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VOL. 126 | NO. 191 | Friday, September 30, 2011

Greyhound Station Listed for $2.3M

The Greyhound Bus Station in Downtown Memphis has been listed for sale by CB Richard Ellis Memphis for $2.3 million.

‘Many More Chances’

MERI’s cutting-edge Artis zee improves stroke, aneurism survival rate

It’s a race against time to prevent permanent damage when a patient suffers a stroke or aneurism, but doctors from near and far are training on a cutting-edge device that provides detailed digital images of a patient’s blood vessels during diagnostic and treatment procedures.

Business Booming as Greenline Turns 1

As the Shelby Farms Park Conservancy celebrates the first anniversary of the opening of the Shelby Farms Greenline with a party Saturday, Oct. 1, and a half-marathon Sunday, Oct. 2, along-the-trail businesses are celebrating a noticeable increase in volume.

Company Buys 11 Acres On Thousand Oaks

NAI Saig Co. has negotiated a pair of investment sales in recent weeks. Corolla Management Corp. has purchased two sites totaling 10.6 acres on Thousand Oaks Cove from Bank of Bartlett for $925,000.

Prescott Leads Schools Planning Commission

Former Memphis City Schools board member Barbara Prescott is chairman on the new schools consolidation planning commission.

Local Weather
Memphis, TN
Partly Cloudy
Wind: Variable at 3.5 mph
Humidity: 65%


Bank of America will host a free customer outreach event at which customers can meet face to face with home retention specialists to review options for home loan modifications Friday, Sept. 30, and Saturday, Oct. 1, from 8 a.m. to 8 p.m. at the Memphis Cook Convention Center, 255 N. Main St. To register or for more information, visit www.bankofamerica.com/homeownerevent or call 1-855-201-7426.

more events »

US Diplomats Tout Latin American Economies

Two United States ambassadors to Latin American countries and the U.S. Deputy Chief of Mission to Brazil are on tour in a recession-torn U.S. touting the booming Latin American economies to U.S. businesses large and small.

Perry Holds Memphis Fundraiser

After he introduced Texas Gov. and current GOP presidential candidate Rick Perry at a fundraiser in Memphis Wednesday, Tenn. Lt. Gov. Ron Ramsey spoke with The Daily News. He defended the recent controversial remarks and stance of Perry over immigration – specifically, over a Texas law that makes possible a college tuition break to the children of illegal immigrants there.

Staub Brings Small-Business Message Home

Small-business coach Robert Staub couldn’t have chosen a more ideal day and setting than Wednesday, Sept. 28, at Shelby Farms Park to complete his month-long, statewide “Grow Your Business Tour,” bringing strategy, support and camaraderie to Tennessee’s small-business owners.

QH Medical Supply Joins G’Town Chamber

QH Medical Supply hasn’t moved to a new location, but the company will celebrate its membership into the Germantown Chamber of Commerce with a ribbon-cutting ceremony Tuesday, Oct. 4.

Clark to Teach Via Technology As New Bodine Head of School

The Bodine School has named Josh Clark the new head of school in 2011 and beyond.


Crime is Down, But Who Knew?

IGNORANCE ISN’T BLISS. IT’S FRIGHTENING. Tonight, within the first 30 seconds after going on the air, someone wearing an expression of deep concern – and plenty of hair product and makeup – is going to stare into the camera and dramatically read the following shocking revelation off the teleprompter.

Replace Yourself, Sustain Your Board

It is neither good nor advisable to serve on a board forever. While you may be deeply committed to the organization or institution you serve, you need to rotate off the board at the appropriate time. At least for a little while. Term limits help a board sustain a freshness and new perspective that can be lacking when too many board members have served more than four to five years. It can be hard for an organization to change when its leadership is static and lacking in “new blood.” With too many people who have been on the board a long time, new board members can also feel frustrated when their ideas are not accepted, or the board seems “stuck in its ways.”


FedEx Opens Ill. Distribution Center With 200 Jobs

GRAYSLAKE, Ill. (AP) – FedEx Ground has opened a new distribution center in the Chicago suburbs that the company says will employ more than 200 full- and part-time workers. The state has promised the company half a million dollars in tax breaks and other incentives.


Governor's Proclamations Now Posted Online

NASHVILLE (AP) – The governor's official proclamations are now available online at the secretary of state's website.

Drunken Driving Arrests Up 39 Percent in Tennessee

NASHVILLE (AP) – The Tennessee Highway Patrol reports making 39 percent more arrests for drunken driving this year.


Biofuels Facility Set in Golden Triangle Area

STARKVILLE, Miss. (AP) – Gov. Haley Barbour is scheduled to tour the Golden Triangle Regional Landfill on Thursday where local officials will be building an operation to capture methane gas to produce electricity.


Survey: CEOs of Big Companies Foresee Less Hiring

WASHINGTON (AP) – Only about one-third of chief executives of the largest U.S. companies expect to hire or spend more in the next six months, down sharply from about half who said so three months ago.

FINRA Orders Raymond James to Pay Investors $1.69M

WASHINGTON (AP) – The Financial Industry Regulatory Authority fined Raymond James & Associates, Inc. a total of $425,000 and ordered the brokerage and financial adviser company to pay $1.69 million to investors for charging excessive commissions.

H&R Block to Get Rid of EXPRESSTAX Brand

KANSAS CITY, Mo. (AP) – H&R Block Inc. is stopping service under its EXPRESSTAX brand, which helped people who filed their taxes early and wanted refunds quickly.

Discover Faces FDIC Action on Protection Sales

NEW YORK (AP) – Discover Financial Services is facing an enforcement action by the Federal Deposit Insurance Corp. over the way it sold its payment protection, identity theft protection and other products.

Bank of America to Charge $5 Debit Card Fee

NEW YORK (AP) – Bank of America plans to start charging customers a $5 monthly fee for using their debit card to make purchases. The fee will be rolled out starting early next year.

Economy Gaining but Not Enough to Cut Unemployment

WASHINGTON (AP) – The economy is showing signs of modest improvement – not enough to reduce high unemployment but enough to ease fears that another recession might be near.


House Clears Spending Bill Averting Shutdown

WASHINGTON (AP) – A nearly empty House on Thursday passed a stopgap spending measure to avert a government shutdown this weekend and refill disaster aid coffers drained by a series of recent storms, fires and tornadoes.

House GOP Seeks to Cut Job Training, Heating Aid

WASHINGTON (AP) – Setting a collision course with Democrats that could drag out for months, House Republicans on Thursday unveiled plans to cut federal money for job training, heating subsidies and grants to better-performing schools.

Medtronic Spent $1.18 Million Lobbying in Q2

WASHINGTON (AP)Medtronic Inc., the world's largest medical device maker, spent nearly $1.18 million lobbying Congress in the second quarter on issues affecting its implants, according to a recent disclosure form.

Walgreen Q2 Lobbying Spending Grew to $630K

NEW YORK (AP) – Drugstore chain Walgreen Co. spent $630,000 lobbying the federal government in the second quarter, nearly double what the company spent a year ago.

Kroger Spent $100,000 on Lobbying in Q2

NEW YORK (AP) Kroger Co. spent $100,000 in the second quarter to lobby the federal government on topics related to pension laws, health care reform and online sales taxes, according to a disclosure report.


Rate on 30-Year Mortgage Falls to Record 4.01 Pct.

WASHINGTON (AP) – Fixed mortgage rates have fallen to historic new lows for a fourth straight week and are likely to fall further.


Document Shows How Phone Cos. Treat Private Data

NEW YORK (AP) – A document obtained by the ACLU shows for the first time how the four largest cellphone companies in the U.S. treat data about their subscribers' calls, text messages, Web surfing and approximate locations.

With Kindle Fire, Amazon's Digital Ambitions Burn

SAN FRANCISCO (AP) – Amazon's unveiling of the Kindle Fire tablet computer sends a bright-hot message: The online retailer is ready to rival iPad maker Apple in an effort to be the world's top digital content provider.

Privacy Groups Ask FTC to Investigate Facebook

NEW YORK (AP) – Nine privacy groups have sent a joint letter to the Federal Trade Commission saying it should investigate the ways Facebook collects data about users' online activity after recent changes to its site.

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PROPERTY SALES 89 322 8,071
MORTGAGES 93 381 9,580
BUILDING PERMITS 236 688 17,295
BANKRUPTCIES 52 207 5,613

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