VOL. TMN-6 | NO. 18 | Saturday, April 27, 2013
Grizzlies’ success sparks economic windfall for city
Before the Grizzlies began their first-round playoff series with the Clippers in Los Angeles, Dennis Flanagan looked ahead to Game 3, which was to be played on Thursday night, April 25, in Memphis.
The NBA’s postseason, in which the Memphis Grizzlies now figure prominently, is a chance to look at the larger season we are in after emerging from a stubborn winter.
EMPHASIS Financial Services
Local bankers await new rules governing their money reserves
In early April, U.S. Sen. Bob Corker, R-Tenn., joined a handful of other senators in drafting a letter in part about new rules of the road governing bank capital requirements.
Even as a young man right out of graduate school, Craig Esrael knew how to spot an opportunity.
Metropolitan Bank has come a long way in five short years. Since being founded amid the worst financial crisis in the U.S. in generations, the bank – which in March celebrated its fifth birthday – has grown its assets from $243 million at the end of 2008 to $722 million at the end of 2012.
This year is turning out to be a big one for Magna Bank as it rolls out new products and services, adds key personnel and boosts its profile across the Mid-South.
THE MEMPHIS NEWS ALMANAC
1993: On the front page of The Daily News is a story looking at the formal opening on the Main Street Trolley, a project eight years in the making that remade what had been the Mid-America Mall. The Memphis Area Transit Authority offered free trolley rides the first two days of operation.
Memphis civil rights icon Maxine Smith died Thursday evening at her South Memphis home at the age of 83.
The partners developing the old Chisca hotel on South Main as apartments announced at a Friday, April 26, project launch that Carlisle Corporation is the main partner for the project.
Former hotel’s renovation signals brighter future for South Main
“Memphis: The Musical” meets the real life setting Friday, April 26, for the fictional story of a Memphis radio announcer in the 1950s.
Memphis-based Buckeye Technologies Inc. is being bought by Georgia-Pacific LLC, the two companies announced Wednesday, April 24.
The footprint of the city’s dominant grocery store will undergo a facelift worth tens of millions of dollars over the next five years.
FedEx Corp. said Tuesday, April 23, it won a $10.5 billion contract to carry mail between domestic airports for the U.S. Postal Service.
UV product from Memphis-based Lumalier reduces hospital infections
About 1 out of every 20 hospitalized patients in the U.S. will acquire another infection during the course of their treatment, according to the Centers for Disease Control and Prevention.
Memphis City Council members opened budget committee hearings Tuesday, April 23, on the clock and with lots of questions about what seemed to some like different budget numbers from last year at this time by the administration of Memphis Mayor A C Wharton Jr.
Plans for 197 apartments on two corners of West Carolina Avenue and Florida Street go to the Downtown Memphis Commission Design Review Board at its May 1 meeting.
Camp for developmentally disabled children, adults seeks donations
There will be kickball games, limbo dances, arts and crafts, and a talent show. There will be all of that and more at the sixth annual Camp Good Times residential summer camp May 30 through June 5 at Meeman-Shelby Forest State Park in Millington.
Hospital care spending in Tennessee averaged $2,160 per person in 2009, a figure that is among the 10 lowest in the nation on a state-by-state comparison.
It looks like 2013 will be an election year in the six suburban towns and cities in Shelby County.
Memphis-based International Paper Co. acknowledged Monday that it is in talks with Unisource about a possible merger of Unisource and IP’s xpedx printing distribution business.
Independent retailers get boost from Record Store Day
This year’s Record Store Day, an international celebration held the third Saturday in April, brought casual music fans along with diehards and vinyl evangelists into music shops around the country, including Goner Records and Shangri-La Records in Memphis.
Years of grueling medical training had taken a toll on Brad Somer, an oncologist and hematologist with The West Clinic in Memphis.
The back story of the new Mitsubishi Electric Power Products Inc. plant that formally opened in Southwest Memphis last week includes a sewer pipe, the Mojave Desert and artificial lightning.
Suburban leaders are counseling patience among parents of children in their communities who will be part of the coming merger of the county’s two public school systems.
FedEx employees volunteer for Wolf River cleanup
On a beautiful spring morning last week more than 100 local FedEx employees came together along the banks of the Wolf River to do a beautiful thing.
Memphis-based First Horizon National Corp., the parent company of First Tennessee Bank, kicked off its first quarterly earnings announcement of 2013 by meeting analyst expectations and reporting a profit of $42.2 million, up from $30.5 million during the first quarter of 2012.
Some on the Memphis City Council weren’t certain Tuesday, April 16, about going ahead with a severance package for the city employees who now work at city-run auto inspection stations.
The Grizzlies returned from Los Angeles down 2-0 to the Clippers, the idea of “Believe Memphis” being put to the test.
The NBA’s new Defensive Player of the Year was remembering another ceremony, more than a decade ago at The Pyramid.
Melissa Wolowicz is up with the chickens every morning, working to make Memphis a better place.
MEMPHIS LAW TALK
For assistant federal defender David Bell, the urge to be a lawyer was precipitated by the urge to help people.
Andy Wright has joined Memphis-based Magna Bank as senior vice president and manager of commercial banking. Wright, who previously held senior vice president positions at Iberiabank and First Tennessee Bank, has experience working with a variety of industries, with in-depth expertise in the transportation and logistics industries.
6780 Country Park Drive Memphis, TN 38134
Corporations have a new reason to say “thank you” to dedicated employees – for sticking with them through the Great Recession.
I’LL TAKE YOU THERE. “Oh, mmm, I know a place… When Mavis Staples sang those words, everybody in the audience was moved to move. The kind of primal itch you got to scratch, the kind of muscle over mind that makes toes tap, fingers snap, and hands clap.
A bombing and citywide lockdown in Boston, a chemical explosion in West, Texas; threats of flooding along the Mississippi River; tornadoes; earthquakes; and the all-too-frequent house fire.
Ray’s Take Persistent high unemployment and more than a decade of volatile stock markets have many people anxious to draw Social Security as early as possible even if they are shy of full retirement age. Some are so anxious about the system they want to get what they can before it goes bust. No one has a crystal ball, but more often than not, this is not the best plan.
A decade ago in this space, I told a story about receiving multiple hang-up phone calls between midnight and dawn over a period of several weeks. Via Caller ID and returning some of these calls at later times, I learned the Greyhound Federal Credit Union’s toll-free automated line was one digit off from a toll-free number I’d acquired years earlier. Somehow, I got the issue resolved with Greyhound.
It has been a particularly tough stretch for sage taxicab investors. My recent taxi tips have centered on three clear winners. Gold, Apple and Cash. Let’s evaluate.
Passion is a vital skill for entrepreneurs, but did you know it can actually kill a sales call? While it may seem counterintuitive, an overzealous spirit can simply overwhelm a prospect.
In today’s dynamic world it is imperative for companies to continually realize growth through a sustainable competitive advantage. The trouble is that every innovation is just one new innovation away from becoming obsolete. How do proactive companies stay one step ahead?
Last week we discussed the Memphis Area Fellowship of Christian Athletes, which is focused on making a positive, and eternal, impact in the arena of athletics. This week let us explore an organization with the mission of helping people affected by HIV/AIDS live well: Friends For Life Corp.
When I get curious, I read a lot. Last week I got very curious about a form of ineffective behavior that seems all too common these days.
One of the things we take a lot of pride in is the number of not-for-profit clients we work with. I currently handle five not-for-profit accounts, and each is unique and exciting in its own way. If you can’t intern at an agency, one of the best ways to get your “PR feet” wet is to do an internship at a not-for-profit in college.