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VOL. 128 | NO. 121 | Friday, June 21, 2013

Square Planners Focus on Pedestrians

Overton Square planners are focusing on “the spaces between” and making the area more comfortable for pedestrians while increasing density and expecting more traffic in the arts, theater and retail district.

Summer of Cloar

Six art museums honor beloved Memphis artist

Stanton Thomas remembers his first encounter with Carroll Cloar’s art. It was eight years ago as Thomas, the Memphis Brooks Museum of Art’s curator, was about to interview for the job he now has.

Wright Medical Sells OrthoRecon Unit

Wright Medical Group. Inc. said Wednesday, June 19, it will sell its hip and knee implants business, OrthoRecon, to a unit of Shanghai-based MicroPort Scientific Corp. for $290 million in cash.

BankTennessee Breaks Ground In Middle Tennessee

Collierville-based BankTennessee is breaking ground on a new site in Lebanon, Tenn., later this month that will serve as the bank’s Middle Tennessee headquarters.

Cox: Airport Could See More Competition

Airports that once served as major hubs won’t likely regain their previous level of flight service, and if they do, it could take decades, Larry Cox, president and CEO of the Memphis-Shelby County Airport Authority told members of the board and airport officials.

Local Weather
Today
Memphis, TN
81°F
Mostly Cloudy
Wind: 12 mph
Humidity: 41%

EVENTS

Playhouse on the Square will present “The Color Purple” Friday, June 21, through July 14 at Playhouse, 66 S. Cooper St. Visit playhouseonthesquare.org.

more events »

Presidents Island Useable Space Could Double

If the Memphis and Shelby County Port Commission can win a sizeable grant from the federal government, work to build railroad capacity on Presidents Island – which would eventually allow for the future development of up to 1,500 acres there – could begin in August.

Suburbs Ready for Start of Early Voting

Early voting will be a bit earlier than usual for the municipal school district referendums in Shelby County’s six suburban towns and cities.

MEMPHIS STANDOUT

Propelling City Forward Bloodworth’s Design Goal

As he grew up in Memphis, Russell E. “Rusty” Bloodworth was fascinated by art, design and the use of space.

SPORTS

NBA Playoffs Serve as Reminder: Players More Valuable Than Coaches

Game 6 of the NBA Finals was a lot of things, including epic and unbelievable and an instant classic. But it was also something else: a vivid reminder that players matter more than coaches.

Wacha Handling Latest Example Of Pitcher Care

A few days ago, when the St. Louis Cardinals optioned young Michael Wacha back to Memphis, Cardinals manager Mike Matheny did not utter some of baseball’s most frightening names.

LOCAL COLUMNISTS

The Ghost Of Claude Rains

SHOCKED, SHOCKED. You know who Claude Rains was, don’t you? Played Captain Renault in the 1942 classic “Casablanca”?

Three Critical Ingredients for Innovation

Our firm, the Southern Growth Studio, helps many companies with innovation. We help with projects labeled as innovation and we also consult on how companies set up the processes, framework, and governance for successful innovation.

MEMPHIS AREA

FedEx Shares Fall on Worries About Eroding Profits

NEW YORK (AP) — FedEx Corp. shares tumbled Thursday on worries about eroding profits at its core FedEx Express division.

STATEWIDE

Democrats Bemoan Changes to Teacher Salary Schedule

NASHVILLE, Tenn. (AP) — State lawmakers are speaking out against a proposal by the state Department of Education they believe would eventually hurt teacher salaries in Tennessee.

TBI: Women More Likely Family Violence Victims

NASHVILLE, Tenn. (AP) — A new study of domestic violence in Tennessee last year found women were nearly two times more likely to be victimized than men and children were the victims in 16 percent of all family violence cases.

REGIONAL

UT Heading Dairy Study in Southeast

KNOXVILLE, Tenn. (AP) — A six-state study will attempt to pinpoint the causes of the decline in the Southeastern U.S. dairy industry.

NATIONAL BUSINESS

Justice Department, EU Clear Delta-Virgin Atlantic Deal

Delta Air Lines won key approvals from antitrust regulators on Thursday for its deal to buy almost half of Virgin Atlantic.

Conference Board Fears Diversion of Economic Data

WASHINGTON (AP) — The Conference Board will no longer provide its economic reports in advance to news organizations because it suspects the data is being diverted early to computer-driven trading systems, which can unfairly profit from it.

Court Rules for Amex in Dispute With Merchants

WASHINGTON (AP) — The Supreme Court ruled against merchants Thursday who object to having to accept American Express debit and credit cards along with the company's iconic charge card.

Kroger Bets Shoppers Will Stay Loyal

NEW YORK (AP) — Kroger says its customers are doing more of their shopping at its supermarkets, helped in part by the popularity of its store brands.

REAL ESTATE

US Home Re-Sales Surpass 5 Million in May

WASHINGTON (AP) — U.S. sales of previously occupied homes surpassed the 5 million mark in May, the first time that's happened in 3 ½ years. The gain shows the housing recovery is strengthening.

US Rate on 30-Year Mortgage Falls to 3.93 Percent

WASHINGTON (AP) — U.S. mortgage rates fell for the first time in seven week, keeping the average on the 30-year fixed loan just under 4 percent. But rates are expected to surge next week, as markets respond to Chairman Ben Bernanke's comments that the Federal Reserve will likely reduce its bond purchases later this year.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 81 217 5,290
MORTGAGES 94 276 6,985
FORECLOSURE NOTICES 0 50 1,606
BUILDING PERMITS 384 712 12,691
BANKRUPTCIES 66 241 5,541
BUSINESS LICENSES 27 85 2,146
UTILITY CONNECTIONS 52 234 7,292
MARRIAGE LICENSES 10 53 1,511

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