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VOL. 127 | NO. 105 | Wednesday, May 30, 2012

Trustee Pitches Tax Collection to City

Bob Patterson, the county official known for his felt hats and folksy charm, repeatedly gave it a try.

Cautious Optimism

Trucking companies like lower-than-expected gas prices but remain wary

A gallon of regular unleaded gas was going for $3.13 to $3.15 a gallon Sunday, May 27, at the corner of Dexter and Germantown Parkway in Cordova.

Wells Fargo, City Settle Discrimination Suit

Wells Fargo & Co. has agreed to settle a federal discrimination lawsuit the Memphis and Shelby County governments filed against the bank by setting a five-year mortgage lending goal of $425 million here, including $125 million in home purchase lending to low- and moderate-income borrowers.

Council Weighs Three Tax Roll Back Proposals

Three Memphis City Council members have presented plans that would roll back the city’s current property tax rate to varying degrees and come up with the city’s last mandatory funding to Memphis City Schools using differing combinations of one-time funds.

Fatal Fire Hits Verso’s Minn. Mill

SARTELL, Minn. (AP) – The future of a paper mill that's one of the main employers and taxpayers in the central Minnesota town of Sartell was unclear Tuesday as firefighters spent a second day trying to extinguish a fire that killed one worker and injured four.

Local Weather
Currently
Memphis, TN
42.0°F
Fair
Wind: Northwest at 6.9 mph
Humidity: 76%

EVENTS

Talk Shoppe and the Small Business Chamber will present “Speed Networking at Supersonic Speeds: Build Relationships With Other Top Business People” Wednesday, May 30, from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Drive. Call Jo Garner at 482-0354.

more events »

FedEx Corp. to Buy Brazilian Shipper

Memphis-based FedEx Corp. is buying its authorized FedEx representative in Brazil to become part of FedEx Express.

School Talks Now Turning to New Supt.

The discussion about who will head the new consolidated Shelby County school system has been under way on an unofficial basis since Memphis voters approved a Memphis City Schools charter surrender in March 2011.

DMC Hires Firm for South Main Branding

The Downtown Memphis Commission unanimously voted to hire Nashville-based North Star Destination Strategies to help in the organization’s South Main branding campaign at its monthly board meeting Friday, May 25.

HMCT Partners With Coke to Tackle Obesity Epidemic

Healthy Memphis Common Table, a nonprofit dedicated to improving the health of Memphians, recently announced it had formed a new partnership with Coca-Cola Co.

MEMPHIS NEWSMAKERS

Scott Joins Methodist South as Chief Medical Officer

Dr. Howard Scott has been named chief medical officer at Methodist South Hospital. Before joining Methodist South, which is part of the Methodist Le Bonheur Healthcare system, Scott served as chief medical officer for West Kendall Baptist Hospital in Miami. He has also maintained an active private practice for 29 years.

LOCAL COLUMNISTS

Try ‘Design Thinking’ for Innovation

While the word innovation thunders from the boardroom, few companies actually build a sustainable process for generating real solutions that create value. Instead, they hastily focus on an un-validated and over-caffeinated pet idea of the CEO. Or worse, they spend a lot of time and resources recreating a slightly different version of their same core offering.

Look Closely at Entry Point Valuations

Chase Vacuums not Bubbles Markets regained their composure last week as the threat of a Greek tragedy diminished. While there are a couple of mile markers before the Greek election on June 17, markets will remain anxious until the ballots are cast.

REGIONAL

Fed. Judges Won't Block Ark. Primary Certification

LITTLE ROCK, Ark. (AP) – A federal court panel on Tuesday refused to block the certification of an east Arkansas state Senate primary while they consider a lawmaker's complaint that his district was redrawn to intentionally weaken the black vote.

NATIONAL BUSINESS

Americans Grew Gloomier About the Economy in May

NEW YORK (AP) – Americans grew much gloomier about the economy in May, causing a critical measure of consumer confidence to suffer its biggest decline in eight months and ending a period of steady optimism.

NATIONAL BUSINESS

Facebook's Stock Falls Below $30 for First Time

NEW YORK (AP) – Facebook's stock has fallen below $30 for the first time since its much-awaited public debut this month.

REAL ESTATE

Home Prices Improve in Most Major US Cities

WASHINGTON (AP) – Home prices rose in March from February in most major U.S. cities for the first time in seven months. The increase is the latest evidence of a slow recovery taking shape in the housing market.

TECHNOLOGY

Sprint to Shut Nextel as Early as June 2013

NEW YORK (AP) Sprint Nextel Corp. on Tuesday said it will shut down the Nextel network as early as June 30 next year, cutting off service for its characteristic walkie-talkie-like Nextel phones.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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