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VOL. 126 | NO. 254 | Friday, December 30, 2011

Electrolux Chooses W.G. Yates as General Contractor

Electrolux's Major Appliances Division has picked W.G. Yates & Sons Construction Co. as general contractor for construction of its manufacturing center in southwest Memphis.

'In the Middle'

Memphis remains heart of world trading economy

Memphis executives and business owners moving their goods around the world this year kept a close eye on international developments like the Arab spring and the Greek government’s fiscal crisis.

Negative Hits Keep Coming in 2011

While some of the Mid-South’s more than 3,000 nonprofit organizations received major gifts and successfully engaged new donor bases, the anemic economic recovery required others to hold a magnifying glass to their bottom lines in 2011.

Former Southaven Schnucks Leased to Superlo

The former Schnucks supermarket building at 975 Goodman Road in the Southaven Commons shopping center has been leased to Stepherson’s Superlo Foods.

No Memphis Sears, Kmart Stores on First List of Closures

No Memphis stores are in the first round of closings Sears Holdings Corp. has announced.

Local Weather
Today
Memphis, TN
68°F
Light Rain with Thunder
Wind: 9 mph
Humidity: 81%

EVENTS

Celtic Crossing will hold a New Year’s Eve Midnight Masquerade party Saturday, Dec. 31, at the restaurant, 903 S. Cooper St. DJ Tree will provide entertainment starting at 10 p.m. and the party will continue until 3 a.m. The party will benefit the Humane Society of Memphis & Shelby County. Attendees can choose from three price levels: $45 per person, which includes table seating, champagne and three-course dinner; $40 per couple, which includes table seating, appetizers and champagne; and $5, which includes entry and standard bar service. For more information or to reserve a spot, call 274-5151.

more events »

CRE Activity Stays Strong During 2011

Despite hard times, local commercial real estate firms were able to ink plenty of deals in the past 12 months.

Memphis Cruises Past Robert Morris 64-47

MEMPHIS (AP) – Memphis brought its defensive pressure and kept Robert Morris at bay for an easy win.

Permit Filed for $8M in Additions at SCO

Plans are under way for additional classroom space at Southern College of Optometry.

DeSoto Civic Center to be Renamed

The DeSoto Civic Center in Southaven will become the Landers Center on Sunday, Jan. 1.

MEMPHIS STANDOUT

Paragon’s Shaw Spearheads Bank’s Nonprofit Efforts

When talking about his financial institution, the president and CEO of Paragon National Bank leaves the impression that a person needs to have the spirit of a community volunteer to work at the small, Memphis-based bank he leads.

SPORTS

Excitement of NBA Returns to Memphis

The NBA lockout was in large measure about protecting, even enhancing, competitive balance in the league. So it was only right that the first home game of the Memphis Grizzlies’ season offered a reprise of their seven-game playoff series last season with the Oklahoma City Thunder.

Vandy Proves That Winning Is Possible

Hope has come to town in the form of the Vanderbilt football team and its first-year head coach James Franklin.

Titans Coach Munchak Aiming for Playoff Berth

NASHVILLE (AP) – Mike Munchak takes his Tennessee Titans to Houston with a chance Sunday to cap his first season as an NFL head coach with a playoff berth.

LOCAL COLUMNISTS

Take a New Look at City’s Positives

NEW YEAR INDEED. As 2012 dawns, we’ll be able to see a number of things in a positive, new light – if only we’ll allow ourselves to look at it that way.

Politics Can Be Minefield For Nonprofits

2012 promises to be an action-packed year with presidential elections and the accompanying debate, competition, advertising and promises. Politics will definitely be in the air. And they may find their way to the doorstep of a nonprofit you are involved with. That could be good news – an elected official who believes in your cause, who wants to help attract attention and funding to your organization. Or is it?

STATE GOVERNMENT

Suit Claims Immigration Policy Made in Secret

NASHVILLE (AP) – A lawsuit filed in Nashville claims a new policy that instructs Tennessee jailers on how to investigate the immigration status of detainees is illegal because it was crafted in secret.

NATIONAL BUSINESS

Some Sears' Ratings Put on CreditWatch Negative

NEW YORK (AP) – Standard & Poor's Ratings Services is putting some of Sears Holdings Corp.'s ratings on negative CreditWatch after the company announced weaker-than-expected holiday sales and said it would close 100 to 120 of its Sears and Kmart stores.

Bargain Hunters Divided Shopping Season Into 2

NEW YORK (AP) – The holiday shopping season turned out to be two seasons: the Black Friday binge and a last-minute surge.

REAL ESTATE

Contract Signings for US Homes Up in November

WASHINGTON (AP) – The number of Americans who signed contracts to buy homes in November rose to the highest level in a year and a half.

Fixed Mtg. Rates End Year Above Record Lows

WASHINGTON (AP) – Fixed mortgage rates rose slightly this week off their record lows. The year ends much like it began, with few people able to take advantage of the best rates in history.

HEALTH CARE

Walgreen Expects to Lose Most Express Scripts Biz

Drugstore operator Walgreen Co. said Thursday it expects to lose almost 90 percent of prescriptions handled by pharmacy benefits manager Express Scripts Inc. after it leaves Express Scripts' networks on Jan. 1.

TECHNOLOGY

Amazon Says 2011 ‘Best Holiday Ever’ for Kindle

SEATTLE (AP) – Online retailer Amazon says 2011 was the best holiday ever for its Kindle-brand e-readers and tablet computers.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 81 217 5,290
MORTGAGES 94 276 6,985
FORECLOSURE NOTICES 22 72 1,628
BUILDING PERMITS 384 712 12,691
BANKRUPTCIES 66 241 5,541
BUSINESS LICENSES 27 85 2,146
UTILITY CONNECTIONS 52 234 7,292
MARRIAGE LICENSES 10 53 1,511

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