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VOL. 126 | NO. 92 | Wednesday, May 11, 2011

Cleanup Kicks Off as River Crests

Now that the Mississippi River has crested, the long drop in the river’s level begins and it will take the rest of the month and into June to get anywhere near normalcy for the volatile river.

Water Warning

Floodwaters pose health risks for Shelby County

Shelby County Health Department officials are warning residents to avoid contact with floodwaters, which could contain any number of contaminants and pose serious health hazards.

Medtronic Picks GE's Omar Ishrak as Next CEO

NEW YORK (AP) — Medtronic Inc., the world's biggest medical device maker, said Wednesday that Omar Ishrak of GE Healthcare will become its new chairman and CEO in June.

Obama to Deliver Address at BTW High

Barack Obama will make his first trip to Memphis as president to deliver a commencement address at Booker T. Washington High School, the White House announced Tuesday.

Special Coverage: Mid-South Flooding

Coverage of the rising waters in the Memphis area

Local Weather
Currently
Memphis, TN
46.0°F
Fair
Wind: West at 4.6 mph
Humidity: 56%

EVENTS

The Alliance for Nonprofit Excellence will hold a workshop Wednesday from 8:30 a.m. to 3:30 p.m. at its office, 5100 Poplar Ave., suite 502. Participants will review the essential best practices of fundraising and critical issues that must be addressed to be successful. Cost is $99 for members, $150 for nonmembers and $89 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

St. Jude to Build $190M Tower

St. Jude Children’s Research Hospital is asking the state Health Services & Development Agency for permission to construct a $190 million medical tower on its campus that will serve as a new patient care and research building.

Elvis Presley Enterprises Parent Acquired

CKx Inc., the parent company of Elvis Presley Enterprises since 2005, will now be in the hands of a New York private equity firm.

Festival Relocation to Impact Local Businesses

When historic flooding forced a venue change for Memphis in May’s 34th annual World Championship Barbecue Cooking Contest, Downtown and Midtown businesses began bracing to make the best of the sudden switch.

Disaster Recovery on Minds of Some Businesses

Gayle Rose isn’t a storm-chaser nor does she work for the U.S. Army Corps of Engineers, but natural disasters are her territory.

Fayette, Tipton Home Sales See Big Drops

April home sales in Fayette and Tipton counties – down 20 and 38 percent, respectively, from April 2010 – have local agents hanging in there and hoping for the best.

Holden Nixon Wins Advocate Award

Barbara Holden Nixon of The Urban Child Institute has received the Mary F. Todd Advocate of the Year Award from the Memphis-Shelby County Children and Youth Council.

When Hot Prospects go Cold

A prospect calls indicating a strong need for what you’re selling. You meet with them, identify they are a good fit for your firm, and develop a proposal for how you might work together. You pitch with perfection, see all the right buying signals, and then hear the dreaded words, “let me get back with you.”

Service Slips Destroy Confidence

Important moments in life can sometimes be fraught with difficulty. My daughter, Colleen, last week engaged a department store to outfit my grandson, Gabriel, with a suit for his eighth-grade dance. Now this is not just any moment in life; it is a big deal. Because Gabriel is tall, she had to leave the jacket for the sleeves to be adjusted. Not a big deal, right? Until the phone call.

Social Media: A Mystery to Most Businesses

Not a day goes by that someone doesn’t ask me about social media for business. LinkedIn, Facebook, Twitter are all new media tools that can help bolster your Internet or “digital footprint.”

STATEWIDE

Haslam Names Barbic to Run Tenn. Failing Schools

NASHVILLE (AP) – Gov. Bill Haslam has named Texas charter school operator Chris Barbic to head Tennessee's special school district for failing schools.

REGIONAL

More Casinos Close in Mississippi

All of Mississippi's 19 dockside casinos on the Mississippi River likely will be closed within a few days because of flooding — at the cost of millions of dollars to tax coffers and temporary unemployment for thousands of casino employees, a state gambling regulator said Tuesday.

NATIONAL BUSINESS

Fewer Flights On-Time in March, Cancellations Down

NEW YORK (AP) – Better weather helped airlines avoid long ground delays in March, marking the fourth month out of the last six in which no U.S. planes were stuck on the ground for more than three hours, the government said Tuesday.

Microsoft Agrees to Buy Skype for $8.5B

NEW YORK (AP)Microsoft Corp. said Tuesday that it has agreed to buy the popular Internet telephone service Skype SA for $8.5 billion in the biggest deal in the software maker's 36-year history.

Pew Finds Positive Results From Credit Card Law

NEW YORK (AP) – Banks and some pundits had predicted that credit card users would face skyrocketing interest rates, a spike in annual fees and a plethora of other negatives after stringent new rules on cards kicked in last year.

NATIONAL POLITICS

Senate Panel Grills Apple, Google on Location Data

WASHINGTON (AP) – Executives from Apple and Google told lawmakers Tuesday that users have control over information used to pinpoint the location of iPhones and smartphones running Google's Android software.

Sponsor Delays Immigration Bill to Address Cost

NASHVILLE (AP) – The House sponsor of legislation that would allow law enforcement agents in Tennessee to question suspects about their immigration status says he's trying to make the proposal financially feasible.

Speaker Boehner: Tax Hikes are 'Off the Table'

WASHINGTON (AP) – House Speaker John Boehner is insisting tax increases are "off the table" in negotiations with the Obama administration and congressional Democrats on extending the federal debt limit.

HEALTH CARE

Report: Up to 44M More Uninsured Under GOP Budget

WASHINGTON (AP) – The House Republican budget would leave up to 44 million more low-income people uninsured as the federal government cuts states' Medicaid funding by about one-third over the next 10 years, nonpartisan groups said in a report issued Tuesday.

Community Health Ends Effort to Buy Rival Tenet

NEW YORK (AP)Community Health Systems Inc. has ended its effort to buy competitor Tenet Healthcare Corp. after Tenet rejected its latest $4 billion-plus offer.

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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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