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VOL. 127 | NO. 122 | Friday, June 22, 2012

Delta Announces Additional August Cuts

Delta Air Lines will mark the one-year anniversary of its cuts to service at Memphis International Airport by cutting additional service at its Memphis hub.

‘Unique Setting’

Bass Pro Shops gives first glimpse of retail store inside The Pyramid

Bass Pro Shops executives and city leaders marked the beginning of Bass Pro Shops construction inside The Pyramid Thursday, June 21, with a fish fry in the iconic Downtown landmark before the Bass Pro Shops Outdoor World begins to take shape.

FedEx Cost Reduction Gains Attention

A few minutes into this week’s earnings conference call with analysts, FedEx Corp. founder and CEO Fred Smith used three words that came to define much of the rest of the nearly hour-long conversation – “cost reduction program.”

Aren Buys SE Memphis Warehouse For $1.3M

Trane U.S. Inc. has sold its parts distribution center in Southeast Memphis for $1.3 million.

Metal Museum Kicks Into Busy Season

The start of summer is a busy time of year for the Metal Museum, 374 Metal Museum Drive, which has bragging rights to some of the Bluff City’s most magnificent views of the Mississippi River.

Local Weather
Currently
Memphis, TN
30.0°F
Fair
Wind: Calm mph
Humidity: 75%

EVENTS

Black Business Association of Memphis will meet Friday, June 22, at 9 a.m. at BBA, 555 Beale St. Andre Fowlkes of Launch Your City will speak. Visit bbamemphis.com or email info@bbamemphis.com.

more events »

Dunavant Development Buys Bartlett Logistics Portfolio

Dunavant Development Co. has reached a deal to buy Bartlett Logistics, a 515,000-square-foot multi-tenant flex portfolio consisting of Bartlett Logistics Park, at 8370-8500 Wolf Lake Blvd., and Stage Hills Industrial Park, 3080-3150 Stage Post Road. Dunavant bought the property from CMLT 2008-LS1 Wolf Lake Drive LLC (LNR Partners).

MEMPHIS STANDOUT

Tech-Savvy Jostes Helps Grow Small Businesses

To Liz Jostes, a social media and small-business consultant, now is a great time to be a small-business owner.

LOCAL COLUMNISTS

Eggs And Elmo Take Me Back

PERFECT REMINDERS. I’m reminded. He stared at the target, and on this particular night it seemed larger than ever. He got his signal – same as before – bring the heat. As soon as he let it go, he knew that’s the best I got. Nobody’s touching it.

Memphis Acts While Others Dream

While headlines focus on a growing division of democrats versus republicans and business versus government, Memphis is proving that a shared vision for a positive future unites a city – and its nonprofits – across stereotypical divides.

REGIONAL

$4.3M Expansion About Complete at Elvis Museum

TUPELO, Miss. (AP) – The Elvis Presley Birthplace and Museum in Tupelo is planning for an August completion of a $4.3 million expansion.

NATIONAL BUSINESS

Weak US Job Market Weighing on Broader Economy

WASHINGTON (AP) – The sluggish job market is weighing on the U.S. economy three years after the Great Recession ended. And the signs suggest hiring may not strengthen any time soon.

Nucor Completes $605M Deal for Skyline Steel

CHARLOTTE, N.C. (AP) – Steel recycler Nucor Corp. said Thursday that it completed its $605 million acquisition of a steel distribution unit of ArcelorMittal, expanding its reach in the North American construction industry.

NATIONAL GOVERNMENT

Commerce Secretary Resigns Following Seizure

WASHINGTON (AP) – Commerce Secretary John Bryson said Thursday he is resigning from the Obama administration after suffering a seizure earlier this month in the Los Angeles area.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 128 183 20,949
MORTGAGES 130 174 24,535
FORECLOSURE NOTICES 4 27 8,637
BUILDING PERMITS 163 359 42,696
BANKRUPTCIES 61 116 14,018
BUSINESS LICENSES 24 46 6,447
UTILITY CONNECTIONS 29 85 13,596
MARRIAGE LICENSES 24 47 5,116

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