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VOL. 130 | NO. 89 | Thursday, May 7, 2015

Conduit Job Cuts Follow Bass Pro Gain

The news that Conduit Global would lay off nearly 600 of its 700 Memphis call center employees happened so quickly that Mayor A C Wharton Jr. was caught by surprise when the word came Wednesday, May 6.

Simply Fashion and Dots Stores Closing Nationwide

BOSTON (AP) – Simply Fashion and Dots stores nationwide are closing, and going-out-of-business sales are starting Thursday.

Universal Appeal

Free centers aim to help raise happy, healthy kids

Paige Marcantel, a licensed clinical social worker, served as a grief counselor for Baptist Memorial Hospital for several years before becoming a stay-at-home mom two years ago.

Extra Schools Funding Request Gets Good First Reviews

Shelby County Schools officials took a request Wednesday, May 6, for $14 million in new funding to Shelby County Commissioners and got lots of general support.

Brewery Redevelopers Seek 20-Year Tax Freeze

The team behind the effort to redevelop the historic but long-vacant Tennessee Brewery could receive a 20-year tax freeze to help make the project a reality.

Local Weather
Currently
Memphis, TN
67.0°F
Mostly Cloudy
Wind: Southeast at 9.2 mph
Humidity: 66%

EVENTS

The Daily News will host the 2015 Money & Markets Seminar and panel discussion Thursday, May 7, from 3:30 p.m. to 5 p.m. in the Brooks Museum auditorium, 1934 Poplar Ave. The seminar will be followed by a wine-and-cheese reception with the panelists. Tickets are $25. Visit seminars.memphisdailynews.com.

more events »

New Questions About Southbrook Mall Renovation

Late last year, Memphis Mayor A C Wharton Jr. was pushing a town center-type conversion of Whitehaven’s Southbrook Mall.

LaVeist to Keynote Common Table Health Alliance Fundraiser

There have been other projects – going back many years – that explored the impact of health disparities in the United States.

Donelson Honored With Carnival’s Highest Award

Nearly 500 law industry leaders filled the Hilton Memphis ballroom for Carnival Memphis’ annual Business & Industry Salute luncheon as part of its 84th anniversary celebration.

Conduit to Lay Off Nearly 600 of 700 in Memphis Workforce

Conduit Global, which opened a Cordova call center in June with $2 million in state incentives, is laying off nearly 600 of its 700 Memphis employees.

LOCAL COLUMNISTS

Planning for Those With Special Needs

Ray’s take: Sometimes life throws us a curve in the form of a child with special needs. And when that happens, the best gift we can give them, beyond our love and care, is a future securely planned to meet their individual needs.

Mercy On the Decider

“I want to throw my mercy on the court.” Twice from the bench I’ve heard a defendant say that. The first time, my initial thought was, “What a great start to a heroic couplet!” It’s iambic: “I WANT to THROW my MER-cy ON the COURT.” I did not have a good line ready with which to respond.

Cannabis Oil Bill Could Lead to More ‘Evil Weed’ Wins

Logan and Stacie Mathes were on "pins and needles" as they waited for Gov. Bill Haslam to sign legislation into law allowing cannabis oil to be used to treat seizures and similar medical problems in Tennessee.

STATEWIDE

Legislative Speakers Disavow 'Mandate' for Tennessee Security Group

NASHVILLE, Tenn. (AP) – A private group called the Tennessee Task Force on National and Homeland Security is marketing itself with an official-looking logo and a claimed "mandate" from state lawmakers. But legislative leaders say the group has no official endorsement from the General Assembly.

NATIONAL BUSINESS

Survey: Hiring By US Businesses Slows Sharply in April

WASHINGTON (AP) – U.S. companies hired in April at the slowest pace in nearly a year and a half, a private survey found, as the strong dollar dragged down overseas sales and energy companies cut back on spending in the face of lower oil prices.

NATIONAL GOVERNMENT

Report: 1,580 IRS Workers Evaded Taxes Over 10-Year Period

WASHINGTON (AP) – Nearly 1,600 IRS workers were found to have willfully evaded taxes over a 10-year period, including some who were responsible for enforcing the nation's tax laws, a government watchdog said Wednesday.

Treasury to Expand Government Checking Account

WASHINGTON (AP) – The federal government, concerned about possible financial market disruptions from events such as cyberattacks, has decided to more than double the amount of money it keeps in its checking account.

Fed Chair Yellen Says Stock Market Prices 'Quite High'

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen on Wednesday described stock market valuations as high and said the central bank was carefully monitoring their impact on financial stability.

TECHNOLOGY

Study: Top Tech Firms Bypassing Asian Workers for Executive Jobs

SAN FRANCISCO (AP) – Google, Yahoo and other major technology companies are far more inclined to hire Asians as computer programmers than to promote them to become managers or executives, according to a study released Wednesday.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 31 327 17,870
MORTGAGES 49 409 20,835
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 129 800 36,616
BANKRUPTCIES 51 243 11,925
BUSINESS LICENSES 21 117 5,677
UTILITY CONNECTIONS 41 215 12,248
MARRIAGE LICENSES 29 121 4,478

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