» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 126 | NO. 158 | Monday, August 15, 2011

$23M Facility Coming to Olive Branch

Anda Distribution, a Florida-based distributor of generic pharmaceuticals, announced Thursday, Aug. 11, that the company will bring about 70 new jobs to Olive Branch with the construction of a warehouse and distribution facility.

Keeping Pace

City’s convention leaders work hard to remain competitive

The Tennessee chapter of the American Institute of Architects selected Memphis for its recent annual convention, not only because of the city’s history and entertainment but for its charming design.

Pera Named New Treasurer of American Bar Assn.

Memphis attorney Lucian T. Pera is the new treasurer of the American Bar Association.

Yosemite Sam’s to Close Aug. 27

Yosemite Sam’s, the longest-running existing business in Overton Square, will close on Aug. 27, according to the owner Faye Pannell.

ACI Glass to Lay Off 46 in Memphis

ACI Glass Products LLC plans to lay off 46 employees at its Memphis operation in late September, according to a notice filed by the company with the Tennessee Department of Labor and Workforce Development.

Local Weather
Currently
Memphis, TN
53.0°F
Overcast
Wind: North at 6.9 mph
Humidity: 35%

EVENTS

LeMoyne-Owen College and the United Negro College Fund will host the Hank Aaron Celebrity Sports Weekend and the 41st UNCF Black Tie Gala Reception Monday, Aug. 15, through Saturday, Aug. 20. A celebrity golf tournament will be held Monday at 7 a.m. at Spring Creek Ranch, 149 Chinquapin Drive. The News Channel 3 Sunset 5K Run/Walk will be held Aug. 19, at 7 p.m. A celebrity sports breakfast hosted by Elliot Perry will be held Aug. 20 at 9 a.m. on campus, 807 Walker Ave. The gala will be held Aug. 20 at 6 p.m. at Minglewood Hall, 1555 Madison Ave. Visit www.loc.edu.

more events »

Coverage Expansion Critical To TDN Legacy

Since its founding in 1886, The Daily News has been identified as the city’s paper of record, featuring legal notices and business listings that many companies, professionals and citizens have long relied on.

Countywide School Board Plans Make Different Recommendations to Court

The Memphis City School board recommends a seven district countywide school board with an election of that board to be held no later than March 2012.

Literacy Mid-South Aims to Combat Local Illiteracy

Literacy Mid-South executive director Kevin Dean and his staff stay busy spreading the word about the identity and mission of the nonprofit organization, the result of a merger last year between Memphis Literacy Council and Mid-South Reads.

Data Show Banks’ Q2 Health

Memphis-area banks are keeping their small-business lending activity relatively stable. Their consumer loans have risen slightly, and they’re reserving a lot less money to cover the cost of losses in their loan portfolios.

Independent Bank Inks One Commerce Lease

The second-largest bank based in Memphis is coming Downtown. Independent Bank has inked a lease to open a bank branch in the lobby of One Commerce Square, in addition to space for the bank’s financial planning division on the tower’s 23rd floor.

Turner Shifts From Fabricating Steel to Stone

Jonathan Turner did tough, manual-labor work with his hands for most of his life before opening his own small business, Turner Tile and Stone, in 2006.

LOCAL COLUMNISTS

Startups vs. Stay-Ups

There are 5,000-plus small businesses in Memphis and millions in the country, so the state of small-business ownership seems good. The problem is not starting up so much as staying up.

Victims To Victory

Last week we spotlighted Hope House, which is improving the quality of life for HIV-impacted children and their families by addressing their educational, social, psychological and health needs. This week let us explore an organization helping victims of crime move from crisis to comfort through Christ: Victims to Victory.

THE MEMPHIS NEWS

His Latest Flame

Elvis Presley’s empire now in hands of New York equity firm

There is Elvis Presley Boulevard and there is Graceland.

Schools Consolidation: Mays Issues Ruling

The Memphis City Schools and Shelby County Schools systems will be consolidated starting with the 2013-2014 school year.

Schools Consolidation: Summary of the Ruling

This is the conclusion of the schools consolidation case ruling by U.S. District Court Judge Hardy Mays from the Aug. 8 federal court ruling:

With Decision Made, Time to Start Working

There is still much work to be done and a few very important unresolved issues in the rapidly forming reality of schools consolidation.

Rock for Love: A Benefit With Edge

Five years ago, Marvin Stockwell and Jeff Hulett, the Church Health Center’s guitar-swinging public relations duo, decided to throw a benefit concert featuring local and regional bands.

A Few More Stops on the French 75 Cocktail Circuit

Several weeks ago, I wrote about the history of the French 75 cocktail and looked at two examples, one made by bartender Shawn Ilsley at Café 1912, the other concocted by Leanne Netherland at Circa.

Formerly Banished Grape Highlights Pared-Down Wine

Many people have heard of the wine called Muscadet, but fewer, probably, have heard of the grape that Muscadet is made from. That grape is – Education Alert! – melon de Bourgogne. It was banished from Burgundy in the 18th century because of its susceptibility to rot and mold and ended up way to the west, where the Loire river debouches into the Atlantic, around the city of Nantes. Muscadet – crisp and vibrant – is forever associated with fresh oysters and other seafood, for which it is perfectly suited; it’s also forever associated with blandness and shrieking acidity, because it’s produced in large quantities and mainly by cooperatives whose primary goal is getting the wine out there.

STATEWIDE

Tenn. Officials say State Pension Plan Strong

NASHVILLE (AP) – Tennesseee financial officials say they're confident the state's pension plan is in good long-term shape despite the recent Wall Street sell-off and the likelihood of continued stock market volatility.

Haslam: Don't Force Amazon Sales Tax Without Deal

NASHVILLE (AP) – Gov. Bill Haslam doesn't want lawmakers to require Amazon.com to collect Tennessee sales taxes unless the online retailer agrees first.

REGIONAL

TVA: Rate Increases Could be Considered

KNOXVILLE (AP) – A rate increase for Tennessee Valley Authority customers may be in the works when the utility's board meets Thursday in Knoxville.

NATIONAL BUSINESS

Business Stockpiles and Sales Both Rose in June

WASHINGTON (AP) – U.S. businesses added to their stockpiles for an 18th consecutive month in June, but the increase was the smallest in more than a year. Companies may be less confident amid declining consumer demand and growing fears of a recession.

Retail Sales Rose 0.5 Percent in July

WASHINGTON (AP) – Consumers spent more on autos, furniture, clothing and gas in July, pushing up retail sales by the largest amount in four months. The gain signaled that Americans are a little more confident in the economy and could helped dispel fears that the country is headed for another recession.

NATIONAL POLITICS

White House Rebukes GOP for Inflexibility on Taxes

WASHINGTON (AP) – The White House is sharply rebuking Republican presidential candidates for saying they would refuse to support a budget deal with even a 10-to-1 ratio of spending cuts to tax increases.

HEALTH CARE

Appeals Court Strikes Health Insurance Requirement

ATLANTA (AP) – A federal appeals court panel on Friday struck down the requirement in President Barack Obama's health care overhaul package that virtually all Americans must carry health insurance or face penalties.

White House Criticizes Court's Health Care Ruling

WASHINGTON (AP) – The White House is expressing confidence that it's constitutional to require people to have health insurance and believes that President Barack Obama's health care law will be survive all legal challenges in the end.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 55 55 20,821
MORTGAGES 44 44 24,405
FORECLOSURE NOTICES 23 23 8,633
BUILDING PERMITS 196 196 42,533
BANKRUPTCIES 55 55 13,957
BUSINESS LICENSES 22 22 6,423
UTILITY CONNECTIONS 56 56 13,567
MARRIAGE LICENSES 23 23 5,092

Weekly Edition

Issues | About

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