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VOL. 125 | NO. 102 | Wednesday, May 26, 2010

Medtronic Reports Yearly Earnings Rise

Medical device company Medtronic Inc., which has its Spinal and Biologics Business in Memphis, earned $3.1 billion during its 2010 fiscal year, which ended April 30.

Reaching New Heights

Fayette Cares offers good times with service

When giving to Fayette Cares dipped during the recession, the nonprofit organization shook off its fundraising woes by offering unique advertising vehicles and throwing a party.

Council Approves Beale St. Landing and Tiger Lane Funding

Light Rail Funding Derailed In Committee

Memphis City Council members Tuesday approved continuing the Beale Street Landing project Tuesday. They also approved a $15 million project to create a 7 acre lawn at The Fairgrounds that was originally estimated at around $10 million. And the council derailed any funding in the new budget year for a light rail project.

DiScenza Retires; To Investigate Judicial Conduct

The federal prosecutor whose job was to investigate corruption among elected officials is going to be investigating the conduct of judges.

Mississippi Lures McKesson From Memphis

The state of Mississippi and McKesson Corp. have officially announced that the company is moving distribution jobs from Memphis to Olive Branch, where McKesson will build a $115 million facility.

Local Weather
Currently
Memphis, TN
70.0°F
Fair
Wind: Calm mph
Humidity: 87%

EVENTS

Tennessee Small Business Development Center will hold one-on-one counseling sessions with Mark Taylor Thursday at 9 a.m., 10 a.m. and 11 a.m. at the Collierville Chamber of Commerce, 485 Halle Park Drive. The sessions are free but appointments are required. For appointments, call 853-1949.

more events »

Obama Focuses On Small Biz Job Creation

President Barack Obama Tuesday called for Congress to pass a Small Business Jobs Package that would set up a $30 billion lending fund and provide other initiatives for firms to expand and add jobs.

Gear Signs On at Pickler Advisors

Hometown: Memphis. I am a native of California, but have lived here so long I consider myself a Memphian.

Get Tough

Markets climb the proverbial wall of worry and pullbacks allow them to reassess, flush out the weak hands and recommit capital in more promising areas.

New Vacancies Add to Judicial Races on Ballot

The Aug. 5 election will feature five special judicial elections.

Passengers Down, Cargo Up at Airport

While a whistleblower’s claim that one of the airport’s runways is unsafe took center stage at last week’s Memphis-Shelby County Airport Authority board meeting, the dramatic discussion overshadowed a full slate of resolutions and updates on the most recent passenger and cargo activity at the airport.

Clear Channel Adds More Digital Billboards

It’s not difficult to see why Clear Channel Outdoor is upgrading another of its more than 1,000 billboard “faces” in Memphis with digital technology, boosting the company’s digital signs from eight to nine.

Commission Pleased With MED Pledge Attention

Shelby County Commission Chairwoman Joyce Avery said she has no regrets about the commission’s pledge for funding for The Regional Medical Center at Memphis.

MEMPHIS AREA

AutoZone 3Q Net Income Climbs on Brisk Parts Sales

NEW YORK (AP)AutoZone Inc. reported Tuesday that strong sales of automotive replacement parts and several new store openings helped drive net income up 17 percent in its fiscal third quarter.

Chemical Vapor Leak in Shelby Contained

MEMPHIS (AP) — An acidic vapor leak from a West Tennessee acrylic-based products plant has been contained with no injuries reported.

STATE LEGISLATURE

House Budget to Tap Reserves an Additional $147M

NASHVILLE (AP) — House budget writers propose tapping the state's reserves by an additional $147 million, a move that would ensure state employees get a one-time bonus and keep their 401(k) match program, lawmakers said Tuesday.

STATEWIDE

McWherter Hits Haslam on Tenn. Subsidies for Pilot

NASHVILLE (AP) - Democratic gubernatorial candidate Mike McWherter says Republican rival Bill Haslam shouldn't oppose his plan to create tax breaks for small business when Haslam's family business has received more than $500,000 in state grants and subsidies since 2007.

NATIONAL BUSINESS

Geithner to Confer With European Leaders

WASHINGTON (AP) — Treasury Secretary Timothy Geithner will meet with European finance officials this week to review a $1 trillion rescue package that is being assembled to help stem the spreading debt crisis.

Some Fed Banks Wanted Higher Emergency Loan Rate

WASHINGTON (AP) - A new document shows three of the Federal Reserve's 12 regional banks made a push last month to bump up the interest rate banks pay the Fed for emergency loans.

Consumer Confidence Rises in May

NEW YORK (AP) - Americans' confidence in the economy rose in May for the third straight month, fueled by growing optimism about future job prospects.

REAL ESTATE

Falling Home Prices Raise Fears of New Bottom

NEW YORK (AP) - The housing slump isn't over.

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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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