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Editorial Results (free)

1. Top White-Collar Crime Prosecutor Getting SEC Job -

WASHINGTON (AP) – President Barack Obama will nominate former U.S. attorney Mary Jo White, who built a reputation prosecuting white-collar crimes, to lead the Securities and Exchange Commission, an agency that has a central role in implementing Wall Street reform.

2. Southland Sells Parcels To Bank For $1 Million -

A Downtown property that real estate investor Terry Lynch once planned for residential and retail space was sold back to the lender for slightly less than $1 million.

3. Midtown Site in Flux as Neil’s Plans Move -

After nearly 20 years, prominent Midtown restaurant and entertainment venue Neil’s Bar is on the hunt for a new home.

The property on which Neil’s previously stood at 1835 Madison Ave. is owned by Don McCormack and Ceylon Blackwell.

4. Delta Plan Yields More Cuts at Memphis Airport -

On the way to its Labor Day goal of cutting capacity, Delta Air Lines Inc. is making more specific the moves that will cut its service at Memphis International Airport, one of Delta’s seven domestic hubs.

5. Wood Honored As Theater’s ‘Superior Volunteer’ -

Bennett Wood made his acting debut as a second-grader playing George Washington in a historical pageant.

Today, Wood can be found on the big screen, the small screen and on stage at Theatre Memphis, and his work there has earned him the Robert E. Gard Superior Volunteer Award from the American Association of Community Theatre.

6. ‘New Day’ at Downtown’s One Commerce -

Downtown Memphis got an early Christmas present in the form of ownership of One Commerce Square officially changing hands in the wake of Pinnacle Airlines Corp. signing a lease at the tower earlier this month.

7. "New Day" at Downtown's One Commerce Square -

Downtown Memphis got an early Christmas present in the form of ownership of One Commerce Square officially changing hands in the wake of Pinnacle Airlines Corp. signing a lease at the tower earlier this month.

8. CB Richard Ellis Refinances $650M in Debt -

LOS ANGELES (AP) – CB Richard Ellis Group Inc. said Thursday it has lined up $1.5 billion in new credit and refinanced $650 million in debt under its credit agreement.

9. Goldman Sachs Paid $20K to Ford -

Goldman Sachs paid the lobbying firm of former Memphis Congressman Harold Ford Sr. $20,000 at the end of 2009. Congressional records from the fourth quarter show The Harold Ford Group was paid to promote the interests of the powerful Wall Street investment bank on issues including the pending financial reform bill.

10. Inside The Priest Files: Documents reveal 50 years of abuse, cover-ups in Memphis diocese -

John Doe and his family watched 1999 change to the year 2000 in Memphis.

They were visitors to the city, here for a family medical emergency.

Looking back on it seven years later, Doe would remember “mentally trying to see if the world was going to end because everybody was scared something was going to happen.”

11. Ohio AG Takes Lead Role in Bank of America Lawsuit -

COLUMBUS, Ohio (AP) - Bank of America Corp. executives improperly concealed billions of dollars in losses and billions in bonuses paid by Merrill Lynch before a shareholder vote on their proposed merger, Ohio's attorney general argued in a class-action securities lawsuit he described as among the largest in history.

12. Judge Sets Hearing on BofA-SEC Settlement -

CHARLOTTE, N.C. (AP) - A judge has ordered a hearing on a $33 million proposed settlement between the U.S. Securities and Exchange Commission and Bank of America Corp. over executive bonuses.

13. BofA Could Eventually Cut 10 Pct of Branches -

CHARLOTTE, N.C. (AP) - Bank of America Corp. could eventually shrink its 6,100-branch network by about 10 percent as consumers utilize other methods of banking, a company spokesman said Tuesday.

14. Delta Air Lines to Cut More Capacity -

ATLANTA (AP) – Delta Air Lines Inc. will shave additional capacity later this year as it warns that more than $6 billion in benefits it expected from lower fuel prices, its merger with Northwest Airlines and previous capacity reductions will be overtaken by declining revenues.

15. AIG Bonuses Won't Stand, Dem Senators Declare -

WASHINGTON (AP) - Talking tougher by the hour, livid Democrats confronted beleaguered insurance giant AIG with an ultimatum Tuesday: Give back $165 million in post-bailout bonuses or watch Congress tax it away with emergency legislation.

16. Obama: AIG Can't Justify 'Outrage' of Bonuses -

WASHINGTON (AP) - President Barack Obama on Monday issued a blistering attack on American International Group and pledged to stop the struggling insurance and investment giant from paying out millions in executive bonuses.

17. BofA CEO Lewis Says Nationalization is 'Absurd' -

CHARLOTTE, N.C. (AP) - Bank of America Corp. Chief Executive Ken Lewis capped off a week of defending his bank and his role in it on Friday by firing back against rumors that his company could be in danger of nationalization.

18. No Pink Slips for Bailed-Out Bank Execs -

WASHINGTON (AP) – They’ve been bailed out, but not kicked out.

At banks receiving federal bailout money, nearly nine out of every 10 of the most senior executives from 2006 are still on the job, according to an Associated Press analysis of regulatory and company documents.

19. Citi Shares Fall Despite Talks with Morgan Stanley -

NEW YORK (AP) - Citigroup Inc.'s stock sank Monday to its lowest levels since November as investors wondered how much more cash the troubled bank will need.

20. Memphis Logistics Defies Storms, Stays on Top -

This past year was a mixed bag for the logistics and distribution industries, with a smattering of good news and bad news throughout 2008.

Mother Nature made perhaps the biggest impact of the year when devastating storms ripped through the area’s warehouse district Feb. 5, damaging distribution centers and forcing companies to find new storage places.

21. AP Study Finds $1.6B Went to Bailed-Out Bank Execs -

Banks that have their hands out in Washington this year were handing out multimillion-dollar rewards to their executives last year.

The 116 banks that so far have received taxpayer dollars to boost them through the economic crisis gave their top tier of executives nearly $1.6 billion in salaries, bonuses and other benefits in 2007, an Associated Press analysis found.

22. States Cut Spending, Put Projects on Hold -

With the economy in a slide and the credit markets seized up, states are slashing budgets, eliminating jobs, putting major construction projects on hold and nervously waiting to see whether their shriveled pension funds recover.

23. Paulson Urges Quick Action on $700B Bailout -

WASHINGTON (AP) – The Bush administration insisted Sunday that Congress must move quickly to approve what one lawmaker called the “mother of all bailouts” – a $700 billion proposal to buy a mountain of bad mortgage debt in an effort to unfreeze the nation’s credit markets.

24. Wall Street Crisis Could Put Fed Rate Cut in Play -

WASHINGTON (AP) - Wreckage from a massive crisis on Wall Street could prompt the Federal Reserve to do an about face and once again cut a key interest rate this week or possibly later this year, economists said Monday.

25. Democrats Call for Foreclosure Freeze -

WASHINGTON (AP) - Four Democratic senators Thursday urged the mortgage companies Fannie Mae and Freddie Mac to freeze foreclosures for 90 days on loans they hold.

The troubled companies, seized by the government Sunday, should help struggling borrowers swap their mortgages for more affordable loans and stay in their homes, the lawmakers wrote the new chief executives and the federal regulator now running Fannie Mae and Freddie Mac.

26. Citigroup Returning Billions to Investors -

WASHINGTON (AP) - Citigroup Inc. will buy back more than $7 billion in auction-rate securities and pay $100 million in fines as part of settlements with federal and state regulators, who said the bank marketed the investments as safe despite liquidity risks.

27. Chick-fil-A Closes Purchase Of Midtown Church -

1978 Union Ave.
Memphis, TN 38104
Sale Amount: $1.3 Million

Sale Date: July 24, 2008
Buyer: Chick-fil-A Inc.
Seller: Board of Stewardship, Foundation and Benefits of the Cumberland Presbyterian Church, formerly known as Board of Finance of the Cumberland Presbyterian Church

28. California Investor Buys Cordova Body Shop -

Bonsall, Calif.-based Optoprecision Profit Sharing Trust has bought an ABRA Auto Body and Glass store in Cordova for $1.2 million from Richard Lynch. The 5,645-square-foot shop sits on 0.47 acres at 7980 Patriot Drive on the west side of Germantown Parkway between Trinity and Macon roads.

29. Analyst: Lehman Should be Private; Financials Fall -

NEW YORK (AP) - Investors bailed out of investment bank stocks Monday as concerns about the credit crisis prompted one analyst to call for Lehman Brothers Holdings Inc. to go private.

Financials such as Merrill Lynch & Co. and Morgan Stanley dropped sharply amid more uncertainty about their fate. The most dramatic drop came from Lehman, which tumbled to a 9-year low on fears it does not have enough capital to stay in business.

30. AFL-CIO Links Financial Industry Executives' High Pay With Credit Crisis Fallout -

WASHINGTON (AP) - The AFL-CIO on Monday said "outrageous" pay packages for banking industry executives were partly to blame for the credit crisis, encouraging risky investment strategies that ended up hurting shareholders and consumers.

31. Congress to Consider Bankruptcy Relief, Foreclosure Assistance -

WASHINGTON (AP) - Congress is set to examine another round of possible repairs for consumers and investors threatened by widening cracks in the housing market.

Proposals include easing bankruptcy rules, shielding banks from lawsuits and providing government assistance to home-owners facing foreclosure.

32. Former Midtown Grocer Building Gets New Owner, Look -

A Midtown building once home to a well-known grocery store and then an antique shop is on the verge of yet another incarnation as its new owners prepare to give it a fresh look.

Memphis-based Lynch and Weddle Holdings GP, whose partners are Richard Lynch and Todd Weddle, Feb. 6 bought the decades-old strip center on the northeast corner of North McLean Boulevard and Madison Avenue for $600,000.

33. Regional Logistics Council Looks to '08 -

Formed three years ago to address Memphis' ever-growing and ever-changing role in global distribution and logistics, the Regional Logistics Council will close the books on 2007 - and look ahead to 2008 - at its quarterly meeting Thursday.

34. Former Union Ave. Florist Shop To Get a Facelift -

2011-2015 Union Ave.
Memphis, TN 38104
Sale Amount: $900,000

Sale Date: Feb. 2, 2007

Buyer: 2011-2015 Union Avenue Partners

35. Commercial Advisors' Jensen Voted Commercial Broker of the Year -

Larry Jensen has received the 2005 Pinnacle Award for Commercial Broker of the Year from the Memphis Area Association of Realtors' Commercial Council. Jensen is president and CEO of Commercial Advisors LLC. He has more than 30 years of experience in real estate.

36. Archived Article -

2670 Frayser Blvd.
Memphis, TN 38127
Cost: $2.5 million

Buyer: J. Paul McNamara and Donna Lynch Ayers, trustees
Seller: CP Rad Tonj LLC
Property: Property at 2670 Frayser Blvd. near Range Line Road.

37. Archived Article: Family (lead) - ANDY MEEK

Entertainment Complex Heads to Cordova

Family-oriented center planned for site near Wolfchase

ANDY MEEK

The Daily News

Businesses that specialize in family entertainment appear to be catching on along Germantown Parkway, par...

38. Archived Article: Real Recap - 14

Cordova Land to Become Family Center

14.48 acres on

Germantown Parkway

Cost: $5.3 million

Borrower: Family Values Property LLC

Lender: Merchants & Farmers Bank

Trustee: H. Lee Shaw

Property: 14.48 acres on Germantown P...

39. Archived Article: Daily Digest - Signature Advertising

FedEx Ground Opens

New Automated Terminal
FedEx Corp. subsidiary FedEx Ground has opened a fully automated terminal in Tampa, Fla. The 170,000-square-foot facility consolidates operations in Tampa and St. Petersburg....

40. Archived Article: Real Recap - 3100 Bellbrook Drive

St. Clair Foods Plans to Expand

3100 Bellbrook Drive

Memphis, TN 38116

Cost: $3.4 million

Buyer: York Properties LLC

Seller: APF Bellbrook Industrial Inc.

Property: A 108,000-square-foot building and 11 acre...

41. Archived Article: Newsmakers - Crye-Leike Adds Associates to Circle of Excellence

Crye-Leike Adds Associates to Circle of Excellence Crye-Leike, Realtors inducted the following sales associates into its Circle of Excellence as vice presidents within the West Tennessee region: ...

42. Archived Article: Memos - Michael Frederick was appointed director of radiology at Methodist

Michael Frederick was appointed director of radiology at Methodist South Hospital. He previously was the administrative director of radiology at Edinburg Regional Medical Center i...

43. Archived Article: Stocks P - Stocks on roller coaster in 2001 Stocks on roller coaster in 2001 The year 2001 was one of great contrasts for Wall Street. Stocks alternately plunged on waves of heavy selling and surged higher, showing the resiliency that has attracted millions of...

44. Archived Article: Memos - Robert Miller Elected to Harrah's Ruth Hendricks has been appointed catering sales manager for the Peabody. She formerly served as operations manager for Memphis in May. Ken Nelson has been promoted from catering sales manager to assistant director ...

45. Archived Article: Prime - 7537 U 7537 U.S. Highway 64 for lease A 1,300-square-foot bay in the Shops of Appling Way is for lease. Formerly a delicatessen, the space is less than a mile from Wolfchase Galleria, has two handicapped restrooms, is completely built out and ready ...

46. Archived Article: Law (duis) - By STACEY PETSCHAUER Cracking down for Christmas Law enforcement and advocacy groups work to stop the dangerous mix of drinking and driving By STACEY PETSCHAUER The Daily News Although Thanksgiving is over and the nations celebrants are settling bac...

47. Archived Article: Appling Way Chg - Construction to start on Construction to start on Shops of Appling Way By CAMILLE H. GAMBLE The Daily News Two local investors will start construction soon on the second phase of the Shops of Appling Way, a retail strip center development on Highway...

48. Archived Article: Appling Way Shop Lj - lj 10/5 cates Two commercial projects to begin soon in Wolfchase area By LAURIE JOHNSON The Daily News As construction on the Wolfchase Galleria Mall continues in high gear through the summer building season, commercial development also progresses a...

49. Archived Article: Johnny Rockets - 5-13 chg johnny rockets Construction starts on new 50s-style restaurant By CAMILLE H. GAMBLE The Daily News Construction has started on the new Johnny Rockets restaurant being built at 567 Perkins Extended by franchisee David Kaplan of Mission Contr...

50. Archived Article: Inv Briefs - 01/29 Inv briefs The Mid-South Society of the Institute of Certified Financial Planners will hold its monthly luncheon meeting on Feb. 7 at 11:45 a.m. at the Racquet Club. Robert M. Crowe, a financial consultant, writer and educator, will speak on t...