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VOL. 130 | NO. 107 | Wednesday, June 3, 2015

Connexion Point to Hire Nearly 400 in Memphis

A technology-driven health care services company is opening a Memphis office that will employ nearly 400 people over the next few months.

St. Jude Launches National Walk/Run to End Childhood Cancer

St. Jude Children’s Research Hospital is launching a new, national event to coincide with Childhood Cancer Awareness Month in September.

Global Pharma Distributor to Open in Olive Branch

A global pharmaceutical sourcing and distribution company is opening a $48 million distribution center in Olive Branch.

Germantown Rising

Thornwood embraces Germantown’s Smart Growth guidelines

In 2005, the city of Germantown approved its “Vision 2020” plan, which laid out the suburb’s goals for future development and growth. In 2007, Germantown adopted its Smart Growth development plan and zoning regulations.

100 N. Main Owner Still Owes MLGW

The owner of the city’s tallest office building still has not paid the Memphis Light, Gas and Water Division bill on the property, and an official with the publicly owned utility said the two sides remain engaged in talks.

YMCA of Memphis Buys Downtown Facility for $2.9 Million

The YMCA of Memphis & the Mid-South has purchased the Fogelman Downtown YMCA for $2.9 million, according to public records.

City Court Clerk Thomas Long Won't Seek Re-Election

Thomas Long lost several times before he finally won elected office in 1995 as City Court Clerk.

David Lusk Gallery Relocates to Flicker Street for Now

Change, milestones, new beginnings – they’re all on the mind of David Lusk at the moment, now that he’s wound things down at his gallery’s longtime home in the Laurelwood Shopping Center to undertake a relocation.

County Commission Tax-Rate Debate Picks Up Volume

Shelby County Commissioners hit a big political divide Monday, June 1, and as a result will discuss in two weeks that most volatile of political topics – the property tax rate.

NEWSMAKERS

Salomon Joins Harkavy Shainberg

Jason D. Salomon, one of the 25 lawyers in Tennessee certified as an estate planning specialist, has joined Harkavy Shainberg Kaplan & Dunstan PLC as a member of the firm.

LOCAL COLUMNISTS

Align Sales and Marketing to Grow Revenue

Teamwork. Every highly successful team gets just how important it is to propelling an organization forward. When true teamwork exists, all players are in lockstep.

What Would Janet Do?

We have now entered the Fed’s target time zone to raise rates. Clearly, the Fed wants to hike rates as a way to signal that the economy no longer requires “emergency assistance.”

MEMPHIS AREA

First Tennessee Bank to Pay $212.5 Million for Bad Mortgage Loans

MEMPHIS, Tenn. (AP) First Tennessee Bank has agreed to pay the U.S. government $212.5 million after admitting to making bad mortgage loans that left taxpayers footing the bill.

STATEWIDE

Paper Manufacturer Invests $270 Million in McMinn County Expansion

NASHVILLE, Tenn. (AP) – A global paper products manufacturer is investing $270 million to expand its current operations in McMinn County and create more than 100 jobs.

Dollar General First-Quarter Profit Tops Street, Key Sales Metric Rises

GOODLETTSVILLE, Tenn. (AP) – Dollar General's fiscal first-quarter profit topped Wall Street's expectations, and a key sales measurement rose thanks to better traffic and shoppers spending more per transaction.

NATIONAL BUSINESS

Medtronic Beats Street Fourth-Quarter Forecasts

Medtronic lost $1 million in its fiscal fourth quarter, as costs tied to its $42.9 billion acquisition of Covidien and other expenses weighed on the medical device maker's performance.

Next Up for Wal-Mart Pay Raises: Department Managers

NEW YORK (AP) – Wal-Mart is raising starting wages for more than 100,000 U.S. department managers and workers in its deli and other specialized departments.

REAL ESTATE

More Older Americans are Being Buried by Housing Debt

WASHINGTON (AP) – Al and Saundra Karp have found an unconventional way to raise money and help save their Miami-area home from foreclosure: They're lining up gigs for their family jazz band.

TECHNOLOGY

Tesla Motors Co-Founder Wants to Electrify Commercial Trucks

SAN JOSE, Calif. (AP) – Twelve years ago, Ian Wright and some fellow engineers launched Tesla Motors, a Silicon Valley company that has helped jumpstart the market for electric cars.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 374 7,749
MORTGAGES 89 414 9,199
FORECLOSURE NOTICES 9 52 1,358
BUILDING PERMITS 197 1,007 16,607
BANKRUPTCIES 45 279 5,406
BUSINESS LICENSES 28 154 2,948
UTILITY CONNECTIONS 0 139 3,250
MARRIAGE LICENSES 30 128 1,688

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