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VOL. 132 | NO. 239 | Monday, December 4, 2017

The Week Ahead: Dec. 4-10

Good morning, Memphis! The holidays are in full swing, and several events this week aim to help you make a dent in your shopping list while also supporting local artisans and small businesses. Check out the details on those, plus our entertainment picks and more you need to know about in The Week Ahead...

Heidi Shafer Sees Unresolved Issues in Opioid Litigation

A task force on opioid addiction and its impact on county government services is not the same as a working group. And a motion by county mayor Mark Luttrell to intervene in the opioid lawsuit filed last month by the Shelby County Commission isn’t a done deal until the county commission agrees to the terms for that intervention.

The Press Box

Tigers Lose AAC Title Game but Gain Berth in AutoZone Liberty Bowl

During the worst of times for the Memphis football program, back before hardly anyone in this town had heard of Mike Norvell, Anthony Miller or Riley Ferguson, losing never felt like it did Saturday in the American Athletic Conference championship game.

First Horizon-Capital Bank Merger Now Complete

The parent company of First Tennessee Bank will end 2017 as a significantly larger institution, with billions more in assets, deposits and loans, thanks to the completion Nov. 30 of its merger with Charlotte, North Carolina-based Capital Bank Financial Corp.

Last Word: Grizz Ownership Moves, Confederate Deadline and Medical Family Tree

As many of us were focused on Tigers football and the journey to Orlando last week, there was word that either both or one of the two minority owners of the Grizz had exercised a buy-sell provision in the NBA team’s unique ownership agreement. And what could be a fight for control of the team’s ownership is underway. The sports website The Athletic broke the story last Thursday. Here it is. It also talks about the timing of this coming with the controversial sacking of David Fizdale, an interim coach at the helm of a changing team and lead owner Robert Pera’s lack of visibility in all things Grizz around the city.

Local Weather
Currently
Memphis, TN
64.0°F
A Few Clouds
Wind: from the South at 15.0 gusting to 21.9 mph
Humidity: 32%

EVENTS

Starry Nights at Shelby Farms Park hosts Run, Walk, Bike Night Monday, Dec. 4, from 6 p.m. to 9 p.m. at the park, 6903 Great View Drive N. Starry Nights will be closed to cars; Hyde Lake Wheel House will be open for bike rentals. Admission is $5. Visit shelbyfarmspark.org for a list of Mistletoe Village activities and other details.

more events »

CMOM Carousel Takes First Spin With New Customers

The speeches didn’t last very long before a restless and curious audience Saturday, Dec. 2, at the Children’s Museum of Memphis as the Grand Carousel opened to a long line of several hundred children and their parents and grandparents.

THE MEMPHIS NEWS

Memphis Fusion

Medical device companies rooted in Memphis spawn growing industry

With more than 40 life science companies operating in the Greater Memphis area and Shelby County ranking second in the U.S. for orthopedic device manufacturing, the Mid-South can stake its claim as one of the top medical device markets in the world.

Editorial: Protest and Public Safety Balance Due for Review

Americans’ right to protest by peaceful and lawful means may be one of the most complex, difficult-to-define rights after freedom of speech.

December 1-7, 2017: This week in Memphis history

2013: The St. Jude Marathon is canceled because of subfreezing temperatures and the threat of icy streets. But some runners from Memphis and others who had traveled to the city for the annual event, run the course anyway.

REAL ESTATE RECAP

Spikner Plans Shipping-Container Apartment Complex

126 N Bellevue Blvd.,, Memphis, TN 38104  -
 Memphis businessman Fred Spikner of Spikner Enterprises LLC has submitted plans to the Memphis and Shelby County Board of Adjustment for an apartment complex made from shipping containers.

LAST WEEK'S MOST POPULAR

Collierville Industrial Market Poised for I-269 Benefits

The town of Collierville already has a solid, pro-business reputation, especially in the industrial real estate community, but as the completion of the outer Interstate 269 loop draws near, Collierville and its reputation are poised for even more growth.

Grizzlies Fire David Fizdale, Name Bickerstaff Interim Coach

ESPN.com and the Sporting News are reporting David Fizdale has been fired as coach of the Memphis Grizzlies.

Container Apartments Planned for Medical District

Memphis businessman Fred Spikner of Spikner Enterprises LLC has submitted plans to the Memphis and Shelby County Board of Adjustment for an apartment complex made from shipping containers.

Grizzlies’ Firing of David Fizdale Stamps This as Marc Gasol’s Team

Maybe it would have happened anyway. Rumors were rampant on Saturday that Grizzlies coach David Fizdale was coaching for his job, that an eighth straight loss to Brooklyn on Sunday could mean the end.

Lake District Developer Pays Back Lender, Project 'Gathering Steam'

A little more than a month after Gilad Development Co. began demolition of the shuttered Lakeland Factory Outlet Mall to pave way for the $375 million Lake District project, the developers have cleared another major hurdle.

MEMPHIS PUBLIC COMPANIES

Maine Wreath Company Sues FedEx for Alleged Overbilling

BANGOR, Maine (AP) – A Maine wreath-maker has sued FedEx, saying the shipping company overbilled it by more than $350,000.

STATEWIDE

Senate Speaker: UT to Accept Botched ACT Scores

NASHVILLE, Tenn. (AP) – The state Senate's leader says the University of Tennessee will accept scores from ACT tests that weren't administered correctly last month, though ACT still won't release scores it deemed invalid.

Black: State, Congress Should Release Sex Harassment Claims

NASHVILLE, Tenn. (AP) – Congresswoman Diane Black wants Tennessee's General Assembly and Congress to disclose sexual harassment claims and settlements involving lawmakers and staffers.

Candidate's UT Coaching Tweet Draws Call From Jimmy Haslam

NASHVILLE, Tenn. (AP) – Republican gubernatorial candidate Diane Black received a phone call from prominent University of Tennessee football booster Jimmy Haslam, the brother of Gov. Bill Haslam and owner of the Cleveland Browns, after she posted a tweet bemoaning the school's first choice to become the school's next football coach.

REGIONAL NEWS

Mississippi Utility Inks Deal on Troubled $7.5B Power Plant

JACKSON, Miss. (AP) – Regulators have reached a settlement with Mississippi Power Co. on how much customers should pay for a troubled $7.5 billion power plant once touted as a model for the future of coal. The unit of Atlanta-based Southern Co. is agreeing to lower the price tag on its Kemper County power plant by $85 million, its second round of concessions in the last two weeks, after shareholders earlier absorbed $6 billion in losses.

NATIONAL BUSINESS

Macy's Plans to Hire 7,000 Extra Seasonal Workers

NEW YORK (AP) – Macy's is hiring an additional 7,000 seasonal associates this holiday season, saying traffic in its department stores nationwide has been high.

Postal Regulators Move to Let Stamp Prices Jump Higher

WASHINGTON (AP) – Seeking to bolster the ailing U.S. Postal Service, federal regulators moved on Friday to allow bigger jumps to stamp prices beyond the rate of inflation, a move that could eventually add millions more dollars to companies' shipping rates from prescription drugs to magazine subscriptions.

Federal Regulator Gives OK for Bitcoin Futures to Trade

NEW YORK (AP) – A federal regulator gave the go ahead on Friday to the CME Group to start trading bitcoin futures later this month, the first time the digital currency will be traded on a Wall Street exchange and subject to federal oversight.

The Week Ahead: Dec. 4-10

Good morning, Memphis! The holidays are in full swing, and several events this week aim to help you make a dent in your shopping list while also supporting local artisans and small businesses. Check out the details on those, plus our entertainment picks and more you need to know about in The Week Ahead...

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 55 55 20,821
MORTGAGES 44 44 24,405
FORECLOSURE NOTICES 0 0 8,610
BUILDING PERMITS 196 196 42,533
BANKRUPTCIES 55 55 13,957
BUSINESS LICENSES 22 22 6,423
UTILITY CONNECTIONS 56 56 13,567
MARRIAGE LICENSES 23 23 5,092

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