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VOL. 126 | NO. 143 | Monday, July 25, 2011

Bids for Morgan Keegan Coming Monday

Regions Financial Corp. will reportedly get initial bids on Monday, July 25, from several major firms for the Memphis-based investment banking and capital markets business that Regions put on the auction block in June.

Creating Networks

Minority business success aided by strong networking

J.W. Gibson, the former Shelby County commissioner and CEO of Memphis-based Gibson Cos., said minority entrepreneurs tend to focus more on things such as technical support and capital assets. And while those things are integral to developing a successful business model, relationships, he said, are the foundation.

Wharton Opens Re-Election Campaign

“Put your name of the ballot – come on. We’re going to walk all over you,” Wharton said to potential challengers on the Oct. 6 ballot who include Shelby County Commissioner James Harvey, former Memphis City Council member Edmund Ford Sr. and seven others. “Don’t get in our way.”

Hardy’s Perseverance Runs in The Family

Carolyn Chism Hardy initially thought owning her own business would be as a business consultant. She was a certified public accountant with a comfortable position and a specialty in cost efficiency at the Memphis Coors brewery in 2006 when Molson-Coors Brewing Co. put the Memphis plant up for sale.

Bowen ‘Empowers’ Others as Biz Coach

Natasha Bowen might be the new president of the Memphis chapter of the National Association of Women Business Owners and president of the Memphis chapter of the business consulting firm The Growth Coach, but success hasn’t always come easy for her.

Local Weather
Currently
Memphis, TN
88.0°F
A Few Clouds
Wind: Variable at 3.5 mph
Humidity: 52%

EVENTS

The Memphis Library and Information Center board of trustees will meet Monday, July 25, at noon at the Frayser Branch, 3712 Argonne St. For more information, call 415-2846.

more events »

Schools Funding Compromise Must Overcome Distrust

The city of Memphis and the Memphis City Schools system have some time – but not a lot – to see if a very tentative school funding compromise can grow roots.

Boyd Moves Into Temp. Council Seat

It’s the week between the filing deadline for the Oct. 6 Memphis elections and the deadline for any candidates who made the first deadline to get out of the race by Thursday, July 28, at noon – the withdrawal deadline.

Renasant Bucks Trends

Tupelo, Miss.-based Renasant Corp. is doing something not seen too much in the banking world at the moment.

CRE Shows Q2 Improvement

Memphis’ commercial real estate landscape may be inching closer to recovery, as evidenced by the latest CB Richard Ellis MarketView report.

EDR Sees Q2 Net Income Rise

Education Realty Trust Inc. on Thursday, July 21, announced net income of $0.6 million, or $0.1 per diluted share, in the second quarter.

Fluctuating Market at Heart of Seminar

As real estate professionals gather this week to take a look at the latest numbers, they’ll not only learn about local residential and commercial trends, but also be brought up to speed about Memphis’ role in the global economy.

Commission Continues Fiscal Year Transitions

Shelby County Commissioners continue to make the transition from one fiscal year to another with a series of measures on the agenda for their Monday, July 25, meeting.

KQC Promotes Clients With ‘Uplifting Purpose’

Nikita Flynn, Terrell Gatewood and Renee Malone each bring a diverse and creative perspective to Kingdom Quality Communications, a marketing and communications business they launched in August 2007.

GOVERNMENT AGENDA

Shelby County Commission Agenda

The Shelby County Commission will meet today at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the meeting icon for a full agenda.

LOCAL COLUMNISTS

Mother Teresa as Business Jedi

Two years before she died, Mother Teresa was in the U.S. for a meeting with lay members of her organization. It took place at a nice hotel. Presenters showed charts and noted donation increases but also expense increases. Mother finally got up and said that she was disbanding the hierarchy present, that they spent too much on unnecessary things.

A Ripple Effect For Leadership

Last week, we refocused on the genesis of this column by discussing how community engagement makes a good corporate and personal growth strategy. This week, let us talk about an organization that is recruiting, cultivating and engaging diverse talent to move Memphis forward: The Leadership Academy.

THE MEMPHIS NEWS

Open Door

As city’s Hispanic population grows, so do business opportunities

By 2050, it’s projected all minorities combined will represent more than 50 percent of the U.S. population, and as the United States moves closer to becoming a minority-majority nation, the growing Hispanic population is increasingly becoming a major power player in the new economy.

Hispanics Valuable Part of City’s Fabric

One of the central tenets of our history is that the Yellow Fever epidemics of the 1870s changed the nature of Memphis because most of the city’s immigrant population either died or left the city during the catastrophe. History is a perpetual victim of our constant desire to manage it into tidy snippets.

GCT Brings Dahl’s ‘Craziness’ to Stage

Germantown Community Theatre will finish off its summer children’s productions with a celebration of magic, insects and childlike whimsy.

An Elusive Search for Perfect ‘French 75’

Devotees of cocktails will argue the origins and ingredients of their favorite libations with the fervor of constitutional lawyers parsing the punctuation of the Bill of Rights. Certainly those who regard a correctly made Old-Fashioned or Floridita as a major component of Life, Liberty and the Pursuit of Happiness will agree that going to the barricades to defend the purity and integrity of a cocktail merits the same iconic consideration as the image of five Marines and a Navy corpsman raising Old Glory on the heights of Iwo Jima.

Concoction True Taste of Caribbean

The Dark and Stormy is a proprietary or brand-specific cocktail in that Gosling’s Black Seal Bermuda Rum has a lock on it. The drink, a combination of the already mentioned Gosling’s Black Seal Bermuda Rum and Barritt’s Bermuda Stone Ginger Beer – how brand-specific is that? – is popular in the Caribbean and up along the sailing centers of America’s Eastern Seaboard. It’s simple to make and tasty but rather one-dimensional in effect, yet sipping its amber-tinted effervescence definitely puts one in a mood to kiss the captain’s wife and batten down the hatches.

MEMPHIS AREA

Peabody Hotel Seeking Help With Famed Ducks

MEMPHIS (AP) – The Peabody hotel in Memphis is seeking an assistant "duckmaster" to help care for the five famed mallards.

STATEWIDE

Tenn. Unemployment Rises to 9.8 Percent in June

NASHVILLE (AP) – Tennessee's unemployment rate in June increased to 9.8 percent, up 0.1 percent from the May figure.

3 Honored by Coalition for Immigration Work

NASHVILLE (AP) – The Tennessee Immigrant & Refugee Rights Coalition has honored two individuals and a public TV station for their leadership in immigration matters.

NATIONAL BUSINESS

Unemployment Rates Rose in Majority of US States

WASHINGTON (AP) – Unemployment rates rose in more than half of U.S. states in June, evidence that slower hiring is affecting many parts of the country.

AP Source: Apple Considering Hulu Bid

SAN FRANCISCO (AP) Apple Inc. is in talks to potentially bid for video-streaming service Hulu, a person close to the situation said Friday.

McDonald's Sales Keep Rising, Even With Price Hike

NEW YORK (AP) – McDonald's said Friday that its net income rose 15 percent in the second quarter as it continues to entice customers to buy new menu items even as the sluggish economy forces them to cut back spending in other areas.

NATIONAL POLITICS

Debt Dispute Boils: Capitol's Hot, Inside and Out

WASHINGTON (AP) – Gridlock stubbornly held the high ground in the steamy capital Friday despite the threat of a government default in 11 days' time. Talks between President Barack Obama and House Speaker John Boehner seemed stuck in limbo, and the Democratic-controlled Senate scuttled legislation drawn to conservatives' specifications.

US Court Rejects SEC Rule on Board Nominees

WASHINGTON (AP) – A federal appeals court has struck down a rule adopted last year by the Securities and Exchange Commission that gave shareholders more power to nominate board directors.

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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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