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VOL. 130 | NO. 122 | Wednesday, June 24, 2015

Ballet Memphis Turns to Overton Square

Scratch those plans for a new Hotel Overton where the French Quarter Inn now sits in Overton Square.

100 N. Main Keeps Power On for Another Month

The head of the Downtown Memphis Commission says the skyscraper at 100 N. Main St. suffers from “weak” ownership and that the building would probably be better off with a new, deep-pocketed owner.

Baptist Health Care, Church Health Center Launch Residency Program

Baptist Memorial Health Care and the Church Health Center have teamed up to launch a new family medicine residency that involves recruiting a group of residents in waves, with the first batch starting work next summer.

CBU's 'New Vision’

Christian Brothers University launches $70 million capital campaign focused on community

As Kenrick Hall on the campus of Christian Brothers University has been prepped for demolition, leaders of the university have been preparing for what follows when the 1940s-era classroom building is gone.

Pinnacle Financial Partners Adds to Memphis Team

The team launching Nashville-based Pinnacle Financial Partners’ expansion into the Memphis market is getting bigger.

Local Weather
Currently
Memphis, TN
54.0°F
Overcast
Wind: Southwest at 11.5 mph
Humidity: 40%

EVENTS

Sales and Marketing Society of the Mid-South will hold a roundtable discussion with Jeff Schultz, senior vice president of sales with APG Office Furnishings, Thursday, June 25, from 7:15 a.m. to 8:30 a.m. at Chickasaw Country Club, 3395 Galloway Ave. The topic is “The Customer Buying Process.” Cost is $10 for members and $15 for nonmembers. Visit sms-midsouth.org.

more events »

Graceland Hotel Developers File $84 Million Construction Loan

The developers behind a massive hotel near Graceland are ready to shake, rattle and roll on the project.

Memphis City Council Approves Pay Raises, Stable Property Tax Rate

Memphis City Council members put City Hall’s budget season to rest Tuesday, June 23, with approval of a $656.5 million city operating budget that includes 2 percent pay raises for city police and firefighters and a 1 percent pay raise for all other city employees starting in January.

OneJet Lands in Memphis, Thanks in Part to FedEx

Mid-South business travelers now have an easy, efficient way to reach several large Midwestern markets.

HopeWorks Workshop Aims to Help Memphis Employers Reduce Entry-Level Job Turnover

Different experiences, different vocabularies, and a different perspective on what it means to go to work each day. The difference, really, between a “job” and a “career.”

Collierville Aldermen Approve 25-Cent Property Tax Hike for New School

The Collierville Board of Mayor and Aldermen approved Monday, June 22, a 25-cent property tax hike to partially finance construction of a new, $99 million Collierville High School.

County Commission Takes Long Way to Budget Approval

In the space of five hours Monday, June 22, Shelby County Commissioners voted down an operating budget, a capital budget and an attempt at a continuation budget to keep spending at the same levels past July 1 and into the new fiscal year.

NEWSMAKERS

Simmons Joins Cushman & Wakefield/Commercial Advisors

Mary Leesa Simmons has joined Cushman & Wakefield/Commercial Advisors as vice president – senior asset manager. In her new role, Simmons provides all aspects of property management duties for the firm’s clients.

LOCAL COLUMNISTS

Who Donates The Most? Individuals!

The numbers are in: Americans gave an estimated $358.38 billion to charity in 2014. That’s 7.1 percent over 2013, and the fifth year in a row that giving increased. Individuals – that’s you and me – continue to give an estimated 90 percent of all gifts.

Money & Markets Around the World

On central bank policy: At an early press conference, Janet Yellen quipped that the U.S. Fed might initiate rate hikes six months after QE, corresponding with March of 2015. She has been backpedaling ever since.

Men’s Silence Leads to Abuse

As one of Shelby County’s eight Judicial Commissioners, I must decide whether or not a person should have an order of protection against another person. Our office reviews and makes decisions on thousands of petitions every year in an effort to provide abuse victims legal protection from their abuser. Although we rarely know the outcome of individual cases, we are all keenly aware that an order of protection is an important and powerful tool for helping victims escape abusive situations.

STATE GOVERNMENT

TN Lawmakers Call For Removal of KKK Leader's Bust

In the wake of a massacre at a black church in Charleston, South Carolina, a bipartisan mix of officials across Southern states are calling for the removal of Confederate flags and other symbols of the Confederacy.

STATEWIDE

Spanish Auto Parts Maker Gestamp Expanding in Chattanooga

CHATTANOOGA, Tenn. (AP) — Spanish auto parts maker Gestamp is expanding operations in Chattanooga with a $180 million investment the company says will triple its capacity in the city and create 550 new jobs.

UBS Adding New Office in Nashville Area

NASHVILLE, Tenn. (AP) — State officials say financial services company UBS is investing $11 million in a new office in Williamson County, adding 350 jobs in the next several years.

TBI Releases Tennessee School Crime Study

NASHVILLE, Tenn. (AP) — The Tennessee Bureau of Investigation has released a study on school crime in the state.

NATIONAL GOVERNMENT

Trade Bill Clears Senate Hurdle, At Brink of Final Passage

WASHINGTON (AP) — The Senate pushed bipartisan trade legislation to the brink of final approval Tuesday in a combined effort by President Barack Obama and Republican congressional leaders to rescue a measure that appeared all but dead less than two weeks ago.

NATIONAL BUSINESS

As It Closes AOL Deal, Verizon Teases New Video Services

NEW YORK (AP) — Verizon is launching a mobile video service this summer that would show sports, concerts and other types of content.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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