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VOL. 126 | NO. 39 | Friday, February 25, 2011

Daily Digest

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$8.7M Permit Filed for Pinnacle HQ

Memphis Commerce Square Partners has filed a $8.7 million permit application with the city-county Office of Construction Code Enforcement for renovation work to One Commerce Square, Pinnacle Airlines Corp.’s future headquarters.

According to the permit, which was filed this month, the work includes renovation of the concourse and floors two through 14. Grinder, Taber & Grinder Inc. is listed as the contractor on the permit.

In mid-December, Pinnacle signed a long-term lease to occupy 170,000 square feet in One Commerce Square. Pinnacle will move about 650 employees to its new headquarters by November.

Memphis-based Pinnacle Airlines Corp. is the parent company of Pinnacle Airlines Inc., Colgan Air Inc. and Mesaba Aviation Inc., employing more than 7,000. Memphis International Airport is one of Pinnacle’s 11 U.S. hubs.

Source: The Daily News Online & Chandler Reports

– Kate Simone

Pickler Named Among Top Wealth Advisers

David Pickler, president and chief executive officer of Pickler Wealth Advisors, has been named the top financial adviser in West Tennessee and among the top 1,000 financial advisers in the United States in the Feb. 19 issue of Barron’s.

Out of the top 15 advisers in Tennessee, Pickler was ranked No. 12, and was the only adviser from West Tennessee.

Barron’s ranks advisers using data provided by more than 4,000 of the nation’s most productive financial advisers, ranging from Wall Street firms to smaller, independent agencies.

The top 1,000 advisers are ranked according to revenues generated from the firms, assets under management, quality of their practice, philanthropic work and their regulatory record.

– Taylor Shoptaw

National Black MBA Assn. Hosts Debt Workshop

The Memphis Chapter of the National Black MBA Association will host a special workshop on the topic of debt Saturday from 9 a.m. to noon at International Paper, 6410 Poplar Ave.

“Debt: The New Slavery in the African American Community” will include discussions on personal budgeting, mortgages, credit card debt management and credit repair.

The NBMBAA Memphis Chapter, which sponsors several annual fundraising and social events, is involved in the corporate, civic, community and educational activities of the area. For information, visit www.nbmbaamemphis.org or e-mail memphis_nbmbaa@yahoo.com.

– Aisling Maki

Downtown Comfort Inn Picks up Award

The Comfort Inn Downtown announced it has received a prestigious 2010 Platinum Hospitality Award from world lodging leader Choice Hotels International Inc., franchisor of Comfort Inn.

Downtown Memphis’ Comfort Inn is among the top 3 percent of properties within the Comfort brand, according to Choice, making it a top performing property among Comfort’s more than 4,900 U.S. franchised hotels. The hotel is one of only four hotels within Tennessee to receive “Platinum Award” status.

– Andy Meek

First Tennessee Upgrades Mobile Banking App

First Tennessee Bank is launching an updated mobile banking application that includes a new mobile bill pay feature for iPhones and other smart phones.

With the mobile banking app, customers will be able to check account balances, transfer funds between accounts, view recent transactions and find the nearest First Tennessee ATM or financial center. The app upgrade will allow customers to pay bills, see payments made or cancel payments.

“We’re constantly on the lookout for the next great thing that can make our customers continue to love banking with us,” said David Popwell, chief operating officer for First Tennessee.

To download the app or get more information about it, visit www.ftb.com/mobile.

– Andy Meek

2011 Home Show Slated for March 4-6

The 2011 Best of Home Expressions Show – presented by the Memphis Area Home Builders Association and sponsored by the Phoenix Unequaled Home Entertainment – is slated for March 4-6 at Agricenter International, 7777 Walnut Grove Road.

Some highlights this year are more than 25 classic cars on display courtesy of the Olde Tyme Cruisers Car Club where show visitors can vote on their favorite entry; the return of Gary Shomers, a regular guest on the popular PBS show Antiques Roadshow; two chances for visitors to win a $50,000 Express Yourself Total Home Makeover and a $50,000 express yourself Total Landscape Makeover; and more than 200 exhibitors featuring the latest in home building, energy efficiency, remodeling and home services.

The show is 10 a.m. until 6 p.m. on March 4 and 5 and 10 a.m. until 5 p.m. on March 6. Tickets are $8 for adults, $7 for seniors and $4 for youth.

For more information, visit www.bestofhomeexpressions.com or call MAHBA at 756-4500.

– Sarah Baker

WEVL to Benefit from Hi-Tone Concert

Memphis music legend Harlan T. Bobo, along with opening act Holly and the Heathens, will be performing at the Hi-Tone Café, 1913 Poplar Ave., March 5 to raise money for WEVL FM 89.9.

The event will kick off at 10 p.m. and feature special guest DJ Eric from WEVL’s “In the Basement” show, which is hosted by Andrew and Eric and airs every Wednesday from 10 p.m. to midnight.

WEVL has been a nonprofit, noncommercial, volunteer radio station for 35 years, operating only with the help of volunteers and three paid staff members. The station plays a variety of music, including Memphis music, bluegrass, rock and blues. WEVL’s mission is to entertain and inform its audience through diverse music programming with an emphasis on the culture of Memphis and the South.

Admission is $10 and can be purchased in advance by visiting http://www.hitonememphis.com.

– Allison Buckley

Haslam Appoints Poe Communications Director

Tennessee Gov. Bill Haslam has appointed Alexia Poe as his director of communications effective March 14.

Poe, of Nashville, will fill the role Tom Griscom has held on an interim basis since Haslam won the governor’s race last year.

Poe is a veteran of the administration of Republican Gov. Don Sundquist, serving as his press secretary during the latter part of his two terms as governor.

She also worked as deputy press secretary to first lady Laura Bush and established U.S. Sen. Lamar Alexander’s press office after he was elected to the Senate in 2002.

Most recently, she has been director of Nashville Mayor Karl Dean’s Office of Economic and Community Development. Dean credited Poe for overseeing economic recruitment projects.

– Bill Dries

Political Ads Boost EW Scripps Q4 Earnings

Media company E.W. Scripps Co., parent company of the Commercial Appeal, said Thursday its fourth-quarter net income more than doubled, boosted by higher revenue at its television stations thanks to an “exceptionally strong” political advertising season.

For the three months ended Dec. 31, the company earned $25.6 million, or 40 cents per share, up from $12.1 million, or 19 cents per share, a year earlier. Revenue rose 12 percent to $220 million from $196 million.

The company’s TV segment saw a 37 percent revenue increase during the quarter, to $101 million. Political ads jumped nearly tenfold to $28 million.

Newspaper revenue slid about 3 percent to $114 million. Advertising revenue fell 5 percent to $79 million. The company said the rate of decline has eased – it was nearly 7 percent in the third quarter compared with a year earlier.

The Cincinnati-based company’s other newspapers include the Knoxville (Tenn.,) News Sentinel and the Corpus Christi (Texas,) Caller-Times.

For the full year, Scripps posted earnings of $131 million, or $2.04 per share, compared with a loss of $210 million, or $3.89 per share, a year earlier, when the company reported $198 million in unusual items, including an accounting charge to reflect lowered value of its television stations.

– The Associated Press

PROPERTY SALES 83 405 4,276
MORTGAGES 104 424 4,814
BUILDING PERMITS 148 883 10,151
BANKRUPTCIES 53 264 3,149