VOL. 126 | NO. 183 | Tuesday, September 20, 2011
Memphis-based AutoZone Inc., the largest auto parts retail chain in the U.S., delivered fiscal fourth quarter results Tuesday, Sept. 20, that included some record-breaking milestones and exceeded Wall Street analyst expectations.
Event highlights effort to reduce Memphis homeless population
The end of this month will mark the first three months of the new local effort with a goal of ending homelessness in the next 10 years.
Just days after Wright Medical Group Inc. announced it would cut its workforce by 6 percent, the Arlington-based maker of orthopedic medical devices on Monday, Sept. 19, announced Robert J. Palmisano will serve as its new president and CEO.
Midsouth Capital Fund I LLC – a fund formed by Memphis-based Boyle Investment Co. in late 2010 – has made its first acquisition in central Alabama with the $13.4 million purchase of Riverchase Village shopping center in Birmingham from Phillips Edison.
Memphis City Council members could vote Tuesday, Sept. 20, to add another item to the Nov. 8, 2012, election ballot topped by the presidential general election.
After they shut it down in June, law enforcement agents seized 153,634 counterfeit items from the now-defunct flea market that operated at 4233 S. Third St.
The first full week of early voting in advance of the Oct. 6 Memphis elections got a push with 1,684 citizens casting ballots on Friday, Sept. 16’s first day of the early voting period.
Memphis City Schools Superintendent Dr. Kriner Cash says two public school systems in Shelby County competing against one another and being compared to each other is a “false dichotomy.”
1333 Poplar Ave., Memphis, TN 38104, Sale Amount: $2.9 million -
The New York-based limited liability company ARC RNMPHTN001 LLC has bought a medical office building at 1333 Poplar Ave. from St. Louis-based BanBan Midtown Memphis LLC for $2.9 million.
AutoZone Tuesday, Sept. 20, reported quarterly results that cap what the company said is a “record-breaking” year, the same week the auto parts retailer is holding its 2012 national sales meeting here.
The Memphis City Council will meet Tuesday, Sept. 20, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St.
OK, I was minding my own business this week, leisurely reading my latest issue of Scientific American Mind magazine – not thinking about sex. Then I ran across an article titled “A Tale of Two Rodents.” It was actually the subtitle that grabbed my attention: “Rats teach a neuroscientist lessons of love – or at least sex.”
What Goes Down Pessimism gets old. After running from shadows for the last few weeks, markets turned last week and faced their fears. The news wasn’t good, but it was good enough to cheer a market suffering from “Armageddon hypochondria.” At this point of pessimism, survival can spark a rally. For a ringside seat to this shadowboxing match, observe the movements in the European Financial ETF.
NASHVILLE (AP) – A medical company is expanding its corporate headquarters in Franklin, Tenn., to create more than 260 jobs over three years.
CHATTANOOGA (AP) – A new website allows the more than 900,000 Tennesseans without health insurance to get medical information and search for the nearest clinic.
WASHINGTON (AP) – For someone known as a consensus builder, Federal Reserve Chairman Ben Bernanke sure generates – and shrugs off – a lot of dissent.
BOSTON (AP) – Fidelity Investments is opening five stock mutual funds that seek to keep investor costs low by passively tracking stock indexes, rather than relying on professional managers to pick investments.
NEW YORK (AP) – The scene this weekend at the last of the remaining Borders bookstores to close was more like a memorial service than a funeral. Shoppers reminisced fondly about their beloved bookseller rather than grieve its loss.
NEW YORK (AP) – Netflix Inc. is separating its DVD-by-mail business from the online movie streaming service it sees as the future of entertainment consumption.
WASHINGTON (AP) – President Barack Obama said Monday the U.S. Postal Service should be allowed to reduce mail delivery to five-days-a-week to help cut its massive losses.
WASHINGTON (AP) – It's not just millionaires who'd pay more under President Barack Obama's latest plan to combat the deficit.
COLUMBUS, Ohio (AP) – After years of expanding when and how people can vote, state legislatures now under new Republican control are moving to trim early voting days, beef up identification requirements and put new restrictions on how voters are notified about absentee ballots.
RALEIGH, N.C. (AP) – Government-controlled mortgage buyers Fannie Mae and Freddie Mac may reduce taxpayer risk by requiring more mortgage insurance from borrowers and charging lenders higher fees, steps that could increase borrowing costs, the head of their government caretaker agency said Monday.
WASHINGTON (AP) – The U.S. homebuilders' outlook worsened in September, as foreclosures and anxious buyers hurt construction and sales activity.