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VOL. 124 | NO. 162 | Wednesday, August 19, 2009

Study to Analyze Lamar Freight Corridor

Thanks to an expanded BNSF Railway Co. intermodal terminal, direct access to the Southeastern U.S. and the bulk of the city’s warehouses and distribution centers, Lamar Avenue is a lifeline for Memphis’ logistics community.

Consolidation Looms Larger Than Ever

In a summer of political surprise and controversy, one of the local area’s most volatile and enduring concepts is about to surface again.

Methodist Rewarded For Quality

Methodist Le Bonheur Healthcare has gotten a head start on proposed health care reform incentives and a financial windfall for participating in a pilot program set up by the U.S. Centers for Medicare & Medicaid Services.

Tempers Flare As Goldin Dissolves Order in Lee Case

Shelby County Chancellor Arnold Goldin has dissolved an order requiring the former president and CEO of Memphis Light, Gas and Water Division and his attorneys not to spend money they got from a legal settlement with the city of Memphis.

Cash Sounds Off On Educational Quality, Financial Needs

Memphis City Schools Supt. Kriner Cash knew that most of the adults who came to this week’s school board meeting were there to talk about school buses – specifically the new schedule that got off to a controversial start with little public notice when the school year began this month.

Local Weather
Currently
Memphis, TN
79.0°F
Mostly Cloudy
Wind: Northeast at 10.4 mph
Humidity: 74%

EVENTS

The Liberty National Life Insurance Co. will hold a “We’re Hiring” event today at Hilton Memphis, 939 Ridge Lake Blvd., and Holiday Inn Select East, 5795 Poplar Ave. Interview times will be 9 a.m., noon, 3 p.m. and 6 p.m. For more information, visit www.lnlcareers.com.

more events »

Finch Appointed to Dean Position At UofM School of Nursing

Dr. Linda Finch has been appointed associate dean and director of undergraduate programs for the Loewenberg School of Nursing at the University of Memphis. Finch was previously an associate professor on the nursing faculty. She has been named an American Nurses Foundation Scholar by the American Nurses Association and is an active member of Sigma Theta Tau International, the honor society for nursing. She also has served on the editorial board of “The Tennessee Nurse.”

FedEx CEO Pay Down 26 Percent In FY ‘09

NEW YORK (AP) – The top executive at FedEx Corp. saw his total compensation package drop by about 26 percent to $7.7 million in fiscal 2009 – a year in which thousands of employees were laid off and others took pay cuts, an Associated Press analysis shows.

Analyst Upgrades AutoZone to 'Buy,' Shares Climb

NEW YORK (AP) - Shares of AutoZone Inc. climbed on Tuesday as an analyst upgraded the stock to "Buy," saying the auto parts retailer's do-it-yourself business is in better shape than investors think.

Rep. Susan Lynn to Run for State Senate

MT. JULIET, Tenn. (AP) - Republican Rep. Susan Lynn has announced she will run for the state Senate seat being vacated by Sen. Mae Beavers next year.

Single-Family Homebuilding Rises for 5th Month Nationwide

WASHINGTON (AP) – Construction of new single-family homes rose for the fifth-straight month in July as more buyers walked into model homes ready to sign contracts, the U.S. Commerce Department reported Tuesday.

Retailers' Results Top Estimates; Wariness Remains

NEW YORK (AP) - Target Corp. and Home Depot Inc. on Tuesday posted lower profits that still topped Wall Street expectations, but economic worries are likely to keep shoppers tight-fisted in the months ahead, executives predicted.

IATA Says Air Traffic Stabilized in June

NEW YORK (AP) - The International Air Transport Association on Monday said that worldwide passenger traffic may have stabilized in June, in part because lower fares got more people on planes.

Survey Shows US Automakers Making Improvements

NEW YORK (AP) - All three U.S.-based automakers are doing a better job of satisfying their customers than they were a year ago, according to a recent survey.

CIT Group Records $1.68 Billion Q2 Loss

NEW YORK (AP) - Commercial lender CIT Group Inc. said Monday in a regulatory filing it lost $1.68 billion in the second quarter, and again warned it might have to file for bankruptcy protection if it fails to restructure its business.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 83 363 9,932
MORTGAGES 91 378 11,692
FORECLOSURE NOTICES 14 53 1,687
BUILDING PERMITS 213 788 21,098
BANKRUPTCIES 50 213 6,650
BUSINESS LICENSES 40 125 3,564
UTILITY CONNECTIONS 30 139 4,122
MARRIAGE LICENSES 12 91 2,270

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