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VOL. 126 | NO. 129 | Monday, July 4, 2011

Planners Discuss Future of Uptown West

Butterflies to jobs to fountains. Those were among the one-word suggestions for the Uptown West area Thursday, June 30, at the first of three public hearings held by a steering committee to guide future development of the area.

Staying Afloat

Local pool industry survives thanks to diversification

In a sink-or-swim economy, businesses specializing in luxury items often take the hardest hit, but the local pool industry has managed to stay afloat in the past few years by diversifying products and services and shifting more construction resources toward renovations.

Charges Likely Tuesday in Doubletree Shooting

Charges are expected to be filed sometime Tuesday morning as a result of the shootout Sunday night at the Doubletree Hotel, 185 Union, which resulted in two deaths, one of them Memphis police officer Timothy Warren.

City Council To Consider Ware’s Replacement

Memphis City Council members will discuss who should be the 13th council member during their Tuesday, July 5, executive session.

Open Houses Create Leads, Networking Opportunities

The return on investment of open houses has long been a debated topic among residential real estate agents.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: Southeast at 4.6 mph
Humidity: 77%


The Daily News’ offices will be closed Monday, July 4, in observance of Independence Day. Offices reopen at 8:30 a.m. Tuesday, July 5, and will remain open during normal business hours.

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Lambuth University Files Ch. 11 Bankruptcy

Lambuth University has filed for chapter 11 bankruptcy protection, one of several steps expected to lead to a transfer of the Jackson, Tenn., university to the Tennessee Board of Regents and through the state board of regents to the University of Memphis.

Brighter Days Ahead for Argent Financial, Sector Capital Combo

The recent acquisition of Sector Capital Management, a local boutique money management firm, by the much larger Louisiana-based Argent Financial Group came together fast, a testament to how well both firms complement each other and wanted to join forces.

Preserve at Forest Creek Sells for $45.5M

A Class A apartment community in the Germantown/Collierville submarket has traded hands for $45.5 million – marking the largest multifamily sale in three years.

Name Game Keeps It Personal After 38 Years

With $1,500 and an idea that came to mind in the fifth grade, Danny Howell created the small business now known as Name Game, which specializes in personalized apparel and is celebrating 38 years in operation.

Germantown Collection Sells for $7.3M in Foreclosure

7810 Poplar Ave., Germantown, TN 38138, Sale Amount: $7.3 million -
The 60,724-square-foot Germantown Collection shopping center that includes tenants such as Chili’s and Panera Bread at the corner of Poplar Avenue and Exeter Road has been bought out of foreclosure.


Memphis City Council Agenda

The Memphis City Council will meet today at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.


Letting God Into The Workplace

I was having a discussion with my wife, going over things good and bad. We have gotten traction against the recession, and I was ticking off what had helped. “What about your faith?” came her question. “You are supposed to write things that help, aren’t you?”

Pondering Procrastination

I have been putting off addressing this topic for quite a while for some reason. Just kidding! Technically, to procrastinate means to postpone doing something. Procrastination is not all bad. Sometimes it is a good idea to postpone certain things. For example, it is usually beneficial to postpone making a snap judgment about something or someone. And sometimes when you postpone so-called important things, they miraculously disappear or no longer matter. Procrastination only becomes dysfunctional behavior when it begins to negatively impact your life – when it prevents you from living the life you desire.

Swing For The Stars

Last week, we discussed a training program, Stewards of Children, which takes a direct and comprehensive approach to educating adults to prevent, recognize and react responsibly to child sexual abuse. This week, let us jump back to the column about the Power of Positive News (June 20) and offer an example of how corporations can leverage their marketing power to benefit nonprofits and “Swing for the Stars.”


End of the Road

No more easy money now that Fed’s QE2 $600 billion program is over

Not long after the Federal Reserve announced a controversial program in November 2010 to buy $600 billion in U.S. government securities, Tennessee’s junior senator found himself besieged by incredulous voters at a town hall meeting in Memphis.

Manipulation Won’t Fix Financial Woes

The stimulus was an attempt to fill the gap from recession to recovery. The statistics and other fiscal guidelines for determining whether we are still in a recession seem to say we aren’t. But that’s a tough argument to make to those who continue to lose their jobs and whose homes are still “underwater.”

Variety Spices Up BPACC Season

If you’re looking for opera, you’re out of luck, but the Bartlett Performing Arts and Conference Center has a little of most every other musical genre slated for the first half of the coming season.

Darkened Doors Speak To Industry Challenges

“We couldn’t make the space work. We tried, but we couldn’t get over the hump to get the numbers.”

8-Grape Red Bursts With Personality

The madcaps at Michael David Winery have a knack for making bold California wines and keeping us amused with labels and packaging. They’re the guys that produce 7 Deadly Zins and 7 Heavenly Chardonnays, who name wines Lust and Sloth, Gluttony and Rapture and created a line of bruising reds called Earthquake.


Hafner Named Director of Legislation for Haslam

NASHVILLE (AP) – Gov. Bill Haslam has announced Leslie Hafner as his new director for legislation to handle General Assembly business for the administration.

Ogg Appointed Provost at UT-Martin

MARTIN, Tenn. (AP) – Dr. Jerald Ogg has been appointed provost at the University of Tennessee at Martin.

Health Mgmt Paying $525M for 7 Tenn. Hospitals

NAPLES, Fla. (AP)Health Management Associates Inc. said Friday it plans to pay $525 million to acquire seven hospitals in and around Knoxville, Tenn.

9 Jobs Lost as UT Moves Correspondence to Online

KNOXVILLE (AP) – The University of Tennessee is closing its Department of Distance Education and Independent Study and laying off nine employees.

Nashville Cancer Center Begins New Testing

NASHVILLE (AP) – Vanderbilt-Ingram Cancer Center in Nashville has begun a line of mutation testing for breast cancer patients.


WaMu Settles Class Action Suit for $208.5 Million

LOS ANGELES (AP)Washington Mutual Inc. and its fellow defendants have agreed to pay $208.5 million to settle a class-action lawsuit stemming from the lender's collapse in 2008, the biggest U.S. bank failure in history.

AP Source: Google Among Firms Looking to Buy Hulu

LOS ANGELES (AP) – Search giant Google Inc. is one of about a dozen companies involved in talks to potentially buy online video site Hulu, a person familiar with the matter said Friday. As the owner of YouTube, it would be a strategic buy for the Silicon Valley technology company, which has had a rocky relationship with Hulu's Hollywood owners.

Lehman Plan Receives Support From Major Creditors

NEW YORK (AP) – Lehman Brothers is getting broader support for its new bankruptcy plan.

Teamsters Nominate 3 Candidates for Union Election

LAS VEGAS (AP) – Members of the International Brotherhood of Teamsters are choosing between three candidates vying to be the powerful union's next president.

Factories Busier in June After Spring Slump

NEW YORK (AP) – U.S. factory activity picked up in June after a sluggish May, helped by lower gas prices and some easing of supply disruptions.

GM, Ford June Sales Rise, Honda Falls

DETROIT (AP) – Gas prices have hit a sweet spot for U.S.-based automakers. They've fallen enough to spur pickup truck sales, yet remain so high that newer small cars are selling as well.

'FarmVille' Creator Zynga to Go Public

LOS ANGELES (AP) – Zynga, the online game maker behind "FarmVille" and other popular Facebook pastimes, is going public, the latest in a crop of high-valued Internet IPOs expected after LinkedIn Corp. showed that the online networking craze is a hot commodity on Wall Street.


FAA: Tired Air Traffic Controllers can Skip Work

WASHINGTON (AP) – Federal aviation officials say air traffic controllers will be allowed to use sick or annual leave time if they are too tired to work.

Obama Picks Fight on Taxes, Big or Just Symbolic

WASHINGTON (AP) – President Barack Obama is renewing an old fight with the business community by insisting that $400 billion in tax increases be part of a deficit-reduction package. His proposals have languished on Capitol Hill, repeatedly blocked by Republicans, often with help from Democrats.

Obama to Nominate Curry as Comptroller of Currency

WASHINGTON (AP) – President Barack Obama said Friday he will nominate Thomas Curry, a federal bank regulator, to be the U.S. comptroller of the currency.


J&J Wins US Approval for New Blood Thinner

WASHINGTON (AP) – Johnson & Johnson said Friday that U.S. regulators have approved its new type of blood thinner shown to reduce deadly blood clots in patients who have undergone knee and hip replacements.

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PROPERTY SALES 68 321 13,763
MORTGAGES 79 340 15,906
BUILDING PERMITS 265 765 28,522
BANKRUPTCIES 49 227 8,877

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