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VOL. 126 | NO. 135 | Wednesday, July 13, 2011

Temple-Inland to Review IP Offer

The board of Austin, Texas-based packaging and building materials firm Temple-Inland Inc. will begin a formal review of the hostile takeover bid from Memphis-based rival International Paper Co. that was made public earlier this week.

‘Worse and Worse’

Builder activity continues freefall, declining 35 pct. in Q2

Shelby County homebuilders filed 142 permits during Q2 (April to June), down from 220 in Q2 2010, according to real estate information company Chandler Reports, www.chandlerreports.com.

Seminar To Detail Reform’s Effect on Biz

Philip Johnson is partner with Argyle Benefits Consultants LLC, a chartered life underwriter and certified employee benefits specialist, so he more than understands the ins and outs of federal health care reform, including how the legislation will impact large and small businesses, as well as individuals.

Six Council Contenders In New Districts Under Redistrict Plan

A detailed examination of the proposed redistricting plan for the Memphis City Council by The Daily News shows six prospective council candidates would be drawn out of districts they are considering running in for the Oct. 6 elections.

Madison Bike Lane Plan Faces Final Public Meeting

A new twist on the old phrase “where the rubber meets the road” occurs Wednesday evening on Madison Avenue.

Local Weather
Currently
Memphis, TN
77.0°F
Overcast
Wind: Southeast at 3.5 mph
Humidity: 85%

EVENTS

Talk Shoppe will present “What to do in a Disaster: Is Your Family Prepared?” Wednesday, July 13, from 9 a.m. to 10 a.m. at Hyatt Place, 9161 Winchester Road. For more information, call Jo Garner at 482-0354.

more events »

Grizzlies Foundation Shortlisted For International Prize

The Memphis Grizzlies Charitable Foundation has been shortlisted in the Sport Team of the Year category in the 2011 Beyond Sport Awards, which promotes, develops and supports the use of sport to create positive social change across the world.

Chism, Bunker Elected Commission Leaders

Sidney Chism got his second term as chairman of the Shelby County Commission this week. And he did it with relative ease on the first ballot at the Monday, July 11, commission session.

Kanda Joins Electronic Vaulting Services as VP

Amit Kanda has been hired by Electronic Vaulting Services LLC as the new vice president of IT and business development.

LOCAL COLUMNISTS

Sharpen Your Negotiation Skills

Negotiating is an art. It’s more than offering up a series of compromises until you get to your bottom line.

EQ Spells Success

EQ stands for Emotional Quotient, a.k.a. emotional intelligence, a characteristic that experts believe is imperative for a leader or a star performer in business. EQ involves being able to control impulses, read other people’s emotions and reactions and make informed decisions. That’s right: Whereas we used to think good decisions were based solely on intellectual and rational ability, today scientists understand that emotional judgments are also a key element of sound plans and choices.

NATIONAL BUSINESS

Job Openings Flat in May

WASHINGTON (AP) – It’s shaping up to be a long, tough summer for jobseekers: The number of job postings didn’t increase in May, the latest sign that hiring is unlikely to pick up any time soon.

Oil Imports Drove May Trade Deficit to $50.2B

WASHINGTON (AP) – The U.S. trade deficit surged in May to the highest level in more than two and a half years, driven wider by a big increase in oil imports and a decline in exports.

Netflix Separates DVD Plans From Online Streaming

SAN FRANCISCO (AP) – Netflix is raising its prices for the millions of subscribers who use the service to rent DVDs through the mail and watch video over the Internet.

Bloomberg LP Names Daniel L. Doctoroff as CEO

NEW YORK (AP)Bloomberg LP, a provider of business and financial data and news, said Tuesday that its president, Daniel L. Doctoroff, will take the additional role of CEO effective Aug. 1.

News Corp. Boosts Stock Buyback Plan to $5 Billion

NEW YORK (AP)News Corp. says its board has raised its stock repurchase program to $5 billion.

NATIONAL POLITICS

McConnell, Boehner Increase Criticism of Obama

WASHINGTON (AP) – The top Republican in the Senate proposed on Tuesday giving President Barack Obama sweeping new power to, in effect, unilaterally increase the nation's debt limit to avoid a first-ever default on U.S. obligations.

House Republicans: Down With Squiggly Light Bulbs

WASHINGTON (AP) – How many government bureaucrats does it take to screw in a light bulb? A lot of House Republicans think the answer should be "none." They say the government should just stay out of it.

IRS: 100K Tax Preparers Fail to Follow New Rules

WASHINGTON (AP) – About 100,000 paid tax preparers worked on 2011 returns but did not follow new rules requiring them to register with the Internal Revenue Service, the agency said Tuesday.

Fed Debates More Stimulus as Economy Weakens

WASHINGTON (AP) — Federal Reserve officials at their last meeting expressed concerns that the weakening job market might hold back the recovery. But members were divided over whether the Fed should take additional steps to help the economy.

Clinton: Diplomacy Key to Job Creation in US

WASHINGTON (AP) – American diplomacy abroad is critical to creating jobs and improving economic conditions at home, Secretary of State Hillary Rodham Clinton said Tuesday, urging Congress not to slash the Obama administration's foreign policy budget.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 87 87 7,836
MORTGAGES 108 108 9,307
FORECLOSURE NOTICES 8 8 1,366
BUILDING PERMITS 130 130 16,737
BANKRUPTCIES 55 55 5,461
BUSINESS LICENSES 32 32 2,980
UTILITY CONNECTIONS 47 47 3,297
MARRIAGE LICENSES 37 37 1,725

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