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VOL. 125 | NO. 160 | Wednesday, August 18, 2010

Baptist Drops Opposition to Olive Branch Hospital

Baptist Memorial Health Care will not appeal in court the Mississippi State Health Department’s decision allowing Methodist Le Bonheur Healthcare to build a hospital in Olive Branch.

CCRFC Plans Package to Woo Pinnacle

The Center City Revenue Finance Corp. will take several key steps at its meeting Thursday toward assembling the incentive package city leaders and an investor group hope will convince Pinnacle Airlines Corp. to bring its Memphis headquarters Downtown.

Memphis Movement

Bomar cultivates path forged by groundbreaking film

Memphis music producer Scott Bomar considers “Wattstax,” the concert documentary about Stax Records’ 1972 concert in Los Angeles, the “pinnacle of the Memphis music business.”

Dellinger Takes Readers on Trip Down Proposed I-69

When Matt Dellinger came to Memphis a few years ago to research the book he was writing on Interstate 69, he stumbled upon the Little Tea Shop on Monroe Avenue.

Memphis R&D Team Reinvents Dr. Scholl’s Brand

The Memphis-based research and development team behind Dr. Scholl’s has scored another hit with the latest innovation for the more than 100-year-old brand of foot care products.

Medtronic Plans Biologics Boost

The planned acquisition of Osteotech Inc. for $123 million announced Tuesday by Minneapolis-based Medtronic Inc. offers the company an opportunity to reinvigorate its biologics products.

Mayor Unleashes Lawyers in Fight Against Blight

Memphis Mayor A C Wharton Jr. is rolling out the latest tool his administration will use to clean up neglected and overgrown Memphis neighborhoods – attorneys.

Harris Joins Transnetyx as VP of Sales

Michael Harris has joined Transnetyx, a genetic diagnostics company, as vice president of sales for the company’s pharmacogenomics division.

A Rut and a Grave

While the actual activities take on different forms, at the end of the day, I’ve come to the realization that I’m a change agent for companies dissatisfied with their current sales and marketing outcomes. I was taken back recently by the clarity offered from an area CEO in this statement: “We can’t expect a different outcome if we aren’t willing to change what we’re doing.”

This Employee Benefit Proves to Be Helpful In Recruiting Good Employees

If you are the owner of a small business, you probably understand the difficulties in finding and keeping qualified employees.


Wal-Mart Q2 Profit Rises 3.6 Pct on Cost-Cutting

NEW YORK (AP) Wal-Mart Stores Inc. reported a 3.6 percent increase in second-quarter net income and raised its earnings guidance for the full year as it benefits from cost-cutting and robust global growth in China, Brazil and Mexico.

Wholesale Prices Rise on Higher Food Costs

WASHINGTON (AP) – Wholesale prices rose last month for the first time since March on higher costs for food, autos, pickup trucks and pharmaceuticals.

Starbucks Backs Outlook Even as Bean Prices Spike

NEW YORK (AP)Starbucks Corp. is backing its profit guidance for next year even as it deals with higher coffee prices, saying it will be able to absorb the costs.


Banking Execs Say Gov't Needs to Back Mortgages

WASHINGTON (AP) – The Obama administration invited banking executives Tuesday to offer advice on changing the government's role in the mortgage market. Their response: stay big.

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PROPERTY SALES 110 188 14,031
MORTGAGES 126 219 16,224
BUILDING PERMITS 170 411 29,164
BANKRUPTCIES 57 116 9,042

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