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VOL. 126 | NO. 149 | Tuesday, August 2, 2011

Council to Approve Schools Budget

Memphis City Council members meet Tuesday, Aug. 2, to approve a budget for Memphis City Schools that is expected to include a monthly payment plan to cover $68.4 million in city funding.

Growing Innovation

Organizations help develop entrepreneurs’ ‘raw ideas’

The investors have been courted. Early-stage companies are about to enroll in the next round of a local training program.

CRE Sales Increase 20 Percent In June

Local commercial real estate sales improved in all categories last month, strongly aided by two big-ticket multifamily sales.

Grow Your Business Tour Takes Message Across State

Mid-South small-business coach Robert Staub is preparing to embark on a monthlong, statewide tour to bring his growth strategies to small-business owners in 13 Tennessee communities.

Bank of Bartlett Reports Loss for First Half of 2011

Bank of Bartlett lost a little more than $7 million from operations during the first six months of 2011.

Local Weather
Currently
Memphis, TN
74.0°F
A Few Clouds
Wind: South at 6.9 mph
Humidity: 91%

EVENTS

The Memphis Chapter of the Public Relations Society of America will host a professional development seminar Tuesday, Aug. 2, from 9 a.m. to 11 a.m. at the Holiday Inn University of Memphis, 3700 Central Ave. Joe Incardona of Media Source will conduct a seminar titled “Monitoring, Measuring and Giving Value to Social Media.” To register, call 754-9035 or visit www.prsamemphis.org.

more events »

Atlanta Investment Group Buys Holiday Inn Select

5795 Poplar Ave., Memphis, TN 38119, Sale Amount: $7.5 Million -
An Atlanta hospitality investment firm has paid $7.5 million for the Holiday Inn Select Memphis East at 5795 Poplar Ave. where Poplar and Interstate 240 intersect.

LOCAL COLUMNISTS

Priming to Improve Your Business

Knowledge is stored in an associative manner. In plain English, that simply means pieces of information that somehow relate to each other are linked in your brain. For example, if I say the word Graceland to most longtime Memphis residents, it will probably trigger a series of linked thoughts: Elvis, Lisa Marie, airplane, stone fence, graffiti, Whitehaven, tourists, and so forth and so on.

Preparing for New ‘Bottom Line’ on Leases

Part two of a two-part column. In part one of this two-part column, I shared with you that the Financial Accounting Standards Board (FASB) is in the processing of revising guidelines related to the accounting of leases, effectively eliminating the concept of an off-balance sheet operating lease. While the new guidelines aren’t yet finalized, these changes are likely to impact – in some way – almost any business that currently has operating leases. In this second part of the column, I’ll talk more about the potential impact and how to prepare for it.

When Goodbye Isn’t Good

For many managers, the toughest part of the job is parting ways with an underperforming employee. We’re so uncomfortable with the whole process of firing that we’ve resorted to other names, like laying off, separating and transitioning. But what may start as a desire to spare someone’s feelings can spiral into a destructive process.

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet Tuesday, Aug. 2, 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 AREA

International Paper Seeks Workers for Va. Mill

Memphis-based International Paper is seeking more than 200 workers for its fluff pulp plant in Franklin County, Va.

STATEWIDE

Cracker Barrel Names Cochran as its New CEO

LEBANON, Tenn. (AP) – Casual dining chain Cracker Barrel Old Country Store Inc. said Monday that President and Chief Operating Officer Sandra B. Cochran will become its CEO next month as part of a succession plan that has been in the works for two years.

State Publicizing New Photo ID Requirement to Vote

NASHVILLE (AP) – The Tennessee Department of State has begun a campaign to remind citizens about a new photo identification requirement for voting going into effect Jan. 2.

STATE LEGISLATURE

Legislators' Use of 'Sunset Law' Questioned

NASHVILLE (AP) – Recent disputes in the Tennessee legislature are once again raising questions about whether Tennessee lawmakers are using a 1970s anti-bureaucracy law to pressure regulatory agencies.

NATIONAL BUSINESS

July Another Weak Month for US Auto Sales

DETROIT (AP) – Car shoppers worried about the U.S. economy last month and that kept sales in a funk.

Sears Names New CEO of Lands' End Business

HOFFMAN ESTATES, Ill. (AP) – Sears Holdings Corp. said Monday that it has hired Edgar O. Huber as CEO and President of its Lands' End business.

Feds Say Drop in Cash Spent on Cigarette Promotion

RICHMOND, Va. (AP) – The nation's top tobacco companies are spending less money on cigarette advertising and promotion and more money on promoting smokeless tobacco products, according to the latest data from the Federal Trade Commission.

Manufacturing Growth Hits Lowest Level in 2 Years

WASHINGTON (AP) – Manufacturers had their weakest growth in two years in July, a sign that the economy could weaken this summer.

Feds Probe 2nd Ford-Made Vehicle for Wheel Problem

DETROIT (AP) – The government has added the Mercury Milan to an investigation into reports of wheel studs breaking on some 2010 model Ford Fusion sedans.

NATIONAL POLITICS

Debt-Limit Votes: Senate Momentum, House Concerns

WASHINGTON (AP) – The House began debate Monday on the hard-bargained plan to avert a national financial default, even as the White House and congressional leaders struggled to round up enough votes to approve it. Supporters said momentum for the deficit-reduction compromise was on their side, but resistance from both liberals and conservatives made the outcome unclear.

Senators to Offer Plan to End FAA Shutdown

WASHINGTON (AP) – Senate Democrats will offer a plan to end the shutdown of the Federal Aviation Administration that includes cuts in air service subsidies to some rural communities.

Small Spending Cuts to Have Little Economic Impact

WASHINGTON (AP) – The first phase of a deal to raise the government's borrowing limit would pose little threat to the economy in the short term because almost none of the spending cuts would occur before 2014.

REAL ESTATE

Construction Spending Rises 0.2 Percent

WASHINGTON (AP) – U.S. builders began work on more office buildings, shopping centers and hotels in June, pushing construction spending higher for a third straight month. But even with the gains, activity remains at depressed levels.

HEALTH CARE

Coverage With No Copay Extended to Birth Control

WASHINGTON (AP) – A half-century after the advent of the pill, the Obama administration on Monday ushered in a change in women's health care potentially as transformative: coverage of birth control as prevention, with no copays.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 140 16,020
MORTGAGES 0 145 18,537
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 323 32,794
BANKRUPTCIES 0 121 10,621
BUSINESS LICENSES 0 58 5,144
UTILITY CONNECTIONS 0 90 11,307
MARRIAGE LICENSES 0 60 3,833

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