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VOL. 133 | NO. 123 | Wednesday, June 20, 2018

City Bond Rating Boosted to AA

The city’s bond rating has been upgraded by Fitch Ratings to AA, Memphis Mayor Jim Strickland said Wednesday, June 20.

Explore Bike Share Logs Nearly 3,000 Riders in First Month

In its first month of operation, Explore Bike Share has been used by 2,950 people who took 6,423 rides covering 26,078 miles, the bike share service reported Wednesday, June 20.

Council Approves 13-Year Contract with MRPP, Makes End of Fiscal Year Moves

Memphis City Council members gave the Memphis River Parks Partnership a 13-year contract to manage and operate the city’s riverside parks Tuesday, June 19, with a 10-year renewal option.

Corker and Alexander Immigration Policy Reactions Differ As Trump Makes Changes

As President Donald Trump announced Wednesday, June 20, that he would reverse his administration's policy on separating children from parents who cross the U.S.-Mexico border illegally or seeking asylum, U.S. Senator Lamar Alexander of Tennessee was among the Republican lawmakers sitting around the table with Trump.

Parkside Proposal

Parkside developers seeking TIF for Shelby Farms Parkway

The developers of the proposed Parkside at Shelby Farms project have applied for a tax-increment financing (TIF) designation to fund nearly $72 million in public infrastructure improvements to the area, including the construction of Shelby Farms Parkway.

Local Weather
Currently
Memphis, TN
91.0°F
Mostly Cloudy
Wind: Variable at 3.5 mph
Humidity: 66%

EVENTS

Creative Aging’s Senior Arts Series continues Wednesday, June 20, at 1:30 p.m. at Theatre Memphis, 630 Perkins Road Extended. The performance features Creative Aging jazz and blues artist Deborah Swiney and highlights from Theatre Memphis’ “42nd Street.” Tickets available online or at the door for a minimum donation of $5 (cash or check). Visit creativeagingmidsouth.org.

more events »

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."

Last Word: 'Same Night Batteries,' Corker and Alexander React and ASD Results

Things you notice in City Council chambers on a long council day: The clock on the wall in back of the chamber is placed over another clock – a clock built into the wall when City Hall opened in 1966 and since deprived of its hands. This came up because the clock in front stopped working Tuesday, the same day that the council got new microphones for a sound system that is consistently buggy.

FedEx Q4 Profits Beat Wall Street Estimates

Memphis-based FedEx Corp. posted solid growth during its fiscal fourth quarter, beating Wall Street estimates.

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.

Tiger Hoops Sees Boost In Season Ticket Sales

Mark Cockerell saw his fill of University of Memphis basketball last season – and admitted it wasn’t on his nickel. “Went to almost all the games with tickets I got at work,” said Cockerell, who works for FedEx. “There were always lots of unused tickets floating around.”

Southwind’s New GM Poised to Put His Exclamation Point on Next Tournament

The stories all told of how Dustin Johnson’s 177-yard slam dunk 9-iron shot ended the FedEx St. Jude Classic’s 61-year run with a thundering exclamation point.

MEMPHIS NEWSMAKERS

Duffy-Geiger Named CFO At Monogram Foods

Cheryl Duffy-Geiger has joined Monogram Foods as chief financial officer. In this role, Duffy-Geiger will be responsible for developing strategic business plans, partnering with operations and supply chain, building relationships with banking partners and overseeing accounting, among other duties. She joins Monogram from Kellogg Co., where she was chief financial officer for its largest global business unit, U.S. domestic snacks.

LOCAL COLUMNISTS

Avoiding Early Career Pitfalls

The summer is an exciting time for young job seekers. A new group of graduates has just been minted and are searching for their first full-time job. But, there are many pitfalls you may encounter along the way. Here are a few suggestions to help you in your search.

Alexa, Sell My Brand …

“Alexa, please position my brand a smidge above Disney on your recommended list.”

STATEWIDE

Tennessee Adds Alabama Graduate Transfer Brandon Kennedy

KNOXVILLE, Tenn. (AP) – Tennessee has boosted its offensive line by adding Alabama graduate transfer Brandon Kennedy.

Tennessee GOP Senate Hopeful Blames Liberals in Separations

NASHVILLE, Tenn. (AP) – Tennessee's leading U.S. Senate candidates are decrying the separation of immigrant families at the border, with Republican Rep. Marsha Blackburn blaming liberals.

NATIONAL BUSINESS

Canceled Flights Pile Up at American Airlines Affiliate

DALLAS (AP) – American Airlines is continuing to cancel hundreds of flights because of computer problems at an affiliate, PSA Airlines.

Verizon, AT&T to End Location Data Sales to Brokers

Verizon and AT&T have pledged to stop providing information on phone owners' locations to data brokers, stepping back from a business practice that has drawn criticism for endangering privacy.

CVS Health Will Now Deliver Prescriptions to Your Home

CVS Health will make prescription deliveries nationwide to accommodate the heightened expectations of convenience from consumers.

Business Leaders Speak Out Against Child Separation Policy

DETROIT (AP) – Business leaders are condemning the Trump administration's decision to separate children from parents who are accused of crossing the border illegally.

NATIONAL GOVERNMENT

In Tit-for-Tat, Trump Threatens More Tariffs Against China

WASHINGTON (AP) – President Donald Trump has directed the U.S. Trade Representative to prepare new tariffs on $200 billion in Chinese imports as the two nations move closer to a trade war.

Lower Costs, Fewer Benefits in New Health Insurance Option

WASHINGTON (AP) – The Trump administration's new health insurance option offers lower premiums for small businesses and self-employed people, but the policies are likely to cover fewer benefits.

FedEx Q4 Profits Beat Wall Street Estimates

Memphis-based FedEx Corp. posted solid growth during its fiscal fourth quarter, beating Wall Street estimates.

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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 0 0 4,681
MARRIAGE LICENSES 20 20 2,564

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