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VOL. 130 | NO. 119 | Friday, June 19, 2015

Wright, Tornier Shareholders Approve Merger Proposals

Wright Medical Group Inc.’s planned merger with Tornier N.V. is one step closer to completion.

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.

Garibaldi's Temptations Club Celebrates its 1980s Run

Mike Garibaldi is known for his Memphis restaurant chain, Garibaldi's Pizza.

Memphis Airport Authority OKs Incentives Program, Lyft Ride-Sharing Operations

The Memphis-Shelby County Airport Authority has reached an operating agreement with a popular ride-sharing service and retooled an incentive program designed to attract new air service.

Dayco Wins Tax Break For Distribution Operations

Michigan-based manufacturer Dayco Products Ltd. will consolidate its distribution operations in the Memphis area, but exactly where remains undecided.

Local Weather
Memphis, TN
Partly Cloudy
Wind: West at 4.6 mph
Humidity: 94%


Memphis Juneteenth Urban Music Festival will be held Friday, June 19, through Sunday, June 21, in Robert R. Church Park, at Beale and South Fourth streets. The festival will feature live music, car show, kids zone and more. Admission is free. Visit memphisjuneteenth.com for a schedule.

more events »

Celtic Crossing Updates Look, Goes Smoke-Free

It’s been a decade since the sign above the front doors at Celtic Crossing – which reads “Cead mile failte,” a Gaellic phrase that means “a hundred thousand welcomes” – greeted the first visitors to the Irish pub in Midtown.


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.

Every Year’s Different, and 2015 Belongs to Golden State Warriors

It went six games, Golden State winning 105-97 in Cleveland to give the Warriors their first NBA championship in 40 years, Andre Iguodala winning the series MVP, and LeBron James saying he didn’t know if this loss hurt more than his three others in the NBA Finals.

Taking Their Hacks? FBI Investigates Cardinals in Breach of Astros’ Database

One funny man posted a picture of former St. Louis Cardinals pitcher Luther Hackman, deeming him a “person of interest.”


The Irish in Us

BOOM. HERE’S TO THE IRISH. Recently, Ireland became the first country in the world to legalize same-sex marriage by popular vote. Ireland. Stereotypically, a country where conservative is a matter of degree not choice, where killing each other over religion isn’t current news but DNA, where progress is measured in pints.

The Invisible Safety Net

This week, the Internet is buzzing about the struggles of Gap Inc. and Lucky Magazine. Gap announced it will lay off 250 workers and close 175 stores. From the outside, Lucky appears to be going out of business or reducing operations considerably. At Lucky, there are rumors claiming many people were laid off without any severance. I received an email from a reader about just this issue, and what workers can do to prepare.


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.

Garrett, Himes Named Co-Legal Directors of State Legislature

NASHVILLE, Tenn. (AP) – The Tennessee General Assembly has named two new directors of legal affairs following the retirement of attorney Joe Barnes.

Regents' Finance Panel Recommends Minimal Tuition Hikes

COLUMBIA, Tenn. (AP) – The finance committee of the Tennessee Board of Regents is recommending tuition increases at the state's colleges and universities that are among the lowest on average in nearly 20 years.


Kroger First-Quarter Earnings Rise, Top Expectations

CINCINNATI (AP) – Kroger's fiscal first-quarter profit rose, free of some pension-related charges that weighed it down last year.


FCC to Phone Companies: You Can Stop Unwanted Robocalls

WASHINGTON (AP) – Tired of automated phone calls urging you to vote for a certain candidate or pitching you a cruise vacation? You can now tell your phone company that federal regulators say it's OK to block them.

Current Account Trade Deficit Widens to $113.3 Billion

WASHINGTON (AP) – The deficit in the broadest measure of U.S. trade increased in the January-March quarter to the highest level since the spring of 2012 as American exports declined.

Why Isn't Stolen Data on Federal Employees for Sale?

WASHINGTON (AP) – The Obama administration is increasingly confident that China's government, not criminal hackers, was responsible for the extraordinary theft of personal information about as many as 14 million current and former federal employees and others, The Associated Press has learned. One sign: None of the data has been credibly offered for sale on underground markets popular among professional identity thieves.

House Votes to Kill Health Care Law's Medical Device Tax

WASHINGTON (AP) – The House defied a White House veto threat and voted Thursday to abolish a tax on medical device makers as a group of Democrats uncharacteristically joined Republicans in moving to kill part of President Barack Obama's health care law.

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PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926

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