May 19
Nucor Corp. said Thursday its first-quarter earnings jumped sharply as consumers bought more durable products like appliances and automobiles, but the construction businesses remained challenging.
For the quarter that ended April 3, Nucor said it reversed a loss and posted net income of $31 million, or 10 cents a share. A year ago, Nucor had a net loss of $189.6 million, or 60 cents per share. Nucor operates a steel mill on Presidents Island.
BancorpSouth earnings
BancorpSouth achieved net income of $8.4 million during the first quarter that ended March 31, the Tupelo-based bank reported Thursday.
“BancorpSouth has operated effectively in a stressful economic environment that has continued to challenge the financial services industry,” chairman and CEO Aubrey Patterson said.
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May 19
Photo by Karen Pulfer Focht // Buy this photo
New urbanism calls for businesses — not their parking lots — to be at sidewalks, which encourages pedestrian traffic and a neighborhood feel. At Cafe Eclectic in Midtown, Kathy Barker and a friend take advantage of sidewalk seating for alfresco dining.
The list of things we can use to achieve a healthy weight includes the usual: fruits, vegetables, portion control, exercise.
Now to the list add streets, the kind that invite walking and biking.
Photo by Karen Pulfer Focht
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Patrons walk and bike to Cafe Eclectic from its surrounding Midtown neighborhood in an example of new urbanism principles at work.
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May 19
The U.S. Food and Drug Administration has cleared Smith & Nephew to market a 30-year artificial knee.
The Memphis Orthopaedics Division said Thursday its Verilast technology, when used on Legion brand knee replacement, achieved an 81 percent reduction in wear during a simulation of 30 years of physical activity. The FDA clearance enables the company to expand claims for a product previously touted as offering reduced wear.
“Physically active patients want to end their knee pain for good,” said Joseph M. DeVivo, president of Smith & Nephew Orthopaedics.
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May 19
Spence Wilson, president of Kemmons Wilson Inc. has received the Master Entrepreneur Award, which is given jointly by The Society of Entrepreneurs and Junior Achievement of Memphis.
Maggie Tews and Aimee Coccodrilli have joined Crye-Leike Realtors’ Quail Hollow corporate office. Tews is certified in short sales and foreclosures.
The following have been inducted into the Society of Entrepreneurs: Denise Burnett, Patrick Neely, William E. Orgel and Winston Wolfe.
Ed Brundick has joined Waddell and Associates as chief operating officer.
May 19
A nonprofit chain of five medical clinics serving Memphis’ poorest neighborhoods got a boost this week from the Memphis and Shelby County Industrial Development Board.
The board approved an inducement agreement to issue industrial revenue bonds so Christ Community Health Services can refinance at a lower interest rate on a $2.5 million construction loan.
The industrial board is expected to give final approval next month.
Christ Community will use the savings to keep establishing more clinics to meet a severe demand for medical care among the poor, clinic officials told the board.
The 14-year-old organization borrowed money to adapt a former drugstore for its administrative headquarters at 2595 Central, next to the Fairgrounds.
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