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Fredric Koeppel Discusses »Halal Food and Its Health Benefits with Mohammad Halimah, Owner of Zaytoon Mediterranean Grill

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Fredric Koeppel Discusses »Halal Food and Its Health Benefits with Mohammad Halimah, Owner of Zaytoon Mediterranean Grill February 4-10, Vol. 5, Issue 6 35 Food & Wine Fredric Koeppel discusses »halal food and its health benefits with Mohammad Halimah, owner of Zaytoon Mediterranean Grill. STATE SPENDING: WHARTON HITS ON TOP PRIORITies IN Q&A: Gov. Bill Haslam outlined his $31 Memphis Mayor A C Wharton Jr. gave representatives of the city's billion budget proposal during last business community a glimpse into his mind and background on his week's State of the State. » Page 6 priorities during a question-and-answer session. » Page 28 SPECIAL EDITION : COMMERCIAL & INDUSTRIAL REAL ESTATE GRINDING IT OUTPAges 12-25 COMMERCIAL REAL ESTATE NOTCHES SOLID YEAR AMID STILL-SPUTTERING ECONOMY Photo: Lance Murphey 26 Sports Casual Memphis Grizzlies fans might know Tony Allen for his towel-waving antics on the bench. But he's so much more, as his defense and determination are vital to the team's success. DAILY DIGEST: PAGE 2 EDUCATION: PAGE 7 SMALL BUSINess: PAGE 30 NEWSMAKERS: PAGE 31 LAW TALK: PAGE 32 A Publication of The Daily News Publishing Co. | www.thememphisnews.com 2 February 4-10, 2012 www.thememphisnews.com weekly digest Get news daily from The Daily News, www.memphisdailynews.com. Baker Donelson Announces alleging violations of child labor laws and The federal lawsuit is a specific chal- a key gauge of a retailer's health because Third Merger in 4 Months Gray’s February 2010 beating by a manager lenge of the state law’s treatment of children it excludes results from stores recently of the restaurant. as adults. opened or closed. Baker, Donelson, Bearman, Caldwell The manager pleaded guilty to a state The company said total revenue during & Berkowitz PC has announced its third criminal charge of felony aggravated as- the month rose 3 percent to $132.4 million, merger in less than four months. sault. compared to $129.1 million last year. The Memphis law firm has merged with The lawsuit contends Gray had been Fred’s Same-Store Sales The company said total revenue during the Houston firm of Drucker, Rutledge & treated in a hostile manner before the beat- Fall 0.8 Percent in Jan. the fourth quarter rose 2 percent to $497.7 Smith LLP, months after a merger Baker ing and that he had been left to manage the million compared to $485.6 million during Donelson announced in October with an- restaurant during a snowstorm, working Discount store operator Fred's Inc. said the same period last year. Sales at stores other Houston firm, Spain Chambers. an overnight shift, with the knowledge of Thursday, Feb. 2, that revenue at stores open open longer than a year rose 0.1 percent Now with the Drucker, Rutledge & Smith McDonald’s management. at least a year fell by 0.8 percent in January, during the quarter. merger, the combined firm will have more Gray and his family are contesting as its customers continued to struggle in the For the fiscal year, total revenue rose 2 than 630 attorneys and advisers in seven McDonald’s use of Tennessee worker com- midst of a weak job market. percent to $1.88 billion, compared to $1.84 states and Washington. pensation laws, and the CDF wants to get The results were below the 1.1 percent billion the year before. The combined firm will continue to use involved with the case on the side of the rise predicted by analysts, according to a Sales at stores open longer than a year the name Baker Donelson. As a result of the family on that point. poll by Thomson Reuters. The metric is rose 0.5 percent. new merger, Baker Donelson gains seven attorneys. In early March, those attorneys will relocate to join Baker Donelson’s other Houston attorneys in a new location in Downtown Houston. GTx Shares Up Sharply After Citigroup Report Shares of GTx Inc. rose about 50 percent Monday, Jan. 30, after Citigroup predicted the Memphis-based pharmaceutical com- pany was likely about a year away from reporting positive results from its Phase III clinical trials for Ostarine, a drug designed to prevent and treat muscle wasting in cancer patients. Citigroup estimated that positive out- comes of the trial could be worth at least $11 per share and that Ostarine could at- tract the interest of biopharma companies that offer oncology products. Citigroup also raised its price target from $8 to $19 after adding Ostarine to its valuation. GTx shares opened Monday at $4.81 and closed at $5.88, with an intraday high of $6.24. Its closing price Friday, Jan. 27, was $3.94. The price held steady Tuesday, closing at $5.85. Muscle wasting, which currently has no approved treatment, is a common cancer- related problem resulting in decline in physical function, and those limitations predict the ability of non-small cell lung cancer patients to tolerate chemotherapy. The Ostarine clinical program, which to date has included 600 patients in eight trials, has shown consistent results in dif- ferent patient populations, with 69 percent of patients showing improved physical function and 63 percent showing improved lean body mass endpoint, compared to 33 percent for placebo group on both end- points. GTx has traded with a 52-week range of $2.27 to $6.86. 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 law- suit filed by the family of 17-year-old Jerelle Gray. The Gray family is suing McDonald’s www.thememphisnews.com February 4-10, 2012 3 Get news daily from The Daily News, www.memphisdailynews.com. weekly digest The company said it still expects that Interiors in 2006. at www.greatamericansteamboatcompany. helps assess and assist in the design of its net income on the fourth quarter will be Davis’ project management experience com. sustainable communities. The program will at the low end to midpoint of its projected includes work with EDR, Tennessee Health also include short presentations of several range between 23 cents and 27 cents per Management, American Contract Bridge local “urban magnet” projects in the early share, reflecting an offsetting benefit from League, the University Club, Trezevant stages of planning and development. ongoing control of expenses. Manor and Healthcare Realty. FDA, Medical Device Makers The lecture is organized by Crosstown Analysts are expecting adjusted net Tava Frazier has been promoted to Reach User Fee Deal Arts, Urban Land Institute Memphis, and income of 24 cents per share, according project manager. Frazier joined ANF Inte- Livable Memphis. to FactSet. riors in May 2006 after graduating from the The Food and Drug Administration has The event, which is free and open to the University of Memphis with a Bachelor of agreed to work toward more predictable, public, begins with a reception in the Main Fine Arts. transparent reviews of new medical im- Gallery at 5:30 p.m., and the program begins Currently, Tava is in charge of the ANF plants in return for a 100 percent increase at 6 p.m. in Callicott Auditorium. Askew Nixon Ferguson Interiors Library and has assisted in the in user fees from manufacturers, under a Announces Promotions design of Memphis Animal Services and preliminary agreement. several projects for Merck, including the The pact with the medical device in- Askew Nixon Ferguson Architects has recently completed Merck Consumer Care dustry announced Wednesday, Feb. 1, is Eaton Closing Memphis announced a trio of promotions in its Mem- Center. expected to provide $595 million in user Center, Laying Off 47 phis office, 1500 Union Ave. fees to the FDA over five years, allowing Amanda Whitaker has been promoted the agency to hire 200 new scientists. That Eaton Corp., which describes itself as a to associate. amount essentially doubles the $295 mil- diversified power management company, Whitaker joined ANF in 2001 after Great American Steamboat lion industry paid over the last five years is closing a distribution center in Memphis receiving her bachelor’s degree in architec- To Hire More Than 300 of the arrangement. While not final, the that will affect as many as 47 workers. ture from Auburn University. agreement assures the continuation of a Layoffs are expected to begin Feb. She obtained her architectural license Memphis-based Great American Steam- decade-long program in which the FDA 15 and end by March 30, according to a in 2005. boat Co. will hire more than 300 employees supplements its budget with company notice the company provided the Tennes- Since coming to ANF, Whitaker has to work on The American Queen steamboat payments. The latest agreement would re- see Department of Labor and Workforce managed a variety of projects, including scheduled to call Memphis its home port quire the FDA to provide more preliminary Development. Christian Brothers University science starting in April. meetings with companies before device Eaton had 2011 sales of $16 billion. The center, FedEx War Room, Renasant Bank, The jobs include housekeeping and applications are submitted. company has about 73,000 employees and Trust One Bank, Memphis College of Art culinary jobs, positions on the marine and The announcement comes after more sells products to customers in more than graduate school and University of Memphis technical crew that runs the boat, and other than a year of closed-door meetings be- 150 countries. community health facility. front and back of the house positions. tween industry and the FDA, which dragged Jodi Davis has also been promoted to The company is organizing a career fair on past the agency's self-imposed deadline associate.
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