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VOL. 127 | NO. 23 | Friday, February 3, 2012

Daily Digest

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Christian Bros. Automotive Finances SE Shelby Garage

Houston-based Christian Brothers Automotive Corp. has filed a $7.5 million trust deed through Wells Fargo Bank NA secured by properties in multiple states, including an auto service garage at 7446 Sonic Drive in southeast Shelby County.

The loan amount recorded by the Shelby County Register of Deeds, reflecting indebtedness for the single Shelby County garage, is $1.8 million.

That 0.7-acre property includes a 5,512-square-foot building that includes 4,560 square feet of garage space and a 952-square-foot office. It is on the south side of Bill Morris Parkway between Quince Road to the west and South Germantown Road to the east, in Polo Grounds Planned Development.

Christian Brothers Automotive bought the property – vacant land at the time – in 2003, and the garage was built that year.

The Shelby County Assessor of Property’s 2011 appraisal was $580,000.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Church Health Ctr. Grant to Help Diabetes Program

The nonprofit Church Health Center has received a $238,000 BlueCross BlueShield of Tennessee Health Foundation grant, which will allow the center to document the efficacy of its intervention program for people with diabetes, a disease that affects nearly 12 percent of the Tennessee population.

Almost 100 participants have signed up for the center’s 18-month Diabetic Obesity Weight Loss Pilot Program, which consists of health coaching, diabetic education, counseling by dieticians, and exercise assessment and planning. Participation also includes access to Church Health Center Wellness, the center’s fitness facility.

Staff members measures participants’ weight, hemoglobin A1C values, cholesterol, aerobic capacity, waist-hip circumference and body fat. Participants are also asked to report on their knowledge of diabetes, their exercise and eating habits and their quality of life.

So far, the results are encouraging. Those participating in the program for six months have experienced an average of 8.5 percent weight loss, a 9 percent improvement in hemoglobin A1C values, an 18 percent reduction in cholesterol and a 15 percent increase in aerobic capacity.

– Aisling Maki

Music Commission Announces Emissaries of Memphis Music

The Memphis & Shelby County Music Commission has announced its 2012 Emissaries of Memphis Music.

The eight women selected will receive their accolades at a celebration March 29 at 7 p.m. at the Holiday Inn University of Memphis, 3700 Central Ave.

The honorees are Anita Makris, owner and manager of the Stage Stop nightclub; Wendy Moten, R&B vocalist and performer of the single “Come In Out of the Rain”; Bev Johnson, news director and radio personality at WDIA-AM 1070; Bethany Paige, Christian pop vocalist and worship leader at Lindenwood Christian Church; Alexis Grace, American Idol finalist and morning host on Q107.5 FM; Anne Pitts, executive director of the Levitt Shell; Ann Peebles, singer and writer of the single “I Can’t Stand the Rain”; and Anita Ward, former Memphis City Schools teacher and singer of the single “Ring My Bell.”

Individual tickets for the event are $50, reserved tables are $750 and group rates are available. Proceeds will benefit the Memphis Musicians Healthcare Plan, a service that provides free health care to Memphis musicians.

– Taylor Shoptaw

Askew Nixon Ferguson Announces Promotions

Askew Nixon Ferguson Architects has announced a trio of promotions in its Memphis office, 1500 Union Ave.

Amanda Whitaker has been promoted to associate. Whitaker joined ANF in 2001 after receiving her bachelor’s degree in architecture from Auburn University. She obtained her architectural license in 2005.

Since coming to ANF, Whitaker has managed a variety of projects, including Christian Brothers University science center, FedEx War Room, Renasant Bank, Trust One Bank, Memphis College of Art graduate school and University of Memphis community health facility.

Jodi Davis has also been promoted to associate. Davis graduated from O’More College of Design with a Bachelor of Science in Interior Design and joined ANF Interiors in 2006.

Davis’ project management experience includes work with EDR, Tennessee Health Management, American Contract Bridge League, the University Club, Trezevant Manor and Healthcare Realty.

Tava Frazier has been promoted to project manager. Frazier joined ANF Interiors in May 2006 after graduating from the University of Memphis with a Bachelor of Fine Arts.

Currently, Tava is in charge of the ANF Interiors Library and has assisted in the design of Memphis Animal Services and several projects for Merck, including the recently completed Merck Consumer Care Center.

– Sarah Baker

St. Louis Fed Releases App for Android Users

The Federal Reserve Bank of St. Louis has released a version of its FRED app for users of Android-power mobile devices.

The app provides economic data including full access to FRED’s nearly 42,000 economic data series from 38 regional, national and international sources.

Users can select data by the specific releases or start out with the 100 most popular data series. They can also create graphs and perform sophisticated analysis through the app’s interactive and customization features.

The FRED app for Android devices is the latest St. Louis Fed product that provides users access to economic data on mobile platforms. The FRED app is also available for Apple’s iPad and iPhone.

– Andy Meek

CDF Seeks to Get Involved in McDonald's Civil Suit

The Children’s Defense Fund has filed a brief to become involved in a civil lawsuit in Memphis federal court against McDonald’s restaurants.

The Washington-based advocacy group is seeking to file an amicus brief in the lawsuit filed by the family of 17-year-old Jerelle Gray. The Gray family is suing McDonald’s alleging violations of child labor laws and Gray’s February 2010 beating by a manager of the restaurant.

The manager pleaded guilty to a state criminal charge of felony aggravated assault.

The lawsuit contends Gray had been treated in a hostile manner before the beating and that he had been left to manage the restaurant during a snowstorm, working an overnight shift, with the knowledge of McDonald’s management.

Gray and his family are contesting McDonald’s use of Tennessee worker compensation laws, and the CDF wants to get involved with the case on the side of the family on that point.

The federal lawsuit is a specific challenge of the state law’s treatment of children as adults.

– Bill Dries

Fred's Same-Store Sales Fall 0.8 Percent in Jan.

Discount store operator Fred’s Inc. said Thursday, Feb. 2, that revenue at stores open at least a year fell by 0.8 percent in January, as its customers continued to struggle in the midst of a weak job market.

The results were below the 1.1 percent rise predicted by analysts, according to a poll by Thomson Reuters. The metric is a key gauge of a retailer’s health because it excludes results from stores recently opened or closed.

The company said total revenue during the month rose 3 percent to $132.4 million, compared to $129.1 million last year.

The company said total revenue during the fourth quarter rose 2 percent to $497.7 million compared to $485.6 million during the same period last year. Sales at stores open longer than a year rose 0.1 percent during the quarter.

For the fiscal year, total revenue rose 2 percent to $1.88 billion, compared to $1.84 billion the year before. Sales at stores open longer than a year rose 0.5 percent.

The company said it still expects that its net income on the fourth quarter will be at the low end to midpoint of its projected range between 23 cents and 27 cents per share, reflecting an offsetting benefit from ongoing control of expenses.

Analysts are expecting adjusted net income of 24 cents per share, according to FactSet.

– The Associated Press

MORTGAGES 0 49 10,665
BANKRUPTCIES 0 256 6,219