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VOL. 126 | NO. 100 | Monday, May 23, 2011

FedEx Express Reports National Service Disruption

FedEx Express announced Saturday morning, May 21, a national service disruption caused by thunderstorms Friday, May 20, that affected Memphis operations. The company suspended its money-back guarantee for shipments inbound to the U.S. from international locations with a Saturday delivery commitment, according to a company statement.

Inspirational Message

Digger Phelps delivers pep talk to Breakfast Club, Stax students

For most of the evening receptions held in conjunction with the monthly Lipscomb Pitts Breakfast Club speaker series, a prominent individual imparts advice, lessons learned and other tidbits to an audience of business leaders and professionals.

Fed Data: Local Market is Unbalanced

In a big-picture sense, the Memphis-area banking market is seeing improvement in the levels of cash banks have set aside to cover bad loans. It’s collectively seeing stronger net income and other signs of growth.

Direct Insurance Subsidiary to Lay Off 100

Direct Adjusting Co., a part of Direct Insurance Co. Inc., is laying off 100 people at its Memphis office

South Main Space In Artspace Crosshairs

National nonprofit group Artspace Projects Inc. has moved several steps closer to bringing a planned live/work development for local artists to the South Main Historic Arts District.

Local Weather
Currently
Memphis, TN
59.0°F
Overcast
Wind: Southwest at 6.9 mph
Humidity: 46%

EVENTS

Indie Memphis will present its Dance Film Series Monday through Wednesday at the Evergreen Theatre, 1705 Poplar Ave. “William Shatner’s Gonzo Ballet” will make its Memphis premiere Wednesday at 7 p.m. Other films include “Rumba,” playing Monday at 7 p.m. and “NY Export: Opus Jazz” Tuesday at 7 p.m. Award-winning short films will precede the three features. For more information, visit www.indiememphis.com.

more events »

Senate Approves High-Alcohol Beer Bill

The state Senate passed a bill Friday that allows the sale of locally-made high alcohol content beer.

Reappraisal Appeals Increase County Red Ink

As the week began, the Luttrell administration upped the gap between revenues and expenditures in its county operating budget proposal by approximately $4 million.

New Members Bring Change to Election Commission

When the Shelby County Election Commission met last week, it signaled a change, with three new members for the five-member body, as well as possibly a calm period for a group that has overseen a lot of elections in the last decade.

South Main Vibe Central To Leadership Memphis Move

Leadership Memphis hopes its move to a new storefront location along South Main Street will increase its visibility and widen its reach within the broader Memphis community.

Booksellers’ New Owners Script Compelling Sequel

If it’s not a storybook ending for the store formerly known as Davis-Kidd Booksellers, it certainly comes close.

Only a Few Ways to Grow Business

There are many books, seminars and advisers spouting how to grow your business. Good for them, but I can give it to you right here for free. It’s not the least bit mysterious nor should it take more than one page to explain. It’s not buying a bag of Miracle-Gro at Lowe’s and sprinkling it either.

Power of A Memphis Dollar

Last week we discussed the MPD Fallen Officer Memorial, which is a monument being constructed to honor the families and 61 MPD officers who lost their lives in the line of duty. This week let us discuss how you can join an effort designed to help strengthen our community by focusing on the Power of the Dollar.

STATE LEGISLATURE

Haslam Gets Bill Placing Caps on Lawsuit Payouts

NASHVILLE, Tenn. (AP) — Gov. Bill Haslam's bill to place caps on payouts from successful medical malpractice and other civil cases is headed for the Republican governor's signature after the House agreed to Senate changes in the measure.

Bill to Require Photo ID Headed to Governor

NASHVILLE, Tenn. (AP) — A proposal that would require Tennessee voters to show photo identification before they can cast ballots is headed to the governor for his consideration.

Tenn. Senate OKs Ban on Teaching of Homosexuality

NASHVILLE, Tenn. (AP) — State law would forbid Tennessee public school teachers and students in grades kindergarten through eight from discussing the fact that some people are gay, under legislation that passed Friday in the state Senate.

Tenn. Anti-Abortion Measure Headed for 2014 Ballot

NASHVILLE, Tenn. (AP) — A proposed constitutional amendment to allow the state to impose stricter limits on abortions will go before voters in 2014 after the House gave final approval to the measure on a 76-18 vote Friday.

REGIONAL

High Water Makes Mississippi Dangerous to Navigate

ON THE MISSISSIPPI RIVER (AP) — Travis Morace has been running boats on the Mississippi for two decades, witnessing all of the mighty river's many moods. He's seen it calm and smooth as a newly paved road and endured jarring rides filled with treacherous twists and bumps.

Jobless Rate Rises in Mississippi

Mississippi's unemployment rate jumped in April to 10.4 percent, the U.S. Labor Department reported Friday.

NATIONAL BUSINESS

Government Examining Airline Ticket Distribution

DALLAS (AP) — American Airlines says the government is investigating whether companies that distribute airline flight and fare information are violating federal antitrust laws.

Retail Slide Sends Broad Stock Market Lower

NEW YORK (AP) — Signs that U.S. consumer demand may be weakening led to a broad sell-off in stocks Friday, setting the market on course for its third week of losses.

Unemployment Falls in Three-Quarters of US States

WASHINGTON (AP) — Unemployment rates fell last month in more than three-quarters of the nation's states, adding to evidence that companies are feeling more confident in the U.S. economy.

HEALTH CARE

Medtronic Reports Safety Analysis for Heart Valve

WASHINGTON (AP) — Medtronic Inc., the world's largest medical device maker whose Spinal and Biologics Business is based in Memphis, is highlighting the safety of its implantable heart valve in an analysis of more than 2,100 patients in more than a half-dozen countries.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 73 155 19,728
MORTGAGES 95 170 23,084
FORECLOSURE NOTICES 12 19 8,323
BUILDING PERMITS 200 338 40,366
BANKRUPTCIES 50 122 13,226
BUSINESS LICENSES 14 23 6,160
UTILITY CONNECTIONS 33 85 13,080
MARRIAGE LICENSES 28 58 4,900

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