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VOL. 131 | NO. 124 | Wednesday, June 22, 2016

FedEx Posts $70 Million Loss, Gives Tepid Outlook

DALLAS (AP) FedEx Corp. lost $70 million in the latest quarter because of large pension and acquisition items, and the delivery giant gave a cautious outlook for the next 12 months.

SCS Board Closes Northside High Immediately

Northside High School has graduated its last class.

Regional One Health Continues Building Out New East Campus

One of the first indications that Regional One Health’s 50,000-square-foot East Campus does things a little differently is the digital map near the nurse’s station with rooms lit up in different colors and names moving around the image.

Shelby County Budget Delay Centers on $3.5 Million for Schools

Most of the declarations Monday, June 20, before the Shelby County Commission delayed final votes on local schools funding to next week came from the audience.

Last Word: Farewell Northside, Roland's Stand and Wayne Jackson

Northside High School is no more. The Klondike-Smoky City institution graduated its last class last month.

Local Weather
Currently
Memphis, TN
45.0°F
A Few Clouds
Wind: Northwest at 13.8 mph
Humidity: 61%

EVENTS

The Booksellers at Laurelwood will host Susan Branch, author of “Martha’s Vineyard – Isle of Dreams,” for a discussion and book signing Wednesday, June 22, at 6:30 p.m. at the bookstore, 387 Perkins Road Extended. Line tickets are required to meet the author and are free with the purchase of the book. Visit thebooksellersatlaurelwood.com.

more events »

State Applies for $180 Million Lamar Avenue Federal Grant

The Lamar Avenue road project waiting for years to get started could be about to emerge from the planning stage to construction.

Airport Didn’t Help, But Didn’t Derail ServiceMaster

When ServiceMaster began its search for a new corporate headquarters nearly two years ago, it focused on Southern hub cities that could support a growing tech-focused company. In ranking Memphis alongside other cities, Memphis International Airport came up short.

Two of 'Three Gs' Surface Again in SCS-Germantown Talks

When Germantown and Shelby County Schools leaders got together in May to talk about a new annual lease for the use of ballfields in Germantown by SCS schools within Germantown, the talks returned to a familiar topic – the three Gs.

Greenprint Summit Gauges Community Support

It’s not easy being green. That is, until people begin to see projects like the Shelby Farms Greenline and Wolf River Greenway taking shape.

Memphis-Shelby County Major Violent Crime Rates Rise

The major violent crime rate for Memphis rose 7.5 percent by the end of May compared to the first five months of 2015 and the rate was 9.1 percent higher than a year ago countywide, according to statistics from Operation: Safe Community released Tuesday, June 21.

SPORTS

A Swing – and a Miss – is More Common in Baseball All the Time

It’s obvious when there are a lot children at AutoZone Park. Even the most harmless infield popup prompts a collective shriek and the hope of a home run.

MEMPHIS NEWSMAKERS

Cox to Lead Asset Management at Lehman-Roberts

Matt Cox has been promoted to director of asset management at Lehman-Roberts Co. Cox most recently served as total process reliability coordinator for three years. In his new role, he is responsible for the full lifecycle of all construction equipment supplied to Lehman-Roberts’ operations divisions, including acquiring equipment, maintaining nearly 600 pieces of rolling stock and disposing of equipment as necessary.

LOCAL COLUMNISTS

Is There Room for ‘Fair’ at Work?

One of the worst things that can happen to any employee is to find out they aren’t being treated the same as their co-workers. We’ve all been there. Perhaps you didn’t realize the person who sits next to you gets a week more of vacation. Or, maybe they have special permission to leave early every day. Or, they make more money than you do. Perhaps their mobile phone is paid for.

The Science Behind Viral Content

The study of content popularity dates back to Aristotle in 350 B.C., who was curious about what makes for a persuasive, memorable speech that would ensure his message was passed from person to person. His conclusion was ethos, pathos and logos – meaning content should have an ethical, emotional and logical appeal. Modern studies indicate this initial thinking is still relevant today.

Evolution of Memphis’ Startup Ecosystem

In 2014, Start Co. partnered with Jumpstart America, a venture development organization from Cleveland, Ohio, that has created a decades-long legacy of entrepreneurship in communities like ours.

STATEWIDE

UAW Says Volkswagen Reneged on Deal to Recognize Union

NASHVILLE, Tenn. (AP) – A signed agreement shows that Volkswagen officials reneged on a pledge to recognize the United Auto Workers without another vote at the German automaker's lone U.S. plant in Tennessee, a top union official said Tuesday.

Chancellor Resigning at University of Tennessee in Knoxville

KNOXVILLE, Tenn. (AP) Jimmy Cheek, the chancellor of the University of Tennessee in Knoxville, is resigning to rejoin the faculty.

Report: More Than a Quarter of Tennessee Children in Poverty

NASHVILLE, Tenn. (AP) – The Annual Kids Count report on Tennessee says more than a quarter of the state's children live in poverty and worsening economic conditions explain why child well-being in the Volunteer State has dropped from 36 to 38.

NATIONAL GOVERNMENT

White House Clears Small, Commercial Drones for Takeoff

WASHINGTON (AP) – Routine use of small drones by real estate agents, farmers, filmmakers and countless other commercial operators was cleared for takeoff by the Obama administration Tuesday, after years of struggling to write rules that would both protect public safety and free the benefits of a new technology.

ECONOMY

Yellen Says Uncertainties Justify Cautious Approach

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said Tuesday that the U.S. economy faces a number of uncertainties that require the Fed to proceed cautiously in raising interest rates.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 55 55 20,821
MORTGAGES 44 44 24,405
FORECLOSURE NOTICES 23 23 8,633
BUILDING PERMITS 196 196 42,533
BANKRUPTCIES 55 55 13,957
BUSINESS LICENSES 22 22 6,423
UTILITY CONNECTIONS 56 56 13,567
MARRIAGE LICENSES 23 23 5,092

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