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VOL. 129 | NO. 252 | Monday, December 29, 2014

Daily Digest

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Anixter Seeks Permit For Distribution Center

Anixter International Inc. is poised to make improvements to its new Memphis distribution center.

Anixter filed an $851,590 building permit with the city-county Office of Construction Code Enforcement for its new distribution center at 4001 Hickory Hill Road. Grinder, Taber & Grinder Inc. is the general contractor.

Anixter, which is based in the Chicago area, recently leased 100,000 square feet at the building inside Memphis Distribution Center. The company will be relocating from 4580 S. Mendenhall Road, where DDN is expanding.

Anixter is a leading supplier of communications and security products, electrical and electronic wire and cable, fasteners and other small components. Founded in 1957, Anixter operates in over 280 cities in more than 50 countries. The company has 260 warehouses totaling 7.5 million square feet where it maintains 525,000 products and $1 billion in inventory.

Source: The Daily News Online & Chandler Reports

– Amos Maki

Odom Leaving Tigers For Missouri Coaching Job

Barry Odom, who had been defensive coordinator and safeties coach at the University of Memphis, is returning to the University of Missouri to become defensive coordinator and linebackers coach, and again work for Missouri head coach Gary Pinkel.

Odom had been defensive coordinator and safeties coach at Memphis for the past three seasons. Memphis just concluded a 10-3 season, and Odom’s defense ranked fifth nationally in scoring defense (17.1 points per game) and 22nd in total defense (343.3 yards per game) heading into the Miami Beach Bowl, which Memphis won 55-48 in two overtimes.

It’s a homecoming for Odom as he returns to his alma mater, where he starred as a linebacker for Missouri from 1996-99 and later returned for a nine-year stint (2003-11) in a variety of roles on Pinkel’s staff.

– Don Wade

Lifeblood Donors Take Part In ‘Bears for Le Bonheur’

More than 1,500 Lifeblood donors took part in nonprofit Le Bonheur Children’s Hospital‘s “Bears for Le Bonheur” program, giving blood and platelets in the weeks following Thanksgiving.

Donors were asked to sign a holiday tag that accompanied a stuffed polar bear that will be given to every patient in Le Bonheur’s care for the holidays. Lifeblood employees delivered the stuffed bears to the hospital’s patients earlier this month.

Blood donations typically decrease during the winter months due to school being out, traveling and the holidays. Lifeblood, the Mid-South’s only local independent blood center, encouraged their donors give blood and platelets to maintain a safe level of blood for the region’s hospitals and also give a gift to pediatric patients.

“The connection that Lifeblood donors feel to patients is very strong,” Lifeblood CEO Susan Berry-Buckley said while speaking at Le Bonheur. “We are so fortunate to have people that answer the call when children here need blood. This is just one way to show the strength of that connection. We hope that these bears will bring a little cheer to children during their hospital stay this holiday season.”

– Don Wade

CPA Firm Reynolds Bone Adds Audit Partner

Reynolds, Bone & Griesbeck PLC has announced the addition of Ali Sinkular, who brings more than 20 years of experience in the public accounting sector, as the firm’s first female audit partner.

Sinkular was with the Memphis office of a national firm for eight years before making the move to a regional firm, where she served as its first female partner for seven of her 12 years there. In 2013, she left public accounting to become a chief financial officer in the private sector. But her desire to work with clients brought her back to public accounting.

Her understanding of Yellow Book audits and her experience in providing special project assistance to publicly held companies adds another area of service to the firm. She also brings knowledge and skills in auditing broker-dealers, manufacturing and distribution entities, nonprofits, colleges and universities and employee benefit plans.

Sinkular’s addition is one of several recent staff additions and promotions at Reynolds, Bone & Griesbeck. In other changes, Jeree Wheat has joined the firm as an audit manager; Rick Brillard and Daniel Johnson have been promoted to audit senior; Lauren Rupiper has been promoted to tax senior; Kelly Summons has been promoted to tax manager; and Charlotte Henderson has been promoted to tax senior manager.

– Andy Meek

Whitehaven Kiwanis Hosts Police Relations Forum

The Whitehaven Kiwanis Club will host a forum on police and community relations Jan. 6 at noon at the Beratus Restaurant and Grill, 1482 E. Shelby Drive.

The forum is the latest community discussion in the wake of national demonstrations following the violent deaths of black men with police officers in several cities and grand jury investigations in several of those cities in which the grand juries did not charge the police officers.

There have been several peaceful demonstrations locally, including the latest one Dec. 22 outside City Hall.

– Bill Dries

Tenn. General Assembly Launches Website Redesign

A redesigned website for the Tennessee General Assembly features upgrades to bill tracking and video streaming functions.

Republican Senate Speaker Ron Ramsey says the redesign is meant to make state government “more open, more transparent and customer-friendly.”

The site last previously redesigned in 2008 has a new theme and layout that is meant to make it easier to find information about lawmakers and legislation. It is also designed to display and stream video to all major mobile devices.

The new site offers users the ability to track as many bills as they want, up from the three-bill limit in the previous version. And the site will also highlight the latest action taken on a piece of legislation to try to clarify an often confusing process.

– The Associated Press

State Fines Charity Over Misleading Solicitations

The Tennessee agency that oversees charity fundraising is levying a $45,000 fine against a Georgia-based group for misleading practices.

According to the Secretary of State’s office, NSPIRE Outreach has falsely represented that it works with other organizations with which it has no affiliation.

Brent Culberson is the director of the Division of Charitable Solicitations and Gaming in the Secretary of State’s office. He informed NSPIRE Executive Director Gregg Kennard of the penalty via a letter.

In addition to the misrepresentation, many people have complained to Culberson’s office that they continue to receive calls requesting donations even after asking to be removed from the group’s call list.

NSPIRE is also known as Hope House and Hope for Domestic Violence.

– The Associated Press

Jobless Aid Applications Fall to 7-Week Low

The number of Americans applying for unemployment benefits has reached its lowest level in seven weeks, a sign that the U.S. economy and job market are steadily improving.

The Labor Department said Wednesday that applications for unemployment benefits dropped 9,000 last week to a seasonally adjusted 280,000.

The four-week average, a less volatile measure, declined 8,500 to 290,250. That average has plunged 16 percent in the past 12 months.

“What we have seen in the data over the past few months looks favorable for the labor market,” said Daniel Silver, an economist at JPMorgan Chase.

Applications are a proxy for layoffs. The number of people seeking jobless benefits has been at historically low levels – below 300,000 – for 14 of the past 15 weeks. That indicates that companies are retaining their workers and potentially looking to hire with the expectation that economic growth will continue.

As applications for benefits have steadily dwindled, hiring has improved. Employers added 321,000 jobs in November, the most in nearly three years. The unemployment rate held steady at 5.8 percent, down sharply from 7 percent 12 months earlier.

In the first 11 months of this year, employers have added 2.65 million jobs. That already makes 2014 the best year for hiring since 1999.

– The Associated Press

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 102 224 17,767
MORTGAGES 127 277 20,703
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 176 510 36,326
BANKRUPTCIES 54 146 11,828
BUSINESS LICENSES 21 80 5,640
UTILITY CONNECTIONS 27 147 12,181
MARRIAGE LICENSES 11 60 4,417

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