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VOL. 126 | NO. 118 | Friday, June 17, 2011

Future of DeWitt Spain Considered

As the Memphis-Shelby County Airport Authority began paying the first of the bills for protecting General DeWitt Spain Airport from flooding, several members of the airport board asked this week whether they should continue to operate the Frayser general aviation airport.

Emphasis on Education

Haslam signs new charter school bill, discusses education reform

The gross domestic product of manufacturing in Tennessee has risen by 25 percent in the last eight years and the number of Tennesseans employed in manufacturing is down 33 percent, Tennessee Gov. Bill Haslam noted this week during a visit to Memphis.

MED Board Approves Fiscal 2012 Operating Budget

The board governing The Regional Medical Center at Memphis has approved its fiscal year 2012 budget, including roughly $20 million in capital improvements.

DuBois Pioneer In Biz Media

When Barney DuBois helped spearhead the launch of the Memphis Business Journal in 1979, he had no way of knowing that his efforts would forever change the media landscape in the Mid-South.

Hacks Cross Center Sells For $1 Million

A shopping center in the Southeast submarket has traded hands. AAK Ventures LLC acquired the 10,500-square-foot Players Crossing Retail Center, 3285 Hacks Cross Road, from BancorpSouth for $1 million.

Econ. Development Fair Highlights MMBC Efforts

The Memphis Minority Business Council is prepping for its fourth annual Economic Development Fair, focusing on diversity, inclusion and supporting the growth of minority and women-owned businesses to serve the needs of major corporations.

Angelica Corp. and Americraft Win PILOTs

When Brian Lewandowski, vice president and general manager of Americraft Carton Inc., told local economic development officials Wednesday, June 15, that conditions might be favorable for his company to relocate its expanding Memphis operation – and that the depressed real estate market especially favors buyers right now – one official piped up.

From The TDN Blog: First Horizon ‘Needs to Do a Deal’

If a tree falls in the forest but no one hears it, of course we know it made a sound. Can the same be said when a group of investors and analysts gathered for a bank industry conference talk among themselves about how a certain Memphis banking company needs to hurry up and spend some money acquiring a competitor, even when that bank isn’t presenting anything at the conference?

Sharp Optimistic About Future of CRE

For more than 17 years, Mary Sharp has made a name for herself in the historically male-dominated industry of commercial real estate.

LOCAL COLUMNISTS

Will’s Wisdom

THE STILL-WISE WILL ROGERS. I share a sense of humor with Gene the stockbroker. I look forward to his emails. Funny is funny, and what Gene sends me is sometimes spit-out-your-coffee funny. I hasten to add they’re never about stock portfolios. They aren’t funny.

Business Plan Basics, Part One

Part one of a three-part series about the role of the business plan: an interview with Dr. Jan Young: One of the prerequisites for fundraising success is a fund development or fundraising plan that is tied to an organization’s strategic plan. While strategic planning has a long history within the nonprofit sector, some organizations are now choosing to work from a business plan.

STATEWIDE

Tenn. Unemployment Increases in May to 9.7 Percent

NASHVILLE (AP) – Tennessee's unemployment rate in May increased to 9.7 percent, up 0.1 percent from the April rate.

Vanderbilt to Coordinate National Consortium

NASHVILLE (AP) – Vanderbilt University Medical Center in Nashville has been awarded a $20 million federal grant to coordinate a national consortium that aims to advance biomedical research nationwide.

State Library has New Civil War Exhibit

NASHVILLE (AP) – The Tennessee State Library and Archives in Nashville has opened a new exhibit about the Civil War.

NATIONAL BUSINESS

Economy Gets Lift: Layoffs Ease, Home Building Up

WASHINGTON (AP) – Fewer Americans applied for unemployment benefits last week and builders broke ground on more homes in May. The latest data offered some hope that the economy may be improving after hitting a slump in late spring.

Kroger 1Q Profit, Revenue Jump; Raises Outlook

CINCINNATI (AP)Kroger Co. rang up double-digit jumps in first-quarter revenue and net income, as the grocery chain's fuel stations and loyalty discounts helped draw more frequent shoppers when gas and grocery prices rose.

Report: Facebook Users More Trusting, Engaged

NEW YORK (AP) – Facebook, it turns out, isn't just a waste of time. People who use it have more close friends, get more social support and report being more politically engaged than those who don't, according to a new national study on Americans and social networks.

BofA's Higher Penalty Rate to Take Effect Soon

Missing a credit card payment may soon be a lot more expensive. Customers at Bank of America should take note that starting next week, they could be subject to penalty rates as high as 29.99 percent if they're late with a payment.

Pandora Gains Point to Healthy Internet IPO Future

SAN FRANCISCO (AP) – Internet radio station Pandora Media's IPO struck the right chord with investors Wednesday despite the static in the overall stock market.

NATIONAL POLITICS

Current Account Deficit Increases in First Quarter

WASHINGTON (AP) – Americans bought more expensive foreign oil in the first three months of the year, increasing the deficit in the broadest measure of foreign trade.

REAL ESTATE

Builders Start More Homes but Pace Still Slow

WASHINGTON (AP) – U.S. builders broke ground on more new homes in May, but not enough to signal a recovery in the troubled housing market.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 270 19,843
MORTGAGES 141 311 23,225
FORECLOSURE NOTICES 35 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 74 196 13,300
BUSINESS LICENSES 25 48 6,185
UTILITY CONNECTIONS 40 125 13,120
MARRIAGE LICENSES 15 73 4,915

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