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VOL. 133 | NO. 122 | Tuesday, June 19, 2018

Bain Capital Buying Varsity Brands for $2.5B

Memphis-based Varsity Brands Inc. is being purchased by Bain Capital Private Equity in a deal Varsity says will help it "accelerate our growth to the next level."

County Commission Leaves Only Tax Rate Undone in Budget Season

Shelby County commissioners took final action Monday, June 18, on every item in its budget season except a final approval of a $4.05 county property tax rate.

Bank of Bartlett Consolidating Germantown Branches

Bank of Bartlett has announced it will consolidate its two neighboring Germantown operations in a singular “enhanced” location at the corner of Poplar Avenue and Kirby Parkway.

MEM Grows Five Years After Delta De-Hub

Five years after Delta Air Lines de-hubbed Memphis International Airport, the airport’s transition to most of its customers being origin and destination passengers has had mixed results in other ways.

Lifeline for Debt

Bye Student Loan Debt founder looks to expand reach

Student loans are a big topic these days with an even bigger and growing price tag for most families in America. Thanks to a young engineer with a financial mind, there may be a place for students and their families to go before they find themselves drowning in debt.

Local Weather
Currently
Memphis, TN
77.0°F
A Few Clouds
Wind: West at 3.5 mph
Humidity: 96%

EVENTS

Talk Shoppe will meet Wednesday, June 20, from 9 a.m. to 10 a.m. at Pinot’s Palette, 8225 Dexter Road, suite 103. A Dress for Success representative will present “Career 101: What Not to Wear.” Cost is free. Visit talkshoppe.com.

more events »

Last Word: County Budget Compromise, MEM After 5 Years and Elvis

There is nothing like the end of a term for those holding elected office. That’s what gets most of the credit for the Shelby County commission’s smooth ending to its budget season Monday. A final reading of the revised county property tax rate of $4.05 still awaits. But the commission went a long way toward locking that in with the approval of everything else at the Monday session.

Council To Review ‘Shared Mobility’ Rules For Scooters, Bike Share

Memphis City Council members get their first look Tuesday, June 19, at a “shared mobility” ordinance that would set broad ground rules for “shared use mobility bicycles, electric assist bicycles and electric scooters.”

Poe Man’s Dream Entrepreneurial Camp Giving Students Big Ideas

Logan McNeil, 15, wants to open his own restaurant someday. Diamond Jones, 17, wants to have her own fashion business, even if it’s just selling T-shirts, and her 14-year-old brother, Jordan Jones, believes his future is as a funeral home owner.

2018 TENNESSEE ELECTIONS: ISSUES & ANSWERS

Tennesseans Struggle to Get and Stay Healthy

Despite having some of the best health care companies in world, the people who live and work in Tennessee are not healthy.

What Do Statewide Candidates Say About Health Care in Tennessee?

According to Think Tennessee’s State of Our State dashboard, the state ranks near the bottom in the number of adults with heart disease, obesity and diabetes. It also ranks near the bottom of all states for the health of senior citizens, infant mortality, number of adults who smoke, and at the absolute bottom in childhood obesity. Tennesseans are, on the whole, not healthy. What can and should our next political leaders do about it?

LOCAL COLUMNISTS

Connect and Care to Grow Business

Keynote from Conscious Capitalism Conference: Jeff Sinelli. Jeff is the founder of Genghis Grill and Which Wich Superior Sandwiches. This is his story. He starts by making two comments: “When you want something bad enough, the world will conspire to give it to you,” and, “This is an emotional stage for me, I may start crying.”

Fundraising in the Latino Community

Part one of a two-part interview with Cynthia Magallon Puljic. Philanthropy is philanthropy and fundraising is fundraising, right? We’re not so sure. Wanting to know more about philanthropy and fundraising within the Latino community, we talked with Cynthia Magallon Puljic to learn her thoughts and observations. 

STATEWIDE

Complaint Targets Tennessee Governor Hopeful's Business Help

NASHVILLE, Tenn. (AP) – A campaign finance complaint is questioning how a Republican hopeful for governor is getting political help from his businesses, among other concerns about how he's raising money.

Former Deputy Governor, Hamilton County Mayor Dies

CHATTANOOGA, Tenn. (AP)Claude Ramsey, a former Tennessee lawmaker, deputy governor and Hamilton County mayor, has died. He was 75.

STATE GOVERNMENT

Tennessee Governor Picks Rausch as New TBI Director

NASHVILLE, Tenn. (AP) – Tennessee Gov. Bill Haslam has picked Knoxville Police Chief David Rausch to become the new director of the Tennessee Bureau of Investigation.

State Probes Misuse of Funds Accusation Against Acting TBI Leader

NASHVILLE, Tenn. (AP) – The Tennessee Bureau of Investigation says an immediate, outside review is looking into accusations that its acting director has misused state funds.

Tennessee House Speaker Contender Won't Seek Re-Election

NASHVILLE, Tenn. (AP) – A longtime Tennessee lawmaker who had expressed interest in running for House speaker says he won't seek re-election.

NATIONAL BUSINESS

Builder Optimism Fades With Potential Trade War Looming

NEW YORK (AP) – The threat of a trade war with Canada has taken a toll on the confidence of U.S. homebuilders, according to index released Monday.

Experts Say Auto Tariffs Would Raise Prices, Cost Jobs

DETROIT (AP) – Every workday, about 7,400 trucks mostly loaded with automotive parts rumble across the Ambassador Bridge connecting Detroit and Canada, at times snarling traffic along the busy corridor.

NATIONAL GOVERNMENT

Trump Announces Plans for Pentagon to Create 'Space Force'

CAPE CANAVERAL, Fla. (AP) – Vowing to reclaim U.S. leadership in space, President Donald Trump announced Monday he is directing the Pentagon to create a new "Space Force" as an independent service branch aimed at ensuring American supremacy in space.

LEGAL AFFAIRS

Supreme Court to Take Up iPhone App Lawsuit

WASHINGTON (AP) – The Supreme Court will consider whether the purchasers of iPhone apps can sue Apple over allegations it has an illegal monopoly on the sale of the apps.

TECHNOLOGY

Apple Sets Up iPhones to Relay Location for 911 Calls

SAN FRANCISCO (AP) – Apple is trying to drag the U.S.'s antiquated system for handling 911 calls into the 21st century.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 77 77 11,602
MORTGAGES 79 79 13,506
FORECLOSURE NOTICES 0 0 1,858
BUILDING PERMITS 96 96 24,260
BANKRUPTCIES 53 53 7,526
BUSINESS LICENSES 31 31 3,943
UTILITY CONNECTIONS 49 49 4,730
MARRIAGE LICENSES 20 20 2,564

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