» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 133 | NO. 107 | Tuesday, May 29, 2018

Luttrell Vetoes Second Commission Resolution Hiring Bolton as Adviser

Shelby County Mayor Mark Luttrell has vetoed a second resolution by the Shelby County Commission appointing attorney Julian Bolton as the commission’s legislative policy adviser.

MIFA Marks 50 Years of Interfaith Activism

When a group of Memphis religious leaders marched from St. Mary’s Episcopal Cathedral to City Hall the day after Dr. Martin Luther King’s assassination in 1968, they were in the middle of a pivotal year for an ecumenical movement whose impact is still being felt.

Safe and Sound

Turner grows ESSC And MedixSafe business

Entrepreneur Jim Turner is enjoying the recent growth of his MedixSafe drug security cabinet business, which sprouted from his successful security-based business, Electronic Security Specialists & Cabling (ESSC). This year, MedixSafe will top $1 million in sales for the first time and will account for one-third of ESSC’s overall business.

Q&A: MMDC’s Abby Miller Talks New Position, Future of Medical District

When the Memphis Medical District Collaborative started in February of 2016 there were only two employees: Abby Miller and current president Tommy Pacello.

Blockparty To Enhance U of M’s Tiger Lane Experience in ’18

Just a few years ago, it was a struggle to get fans to show up for University of Memphis football games at Liberty Bowl Memorial Stadium. Losing was the norm, Tiger Lane as it exists now was just wild imagination, and the notion of the school having use for a professional tailgating partner would have been lunacy.

Local Weather
Currently
Memphis, TN
78.0°F
Mostly Cloudy
Wind: West at 17.3 mph
Humidity: 76%

EVENTS

The Beethoven Club Music Series, featuring a performance by some of Memphis’ brightest young college classical musicians, continues Tuesday, May 29, from 7 p.m. to 8 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. The Beethoven Club of Memphis hosts the series on the last Tuesday of every month. Admission is free; light refreshments will be served. Visit beethovenclubmemphis.org.

more events »

Last Word: After The Tom Lee Storm, Tiger Lane Changes and Crosstown Growth

A year ago many of you were without power in the wake of a sudden and violent storm that has come to be known as the Tom Lee Storm. It is the third most powerful storm, according to Memphis Light Gas and Water Division, in terms of those without power and the damage done. It’s called the Tom Lee storm because the 1950s-era Tom Lee memorial in Tom Lee Park – the obelisk – was toppled and shattered as the obelisk fell from the base. A year later, the base that proclaims Tom Lee “a worthy Negro” remains and the obelisk is in storage.

Competition Not ‘Mane’ Idea Behind U of M Equestrian Club Team

It’s heard over and over. Athletes and coaches waxing poetic about their amazing home field advantage. Or home court, ice, track, etc.

EMPHASIS Public Companies

International Paper Hopes for Talks In Deal to Acquire Smurfit Kappa

After recently being given a June 6 deadline by the Irish Takeover Panel to make a final binding offer to acquire Europe’s largest cardboard box producer, Smurfit Kappa Group, Memphis-based International Paper Co. decided against a hostile takeover attempt and is instead hoping to open a dialogue with the company to determine a mutually beneficial path forward.

GTx Reports Positive Results in Using Enobosarm to Treat Incontinence

Memphis-based biopharmaceutical company GTx Inc. has deep roots in Memphis, with AutoZone founder Pitt Hyde being a primary backer of the company since its inception in 1997. In recent years, GTx’s research into the muscle-building compound enobosarm has shifted from patients with breast and lung cancer to women with stress urinary incontinence.

FedEx Rolls Out the Purple Runway For Its Next Generation of Pilots

FedEx Express is paving a runway for the pilots of tomorrow – a direct pipeline to flying for the Memphis-based delivery services company on the Fortune 500 list.

REAL ESTATE RECAP

Sleep Out Louie Returns, Tennessee Brewery Preps for Phase II

150 Peabody Place, Memphis, TN 38103: After more than a decade, Sleep Out Louie, Memphis’ favorite fictional vagabond, is returning to the Bluff City.

LOCAL COLUMNISTS

Businesses Need Purpose

A talk from Haley Rushing, chief purposologist, The Purpose Institute, from the 2018 Conscious Capitalism Annual Conference.

Are Nonprofits For ‘Them’ Or For Everyone?

The impact of the nonprofit sector can be felt in all aspects of our individual and collective lives. We may not always see that impact, but that doesn’t mean it isn’t there.

NATIONAL BUSINESS

For CEOs, $11.7 Million a Year is Just Middle of the Pack

NEW YORK (AP) – Chief executives at the biggest public companies got an 8.5 percent raise last year, bringing the median pay package for CEOs to $11.7 million. Across the S&P 500, compensation for CEOs is often hundreds of times higher than typical workers.

Women CEOs Still a Rarity, But Pay Tops That of Men

Female CEOs remain scarce at the biggest publicly traded companies but those who hold the top job receive pay competitive with male peers.

NATIONAL GOVERNMENT

Fed Chair Powell Stresses Importance of an Independent Fed

Federal Reserve Chairman Jerome Powell warned Friday that the Fed's independence from political pressure must be respected if it is to succeed in controlling inflation, maximizing employment and regulating the financial system.

Trump Steering Clear of Messy House Immigration Fight

WASHINGTON (AP) – President Donald Trump has spent recent weeks publicly hammering Congress to crack down on "legal loopholes" he says allow criminals to enter the country illegally. But behind the scenes, Trump has shown little interest in jumping into an intensifying Capitol Hill debate over immigration legislation that many believe is unlikely to ever reach his desk.

MEDICAL NEWS

US Raises Concerns About Illnesses Tied to Synthetic Pot

SALT LAKE CITY (AP) – U.S. health officials are urging states to regulate marijuana oil extracts after investigating a rash of illnesses tied to the products in Utah.

TECHNOLOGY

After Amazon Echo Misfire, Ways to Protect Your Own Privacy

NEW YORK (AP) – Revelations that an Amazon Echo smart speaker inadvertently sent a family's private conversation to an acquaintance highlights some unexpected risks of new voice-enabled technologies.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
FORECLOSURE NOTICES 10 70 1,928
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762
BUSINESS LICENSES 23 184 4,083
UTILITY CONNECTIONS 22 166 4,847
MARRIAGE LICENSES 16 81 2,625

Weekly Edition

Issues | About

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