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VOL. 126 | NO. 137 | Friday, July 15, 2011

First Horizon Beats Forecast With Q2 Profit

Controlling what we can control.

Four-Legged Health

Hollywood Feed keeps pet health top of mind

Shawn McGhee is a family man. He has a 4-year-old Labrador retriever, a 3-year-old Chihuahua, a 7-month-old American bully and three rescue cats, in addition to his five children.

Bloomberg Philanthropies Grants Memphis $4.8M

New York City Mayor Michael Bloomberg calls it the “Mayors Project.” The $4.8 million, three-year grant his foundation announced Thursday, July 14, it is giving the city of Memphis is part of $24 million the Bloomberg Philanthropies will give to five cities including Memphis.

CrescoAg Inks Lease for New Downtown HQ

Downtown Memphis has landed another corporate headquarters. CrescoAg LLC, an independent information management company, has signed a new lease on 4,594 square feet at 88 Union Ave.

Bike Lane Decision Expected by July 30

Four lanes or three lanes – the shared use of a lane in each direction of Madison Avenue by cars and bicycles or a separate lane for bicycles.

Local Weather
Currently
Memphis, TN
76.0°F
Fair
Wind: East at 3.5 mph
Humidity: 79%

EVENTS

The Rotary Club of Memphis Central will meet Friday, July 15, from 11:45 a.m. to 1 p.m. at the Holiday Inn University of Memphis, 3700 Central Ave. Frank Gianotti, vice president of Tetra Tech, will speak about the planning and construction of the Memphis Greenline. Cost is $20 for nonmembers. For reservations, call Karen Shea at 683-9099.

more events »

County Bankruptcy Filings Fall Slightly

The total number of bankruptcies filed in Shelby County has slowly declined over the last two years.

Thomas Opens Boutique Family Law Firm

When he got out of law school, Justin Thomas didn’t intend to devote himself to family law. He originally thought it entailed too many emotionally fraught situations he didn’t necessary want to be in the middle of. But after getting some divorce work passed his way, he decided family law afforded him an opportunity to help people out in some of their most difficult and trying times.

New Eateries Coming to Midtown

Midtown has a reputation for one of Memphis’ most eclectic areas, adorned with vintage houses, international cuisine and funky entertainment venues.

14 Apply For Council Appointment

Fourteen citizens had applied by the noon Thursday, July 14, deadline for the District 7 vacancy on the Memphis City Council.

First Horizon Beats Market Forecast

The Friday morning second quarter earnings announcement from the parent company of First Tennessee Bank included profit that beat the consensus analyst forecast.

Knisley Sets ‘High Bar’ In Symphony VP Position

The Memphis heat may be a new and uncomfortable feeling for Chicagoan Brandon Knisley, but the city has something that still makes him feel at home: a strong music culture.

LOCAL COLUMNISTS

Turnip Greens, Peanuts And Personality

LOCAL FLAVOR, AGED AND SEASONED. My friend in the snappy bowtie is eating pea soup, drinking buttermilk and telling me a story. He thinks he’s told me this story before and he’s right. He also thinks he’s not very good at telling stories and he’s wrong. He’s interrupted several times as people wander over to speak to him. A judge here, a legislator there, lawyers everywhere.

Summertime Fundraising Blues: The Cure

Part two in a two-part series. Do you serve as a board member for a nonprofit organization, a college or university or perhaps for your church?

STATEWIDE

Haslam Refusing Some State Workers Raises

NASHVILLE (AP) – Gov. Bill Haslam has refused to grant pay raises to hundreds of state workers who have been disciplined in the past year, and he said anything short of good performance doesn't deserve higher pay.

Union City Mayor Hopes to Market Industrial Park

UNION CITY, Tenn. (AP) – Union City Mayor Terry Hailey hopes to market the town's industrial park to create jobs to help the 1,800 out of work because of the closure of the Goodyear Tire and Rubber Co. plant.

NATIONAL BUSINESS

Judge OK’s Borders Auction, Liquidators Open Bid

NEW YORK (AP) – Borders Group, the second largest U.S. book store chain that once operated over 1,000 stores, appears headed for liquidation after a judge on Thursday approved its motion to auction itself off with a team of liquidators as its opening bid.

JPMorgan Investment Bank has Surprise Gains in Q2

NEW YORK (AP) – JPMorgan Chase surprised Wall Street Thursday with a sharp increase in investment banking income at a time when other banks are warning of layoffs because of a slowdown in trading.

Mixed Data Show Economy Growing at Weak Pace

WASHINGTON (AP) – A mixed slate of reports Thursday showed the economy is being held back by high gas prices and sluggish hiring.

Target's Honeymoon Could be Over

NEW YORK (AP) – Target is having labor pains.

Behind the Increase: Why Netflix is Raising Prices

NEW YORK (AP) – Why is Netflix raising its prices? In part, because the company miscalculated how many people still want to receive DVDs by mail each month, a more expensive service to provide compared with its streamed Internet videos.

Retail Sales Up Slightly in June After May Drop

WASHINGTON (AP) – Consumers spent more on cars and in big chain stores in June but falling gas prices held back retail sales.

Business Stockpiles Rose for 17th Month in May

WASHINGTON (AP) – U.S. businesses added to their stockpiles for a 17th consecutive month in May. But sales fell for the first time in nearly a year, a sign that many companies could be forced to trim supply levels if the economy weakens.

NATIONAL POLITICS

Govt to Test Risk-Based Airport Screening

WASHINGTON (AP) – The Transportation Security Administration said Thursday it will test a program to pre-screen a small group of select air travelers who volunteer more personal information about themselves so they can be vetted to get faster screening at airport checkpoints.

Geithner: No Way to Provide More Time on US Debt

WASHINGTON (AP) – Treasury Secretary Timothy Geithner says he has looked at all the options and that there is "no way to give Congress more time" to solve the debt limit problem.

Bernanke: Default on Debt Would Increase Deficit

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke warned U.S. lawmakers Thursday that they would deliver a "self-inflicted" wound to the nation's economy by holding up efforts to raise the government's borrowing limit.

HEALTH CARE

Companies Propose Curbing Junk Food Ads for Kids

WASHINGTON (AP) – The nation's largest food companies say they will cut back on marketing unhealthy foods to children, proposing their own set of advertising standards after rejecting similar guidelines proposed by the federal government.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 312 16,192
MORTGAGES 0 293 18,685
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 655 33,126
BANKRUPTCIES 0 237 10,737
BUSINESS LICENSES 0 112 5,198
UTILITY CONNECTIONS 0 127 11,344
MARRIAGE LICENSES 0 94 3,867

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