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Business Coaching Models
By Kris Koonar
Any business is a growing enterprise, which may have internal and external factors hindering its success. There are times when workers lose interest or start performing poorly, thus having a direct impact on the progress of other team members and the company as a whole. Business coaching models are then introduced to study and understand this condition, and work towards improving the over all performance of the company.

There are two primary coaching models: the traditional model and the behavioral model.

Traditional coaching models

The traditional coaching model is said to be outdated and negative, and it mainly concentrates on how to do and how to do it better. A feeling of negativity is perceived because the main assumption according to this model is that there is something being done incorrectly. Due to this, the main goal is ignored, and it is hard to achieve the desired result.

This model is still being used even though there have been failures because of the coercion employed by the coach. This coercion not only discourages the members from performing well, but also proscribes the coach from attaining his or her goals.

Behavioral Coaching Model

In the modern age, business coaching takes an integral approach based on behavioral science. Coaching models are expected to include beliefs, values, personal development, attitude, motivational levels, emotions, and social learning, besides organizational dynamics and defenses.

The main components of behavioral coaching model are derived from the behavioral approach to change, and to learning. The job of the coach is to analyze the behavior in relation to the antecedents and the consequences before the change. This also means the building of a developmental plan using various behavioral change techniques.

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Cyanotech Corp. quarterly earnings soar to $1.1 million
<img src='http://assets.bizjournals.com/pacific/CyanotechNEWS3*100.jpg?v=1'>Cyanotech Corp.?s profit for its fiscal third quarter was more than 100 times the net income the Hawaii-based nutraceutical manufacturer reported the year before. Cyanotech (Nasdaq: CYAN), based in Kailua-Kona on Hawaii?s Big Island, reported on Thursday net income of $1.1 million, or 20 cents per diluted share, for the quarter that ended Dec. 31, 2011, compared to net income of $10,000, or $0.00 per diluted share, during the quarter that ended Dec. 31, 2010. The company reported revenue of $6...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=tWmrnGXWKZM:YvIiHYG9IXc:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=tWmrnGXWKZM:YvIiHYG9IXc:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=tWmrnGXWKZM:YvIiHYG9IXc:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=tWmrnGXWKZM:YvIiHYG9IXc:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=tWmrnGXWKZM:YvIiHYG9IXc:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=tWmrnGXWKZM:YvIiHYG9IXc:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=qj6IDK7rITs" border="0"></img></a> </div>
Hoku Corp. blames $10.6M quarterly loss on higher costs
<img src='http://assets.bizjournals.com/pacific/hokuNEWS*100.jpg?v=1'>Hoku Corp. reported a loss of $10.6 million, or 19 cents per share, for the quarter that ended Dec. 31, 2011, compared to a loss of $3 million, or 6 cents per share, for the same quarter in 2010. The Honolulu-based energy company blamed the higher loss in its fiscal third quarter on increased operating costs for the polysilicon plant it is building in Idaho and on expenses of $5.2 million from payments to Idaho Power Co. for the plant?s electricity service. Hoku (Nasdaq: HOKU) reported revenue for the quarter of $7...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=TYlIAZ8kHQw:oMFUcy-Q17s:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=TYlIAZ8kHQw:oMFUcy-Q17s:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=TYlIAZ8kHQw:oMFUcy-Q17s:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=TYlIAZ8kHQw:oMFUcy-Q17s:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=TYlIAZ8kHQw:oMFUcy-Q17s:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=TYlIAZ8kHQw:oMFUcy-Q17s:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=qj6IDK7rITs" border="0"></img></a> </div>
Pacifichem returning to Honolulu in 2015
<img src='http://assets.bizjournals.com/pacific/conventionctrFILE_NEWS*100.jpg?v=1'>The Hawaii Convention Center has secured the largest chemical conference in the Asia-Pacific region ? Pacifichem ? for a return to Honolulu in December 2015. The International Chemical Congress of Pacific Basin Societies, widely known as Pacifichem, has been held in Honolulu nearly every five years since its founding in 1984. At Pacifichem?s last Honolulu conference in December 2010, more than 12,500 attendees and a record 13,000 research papers were submitted from 72 countries. ?Hawaii has exceeded our expectations every year, and we are excited to bring Pacifichem back to Honolulu in 2015,? Nancy Todd, manager of American Chemical Society Meetings & Expositions Attendee Services & Contracts, said in a statement...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=h1BoKUDP6Tw:bYEomVrNMWM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=h1BoKUDP6Tw:bYEomVrNMWM:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=h1BoKUDP6Tw:bYEomVrNMWM:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=h1BoKUDP6Tw:bYEomVrNMWM:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=h1BoKUDP6Tw:bYEomVrNMWM:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=h1BoKUDP6Tw:bYEomVrNMWM:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=qj6IDK7rITs" border="0"></img></a> </div>
New car sales in Hawaii increase 4.4% in 2011
New car sales in Hawaii rose by 4.4 percent in 2011, and the Hawaii Automobile Dealers Association says that pent-up demand and growing consumer confidence could mean a 6.9 percent increase in sales for 2012. The Honolulu Star-Advertiser reports that according to the association's quarterly Hawaii Auto Outlook, there were 35,531 new cars and light trucks registered in Hawaii last year, compared to 34,019 registrations in 2010. The newspaper notes that the number is still nearly half the record 70,268 registrations in 2005, and that the 4...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=9C-k-4LNYeU:J-fmpLJEkcY:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=9C-k-4LNYeU:J-fmpLJEkcY:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=9C-k-4LNYeU:J-fmpLJEkcY:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=9C-k-4LNYeU:J-fmpLJEkcY:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=9C-k-4LNYeU:J-fmpLJEkcY:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=9C-k-4LNYeU:J-fmpLJEkcY:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=qj6IDK7rITs" border="0"></img></a> </div>
Kailua man pleads not guilty to federal fraud charges
A Kailua man has pleaded not guilty to federal fraud charges of stealing nearly $900,000 from people who thought they were investing in post-Hurricane Katrina real estate projects. The Honolulu Star-Advertiser reports Dan Doyle was told by a federal judge on Wednesday that he could remain free on a $100,000 signature bond pending trial on the 28 counts of fraud related to the investment scheme, which used AM radio shows in California to tout reconstruction projects in Mississippi. The newspaper reports that Doyle's attorney, Michael Green, said he expects to work out a plea agreement with the federal government within the next few months.<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=gyx-WbnH4tg:HnSZge5ErP8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=gyx-WbnH4tg:HnSZge5ErP8:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=gyx-WbnH4tg:HnSZge5ErP8:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=gyx-WbnH4tg:HnSZge5ErP8:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=gyx-WbnH4tg:HnSZge5ErP8:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=gyx-WbnH4tg:HnSZge5ErP8:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=qj6IDK7rITs" border="0"></img></a> </div>
Bill would require stricter inspections of Hawaii zip lines
A bill in the Hawaii Legislature would require stricter inspections of zip lines in the state, following a fatal accident on the Big Island last fall in which a tower collapsed, causing a test rider to fall 200 feet to his death. The Associated Press reports, via the Maui News, that the bill would require the state Department of Labor and Industrial Relations to conduct inspections for a $100 fee. However, the AP reports that the operator of Piholo Zipline on Maui said $100 is unrealistic and that inspections can cost $5,000 and be spread over several days...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=yQ99lb6ogkc:FWrv09calL0:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=yQ99lb6ogkc:FWrv09calL0:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=yQ99lb6ogkc:FWrv09calL0:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=yQ99lb6ogkc:FWrv09calL0:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=yQ99lb6ogkc:FWrv09calL0:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=yQ99lb6ogkc:FWrv09calL0:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=qj6IDK7rITs" border="0"></img></a> </div>
Honolulu cannot start work on rail guideways yet
The City and County of Honolulu cannot begin work on the 30-foot-wide concrete guideways for its rail transit system, despite getting the OK from the federal government to spend nearly $185 million on construction of the foundations and support columns for the system. The Honolulu Star-Advertiser reports that city officials say the $21.8 million work to make the guideways at a precast yard was excluded from the Federal Transit Administration because the city has yet to finalize a site for the precast yard.<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=oCqsMS7mkFg:GgMirYPrydo:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=oCqsMS7mkFg:GgMirYPrydo:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=oCqsMS7mkFg:GgMirYPrydo:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=oCqsMS7mkFg:GgMirYPrydo:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=oCqsMS7mkFg:GgMirYPrydo:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=oCqsMS7mkFg:GgMirYPrydo:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=qj6IDK7rITs" border="0"></img></a> </div>
Big Island to receive $1.1M in federal funds for Kailua Pier
Hawaii County will receive nearly $1.1 million from the Federal Emergency Management Agency to help pay for repairs to the Kailua Pier, which was damaged by the March 11 tsunami nearly a year ago. West Hawaii Today reports the funds will reimburse the state Department of Land and Natural Resources for the work, which includes paving, re-facing embankments and restoring 3,650 square yards of four-inch thick concrete pavement and will be done in stages to minimize shut-downs of the pier.<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=JCQ4GkgYnSk:fsV0RZID9Y0:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=JCQ4GkgYnSk:fsV0RZID9Y0:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=JCQ4GkgYnSk:fsV0RZID9Y0:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=JCQ4GkgYnSk:fsV0RZID9Y0:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=JCQ4GkgYnSk:fsV0RZID9Y0:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=JCQ4GkgYnSk:fsV0RZID9Y0:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=qj6IDK7rITs" border="0"></img></a> </div>
KTA's Taniguchi to travel to Japan with delegation program
Barry Taniguchi, president of KTA Super Stores on the Big Island, will travel to Japan next month with the Japanese American Leadership Delegation Program. West Hawaii Today reports Taniguchi, who is also chairman-elect of the Chamber of Commerce of Hawaii's board of directors, will be one of 12 delegates to travel to Sendai, in the Tohoku region, which was affected by the March 11 earthquake and tsunami.<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=QJM6d1KyjP0:S2mL-KpQZ-k:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=QJM6d1KyjP0:S2mL-KpQZ-k:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=QJM6d1KyjP0:S2mL-KpQZ-k:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=QJM6d1KyjP0:S2mL-KpQZ-k:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=QJM6d1KyjP0:S2mL-KpQZ-k:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=QJM6d1KyjP0:S2mL-KpQZ-k:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=qj6IDK7rITs" border="0"></img></a> </div>
Hawaiian Electric Industries earns $138.2M in 2011, up 22%
Hawaiian Electric Industries Inc. on Wednesday reported a profit of $138.2 million, or $1.21 per diluted share, for 2011, a 22 percent increase from net income of $113.5 million, or $1.21 per diluted share, in 2010. Hawaiian Electric Industries (NYSE: HE) ? parent company of Hawaiian Electric Co., Maui Electric Co., Hawaii Electric Light Co. and American Savings Bank ? also reported a fourth-quarter profit of $34.2 million, or 36 cents per diluted share, compared to $24.7 million, or 26 cents per diluted share, for the same quarter in 2010...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=4v1_JH_DVXk:KWnOMCVaCuU:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=4v1_JH_DVXk:KWnOMCVaCuU:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=4v1_JH_DVXk:KWnOMCVaCuU:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=4v1_JH_DVXk:KWnOMCVaCuU:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?i=4v1_JH_DVXk:KWnOMCVaCuU:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_pacific?a=4v1_JH_DVXk:KWnOMCVaCuU:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_pacific?d=qj6IDK7rITs" border="0"></img></a> </div>


model needs to have aspects of both the behavioral approach and the traditional approach, for sustainable learning to take place.

Coaching models should be appropriate to the given circumstances, depending on particular problems and requirements, as no model can fit all coaching situations. In addition, they need to address behavioral choices like knowledge, attitude, and prior convictions.

Following are the four commonly used coaching models

Stages of change / transtheoretical model

According to this model, targeted interventions should be placed decisively within the ongoing context of the present cyclical process for the change to be successful. It identifies five discrete stages; namely, pre contemplation, contemplation, preparation, action and maintenance.

Social cognitive theory/social learning theory

Based mostly on psychological aspects, this theory gives emphasis on the behavior of the individual. According to it, human behavior is determined by three factors: dynamic, reciprocal interaction of personal factors, and behavior and the environment.

Theory of reasoned action / theory of planned behavior

The main purpose of this theory is to predict and understand motivational influences on behavior that is not under the control of the individual. It also works to identify the target strategies for changing behavior.

Solution focused theory

Also known as the competency based theory, the philosophical approach of this model is to collect and discuss non-problematic data to solve a problem. It is sometimes combined with student assistance programs (SAP) to improve student performance.

Professional coaches need to identify two component platforms, i.e., process construct and the core behavioral or learning change construct, before selecting a coaching model. Process construct uses a validated, psychologically robust definitive model, which has been proven in the real world workplace. On the other hand, the core behavioral construct, which differs from the traditional approach, identifies the core behavioral aspects that control the result.

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MAA sells apartment property for $7.25 million
MAA is enacting part of its current disposition plan with the sale of a Memphis apartment community. Orlando, Fla.-based Cedar Mill LLC purchased Cedar Mill Apartments in Southeast Memphis from Mid-America Apartments LP for $7.25 million. Built in two phases in 1974 and 1986, the 276-unit apartment complex at 3505 S. Mendenhall sits on 13.9 acres, according to the Shelby County Assessor of Property website. Mid-America Apartments LP is affiliated with Mid-America Apartment Communities Inc., currently branded as MAA...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=C4AaOe3r4Ag:7xVn2qruqqI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=C4AaOe3r4Ag:7xVn2qruqqI:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=C4AaOe3r4Ag:7xVn2qruqqI:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=C4AaOe3r4Ag:7xVn2qruqqI:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=C4AaOe3r4Ag:7xVn2qruqqI:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=C4AaOe3r4Ag:7xVn2qruqqI:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=qj6IDK7rITs" border="0"></img></a> </div>
Dunavant Logistics earns security certification
Dunavant Global Logistics Group LLC has gained a security certification that could help it move products faster for customers. The Memphis-based global logistics firm has been certified as a member of the U.S. Customs-Trade Partnership Against Terrorism (C-TPAT) program. The certification is primarily held by larger companies that have significant focus on global logistics. U.S. Customs and Border Protection established the program in 2003 to build cooperation with industries which strengthen supply chain and border security...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=LF5D_OiWWcc:WmWwSds483M:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=LF5D_OiWWcc:WmWwSds483M:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=LF5D_OiWWcc:WmWwSds483M:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=LF5D_OiWWcc:WmWwSds483M:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=LF5D_OiWWcc:WmWwSds483M:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=LF5D_OiWWcc:WmWwSds483M:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=qj6IDK7rITs" border="0"></img></a> </div>
Postal Service lost $3.3 billion in first quarter
<img src='http://assets.bizjournals.com/phoenix/morning_call/PostalServiceWeb*100.jpg?v=1'>Strong holiday shipping was not enough to offset a continued decline in First-Class Mail, leading to a $3.3 billion quarterly loss for he United States Postal Service, compared to a loss of $290 million in the same quarter a year earlier. The Postal Service?s shipping business was up 7 percent from a year ago last quarter, its fiscal first quarter. Shipping accounted for 17 percent of its total revenue. First-Class Mail revenue fell 4.1 percent. First-Class Mail revenue has declined 15 percent and volume down 25 percent since 006...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=ov4xx_9oEys:cNWankdOXMw:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=ov4xx_9oEys:cNWankdOXMw:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=ov4xx_9oEys:cNWankdOXMw:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=ov4xx_9oEys:cNWankdOXMw:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=ov4xx_9oEys:cNWankdOXMw:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=ov4xx_9oEys:cNWankdOXMw:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=qj6IDK7rITs" border="0"></img></a> </div>
Memphis awaits impact of mortgage settlement
<img src='http://assets.bizjournals.com/austin/blog/real-estate/foreclosurehouse*100.jpg?v=1'>Now that the federal government and states have hammered out a historic settlement with mortgage servicers, the bigger question will be the exact impact at the local level in cities hardest hit, like Memphis. In the immediate, the general consensus is that even the largest federal-state settlement in history of $26 billion ? with an expected $146 million coming to Tennessee ? isn?t enough to stem the tide of massive foreclosures. Corky Neale, director of research for RISE Foundation, a consumer financial education group, said the potential impact of the dollars will affect about 10 percent ? 1...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=PxMiEct-o3Y:e3hamdpfxqQ:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=PxMiEct-o3Y:e3hamdpfxqQ:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=PxMiEct-o3Y:e3hamdpfxqQ:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=PxMiEct-o3Y:e3hamdpfxqQ:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=PxMiEct-o3Y:e3hamdpfxqQ:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=PxMiEct-o3Y:e3hamdpfxqQ:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=qj6IDK7rITs" border="0"></img></a> </div>
Memphis industrial portfolio sells for $23.6 million
<img src='http://assets.bizjournals.com/memphis/news/kansas%20city%20life%20portfolio*100.jpg?v=1'>AREA Properties Partners has purchased four Memphis industrial buildings totaling 834,708 square feet for $23.6 million. Kansas City Life Insurance Co. sold the portfolio and was represented by Cushman & Wakefield?s Southeast Capital Markets Group in cooperation with Cushman & Wakefield Commercial Advisors in Memphis. The buildings include Southpark H at 4650 Quality Drive, Southpark G at 4481 Pleasant Hill, Memphis Distribution D at 4100 Quest Way, and Memphis International Airport Center at 3363 MIAC Cove...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=b2aEOciq3Y0:F3y7yppP6cw:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=b2aEOciq3Y0:F3y7yppP6cw:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=b2aEOciq3Y0:F3y7yppP6cw:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=b2aEOciq3Y0:F3y7yppP6cw:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=b2aEOciq3Y0:F3y7yppP6cw:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=b2aEOciq3Y0:F3y7yppP6cw:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=qj6IDK7rITs" border="0"></img></a> </div>
Tennessee to get $146M in mortgage relief from big banks
<img src='http://assets.bizjournals.com/nashville/news/housinghelpweb*100.jpg?v=1'>Tennessee?s piece of a landmark mortgage settlement will likely be about $146 million in what officials say will be a sweeping change in practices and a dose of relief to struggling homeowners. In a $26 billion deal that includes states? attorneys general across the country, major mortgage providers ? Bank of America, Wells Fargo & Co., JP Morgan Chase & Co., Citigroup and Ally Financial ? have agreed to provide money for loan modifications and other changes, direct relief to wronged homeowners and funding for housing programs, authorities said...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=J6bIInXnaAs:KV9x7jdCIe4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=J6bIInXnaAs:KV9x7jdCIe4:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=J6bIInXnaAs:KV9x7jdCIe4:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=J6bIInXnaAs:KV9x7jdCIe4:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=J6bIInXnaAs:KV9x7jdCIe4:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=J6bIInXnaAs:KV9x7jdCIe4:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=qj6IDK7rITs" border="0"></img></a> </div>
Daniel Tosh?s 2012 tour to stop in Memphis
Tosh Tour Twenty Twelve will hit the Orpheum Theater in Memphis on April 8. Comedian Daniel Tosh, known for his Comedy Central show Tosh.0, will begin his tour April 5 in Austin, Texas, and perform in at least 17 cities, including Memphis. It will be the comedian?s second stand-up tour produced by Comedy Central. In 2010, Tosh Tour Twenty Ten included more than 75 performances, sold 250,000 tickets sold and produced $10 million in box office revenue. Tickets for the Memphis show go on sale Friday at 10 a...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=n6bLretEuqU:aczdcfRknyk:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=n6bLretEuqU:aczdcfRknyk:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=n6bLretEuqU:aczdcfRknyk:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=n6bLretEuqU:aczdcfRknyk:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=n6bLretEuqU:aczdcfRknyk:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=n6bLretEuqU:aczdcfRknyk:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=qj6IDK7rITs" border="0"></img></a> </div>
Grizzlies owner Heisley bidding on Dodgers
Michael Heisley, the Chicago billionaire businessman who owns the Memphis Grizzlies, has been revealed as one of the bidders on the Los Angeles Dodgers, according to a report in the Los Angeles Times. Heisley leads one of 11 bids that is still in the running to buy the Major League Baseball team. The report also says if Heisley were to buy the team, Jerry West would probably join in some capacity. West, a former Los Angeles Laker and NBA legend, previously worked for Heisley as general manager of the Grizzlies.<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=oBlb2MDznJs:IdmIvEZwjtQ:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=oBlb2MDznJs:IdmIvEZwjtQ:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=oBlb2MDznJs:IdmIvEZwjtQ:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=oBlb2MDznJs:IdmIvEZwjtQ:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=oBlb2MDznJs:IdmIvEZwjtQ:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=oBlb2MDznJs:IdmIvEZwjtQ:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=qj6IDK7rITs" border="0"></img></a> </div>
Memphis files 86 lawsuits against property owners
The city of Memphis is fighting blight and for the second time filed a large batch of lawsuits against the owners of neglected property. The Commercial Appeal reports Mayor A C Wharton and Shelby County District Attorney General Amy Weirich announced the filing of 86 lawsuits and 11 nuisance petitions. Wharton launched a similar assault against blight in 2010, when the city filed 138 lawsuits against property owners. About two-third of those properties have since been rehabbed or demolished, according to Wharton...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=xgYwdDRKgGQ:K7Ys-7xHWns:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=xgYwdDRKgGQ:K7Ys-7xHWns:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=xgYwdDRKgGQ:K7Ys-7xHWns:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=xgYwdDRKgGQ:K7Ys-7xHWns:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=xgYwdDRKgGQ:K7Ys-7xHWns:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=xgYwdDRKgGQ:K7Ys-7xHWns:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=qj6IDK7rITs" border="0"></img></a> </div>
Bank settlement to net $26B for homeowners
More than 2 million Americans could benefit from at least $26 billion in relief from the nation?s biggest banks as part of a broad government settlement set to be announced on Thursday, The New York Times reports. The aid will help a relatively small portion of borrowers who are delinquent and facing foreclosure, The Times reports. The success could depend in part on how effectively the program is put into effect because earlier efforts by Washington to help troubled borrowers aided fewer than expected...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=4Z--61aiE6U:AkoDL2JDah4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=4Z--61aiE6U:AkoDL2JDah4:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=4Z--61aiE6U:AkoDL2JDah4:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=4Z--61aiE6U:AkoDL2JDah4:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=4Z--61aiE6U:AkoDL2JDah4:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=4Z--61aiE6U:AkoDL2JDah4:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=qj6IDK7rITs" border="0"></img></a> </div>