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VOL. 126 | NO. 245 | Friday, December 16, 2011

FedEx Earnings Up 76 Pct. to $497M

FedEx Corp.’s earnings rose significantly during the quarter ended Nov. 30, spurred by a jump in e-commerce during the Thanksgiving weekend, the company has announced.

Four-Star Forecast

Downtown hoteliers eye strong 2012 as occupancy rates improve

Recovery continues in the local hotel market, fueled in part by several Downtown luxury hotels that have experienced healthy business in 2011 and anticipate an even stronger performance next year.

Community Fdtn. Awards $330K to Nonprofits

The Community Foundation of Greater Memphis has awarded $329,338 in grants, most of it to help 20 nonprofits upgrade their technology and make other internal improvements to their organizations.

County Primary Ballot Set With 3 Exits and 2 DQs

The Shelby County Election Commission Thursday certified 16 candidates in the two sets of primaries for four county offices and one independent candidate who advances automatically to the Aug. 2 county general elections.

Tubing Maker Doubles Space in Willow Lake

A Memphis-based tubing supplier is renewing its lease and more than doubling its space in a distressed Hickory Hill industrial park.

Local Weather
Memphis, TN
Partly Cloudy
Wind: from the Southwest at 12.7 gusting to 23.0 mph
Humidity: 61%


Literacy Mid-South will host a holiday open house and book drive Friday, Dec. 16, from noon to 3 p.m. at its office, 902 S. Cooper St. Guests can bring new children’s books to donate to the book drive, which will serve children across the city. For more information, call 327-6000 or visit www.literacymidsouth.org.

more events »

Cos., Churches Deliver Christmas Cheer to Perea

Perched on a stool and wearing a blue-and-gray Memphis Tigers Santa hat, one-man-band Jeff Hulett led a group of preschoolers in singing “Feliz Navidad” Wednesday, Dec. 14, at Perea Preschool, located inside Klondike Elementary School in North Memphis.

Perl Addresses Local Airfare Concerns

Memphis has more passenger air service per capita than its population, said Arnold Perl, the chairman of the Memphis-Shelby County Airport Authority board.

Smith & Nephew Cuts Part of Tough Year for Industry

Smith & Nephew is the latest medical device maker to cut Memphis jobs in what’s proven to be a formidable year for the industry.

MALS Expands Fundraising Amidst Cuts

Memphis Area Legal Services Inc. is expanding its annual fundraising drive in both its amount and who the nonprofit is seeking donations from.

Pinnacle Facing Strong Headwinds

It’s been a rough week for Memphis-based Pinnacle Airlines Corp. The regional air carrier – in an age of capacity cuts by major airlines targeting regional carriers – saw its common shares drop to $1.02 per common share Tuesday at the end of the trading day. The stock closed Wednesday at $1.18, but was back down to $1.05 at close Thursday.


Vanderford Takes Camera to All Corners of Globe

Photographer Amie Vanderford spent her birthday last year in Nepal. She was thousands of miles from Memphis, but it was in some ways like she was right at home.


‘Gifts’ Worth Exchanging

AW, YOU SHOULDN’T HAVE. REALLY. Last week, I suggested we all look around for very merry Memphis things to give family and friends this year. I would be remiss if I didn’t also recognize a few of those folks who’ve been giving it to us, good and proper, all year long.

Recognize Who Makes Decisions

Editor’s note: Part one of a two-part series Which is more important: efficiency or innovation? Consolidation or diversity? Are the values and metrics of the private sector the same as those of the nonprofit sector? Should funding flow to institutions and organizations that demonstrate the greatest impact and serve the greatest numbers?


Renewal of Classic Rivalry Backdrop to Tigers’ Woes

Whether Josh Pastner has a firm grasp of how to best use the tremendous athletes at his disposal is up for debate.

Grizzlies Hope to Reward City With Parade

If you can’t be a little naïve and overly optimistic before the season starts, then when can you?

Cohen Among Playoff Supporters Launching Nat’l Campaign

WASHINGTON (AP) – Proponents of a college football playoff are launching a new national campaign aimed at taking down the BCS, and Rep. Steve Cohen of Tennessee is among the supporters.

NCAA Agrees to $500 Million Deal With ESPN

INDIANAPOLIS (AP) – The NCAA has agreed to a $500 million deal with ESPN to broadcast the championships in many of its sports through the 2023-24 school year.

Munchak: Assuming for Now That Hasselbeck Starts

NASHVILLE (AP) – Titans coach Mike Munchak says he is assuming Matt Hasselbeck is playing Sunday at Indianapolis until he sees otherwise. That's even though his veteran quarterback only watched practice Wednesday.


Temple-Inland Could Face Criminal Charges for Fish Kill

JACKSON, Miss. (AP) Temple-Inland Inc., which Memphis-based International Paper Co. in buying for $3.7 billion, faces a federal criminal investigation over an August spill that killed thousands of fish in the Pearl River south of its Bogalusa, La., paper mill.


State's Jobless Rate Lowest Since January 2009

NASHVILLE (AP) – Tennessee's unemployment rate in November dropped 0.4 percent to 9.1 percent, the lowest since January 2009.


Ramsey Floats Special Session on Health Care Law

NASHVILLE (AP) – Senate Speaker Ron Ramsey on Thursday floated the idea of holding a special legislative session next winter if it's still necessary for Tennessee to come into line with requirements set by President Barack Obama's health care law.


Job Market Brightens as Unemployment Claims Sink

WASHINGTON (AP) – The outlook for the job market is looking brighter.

AMR's American Eagle May Cut 223 Jobs in February

DALLAS (AP) – American Eagle, the regional-flying affiliate of American Airlines, may furlough 223 Texas-based pilots and flight attendants in February as the company cuts costs under bankruptcy protection.

Top Retail Trade Group Upgrades Holiday Forecast

NEW YORK (AP) – With the final Christmas countdown begun, the nation's largest retail trade group has upgraded its holiday sales forecast reflecting growing optimism that much more spending is to come.

US Factory Output Declined Sharply in November

WASHINGTON (AP) – U.S. manufacturing output fell in November for the first time in seven months.


Agreement Near on $1 Trillion Spending Bill

WASHINGTON (AP) – Bipartisan agreement is near on a massive $1 trillion-plus year-end spending package and should be reached in time avert a possible government shutdown this weekend, lawmakers said Thursday.

Optimism Growing on Deal to Avoid Federal Shutdown

WASHINGTON (AP) – The endgame at hand, Democratic and Republican congressional leaders expressed optimism Thursday at prospects for swift compromise to extend Social Security tax cuts, keep long-term jobless benefits flowing and avoid a partial government shutdown at midnight Friday.

White House Blasts New Medicare Plan by GOP's Ryan

WASHINGTON (AP) – The White House says a new bipartisan Medicare proposal would cause the health care program for seniors to "wither on the vine."

Obama: No Reason Government Should Shut Down

WASHINGTON (AP) – President Barack Obama says there is no reason for the government to shut down over Congress' struggle on how to extend a payroll tax cut.


Plan Would Lift Wages of Home Care Workers

WASHINGTON (AP) – Workers in the home health care industry – one of the country's fastest growing professions – would be guaranteed minimum wage and overtime protections under new rules proposed Thursday by the Obama administration.


FCC Contest Develops Apps for Government Services

MENLO PARK, Calif. (AP) – A cellphone application that tells residents when the next bus is coming is the winner of a competition held by the Federal Communications Commission to help Americans access government services.

Amazon Says It's Selling More Than 1M Kindles Per Week

SEATTLE (AP) – With the holiday shopping season in full swing, online retailer Amazon.com Inc. said Thursday that it has been selling more than 1 million of its Kindle devices each of the past three weeks.

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Blog News, Training & Events
PROPERTY SALES 95 253 13,695
MORTGAGES 96 261 15,827
BUILDING PERMITS 250 500 28,258
BANKRUPTCIES 57 178 8,828

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