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VOL. 132 | NO. 121 | Monday, June 19, 2017

Daily Digest

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Memphis and Liverpool Host Songwriters Exchange

This summer, the cities of Memphis and Liverpool, England, will see their music scenes collide when Music Export Memphis and Monkey Mind Productions present “From Memphis to the Mersey,” a songwriters exchange that will select two emerging artists from each city for an immersive cultural and creative experience on both sides of the ocean.

During the exchange, the songwriters will be coached by and collaborate with mentors who include Grammy Award winner and Stax legend William Bell; Memphis singer, songwriter and producer Susan Marshall; the face and the voice of UK and international chart-topping Liverpool band The Christians; and The Christians’ band member, multi-instrumentalist, writer and producer Joey Ankrah.

From Memphis to the Mersey is made possible by support from the Memphis Convention & Visitors Bureau and Arts Council England.

The four selected songwriters will spend three days working in Memphis – Aug. 4-6 – and three in Liverpool from Aug. 26 to 28. Each city experience will culminate in an event featuring the performance of new songs and a curated conversation about the exchange itself and the connections between these two international music cities.

– Andy Meek

FedEx Declares Quarterly Dividend Payable July 6

FedEx Corp.’s board of directors has announced a quarterly cash dividend of 50 cents per share on its common stock.

The dividend is payable July 6 to stockholders of record at the close of business on June 22.

At its most recent quarterly earnings call in March, Memphis-based FedEx reported net income of $562 million, or $2.07 per share, for the fiscal quarter that ended Feb. 28, which was an increase from $507 million, or $1.84 per share, for the same period last year.

However, this fell short of the average consensus forecast, which was $2.63 per share, according to Zacks Investment Research.

Additionally, revenue for the company rose to $15 billion from $12.7 billion a year ago, topping Zacks’ forecast of $14.96 billion. FedEx expects full-year earnings in the range of $11.85 to $12.35 per share.

– Patrick Lantrip

Society of Women Engineers Gets $2,000 Donation

The Barge, Waggoner, Sumner and Cannon Inc. Community Fund has donated $2,000 to the Society of Women Engineers’ Memphis Professional Section.

In 2013, the Memphis Middle School Robotics Competition began as a single outreach event to promote science, technology, engineering and mathematics (STEM) engagement with middle school students. The format was simple: provide a Lego Mindstorms EV3 robot kit, a competition format and a STEM mentor.

The SWE Memphis Professional Section will use Barge Waggoner’s contribution to increase the program by 15 percent – adding six to eight teams – in 2018 and provide more students with role models and pathways to success.

The SWE Memphis Professional Section is the local post-collegiate arm of the Society of Women Engineers, working to inspire women to achieve their potential in careers as engineers and leaders, expand the image of the engineering profession as a positive force in improving the quality of life, and demonstrate the value of diversity.

– Andy Meek

Archer Malmo Wins National ADDY Awards

Memphis-based brand communications agency Archer Malmo won three national ADDY Awards at the 2017 American Advertising Awards.

The national awards are hosted by the American Advertising Federation.

Archer Malmo received 16 district ADDYs and 64 local ADDYs earlier in the year across its Memphis and Austin, Texas, offices.

National Silver ADDYs were won on behalf of the following projects:

• Illustration category, “Baby Shower Invitation”

• Advertising Industry Self-Promotion Ambient Media category, “La Tortilla Bendita”

• Advertising Industry Self-Promotion Integrated Campaign category, “La Tortilla Bendita”

The American Advertising Awards are the largest creative competition in the world with more than 40,000 local entries competing in 200 markets coast to coast.

– Andy Meek

Tennessee’s Jobless Rate Lowest Since March 2001

Tennessee’s unemployment rate dropped dramatically in May, hitting 4.0 percent, the lowest since March 2001, according to the Tennessee Department of Labor and Workforce Development. The state’s unemployment rate was 4.7 percent in April.

The drop also took Tennessee’s jobless rate below the national average, which stood at 4.3 percent in May.

“While the statewide numbers look good for May, we know there are still several distressed counties across Tennessee and we need to focus on the unemployed workers in those areas,” Burns Phillips, labor and workforce commissioner, said in a statement. “I am anticipating (this week’s) county-by-county numbers to see how those parts of the state fared last month.”

Thus far in 2017, 57,500 jobs have been added to nonfarm employment in Tennessee, the department reported. The biggest increases have come in professional/business services, trade/transportation/utilities and in mining/logging/construction.

– Daily News staff

PROPERTY SALES 53 210 10,146
MORTGAGES 53 214 11,160
BUILDING PERMITS 245 474 22,646
BANKRUPTCIES 271 271 6,490