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VOL. 127 | NO. 7 | Wednesday, January 11, 2012

Pinnacle, Union Debate Pay Cuts

Memphis-based Pinnacle Airlines Corp. has proposed to United Steelworkers union leaders that all employees represented by the union take a 5 percent pay cut as the regional air carrier struggles to rework its financial arrangements with employees and major airlines.

Crossing Boundaries

Team Max serves in unconventional ways

Philanthropy takes a lot of planning and a lot of caution – so much so that young adults might give it a wide berth when it comes to ongoing involvement in the fundraising that is a central function of philanthropy.

Launch Medical Plans $4.8M Expansion, Will Create 40 Jobs

Medical device development company Launch Medical is planning to expand its Bartlett operations by investing $4.8 million in the company’s existing building on Wolf Lake Road. Over a five-year period, the expansion will create 40 jobs centered on manufacturing medical device prototypes.

Wonder Bread Maker Hostess Seeks Bankruptcy Protection

NEW YORK (AP) Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions.

Tenn. Lawmakers Want More Time on Redistricting Plans

NASHVILLE (AP) – State lawmakers opposed to legislative redistricting plans are questioning the desire of Republican leaders to pass them so quickly.

Local Weather
Currently
Memphis, TN
42.0°F
Fair
Wind: South at 8.1 mph
Humidity: 60%

EVENTS

Cannon Wright Blount accounting firm will continue its series of seminars on how to use QuickBooks accounting software Wednesday, Jan. 11, from 9 a.m. to 11 a.m. at the firm, 756 Ridge Lake Blvd. The two-hour class costs $75, and seating is limited. To reserve a place, visit www.cannonwrightblount.com/resources. For more information about the QuickBooks seminar series, call Debbie Bossé or Cathy Russell at 685-7500.

more events »

Schools Transition Committee Hears Few Hopes In Collierville

Hosted by the schools consolidation transition planning commission, the forum featured lots of opposition to the coming schools consolidation and concerns about student achievement and the movement of students and teachers among schools.

Westbrook, Durant Lead Thunder Over Grizzlies

MEMPHIS (AP)Russell Westbrook couldn't hit a shot last time he faced the Memphis Grizzlies.

Kimberly-Clark Signs Southaven Lease

Kimberly-Clark Corp., a global manufacturer of hygiene and personal health products, has entered the local industrial market in full force.

Precision Coils Relocating To Brownsville

A regional manufacturing firm is expanding and relocating its current facility from Somerville to Brownsville, adding jobs and spurring economic development along the way.

Bioworks Biz Association to Host Panel Discussion

The completion of the Human Genome Project in 2003 resulted in a more personalized approach to health care, with science moving away from a one-size-fits-all model and toward customized care based on individual genotypes.

Commission Stuck in Neutral on Redistricting

There isn’t a lot of optimism that a fresh start on redistricting by the Shelby County Commission will give any plan the nine votes needed to win final approval or produce a new plan.

Double J Smokehouse Replacing Beignet Cafe

Beignet Café and Blues Bar in Downtown Memphis’ South Main Historic Arts District is being replaced with a new restaurant venture.

MEMPHIS NEWSMAKERS

Holtz Joins Fulmer Cos. Marketing Department

Wendy Holtz has joined Fulmer Cos. as its marketing communications manager.

LOCAL COLUMNISTS

Igniting Your Sales Team’s Performance

Selling is tough. It’s hard on the ego and requires exceedingly high energy levels. That’s why it takes more than money to keep salespeople fired up and on target.

REGIONAL

Casey Jones Village Adding Charging Station

JACKSON, Tenn. (AP) – Electric car owners will soon be able to plug in at a spot known for a different kind of locomotion – Casey Jones Village in Jackson.

STATEWIDE

Chattanooga Mayor Says Audi Execs Have Visited

CHATTANOOGA (AP) – Audi of America's president said Chattanooga is an "attractive potential location" as the automaker scouts possible future production sites in the United States.

Clinton Auto Parts Plant to Expand, Add 188 Jobs

CLINTON, Tenn. (AP)Eagle Bend Manufacturing, Inc., is planning a $64 million expansion of its Clinton plant over the next five years. The move is expected to create 188 new jobs.

STATE GOVERNMENT

Haslam Proposes Cuts in Some Taxes

NASHVILLE (AP) – Gov. Bill Haslam says he wants to make reductions in the state's estate tax and a small reduction on the sales tax on groceries.

NATIONAL BUSINESS

Hiring Rose in November, But Job Openings Dipped

WASHINGTON (AP) – U.S. employers stepped up their hiring in November but pulled back slightly on the number of jobs they advertised.

New Airfare Rules Remove Some of the Fine Print

DALLAS (AP) – It comes as no surprise for experienced travelers, but novices are sometimes shocked to find that the final cost of airline trip can be much higher than the price touted on the airline's website or advertising.

Troubled Kodak Creates New Business Structure

ROCHESTER, N.Y. (AP)Eastman Kodak Co. said Tuesday it has realigned and simplified its business structure in an effort to cut costs, create shareholder value and accelerate its long-drawn-out digital transformation.

NATIONAL GOVERNMENT

Fed Reports $76.9 Payment to Government

WASHINGTON (AP) – The Federal Reserve paid the federal government $76.9 billion in 2011, the second highest amount in history. The central bank earned the money from investments made to bolster the U.S. economy.

Can You Say That on TV? The Supreme Court Debates

WASHINGTON (AP) – In colorful give and take, the Supreme Court debated whether policing curse words and nudity on broadcast television makes sense in the cable era, one justice suggesting the policy is fast becoming moot as broadcast TV heads the way of "vinyl records and 8-track tapes."

SPORTS

Grizzlies to Wear Patch Rest of Season for Bartow

MEMPHIS (AP) – The Memphis Grizzlies will be wearing a "GB" patch on their uniforms the rest of the season in tribute to the late Gene Bartow.

TECHNOLOGY

Google Gets More Personal With Search Results

SAN FRANCISCO (AP) – Google is sifting through the photos and commentary on its blossoming social network so its Internet search results can include more personal information.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 82 82 19,655
MORTGAGES 75 75 22,989
FORECLOSURE NOTICES 7 7 8,311
BUILDING PERMITS 138 138 40,167
BANKRUPTCIES 72 72 13,176
BUSINESS LICENSES 9 9 6,146
UTILITY CONNECTIONS 52 52 13,048
MARRIAGE LICENSES 30 30 4,872

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