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VOL. 126 | NO. 102 | Wednesday, May 25, 2011

Q3 Profit, Sales Up for AutoZone

Memphis-based auto parts retailer AutoZone Inc. turned in a strong fiscal third quarter, despite concerns about whether higher gas prices and bad weather in parts of the country would lead customers to drive their cars less – and thus need to swap out parts less often.

Mission Accomplished

Haslam pleased with first legislative session’s work

Tennessee Gov. Bill Haslam, as the week began, was still reading the fine print of some of the last bills passed over the weekend by the Tennessee Legislature.

Medtronic Profits Drop 19 Percent In Q4

Medtronic Inc.’s fiscal fourth quarter earnings dropped 19 percent and the company predicted lower-than-expected growth for the year ahead because of a slump in implants sales.

ServiceMaster Reports Modest Q1 Growth

The ServiceMaster Co. reported increased first quarter 2011 revenues of $615 million, up 5.9 percent from the first quarter of 2010.

Orthopedic Infection Growing Concern

Dealing with infection is a complex problem facing orthopedic surgeons, and a growing concern as the first of the baby boomer generation turns 65 – increasing the number of artificial hips, knees and other orthopedic devices implanted in patients.

Local Weather
Currently
Memphis, TN
61.0°F
Mostly Cloudy
Wind: East at 4.6 mph
Humidity: 78%

EVENTS

A Belgian Beer Dinner will be held Wednesday, May 25, at 7 p.m. at Mesquite Chop House, 88 Union Ave. The dinner will be presented by Steve Barzizza of Southwestern Beverages. For more information, call 527-5337 or visit www.mesquitechophouse.com.

more events »

Mays to Begin Schools Suit Decision in July

Federal Judge Hardy Mays will begin deciding the schools consolidation lawsuit in July. And he will do it without further oral arguments or a trial.

CREW Unites Women in Real Estate Deals

In a tough economic climate, it’s imperative for women in the commercial real estate industry to join forces and work to cross deals through the finish line.

Ewing Named Partner at Tactical Magic

Susan Akil Ewing has been named partner at Tactical Magic. Ewing joined the firm as a marketing strategist in 2010 after 18 years in the field, where she held executive positions at local advertising agencies, including Thompson & Co. and inferno.

The Art Of Selling Professional Services

Law, accounting practices, insurance agencies, architectural firms and financial services companies. These types of firms make up the category “professional service firms.”

Bosses Need Love Too

When was the last time you told your boss thank you for inspiring you? We expect to be praised, engaged and paid. We rely on our bosses to be our mentors, coaches and advocates. If a boss has 10 employees looking to him for inspiration and support, that’s a lot of responsibility – especially when he also has to direct projects, manage a P&L, create reports and keep his own boss happy.

NATIONAL BUSINESS

Delta, US Airways Try Again on Slot Swap

NEW YORK (AP) US Airways Group Inc. and Delta Air Lines Inc. are again asking regulators to allow them to swap takeoff and landing rights for dozens of flights in New York and Washington.

Liberty Media Execs Discuss Barnes & Noble Offer

NEW YORK (AP) – Executives with online company Liberty Media say the "interesting interplay" between Barnes & Noble's Nook e-reader and its retail stores is one reason they have bid for the book seller, but Barnes & Noble executives launching the device's latest version Tuesday were mum on the $1 billion offer.

1st-Qtr Late Credit Card Payments Hit 15-Year Low

NEW YORK (AP) – Late payments on credit cards fell to their lowest level in 15 years during the first three months of 2011, TransUnion said Tuesday.

Troubled Banks Made Up About 12 Pct of Total in Q1

WASHINGTON (AP) – The number of U.S. banks at risk of failing made up nearly 12 percent of all federally insured banks in the first three months of 2011, the highest level in 18 years.

New Study Tells Students the Worth of Their Majors

PHILADELPHIA (AP) – The choice of undergraduate major in college is strongly tied to a student's future earnings, with the highest-paying majors providing salaries of about 300 percent more than the lowest-paying, according to a study released Tuesday.

NATIONAL POLITICS

House to Vote on Debt Limit Next Week

WASHINGTON (AP) – Republicans intend to stage a vote in the House next week on legislation to raise the nation's debt limit without requiring spending cuts, a measure expected to fail.

Gates: Big Budget Cuts Will Diminish US Influence

WASHINGTON (AP) – Defense Secretary Robert Gates on Tuesday warned that shrinking defense budgets will mean a smaller military and a diminished U.S. role in the world.

White House Threatens Veto of Defense Bill

WASHINGTON (AP) – The White House is threatening a veto of a defense bill over provisions limiting President Barack Obama's authority on nuclear weapons and handling terrorist suspects.

House GOP to Advance $1B Disaster Aid Package

WASHINGTON (AP) – In the aftermath of Sunday's devastating tornado in Joplin, Mo., a key House panel has approved a $1 billion aid package to make sure federal disaster relief accounts don't run out before the end of the budget year in September.

REAL ESTATE

Troubled Home Market Creates Generation of Renters

WASHINGTON (AP) – A growing number of Americans can’t afford a home or don’t want to own one, a trend that’s spawning a generation of renters and a rise in apartment construction.

New-Home Sales Up, But Pace Remains Sluggish

WASHINGTON (AP) – More people bought new homes for a second straight month in April, a hopeful sign. Still, sales remain far below a pace that would signal a turnaround for the depressed housing market.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 31 327 17,870
MORTGAGES 49 409 20,835
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 129 800 36,616
BANKRUPTCIES 51 243 11,925
BUSINESS LICENSES 21 117 5,677
UTILITY CONNECTIONS 0 175 12,208
MARRIAGE LICENSES 29 121 4,478

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