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VOL. 133 | NO. 116 | Monday, June 11, 2018

New Loan Fund for Minority, Women-Owned Businesses Starts with $15M

A $15-million small business loan fund announced Monday, June 11, is aimed at improving access to capital for minority and women-owned businesses in the Memphis area.

Dustin Johnson Wins Last FESJC and Takes Over No. 1 World Ranking

Next year the Memphis PGA Tour Stop becomes WGC event

Dustin Johnson had a sizable lead. Only a couple of holes remained in the final round of Sunday’s FedEx St. Jude Classic at TPC Southwind and a victory would push Johnson from No. 2 in the world rankings to No. 1.

Laurenzi Joins Baker Donelson After Long Career as Prosecutor

Larry Laurenzi describes himself as a “litigator” – meaning much of his 35-year career in the Memphis U.S. Attorney’s office was about the courtroom – going to trial or preparing to go to trial.

The Week Ahead: June 11-17

Good morning, Memphis! Father’s Day is this weekend – and no matter whether yours is a rocker, a runner or a reader, there’s something to do with dear ol’ dad. Plus, check out where to see Gov. Bill Haslam, former VP Joe Biden and the “winningest woman in racing” in The Week Ahead.

Last Word: The Heat and The Memphis Identity and Stackhouse to Grizz

What is it that draws us to social events outside when it is this hot? This is a topic where the specifics counsel against generalities. So it could be argued that the beckoning of summer heat – pre-summer heat in this case – that smothers you after greeting you like a brick wall at any door opening is an indication of the degree to which you are of Memphis.

Local Weather
Currently
Memphis, TN
82.0°F
Mostly Cloudy
Wind: West at 13.8 mph
Humidity: 65%

EVENTS

The Memphis Juneteenth Urban Music Festival returns Friday through Sunday, June 15-17, at Robert R. Church Park on Beale Street, with several related events before the three-day festival.

more events »

Around Memphis: June 11, 2018

The Daily News offers a weekly roundup of Memphis-related headlines from around the web, adding context and new perspectives to the original content we produce on a daily basis. Here are some recent stories worth checking out…

REAL ESTATE RECAP

Lake District Lands Malco Theater, Former Benchmark Seeks New Life

3536 Canada Road,, Lakeland, TN 38002 -
 More good news for the residents of Lakeland as Malco Theatres Inc. has signed a letter of intent to construct a “state-of-the-art” movie theater in The Lake District.

THE MEMPHIS NEWS

Editorial: St. Jude Reaches for Memphis’ Boldest Vision

There aren’t too many physical reminders of the star-shaped building that housed the original St. Jude Children’s Research Hospital in the early 1960s, other than the statue of St. Jude himself.

Going Global

St. Jude Children’s Research Hospital establishing itself as worldwide leader in fight against pediatric cancers

Over the past two years, St. Jude Children’s Research Hospital has extended its global reach in a variety of ways, forging new partnerships and alliances to further research efforts for pediatric cancer and blood disorders while investing more than $1 billion to substantially grow its Memphis headquarters.

June 8-14, 2018: This week in Memphis history

1977: Former president Gerald Ford, playing in the pro-am event of the Danny Thomas Golf Classic, hits a hole-in-one on the fifth hole at Colonial Country Club with a five-iron shot that hits the green six feet from the flag and rolls in. The tour professional in the group is Ben Crenshaw. On the ninth hole, Ford hit three straight bunker shots.

LAST WEEK'S MOST POPULAR

FedEx Rolls Out the Purple Runway For Its Next Generation of Pilots

FedEx Express is paving a runway for the pilots of tomorrow – a direct pipeline to flying for the Memphis-based delivery services company on the Fortune 500 list.

$71.2M Federal Grant Awarded for Long-Sought Lamar Avenue Upgrade

A $71.2 million federal transportation grant announced Tuesday, June 5, in Washington, D.C., will fund long-planned and awaited infrastructure updates to the city’s major freight corridor.

Malco Planning New 'State-of-the-Art' Theater for Lake District

More good news for the residents of Lakeland as Malco Theatres Inc. has signed a letter of intent to construct a “state-of-the-art” movie theater in The Lake District.

First Horizon’s Flippin: $4B Initiative ‘Laser-Focused on Helping People’

Since joining First Horizon National Corp. as executive vice president and chief communications officer in January, Candace Steele Flippin has met with community leaders and organizations to identify areas that are prime candidates for the bank’s recently announced Community Benefit Plan. This $4 billion, five-year initiative earmarks funds for small-business loans, home loans, and community development in low- to moderate-income areas within the bank’s footprint.

100 North Main

New life and optimism for Memphis skyscraper would change the area around it

The city’s tallest building, the 37-story 100 North Main Building – may or may not become the city’s second convention center hotel. But the skyscraper that has been vacant for four years and counting is the centerpiece of a 3-acre planned commercial complex anchored by a 600-room hotel, no matter where it winds up in the footprint. The complex, as much as the hotel, promises to change more than the city’s convention business.

STATEWIDE

Tennessee Judges: New Laws to Aid Domestic Violence Victims

NASHVILLE, Tenn. (AP) – Tennessee judges are praising two new state laws they say will help protect domestic violence victims.

Dailey, DeMoss Make History as Assistants in Hall of Fame

KNOXVILLE, Tenn. (AP) – Connecticut's Chris Dailey and former Tennessee assistant Mickie DeMoss are entering uncharted territory with their historic inductions into the Women's Basketball Hall of Fame.

NATIONAL BUSINESS

Kia Recalls Over 500K Vehicles; Air Bags May Not Inflate

DETROIT (AP) – Kia is recalling over a half-million vehicles in the U.S. because the air bags may not work in a crash.

Young Entrepreneurs Overcome Inexperience and Skeptics

NEW YORK (AP) – The age-old issue came up again recently: A potential client asked Nate Hartmann, "Hey, how old are you?"

Vaping Essays: E-Cigarette Sellers Offering College Scholarships

A growing number of e-cigarette and vaporizer sellers have started offering college scholarships as a way to get their brands listed on university websites and to get students to write essays about the potential benefits of vaping.

NATIONAL GOVERNMENT

Trump Signals Support for Legislation Easing US Ban on Pot

LOS ANGELES (AP) – President Donald Trump said Friday that he's inclined to support a bipartisan effort in Congress to ease the U.S. ban on marijuana, a proposal that would dramatically reshape the nation's legal landscape for pot users and businesses.

MEDICAL NEWS

Flu Season Was One of the Deadliest for US Children

NEW YORK (AP) – The past flu season was the deadliest for U.S. children in nearly a decade, health officials said Friday.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 110 188 14,031
MORTGAGES 126 219 16,224
FORECLOSURE NOTICES 2 7 2,209
BUILDING PERMITS 170 411 29,164
BANKRUPTCIES 57 116 9,042
BUSINESS LICENSES 23 52 4,753
UTILITY CONNECTIONS 29 66 5,599
MARRIAGE LICENSES 19 56 3,038

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