VOL. 127 | NO. 154 | Wednesday, August 8, 2012
Memphis-based The ServiceMaster Co. saw a half a percentage point drop in its operating revenue for the second quarter compared to a year ago – a flattening of its revenue attributed in part to a continuing shift in the strategy of its TruGreen lawn care division.
Last year of separate school systems begins with host of changes
By bricks and mortar, the last school year of separate Memphis City and Shelby County schools that began Monday, Aug. 6, looked about like most school years.
GTx Inc. Wednesday, Aug. 8, reported a net loss of $10.4 million for the second quarter, compared to a net loss of $10.7 million for the same period in 2011.
Destination King has merged with Quiddity Entertainment of Chattanooga, Tenn., and the subsequent formation of LEO – an events management group based in Memphis with offices in Chattanooga and Myrtle Beach, S.C.
Danbury, Conn.-based industrial gases company Praxair Inc. and Memphis-based nexAir LLC are forming a joint venture that will enable the combined business to have a bigger reach and broader mix of services for customers.
The deal Gibson Guitar Corp. and federal prosecutors said they reached this week to drop a criminal case against the Tennessee-based guitar maker represents a sharp reversal from the combative stance Gibson took publicly last year.
Memphis City Council members gave final approval Tuesday, Aug. 7, to a second ballot question for the Nov. 6 ballot in Memphis.
A new nationwide survey of U.S. physicians shows that 34 percent say they will leave the practice of medicine in the next decade, just as millions of Americans newly insured under the Affordable Care Act will seek more access to medical care.
Archer-malmo has added more than 20 people to its professional staff this year, and the growth outlook is positive.
Lowell Hinte has been promoted to account manager and designer at website- and branding-design company Second to Nunn Design. Hinte has served as a designer at S2N since 2009. In his expanded role, Hinte will ensure clients’ expectations are met on key projects regarding strategy, vision, quality and schedule.
Editor’s Note: This is the first in a two-part series. With photo-sharing tool Instagram off the market – selling to Facebook earlier this year for a billion dollars – Pinterest is now the hottest social media startup in Silicon Valley due to its rapid growth as the fastest social media platform ever to gain 10 million unique users. Today, Pinterest boasts 17 million accounts, up from 5,000 in the fall of 2010, making it the third-largest social network after Facebook and Twitter, according to Forbes.
On the Table: Conversational Easing With the data stream lukewarm at the moment, markets needed policy support for handholding. Recent history demonstrates that when market anxieties rise, fiscal and monetary authorities intervene. We have described this as the “Punch/Counterpunch” market.
As the resumes roll in for open positions here at the Studio, we are facing a trend we have suspected for a while: There are legions of burned-out corporate drones looking for liberation.
WASHINGTON (AP) – U.S. employers posted the most job openings in four years in June, a positive sign that hiring may pick up.
WASHINGTON (AP) – Americans cut back on credit card use in June, further evidence that high unemployment and slow growth has made consumers more cautious about spending.
CINCINNATI (AP) – TV station and newspaper owner The E.W. Scripps Co. said Tuesday that it posted a second-quarter profit, thanks to better-than-expected TV advertising revenue and the acquisition of several stations.
DALLAS (AP) – Federal safety regulators are seeking up to $162.4 million in fines against American Airlines and its affiliates for alleged violations of U.S. safety standards going back several years. The sanctions would dwarf any previous penalties against an airline.
WASHINGTON (AP) – Government-controlled mortgage giant Freddie Mac posted net income of $1.2 billion for the second quarter and isn't requesting any additional federal aid for the period.
WASHINGTON (AP) – The Federal Reserve is imposing $3.2 million in penalties against MetLife Inc. for failing to prevent foreclosure abuses by its bank subsidiary.
WASHINGTON (AP) – Pfizer has agreed to pay the federal government $60 million to settle allegations that its employees bribed doctors and other foreign officials in Europe and Asia to win business and boost sales.