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VOL. 127 | NO. 78 | Friday, April 20, 2012

Pinnacle Airlines CEO Menke Resigns

Sean Menke conceded earlier this year that the job of turning around Memphis-based Pinnacle Airlines Corp. would be more difficult than he thought when he became CEO of the regional air carrier in July.

Tying it all Together

V&E Greenline Artwalk makes debut in Vollintine-Evergreen neighborhood

University of Memphis art student Alex Smythe, who grew up in the Vollintine-Evergreen neighborhood, is extending an invitation to all Memphians to celebrate the revitalization of one of the city’s most diverse communities with the first annual V&E Greenline Artwalk.

Unified Moves To East Pointe Biz Center

An independent forensic engineering and investigations company has relocated its Mid-South Service Center to a more secure location.

Schools Planning Commission Weighs, Rejects Stand on Schools Bill

The schools consolidation planning commission considered Thursday, April 19, but voted down a resolution that would have urged the Tennessee legislature not to pass the bill that would allow suburban towns and cities to hold referendums this year on forming municipal school districts.

FHN Posts Profit, Increases Share Buyback to $200M

The Memphis-based parent company of First Tennessee Bank reported a 12-cent per share profit for the first quarter before the stock market’s opening bell Thursday, April 19.

Local Weather
Today
Memphis, TN
60°F
Partly Cloudy
Wind: 0 mph
Humidity: 72%

EVENTS

The University of Memphis will host its Centennial Reunion Weekend Friday, April 20, through Sunday, April 22. For details, visit memphis.edu/centennial/events.php.

more events »

Youth Villages 5K Preps for 30th Birthday Bash

Despite the ups and downs of the residential real estate market over the last three decades, one of the constants for the Memphis Area Association of Realtors is the support of the annual Youth Villages Inc. 5K.

Struggling Economy Keeps Bankruptcy Filings on Rise

The first quarter of 2012 showed a slight increase in bankruptcy filings in West Tennessee, according to The Daily News Online, www.memphisdailynews.com.

MEM Passenger Totals Continue to Freefall

Monthly passenger totals for March at Memphis International Airport continued to reflect the approximately 20-percent cut in regional service by Delta Air Lines Inc. that began last summer.

IDI Set to Begin Construction On Three Olive Branch Bldgs.

Industrial Developments International Inc. soon will begin construction on three buildings in Crossroads Distribution Center in Olive Branch, marking the first substantial Memphis-area speculative development since 2008.

MEMPHIS STANDOUT

Rosenblatt’s Goal: Let Social Media Fill Jobs

Editor’s note: This is the fifth in a six-part series on entrepreneurs in the current round of Seed Hatchery’s “cohort” boot camp.

SPORTS

Grizz Proving It’s No ‘One-and-Done’ Team

If last season culminated with the unanticipated “Believe Memphis” playoff run, then this Grizzlies season has been full of opportunities for concern and panic – your basic building blocks for widespread disbelief.

Bowen: Cracking The U of M’s Combination

If new University of Memphis athletic director Tom Bowen were a player, we would be debating his “upside.”

LOCAL COLUMNISTS

The Devolution Of Our Species

LEGISLATURE VOTES TO DEVOLVE. Dateline: Nashville, 2012, 1925 or 1869, your choice.

Memphis Excellence In Fundraising Pitches

Here are the ABCs of making a fundraising pitch. Keep it short, clear and simple. Tell people what you are raising money for and how their gift will make an impact.

STATE GOVERNMENT

Disclosure Requirement Finds Resistance in Tenn. House

NASHVILLE (AP) – A bill seeking to require local and regional planning commissioners to file interest disclosures with the Tennessee Ethics Commission was met with last-minute resistance in the House on Thursday.

REGIONAL

Miss. Board Approves Preliminary Tuition Increases

JACKSON, Miss. (AP) – The state College Board voted Thursday to accept preliminary tuition increases for the state's eight public universities. The board will take a final vote on the numbers May 7.

NATIONAL BUSINESS

Momentum in Hiring, Home Sales Appears to Slow

WASHINGTON (AP) — Momentum in U.S. hiring and home sales appears to be slowing, according to fresh data.

Southwest Posts Q1 Profit on Special Items

DALLAS (AP) Southwest Airlines Co. earned $98 million in the first quarter, helped by deals designed to blunt the pain of higher jet fuel prices.

American Airlines' Parent Lost $1.7 Billion in Q1

FORT WORTH, Texas (AP) – The parent company of American Airlines says it lost $1.66 billion in the first quarter, mostly on costs related to its bankruptcy restructuring.

Nucor's Q1 Profit Falls as Shipments Slip

CHARLOTTE, N.C. (AP)Nucor Corp. said Thursday that its first-quarter net income fell 9 percent. Shipments of steel declined slightly and prices didn't improve until the last month of the quarter.

REAL ESTATE

30-Year Mortgage Rate Rises to 3.90 Pct.

WASHINGTON (AP) — The average rate on the 30-year fixed mortgage stayed near its lowest level on record, keeping home-buying and refinancing affordable.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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