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Editorial Results (free)

1. Forum Connects Minority Businesses, Econ Opportunities -

This week’s Economic Development Forum is an opportunity for minority and women-owned businesses to connect to opportunities in the Memphis area.

In its eighth year, the forum is presented by the Mid-South Minority Business Council Continuum and runs Tuesday, Aug. 25 through Thursday, Aug. 27. Some 6,000 to 7,000 attendees are expected over the three-day event held at the Memphis Cook Convention Center, said Luke Yancy III, president and CEO of the Mid-South Minority Business Council Continuum.

2. Las Tortugas Deli Mexicana Adding Second Location, Plans for More -

Las Tortugas Deli Mexicana founder Jose "Pepe" Magallanes says customers have been asking for years that the restaurant he opened in 2003 add more locations to complement its existing Germantown-area presence.

3. Civil Rights Museum Names 2015 Freedom Awards Recipients -

Ava DuVernay, the director of the movie “Selma,” Freedom Rider Joan Trumpauer Mulholland and Ruby Bridges-Hall, who as a 6-year-old integrated schools in New Orleans, are the recipients of the 2015 National Civil Rights Museum Freedom Awards.

4. Wharton Opens Whitehaven Headquarters as Collins Intensifies Challenge -

On the broiling parking lot of his Whitehaven campaign headquarters this weekend, Memphis Mayor A C Wharton Jr. talked about “still water” after firing up a crowd of 150 supporters in a tent next to Elvis Presley Boulevard.

5. Earnings Season Roundup -

International Paper Reports Q2 Earnings Growth: International Paper reports its second-quarter net earnings grew while net sales for the quarter decreased slightly.

The Memphis-based company, which released its quarterly financial results Wednesday, July 29, said second-quarter earnings totaled $227 million, or 54 cents per share. That’s up from $161 million, or 37 cents per share, in second quarter 2014, but down from $313 million, or 74 cents per share, in first quarter 2015.

6. International Paper Reports Second-Quarter Earnings Growth -

International Paper reports its second-quarter net earnings grew while net sales for the quarter decreased slightly.

The Memphis-based company, which released its quarterly financial results Wednesday, July 29, said second-quarter net earnings totaled $227 million, or 54 cents per share. That’s up from $161 million, or 37 cents per share, in second quarter 2014, but down from $313 million, or 74 cents per share, in first quarter 2015.

7. Dunavant Bulks Up in Memphis, Texas -

Richard McDuffie was busy working in his East Memphis office when a company representative delivered the news.

8. Editorial: Creatives Prove Memphis’ Cool Factor is Heating Up -

“If you have the vision, and the gumption, you can create something original in Memphis.”

The Memphis News cover story this week features four distinct entrepreneurs who are living, working and creating in Memphis. The aforementioned quote comes from Ben Fant, principal at local marketing firm Farmhouse. He is just one member of the city’s creative class, one guy trying to make something lasting for himself, his employees and his city.

9. MPLOYment Opportunities -

John Hickman has been consumed lately by the Memphis Brooks Museum of Art’s upcoming centennial celebration. Parties need to be planned. Showings and displays must be coordinated. Marketing must be launched. And the facility must look great.

10. CBU's 'New Vision’ -

As Kenrick Hall on the campus of Christian Brothers University has been prepped for demolition, leaders of the university have been preparing for what follows when the 1940s-era classroom building is gone.

11. Events -

National Black MBA Association, Memphis chapter will host an entrepreneur session Thursday, June 18, from 6:10 p.m. to 7:25 p.m. at International Paper headquarters, tower 3, 6420 Poplar Ave. The Service Corps of Retired Executives (SCORE) will discuss basics of entrepreneurship and successful business ownership. Guests welcome. Visit nbmbaamemphis.org.

12. Events -

Luna Nova Ensemble will present the ninth annual Belvedere Chamber Music Festival Wednesday, June 17, through Saturday, June 20. Evening concerts are at 7:30 p.m. each night at Grace-St. Luke’s Episcopal Church, 1750 Peabody Ave. Afternoon concerts are Friday and Saturday at 3:30 p.m. at the Beethoven Club, 263 S. McLean Blvd. Admission is free. Visit lunanova.org.

13. Events -

Memphis Blues Society and Overton Square will host a Bluesday Tuesday concert featuring Darren Jay Fallas with guest Papa Don McMinn Tuesday, June 16, from 6:30 p.m. to 9:30 p.m. in the Tower Courtyard, 2101 Madison Ave. Cost is free. Visit overtonsquare.com.

14. FedEx Tops for Brand Value in Tennessee -

FedEx Corp. is the nation’s 39th most valuable brand and the highest in Tennessee, according to new data from Brand Finance.

15. FedEx Tops for Brand Value in Tennessee -

FedEx Corp. is the nation’s 39th most valuable brand and the highest in Tennessee, according to new data from Brand Finance.

16. Next Up for Wal-Mart Pay Raises: Department Managers -

NEW YORK (AP) – Wal-Mart is raising starting wages for more than 100,000 U.S. department managers and workers in its deli and other specialized departments.

The moves mark the next wave of pay raises by the nation's largest private employer, which has been under pressure from labor-backed groups for the treatment of its workers. In February, it announced it was increasing minimum wages for entry-level and long-term hourly employees to at least $10 an hour by next February. That increase affected 500,000 of its 1.3 million U.S. workers.

17. Snapshot: Memphis-Based Public Companies -

Here's a look at what's going on at the dozen public companies headquartered in Memphis:

AutoZone Inc.

AutoZone Inc. is one of the largest auto parts retailers and distributors in the U.S., with a store count of 5,476 as of Feb. 14. Since 1998, the company has repurchased $15.7 billion worth of its own shares. At the end of March, AutoZone continued its share buyback program with the authorization to buy back another $750 million in company stock. The company followed that news with plans to pursue a $650 million debt offering to be used for “general corporate purposes.” – Andy Meek

18. Stock-Buyback Programs Hit Record Pace -

If this was a poker game, it could be said that American companies are doubling down – repurchasing their own stock at a record pace instead of betting on new, outside investments.

TrimTabs Investment Research calculated that companies had announced plans to buy back $133 billion of their own stock in April. That was a new monthly high.

19. Polish Ambassador Says Broader Europe Concept Challenged -

When Poland’s ambassador to the United States spoke to a Memphis in May International Festival luncheon last week, U.S. Rep. Steve Cohen came with an item from his collection of political pins.

20. International Paper Reports ‘Solid’ First Quarter -

International Paper Co. reported net earnings of $313 million for the first quarter of 2015.

The earnings, which come to 74 cents a share, compare to $134 million in the last quarter of 2014 and a net loss of $95 million in the year-ago quarter.

21. Office, Industrial Real Estate Rebounds in First Quarter -

In a sure sign that the local economy is in rebound mode, the Memphis-area commercial real estate market is heating up with the industrial and office sectors producing strong gains.

Fueled by strong demand and tightening of available space, rental rates for Class A space in East Memphis, the city’s primary business district, are approaching pre-recession levels, according to a new report.

22. Going Green -

On a recent Friday afternoon, Hnedak Bobo Group team members were huddled in the company’s basement at 104 S. Front St.

23. Job Search -

On Sunday, about 1,400 Memphians seeking jobs and internships flocked to the Hilton Memphis for the 2nd annual Multicultural Career Expo. They met with human resources professionals from 50 local companies that are seeking a diverse roster of candidates.

24. Pinnacle Awards Honor Commercial Real Estate Standouts -

The local commercial real estate community gathered at the Memphis Botanic Garden Thursday, April 9, for the 14th annual Pinnacle Awards. Every year, the Memphis Area Association of Realtors Commercial Council honors its members based on their transactional volume, merit and community activity.

25. Free Legal Clinic Saturday at Memphis Library -

The Memphis Bar Association and Memphis Area Legal Services are hosting a free legal clinic Saturday, April 11.

Attorneys will be present to offer legal advice in various areas. The public is invited but those wanting advice will be required to fill out an application.

26. International Paper Sells Carolina Brand -

Memphis-based International Paper Co. is selling its Carolina brand printing paper business to MeadWestvaco Corp. as it converts the Riegelwood, N.C., mill that makes the Carolina products.

27. Five of the Nation’s Finest -

Each year the U.S. Chamber of Commerce recognizes the contribution of small business to the national economy with the Blue Ribbon Small Business Awards. Five from Knoxville’s business community – The Tomato Head, Management Solutions LLC, Design Innovation Architects Inc., Visionary Solutions LLC and AMS Corp. – have been chosen for inclusion in the annual program.

28. International Paper Sells Carolina Brand -

Memphis-based International Paper Co. is selling its Carolina brand printing paper business to MeadWestvaco Corp. as it converts the Riegelwood, N.C., mill that makes the Carolina products.

29. 'The Wizard of Oz' Coming to Collierville’s Harrell Theatre -

From April 17-27, The Harrell Theatre in Collierville will be home to a stage production of “The Wizard of Oz.”

Join Scarecrow, Cowardly Lion and Tin Man as they travel to the Land of Oz and meet the munchkins, witches and the Wizard himself.

30. The Business Case for Sustainability -

Editor’s Note: This column will appear Tuesdays throughout April in honor of Memphis and Shelby County’s Sustainability Month.

As businesses, industry, and manufacturers vie for a piece of the ever-shrinking pie, they turn toward sustainability during procurement. Companies are looking hard at their supply bases to ensure suppliers reflect their values. They ask: “From whom are we buying, and why does it matter?” “What are we buying, and why does that matter?” Companies want to know how and where suppliers present risks – environmentally, socially, economically. This new focus on supply quality helps companies focus on choosing suppliers who can be relied upon to improve the supply base’s overall performance.

31. Grizzlies Players Hosting Read to Achieve Event Thursday -

The Memphis Grizzlies are will host the 2015 Read to Achieve Celebration on Thursday, March 26, from 10:30 a.m. to 11:30 a.m. at FedExForum.

Grizzlies players Courtney Lee, Nick Calathes, Jordan Adams and JaMychal Green – along with representatives from event sponsors International Paper, Southern College of Optometry and KPMG – will be on hand to reward 3,000 elementary students who successfully completed the 2015 Memphis Grizzlies Reading Challenge. Students taking part in the annual celebration read at least six books in six weeks.

32. Grizzlies Go Green With Environmental Events -

The Seventh Annual NBA Green Week is March 22-29 and Memphis Grizzlies players, staff and volunteers will play their part in the league-wide initiative to shed light on a brighter, greener future for the Memphis community.

33. EDGE Developing Guidelines for Destination Retail Incentives -

When Swedish furniture retail giant Ikea announced it wanted to build one of its destination retail centers in Memphis, the company was greeted with open arms.

Mayor A C Wharton Jr. even held a City Hall press conference to announce the news in December.

34. Grizzlies Go Green With Slate of Environmental Events -

The Seventh Annual NBA Green Week is March 22-29 and Memphis Grizzlies players, staff and volunteers will play their part in the league-wide initiative to shed light on a brighter, greener future for the Memphis community.

35. Helping Hand -

If you know a teacher, then you know he or she spends countless hours encouraging young minds.

You also know the often-underpaid public servants spend personal money to provide school supplies and even uniforms for students.

36. Wave of New Retail Construction Boosts Contractors -

Retail development in the Memphis area is booming in what construction and retail officials describe as the most active period for retail construction since the recession, with everything from a massive outlet mall in Southaven to grocery stores and smaller, traditional retail centers going up.

37. Fogelman Company Launching Retail Center in East Memphis -

6544 Poplar Ave.
Memphis, TN 38118

Permit Amount: $3.2 million

Permit Application Date: February, 2015

38. Fogelman Moves Forward with Poplar Retail Center -

A company affiliated with Robert F. Fogelman II is moving forward with plans to build a new retail center on a key piece of land in the heart of East Memphis.

Crown Centre LLC has applied for a $3.2 million building permit to build the “shell” of a 29,000-square-foot, single-story retail building on the site of the old Cozymel’s Mexican Grill site at 6544 Poplar Ave., near International Paper’s campus in East Memphis.

39. Fogelman Moves Forward With Poplar Retail Center -

A company affiliated with Robert F. Fogelman II is moving forward with plans to build a new retail center on a key piece of land in the heart of East Memphis.

Crown Centre LLC has applied for a $3.2 million building permit to build the “shell” of a 29,000-square-foot, single-story retail building on the site of the old Cozymel’s Mexican Grill site at 6544 Poplar Ave., near International Paper’s campus in East Memphis.

40. Plans for Retail Center on Former Cozymel's Site Move Ahead -

A company affiliated with Robert F. Fogelman II is moving forward with plans to build a new retail center on a key piece of land in the heart of East Memphis.

Crown Centre LLC has applied for a $3.2 million building permit to build the “shell” of a 29,000-square-foot, single-story retail building on the site of the old Cozymel’s Mexican Grill site at 6544 Poplar Ave., near International Paper’s campus in East Memphis.

41. Fogelman Moving Forward With East Memphis Retail Center -

A company affiliated with Robert F. Fogelman II is moving forward with plans to build a new retail center on a key piece of land in the heart of East Memphis.

Crown Centre LLC has applied for a $3.2 million building permit to build the “shell” of a 29,000-square-foot, single-story retail building on the site of the old Cozymel’s Mexican Grill site at 6544 Poplar Ave., near International Paper’s campus in East Memphis.

42. Events -

Mid-South Area Business Travel Association will meet Thursday, Feb. 5, from 8 a.m. to 10 a.m. at Courtyard Memphis-Collierville, 4640 Merchants Park Circle. Phil Hammer, director of travel services for Runzheimer International, will present “Key Trends in Business Travel Costs.” Tickets are $25 for members and $40 for nonmembers. Visit msabta.org.

43. Events -

Memphis Library Foundation will hold a groundbreaking ceremony for the teen learning lab Wednesday, Feb. 4, at 11 a.m. at its future site in the Benjamin L. Hooks Central Library, 3030 Poplar Ave. The name for the lab will be announced at the ceremony. Visit memphislibraryfoundation.org.

44. Events -

National Black MBA Association, Memphis chapter will host its 2015 kickoff meeting, “Reaching Your Financial Goals: How Fit is Your Plan?” Thursday, Jan. 22, from 6 p.m. to 7:15 p.m. at International Paper headquarters, Tower 3, 6400 Poplar Ave. The guest speaker is Roland Cole, financial adviser with Duncan-Williams’ Private Client Group. Visit nbmbaamemphis.org.

45. Events -

The Association for Women Attorneys will host its 35th annual banquet and silent auction Thursday, Jan. 29, at 5:30 p.m. at the Holiday Inn University of Memphis, 3700 Central Ave. Cost is $60 for AWA members, $70 for nonmembers and $40 for law students. RSVP to Keating Lowery at keatingl@lawrencerussell.com or 901-844-4438 by Wednesday, Jan. 21.

46. Walter Awarded AAF Silver Medal -

Ronald A. Walter, president and general manager of WREG-TV, has been chosen to receive AAF Memphis’ 2015 Silver Medal, the highest form of individual recognition given by local chapters of the American Advertising Federation. The annual award, which honors an exceptional leader for a career of outstanding accomplishment and contribution in the industry, will be presented at AAF Memphis’ luncheon Jan. 29 at 11:30 a.m. at Memphis Botanic Garden.

47. Commission Approves New County Fire Trucks -

The Shelby County Commission voted Monday, Jan. 12, to approve $2 million in funding to buy three custom fire engine pumpers and a rescue truck from Ferrara Fire Apparatus Inc. for the Shelby County Fire Department.

48. County Commission Endorses Haslam's Medicaid Expansion Plan -

Shelby County Commissioners, including some vocal Republican opponents of the Affordable Care Act in general, are calling on the Tennessee Legislature to approve Tennessee Gov. Bill Haslam’s Insure Tennessee Medicaid expansion plan.

49. Strings Come With Fairgrounds Zone -

Shelby County Commissioners could take up an endorsement Monday, Jan. 12, of the city’s proposed Tourism Development Zone for redevelopment of the Mid-South Fairgrounds.

But at this point, the backing has a lot of strings attached. And those strings involve two issues related to local schools funding.

50. Batts Joins HealthChoice as Complex Care Manager -

Kenneth Batts has joined HealthChoice’s new Population Health team as complex care manager. In his new role, Batts will reach out to patients identified with complex medical needs to schedule home visits, where he’ll provide customized intervention and condition education, including goal setting, care coordination, and long-term support with the goal to achieve improvements in their health.

51. Final Mothballing Underway at Verso Mill in Maine -

PORTLAND, Maine (AP) – A handful of employees at the shuttered Bucksport paper mill will likely remain as caretakers until a metal recycling company takes over the property, the owners said.

52. Memphis Brand Enjoys Banner 2014 -

That thing that might best be described as the Memphis brand has enjoyed something of a banner year in 2014.

Businesses and entrepreneurs like Paper & Clay, Muddy’s Bake Shop and chocolatier Phillip Ashley Rix found themselves in the spotlight at various times in the past 12 months thanks to national media attention. The National Association of Food Journalists held its annual conference in Memphis. The city won plaudits for its bike lanes and its affordability.

53. Fogelman Affiliate Files Loan on Former Cozymel’s Site -

6450 Poplar Ave.
Memphis, TN 38119
Loan Amount: $6.1 million

Loan Date: Dec. 17, 2014
Maturity Date: Jan. 1, 2023
Borrower: Crown Centre LLC
Lender: Financial Federal Bank
Details: A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis land.

54. Owner Files $6.1M Loan on Former Cozymel’s Site -

A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis property.

Crown Centre LLC filed a $6.1 million loan with Financial Federal Bank for the old Cozymel’s Mexican Grill location at 6450 Poplar Ave. near International Paper’s campus in East Memphis, according to a Dec. 17 deed of trust.

55. Owner Files $6.1 Million Loan on Former Cozymel's Site -

A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis property.

Crown Centre LLC filed a $6.1 million loan with Financial Federal Bank for the old Cozymel’s Mexican Grill location at 6450 Poplar Ave. near International Paper’s campus in East Memphis, according to a Dec. 17 deed of trust.

56. Counterpart Experiences Big 2014 -

2014 was a particularly consequential year for Counterpart Communication Design. The marketing communications firm with offices in Memphis and Dallas grew its staff by almost 40 percent this year, for example, in addition to reimagining its creative department and adding a Web analysis team to meet constantly evolving digital needs.

57. Wharton Defends Local Tax Incentives, Searches for New Methods to Compete -

Memphis Mayor A C Wharton Jr. is pursuing a new economic development strategy that would allow those parts of Tennessee bordering other states to mirror or match the incentives on the other side of the state line.

58. City Council Approves Pension Changes -

Memphis City Council members put to rest Tuesday, Dec. 16, at least the City Hall portion of the debate about city employee benefits and the liability of those benefits by approving changes to the city’s pension plan.

59. IP Honored for Effort to Fight Multiple Sclerosis -

Memphis-based International Paper was recently inducted as a Circle of Distinction member at the National Multiple Sclerosis Society’s Leadership Conference in Fort Worth, Texas.

The company was recognized for the impact it has made as part of the MS movement, having cumulatively raised $1 million or more to help create an MS-free world.

60. Obama Promotes Trade, Tax Fix, Innovation -

WASHINGTON (AP) – President Barack Obama on Thursday declared himself "much more optimistic" than he was last year about completing a major trade deal with Pacific Rim countries.

At the same time, the president acknowledged to executives on his advisory export council that a tough sales job will be necessary on a commerce issue certain to put him at odds with fellow Democrats during the last two years of his presidency.

61. International Paper Honored for Effort to Fight Multiple Sclerosis -

Memphis-based International Paper was recently inducted as a Circle of Distinction member at the National Multiple Sclerosis Society’s Leadership Conference in Fort Worth, Texas.

The company was recognized for the impact it has made as part of the MS movement, having cumulatively raised $1 million or more to help create an MS-free world.

62. MassMutual Sponsors New JA BizTown Shop -

Junior Achievement of Memphis and the Mid-South Inc. has announced MassMutual Life Insurance Co. as its newest shop sponsor for JA BizTown.

63. Deck the Halls -

It was early Tuesday, a little more than 48 hours before Overton Square was set to throw a major holiday celebration complete with a tree-lighting ceremony, school choirs and dozens of participating tenants.

64. MassMutual Sponsors New JA BizTown Shop -

Junior Achievement of Memphis and the Mid-South Inc. has announced MassMutual Life Insurance Co. as its newest shop sponsor for JA BizTown.

65. Hillwood to Launch Two Spec Buildings in DeSoto County -

A Texas-based development firm will start turning dirt soon on a massive new business park in DeSoto County.

Hillwood Investment Properties is expected to begin site work in around 30 days on Legacy Park, a 266-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

66. Southaven Rises on Memphis’ Tide -

While our country's economy seems to be making a turn in the right direction, cost of living remains one of the top reasons that individuals and families choose to live where they do.

Recently, data from the Missouri Economic Research and Information Center and other resources, pulled from the first quarter in 2014, showed that the Mid-South ranked as the most affordable place to live, with Mississippi at No. 1 and Tennessee at No. 2.

67. Entrepreneur Spirit Drives Owners of The Attic -

She was young and had a nice corporate career going straight out of school. So a lot of people would have traded places with Alexandra Nicole, who spent six years as a sales rep at International Paper.

68. International Paper Posts Third-Quarter Profit -

Memphis-based International Paper reported third-quarter net earnings of $355 million, $27 million less than the quarter a year ago but $194 million more than the second quarter of 2014.

In the Tuesday, Nov. 4, earnings report, International Paper executives also reported net sales for the quarter of $6.1 billion compared to $6 billion a year ago and $5.9 billion in the previous quarter.

69. International Paper Posts Third-Quarter Profit -

Memphis-based International Paper reported third-quarter net earnings of $355 million, $27 million less than the quarter a year ago but $194 million more than the second quarter of 2014.

In the Tuesday, Nov. 4, earnings report, International Paper executives also reported net sales for the quarter of $6.1 billion compared to $6 billion a year ago and $5.9 billion in the previous quarter.

70. RISE Foundation Adds New Board Members -

The RISE Foundation, a nonprofit that uses financial literacy to help improve the lives of low-income Memphis residents, has added five new members to its board of directors.

The new members are Crystal Oliver, managing director in human resources at FedEx; Jerry Corless, managing partner at MidSouth Financial Group/MassMutual; Brian Woods, finance director at Nike; Paul Blanchard, vice president, supply chain, industrial packaging at International Paper; and Teresa Morris, Memphis district manager at Wells Fargo Bank.

71. Counterpart Wins 3 Design Awards -

Memphis-based Counterpart Communication Design has won three American Graphic Design Awards for 2014.

The honors are presented by the publication “Graphic Design USA.” This year marks Counterpart’s ninth year for winning the awards, with a total of 40 in all.

72. Counterpart Wins Three Design Awards -

Memphis-based Counterpart Communication Design has won three American Graphic Design Awards for 2014.

The honors are presented by the publication “Graphic Design USA.” This year marks Counterpart’s ninth year for winning the awards, with a total of 40 in all.

73. RISE Foundation Adds New Board Members -

The RISE Foundation, a nonprofit that uses financial literacy to help improve the lives of low-income Memphis residents, has added five new members to its board of directors.

The new members are Crystal Oliver, managing director in human resources at FedEx; Jerry Corless, managing partner at MidSouth Financial Group/MassMutual; Brian Woods, finance director at Nike; Paul Blanchard, vice president, supply chain, industrial packaging at International Paper; and Teresa Morris, Memphis district manager at Wells Fargo Bank.

74. VIA Productions Expands in Memphis -

A month after announcing one acquisition, Memphis-based video production company VIA Productions is still pursuing an “aggressive growth strategy,” including staff additions and more acquisitions.

75. Women’s Foundation Names Officers, Board Members -

The board of directors of the Women’s Foundation for a Greater Memphis has announced its 2014-15 executive committee, new officers and incoming board members. The following women were elected and will serve in their respective capacities for a three-year term.

76. Women’s Foundation Names Officers, Board Members -

The board of directors of the Women’s Foundation for a Greater Memphis has announced its 2014-15 executive committee, new officers and incoming board members. The following women were elected and will serve in their respective capacities for a three-year term.

77. Olive Branch Business Park Closer to Development -

A Texas-based development firm could start turning dirt soon on a massive new business park in Olive Branch.

Hillwood Investment Properties is expected to close on a land purchase next week that will clear the way for Legacy Park, a 265-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

78. Stonebridge Crossing Sells for $29.8 Million -

9135 Morning Ridge Road
Memphis, TN 38016
Sale Amount: $29.8 million

Sale Date: Sept. 11, 2014
Buyer: IRT Stonebridge Crossing Apartments Owner LLC
Seller: AB Merion Stonebridge LLC
Details: The 500-unit Stonebridge Crossing apartment complex in Cordova has traded hands.

79. International Paper Seeks Permit for Crosswalk -

International Paper is preparing to move forward with an exterior crosswalk connecting its new office tower to the company’s existing campus.

International Paper applied Monday, Sept. 22 for a $2.75 million building permit through the city-county Office of Construction Code Enforcement for the crosswalk that would span International Drive and connect the new office building at 1760 International Dr. to the Memphis-based company’s East Memphis world headquarters, which is located on Poplar Avenue just east of West Massey Road.

80. International Paper Seeks Permit for Crosswalk -

International Paper is preparing to move forward with an exterior crosswalk connecting its new office tower to the company’s existing campus.

International Paper applied Monday, Sept. 22 for a $2.75 million building permit through the city-county Office of Construction Code Enforcement for the crosswalk that would span International Drive and connect the new office building at 1760 International Dr. to the Memphis-based company’s East Memphis world headquarters, which is located on Poplar Avenue just east of West Massey Road.

81. Meritan’s Branch Named Among Top Nurses -

Cindy Branch, Meritan’s associate vice president for health services, has been selected to represent Tennessee as one of the nation’s top 50 home care and hospice nurses by the National Association for Home Care & Hospice and the Home Healthcare Nurses Association. Branch, a registered nurse, has oversight of Meritan’s nursing programs, including home health, private duty nursing and medical residential homes. She will be recognized at NACH’s annual meeting in October.

82. Plans for Site of Closing International Paper Mill are Uncertain -

COURTLAND, Ala. (AP) – A year after International Paper announced that it would close a north Alabama mill because of declining demand, there's much uncertainty about the site's future.

83. IP Names Mark Sutton Chairman and CEO -

Mark Sutton is the new chief executive officer and chairman of International Paper Co., named this week as the board of the Memphis-based company prepares for the retirement of current CEO and chairman John Faraci.

84. International Paper Names Mark Sutton Chairman and CEO -

Mark Sutton is the new chief executive officer and chairman of International Paper Co., named this week as the board of the Memphis-based company prepares for the retirement of current CEO and chairman John Faraci.

85. International Paper Names Mark Sutton Chairman and CEO -

Mark Sutton is the new chief executive officer and chairman of International Paper Co., named this week as the board of the Memphis-based company prepares for the retirement of current CEO and chairman John Faraci.

86. Fuchs Joins Vaco Logistics as Recruiter -

Eddie Fuchs has joined Vaco Memphis as an executive recruiter for Vaco Logistics, where he’ll consult with distribution, transportation and manufacturing companies to help identify candidates for leadership and specialized skill positions. Fuchs, who previously worked in the business development department of Intermodal Cartage Co., was recently named to the Greater Memphis Chamber’s 2014 Young Memphians list.

87. Hard to Swallow? Burger King May Move to Canada -

NEW YORK (AP) – Some Burger King customers are finding it hard to swallow that the home of the Whopper could move to Canada.

Investors seemed to welcome the announcement by Burger King late Sunday that it was in talks to buy Canadian coffee-and-doughnut chain Tim Hortons and create the world's third-largest fast-food restaurant company. The news pushed shares of both companies up more than 20 percent.

88. Old International Paper Equipment Up for Sale -

NATCHEZ, Miss. (AP) – Some of the last infrastructure left over from International Paper's days of operations will soon be up for bid.

The Adams County Board of Supervisors authorized this week for County Administrator Joe Murray to declare some of the old IP equipment to be excess equipment and advertise it for sale.

89. Developer Tries Again for Highland McDonald’s -

The developer behind a proposed McDonald’s on Highland Avenue near the University of Memphis is making another attempt at the project.

According to the most current site plan, the 5,353-square-foot restaurant building is situated along the sidewalk on Highland and a looping drive-thru proposed earlier has been replaced with one that runs along the eastern side of the building.

90. S&P: Wealth Gap is Slowing US Economic Growth -

WASHINGTON (AP) – Economists have long argued that a rising wealth gap has complicated the U.S. rebound from the Great Recession.

Now, an analysis by the rating agency Standard & Poor's lends its weight to the argument: The widening gap between the wealthiest Americans and everyone else has made the economy more prone to boom-bust cycles and slowed the 5-year-old recovery from the recession.

91. International Paper Profits Fall 38 Percent -

International Paper reported second quarter earnings of $161 million Tuesday, July 29, a $98 million drop from the second quarter a year ago when IP reported net earnings of $259 million.

The drop in profits came as the Memphis-based company took restructuring charges including a new pre-tax loss of $324 million. Most of that, $262 million before taxes, was for debt extinguishment.

92. International Paper Profits Fall 38 Pct. -

International Paper reported second quarter earnings of $161 million Tuesday, July 29, a $98 million drop from the second quarter a year ago when IP reported net earnings of $259 million.

The drop in profits came as the Memphis-based company took restructuring charges including a new pre-tax loss of $324 million. Most of that, $262 million before taxes, was for debt extinguishment.

93. Rising Up -

Adrienne Johnson remembers being stalked. It was actually a good thing. “I grew up in a single-parent home,” said Johnson, 35, today a financial analyst at International Paper and one of IP’s mentors in the RISE Foundation Goal Card program. “I was the first in my family to go to college. It was unrealistic (to attend college), not something I envisioned at all.”

94. ServiceMaster Sponsoring New BizTown Shop -

Junior Achievement of Memphis and the Mid-South Inc. has announced the newest shop in JA BizTown will be sponsored by ServiceMaster.

95. From Despair to Belief -

A July weekday afternoon, about 2:45. It’s the perfect time for just about anyone to be nodding off in class.

But in the basement of Midtown Church of Christ, where HopeWorks Inc. is housed, class is in session and a dozen men and their teacher are having a lively discussion.

96. ServiceMaster Sponsoring New BizTown Shop -

Junior Achievement of Memphis and the Mid-South Inc. has announced the newest shop in JA BizTown will be sponsored by ServiceMaster.

97. US Students in Middle of Pack on Financial Knowhow -

WASHINGTON (AP) – In an increasingly global economy, just 1 in 10 teenagers around the world is able to make some key – but complex – financial decisions, including choosing among various loans or analyzing invoices and pay slips.

98. Oil Company Approved for Former International Paper Site -

A portion of the former International Paper property in Natchez, Miss., is now under option to a company involved in the extraction of oil from the Tuscaloosa Marine Shale.

Natchez Inc. Executive Director Chandler Russ told The Natchez Democrat the transaction comes with the promise of 20 jobs. Russ said local officials are under a confidentiality agreement.

99. International Paper CEO Set to Retire in March -

International Paper Co. CEO John Faraci will retire effective March 1, the Memphis-based company announced last week.

100. International Paper Names Sutton President and COO -

Mark S. Sutton, the senior vice president of industrial packaging for International Paper Co., is the company’s new president and chief operating officer.