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VOL. 126 | NO. 66 | Tuesday, April 5, 2011

Stevens Replaces Henley as Wright Medical President, CEO

Wright Medical Group Inc. announced Tuesday that its board of directors has appointed Chairman David D. Stevens as interim president and chief executive officer, effective immediately.

Brand Strategy

Host of national retailers making Memphis market debut

It was two years ago at a Five Guys Burgers and Fries franchisee conference when license rights to Memphis were up for grabs.

School Parties Agree to Begin Talks

All of the sides in the schools consolidation lawsuit have agreed to begin talks to resolve the lawsuit and possibly set new terms for the consolidation of Shelby County’s two public school systems.

Former Tenn. Gov. Ned McWherter, 80, Dies

Ned McWherter, a one-time factory worker who became a millionaire businessman, speaker of the state House and then a two-term Democratic governor, has died at the age of 80.

Commission Rejects Paid Leave Restrictions

Shelby County commissioners were short of the votes Monday to specifically prohibit county employees from getting paid leave for Christmas shopping days or in exchange for donating blood and other charity work.

Local Weather
Currently
Memphis, TN
38.0°F
Fair
Wind: Calm mph
Humidity: 76%

EVENTS

Jackson Lewis LP will present a continuing legal education program titled “Best Practices and legal Tips in Conducting Workplace Investigations” Tuesday from 8:30 a.m. to 9:30 a.m. at The Racquet Club of Memphis, 5111 Sanderlin Ave. Breakfast and registration begin at 8 a.m. To register, contact Jill Edwards at 462-2605 or edwardsj@jacksonlewis.com.

more events »

Saint Francis Hospital Suffers Structural Damage

Saint Francis Hospital at 5959 Park Ave. suffered structural damage Monday when dangerous storms moved through the Memphis area.

FTN’s Chris Low Talks Economy’s ‘Interesting Times’

Chris Low, chief economist for FTN Financial, had a lot to talk about during the conference call he led Friday only a few hours after March’s employment figures were released.

Construction Unemployment Edges Down

Despite the loss of 1,000 jobs in March, the nation’s construction unemployment rate edged down to 20 percent for the month, according to the U.S. Department of Labor’s April 1 employment report.

Bike to Work Day to Harness Pedal Power

Employees who resolve to exercise every morning before work have an opportunity to turn their commute into a workout.

Farmers Market Forum Slated for Saturday

The Annual Tennessee Farmers Market Forum will be held Saturday at Agricenter International, 7777 Walnut Grove Road, marking the first time the event has been held in West Tennessee.

Council Could Vote On Police Director

Memphis City Council members have their first one-on-one meeting Tuesday with Memphis police director designate Toney Armstrong.

Glencore Grain Buys Mendenhall Warehouse

4834 S. Mendenhall Road, Memphis, TN 38118, Sale Amount: $6 Million -
Glencore Grain USA LLC, a Stamford, Conn.-based affiliate of Swiss commodities giant Glencore International AG, has paid $6 million for the warehouse at 4834 S. Mendenhall Road.

Energizing Markets: What’s Next?

Q1 Markets Energizing!

A Stunningly Simple Solution

Most people interested in World War II history know about and understand the importance of the Boeing B-17’s role in winning the war. If you live in Memphis, you probably know about a particular B-17 nicknamed “Memphis Belle,” the first United States bomber to complete 25 missions with the crew intact. However, most people have probably never heard of the Boeing Model 299.

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet today at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.

STATEWIDE

MARS Chocolate Plant in SE Tenn. to Expand

CLEVELAND, Tenn. (AP) – A MARS Chocolate plant in southeastern Tennessee is adding assembly lines for its new Pretzel M&Ms and the plant manager said the expansion will create 50 jobs.

STATE LEGISLATURE

Tenn. Proposal Would Allow Multi-Party Nominations

NASHVILLE (AP) – Torn between running as a Republican or a member of the tea party? Under one lawmaker's proposal, Tennessee candidates could do both.

NATIONAL BUSINESS

McDonald's Wants to Fill 50K Jobs on Hiring Day

OAK BROOK, Ill. (AP)McDonald's Corp. will hold its first national hiring day April 19 to fill 50,000 openings at its restaurants in the U.S.

Judge to Hear Motions in Debit Fee Lawsuit

SIOUX FALLS, S.D. (AP) – A federal judge will hear motions in a bank's lawsuit against the Federal Reserve on the constitutionality of regulations limiting the fees a bank can charge retailers for debit card transactions.

AirTran is No. 1 in Airline Quality Study

WASHINGTON (AP) – Low-cost carrier AirTran had the best overall performance of the 16 largest U.S. carriers last year in an annual study of airline quality released Monday, knocking the previous leader – Hawaiian Airlines – into second place.

Experts: Farmers Not to Blame for High Food Prices

DES MOINES, Iowa (AP) – Farmers and ethanol producers have braced for what they expect could be widespread criticism as corn prices are rising rapidly and other food costs are following.

NATIONAL POLITICS

Geithner Issues New Warning on Debt Limit

WASHINGTON (AP) – Treasury Secretary Timothy Geithner is telling lawmakers that the U.S. is only weeks away from reaching the limit on the amount of money the government can borrow.

HEALTH CARE

Medtronic Reports Data From Resolute Stent Studies

NEW YORK (AP) Medtronic Inc. said Monday that a clinical study shows its Resolute drug-coated stent is as effective as Abbott Laboratories' Xience V stent in treating lesions caused by coronary artery disease.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 109 490 20,766
MORTGAGES 131 556 24,361
FORECLOSURE NOTICES 6 61 8,610
BUILDING PERMITS 294 1,204 42,337
BANKRUPTCIES 63 348 13,902
BUSINESS LICENSES 18 97 6,401
UTILITY CONNECTIONS 41 216 13,511
MARRIAGE LICENSES 14 78 5,069

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The Memphis News: Business, politics, and the public interest.