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VOL. 133 | NO. 16 | Monday, January 22, 2018

Morgan Stanley Denies Ford Fired for Sexual Misconduct

Morgan Stanley executives denied Monday, Jan. 22, that the financial giant fired former U.S. Rep. Harold Ford Jr. for sexual misconduct.

The Week Ahead: Jan. 22-28

Good morning, Memphis! Both the City Council and County Commission take up votes this week with wide-ranging impact, Grizzlies fan favorite Shane Battier returns for the annual Staxtacular fundraiser, and the University of Memphis Tigers get a chance to redeem themselves against Cincinnati. Check out what else should be on your radar in The Week Ahead...

County Commission Moves Toward Minority Business Fixes, Landfill Moratorium

Shelby County commissioners vote Monday, Jan. 22, on a first step toward amending the minority and locally owned business program they approved more than a year ago with great fanfare.

Sports Notebook: Z-Bo returns, Memphis FB adds four, Jeremiah Martin hurt in loss

After the Grizzlies decided not to bring back Zach Randolph for this season, one thing was sure: When he returned to FedExForum in another uniform he would get a rousing reception.

Some Express Interest in Monuments Removed From City Parks

The private nonprofit that had the city’s two most visible Confederate monuments removed from city parks in December says it has fielded numerous offers to take the statues of Nathan Bedford Forrest, Jefferson Davis and a bust of Confederate Capt. Harvey Mathes in Memphis Park where the Davis statue stood.

Local Weather
Currently
Memphis, TN
75.0°F
Mostly Cloudy
Wind: South at 13.8 mph
Humidity: 52%

EVENTS

The Voices of the South Writing Cabaret will meet Monday, Jan. 22, from 6 p.m. to 8 p.m. at TheatreSouth, 1000 S. Cooper St. (in the First Congregational Church basement). At the start of the evening, participants receive a writing prompt and write for an hour, then everyone is given the opportunity to share what they have written. Cost is free; one drink minimum. Visit voicesofthesouth.org.

more events »

Around Memphis | January 22, 2018

Here’s a look at recent Memphis-related news from around the web…

Last Word: Brunch Overload, Grade-Changing Misdemeanor and Sports Rebirth

What happens when Memphians have been home and/or work bound for about two weeks between a national flu outbreak and snow and ice that hangs tough in below freezing temperatures and the temperature Sunday under sunny skies is almost 60? The correct answer is brunch overload.

Tennessee and Local Reps. In DC View Shutdown Across Partisan Divide

Among Tennessee’s two U.S. Senators and the two Congressmen who represent Shelby County in Washington, the partisan differences over the federal government shutdown that began Saturday are right at the top of their prepared statements on the shutdown released over the weekend.

FINANCIAL SERVICES

First Tennessee Parent Company Caps Busy Fourth Quarter and 2017

Investors and analysts who cover the Memphis-based publicly traded parent company of First Tennessee Bank had a lot of news to digest during the bank’s fourth quarter.

EDUCATION

Parkinson’s Grade-Changing Bill Faces Opposition From Education Association

NASHVILLE – With a grade-changing scandal at Trezevant High rocking Shelby County Schools, Rep. Antonio Parkinson is pushing legislation designed to put a harsh “deterrent” on illicit transcript changes: criminal prosecution.

REAL ESTATE RECAP

Lender Reclaims City’s Tallest Building, Lafayette’s Expanding

100 N. Main St., Memphis, TN 38103THM Memphis Acquisitions LLC effectively bought the 100 North Main Building, a 37-story office tower, at a foreclosure auction on the courthouse steps after the property failed to receive any bids. A substitute trustee’s deed for the $1 million transaction was recorded with the Register’s Office Thursday, Jan. 11.

THE MEMPHIS NEWS

Editorial: Kroger’s Bottom Line Isn’t Ours

The decision by Kroger’s Delta Division to close stores in Southgate shopping center and on Lamar Avenue west of Airways next month is probably based on dollars and cents – millions of dollars in losses at each store.

What a Kick

Vibrant Memphis sports scene adds pro soccer

Peter Freund is a baseball guy. Grew up on the New York Yankees. Today, not only is he principal owner of the Memphis Redbirds, he owns stakes in other minor league teams through his Trinity Baseball Holdings and even has a small slice of the Yankees. But make no mistake, he is a businessman. And it was the businessman in him that was convinced to bring a United Soccer League (USL) team to Memphis and AutoZone Park for the 2019 season.

This week in Memphis history: Jan. 19-25

2008: Former U.S. Sen. Fred Thompson of Tennessee exits the Republican primary for president after a string of poor finishes in primary and caucus states, ending with the South Carolina primary, where he finishes third. Thompson had left his recurring role on “Law and Order” the previous spring to explore a possible run, then officially announced his candidacy on “The Tonight Show” in June.

LAST WEEK'S MOST POPULAR

New East Memphis OB/GYN Practice Launching Feb. 2

A new OB/GYN practice is launching in East Memphis Feb. 2, the result of a trio of doctors leaving their current office to hang out their own shingle and offer a full range of obstetrics and gynecology services.

Memphis Out of Running for Amazon's Second Headquarters

Memphis is out of the running for Amazon’s massive second headquarters. The Seattle-based ecommerce giant released a list of 20 finalists Thursday, Jan. 18, out of the 238 proposals submitted by cities across the United States, Canada and Mexico.

Lafayette's Music Room Announces Overton Square Expansion

Loeb Properties, Inc. has announced that popular Midtown music venue, Lafayette's Music Room will expand its operations into 2121 Madison Ave.

Lender Reclaims 100 North Main at Auction

More than a year after Memphis’ tallest building went into foreclosure, 100 North Main has been reclaimed by the lender.

Crosstown High Preps For August Opening

The first class of freshmen students has been selected for the fall semester of Crosstown High, a new public charter school opening this August. The school, which will welcome 600 students by 2021, will be located on the first, fourth and fifth floors of the new community-driven, mixed-use Crosstown Concourse redevelopment.

TENNESSEE LEGISLATURE

Haile Named Tennessee Senate Speaker Pro Tempore

NASHVILLE, Tenn. (AP) – State Sen. Ferrell Haile will take over duties as Tennessee Senate speaker pro tempore.

STATEWIDE

Salesman Says He Told Truck Stop President About Fraud

CHATTANOOGA, Tenn. (AP) – A former sales executive for the truck stop chain Pilot Flying J has testified that he told the company's former president colleagues had cheated a trucking company.

Medicaid Expansion Splits Tenn. Governor Hopefuls in Health Forum

NASHVILLE, Tenn. (AP) – A health care forum Friday illustrated the partisan split in the Tennessee governor's race over Medicaid expansion, with Democrats ranking it their top priority and Republicans opposing it or espousing other priorities.

REGIONAL NEWS

Arkansas Lawmakers Approve Ban on Disputed Herbicide

LITTLE ROCK, Ark. (AP) – Arkansas lawmakers on Friday approved banning an herbicide that farmers say has drifted onto crops where it wasn't applied and caused damage, but the prohibition still faces a legal challenge from a maker of the weed killer.

SPORTS

Power Five Conferences Approve Medical Benefits Extension

INDIANAPOLIS (AP) – The NCAA's five largest conferences approved sweeping changes in everything from medical care to basketball during the holidays on Friday, dashing through the agenda with little opposition and virtually no debate.

NATIONAL BUSINESS

Amazon Raises Monthly Prime Membership Fees by 20 Percent

NEW YORK (AP) – Amazon is raising the price of its Prime membership monthly plan by nearly 20 percent. The fee of $99 for an annual membership will not change, the company said Friday.

Good Dog, Bad Dog ... Delta Wants to Know Before You Board

DALLAS (AP) – Delta Air Lines will soon require owners of service and support animals to provide more information before their animal can fly in the passenger cabin, including an assurance that it's trained to behave itself.

Facebook to Emphasize 'Trustworthy' News Via User Surveys

Facebook is taking another step to try to make itself more socially beneficial, saying it will boost news sources that its users rate as trustworthy in surveys.

LEGAL AFFAIRS

Supreme Court to Rule on Trump Travel Ban

WASHINGTON (AP) – The Supreme Court agreed Friday to decide the legality of the latest version of President Donald Trump's ban on travel to the United States by residents of six majority-Muslim countries.

MEDICAL NEWS

US Flu Season Gets Worse, Has 'Lot More Steam' Than Expected

NEW YORK (AP) – The flu season in the U.S. is getting worse.

Facebook to Emphasize 'Trustworthy' News Via User Surveys

Facebook is taking another step to try to make itself more socially beneficial, saying it will boost news sources that its users rate as trustworthy in surveys.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 69 2,404
MORTGAGES 83 83 2,977
FORECLOSURE NOTICES 4 4 481
BUILDING PERMITS 97 97 5,100
BANKRUPTCIES 44 44 1,823
BUSINESS LICENSES 26 26 922
UTILITY CONNECTIONS 29 29 1,041
MARRIAGE LICENSES 13 13 356

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