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VOL. 126 | NO. 165 | Wednesday, August 24, 2011

Medtronic Fiscal Q1 Profit Slips 1 Pct.

Medtronic Inc. on Tuesday, Aug. 23, reported its earnings fell 1 percent in the first quarter of its 2012 fiscal year, which ended July 29.

‘We’re OK’

French Fort homeowners wary of development

For decades, a residential area called French Fort, near the Metal Museum and Interstate 55, has thrived in isolation and anonymity.

Terminix Enters Joint Venture in India

Memphis-based Terminix has entered into its first non-franchise expansion outside North America with an India-based company.

TDN Core Enhanced By Added Biz Interests

2011 marks a big milestone in the story of The Daily News, which first began printing the legal notices and business listings that mark the ebb and flow of commerce in Memphis in 1886.

CCRFC Approves Bonds for Pyramid, Convention Ctr.

The Center City Revenue Finance Corp. has approved the bond financing that should make it possible to begin construction Oct. 1 on the adaptive reuse of The Pyramid.

Local Weather
Currently
Memphis, TN
58.0°F
Fair
Wind: Southwest at 8.1 mph
Humidity: 33%

EVENTS

Talk Shoppe will present “Earthquake Hazard Overview for the Mid-South” Wednesday, Aug. 24, from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

more events »

Corker: Government Could Learn from Realtors

U.S. Sen. Bob Corker learned early on in his construction business that as long as you’re chasing a profit, you can’t go broke.

Bradley Joins Food Bank As VP of Programs

Tonya M. Bradley has joined the Mid-South Food Bank as vice president of programs.

LOCAL COLUMNISTS

Understand Prospects’ Personalities

Strong salespeople read their prospects quickly and adapt their style accordingly. Prospects can generally be categorized as having one of four personality types: analytical, driver, amiable and expressive. Once you’ve determined their personality type, you can adapt your approach to ensure you build a solid relationship. After all, people relate most easily to those like them.

A Good Measure

Concord Hospitality is a company in North Carolina that owns 83 hotels that fly a variety of brand flags. Company founder Mark Laport’s goal is to be the employer of choice wherever his company operates. To do that, he focuses on four pillars: delivering quality, living integrity, supporting community and growing profitability.

STATEWIDE

Transfers From Tenn. 2-Year Schools Getting Easier

NASHVILLE (AP) – Students will be able to more easily transfer their credits from two-year to four-year schools under a plan announced on Monday.

O'Charley's Says Unit President Leaves

NASHVILLE (AP) – Restaurant operator O'Charley's Inc. said Monday the president of its O'Charley's chain has left the company.

NATIONAL BUSINESS

Big Banks Offer Payday Loans by Another Name

NEW YORK (AP) – Payday loans may be coming to a bank near you.

AP Survey: No Recession but Weakness Will Endure

WASHINGTON (AP) – Another U.S. recession is not likely over the next 12 months. Neither is any meaningful improvement in the economy.

S&P Chief Resigns; Hedge Fund Seeks Parent Split

NEW YORK (AP) – Standard & Poor's wild month continues.

FDIC: Number of Problem Banks Fell to 865 in Q2

WASHINGTON (AP) – The number of troubled banks tracked by the Federal Deposit Insurance Corp. fell in the April-June quarter, the first quarterly drop in five years. But growth in bank earnings slowed, a sign that the financial industry is feeling the effects of a weak economy.

H&R Block to Sell McGladrey Unit for $610M

KANSAS CITY, Mo. (AP) – H&R Block Inc. plans to sell its business consulting unit, RSM McGladrey, to accounting firm McGladrey & Pullen LLP for about $610 million, the tax preparer said Tuesday.

NATIONAL POLITICS

Administration Moves Plan to Ax Hundreds of Rules

WASHINGTON (AP) – The Obama administration disclosed plans Tuesday to cut or roll back hundreds of federal regulations, including some that will streamline tax forms at the Internal Revenue Service, let railroad companies pass on installing expensive new technology, and speed up the visa process for low-risk visitors to the U.S.

REAL ESTATE

U.S. New-Home Sales Fall, 2011 Could be Worst Year Yet

WASHINGTON (AP) – Sales of new homes fell for the third straight month in July, a sign that housing remains a drag on the economy. If the current pace continues, 2011 would be the worst year for new-home sales in nearly half a century.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 55 55 20,821
MORTGAGES 44 44 24,405
FORECLOSURE NOTICES 0 0 8,610
BUILDING PERMITS 0 0 42,337
BANKRUPTCIES 51 51 13,953
BUSINESS LICENSES 22 22 6,423
UTILITY CONNECTIONS 0 0 13,511
MARRIAGE LICENSES 23 23 5,092

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