VOL. 126 | NO. 110 | Tuesday, June 7, 2011
The board of Austin, Texas-based packaging and building materials maker Temple-Inland Inc. has adopted a shareholder rights plan, or “poison pill,” in response to a hostile takeover bid from Memphis-based rival International Paper Co.
Memphis City Council members have a long day ahead Tuesday, June 7, at City Hall with lots of numbers and important decisions.
CCC rebrands, retools mission to enhance city’s core
Next month, several hundred business leaders, civic officials and Downtown stakeholders will gather at The Peabody hotel to hear Tennessee Gov. Bill Haslam argue for the importance of building up a city’s Downtown core.
Shelby County Commissioners cut several million dollars across county government Monday June 6 with a resolution suggesting all county employees making over $100,000 a year take a 10 percent pay cut. They also slashed $300,000 from the county’s office of early childhood and youth and moved $250,000 in funding for a sickle cell clinic from the general fund to the fund balance.
MEMPHIS, Tenn. (AP) - Packaging and building materials maker Temple-Inland is rejecting a $3.3 billion unsolicited takeover bid from larger rival International Paper Co., saying the offer is too low and would face heavy regulatory scrutiny.
While May is traditionally thought of as the kickoff to homebuying season, last month’s sales total was down 13 percent from May 2010, proof that the depressed housing market has a way to go before full recovery.
Medtronic Inc., the world’s largest manufacturer of medical devices, will lay off 82 employees in Shelby County starting Tuesday, June 7, and ending July 3, as reported to the Tennessee Department of Labor and Workforce Development.
A little more than a month after a Shelby County Chancery Court judge dismissed a previous lawsuit on the matter, topless-club owner Steve Cooper has filed a new suit over his attempt to open a Cordova restaurant that he says will have Coyote Ugly-style entertainment.
Nurse practitioner Tonya Parson’s mother returned home last year from a Mexican getaway carrying an unwanted souvenir – a parasite that had taken up residence in her liver.
After facing the threat of closure just weeks ago, the Memphis Gay & Lesbian Community Center at 892 S. Cooper St. has announced that it will remain open, thanks to generous financial support from the community and beyond.
186.2 Acres In Rivergate Industrial Park, Sale Amount: $3.7 million, Sale Date: May 31, 2011 -
Warrendale, Pa.-based Mitsubishi Electric Power Products Inc. has bought three parcels in Rivergate Industrial Park from Belz Investco GP for $3.7 million. The deal closed May 31. The first parcel is 9.3 acres on the north side of Riverport Road (listed in the deed as Rivergate Road). It backs McKellar Lake, and the Shelby County Assessor of Property’s 2011 appraisal is $419,000. The second parcel is 63 acres on the south side of Riverport Road, appraised at $604,600. The third parcel is 113.9 acres on the north side of Riverport Road, wrapping around the 9.3-acre parcel and including an offshoot of McKellar Lake. Its 2011 appraisal is $769,600.
If I only knew then what I know now! How many of you have ever said or thought that? It’s a fairly common thought among humans, and it is a powerful thought.
Yesterday I sat in Bronte restaurant at the bookstore formerly known as Davis-Kidd. I looked around and thanked my lucky stars that it was business as usual in my favorite hangout. I’m one of hundreds, perhaps thousands, of customers who waited anxiously to learn whether the store would remain open after the announcement that it would be sold by its parent company.
The Memphis City Council will meet Tuesday, June 7, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.
FAYETTEVILLE, Tenn. (AP) – A two-day symposium in Fayetteville, Tenn., is exploring ways rural communities can create growth.
NASHVILLE (AP) – Tennessee's Main Street Program is hosting multiple summer events across the state.
SAN FRANCISCO (AP) – Apple CEO Steve Jobs has briefly emerged from a medical leave as the company unveiled a new music and storage service and new software for Mac computers and mobile devices.
WASHINGTON (AP) – In a healthy economic recovery, states and localities start hiring, expand services and help fuel the nation's growth.
NEW YORK (AP) – Research firm International Data Corp. expects sales of personal computers to grow 4.2 percent this year, down from a previous forecast of 7.1 percent.
WASHINGTON (AP) – Nobel Prize-winning economist Peter Diamond is withdrawing his nomination for the Federal Reserve board, expressing frustration with Republicans who had blocked his appointment and questioned his practical experience.
WASHINGTON (AP) – The Postal Service is offering a new service that will require an adult to sign for materials received.
WASHINGTON (AP) – Call it the Department of Waivers and Adjustments. It's doing a brisk business with the new health care law.
NEW YORK (AP) – News last week that an arm of the World Health Organization said cellphones might raise the risk of brain cancer has been greeted by Americans mostly with a shrug of the shoulder – one that's pinning a cellphone to the ear.