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VOL. 133 | NO. 42 | Tuesday, February 27, 2018

FedEx Responds to Criticism over NRA Ties

The day after FedEx Corp. released a statement saying that would continue to offer discounts to National Rifle Association members despite differing opinions on gun legislation, the Memphis-based company released a follow up statement addressing the backlash.

AutoZone Selling 2 Businesses; Earnings Miss Street Forecasts

Memphis-based AutoZone Inc. is selling two of its business segments: Interamerican Motor Corp., a distributor of replacement parts for imported vehicles, and AutoAnything, an online-only retailer that specializes in accessories, performance and replacement parts.

Corker Stays Out of Senate Race

U.S. Sen. Bob Corker of Tennessee will remain on the sidelines and not get into the 2018 race for the Senate seat.

FedEx to Keep Discount amid Calls for NRA Boycott

Despite a recent trend that has seen more than a dozen major corporate brands sever ties with the National Rifle Association in the wake of the latest school massacre in Parkland, Florida, local brand FedEx has announced that it will continue to offer discounts to NRA members.

Orpheum Announces All-Musical Broadway Season Topped By Hamilton

A set of six touring Broadway shows topped by the Memphis debut of “Hamilton” are the 2018-2019 Broadway season at the Orpheum theater.

Local Weather
Currently
Memphis, TN
84.0°F
Mostly Cloudy
Wind: West at 9.2 mph
Humidity: 67%

EVENTS

The National Civil Rights Museum and the University of Memphis Benjamin L. Hooks Institute for Social Change will present “The Poverty Report: Memphis Since MLK” during a forum and panel discussion Tuesday, Feb. 27, from 6 p.m. to 9 p.m. at NCRM, 450 Mulberry St. The report details how African-Americans and the poor have fared in Memphis and Shelby County over the past 50 years. Cost is free. RSVP at civilrightsmuseum.org.

more events »

ServiceMaster Beats on Earnings, Misses Revenue Target

ServiceMaster Global Holdings Inc. reported Tuesday earnings of 35 cents per share in its fiscal fourth quarter, a penny better than estimated on revenue that came in slightly below estimates.

MLK 50

Progress Since Sanitation Strike Questioned 50 Years Later

There was no “reverse march” this past weekend. But there are signs on the Main Street Mall that trace the route of striking sanitation workers from Clayborn Temple to City Hall 50 years ago.

EMPHASIS Commercial Real Estate

Not Your Father’s Office Building

Clark Tower Upgrades Are More Than Cosmetic

2017 was a big year for Clark Tower, with more than $9 million in physical improvements. But perhaps one of the biggest changes to the 34-story East Memphis office tower, located at 5100 Poplar Ave., is a change in perception.

Last Word: City Hall Fallout, 8Ball on Room 306 and Clark Tower Update

A group of students at Maxine Smith STEAM Academy at the Fairgrounds started the school week Monday with a gathering in a circle outside the art deco school building at Central and East Parkway in a student-led memorial for the students killed in Parkland, Florida almost two weeks ago. There was a moment of silence followed by reading the names of the 17 students who died in the massacre.

CRE Owners Look To Reap Rewards Of New Tax Cuts

The start of the year enjoyed a flurry of commercial real estate sales and building permits, on the heels of federal tax cuts passed late last year that are expected to benefit CRE owners and possibly impact the number of new projects and sales announced this year.

High Point Climbing Takes Foothold in East Memphis

By the end of the year, a parking lot just off Walnut Grove Road and North Humphreys Boulevard will be replaced with an outdoor climbing wall – one of the signature design elements of High Point Climbing and Fitness, which just began construction of its first ground-up facility in Memphis.

ELECTIONS

Local Political Partisans Begin Looking Beyond Trump

The founder of one of the city’s Trump “resistance” groups is among those looking for something beyond the resistance.

COMMUNITY

Dunavant Awards to Honor Dwyer, Kennedy at Feb. 28 Event

Time is running out to reserve a spot at the 15th annual Dunavant Public Servant Awards luncheon, which will take place on Wednesday, Feb. 28, at the University of Memphis Holiday Inn on Central Avenue. The event, which is co-sponsored by The Daily News and the Rotary Club of Memphis East, recognizes the importance of the work public servants do year-round for the community.

TENNESSEE LEGISLATURE

Pre-K Expansion Faces Resistance in Push for Sunday Wine Sales

NASHVILLE – Legislation sending revenue from Sunday wine sales to prekindergarten expansion faces a battle on several fronts when it reaches a committee in early March.

Jack Daniel's Fights Possible Tennessee Whiskey Barrel Tax

NASHVILLE, Tenn. (AP) Jack Daniel's wants state lawmakers to ensure that distillers aren't subject to Tennessee property tax on whiskey barrels, which the company says it hasn't had to pay at least since Prohibition ended eight decades ago.

REAL ESTATE RECAP

Three Downtown Projects Get Green Light, EPE Plan Put on Hold

3677 Elvis Presley Blvd., Memphis, TN 38116 -
 Elvis Presley Enterprises’ new expansion plans have been put on hold for at least a month after an attorney with the city of Memphis requested the Economic Development Growth Engine for Memphis and Shelby County delay its vote to give the city more time to review the plans. The new plans submitted to the EDGE board call for 80,000 square feet of exhibit and convention space with restaurant and entertainment venues.

LOCAL COLUMNISTS

Navigating The Fundraising Priority Maze

If you have worked with a nonprofit, you may have experienced getting lost in what we call the “fundraising priority maze.” Here’s what it looks like.

Belly Button Meeting Tips

We get hired to moderate and facilitate a lot of meetings. Sometimes they are annual strategic workshops. Sometimes they are customer co-creations. They range from strategy to innovation and every combination between the two poles.

LEGAL AFFAIRS

Lorenzen Wright’s Ex-Wife Pleads Not Guilty to Murder

MEMPHIS, Tenn. (AP) – The ex-wife of former NBA player Lorenzen Wright pleaded not guilty Monday to murder charges in his death more than seven years ago.

STATEWIDE

Governor Hopeful's Group to Manage Minor League Ballclub

GREENEVILLE, Tenn. (AP) – A company owned by Tennessee candidate for governor Randy Boyd will manage day-to-day operations of another minor league baseball team.

REGIONAL NEWS

Arkansas Casino Measure Would Expand Gambling at Tracks

LITTLE ROCK, Ark. (AP) – A proposal to legalize casinos in Arkansas has been revised to allow expanded gambling at a greyhound track and horse track that already offer video poker and other electronic games.

NATIONAL BUSINESS

UPS Sues EU for $2 Billion Over Blocked TNT Merger

BRUSSELS (AP) – U.S. delivery giant UPS is suing the European Union's antitrust regulator for blocking a merger with Dutch firm TNT Express, which later was snapped up by Memphis-based FedEx Corp., a UPS rival.

Spectrum Brands Combining With HRG in $10B Deal

NEW YORK (AP) – Consumer products company Spectrum Brands is combining with its biggest shareholder, HRG Group Inc., in a deal valued at $10 billion.

CBS Launching 24-Hour Streaming Sports News Network

CBS Corp. is rolling out a 24-hour streaming sports news network that will feature the day's top news, highlights and analysis.

DowDuPont, Soon to be 3 Companies, Reveals Names

WASHINGTON (AP) – DowDuPont is announcing the names of the three businesses it will become when it breaks itself into three, eight months after the Justice Department approved a $62 billion merger between the chemical giants Dow and DuPont.

Buffett Says Tax Cuts Provide Huge Boost to US Businesses

OMAHA, Neb. (AP) – Billionaire Warren Buffett says American businesses are getting a significant boost from the tax overhaul, but health care costs remain a drag so he hopes a new initiative his company started with Amazon and JP Morgan Chase will deliver significant savings.

NATIONAL GOVERNMENT

Transport Safety Rules Rolled Back Under Trump

WASHINGTON (AP) – On a clear, dry June evening in 2015, cars and trucks rolled slowly in a herky-jerky backup ahead of an Interstate 75 construction zone in Chattanooga, Tennessee. Barreling toward them: an 18-ton tractor-trailer going about 80 mph.

Supreme Court Declines to Decide Fate of 'Dreamers' Just Yet

WASHINGTON (AP) – The Supreme Court on Monday rejected the Trump administration's highly unusual bid to bypass a federals appeals court and get the justices to intervene in the fate of a program that protects hundreds of thousands of young immigrants from deportation.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
FORECLOSURE NOTICES 19 63 2,202
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926
BUSINESS LICENSES 23 136 4,701
UTILITY CONNECTIONS 23 141 5,534
MARRIAGE LICENSES 15 88 2,982

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