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VOL. 125 | NO. 165 | Wednesday, August 25, 2010

FedEx Leader Schmitt Leaves Memphis

After calling Memphis home for 12 years, FedEx executive Tom Schmitt is heading north to take a new job in Toronto as president and CEO of Purolator, Canada’s largest parcel transportation company.

Physician's Tool

Church Health Center adds to area’s health care arsenal

It takes a special place for people to change old habits that cause chronic health conditions.

Midtown CVS Approved By Council

Pinnacle Incentives Get Green Light

Memphis City Council member approved a CVS drug store at Union Ave and Cooper St. on a 10-2 vote that followed a two hour debate.

Medtronic Spinal Sales Dip 9 Percent

Sales of spinal products for Medtronic Inc. decreased 9 percent during the last three months.

Morris Issues SOS: ‘Save Our Skyline’

Center City Commission president Paul Morris has called it a campaign to save the city skyline.

Local Weather
Currently
Memphis, TN
59.0°F
A Few Clouds
Wind: East at 8.1 mph
Humidity: 54%

EVENTS

Talk Shoppe will present “Mastermind Principle” from the book “Think and Grow Rich” by Napoleon Hill Wednesday from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Drive. For more information, call 482-0354.

more events »

Luttrell’s Staff Filled With Familiar Faces

Shelby County Mayor-elect Mark Luttrell is taking some of his team from the sheriff’s department with him when he switches offices Sept. 1

New Lunch Series Brings Biz Leaders Together

The Lipscomb & Pitts Breakfast Club and the University of Memphis are teaming up to bring students, faculty members and business leaders together with the Leading Tomorrow Lunch Series.

Memphian Tapped for Leadership Role in Afghanistan

U.S. Army Gen. David Petraeus, the newly appointed top military commander in Afghanistan, was asked during the American Veterans Center Annual Conference in Washington in late 2009 to name a few of his heroes.

Mercer Capital Promotes Heinz to Senior VP

Nicholas J. Heinz has been promoted to senior vice president at Mercer Capital. Heinz joined Mercer Capital in 2000 and is a senior member of the Mercer’s investment banking corporate valuation division.

Avoid the Dreaded Hamster Wheel

One of the fastest paths to increasing revenue for about any business is to shorten the sales cycle with prospects you’re already calling on.

Home Sales Plunge 27 Percent to Lowest in 15 Years

WASHINGTON (AP) – Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices in many areas.

STATEWIDE

State Energy Rebate Program Under Way

NASHVILLE (AP) – Energy rebates administered by the state and the Tennessee Valley Authority began being available at noon Tuesday in Tennessee.

REGIONAL

15 Weekly Flights on Tap for Tupelo

TUPELO, Miss. (AP) – Delta Connection's last direct flight from Tupelo to Atlanta will end on Sept. 6.

TVA to Discuss Idling Coal-Fired Power Production

CHATTANOOGA (AP) – With the Tennessee Valley Authority looking to increase nuclear production of electricity, the utility's top executives are ready to describe a plan to curtail some coal-fired operations.

Barbour: Biofuel Project Tops Miss. Session Agenda

JACKSON, Miss. (AP) – Mississippi Gov. Haley Barbour is asking lawmakers to approve funding for a facility that would produce renewable fuel from trees.

NATIONAL BUSINESS

Interest Rates Fall After July Home Sales Plummet

NEW YORK (AP) — Interest rates are tumbling in the bond market after a sharp drop in sales of existing homes added to worries about the pace of the economic recovery.

Re-Defaults on Modified Mortgage Loans Falling

BOSTON (AP) – Homeowners who had mortgages modified recently are faring better than those who did so earlier in the housing crisis, according to a report released Tuesday, possibly debunking predictions of a huge wave of defaults to come.

NATIONAL POLITICS

Medtronic Spent $829,200 on Q2 Lobbying

WASHINGTON (AP) Medtronic Inc., the world's largest medical device maker, spent $829,200 lobbying Congress on issues affecting its products in the second quarter, according to a recent disclosure form.

Boehner Sees 'Ongoing Economic Uncertainty'

CLEVELAND (AP) – House Republican leader John Boehner on Tuesday urged President Barack Obama to support an extension of tax cuts and to fire key economic advisers, arguing that more than a year of "government as community organizer" has failed to revive the economy.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 122 17,665
MORTGAGES 82 150 20,576
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 151 334 36,150
BANKRUPTCIES 54 92 11,774
BUSINESS LICENSES 31 59 5,619
UTILITY CONNECTIONS 28 120 12,154
MARRIAGE LICENSES 24 49 4,406

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The Memphis News: Business, politics, and the public interest.