VOL. 126 | NO. 159 | Tuesday, August 16, 2011
The end of a bidding process that began in June for the Memphis-based investment banking franchise of Regions Financial Corp. may be near.
Bartlett chamber’s Vision 20/20 campaign promotes area industries
Growth is the buzzword in Bartlett and Northeast Shelby County, where the Bartlett Area Chamber of Commerce is in the midst of the second phase of a comprehensive economic development strategy zeroing in on four growth industries.
Joseph “Joe” DeVivo, former president of Smith & Nephew’s Memphis-based Orthopaedic Reconstruction and Trauma division, has been appointed executive leader of AngioDynamics, an Albany, N.Y.-based provider of medical devices for vascular access, surgery, peripheral vascular disease and oncology.
Germantown Mayor Sharon Goldsworthy is recommending the city hire a consulting firm to research the creation of a municipal school district.
Memphis attorney Lucian T. Pera is the new treasurer of the American Bar Association.
When Memphis City Council members hear Tuesday, Aug. 16, that the Bass Pro Shops conversion of The Pyramid is again ready to move, they also will be asked to approve a pair of resolutions to finance a city buyout of county government’s interest in the Memphis Cook Convention Center as well as the development of the nearby Pinch District.
Local homebuilder permits saw a healthy bump last month, and industry experts said the rest of year looks promising as well.
All eight of the entities involved in the schools consolidation case in Memphis federal court agree that the Shelby County Commission should draw the district lines for a new countywide school board.
Yosemite Sam’s, the longest-running existing business in Overton Square, will close Aug. 27, according to the owner, Faye Pannell.
2240 Democrat Road, Memphis, TN 38132, Sale Amount: $4.4 million -
New Jersey-based Alpha Hospitality Ventures LLC has bought Memphis Airport Hotel & Conference Center property at 2240 Democrat Road for $4.4 million at a substitute trustee’s – or foreclosure – sale. The deal closed July 22. The seller was Lloyd C. Kirkland, appointed in June as substitute trustee.
According to many who study behavior, happiness is the most sought-after thing in the world. That’s a pretty strong statement; however, I agree with those who believe this. I do not believe the folks saying this are talking about happiness in a sense that you are always laughing, or partying or dancing in the streets. That may or may not be the case. I think they are talking about happiness in the sense that you feel peaceful, serene, content, joyful or satisfied.
Back to the Future As investors, we view volatility as a distraction. Successful defensive strategies engage prior to drawdowns, and successful offensive strategies engage into them. Before we can settle on the right strategy, however, we must determine which game we are playing.
The Memphis City Council will meet Tuesday, Aug. 16, 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.
MEMPHIS (AP) – Elvis Presley fans love an anniversary.
NASHVILLE (AP) – Finance Commissioner Mark Emkes says Tennessee should hold on to a $28 million general fund surplus as a reserve against a potential downturn in state tax collections.
NASHVILLE (AP) – A local newspaper is reporting Gov. Bill Haslam's stake in a $5.5 million loan guarantee was sold to a prominent Knoxville developer three days after the original transaction was uncovered.
KNOXVILLE (AP) – Scripps Networks Interactive Inc., the owner of Food Network, HGTV and Travel Channel, said Monday that it will buy Virgin Media's stake in U.K. television company UKTV for 239 million pounds ($391 million).
KNOXVILLE (AP) – Tennessee Valley Authority residential customers will pay a lower fuel cost on September bills, with the decrease ranging from 50 cents to $1.50.
SAN FRANCISCO (AP) – Google Inc.'s $12.5 billion deal to buy cellphone maker Motorola Mobility Holdings Inc. is aimed at giving the Internet search leader more legal firepower as it battles Apple Inc. and Microsoft Corp. to gain the upper hand in the increasingly important mobile computing market.
NEW YORK (AP) – Wal-Mart Stores Inc., the world's largest retailer, is expected to announce Tuesday that its second-quarter profit rose with higher international sales and a focus on cutting expenses, but its earnings report also is likely to show weakness remains in its U.S. Walmart stores.
CHARLOTTE, N.C. (AP) – Bank of America Corp. plans to sell its $8.6 billion credit card business in Canada to TD Bank Group and will exit its credit card businesses in the United Kingdom and Ireland.
WASHINGTON (AP) – Foreign investors cut their holdings of U.S. Treasury debt in June for the first time in more than two years. The decline came at a time of anxiety about whether the U.S. would raise its borrowing limit.
WASHINGTON (AP) – U.S. homebuilders are just as pessimistic about the depressed housing market as they were two years ago.