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VOL. 132 | NO. 119 | Thursday, June 15, 2017

Wunderlich Securities Plans to Move HQ to One Commerce Square

Wunderlich Securities Inc. is preparing to move its corporate headquarters – currently in East Memphis, where the investment firm employs 110 people – to Downtown’s One Commerce Square.

Whitehaven Leaders Unveil New Economic Development Group

It’s been 10 months since Rev. Earle Fisher was among those turned away from Graceland’s annual candlelight vigil by Memphis Police in a reaction to possible protests at the vigil commemorating the anniversary of Elvis Presley’s death.

CCL-Korsini Opens $25M Collierville Plant

One of the first things several Collierville civic leaders did when they toured CCL-Korsini LLC’s $25 million label-printing facility Wednesday, June 14, was look beyond the loading dock to the adjacent open land.

First Horizon CFO Talks Capital Bank Merger

First Tennessee Bank’s parent company is a $30 billion financial institution that’s put its cash to work the last few years by buying back almost 10 percent of its shares and pursuing smaller mergers and acquisitions.

Juvenile Justice Summit Touts Sustained Contact Out of Court

Memphis-Shelby County Juvenile Court Judge Dan Michael says he should have more definitive plans for a Juvenile Assessment Center by the fall.

Local Weather
Currently
Memphis, TN
91.0°F
Overcast
Wind: Southwest at 11.5 mph
Humidity: 64%

EVENTS

The Memphis Area Transit Authority will participate in National Dump the Pump Day Thursday, June 15, by offering free rides in Memphis, Shelby County and West Memphis on its paratransit vehicles, fixed-route buses and rubber-tired trolley buses. For details and route maps, visit matatransit.com.

more events »

Last Word: Disaster Paperwork, The Whitehaven Plan and Juvenile Justice

On its way to Washington is the paperwork for a federal disaster declaration sent Wednesday by Tennessee Gov. Bill Haslam. It includes Shelby County and 11 other Tennessee counties. This is essentially federal funding that will reimburse local government for money they spend up front for these kinds of disasters. The state’s request also includes a call for individual assistance to Shelby County homeowners and business owners whose property was damaged in the Memorial Day weekend storms.

Norris to Oversee Second Panel Reviewing Juvenile Justice

Senate Majority Leader Mark Norris is set to oversee a comprehensive review of Tennessee’s juvenile justice system in an effort to reshape the lives of offenders.

Trezevant Celebrates 40 Years, Expanded Services

For Jet Thompson, living at the Trezevant senior living community is part of a family tradition. She has been a resident there for the past 16 years – recently celebrating her 96th birthday – her mother had lived there for 20 years starting in 1981, and now two of her daughters are on the waiting list for admission.

Snapshot: All Stocked Up

The Curb Market in Crosstown Concourse is fully stocked with local produce on opening day Wednesday, June 14. The grocer also features local dairy products, meats and other groceries; an in-house butcher shop; and a full kitchen preparing hot and cold dishes for dine-in and carry-out.

REAL ESTATE RECAP

Hernando Ice Cream Parlor Preparing Crosstown Location

1350 Concourse Ave. -
Area 51 Ice Cream, a popular ice cream parlor in Hernando, Mississippi, is getting ready to open its second location in Crosstown Concourse.

LOCAL COLUMNISTS

Gag Clauses Outlawed

BrightLocal, a search engine optimization consulting company, found that 91 percent of consumers regularly or occasionally read consumer reviews in making a buying decision. Its survey also revealed that 84 percent of people trust online reviews as much as a personal recommendation and that 74 percent say positive reviews make them trust a local business more.

VIEW FROM THE HILL

Medicaid Cuts Could Hit Rural Children Hardest

As Congress fiddles with an Obamacare replacement, one likely to cut billions in Medicaid spending, health care experts warn a decrease in funding could be hard on Tennessee.

STATEWIDE

Nashville Airport Honored for Being Fastest-Growing

NASHVILLE, Tenn. (AP) – Nashville International Airport (BNA) has been named the fastest growing airport of its size in the country following a surge in passenger traffic last year.

Auto Supplier Minth Group to Invest $13M in Tennessee Plant

LEWISBURG, Tenn. (AP) – Chinese auto supplier Minth Group is investing $13 million in a Tennessee plant, creating 200 jobs.

State Court Filing: Law on Meaning of Words Does Nothing New

NASHVILLE, Tenn. (AP) – A new law that's been criticized as discriminatory against same-sex couples actually does "nothing new at all," Tennessee's attorney general contends in a legal filing.

US ECONOMY

Fed Raises Key Rate and Unveils Plan to Reduce Bond Holdings

WASHINGTON (AP) – The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. The Fed also announced plans to start gradually paring its bond holdings later this year, which could cause long-term rates to rise.

US Retail Sales Slide 0.3 Percent, Biggest Drop in 16 Months

WASHINGTON (AP) – Americans cut spending at gasoline stations, department stores and electronics shops in May as retail sales registered their biggest drop in 16 months, a cautionary sign for the economy.

US NEWS

Gunman Who Shot Congressman Had History of Anti-GOP Activity

BELLEVILLE, Ill. (AP) – The gunman who shot a top GOP congressman and several other people Wednesday at a baseball practice outside the nation's capital had a long history of lashing out at Republicans and once frightened a neighbor by firing a rifle into a field behind his Illinois house.

CONSUMER NEWS

Feds Point Fingers as 'Debt Relief' Cos. Prey on Students

Fraudulent "debt relief" companies are preying on the most vulnerable of the 44 million people with student loans, as federal officials dispute who's to blame and what to do, a NerdWallet investigation has found.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 92 374 12,495
MORTGAGES 109 432 14,525
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 160 680 26,098
BANKRUPTCIES 53 218 8,378
BUSINESS LICENSES 24 99 4,212
UTILITY CONNECTIONS 40 230 9,191
MARRIAGE LICENSES 11 49 3,055

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