VOL. 126 | NO. 237 | Tuesday, December 6, 2011
AutoZone Inc. posted a fiscal first quarter profit of $191.1 million Tuesday, Dec. 6, up $19 million – or 11.1 percent – over the same period last year.
Husband, wife duo open four businesses Downtown
Downtown residents and visitors will soon be able to shop for the latest fashions and enjoy everything from a cup of joe to a fine-dining experience at any of four new businesses opening on South Main Street.
Next year will be slightly better for commercial real estate, but it’ll come at the cost of a shrunken industry.
Shelby County Schools superintendent John Aitken has promoted long-time Collierville High School principal Tim Setterlund as the school system’s assistant superintendent of research, planning and transition.
The day after the Shelby County Commission considered a one-time bonus for county government employees, the Memphis City Council will talk about a bonus for city employees.
The Luttrell administration had proposed an across the board 1.5 percent bonus for all employees as its first preference. The flat amount bonus as proposed by Commissioner Walter Bailey and approved by the commission will show up on Dec. 15 paychecks.
After receiving several competitive government grants, Memphis Bioworks Foundation is expanding its team by hiring for three new positions focused on bringing more bioscience industry jobs to the region.
As a homebuilder, philanthropist and body builder, Jimmy Moore is a well-rounded individual.
The ServiceMaster Company announced more changes in the ranks of its divisions Monday, Dec. 5.
The Memphis City Council will meet Tuesday, Dec. 6, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.
REAL ESTATE RECAP
Vacant Land, Near Shelby Forest Park, Sale Amount: $2.3 million -
Warren Nickolas Nunn has bought several large parcels of vacant land from the estate of William S. Howard Sr. for $2.3 million, financing it with a $2.5 million loan through Patriot Bank.
Lots of Ways to Lose Market activity in November was astounding, driven by the cacophonous debate over Europe’s imminent death or salvation. Of the 21 trading days in November, 10 were positive and 11 were negative. The trading range in the S&P 500, from high tick to low tick, equaled 10 percent. The average daily trading range was 2 percent. By the end of the month, the S&P 500 had gone nowhere.
It’s that time of year again when many people begin thinking about getting organized. There are two very different aspects of getting organized. One has to do with the physical side of getting organized, for example, creating a more orderly working environment. The other has to do with the mental side of getting organized and being more focused.
As pioneers in industrial real estate, we’ve forever beaten the drum about our area’s logistics prowess. We’ve been known as America’s Distribution Center for decades, with a transportation hub that boasts superior rail, roadway, river and air cargo access.
GOODLETTSVILLE, Tenn. (AP) – Dollar General Corp.'s fiscal third-quarter profit rose 34 percent, helped by strong November sales as customers continued to seek out bargains heading into the holiday season.
NASHVILLE (AP) – Nine Republican candidates have filed paperwork to be placed on the ballot for Tennessee's March primary.
DALLAS (AP) – A bankruptcy court judge has blocked big investors from selling their stock in bankrupt American Airlines parent AMR Corp.
WASHINGTON (AP) – A federal rule adopted Monday places tighter restrictions on how U.S. trading firms can invest their customers' money. The action comes amid a federal investigation into whether MF Global illegally tapped its clients' accounts before filing for bankruptcy.
WASHINGTON (AP) – Companies decreased their overall orders to U.S. factories in October for the second straight month, evidence that the economy remains weak despite other signs of improvement.
WASHINGTON (AP) – Service companies, which employ 90 percent of the U.S. work force, expanded at a slower pace in November and a measure of employment at those firms fell.
DETROIT (AP) – Subaru of America is recalling three of its car models and Honda Motor Co. is recalling some motorcycles, all because the brakes can malfunction.
NASHVILLE (AP) – Tourism officials in Tennessee are counting on football games and special events to keep the travel business steady during the usually slow month of December.
WASHINGTON (AP) – Democratic officials say a new payroll tax cut plan by Senate Democrats drops President Barack Obama's proposal to award the tax cut to employers in addition to every worker who draws a paycheck.
WASHINGTON (AP) – The cash-strapped U.S. Postal Service said Monday, Dec. 5, it is seeking to move quickly to close 252 mail processing centers and slow first-class delivery next spring, citing steadily declining mail volume.
WASHINGTON (AP) – FAA Administrator Randy Babbitt was placed on a leave of absence Monday and U.S. officials said his employment is under review following his arrest for drunken driving in suburban Northern Virginia.
WASHINGTON (AP) – President Barack Obama pressured Republicans in Congress on Monday to extend a payroll tax cut, saying the economic recovery is "still fragile" and middle class families need the money.
Arkansas State's Hugh Freeze has agreed to take the Mississippi job, according to a person familiar to the coaching search.
MEMPHIS (AP) – After winning a share of the Big East championship, Cincinnati will face Vanderbilt in the Liberty Bowl on Dec. 31.
NEW YORK (AP) – Pat Summitt and Mike Krzyzewski were selected Monday as Sports Illustrated's sportswoman and sportsman of the year.
NEW YORK (AP) – Make room in the toy box for the iPad.
LOS ANGELES (AP) – Microsoft Corp. is rolling out a new interface for its Xbox game console, one that allows you to navigate through music, movies, TV shows and games with the wave of your hand or the sound of your voice.