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Mill Closure Means Layoffs a Taste of Australia Sec Becoming Qb Factory

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Mill Closure Means Layoffs a Taste of Australia Sec Becoming Qb Factory September 13-19, 2013, Vol. 6, Issue 38 SEC BECOMING HOME SALES QB FACTORY TREND UPWARD Long known for its August home sales stout defensive play, »posted significant the Southeastern gains over last year. Conference has a crop The number of sales, of stellar quarterbacks average sales price and this season that can sales volume all showed rival any league in the improvement from nation. • P. 1 6 August 2012. • P. 1 2 SHELBY • FAYEttE • TiptON • MadisON PRESCRIPTION FOR SUCCESS Memphis Medical Center leaders confident in district's future P. 1 8 “One of our fundamental tenets is growing our research capabilities,” says Dr. Ken Brown, executive vice chancellor and chief operations officer at UTHSC, one of the leading institutions in the Memphis Medical Center. SPECIAL EDITION : HEALTH CARE & BIOTECH (Memphis News/Andrew J. Breig) A TASTE OF MILL CLOSURE AUSTRALIA MEANS LAYOFFS Wine Market owner When IP closes an Scott Smith heads Alabama mill, 1,100 Down Under to learn workers will lose their about its wines. • P. 1 2 jobs. • P. 7 WEEKLY DIGEST: PAGE 2 EDUCatioN: PAGE 6 LAW TALK: PAGE 30 INKED: PAGE 31 EDITORIAL: PAGE 38 A Publication of The Daily News Publishing Co. | www.thememphisnews.com 2 September 13-19, 2013 www.thememphisnews.com weekly digest Get news daily from The Daily News, www.memphisdailynews.com. Memphis Botanic Garden County Trustee Lenoir THE MEMPHIS NEWS | almanac To Build Concert Facility Runs for Re-Election The Memphis Botanic Garden plans Shelby County Trustee David Lenoir’s on building an entertainment center for campaign website and Facebook page SEPTEMBER 13-19, 2013 its popular Live at the Garden Summer went up Thursday, Sept. 12, signaling his This week in Memphis history: Concert Series. intent to seek a second four-year term in According to a permit filed with the the 2014 county elections, starting with Shelby County Office of Construction Code the May 6 Republican primaries. 1973: Wayne W. Pyeatt assumed the duties of chief executive officer of Enforcement, the Botanic Garden plans Lenoir will formally kick off his cam- National Bank of Commerce. He had been president and chief adminis- on building a $2.2 million entertainment paign with a Sept. 26 fundraiser. trative officer. The decision by the bank’s board left Lewis R. McKee as center for Live at the Garden. Lenoir was part of a slate of Republi- board chairman. The Live at the Garden series started in can contenders that took every county- And Charles O. McPherson was sworn in as judge of Division 2 of Shelby 2001 with a performance by the late Isaac wide office on the 2010 county general County Circuit Court. McPherson was sworn in by Judge Greenfield Polk Hayes, and quickly developed into one of election ballot. and was appointed by then-Gov. Winfield Dunn to fill the unexpired term the city’s most unique live music experi- of Judge John W. Wilson. ences. University of Memphis Starts Dorm Construction 1963: Among the privilege licenses issued, Alta Vista TV at 3173 N. Watkins Main to Main Connector Road, which also included radio repair in its description, and Deep Rock The University of Memphis broke #5, a tobacco store at 2742 Park Avenue. Meeting Scheduled ground Wednesday on a new residence Looking for the latest news on the am- hall at the corner of Patterson Street and 1955: The Tennessee Brewery was sold for $68,000 to A. Karchmer & Son, a bitious Main Street to Main Street Multi- Norriswood Avenue. local scrap metal dealer that occupied the brewery building until 1981. modal Connector Project? The new building, which will face The original Memphis Brewing Co., opened in 1885, that was included in You can get an update on the project Central Avenue, will replace Richardson the sale, was torn down in 1963. Wednesday, Sept. 18, at 4 p.m. in the fifth Towers and is expected to be completed Source: “Finest Beer You Ever Tasted” by Kenn Flemmons floor conference room at City Hall, 125 N. for the fall 2015 semester. The university Main St. will continue to operate Richardson Tow- 1943: On the front page of The Daily News, the City Commission approved the The Main Street to Main Street Project ers until the new building is complete, city’s purchase of two pieces of land on the riverfront at Adams Avenue coordinating committee will give an up- then will remove it to create additional and Promenade Street for a total of $52,500. The two parcels, one date on bid recommendations, bid status green space. owned by Marx & Bensdorf as trustee and the other by National Bank of and bid schedule. The $53 million, 780-bed building will The $37 million project includes major feature double- and single-occupancy Commerce, brought to 10 acres the amount of riverfront real estate the infrastructure improvements to Main rooms on wings with shared private city owned but had no immediate plans for. Street Downtown and a pedestrian and bathrooms. The facility also will have 24 bicycle boardwalk across the Harahan apartments, each with six single-occupant Bridge. bedrooms. It will also include classrooms, TRUST EXPERIENCE Beth Bell, Senior VP Paulette Bukauskas, VP George Pappas, President Kristen Sears, VP Brent Westbrook, AIF® , VP Trust Officer Auditor Trust Officer Trust Operations Manager Business Development Since 1998 Since 2001 Since 1996 Since 2003 Since 2001 You need investment guidance you can trust because your legacy and personal finances demand it. Argent has roots tracing back to 1930 and has been serving the Memphis area since 2009. Come see one of our professionals who, with decades of experience, can help you or your organization plan for your current and long term financial needs. Give us a call today at 901.767.3103 to find out how Argent Trust can help you design the right investment management plan for you, your family, your company, or your institution. 6075 Poplar Avenue, Suite 702 • Memphis, TN 38119 • 901.767.3103 www.thememphisnews.com September 13-19, 2013 3 Get news daily from The Daily News, www.memphisdailynews.com. weekly digest study and project space, and room for information can be found at www.obsidi- Class B shares for an 11.9 percent stake New York-based News Corp. owns both student programs. anpr.com, and applications for the free in the company, making it the largest The Wall Street Journal and the New York event are due by Oct. 10. institutional shareholder of the company, Post, along with Dow Jones Newswires Memphis Companies according to FactSet. and a book publishing arm. Last week, Lipscomb & Pitts Chosen Earlier this week, Southeastern and it announced a deal to sell off 33 smaller To Present in Nashville Icahn dropped their opposition to Dell’s publications, including eight dailies. The Memphis-area companies Mobilizer For ‘Best Practices’ Study plan to sell itself to its company founder publisher split off its movie studio and and View Medical are presenting next Lipscomb & Pitts Insurance has been Michael Dell in a $24.8 billion deal. cable television business, now called 21st month at the LifeSciTN Conference and tapped to be part of a group of indepen- The investment firm and Icahn had Century Fox, in June. Venture Forum in Nashville. dent insurance agencies around the U.S. vehemently opposed the deal, saying that The event brings together industry participating in the Independent Insur- it significantly undervalued the company, Overton Square Bogie’s experts, investors and innovators and ance Agents & Brokers of America’s Best but dropped their bid after realizing that is designed to create an atmosphere in Practices study group. they wouldn’t be able to defeat a vote on Closed by State which entrepreneurs can create partner- More than 1,100 agencies out of the the offer set for Thursday. The Bogie’s Delicatessen at 2098 ships and raise capital. more than 35,000 in the U.S. were nomi- Top presenters will be offered start-up nated this year. But only 216 independent business services from LifeSciTN Venture agencies qualified for inclusion in the Forum supporters. 2013 Best Practices study. Dependable. The IIABA started the study in 1993. It Compassionate. Obsidian to Brainstorm documents practices of the “best” agen- Experienced. cies and urges others to adopt similar With Small Businesses practices. Obsidian Public Relations is playing host to seven small businesses for its first Southeastern Asset Memphis Idea Fest next month. The firm is hosting the event at its Management Buys Stake office, 493 S. Main St., on Oct. 29. During In News Corp. Idea Fest’s one-hour lightning rounds, Memphis-based Southeastern Asset Maintain your loved Obsidian’s entire Memphis staff will meet Management Inc., the investment firm ones routine in with each chosen organization’s manage- that along with activist investor Carl Icahn familiar surroundings ment team for a brainstorming session to opposed the proposed buyout of Dell with peace of mind. address a public relations issue currently Inc., disclosed that it has taken a nearly 12 facing each business. percent stake in News Corp. Businesses must have fewer than 50 According to the Tuesday Securities (901) 737-3990 employees to qualify for participation. and Exchange Commission filing, South- www.eaglemedicalstaffing.com Other application requirements and event eastern now owns 23.8 million News Corp. 4 September 13-19, 2013 www.thememphisnews.com weekly digest Get news daily from The Daily News, www.memphisdailynews.com. Lasalle Place in Overton Square has been over the same period last year. The year- ly workplaces were based on benefits closed by the state for failure to pay taxes. to-date average sales price was $142,363, Wunderlich Securities available to employees who adopt, such as The state Department of Revenue up 10.3 percent from $129,083 last year.
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