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VOL. 132 | NO. 131 | Monday, July 3, 2017

The Week Ahead: July 3-July 9

Hello, Memphis – and happy almost-Fourth of July. Not sure where to catch the fireworks this week? We have a few suggestions, plus more local happenings you need to know about in The Week Ahead...

Sports Notebook: Grizzlies Sign Selden, Set Summer League Roster

The Memphis Grizzlies and their notable free agents – JaMychal Green, Zach Randolph, Tony Allen and Vince Carter – have been fairly quiet. That could change at any moment, of course, and Randolph in particular is the subject of speculation that the Cleveland Cavaliers are in pursuit of one of the best sixth men in the NBA last season.

Appling Road Greenline Access Awaits Funding

There is a plan designed and ready for an Appling Road access point to the Shelby Farms Greenline and if the response to last week’s opening of the Perkins Road access point is any indication, it shouldn’t be too difficult.

Thomas & Betts Moving Corporate Headquarters

Thomas & Betts Corp. has chosen a new location for its corporate headquarters. The Memphis-based electrical component manufacturer is moving from Southwind to ServiceMaster Global Holdings' current space at 860 Ridge Lake Blvd. in Ridgeway Center. ServiceMaster is vacating the East Memphis property for its new headquarters Downtown.

Last Word: Corporate Musical Chairs, Another Dollar General and Ronnie Grisanti

The three-way deal by which Memphis-based Fred’s was to buy hundreds of Rite-Aid stores from Walgreens just keeps getting worse for Fred’s even though the deal happened last week without Fred’s. An analyst says Fred’s got cut out because of questions about the corporation’s viability to enter into what is an ambitious change of course for the company on a large scale.

Local Weather
Currently
Memphis, TN
86.0°F
Mostly Cloudy
Wind: South at 8.1 mph
Humidity: 75%

EVENTS

Bartlett Fireworks Extravaganza will take place Monday, July 3, at Bobby K. Flaherty Municipal Center, located at Appling Road and U.S. 70. Events start at 6 p.m. and include a car display, children’s activities, live music by the Bartlett Community Concert Band (6:30 p.m.) and Jamie Baker & the VIPs (7:45 p.m.), and fireworks at 9:15 p.m. Visit cityofbartlett.org for details.

more events »

Analyst: Fred’s Not Seen as Viable Buyer of Rite Aid Stores

Nick Mitchell, managing director and research analyst with Northcoast Research, didn’t have to do much work or analysis in the wake of news that Memphis-based Fred’s Inc. has been cut out of a deal between Walgreens and Rite Aid.

Former Cottage Restaurant Site to Be Demolished

The tiny white house at the corner of Summer Avenue and Holmes Road stood out in stark contrast to the surrounding auto dealerships and gas stations, but for more than 50 years, the restaurant aptly-named The Cottage provided customers a hearty breakfast and bucolic atmosphere despite its urban setting.

Memphis 3.0 Effort Gets to Basic Facts

Putting together the city’s first long-term comprehensive development plan since the 1980s is proving to be about covering a lot of the same material at public meetings.

THE MEMPHIS NEWS

Stiff Competition

Memphis battling to remain competitive in a tourism business worth billions

Selling Memphis as a place to visit may be easier now than it’s ever been. Conversely, it may also be as difficult as it’s ever been. That dichotomy arises from the fact that Memphis has more amenities, more things to do, see and eat than ever before.

Editorial: Memphis Tourism Has Its Own Unique Ride

Memphis is never, ever going to be a theme park built for the delight of visitors from around the world.

THE MEMPHIS NEWS ALMANAC

June 30-July 6, 2017: This week in Memphis history

2016: On the first day of the NBA’s free agency period, the Memphis Grizzlies offer point guard Mike Conley $153 million over five years to stay with the team – an NBA record contract. The same day in a related move, the Grizzlies come to terms with power forward Chandler Parsons on a four-year $94 million contract.

LAST WEEK'S MOST POPULAR

Court OKs $16.8M Settlement in First Tennessee Bank Class-Action Suit

Shelby County Circuit Court Judge Mary Wagner has approved an agreement to settle a class-action lawsuit against First Tennessee Bank related to overdraft fees that calls for the bank to put $16.8 million into a settlement fund.

Peer Power Hires Dennis Ring As Development Director

Dennis Ring has joined the Peer Power Foundation as director of development. In his new role, he is responsible for spearheading and cultivating development and donor relations efforts for the 12-year-old organization, which serves more than 1,000 students using a peer-to-peer tutoring method.

Gibson Becomes First African-American Woman Partner at Burch, Porter & Johnson

Tannera Gibson knew she wanted to be more than an attorney. She wanted to be an attorney at Burch, Porter & Johnson PLLC, one of the city’s oldest law firms with a deep history in and out of court and the business of law.

Barksdale Fertilizes Relationships Through Agriculture

William Barksdale is just off a trip to China, but he’s reminiscing about the Mississippi Delta. On sultry summer days spent alongside his father, walking the rows of soybean and cotton fields, Barksdale grew into an awareness of the nobility of farming – the simple grace involved in raising crops that will feed and clothe people.

Five Apply for Circuit Court Judge Vacancy

Five Shelby County attorneys have applied to fill the vacancy in Shelby County Circuit Court created by the retirement of Judge Robert Childers effective this Friday, June 30.

STATEWIDE

Gas Tax Up, Grocery Tax Down: 133 Tennessee Laws Take Effect

NASHVILLE, Tenn. (AP) – Rising and declining taxes, an abortion ban and an option to use metal detectors or allow arms in public places are among the many new laws that took effect in Tennessee on Saturday.

Charges Dropped Against 2 Youths in Tennessee Wildfires

NASHVILLE, Tenn. (AP) – Prosecutors have dropped arson charges against two juveniles in connection with the Tennessee wildfires that killed 14 people and tore through thousands of homes and businesses in November, a law enforcement official said Friday.

Tennessee Official Says He Can't Give Trump Panel Voter Info

NASHVILLE, Tenn. (AP) – Tennessee's top elections official says state law doesn't allow him to release the voter information requested by a commission appointed by President Donald Trump to probe allegations of voter fraud.

NATIONAL BUSINESS

Warren Buffett to Buy 700 Million Shares in Bank of America

NEW YORK (AP) – Warren Buffett's Berkshire Hathaway said Friday it will amass a 700-million-share stake in Bank of America, making Buffett the largest shareholder in two of the nation's largest banks.

Nike to Start Selling Sneakers Through Online Giant Amazon

NEW YORK (AP) – Nike said it will sell some of its sneakers through e-commerce giant Amazon, part of a plan to make its swoosh-branded products available in more places online.

CONSUMER NEWS

Science Says: Hot Dogs Minus Added Nitrites May Be No Better

NEW YORK (AP) – Backyard cooks looking to grill this summer have another option: hot dogs without "added nitrites." Are they any healthier?

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 68 321 13,763
MORTGAGES 79 340 15,906
FORECLOSURE NOTICES 0 24 2,163
BUILDING PERMITS 265 765 28,522
BANKRUPTCIES 49 227 8,877
BUSINESS LICENSES 28 113 4,678
UTILITY CONNECTIONS 25 118 5,511
MARRIAGE LICENSES 16 73 2,967

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