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VOL. 126 | NO. 104 | Friday, May 27, 2011

Q1 Growth ‘Modest’ at ServiceMaster

Months after Memphis-based The ServiceMaster Co. sold off its TruGreen LandCare subsidiary, the new ServiceMaster CEO said TruGreen lawn services has to improve its performance for investors and for clients of the lawn maintenance service.

Thrifty Real Estate

Down economy plays role in thrift store locations

Low-cost operators, including nonprofit organizations like Memphis Goodwill Industries, are able to find more affordable property than in previous years. That’s because as market conditions have dropped, so has price per square foot, said Dave Leutwyler, Goodwill executive vice president.

Feds Dismissed From Schools Consolidation Suit

Federal Judge Hardy Mays has dismissed the federal government from the schools consolidation lawsuit.

Memphis MSA Unemployment Hits Double Digits

The unemployment rate in the Memphis metropolitan statistical area ticked upward two percentage points from March to April, going from 9.9 percent to 10.1 percent, landing in double-digit territory at the same time the national unemployment rate was only 9.0 percent.

Cordova’s Parkway Place Hits 100 Pct

Two recent leases at Parkway Place Office have brought the center to 100 percent occupancy. Guardian Community Living LLC signed a 10,500-square-foot lease in the 70,000-square-foot office annex that is situated in Cordova.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: East at 4.6 mph
Humidity: 54%


The Small Business Chamber Breakfast Club will meet Friday, May 27, from 7:30 a.m. to 9 a.m. at Office Suites Plus, 6000 Poplar Ave., suite 250. For more information, call Melody Douglas at 261-5400.

more events »

CCC Considers Name Change

The Center City Commission, a Downtown-focused development agency that includes affiliate boards that govern things like design standards and project financing, is considering a name change.

Morgan Keegan Analysts Honored Nationally

The stock pickers and corporate earnings estimators at Memphis-based Morgan Keegan & Co. Inc. are among the best of the best.

Cleo Wrap Plant to Close by End of Year

For nearly 60 years, Cleo Wrap has been a part of the city’s post-World War II manufacturing foundation.

Menke Ready to Navigate Pinnacle’s Transitions

Sean Menke, the incoming CEO of Memphis-based Pinnacle Airlines Corp., comes to the helm of the regional air carrier in July during a critical year for the company.

Memphis Businesses Go Ape for Marketing

Business leaders from across the city met earlier this week to put a little monkey in their marketing at the Greater Memphis Chamber’s Lunch and Learn series.

Love, Passion Fuel Hope House’s Randall

When asked to sum up the overarching theme of her life, Maria Randall, without hesitation, answers, “Passion.”

Building Models

A 99.6 percent success rate. We’ve seen the letters to the editor, heard the guy two stools down, the geniuses spitting into talk show microphones: “It’s not the teachers, it’s the parents.”

Volunteers Can Energize Fundraising

Part one of a three-part series In this column we define and discuss the differences between volunteer-led fundraising and staff-led fundraising. With volunteer-led fundraising, board members are actively engaged in cultivating, soliciting and sustaining relationships with individuals who can support your organization with gifts, resources and connections.

Where Do You Look for Cash in Your Business?

Cash is a top concern for most businesses: There never seems to be enough of it, whether it’s in the form of credit availability or actual cash flow.


Haslam Rejects Claims That Teacher Morale Flagging

NASHVILLE (AP) – Gov. Bill Haslam on Wednesday disputed assertions by the Tennessee Education Association's president that teachers feel demoralized and disrespected by new legislation, including a recently passed bill that would limit educators' collective bargaining powers.


Bill Addresses Post-Hurricane Insurance Disputes

JACKSON, Miss. (AP) – A U.S. senator from Mississippi is introducing a bill that tries to resolve wind-versus-water insurance disputes for structures wiped out by hurricanes.


Energy Prices Held Back Growth in First Quarter

WASHINGTON (AP) – High gasoline prices, government budget cuts and weaker-than-expected consumer spending caused the U.S. economy to grow only weakly in the first three months of the year.


House Passes $690 Billion Defense Bill

WASHINGTON (AP) – The Republican-controlled House on Thursday overwhelmingly passed a $690 billion defense bill that limits President Barack Obama's authority on reducing nuclear weapons and deciding the fate of terrorist suspects.

White House Unveiling Plans to Curb Regulations

WASHINGTON (AP) – The White House would eliminate requirements for trapping polluting vapors at gasoline stations and let employers and hospitals file fewer reports as part of a plan it announced Thursday to ease regulatory burdens on business.


Fixed Mortgage Rates Fall to 2011 Lows

NEW YORK (AP) – Fixed mortgage rates hit the lowest point of the year for the third straight week.

Report: Sales of Foreclosed Homes Fell in Q1

LOS ANGELES (AP) – Sales of homes in some stage of foreclosure declined in the first three months of the year, but they still accounted for 28 percent of all home sales – a share nearly six times higher than what it would be in a healthy housing market.


Census: US Men Narrowing the Gender Gap of Old Age

WASHINGTON (AP) – Women still outlive men, but the gender gap among U.S. seniors is narrowing.

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PROPERTY SALES 58 334 3,889
MORTGAGES 76 440 4,676
BUILDING PERMITS 123 858 8,261
BANKRUPTCIES 72 335 3,024

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