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VOL. 128 | NO. 192 | Wednesday, October 2, 2013

GTx to Lay Off 60 Percent of Staff

Memphis-based GTx is laying off 60 percent of its employees, according to a filing with the U.S. Securities and Exchange Commission.

Social Graces

Etiquette protocol delivers life lessons for Westminster students

For many teenagers, a multicourse meal can cause some consternation.

Council Delays Sanitation Changes

Memphis City Council members put off a final vote Tuesday, Oct. 1, on raising the city’s monthly solid waste fee until December citing an upcoming fix to the city’s pension fund liability crisis.

Loose Ends Remain in Nineteenth Century Club Case

The still-tentative deal to prevent the demolition of the Nineteenth Century Club building in Midtown has a crucial deadline on Oct. 15 and lots of loose ends before then that involve money and timing.

English Brings New Concept to Midtown

Five years after opening one of the city’s most popular restaurants, Kelly English is preparing to open The Second Line, a more casual restaurant next door to his original eatery, Restaurant Iris.

Local Weather
Today
Memphis, TN
77°F
Partly Cloudy
Wind: 5 mph
Humidity: 21%

EVENTS

B.I.G. for Memphis, a business interest group that brings together Memphis Police colonels and business leaders, will meet Wednesday, Oct. 2, from 10 a.m. to 11:30 a.m. at Phelps Security, 4932 Park Ave. Shelby County District Attorney General Amy Weirich will present “Pursuing the Guilty and Protecting the Innocent.” Visit phelpssecurity.com or email bigformemphis@phelpssecurity.com.

more events »

House District 91 Candidates Share Stage

For the first time in a shortened campaign season, all seven candidates in the Oct. 8 Democratic primary for state House District 91 shared the same stage.

Belle Forest Community School Makes Debut

Lori Phillips, the principal of the first new school of the new Shelby County Schools, could have had the ribbon-cutting for Belle Forest Community School on the first day of the school year in August.

MEMPHIS NEWSMAKERS

Chisley Named CEO of Methodist North Hospital

Gyasi C. Chisley has joined Methodist North Hospital as CEO. In his new role, Chisley will lead thousands of associates and aligned and contracted medical staff. He says that as health care transitions from volume to value, his platform is to grow outpatient practices, physicians and services while creating a viable patient-centered environment.

LOCAL COLUMNISTS

Universal Sales Pitfalls

Second in a two-part series. Sales is a tough profession – an art that can take years of practice to master. That’s perhaps why so many sales professionals struggle to find success, with the Harvard Business Review reporting that 63 percent of salespeople drive down performance versus producing a return on their employer’s investment in them.

A Dose of Fiscal Truth: Important, Not Urgent

I recently received an email from a client asking how in the world the U.S. would overcome its bulging debt pile. There are three parts to this answer.

STATEWIDE

Smokies Among Parks Closed Due to Federal Shutdown

NASHVILLE (AP) – The Great Smoky Mountains National Park is among the more than 400 parks across the country that have been closed as a result of the federal government's partial shutdown.

NATIONAL BUSINESS

Walgreen Fiscal Fourth-Quarter Profit Soars 86 Percent

Walgreen Co.'s fiscal fourth-quarter earnings soared 86 percent, as the nation's largest drugstore chain booked a big inventory-related gain and benefited from its acquisition of a stake in European health and beauty retailer Alliance Boots.

US Manufacturing Expands at Best Pace in 2.5 Years

WASHINGTON (AP) – US factory activity expanded last month at the fastest pace in 2.5 years, an encouraging sign that manufacturing could lift economic growth and hiring in the coming months.

Wal-Mart Adds 2 Distribution Centers

NEW YORK (AP) Wal-Mart Stores Inc. is opening two new distribution centers dedicated to filling online orders as the world's largest retailer aims to compete with online juggernaut Amazon.com.

Frontier Airlines Sold to Ultra-Cheap Airline Investor

Frontier Airlines is being sold to William Franke, a pioneer of the cheap tickets and high fees airline business that has spread overseas and is growing in the U.S.

NATIONAL GOVERNMENT

Americans Anxious, Irritated as Government Shuts Down

NEW YORK (AP) – The partial government shutdown that began Tuesday threw into turmoil the household finances of some federal workers, with many facing unpaid furloughs or delays in paychecks.

IRS: No Tax Refunds During Government Shutdown

WASHINGTON (AP) – The Internal Revenue Service says you must pay your taxes during the government shutdown. But don't expect any refunds.

Supreme Court to Hear Gun Ban Case

WASHINGTON (AP) – The Supreme Court will decide whether a man's Tennessee misdemeanor domestic assault plea should ban him from owning a gun.

HEALTH CARE

Obama: Launch of Insurance Exchanges is 'Historic'

WASHINGTON (AP) – Hailing it as an "historic day," President Barack Obama pressed forward his flagship health care program Tuesday, inaugurating new insurance exchanges to expand access for those without coverage despite the shutdown taking hold across much of the government.

Tenet Completes $1.8 Billion Purchase of Vanguard Health

NEW YORK (AP) – Hospital operator Tenet Healthcare said Tuesday it completed its $1.8 billion acquisition of competitor Vanguard Health Systems.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 136 5,209
MORTGAGES 79 182 6,891
FORECLOSURE NOTICES 13 50 1,606
BUILDING PERMITS 328 328 12,307
BANKRUPTCIES 70 175 5,475
BUSINESS LICENSES 30 58 2,119
UTILITY CONNECTIONS 85 182 7,240
MARRIAGE LICENSES 19 43 1,501

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