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VOL. 130 | NO. 118 | Thursday, June 18, 2015

Tennessee Unemployment Rate Drops in May for Fourth Straight Month

The Tennessee unemployment rate inched in the right direction in May but remained slightly above the national unemployment rate, according to the Tennessee Department of Labor and Workforce Development.

Canoes, Kayaks Line Up for Outdoors Inc.'s Memphis Race

Mike Herbert, a Pan American Games gold medalist in kayak racing, will be the first to say that you just don’t know who you might meet on the water. All kinds of people step into a canoe or a kayak and get hooked.

Grizzlies' Jeff Green Exercises Player Option for 2015-16

Forward Jeff Green, whom the Grizzlies acquired from the Boston Celtics in the middle of last season, will return to the team for the 2015-16 season after exercising a $9.2 million player option.

Lyft Approved to Operate Ride-Sharing Service at Memphis Airport

The Memphis-Shelby County Airport Authority has reached an agreement with ride-sharing service Lyft that allows the company to immediately begin operations at Memphis International Airport.

Feds Charge Joe Armstrong With Fraud, Tax Evasion

NASHVILLE, Tenn. (AP) – Democratic state Rep. Joe Armstrong of Knoxville has been indicted on federal fraud and tax evasion charges connected to an increase in the state's cigarette tax in 2007.

Local Weather
Memphis, TN
Wind: from the Southwest at 12.7 gusting to 19.6 mph
Humidity: 88%


National Black MBA Association, Memphis chapter will host an entrepreneur session Thursday, June 18, from 6:10 p.m. to 7:25 p.m. at International Paper headquarters, tower 3, 6420 Poplar Ave. The Service Corps of Retired Executives (SCORE) will discuss basics of entrepreneurship and successful business ownership. Guests welcome. Visit nbmbaamemphis.org.

more events »

Dayco Awarded Tax Incentive for Memphis Warehouse

A Michigan-based manufacturer of belts and other items for the automotive, industrial and aftermarket sectors has been awarded a tax break to open a national distribution center in Memphis.

FedEx Earnings Miss Wall Street Expectations

FedEx Corp., hit by unfavorable currency exchange rates, lower fuel surcharges and special charges, reported lower-than-expected revenue and profits for the fiscal fourth quarter.

Methodist Healthcare Launches Online Patient Scheduling

As part of an ongoing push to improve the patient experience and increase overall transparency, Methodist Healthcare has introduced a new service that lets patients more seamlessly access its physicians, via online scheduling.

Memphis City Council’s Distrust of Wharton Boils to Surface

If it wasn’t obvious in five previous budget seasons, Memphis City Council members made the point clearer Tuesday, June 16, just before they delayed final city budget votes for another week.

Nike Vendor Files Two Permits Totaling $8.5 Million

Elk Grove, Ill.-based Wynright Corp. applied for two building permits – one for $7.2 million and another for $1.3 million – for work on Nike’s $301 million expansion at 3100 New Frayser Blvd.


Managing an Inherited IRA

Ray’s take: I remember when the original law went into effect creating IRAs. It was a short read. Now it’s a monster with more options, opportunities, and risks than anyone ever imagined. Here are a few of the most common mistakes made with inherited IRAs:

Tennessee State Employees Slighted by 'Voluntary' Buyout

More and more, Tennessee’s state employees are feeling the same harsh realities of those working – or formerly working – in corporate America.

Farewell Again, Charlie

This column originally ran March 3, 2000, following Charles Schulz's death Feb. 12, 2000. We’ve been saying goodbye to the creator of “Peanuts.” Others, especially columnists and cartoonists, have likewise been saying farewell.


'Highway for Heroes' Program Launched in Tennessee

NASHVILLE, Tenn. (AP) – State officials say a new program will help veterans and active military members find jobs as truck drivers.


Haslam Strikes Defiant Tone Toward Critics of Gas Tax Hike

SHELBYVILLE, Tenn. (AP) – Gov. Bill Haslam has a defiant message for groups lining up to oppose him on efforts to raise Tennessee's gas tax for the first time in 25 years: "Have at it."

Office That Defends Death Row Inmates Pulls Out of Lawsuit

NASHVILLE, Tenn. (AP) – A state agency that defends death row inmates has pulled out of a lawsuit challenging Tennessee's methods of execution.


CVS Health Launches Health, Beauty Makeover for Drugstores

CVS drugstores that quit tobacco sales last year are now getting health and beauty makeovers and a shot of ethnic diversity in some cases to attract customers who want more than a prescription refill.

AT&T Hit With $100 Million Fine for 'Unlimited' Data Plans

WASHINGTON (AP) – AT&T Mobility LLC has been slapped with a record $100 million fine for offering consumers "unlimited" data, but then slowing their Internet speeds after they reached a certain amount.


Fed Sees Stronger Economy, Leaves Key Rate at Record Low

WASHINGTON (AP) – The U.S. economy has strengthened since a slump early this year, the Federal Reserve said Wednesday, but it wants to see further gains in the job market and higher inflation before raising interest rates from record lows.

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PROPERTY SALES 78 78 13,921
MORTGAGES 93 93 16,098
BUILDING PERMITS 242 242 28,995
BANKRUPTCIES 59 59 8,985

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