» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 127 | NO. 119 | Tuesday, June 19, 2012

FedEx Reports Earnings Increase, Says Costs Will Rise

Memphis-based FedEx Corp. on Tuesday, June 19, reported earnings of $1.99 per diluted share for the quarter ended May 31, up 24 cents a share from a year ago.

Video Debut

Investment firm Duncan-Williams goes viral

If someone turns on the camera inside a typical investment firm and uploads the recorded product to YouTube, viewers are likely to see such humdrum happenings as trades being processed, calls being answered and clients asking questions. In other words, definitely not the stuff viral videos are made of.

Council Considers Sales Tax Increase

At their first meeting since approving a city budget and city tax rate for the fiscal year that starts next month, Memphis City Council members have a full agenda Tuesday, June 19. It includes three proposed city charter changes for the Nov. 6 election ballot and lots of land use resolutions.

Harahan Project Wins $15 Million TIGER Grant

Federal transportation officials have awarded a $15 million grant to help create a pedestrian and bicycle boardwalk along the Harahan Rail Bridge across the Mississippi River.

Countywide School Board To Discuss Future Supt.

When countywide school board members resume a still-preliminary discussion Tuesday, June 19, about who should be superintendent of the merged public school system to come, they will have another opinion to consider.

Local Weather
Currently
Memphis, TN
78.0°F
Mostly Cloudy
Wind: South at 9.2 mph
Humidity: 76%

EVENTS

The Shelby County Board of Education will hold a work session Tuesday, June 19, at 5:30 p.m. at the Memphis City Schools Teaching & Learning Academy, 2485 Union Ave. The session will be followed by a meeting to discuss the employment contracts of Dr. Kriner Cash and John Aitken.

more events »

Fair Expands One Source With New Broker, Listings

For 15 years, One Source Commercial Inc. has been comprised of one agent: its founder, Rosemarie Fair.

Goldin’s Footnote Heard ’Round Shelby County

For many on the Shelby County Commission, last week’s 10-page ruling by Chancellor Arnold Goldin on the new structure of the commission came down to a 25-word footnote in the ruling.

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet Tuesday, June 19, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.

REAL ESTATE RECAP

City Files $12 Million Permit App To Build Overton Square Garage

2100 Monroe Ave., Memphis, TN 38104 -
The city of Memphis has filed a $12 million building permit application with the city-county Office of Construction Code Enforcement for the three-story Overton Square parking garage being built in conjunction with Loeb Properties Inc.’s revitalization of the square.

LOCAL COLUMNISTS

A Sobering Opportunity

Last week we spotlighted Donor Fest 2012 and Lifeblood, our region’s only full-service, nonprofit blood donation center, supplying more than 100,000 units for local patient transfusions each year. This week let us turn our attention to a local nonprofit creating sober living, transitional housing centers for people who are new in recovery: MidSouth Sober Living.

Prevent Petty Crime by Taking Precaution

You just finished a nice dinner in Memphis and step outside of the restaurant headed to your car. As you get closer, you notice glass around your car. On further review, it’s your own car window that’s been broken out and something valuable has been taken.

STATE GOVERNMENT

18 People Applying for Top Regulatory Position

NASHVILLE (AP) – Interviews are starting for some of the 18 people who are seeking to become the first executive director of the Tennessee Regulatory Authority, which oversees utilities in the state.

NATIONAL BUSINESS

Oil Price Falls Near $83 on Europe Concerns

NEW YORK (AP) – The price of oil fell Monday as investors' worries about Europe shifted to Spain.

NATIONAL GOVERNMENT

Feds Expand Toyota Fire Probe to 1.4M Autos

DETROIT (AP) – The government has expanded an investigation into fires that can start in the doors of several Toyota models, adding 600,000 Camrys and other vehicles to the probe.

REAL ESTATE

US Builder Confidence Ticks up to 5-Year High

WASHINGTON (AP) — Confidence among U.S. builders ticked up this month to a five-year high, an indication that the housing market is slowly improving.

HEALTH CARE

A Welcome Let-Up in Health Costs That May Not Last

WASHINGTON (AP) – Is it too good to be true?

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 95 253 13,695
MORTGAGES 96 261 15,827
FORECLOSURE NOTICES 0 21 2,160
BUILDING PERMITS 0 250 28,008
BANKRUPTCIES 52 173 8,823
BUSINESS LICENSES 31 85 4,650
UTILITY CONNECTIONS 0 60 5,453
MARRIAGE LICENSES 9 57 2,951

Weekly Edition

Issues | About

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