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VOL. 130 | NO. 102 | Wednesday, May 27, 2015

Council Budget Committee Recommends $2.5 Million for Brewery Project

With a majority of the 13-member Memphis City Council present, the council’s budget committee voted Tuesday, May 26, to recommend $2.5 million in city capital funding for the remake of the Tennessee Brewery as a residential development.

The Cheesecake Factory to Open at Wolfchase This Winter

After months of remaining quiet, the Cheesecake Factory is acknowledging it will open a restaurant in Memphis this year.

AutoZone Reports Quarterly Revenue, Earnings Increase

AutoZone Inc. reported Tuesday morning a 35th consecutive three-month period of double-digit earnings per share growth.

Budding Business

Sprouts aims to provide ‘high-touch shopping experience’

When you enter the freshly opened Sprouts Farmers Market store in Lakeland, look up.

Harris Pushes For Insure Tennessee Comeback

State Senate Democratic leader Lee Harris of Memphis will be on the campaign trail this summer.

Local Weather
Currently
Memphis, TN
44.0°F
Mostly Cloudy
Wind: South at 6.9 mph
Humidity: 55%

EVENTS

B.I.G. for Memphis, a business interest group that connects Memphis Police colonels and business leaders, will meet Wednesday, May 27, from 9:45 a.m. to 11:30 a.m. at Phelps Security, 4932 Park Ave. Laura Vaughn of the American Red Cross will discuss emergency preparedness. RSVP to bigformemphis@phelpssecurity.com or 901-365-9728.

more events »

Grizzlies’ Kosta Koufos a Free Agent and Target of Other Teams

Far behind the headlines of All-NBA First Team center Marc Gasol’s impending free agency is this 7-foot, 265-pound fact: Backup Kosta Koufos is an unrestricted free agent this summer.

Oak Park Apartments Demolition Latest in Blight Campaign

The group of Memphis leaders and Glenview-area homeowners standing in a parking lot last week surrounded by the shells of two two-story apartment buildings and the charred foundation of a third paused for a moment.

New Dirt on Overton Park Greensward Stirs Pot

When Felipe Olvera saw a city public works crew with several pieces of heavy machinery on the Overton Park greensward Thursday, May 21, he was asked several questions by zoo personnel and the work crews.

NEWSMAKERS

Deloitte Promotes Vince DeGutis

Vince DeGutis, a partner in Deloitte Tax LLP, has been named Deloitte’s Memphis managing partner.

LOCAL COLUMNISTS

6 Tips for Selling to Millennials

Roughly 75 million strong, millennials are on a course to soon surpass their baby boomer parents as our nation’s largest living generation. This generation, also known as Gen Y, was born between 1981 and the early 2000s, and they are beginning to wield great influence in their professional roles.

Do Not Fear What You Should be Afraid Of

There are factors conspiring in the market’s industrial kitchen right now that might lead to a fit of indigestion for investors. This week we will look at the three main ingredients and discuss how to medicate.

Take a Break From Facebook

I recently took a hiatus from Facebook. Once I was removed from my newsfeed’s constant updates, I was able to better focus on the dozens of other things that require my attention throughout the day.

STATEWIDE

More Than 2,000 Tennessee Workers Offered to Apply for Buyouts

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam's administration has sent out buyout applications to more than 2,000 state employees.

NATIONAL BUSINESS

Media Heads Rule Ranks of Best-Paid CEOs

NEW YORK (AP) – They're not Hollywood stars, they're not TV personalities and they don't play in a rock band, but their pay packages are in the same league.

Taco Bell, Pizza Hut: Artificial Ingredients Getting Booted

NEW YORK (AP) – Taco Bell and Pizza Hut say they're getting rid of artificial colors and flavors, making them the latest big food companies scrambling to distance themselves from ingredients people might find unappetizing.

Charter Buying Time Warner Cable as TV Viewers Go Online

NEW YORK (AP) – As TV watchers increasingly look online for their fix, cable companies are bulking up. In the latest round, Charter Communications is buying Time Warner Cable for $55.33 billion.

NATIONAL GOVERNMENT

Supreme Court Clarifies Power of Bankruptcy Judges

WASHINGTON (AP) – The Supreme Court says bankruptcy courts have authority to rule on disputes that fall outside the bankruptcy proceedings if the parties to the case consent.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 331 19,904
MORTGAGES 0 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 1 232 13,336
BUSINESS LICENSES 0 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 0 94 4,936

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