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VOL. 131 | NO. 97 | Monday, May 16, 2016

HealthLink’s Medical Device Logistics Business Poised to Grow

A Netherlands-based medical device logistics company has moved into the Lamar Avenue corridor.

Memphis Remains a Hot Market for Investors

Local rental housing continues to be a popular buy for real estate investors. In the first quarter of 2016, 1,017 rental homes were purchased in Memphis and Shelby County, accounting for 30 percent of all home sales, according to data from Chandler Reports, a division of The Daily News Publishing Co.

The Week Ahead: May 16-22

With a barbecue-filled weekend behind us, it’s time to get this week started, Memphis! Here’s our roundup of local happenings you need to know about, from the Memphis in May Triathlon (where you can work off that pork belly) to the city’s first Palestine Festival (where, yes, there will be even more food).

SCS Budget Plan Goes To School Board For Vote Monday

Shelby County Schools board members meet Monday, May 16, to vote on a budget proposal that goes to the Shelby County Commission for funding.

Last Word: Barbecue Underground, Schools Budget Background and Bikes

Tony Montana is angry. Never women and children, he’s telling the man controlling the car bomb.

Local Weather
Currently
Memphis, TN
47.0°F
Fair
Wind: Calm mph
Humidity: 80%

EVENTS

Memphis College of Art will present “Best in Class 2015/2016,” an exhibition of the most creative undergraduate artwork from the academic year, on Monday, May 16, through July 8 in the Rust Hall main gallery, 1930 Poplar Ave. The exhibit features work from 45 artists across a range of disciplines. Visit mca.edu.

more events »

Opera Memphis: If You Sing – Anywhere – They Will Listen

For everything else opera might be, Ned Canty has made it his business to see opera as opportunity.

THE MEMPHIS NEWS

Station to Station

Bike share effort taps other cities for clear path

Even now, Explore Bike Share founder Doug Carpenter does not try to pretend that the initiative will cure all that ails Memphis. 

Editorial: The New Map of Memphis

It’s time for a map of Memphis that includes more than highways and vehicular roads.

May 13-19: This week in Memphis history

1976: A Marx & Bensdorf ad in The Daily News offers a 170-acre estate at Holmes and Center Hill roads, then south of the Collierville city limits, for sale for $1.1 million. The “picture book” estate is advertised as the one-time home of the state’s most famous walking horse, Carbon Copy, the 1964 world grand champion.

LAST WEEK'S MOST POPULAR

Mayor Opposes City Funds for Mud Island

Memphis Mayor Jim Strickland says the city may be willing to help fund a $9 billion expansion of St. Jude Children’s Research Hospital that is mostly private capital.

Memphis Consultant Says Airport Area ‘Gone’ for Hotel Development

One of the last remaining hotels near Memphis International Airport has sold in foreclosure for the second time in less than five years.

Massacre: 1866 and the Battles Over How Memphis History is Told

At the end of March with much secrecy, Rev. Keith Norman took delivery and responsibility for a large, heavy crate that stayed in his office for the next month.

$5.5 Billion Company Stakes Headquarters in Memphis

Three packaging companies are combining to create a $5.5 billion conglomerate that will locate its headquarters in Memphis.

RVC Outdoors Seeks Strickland’s Commitment

Andy Cates, CEO of Memphis-based RVC Outdoor Destinations, said his redevelopment plan for Mud Island won’t require significant public dollars, but he’s looking for a commitment from the city to move forward.

MEMPHIS AREA

Flight Attendant Charged With Stealing Mini Liquor Bottles

MEMPHIS, Tenn. (AP) – Officials say a former Endeavor Air flight attendant is charged with stealing nearly 1,500 mini-bottles of liquor from her job and selling them online.

STATE GOVERNMENT

Haslam Says US Politics Were Point of Concern on Asia Trip

NASHVILLE, Tenn. (AP) – Republican Gov. Bill Haslam said Friday that the U.S. presidential race is weighing heavily on the minds of executives that he met with on a recently concluded trade mission to Asia.

NATIONAL BUSINESS

Outlook Dims for Mall Stores as Online Shopping Intensifies

WASHINGTON (AP) – Online shopping is reaching such a critical mass with American households that many of the icons of the traditional mall –from Macy's to The Gap and J.C. Penney – face an increasingly uncertain future.

GM Stops Sale of SUVS; Mileage on Window Stickers Was Wrong

DETROIT (AP)General Motors Co. is telling dealers not to sell about 60,000 SUVs in the U.S. because the gas mileage listed on the window stickers was inadvertently overstated.

NATIONAL GOVERNMENT

As Fliers Wait in Security Lines, Gov't Asks for Patience

WASHINGTON (AP) – Facing a growing backlash over extremely long waits at airport security, Homeland Security Secretary Jeh Johnson asked fliers "to be patient" as the government takes steps to get them onto planes more quickly.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 61 17,604
MORTGAGES 0 68 20,494
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 183 35,999
BANKRUPTCIES 0 38 11,720
BUSINESS LICENSES 0 28 5,588
UTILITY CONNECTIONS 0 92 12,126
MARRIAGE LICENSES 0 25 4,382

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The Memphis News: Business, politics, and the public interest.