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VOL. 126 | NO. 181 | Friday, September 16, 2011

MSCAA Approves $52M in Projects

With the reauthorization of the Federal Aviation Administration moving in Congress, the Memphis-Shelby County Airport Authority board of commissioners approved a logjam of more than $28 million in construction projects and contracts. Nine contracts approved at the Thursday, Sept. 15, meeting include everything from a new dump truck with a snow plow to elevator and escalator replacement to improved security technology.

Grocery Shakeup

Schnucks’ departure sign of changing market

Despite facing stiff competition in Memphis from discount chains and department stores that have wedged rows and rows of cheap grocery offerings into their inventories, The Kroger Co. is feeling good about its position here.

Obsidian PR Preps For South Main Move

Obsidian Public Relations is relocating less than a mile from its current office, in efforts to establish a presence in the South Main Historic Arts District by having its own creative space that will allow plenty of room for growth.

Wissman Claims Arlington Mayor's Race

Shelby County Schools board member Mike Wissman is the new mayor of Arlington.

FAA Fines Pinnacle Subsidiary $1.9 Million

The Federal Aviation Administration intends to fine Colgan Air Inc., part of Memphis-based Pinnacle Airlines Corp., $1.9 million for a 2009 problem in its training of flight attendants that came to light during the 2010 investigation of a crash of a Colgan jet in Buffalo, N.Y., that killed 50 people.

Local Weather
Currently
Memphis, TN
44.0°F
Fair
Wind: North at 8.1 mph
Humidity: 55%

EVENTS

The Memphis Fisk Alumni Club will host the General Alumni Association’s southern regional conference Friday, Sept. 16, through Sunday, Sept. 18, at The Peabody hotel, 149 Union Ave. The conference will begin Friday from 7 p.m. to 9:30 p.m. with the premiere of the documentary “Last Championship Teams.” Workshops will be held throughout Saturday. Also on Saturday, a philanthropy luncheon will be held at 12:30 p.m. and a black-tie dinner benefit at 7 p.m. The luncheon and dinner are open to the public. Call 230-5568 or email alumni@fisk.edu.

more events »

Wright Medical Cutting About 80 Employees

Arlington-based Wright Medical Group Inc. plans to cut its workforce by 6 percent, or about 80 employees.

Saint Francis Partners for Prostate Event

Saint Francis Hospital, the American Urological Association Foundation and the National Football League, are sponsoring a free men’s prostate event Tuesday, Sept. 20, at 6 p.m. at Saint Francis Hospital.

Project Homeless Connect Gives One-Stop Help

The joint city-county effort to end homelessness in the next 10 years goes to the streets Friday, Sept. 16, for its kickoff.

Early Voting Kicks Off Friday in City

Early voting begins Friday, Sept. 16, in advance of the Oct. 6 city of Memphis Election Day. Voters across the city can cast early ballots in the races for Memphis mayor, City Council, City Court clerk and City Court judges at 16 locations through Oct. 1.

Lease on Former Three Alarm Studio in Foreclosure Again

The leasehold on a former Downtown Memphis fire station with a checkered 25-year history and a strategic location – 200 Linden Ave. – is facing foreclosure again.

Erica Gorman Named Habitat’s Volunteer Manager

Erica Gorman, former volunteer and events coordinator at Habitat for Humanity of Greater Memphis, was recently promoted to volunteer manager.

LOCAL COLUMNISTS

Good Old Brand-New

NEW URBANISM MAKES GOOD, OLD COMMON SENSE. As Chooch Pickard, executive director of the Memphis Regional Design Center, rolled through his PowerPoint, I was struck by a powerful, hopeful, sense of déjà vu.

Federal Grants in Changing Times (Part 4)

Part four in a four-part series With changes in the economy and the political landscape in Washington, many organizations are grappling with changes to federal funding that has supported their work in the past. Others are preparing for cuts or restrictions they believe are on the horizon.

STATEWIDE

Tenn. August Unemployment Rate Drops to 9.7 Percent

NASHVILLE (AP) – Tennessee's August unemployment rate of 9.7 percent decreased slightly from the previous month.

Gibson Guitar Chief Says Feds Want to Talk

NASHVILLE (AP) – Federal officials have asked to meet next week with owners of Nashville-based Gibson Guitars following a raid last month, the company's CEO says.

Hospital Operator HCA to Buy Back Stock From Bank of America

NASHVILLE (AP)HCA Holdings Inc. said Thursday that it will buy back about $1.5 billion of its shares owned by Bank of America Corp., one of the lead underwriters from the hospital operator's initial public offering of stock last March.

Tenn. in Talks With GM Over Spring Hill Plant

NASHVILLE (AP) – Gov. Bill Haslam's office confirms that the state is in talks with General Motors to expand production at the automaker's Tennessee plant.

Alcoa Getting 160 Full-Time Jobs, Maybe 550 Later

NASHVILLE (AP) – State officials say a company is expanding in Alcoa, Tenn., creating 160 full-time jobs.

Trial Starts on Damage Lawsuits in TVA Ash Spill

KNOXVILLE (AP) – The first federal trial on lawsuits seeking damages from the Tennessee Valley Authority's huge coal ash spill in East Tennessee has started in federal court in Knoxville.

NATIONAL BUSINESS

Inflation Squeezing Consumers in Weak Economy

WASHINGTON (AP) – Consumers are spending more to fill their tanks, feed their families and pay the rent. At the same time, the number of people applying for unemployment benefits has reached the highest level in three months.

Unemployment Benefit Requests Jumped to 428K

WASHINGTON (AP) – The number of people applying for unemployment benefits jumped last week to the highest level in three months. It's a sign that the job market remains depressed.

Factory Output Mostly Weak in August Outside Autos

WASHINGTON (AP) – Manufacturing was mostly weak in August, a troubling sign for the U.S. economy. But auto production increased for the second straight month, as supply chains improved after months of delays caused by the Japan crisis.

Nucor Projects Lower-Than-Expected Q3 Profit

CHARLOTTE, N.C. (AP) Nucor Corp. on Thursday projected a third-quarter profit below average Wall Street predictions, citing lower steel prices and metal margins.

Netflix Lowers Subscriber Forecast, Shares Fall

NEW YORK (AP)Netflix Inc. lowered its expectations for U.S. subscribers for the third quarter by 4 percent on Thursday, just weeks after separating its DVD and streaming services, which increased the price for customers who want both.

Google, Lawyers Get More Time for Digital Library

NEW YORK (AP) – Lawyers for authors, publishers and Google on Thursday bought themselves more time to reach a deal to create the world's largest digital library, telling a judge they were making progress in settlement talks but had agreed to proceed toward a trial of the 6-year-old copyright case on a slow track.

UPS Doesn't See US Headed for Another Recession

UPS is sticking with its earnings forecast for the full year despite what it warns will be a "bumpy ride" for the global economy.

Mrs. Obama Applauds Olive Garden 'Healthier Food' Announcement

HYATTSVILLE, Md. (AP) — Michelle Obama said Thursday that a pledge by the Olive Garden and Red Lobster restaurants and their sister chains to serve healthier meals is a "breakthrough moment" for the industry.

NATIONAL POLITICS

Postal Service Proposes Cuts in Processing Centers

WASHINGTON (AP) – The financially troubled Postal Service said Thursday it may close more than 250 mail processing facilities across the country and plans to reduce service standards for first-class mail in an effort to cut costs.

Members of Deficit-Reduction Panel Meet in Private

WASHINGTON (AP) – Members of Congress' debt reduction supercommittee said Thursday that their assignment of finding ways to reduce government red ink won't be simple.

Obama Debt-Taming Plan Would Spare Social Security

WASHINGTON (AP) – The White House says President Barack Obama won't include cost-cutting changes to Social Security in his proposal to reduce long-term deficits, a signal that he could move away from some other cuts in benefit programs that he was ready to support during failed summer negotiations with House Speaker John Boehner.

US House Passes Bill Targeting Boeing Labor Case

WASHINGTON (AP) – The Republican-dominated House approved a bill Thursday that would undercut the government's labor dispute with Boeing Co., wading into a case that has angered business groups and become a major political issue in the Republican presidential primary.

REAL ESTATE

Rate on 30-Year Mortgage Falls to Record 4.09 Pct.

WASHINGTON (AP) – Fixed mortgage rates fell to the lowest level in six decades for the second straight week. But few Americans can take advantage of the historically low rates.

HEALTH CARE

Medicare Advantage Premiums Dip, Enrollment Rising

WASHINGTON (AP) – Turning a usually routine announcement into a pointed rebuttal of its GOP critics, the Obama administration said Thursday that premiums for popular Medicare Advantage insurance plans will drop for 2012, while enrollment is expected to rise.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 198 5,732
MORTGAGES 0 232 6,832
FORECLOSURE NOTICES 0 58 1,088
BUILDING PERMITS 0 570 12,155
BANKRUPTCIES 0 165 4,253
BUSINESS LICENSES 0 97 2,276
UTILITY CONNECTIONS 0 115 2,495
MARRIAGE LICENSES 0 53 1,180

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