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VOL. 125 | NO. 238 | Wednesday, December 8, 2010

Haslam Names Gibbons Commissioner of Public Safety, Homeland Security

Shelby County District Attorney General Bill Gibbons is leaving the job as the county’s chief prosecutor to join the cabinet of Gov.-Elect Bill Haslam.

World Beaters

Mallory Alexander flourishing in face of dire economy

While many peer companies are contracting amid the recession, Mallory Alexander International Logistics continues to expand its third-party logistics (3PL) operations.

AutoZone Profit Increases 20 Percent

Memphis-based AutoZone Inc.’s net income increased 20 percent and diluted earnings per share increased nearly 34 percent during the first quarter of the company’s 2011 fiscal year, which ended Nov. 20.

Council Moves To Set Up School System Summit

Memphis city council members are setting up a summit meeting to talk about the political standoff between the county’s two public school systems.

Lewis Returns To MCS Board

Former assistant Memphis school superintendent and city school board member Sara Lewis won a return to the board Tuesday evening in a special runoff election.

Local Weather
Currently
Memphis, TN
78.0°F
A Few Clouds
Wind: South at 3.5 mph
Humidity: 90%

EVENTS

The Alliance for Nonprofit Excellence will hold a webinar Wednesday from 11 a.m. to noon. The topic is “Dashboard Driving: Communicating Information to Your Board.” Cost is $25 for members, $50 for nonmembers and $20 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

Hope House Opens Doors to Share Message

A daycare that serves young children and their families affected by HIV and AIDS will open its doors to the public Friday for a Holiday Open House and Donation Drop-Off.

MCS Takes Status Concerns to State Legislators

Memphis City Schools officials have told state legislators from Shelby County that they are opposed to special school district status for Shelby County Schools.

Moving County Lines Involves Heavy Lifting

Votes come and go. But partisans on each side of this year’s consolidation referendum have found new ways to keep the political tug of war going.

Lynch to Lead Playhouse’s PR, Marketing

Lisa Lynch has joined Playhouse on the Square as director of public relations and marketing.

Mark Twain on E-mail

Editor’s Note: This is the second in a three-part series.

Starring Back-Office Employees

Forget for a moment the employees who talk to your customers. This column is not about them. It’s about all the other people who have to do their jobs without ever even seeing or hearing from a customer. They may work in maintenance or accounting, IT or human resources. And while their jobs ultimately affect customer outcomes, they do so indirectly.

STATEWIDE

Bredesen Working Closely With Haslam on Budget

FRANKLIN, Tenn. (AP) – Democratic Gov. Phil Bredesen said Tuesday he is working closely with his Republican successor on the state's annual spending plan, but that all decisions on budget cuts will be "in the hands of the new governor."

Johnson Named Ag Commissioner Under Haslam

FRANKLIN, Tenn. (AP) – Republican Gov.-elect Bill Haslam on Monday named Julius Johnson as his agriculture commissioner.

NATIONAL BUSINESS

Consumer Credit Jumps by Most in More Than 2 Years

WASHINGTON (AP) – Consumer borrowing rose in October by the largest amount in more than two years, led by a big rise in the category that includes student loans.

More Auto Loans Going to Subprime Buyers

DETROIT (AP) – Consumers with less than stellar credit are getting car loans again as lenders loosen their standards, and the trend is likely to continue as more lenders get into the business.

Job Openings Rise in October to Most in 2 Years

WASHINGTON (AP) – Employers posted a sharp increase in job openings in October, raising hopes that hiring could pick up in the coming months.

BofA Unit Agrees to Pay $137M in Muni Bond Case

WASHINGTON (AP) – The government says Bank of America's securities division has agreed to pay $137 million to settle allegations by federal and state authorities that it made illegal payments to win business from towns and cities looking to invest proceeds from municipal bond sales.

Fewer Cities Report Decline in Unemployment Rate

WASHINGTON (AP) – Unemployment fell in more than half of the nation's largest cities in October while rising in nearly a third, offering a mixed hiring picture.

NATIONAL POLITICS

House Dem Leaders Not Persuaded by Obama on Taxes

WASHINGTON (AP) – House Democratic leaders have not been persuaded by President Barack Obama's arguments in favor of a tax deal he made with Republicans that would extend income tax rates for all Americans, including the wealthy.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 95 460 14,043
MORTGAGES 101 520 16,304
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 198 1,098 29,161
BANKRUPTCIES 48 285 9,323
BUSINESS LICENSES 26 123 4,603
UTILITY CONNECTIONS 45 277 10,236
MARRIAGE LICENSES 18 96 3,352

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