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VOL. 126 | NO. 140 | Wednesday, July 20, 2011

Final IDB Meeting Features Six Projects

When the Memphis-Shelby County Industrial Development Board meets Wednesday, July 20, it will have on its plate six projects to consider that could bring 259 new jobs to the city, millions of dollars of new investment to the area and keep some of an existing employer’s operations in the city.

Words of Warning

Bronczek speech pinpoints need for long-term oil strategy

FedEx Express president and chief executive officer David J. Bronczek told a group of state legislators and elected leaders from 15 states that the U.S. needs an “oil strategy long term.”

MCS Board Votes To Delay Aug. 8 School Start

The stakes got higher Tuesday evening, July 19, in the funding dispute between the city of Memphis and the Memphis City Schools system.

Council Approves Redistricting Plan

Memphis City Council members approved a redistricting plan for the council just two days before the filing deadline for the Oct. 6 city elections.

CRE Retail Duo Finds Success In Pairs

About eight years ago, The Shopping Center Group LLC began encouraging its agents to work on deals in teams.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: South at 10.4 mph
Humidity: 67%


Talk Shoppe will present “Your Image of Excellence” Wednesday, July 20, from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

more events »

Groups Working to Address Minority Care Disparities

Disparities in minority health continue to be a major health care issue in Memphis, but a determined group of health care, academic, government and faith-based entities is working diligently to address those disparities.

Daily News Garners Eight TPA Awards

The Daily News and sister publication The Memphis News won eight honors in the University of Tennessee-Tennessee Press Association awards announced Friday, July 15, at the annual TPA convention in Nashville.

Moody's Eyes Debt Downgrade for 5 States Including Tenn.

Moody's Investors Service warned Tuesday that it probably will lower the credit rating on five states, including Tennessee, if it downgrades the U.S. government's credit rating.

Hansen Promoted to Store Manager at Macy’s

Greg Hansen has been promoted to vice president/store manager at Macy’s Oak Court.


Debt Debate Will Soon Pass

Welcome Back, Ben. All hail the Bernanke put! Markets rallied strongly Wednesday, July 13, as Fed Chairman Ben Bernanke hinted at the potential for additional monetary easing should high unemployment and deflation threats persist. Since the greatest achievement of QE2 was the rapid rise in equity prices, talk of additional easing elated Wall Street. Gold rallied to a new nominal high, and oil seems determined to reclaim $100. Whether the Fed resumes sizable asset purchases or not, by indicating their willingness to do so, they have underpinned asset prices.

8-Second Rule of First Impressions

Eight seconds. It’s the length of a successful bull ride. And it’s also how long we have to leave an indelible impression on those we meet.


TBI Probing Lawmaker Involvement in Nurse Cases

NASHVILLE (AP) – The Tennessee Bureau of Investigation is looking into whether lawmakers improperly intervened with a state board to help three nurse practitioners whose licenses were suspended.

Demolition of Oak Ridge's K-25 Could Cost $1.2B

OAK RIDGE, Tenn. (AP) – The demolition of the World War II-era K-25 uranium-enrichment facility at Oak Ridge could cost more than $1.2 billion, almost double the project's baseline in 2008.

Small Towns Can Apply to State for Planning Grants

NASHVILLE (AP) – Small towns that no longer receive planning help from the state due to job cuts are eligible to apply for $1 million in grants.

Hermitage Reports $521,000 in Donations for Year

NASHVILLE (AP) – The Hermitage, the home of President Andrew Jackson, had more than $521,000 in donations during its just completed fiscal year.


AP: Western States Lag in Recovery

WASHINGTON (AP) – Western states hit hardest by the housing crisis are feeling the greatest economic stress two years after the recession ended, according to The Associated Press’s monthly analysis.

Retirement Investors Await Debt Ceiling Solution

DES MOINES, Iowa (AP) – They have one eye on Washington and the other on Wall Street. Investors are paying close attention because the contentious debate in Congress could have very serious implications for their 401(k) accounts.

Southwest, AirTran Put Fall Travel on Sale

DALLAS (AP)Southwest Airlines Co. and its AirTran subsidiary launched new sales on Tuesday for travel during late summer and the typically slower fall season.

Threatened by iPad, PCs Start to Look Like Tablets

NEW YORK (AP) – The response by computer makers to the iPad stealing sales from them: Make their PCs more like iPads.

Focus on Windows Growth in Microsoft's Fiscal Q4

REDMOND, Wash. (AP) Microsoft Corp, the world's largest computer software maker, will try to shake the perception that it's turning into a technological dinosaur when it releases its latest quarterly results after the stock market closes Thursday.

Big Lots Acquires Canada's Liquidation World Chain

COLUMBUS, Ohio (AP) – Closeout store operator Big Lots Inc. says it's expanding outside the U.S. for the first time through a $20 million takeover of Canadian chain Liquidation World Inc.


Alexander Endorses Bipartisan Debt Reduction Plan

NASHVILLE (AP) – Sen. Lamar Alexander has endorsed a debt reduction plan that would reduce federal spending by $500 billion as a down payment to reduce the deficit.

Gang of 6 Deficit Effort Gains Momentum

WASHINGTON (AP) – Leaders of a bipartisan "Gang of Six" senators said Tuesday that they've reached agreement on a major plan to cut the deficit by more than $4 trillion over the coming decade in what could be a bold entry into a debate on the deficit long bogged-down by bitter partisanship.

Boehner Considers Alternatives to GOP Debt Plan

WASHINGTON (AP) – House Speaker John Boehner says he is considering alternative budget plans even as the House takes up a GOP proposal to cap spending and eventually require a balanced budget.

Former Defense Chief Robert Gates has Book Deal

NEW YORK (AP) – Former Secretary of Defense Robert Gates has a book deal.


FDA Plans to Regulate Some Mobile Phone Apps

WASHINGTON (AP) – The Food and Drug Administration is taking the first steps toward regulating the rapidly expanding field of medical applications, or apps, for smart phones and other handheld devices.

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Blog News, Training & Events
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700

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