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VOL. 127 | NO. 107 | Friday, June 1, 2012

Int'l Paper Selling 3 Mills for $470 Million

MEMPHIS (AP)International Paper Co. said Friday that it is selling three mills for about $470 million, a sale required by the U.S. Department of Justice after International Paper's acquisition of a rival.

Special Effect

Silicone Arts Laboratories’ new product goes mass-market

Earlier in Matt Singer’s career, he used the special effects wizardry of Hollywood to entertain.

Dog Park at Heart of Overton Park Changes

Overton Park Conservancy leaders formally open a dog park Saturday, June 2, with a corporate sponsor paying for the undertaking, a new executive director on the job for about a month and plenty of maintenance work under way in other parts of the Midtown park.

Colliers Duo Has Stellar Start to ’12

Colliers International’s industrial team of Andy Cates and Preston Thomas has closed on 34 transactions (sales and leases) to date in 2012. Here’s a rundown of some of the team’s most recent industrial transactions:

Schools Group Lists "Bloody" Options To Close Funding Gap

The group planning out a consolidated countywide school system found a way to balance the budget of the school system to come.

Local Weather
Currently
Memphis, TN
85.0°F
A Few Clouds
Wind: East at 5.8 mph
Humidity: 57%

EVENTS

Memphis Italian Festival will continue through Sunday, June 2, at Marquette Park at the corner of Mt. Moriah Road and Park Avenue. Visit memphisitalianfestival.com for hours and ticket prices.

more events »

Xpedx, Distribution at Heart of IP’s Future

International Paper Co. executives spent more than four hours last week talking with investors and analysts about the Memphis-based company’s near-term potential and future.

New Efforts Target Youth Gun Violence

When someone is shot and wounded in South Memphis, a team of Memphis Police officers will go to the shooting victim in the hospital and his or her friends and family as another team of officers investigates the crimes itself.

MEMPHIS STANDOUT

Sister Spencer Instrumental In Youth Villages’ Success

Sister Barbara Spencer has been changing children’s lives for decades.

LOCAL COLUMNISTS

Everything’s Possible, Even a 58

WHAT THESE GUYS DO ISN’T PROFESSIONAL. IT’S IMPOSSIBLE. The other day, I played in a golf scramble – a format where four players hit every shot, pick the best, and turn in one score at the end. And we had two mulligans each (do-overs) and a toss (a throw yourself out of trouble when you’ve just hit a shot so nauseating you want to toss). We played well, making putts and clutch shots, using our mulligans and tosses wisely, and turning in a score two or three strokes better than we thought ourselves capable of – 62, 10 under par.

Teachers: Leaders In Inspiration

It’s an unusual person who can reflect on the life-changing events in their past and not think of a teacher.

Grassroots Approach Takes Right Mindset, Skill Set

Part two of a three-part series Fundraising for grassroots organizations requires just as much skill, talent and planning as fundraising for other types of organizations. We asked Jennifer Emiko Boyden of the Grassroots Institute for Fundraising Training (GIFT) about the skills required of executive directors and development directors and fundraising planning.

NATIONAL BUSINESS

US Economy Appears Weaker Ahead of Jobs Report

WASHINGTON (AP) – The U.S. economy is looking slightly weaker one day before a critical report on May job growth.

US Filings for Unemployment Aid at a 5-Week High

WASHINGTON (AP) – The number of Americans seeking unemployment benefits rose last week to a five-week high, evidence that the job market remains sluggish.

Will Shoppers' Increased Spending in May Last?

NEW YORK (AP) – Americans loosened their purse strings in May, but it may have been a temporary splurge.

REAL ESTATE

US 30-Year Mortgage Rate Falls to Record 3.75 Pct.

WASHINGTON (AP) – Average U.S. rates on 30-year and 15-year fixed mortgages dropped to record lows again this week, with the 15-year loan dipping below 3 percent for the first time ever.

US Sales of Foreclosure Homes Rose in Q1

LOS ANGELES (AP) – Homes in some stage of the foreclosure process saw their share of overall U.S. home sales grow in the first quarter even as sales of bank-owned homes fell.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 312 16,192
MORTGAGES 0 293 18,685
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 655 33,126
BANKRUPTCIES 0 237 10,737
BUSINESS LICENSES 0 112 5,198
UTILITY CONNECTIONS 0 127 11,344
MARRIAGE LICENSES 0 94 3,867

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