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VOL. 126 | NO. 184 | Wednesday, September 21, 2011

Medtronic Says it has Prevailed in Spinal Patent Suit

MINNEAPOLIS (AP) – Medical device maker Medtronic Inc. said Tuesday that a federal jury has ordered rival NuVasive to pay $101.2 million in damages for infringing on three of Medtronic's spinal patents.

Changing Industry

Thompson’s retirement signals end of era in advertising biz

Society’s fascination with the advertising and public relations industry is far-reaching and well documented.

AutoZone Breaks Sales, Profit Records

Memphis-based AutoZone Inc., the largest auto parts retail chain in the U.S., delivered fiscal fourth quarter results Tuesday, Sept. 20, that included some record-breaking milestones and exceeded Wall Street analyst expectations.

cs2 Finalizes Acquisition Of Thompson

Two Memphis advertising agencies are combining forces to become one of the largest full-service firms in the Mid-South.

Morgan Keegan Advisers Leave Firm

In recent days, teams of Morgan Keegan & Co. Inc. advisers either are talking about leaving or have already begun departing the Memphis-based investment firm, for which sale talks continue to drag on.

Local Weather
Memphis, TN
A Few Clouds
Wind: Northwest at 9.2 mph
Humidity: 53%


The Center City Development Corp. board of directors will meet Wednesday, Sept. 21, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St.

more events »

Feds Still Mum on Reason for Gibson Raids

Federal officials have shed a little light on last month’s raid of Gibson Guitar Corp. facilities in Memphis and Nashville – without really revealing much at all.

Council Rejects Charter Change Referendum on Tax Hike Votes

The ballot referendum proposed by council member Kemp Conrad Tuesday, Sept. 20, was voted down months after the council approved a “one time only” 18-cent property tax hike in its budget season deliberations.

Medtronic Pedicle Screws Receive FDA Clearance

Medtronic Inc. has received a second clearance from the U.S. Food and Drug Administration to use pedicle screws, already widely used in spine surgeries, to treat adolescent idiopathic scoliosis (AIS).

City Candidates Meet in Forum

The crowds are small and the questions familiar. The forums for candidates on the Oct. 6 Memphis ballot, in other words, are a lot like past forums.

SRVS Receives Four Grants

SRVS recently received several grants. The United Way of the Mid-South awarded SRVS its G. Bradley Wanzer Award for Excellence. With the award, SRVS received $25,000 to continue its work of supporting people with disabilities in the community and building a new day center as part of its capital expansion project “Building Dreams Campaign.”

Sneed Promoted At Humane Society

Kerry Sneed has been promoted to community outreach and humane education coordinator at the Humane Society of Memphis.


The Price Is Right

Your pricing strategy is crucial to generating strong profitability. Before you can set the right price, you must first know the cost of producing and delivering your product or service (variable costs), as well as the amount of operating expense (fixed costs) required for every unit or service sold. These two figures combined make up your total cost. If you don’t know your total cost, your pricing strategy is a mere dart game.

Early Teaching Helps Children Later

With the recent decision to consolidate our schools, as well as an influx of money from the Gates Foundation and the federal government’s Race to the Top, this should be a pivotal moment for our community.

Businesses in the Midst Of Leadership Crisis

The news bombards us every day with stories about major corporations failing, government spending spinning out of control, and political and corporate leaders marching off to jail.


Memphis Honored for Being Bicycle-Friendly

MEMPHIS (AP) – Memphis City Hall has been honored for being bicycle friendly.


Retailers: Lost Online Taxes Cost Tenn. 6,000 Jobs

NASHVILLE (AP) – A group representing brick-and-mortar stores says forgone tax collections from online sales are costing Tennessee more than 6,000 jobs.

Proposed GM Deal has 1,700 New Spring Hill Jobs

SPRING HILL, Tenn. (AP) – A proposed General Motors Co.-United Auto Workers contract includes 1,700 new jobs at the plant in Spring Hill. The work was originally slated for Mexico.

Long Wait at Tenn. License Centers Grows Longer

NASHVILLE (AP) – As thousands of older Tennessee residents prepare to visit driver service centers to get the photo IDs required by a new state voting law, they should be ready to stand in line a long time.

State Consumer Officials Warn About Email Scam

NASHVILLE (AP) – The Tennessee Department of Commerce and Insurance Consumer Affairs Division is warning about emails that request participation in a survey and promise a gift card in return.

Librarians Help Parents With Literacy Skills

NASHVILLE (AP) – Public librarians across the state are learning new ways to help parents increase the early literacy skills of children.


Stock Buybacks Rise for 8th Consecutive Quarter

BOSTON (AP) – America's biggest corporations rewarded shareholders by spending more money on stock repurchases for the eighth consecutive quarter.

IMF: World Economy Enters 'Dangerous New Phase'

WASHINGTON (AP) – The world economy has entered a "dangerous new phase," according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe through the end of next year.

Feds: Full Tilt Poker Site was Ponzi Scheme

NEW YORK (AP) – An Internet poker company that was blocked from operating in the U.S. in the spring as part of an online gambling crackdown was "not a legitimate poker company, but a global Ponzi scheme," federal prosecutors said Tuesday.

Google Opens Plus Social Network to Everyone

NEW YORK (AP)Google Inc. has opened up its Google Plus social network to everyone after testing it with a limited audience for 12 weeks.


Disaster Aid Showdown Looms on Capitol Hill

WASHINGTON (AP) – The Democratic leader of the Senate says he'll try this week to add almost $7 billion in disaster aid to must-pass legislation to avert a government shutdown.

FBI: Violent Crime Down by 6 Percent Last Year

WASHINGTON (AP) – Violent crime dropped 6 percent in 2010, marking the fourth straight year-to-year decline, while property crime was down for the eighth straight year, falling 2.7 percent, the FBI said Monday, referring to crimes reported to authorities.


August Home Building Fell 5 Pct., Slide Continues

WASHINGTON (AP) – U.S. builders broke ground on fewer homes in August, evidence that the housing market remains depressed.


Merck Speeding Up Layoffs of Many US Employees

WHITEHOUSE STATION, N.J. (AP) – Drugmaker Merck & Co. has told employees it can't reach its goal of cutting up to 13,000 jobs by 2015 just by eliminating vacant jobs, so it is speeding up layoffs in the U.S.

Obama's Deficit Plan Tightens Squeeze on Medicare

WASHINGTON (AP) – When it comes to health care savings, President Barack Obama's deficit plan borrows a familiar strategy from corporate America's playbook: cut costs or shift them to others.

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PROPERTY SALES 79 396 11,921
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BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762

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