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VOL. 130 | NO. 125 | Monday, June 29, 2015

FedEx Seeks European Approval for TNT Express Acquisition

European Union regulators should rule on FedEx Corp.’s bid to acquire Dutch logistics firm TNT Express by Aug. 3.

Builders Start, Sell Fewer Memphis-Area Homes in May

Hampered by a severe lot shortage, homebuilding activity in Memphis and Shelby County slowed considerably in May, with builders starting and selling fewer new homes than last year.

First-Time Homebuyers Face Tough Market

The executive director of the Tennessee Housing Development Agency says the state’s housing finance agency is on pace to close 36 percent more loans in 2015 than it did last year.

React: Supreme Court’s Gay Marriage Ruling

A divided U.S. Supreme Court voted 5-4 that same-sex couples have a right to marry anywhere in the United States. Here is a roundup of local reaction to the landmark ruling.

Memphis Mayoral Election Heating Up As Strickland, Wharton Take Turns

Here come the yard signs.

Local Weather
Currently
Memphis, TN
67.0°F
Fair
Wind: from the West at 16.1 gusting to 21.9 mph
Humidity: 44%

EVENTS

Memphis Botanic Garden and World Forum Nature will celebrate International Mud Day Monday, June 29, from 10 a.m. to 4 p.m. at MBG, 750 Cherry Road. Make mud crafts, including a take-home planting, mud mask and mud paintings. Cost is $3 plus MBG admission. Visit memphisbotanicgarden.com.

more events »

SMALL BUSINESS

McGehee Animal Clinic Focuses on Close Family Connections

Dr. Norris McGehee always knew that he wanted to be a veterinarian. His father was an architect and his brothers went on to be engineers, but McGehee was attracted to a different family practice.

LOCAL COLUMNISTS

Culture Trumps Concepts

When many people hear the word “Innovation” they think of a service that created a category: Xerox or FedEx. Or, they think of one that made bold, brilliant moves to earn a leadership position in an emerging space: Google, Facebook, Uber and Airbnb.

Calculate How Long Your Savings Will Last

How long will your money last? What is your current and projected net worth?

STATE COURTS

Experts Say Untruthful Jurors Pose a Rare Hazard

NASHVILLE, Tenn. (AP) — Guilty verdicts in some of the nation's most high-profile criminal cases have been thrown out recently because of jurors who were not truthful. But despite the recent problems with jurors, legal experts say these cases are the exception.

STATEWIDE

Confederate Flags Removed From Chickamauga Battlefield Shops

CHATTANOOGA, Tenn. (AP) — Confederate flags have been removed from the shelves of the Chickamauga and Chattanooga National Military Park gift shops.

TECHNOLOGY

Audio Overkill? Some Question Benefits of 'High-Res' Music

LOS ANGELES (AP) — Its backers say it does for music lovers what ultra high-definition television has done for couch potatoes.

NATIONAL BUSINESS

New Chip Credit Cards Putting Squeeze on Small Businesses

NEW YORK (AP) — New credit and debit cards with computer chips are putting the squeeze on small businesses.

Mayweather-Pacquiao Boosts Casino Winnings Above $1B

LAS VEGAS (AP) — Huge crowds and high rollers in Las Vegas for the Floyd Mayweather-Manny Pacquiao fight helped Nevada casinos make more than $1 billion off gamblers in May.

Study: Couples Aren't Talking Enough About Retirement Plans

NEW YORK (AP) — Couples are worrying more about their retirement savings. Maybe they should start by figuring out how much they have saved in the first place.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 128 128 17,998
MORTGAGES 155 155 20,990
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 149 149 36,765
BANKRUPTCIES 60 60 11,985
BUSINESS LICENSES 19 19 5,696
UTILITY CONNECTIONS 49 49 12,297
MARRIAGE LICENSES 40 40 4,518

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