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VOL. 132 | NO. 109 | Thursday, June 1, 2017

Kellogg Closing Northeast Memphis Facility, Laying Off 172 Workers

Kellogg Co. is closing its northeast Memphis distribution facility and laying off 172 workers, part of a larger cost-cutting plan that will result in more than 1,000 layoffs nationwide.

Shelby County Schools Debates Funding Strategy for Budget

Shelby County Schools board members approved a two-year contract extension through the 2019-2020 school year for superintendent Dorsey Hopson Tuesday, May 30, with no debate or discussion and sent a combined $1.3 billion operating and capital budget proposal to the Shelby County Commission for approval.

Reading With Purpose

Memphis Reads looks to 'build community and break down walls'

Books inspire movies all the time. And sometimes, one reading program emerges from another. So it was that Memphis Reads grew out of Fresh Reads, an initiative at Christian Brothers University.

Crews Move To Smaller Areas, Storm Damage Estimates Grow

Memphis Light, Gas and Water Division’s response to the Saturday storm that knocked out power to 188,000 homes and businesses will cost the utility at least $7 million.

Last Word: Foote Homes Falls, Kellogg Layoffs and The SCS Ask

Once upon a time in South Memphis it could be difficult to tell where Foote Homes began and Cleaborn Homes ended or vice versa. The key to this was which side of Lauderdale you were looking at. The east side was Cleaborn and the west was Foote with Lauderdale as the dividing line.

Local Weather
Currently
Memphis, TN
48.0°F
A Few Clouds
Wind: Southwest at 3.5 mph
Humidity: 44%

EVENTS

Memphis Italian Festival 2017 will be held Thursday through Saturday, June 1-3, in Marquette Park (corner of Mount Moriah and Park Avenue). The celebration of all things Italian will feature full-course meals and picnic dinners, vendors, bocce and cornhole tournaments, live entertainment and more. Visit memphisitalianfestival.com for details.

more events »

City Council Weighs $7.3M Cut in Police Budget

Memphis City Council members will likely be discussing possible amendments to the city budget right up to the final June 6 votes on the budget and tax rate resolutions and ordinances.

Long-Awaited Demolition at Foote Homes Begins

Foote Homes, the last large public housing project in Memphis, began coming down Tuesday, May 30, with a formal ceremony marking the start of demolition toward the broader South City redevelopment.

Financial Federal Hits $500M in Assets

Financial Federal has hit a milestone in recent weeks – reaching $500 million in assets – that bank president William Tayloe said confirms the plan the bank is following to achieve organic growth is working.

REAL ESTATE RECAP

Flintco Files $25 Million Permit for ServiceMaster HQ

150 Peabody Place, Memphis, TN 38103 -
Contractor Flintco LLC has filed a $25 million building permit application for tenant infill at ServiceMaster’s new headquarters Downtown.

LOCAL COLUMNISTS

When Child Travelers Become Cynics

I remember it like it was yesterday, even though it actually was five years ago.

TENNESSEE LEGISLATURE

View From the Hill: GOP Points True North on State’s Moral Compass

It was billed as the start of the 2018 governor’s race, but the GOP’s Reagan Day Dinner in Murfreesboro last week often sounded more like a tent revival.

STATEWIDE

Volkswagen Staffing Agency Hiring 200 Workers in Tennessee

CHATTANOOGA, Tenn. (AP) – A staffing agency for the Volkswagen plant in Tennessee is holding job fair to hire more than 200 production workers at the factory.

Report on Response to Tennessee Wildfires Expected in July

KNOXVILLE, Tenn. (AP) – The National Park Service says it expects to release a review in mid- to late July of its response to a November wildfire in Great Smoky Mountains National Park that turned deadly.

REGIONAL NEWS

Mississippi College Board Faces Resistance Over Choice for JSU President

JACKSON, Miss. (AP) – Some Jackson State University alumni and faculty are fighting William Bynum's nomination to become the president of Mississippi's largest historically black university.

NATIONAL GOVERNMENT

Trump Expected to Leave Climate Deal – But With 'Caveats'

WASHINGTON (AP) – President Donald Trump is expected to withdraw the United States from a landmark global climate agreement, a White House official said Wednesday, though Trump and aides were looking for "caveats in the language" related to the exit and had not made a final decision.

US ECONOMY

Fed Survey Finds Tight Labor Markets, Rising Wages

WASHINGTON (AP) – The economy kept growing in April through late May, with more regions citing worker shortages across a widening range of occupations, the Federal Reserve reported Wednesday.

MEDIA

Pelley Out, Mason Temporarily In as CBS News Anchor

NEW YORK (AP) – CBS' effort to brand itself as the home of hard-edged newscasts has been a success in the morning, not so much in the evening – and "CBS Evening News" anchor Scott Pelley paid the price for it with his job.

CNN Sacks Kathy Griffin Over Trump Video as Backlash Builds

NEW YORK (AP) – Kathy Griffin has lost a decade-long gig ringing in the new year for CNN as a backlash builds over her video displaying a likeness of President Donald Trump's severed head.

FINANCIAL SERVICES

Fed Fines Deutsche Bank $41M Over Money Laundering Controls

WASHINGTON (AP) – The Federal Reserve has fined Germany's largest bank $41 million for failure to maintain controls against money laundering in its U.S. operations.

HEALTH CARE

Poll: GOP Health Bill a Far Cry From Trump Promises

WASHINGTON (AP) – President Donald Trump has called the House-passed health care bill a "great plan," but a new poll finds that 3 out of 4 people in the United States do not believe it fulfills most of his promises.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 82 82 19,655
MORTGAGES 75 75 22,989
FORECLOSURE NOTICES 7 7 8,311
BUILDING PERMITS 138 138 40,167
BANKRUPTCIES 72 72 13,176
BUSINESS LICENSES 9 9 6,146
UTILITY CONNECTIONS 52 52 13,048
MARRIAGE LICENSES 30 30 4,872

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