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VOL. 132 | NO. 118 | Wednesday, June 14, 2017

County Commission Debates 3-Cent Tax Rate Cut

Shelby County Commissioners approved a 3-cent reduction in the county property tax rate Monday, June 12, on the first of three readings but delayed a vote on the operating budget resolution for more discussion about how to account for the tax-rate cut.

Pinnacle, BNC Shareholders Approve $1.9B Merger

Shareholders of Pinnacle Financial Partners and BNC Bancorp have both approved a $1.9 billion merger of the two banks, which is expected to close soon.

REAL ESTATE & DEVELOPMENT

Shelby County Home Sales Heating Up Before Summer

A solid spring has sown the seeds for an even better summer as the red-hot Memphis area real estate market enters its busiest time of the year.

Shelby County Mortgage Market Sees 14 Percent Gain in May

Sam Goff, vice president of Independent Bank’s mortgage division, got two new contracts in place for homebuyers over the weekend, which gave him an upbeat start to the week.

Local Weather
Currently
Memphis, TN
60.0°F
Overcast
Wind: from the Southwest at 8.1 gusting to 19.6 mph
Humidity: 36%

EVENTS

Memphis Botanic Garden will host the Food Truck Garden Party: Beach Party on Wednesday, June 14, from 5 p.m. to 8 p.m. at MBG, 750 Cherry Road. Enjoy live music, cash bar, fun in the Play Zone and food trucks. Adult admission is $5 for members and $10 for nonmembers (includes one drink); children’s admission is free for members and $5 for nonmembers. Buy tickets at memphisbotanicgarden.com/foodtruck or at the gate.

more events »

Last Word: Surveillance Suit Settled, New Homes Sales Numbers and No Wind

One of the two federal court lawsuits alleging illegal police surveillance of protesters by Memphis Police has been dropped. It is the lawsuit filed by “Fight for $15” activists and that campaign’s Mid-South Organizing Committee. It comes with something for both sides. The city still denies illegal surveillance of protesters. And the activists get a settlement letter that states police will not conduct surveillance on three of the activists by name, without probable cause. The lawsuit was dismissed this week by federal judge Sheryl Lipman without prejudice meaning it could be refiled.

LEGAL AFFAIRS

Tipton County DA Dunavant Nominated as US Attorney

President Donald Trump has nominated District Attorney General Mike Dunavant of Tipton County as the new U.S. attorney for West Tennessee. And he could be close to nominating a new federal district judge for West Tennessee as well.

MEMPHIS NEWSMAKERS

RedRover Adds Will Cook As Design Architect

RedRover Sales & Marketing has added three new employees in recent months, including design architect Will Cook, who has more than 10 years of graphic design experience and comes to RedRover from The Commercial Appeal and Savant Learning Systems. In his new role, Cook primarily designs print and web collateral for RedRover’s clients while also assisting the sales and marketing teams in other ways, including participating in sales meetings and calls.

LOCAL COLUMNISTS

Key To Winning Job Candidate’s Heart? Flexibility

I recently had the opportunity to travel to Austin, Texas, to meet a number of folks who work at the job website Indeed.com. If you’ve looked for a job in the last 10 years, there’s a good chance you’ve visited Indeed.

From LinkedIn Amateur to Pro

Editor's Note: This is the second in a two-part series. LinkedIn is one of the few social platforms that still allows your network to see your organic, unpaid content. It also is the single largest social platform focused exclusively on the business sector. So, if all you use it for is accepting the occasional connection request, it’s time to stop playing and get serious.

MEMPHIS AREA

Labor Activists, Memphis Agree to Settle Civil Rights Suit

MEMPHIS, Tenn. (AP) – Activists pushing for higher wages at fast-food restaurants have settled a lawsuit that claimed police in Memphis, Tennessee, threatened protesters with arrest and followed labor organizers home after meetings.

STATEWIDE

$100M Wind Project Suspended Following Tennessee Moratorium

CROSSVILLE, Tenn. (AP) – A more than $100 million wind farm project in Tennessee has been put on hold after state lawmakers passed a yearlong moratorium on new turbines being installed in the state.

Tennessee Improves 3 Spots to 35th in Child Well-Being Marks

NASHVILLE, Tenn. (AP) – Tennessee has improved three spots to rank 35th in overall child well-being, according to a new report released Tuesday.

August Court Date Set in Tennessee Abortion Vote Appeal

NASHVILLE, Tenn. (AP) – A federal appeals court will hear oral arguments in August in a case aimed at nullifying a vote on a Tennessee constitutional amendment that allows more abortion restrictions.

Governor Confident Immigrant Sentencing Law Constitutional

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam says his administration's legal team is very confident about the constitutionality of a new law that lets judges toughen sentences for defendants in the country illegally at the time of their crimes.

Prosecutors' Lawsuit Says Opioid Drug Makers Deceived Public

NASHVILLE, Tenn. (AP) – A new lawsuit invokes the plight of a baby born dependent on opioid drugs, as three Tennessee prosecutors and the baby's guardian accuse several drug manufacturers of unleashing an epidemic through deceptive marketing that downplayed the risks of addiction to painkillers.

US ECONOMY

A Brighter Economic Outlook is Giving Fed Confidence to Act

WASHINGTON (AP) – In the United States and around the world, economic strength isn't what it used to be. But everything is relative.

NATIONAL BUSINESS

Verizon Takes Over Yahoo to Complete $4.5 Billion Deal

SAN FRANCISCO (AP) – Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet's best-known brands.

MEDICAL NEWS

Drones Carrying Defibrillators Could Aid Heart Emergencies

CHICAGO (AP) – It sounds futuristic: drones carrying heart defibrillators swooping in to help bystanders revive people stricken by cardiac arrest.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 73 155 19,728
MORTGAGES 95 170 23,084
FORECLOSURE NOTICES 4 11 8,315
BUILDING PERMITS 200 338 40,366
BANKRUPTCIES 50 122 13,226
BUSINESS LICENSES 14 23 6,160
UTILITY CONNECTIONS 33 85 13,080
MARRIAGE LICENSES 28 58 4,900

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