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What's Happening in Memphis

Parkway Properties reports loss, cuts dividend
Parkway Properties Inc. reported lower funds from operations and a net loss for the fourth quarter and full year 2009, and cut its annual dividend for common shareholders from $1.30 to 30 cents per share for the 2010 fiscal year. (PKY)

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Gas prices in Tennessee come down
Gas prices in Tennessee have dropped nearly 10 cents a gallon since the beginning of 2010, mirroring the average price per gallon in the U.S. which is also lower, according to AAA Auto Club South.

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Shopping Web site Groupon enters Memphis
Shopping Web site Groupon, which offers a daily deal on the local goods, services and cultural events, launched in Memphis today.

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TVA to lower residential utility bills
The Tennessee Valley Authority has announced a residential utility bill reduction between 50 cents and $1 starting this month.

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Dollar General says it will add 600 stores, hire 5,000
Dollar General plans to open 600 stores and hire 5,000 people over the next 12 months as it continues to thrive thanks to the recession that pounded a sense of thriftiness back into American consumers. (DG) (FRED)

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