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VOL. 126 | NO. 69 | Friday, April 8, 2011

Pinnacle Awards Honor City's Best Brokers

As emcee Dan Conaway noted in his opening address Thursday night at the 10th annual Pinnacle Awards, “OK is the new great.”

Reading, Writing, Rebirth

Jubilee Schools celebrate return of Catholic schools to inner city

When Bishop Terry Steib 13 years ago asked Dr. Mary McDonald to come on board as superintendent of Catholic Schools for the Diocese of Memphis, he did so with a uniquely challenging task in mind.

Wharton Puts Impound Lot Employees On Leave

Memphis Mayor A C Wharton Jr. Friday ordered the city impound lot overhauled, all of its employees put on a week's paid leave and its employees transferred to other divisions, provided they clear a series of interviews to be conducted by the city next week.

Leaders Embrace Aerotropolis as Conference Nears

A group of 30 people gathered Wednesday evening in what used to be a church just across Airways Boulevard from a runway at Memphis International Airport.

Black Equip. Supply Grows Memphis Presence

Black Equipment Supply is relocating its Memphis presence to a space that nearly doubles the size of the firm’s former location.

Local Weather
Currently
Memphis, TN
68.0°F
Overcast and Windy
Wind: from the South at 26.5 gusting to 36.8 mph
Humidity: 78%

EVENTS

Health Memphis Common Table will present a Community Partners Forum Friday from 8:30 a.m. to noon at St. Francis Hospital, 5959 Park Ave. Dr. Calvin Johnson, president of Altre Strategies Solutions Group LLC, will speak on the topic “Eliminating Health Disparities by Focusing on Quality.” For more information, contact Patti Tosti at 273-2665 or patti.tosti@healthmemphis.org.

more events »

Duncan-Williams Celebrates Anniversary With Upbeat Report

The state of the company presentation Duncan Williams gave to employees within the last few days was characteristic of the man whose name is on the Memphis securities firm’s proverbial shingle.

Gov. Haslam Announced As Speaker at Dunavant Awards

Tennessee Gov. Bill Haslam will be the featured speaker at the eighth annual Bobby Dunavant Public Service Awards.

Corporate Spelling Bee To Benefit Literacy Mid-South

The Literacy Mid-South Corporate Spelling Bee is experiencing a R-E-V-I-V-A-L.

Martino’s Faith at Center Of Successful Design Career

Angelo Martino, head of the interior design department at Lakeland-based Renaissance Group, has been in the business almost 50 years. But what others may call the result of many years of practice, Martino calls a “gift from God.”

Two Ways to Look at It

It all depends on your point of view. Coming from Arkansas, it looks like Oz. It appears suddenly, just past that truck in front of you, between that truck and the one next to you, glimpsed between rearview mirror checks of that truck behind you. You’ve somehow survived the concrete gauntlet of West Memphis and the semi cowboys whipping their rigs into a frenzy, driving them to market across the modern day trails of I-40 and I-55.

Dealing with Departure of Executive Director

This is the first of a three-part series. This three-part series discusses the important role of an interim executive director during a time of organizational transition. We asked Chiquita Tuttle, our West Coast director of fund development services, and an experienced interim director, for her thoughts and guidance.

STATEWIDE

Library With McWherter Exhibit to be Open Sunday

DRESDEN, Tenn. (AP) – The Weakley County Library in Dresden will open on Sunday to allow mourners at former Gov. Ned McWherter's memorial service to visit its exhibit on his life.

STATE LEGISLATURE

Ramsey Rules Out Challenge of US Sen. Bob Corker

NASHVILLE (AP) – State Senate Speaker Ron Ramsey, the candidate most aligned with the tea party movement in last year's gubernatorial campaign, is ruling out a bid for the U.S. Senate.

Senate Sends Teacher Bargaining Bill to Committee

NASHVILLE (AP) – The sponsor of a bill to strip teachers of their collective bargaining rights has moved the measure back to the Senate Education Committee.

Lawmakers Pass Resolution Honoring McWherter

NASHVILLE (AP) – Members of the House and Senate both unanimously honored former Tennessee Gov. Ned McWherter with a resolution on Thursday.

REGIONAL

Hemphill Gets Blues Trail Marker

SENATOBIA, Miss. (AP)Jessie Mae Hemphill, whose award-winning Blues career lasted decades and was heavily influenced by her upbringing in rural Mississippi, will be honored Friday with a Mississippi Blues Trail marker.

NATIONAL BUSINESS

Medtronic Combining Vascular, Cardiac Sales Unit

MINNEAPOLIS (AP) – Medical device maker Medtronic Inc. said Thursday that it will combine its sales forces for the vascular and cardiac businesses in the U.S.

Dish Network's $228M Blockbuster Buy Approved

NEW YORK (AP) – Blockbuster says a bankruptcy judge has approved Dish Network's $228 million offer for the movie-rental chain, paving the way for a combination of the two media companies.

Shopper Spending Surprisingly Strong in March

NEW YORK (AP) – Shoppers shrugged off higher gas prices and cool temperatures to give retailers a surprisingly solid March.

NATIONAL POLITICS

Social Security Stopping Mailed Earning Statements

WASHINGTON (AP) – Those yearly statements that Social Security mails out – here's what you'd get if you retired at 62, at 66, at 70 – will soon stop arriving in workers' mailboxes. It's an effort to save money and steer more people to the agency's website.

White House: Federal Workers Should be Reimbursed

WASHINGTON (AP) – The White House says it would support reimbursing the pay of employees who are furloughed as a result of a potential government shutdown.

Boehner Says Deal not Near on Budget Stalemate

WASHINGTON (AP) – House Speaker John Boehner says negotiators aren't as close to a deal to cut spending and avoid a government shutdown as he thought last night, and is blaming the White House.

REAL ESTATE

Rate on 30-year Fixed Mortgage Rises to 4.87 Pct.

NEW YORK (AP) – Fixed mortgage were essentially unchanged this week, as the average rate on the 30-year fixed loan stayed below 5 percent.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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