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VOL. 130 | NO. 93 | Wednesday, May 13, 2015

Artspace Lofts Plan Scores Major Investment

A plan to transform an abandoned Downtown warehouse into live-work spaces for artists has received a major boost.

Harold Ford Sr. Returns to Memphis Funeral Business With New Concept

In his years as a political force in Memphis, Harold Ford Sr. was known for his attention to detail.

On the Menu

Majestic Grille plans cosmetic tweaks, dinner series launch

When Golden State Warriors head coach Steve Kerr turned up for dinner at the Majestic Grille Friday night, it wasn’t as the guy in charge of the team trying to put a stop to the Memphis Grizzlies’ championship ambitions.

Developers: Tennessee Brewery Work is Tough Job

The team behind the proposed redevelopment of the long-vacant Tennessee Brewery received a 20-year tax freeze and a long-term loan for a new parking garage to help usher the Downtown development along, but officials say much work remains before the $28.1 million project becomes a reality.

Shelby County Commission Questions Grays Creek Payday Loan Error

Shelby County Commissioners want to know how a payday loan business got a certificate of occupancy from the county’s Office of Construction Code Enforcement and opened in the Cordova Ridge Shops development even though such a business violates the Unified Development Code.

Local Weather
Currently
Memphis, TN
74.0°F
Fair
Wind: Calm mph
Humidity: 79%

EVENTS

The Project Management Institute Memphis Chapter will meet Wednesday, May 13, at 6 p.m. at the Crescent Club, 6075 Poplar Ave. Ashley Calvert will present “The Future of Software Quality Management.” Visit pmimemphis.org for details and registration.

more events »

Warriors Make Adjustments to Even Series With Grizzlies

In Grizzlies coach Dave Joerger’s mind there is a magic number, and that number is 100, as in points.

NEWSMAKERS

Greenstein Touts Doug Carpenter & Associates' ‘Connection Factor’

Cara Greenstein serves as public relations coordinator of doug carpenter & associates, where she practices her passion for connection through the pen, on the screen and at the table. Equal parts researcher, writer, administrator and collaborator, Greenstein advances social media engagement and helps cultivate relationships between clients, media and the community.

LOCAL COLUMNISTS

Six Easy Ways to Kick Referral Fears

For most businesses, especially those selling to other businesses (or B2B), there is no more efficient way to generate new business than through referrals from existing happy customers. “Pre-selling” has occurred, which means there is already built-in trust, which inevitably shortens the sales cycle. Plus, there is typically little, if any, hard cost in that new customer acquisition.

Do Not Fear Europe’s Recovery

Interest rates determine the cost of capital for corporations, directly influence the capitalized value of corporate earnings and establish relative value positions within the currency markets. Simply stated, meaningful shifts in interest rates create meaningful shifts in the investment marketplace.

STATEWIDE

Magazine Drops Tennessee Ranking Over VW Political Interference

NASHVILLE, Tenn. (AP) – Tennessee has a dropped a spot in Chief Executive magazine's annual rating of the best and worst states for business over political interference on labor issues at the Volkswagen plant in Chattanooga.

STATE GOVERNMENT

Tennessee Senator Had Son on State Benefits

NASHVILLE, Tenn. (AP) – Republican Sen. Todd Gardenhire of Chattanooga, who twice voted against Medicaid expansion in Tennessee, told a newspaper that his adult son had "never" been signed up for state benefits.

NATIONAL BUSINESS

US Airways Likely to Stop Flying This Fall

FORT WORTH, Texas (AP) – After more than 75 years of flying, the end is near for US Airways.

US Household Debt Levels Held Back By Cautious Consumers

WASHINGTON (AP) – U.S. household debt levels were mostly unchanged in the first three months of this year, held back by tight mortgage credit standards and consumer reluctance to borrow heavily.

Verizon Wireless, Sprint Settle Allegations of Bogus Charges

WASHINGTON (AP) – Verizon Wireless will pay $90 million and Sprint $68 million to settle charges that the mobile giants allowed phony charges on their customers' monthly bills so they could keep a cut of the profit, federal regulators announced Tuesday.

Verizon Buys AOL for $4.4 Billion in Mobile Video Bet

NEW YORK (AP) – After selling millions of Americans their mobile phones, Verizon now wants to capture their eyeballs, too.

Gas Prices Still Look Low for Summer Even After Spring Surge

NEW YORK (AP) – Drivers who have seen a steady rise in the price of gasoline can relax: They will almost certainly be paying far less for gas this summer than they have in at least six years.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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