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VOL. 128 | NO. 20 | Wednesday, January 30, 2013

Pinnacle Departure Brings Real Estate Challenge

Pinnacle Airlines Corp.’s relocation of its Memphis headquarters to Minneapolis by May should have long-term leasing effects on the Downtown office market.

‘Positive Experience’

Beauty pageant directors, participants work to change public perception

Do not mention the reality TV show “Toddlers & Tiaras” to pageant producer Renee Horvath of Millington.

Hopson Is Interim MCS Supt. As School Board Sets Merger Calendar

Countywide school board members appointed Memphis City Schools attorney Dorsey Hopson as the interim superintendent of the Memphis City Schools system at the board’s Tuesday, Jan. 29 meeting.

Memphis Higher Education Included in Budget Proposal

Tennessee Gov. Bill Haslam has included funding in his budget proposal for a $62 million renovation at the University of Tennessee Health Science Center and a $45 million center for the University of Memphis’s nursing and audiology programs.

IP Beats Estimates, Sees Sales Rise Despite Earnings Dip

International Paper Co. reported net earnings of $794 million in 2012, down from $1.3 billion in 2011.

Local Weather
Today
Memphis, TN
63°F
Cloudy
Wind: 9 mph
Humidity: 60%

EVENTS

The Prosperity Series Memphis will host U.S. Learning CEO and author Don Hutson Wednesday, Jan. 30, from 8:30 a.m. to 10:50 a.m. at Memphis Botanic Garden, 750 Cherry Road. Cost is free for members and $149 for nonmembers. R.S.V.P. to huey@uslearning.com or 767-0000.

more events »

Healthy Church Challenge Tackles Obesity Epidemic

BlueCross BlueShield of Tennessee’s second annual Healthy Church Challenge 100-day weight loss competition for churches in West Tennessee is set to get under way on Saturday, Feb. 2.

Commission Debates Post-Hostess Bread Prices

Shelby County Commissioners approved a $251,958 contract with a Batesville, Ark., bakery that at least for now has a perceived monopoly on baking and distributing large amounts of bread in the region.

Opera Memphis Becoming ‘Test Lab’ for Larger Companies

In the middle of what might be its most experimental season yet, Opera Memphis is attracting curious on-lookers in companies around the country.

Saint Blues Guitar Workshop Launches Line

Saint Blues Guitar Workshop is launching a new line of affordable, made-in-Memphis guitars.

MEMPHIS NEWSMAKERS

Gowen Named Marketing Head at Renshaw Property Management

Kellyn Gowen has joined Renshaw Property Management as marketing coordinator. In her new role, Gowen manages social media, marketing and communications for the company’s 800 Mid-South rental properties, serves as a liaison for property owners and real estate agents, and spearheads marketing efforts for vacant properties.

LOCAL COLUMNISTS

Super Bowl Ad Preview

The victory of the Ravens or the 49ers won’t be all people are talking about after the Super Bowl. After all, there are the commercials, and considering 110 million viewers are anticipated for this year’s football matchup, it’s no wonder advertisers pony up big bucks. Thirty-second spots went for $3.8 million to $4 million this year – an all-time record, up from $3.5 million in 2012.

Growth Capital Wasteland

Capital makes the world go round – or at least it used to before the recession and our new economic reality took hold. Enacting growth strategies is difficult without capital to invest. This is certainly true for early stage companies that need enough runway to get the business off the ground and then gain momentum to cash flow the business.

MEMPHIS AREA

Memphis to Improve Disabled Access at Liberty Bowl

MEMPHIS (AP) – The Justice Department says the city of Memphis has agreed to improve physical accessibility for people with disabilities at Liberty Bowl Memorial Stadium

STATE GOVERNMENT

Haslam, Tennessee Officials Hold School Safety Summit

FRANKLIN, Tenn. (AP) – Gov. Bill Haslam told participants in a school safety summit on Tuesday that the state is committed to doing what it can to provide better security at Tennessee schools.

REGIONAL

Arkansas Governor Announces $1.1 Billion Steel Mill Plan

LITTLE ROCK, Ark. (AP) – Gov. Mike Beebe on Tuesday unveiled Arkansas' largest ever economic development project, saying investors were poised to build a $1.1 billion steel mill along the Mississippi River if legislators approve startup funding.

Ships Idle for Mississippi River Oil Cleanup After Crash

JACKSON, Miss. (AP) – Freight barges were idled among some 50 vessels stacked up Tuesday along a normally bustling stretch of the Mississippi River that was closed as crews worked to clean up leaking oil spilled in a weekend barge accident.

NATIONAL BUSINESS

Hostess Set to Announce Bidders for Twinkies

NEW YORK (AP) – The indestructible Twinkie appears to be one step closer to a comeback.

NATIONAL GOVERNMENT

Report: States Force Jobless to Pay Needless Fees

WASHINGTON (AP) – Jobless Americans are paying millions in unnecessary fees to collect unemployment benefits because of state policies encouraging them to get the money through bank-issued payment cards, according to a new report from a consumer group.

REAL ESTATE

US Home Prices Accelerate in November

WASHINGTON (AP) – U.S. home prices accelerated in November compared with a year ago, pushed higher by rising sales and a tighter supply of available homes.

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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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