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VOL. 132 | NO. 54 | Thursday, March 16, 2017

Conservancy Puts Up Half of Money for Zoo Parking Redesign

The Overton Park Conservancy is turning over $250,000 to pay half of the cost for design and engineering work on the Memphis Zoo's reconfigured and expanded parking lot.

Signature HealthCARE to Lay Off 215 in Memphis

Signature HealthCARE at Saint Francis is laying off 215 workers and working with families of the 95 patients at the facility, 6007 Park Ave., to find them another nursing home.

Boyd Opens Memphis Campaign for Governor

Former Tennessee Economic and Community Development commissioner Randy Boyd brought his newly launched campaign for governor to Memphis Wednesday, March 15, with a pledge to continue the economic development policies of Gov. Bill Haslam – policies, particularly in workforce training, that Boyd played a key role in shaping.

Verso Reports Drop in Q4 Sales Ahead of Memphis Exit

Memphis-based Verso Paper reported a 15 percent drop in net sales for the fourth quarter of 2016 compared to the fourth quarter of 2015.

Net Loss Widens for GTx in Fourth Quarter

GTx Inc. reported a fourth-quarter loss of $6.9 million, or 44 cents per share, more than twice the loss of $3.2 million from the same period in 2015.

Local Weather
Currently
Memphis, TN
78.0°F
Overcast
Wind: from the South at 15.0 gusting to 21.9 mph
Humidity: 45%

EVENTS

NAWBO Memphis will hold a reception honoring Memphis Mayor Jim Strickland on Thursday, March 16, from 4:30 p.m. to 6:30 p.m. at Memphis Bioworks, 20 Dudley St., suite 200. The reception celebrates Strickland and the city’s Office of Diversity for moving the needle to ease access for women- and minority-owned enterprises to do business with the city. Cost is free with a suggested donation of $15. Visit nawbomemphis.org.

more events »

Last Word: Lakeland Date Set, Silos in South Main and Trespassing in Apartments

Here comes the Governor’s race with Randy Boyd doing the honors here in Memphis Wednesday at the top of the second day of his fly-around. Boyd’s opening sounds very much like he is running as the heir apparent to Gov. Bill Haslam – although there are no heirs in politics, at least not without an election. He talked a lot about hitting workforce development and job goals of the Haslam administration if he is elected Governor in 2018.

Dean Brings Business Focus to Nonprofit Alliance as Interim CEO

In 1995 when Nancy McGee became executive director of what is now known as the Alliance for Nonprofit Excellence, it was just a small grant-writing center. It grew into a holistic nonprofit support organization that offers management services to more than 200 members.

Loflin Yard Developer Working on New Restaurant Concept Downtown

Two of the developers of Loflin Yard are planning to restore another vacant lot in the South Main Arts District into an indoor/outdoor bar and restaurant using repurposed metal grain silos.

Fred’s Brings on New Board Members

Change continues to be the operative word at Memphis-based retailer Fred’s Inc., which has made some key additions to its board in recent days as the company continues pursuing a major turnaround that includes completing its acquisition of 865 Rite Aid stores.

TENNESSEE LEGISLATURE

Bill to Create Criminal Trespassing at Apartment Complexes Could Face Legal Challenges

NASHVILLE – Two Memphis lawmakers are pushing legislation designed to clear apartment complexes of trespassers, in some cases to ensure that emergency personnel avoid intimidation and threats when they answer calls dealing with shootings.

Shelby County Educators Spar With DeBerry Over Voucher Bill

NASHVILLE – A group of Shelby County teachers and parents disappointed that voucher legislation was put off until next week turned their ire Tuesday, March 14, on Rep. John DeBerry, and he responded in kind.

REAL ESTATE RECAP

Hickory Hill Home Depot Site Sells for $15 Million

3469 Riverdale Road, Memphis, TN 38115  -
A Dallas, Texas-based real estate investment trust has purchased a large parcel of land where a Home Depot is located in Hickory Hill for $15.7 million.

LOCAL COLUMNISTS

The Art Of Italy Museum Reservations

“The Last Supper” is billed as one of Leonardo da Vinci’s great masterpieces, and it’s housed in Milan’s Church of Santa Maria delle Grazie.

Singing Along With Tone-Deaf Legislators

Often dull, but never boring. They might even make you break out into song.

STATE GOVERNMENT

Gov. Haslam Approves of Senate Change to Gas Tax Proposal

NASHVILLE, Tenn. (AP) – Republican Gov. Bill Haslam says he approves of changes to his transportation funding proposal made in the state Senate earlier this week.

US ECONOMY

Fed Raises Rate and Sees More Hikes as US Economy Improves

WASHINGTON (AP) – The Federal Reserve has raised its benchmark interest rate for the second time in three months and forecast two additional hikes this year. The move reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans.

Text of the Fed's Statement After its Meeting Wednesday

WASHINGTON (AP) – Below is the statement the Fed released Wednesday after its policy meeting ended:

Will Mortgage Rates Rise? What to Know About Fed Rate Hike

WASHINGTON (AP) – Are mortgage rates headed up? How about car loans? Credit cards?

AUTO INDUSTRY

Trump Announces Challenge to Obama-Era Fuel Standards

YPSILANTI, Mich. (AP) – President Donald Trump announced Wednesday that his administration will re-examine federal requirements governing the fuel efficiency of cars and trucks, moving forcefully against Obama-era environmental regulations that Trump says are stifling economic growth.

Q&A: Change to Fuel Economy Standards Could Impact Consumers

DETROIT (AP) – President Donald Trump plans to re-examine federal fuel economy requirements for new cars and trucks.

HEALTH CARE

Gov't Report: More Than 12M Signed Up For 'Obamacare'

WASHINGTON (AP) – The government says more than 12 million people have signed up for coverage this year under former President Barack Obama's health care law, even as the Republican-led Congress debates its repeal.

GREEN

Yoga Pants, Cozy Clothes May be Key Source of Sea Pollution

KEY LARGO, Fla. (AP) – Comfortable clothes are emerging as a source of plastic that's increasingly ending up in the oceans and potentially contaminating seafood, according to Gulf Coast researchers launching a two-year study of microscopic plastics in the waters from south Texas to the Florida Keys.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 49 213 4,664
MORTGAGES 68 278 5,611
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 250 504 10,250
BANKRUPTCIES 48 141 3,608
BUSINESS LICENSES 31 98 1,833
UTILITY CONNECTIONS 56 177 3,960
MARRIAGE LICENSES 10 55 1,079

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