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VOL. 126 | NO. 190 | Thursday, September 29, 2011

Recession Proves Tough for Medical Device Cos.

When the Great Recession began in 2008, the health care industry was one of the few said to be recession-proof, but 2011 has proved otherwise, at least for medical device makers.

From Yellow to Green

Local cab companies add hybrid vehicles to fleets

Yellow is the color traditionally associated with taxicabs, but in Memphis another cab color – albeit a metaphorical one – is gaining ground.

Schools Planning Commission Begins Work

The 21-member schools consolidation planning commission goes to work Thursday, Sept. 29, in a conference room at the city-county Office of Construction Code Enforcement in Shelby Farms.

Legislation Could Further Expand Facebook Sharing

Legislation is awaiting a vote in the U.S. House Judiciary Committee – of which U.S. Rep. Steve Cohen, D-Memphis, is a member – that would enable even more sharing of consumer information on Facebook.

Dinner & Divas to Benefit Sickle Cell Foundation

The Sickle Cell Foundation of Tennessee is hosting a dinner theater to fund future initiatives for the organization.

Local Weather
Currently
Memphis, TN
90.0°F
A Few Clouds
Wind: Variable at 5.8 mph
Humidity: 54%

EVENTS

The Harahan Bridge Project Lunch Presentation will be held Thursday, Sept. 29, at noon at the Cotton Museum, 65 Union Ave. Greg Maxted, executive director of the Harahan Bridge Project, will offer an overview of the obstacles and opportunities involved in bringing the vision to fruition. The event is free and open to the public. For more information or to reserve a space, email alumni@leadershipmemphis.org.

more events »

Ole Miss Honors Historian who Fought Racism

Students of University of Mississippi history professor Jim Silver will gather on the Ole Miss campus Friday, Sept. 30, to honor the historian who left Mississippi in the turbulent 1960s after a prophetic warning about the growing level of violent resistance to racial integration in the state.

IT Challenges From Phones Lunch Topic

A recent Morgan Stanley study predicted that by 2015, more than 50 percent of all Internet access will occur through a mobile device.

Field Helps Businesses Guard Intellectual Property

Attorney R. Mark Field is in the business of assisting clients with their information management needs. Many of these clients are corporations and business owners that use his expertise in guarding trade secrets – secrets that, if exposed, could remove any competitive advantage that may have been in place beforehand.

LOCAL COLUMNISTS

Who Do You Pay First?

Ray’s Take: After your paycheck is deposited, who do you pay first? The mortgage company? The credit card issuer? Why not make that first check out to yourself? After all, you’re the one who earned it!

More About Mondegreens

The columns on mondegreens and mis-sung lyrics generated reader mail. Randy Hyde writes, “I was in college before I realized I didn’t put my clothes in a chester drawers.”

MEMPHIS AREA

FedEx Spends $2.8 Million Lobbying in 2nd Quarter

WASHINGTON (AP) – Memphis-based FedEx Corp. spent nearly $4.9 million lobbying the federal government in the second quarter on legislation that would have made it easier for its workers to unionize, among other issues, according to a disclosure report.

E. Coli Scare Affects Ground Beef Bought in Memphis Area

CINCINNATI (AP) Tyson Fresh Meats Inc. is recalling about 131,300 pounds of ground beef – including some sold in the Memphis area and other parts of The Kroger Co.’s Delta Division – because a family in Ohio fell ill after eating meat produced by the company that was contaminated with E. coli, the U.S. Department of Agriculture reported Wednesday.

Timberlake to be Honored for Environmental Efforts

NEW YORK (AP) – Justin Timberlake has been lauded for his work in music, TV and film. Now he's about to get an accolade for trying to better the environment.

STATEWIDE

State had 800,000 Hits on Consumer Affairs Website

NASHVILLE (AP) – The state of Tennessee had almost 800,000 hits last year on the website for the Consumer Affairs Division of the Department of Commerce and Insurance.

Task Force to Aid Rural Economic Development

NASHVILLE (AP) – A state task force will set priorities for rural economic development.

State's Emergency Communications System Updated

NASHVILLE (AP) – The state's emergency communications system has completed the first phase of an update.

NATIONAL BUSINESS

Businesses Boost Orders for Equipment, Machinery

WASHINGTON (AP) – Companies ordered more machinery, computers and communication equipment in August, a positive sign for the slumping U.S. economy.

Unemployment Rates Fell in Majority of US Cities

WASHINGTON (AP) – Unemployment rates fell in roughly two-thirds of U.S. cities last month, despite zero job growth nationwide.

Moody's: New Generics Will Aid Some Supermarkets

NEW YORK (AP) – Moody's Investors Service said Wednesday that supermarkets with big pharmacy sections will get a small boost to their profits in 2012 as low-cost versions of some of the world's best-selling pharmaceuticals reach the market.

Wal-Mart Names Cheesewright to New Roles

BENTONVILLE, Ark. (AP) Wal-Mart Stores Inc. tapped David Cheesewright to fill the newly created roles of president and CEO of a new regional management team.

General Motors Workers Ratify New Labor Contract

DETROIT (AP) – Factory workers at General Motors have voted overwhelmingly to approve a new four-year contract with the company that has profit-sharing instead of pay raises for most workers and promises thousands of new jobs.

Halliburton Must Pay $200M for Defective Bolts

HOUSTON (AP) Halliburton Co. said Wednesday that as a result of an arbitration panel ruling, it must pay Barracuda & Caratinga Leasing Co. $200 million related to a claim Barracuda filed against a former Halliburton subsidiary.

Groupon Newest Deal to Reward Customer Loyalty

SAN FRANCISCO (AP) – Groupon has come up with another way for bargain hunters to save money as the online coupon distributor prepares to raise money from wary investors.

NATIONAL POLITICS

Shutdown Averted, but Deep Differences Linger

WASHINGTON (AP) – After the U.S. avoided a government budget crisis in the nick of time for third time this year, the public seems fed up with the nonstop partisanship that led to the close calls.

Obama Says He Can't Fix Immigration on His Own

WASHINGTON (AP) – Facing weakening support among Hispanics, President Barack Obama expressed deep frustration Wednesday over what he called an inaccurate and damaging perception that he can fix the nation's flawed immigration system on his own.

Obama Admin Approves 2 Solar Loans Worth $1B

WASHINGTON (AP) – The Energy Department on Wednesday approved two loan guarantees worth more than $1 billion for solar energy projects in Nevada and Arizona, two days before the expiration date of a program that has become a rallying cry for Republican critics of the Obama administration's green energy program.

UPS Spent $1.1M Lobbying the Government in Q2

WASHINGTON (AP)United Parcel Service Inc. spent nearly $1.1 million in the second quarter lobbying the federal government on issues that included climate-change legislation and aviation security rules, according to a disclosure report.

REAL ESTATE

Mortgage Fraud Reports Spike as Lawsuits Pile Up

VIENNA, Va. (AP) – The wave of lawsuits and other demands from investors in mortgage-backed securities contributed to a big spike in reports of likely mortgage fraud during the second quarter, according to a Treasury Department report.

HEALTH CARE

Justice Dept Wants Speedy Health Care Ruling

WASHINGTON (AP) – The Justice Department is joining calls by states and a business group for prompt Supreme Court review of President Barack Obama's health care overhaul.

TECHNOLOGY

Amazon Unveils $199 Kindle Fire Tablet

NEW YORK (AP) – Amazon CEO Jeff Bezos on Wednesday showed off the Kindle Fire, a $199 tablet computer, challenging Apple's iPad by extending its Kindle brand into the world of full-color, multipurpose devices.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 312 16,192
MORTGAGES 86 293 18,685
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 332 655 33,126
BANKRUPTCIES 50 237 10,737
BUSINESS LICENSES 26 112 5,198
UTILITY CONNECTIONS 0 127 11,344
MARRIAGE LICENSES 19 94 3,867

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