Editorial Results (free)
1. Government for the Prosperity of the People
- Wednesday, September 17, 2014
The reporting out of the US on China is uniformly downbeat. By applying our western perspectives, China appears inhumane, politically oppressive, over-indebted and fragile.
From the American perspective, functional nations should look more ... well ... like us. They should have democracy, inalienable property rights, free and open markets, freedom of expression, apple pie, etc. Our national belief in the ideology of American exceptionalism defines our worldview.
2. Influence Game: Chemical Trade Tries to Shape Regulations
- Monday, September 15, 2014
WASHINGTON (AP) – The powerful chemical industry is putting its lobbying muscle behind legislation that would establish standards for chemicals used in products from household goods to cellphones and plastic water bottles – but also make it tougher for states to enact their own regulations.
3. American Recovery Drives the Dollar Sharply Higher
- Wednesday, September 10, 2014
NEW YORK (AP) – In the world of currencies, the dollar is starting to look like a safe home in a tough neighborhood.
A strengthening American economy, combined with a gloomy outlook for growth elsewhere, is pushing the U.S. currency sharply higher.
4. US Manufacturing Grows at Fastest Pace in 3 1/2 Years
- Wednesday, September 03, 2014
WASHINGTON (AP) – U.S. manufacturing grew in August at the strongest pace in more than three years as factories cranked out more goods and new orders rose.
The Institute for Supply Management's manufacturing index rose to 59 from 57.1 in July, the ISM said Tuesday. That was the highest reading since March 2011. Any measure above 50 signals that manufacturing is growing.
5. Atlas Men’s Health Celebrates One Year
- Monday, September 01, 2014
At Atlas Men’s Health in Midtown, you can get some basic primary care services, such as a physical, testosterone replacement therapy, wellness injections and routine vaccinations.
And after a night of too much drinking they can take care of that awful next-day feeling with their IV Hangover Therapy.
6. 3 Ways Insurers Can Discourage Sick From Enrolling
- Thursday, August 28, 2014
Insurers can no longer reject customers with expensive medical conditions thanks to the health care overhaul. But consumer advocates warn that companies are still using wiggle room to discourage the sickest – and costliest – patients from enrolling.
7. SEC Adopts Rules on Loan-Backed Securities
- Thursday, August 28, 2014
WASHINGTON (AP) – Financial firms that sell securities backed by loans, like the kind that fueled the 2008 financial crisis, will have to give investors details on borrowers' credit record and income under action taken Wednesday by federal regulators.
8. AP Survey: Fed's Outlook Correct but Not Solution
- Wednesday, August 27, 2014
WASHINGTON (AP) – Economists appear to be of two minds about the Federal Reserve.
They agree with the Fed that the job market still isn't healthy. Yet the latest Associated Press survey of economists finds that most fear the Fed will wait too long to raise interest rates and thereby risk stoking inflation or creating asset bubbles.
9. Vanderbilt Students Find Happiness in Music City
- Saturday, August 23, 2014
As the Class of 2018 begins to poke around the Vanderbilt University campus, the newest Commodores will be met with the highest of expectations.
“This class is projected to have the highest academic quality in our history as measured by high school class rank and SAT scores,’’ says Doug Christiansen, vice provost for enrollment and dean of admissions.
10. US Home Construction Jumps 15.7 Percent in July
- Tuesday, August 19, 2014
WASHINGTON (AP) – U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.
11. Wal-Mart Cuts Profit Outlook
- Friday, August 15, 2014
BENTONVILLE, Ark. (AP) – Wal-Mart Stores Inc. cut its annual profit outlook on Thursday amid sluggish sales, higher-than-expected health care costs and the need to invest more in its e-commerce operations.
12. Where the Values Aren’t
- Thursday, August 14, 2014
Downturns, while painful, can be very useful for the information they provide.
The S&P 500, representative of U.S. large cap stocks, declined 4 percent between July 24 and Aug. 7. Limiting our data set to this time period produces a couple of interesting observations. First, while interest rates didn’t actually move as feared, interest rate sensitive investments did. Master limited partnerships, utilities and high dividend payers underperformed over the period. Second, the emerging and frontier markets outperformed notably.
13. US Consumer Spending Up 0.4 Percent in June
- Monday, August 04, 2014
WASHINGTON (AP) — U.S. consumer spending rose at the fastest pace in three months in June, providing momentum for the economy going into the second half of the year.
Consumer spending increased 0.4 percent in June on a seasonally adjusted basis following slower increases of 0.3 percent in May and 0.1 percent in April, the Commerce Department said Friday.
14. Fed Weighs Key Issues But May Reveal Little
- Wednesday, July 30, 2014
WASHINGTON (AP) — This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low.
This much is not: When will the Fed start tightening its interest-rate policy to thwart any runaway inflation? How will it do so? And when will the Fed start paring its enormous $4 trillion-plus investment portfolio — a step that will put upward pressure on interest rates?
15. Largest US Insurer's Move Signals Industry Shift
- Friday, July 18, 2014
The nation's largest health insurer expects to play a much bigger role in the health care overhaul next year, as the federal law shifts from raising giant questions for the sector to offering growth opportunities.
16. Locally Grown Foods Look to Bigger Business
- Thursday, July 17, 2014
PHILADELPHIA (AP) – Once a niche business, locally grown foods aren't just for farmers markets anymore.
A growing network of companies and organizations is delivering food directly from local farms to major institutions like Thomas Jefferson University Hospital in downtown Philadelphia, eliminating scores of middlemen from farm to fork. Along the way, they're increasing profits and recognition for smaller farms and bringing consumers healthier, fresher foods.
17. Apple, IBM Team Up in Mobile Devices, Applications
- Wednesday, July 16, 2014
CUPERTINO, Calif. (AP) – Apple is teaming up with former nemesis IBM in an attempt to sell more iPhones and iPads to corporate customers.
The exclusive partnership announced Tuesday calls for the two technology companies to work together on about 100 different mobile applications designed for a wide range of industries.
18. PC Shipment Slump Bottoms Out
- Thursday, July 10, 2014
NEW YORK (AP) – A two-year slump in personal computer sales ended in the second quarter, helped by improving demand in developed markets like North America and Europe.
PC sales have fallen in recent years, hurt by surging demand for tablets and other mobile devices. Tough economic conditions around the world have also disrupted sales. But quarterly figures released Wednesday by the research firms Gartner Inc. and International Data Corp. show the global slump is easing.
19. Cushman & Wakefield Adds Yates to Capital Markets Team
- Wednesday, July 09, 2014
Alex Yates has joined the Cushman & Wakefield/Commercial Advisors Capital Markets team as vice president, assisting and executing investment sales, debt/equity placement and development advisory projects. Yates’ efforts will be heavily concentrated in multifamily and retail, but he will focus on other product types as well.
20. Economy Shrank at Steep 2.9 Percent Rate in First Quarter
- Thursday, June 26, 2014
WASHINGTON (AP) – The U.S. economy shrank at a steep annual rate of 2.9 percent in the January-March quarter as a harsh winter contributed to the biggest contraction since the depths of the recession five years ago. But the setback is widely thought to be temporary, with growth rebounding solidly since spring.
21. Lehman-Roberts’ Longevity Paved by Family Ownership
- Monday, June 16, 2014
Lehman-Roberts Co. is a highway paving contractor that president Patrick Nelson regards with the kind of pride that might at first seem out of place for work that involves asphalt and roadwork.
22. Growth Strategy
- Thursday, June 12, 2014
Cotton helped make Dunavant Enterprises into a worldwide brand, but the family and company have maintained a long-term association with the logistics industry.
Col. William Pemberton Dunavant first ventured into logistics shortly after the Civil War – decades before Dunavant entered into the cotton trade – when he was involved in building short-line railroads in Mississippi.
23. Wal-Mart CEO: Speed Up Pace of Change
- Monday, June 09, 2014
FAYETTEVILLE, Ark. (AP) – Wal-Mart's CEO Doug McMillon said the world's largest retailer's task is to more quickly bring e-commerce together with physical stores to better serve shoppers.
24. Change on Tap for Many Local Public Companies
- Saturday, May 31, 2014
Here’s a snapshot of recent news and developments at some of the publicly traded companies based in Memphis, reflecting the influence these companies have and the shadows they cast both in Memphis and beyond, in industries that range from bioscience to banking.
25. How Low Can We Go?
- Thursday, May 29, 2014
With the S&P 500 back at all-time highs, investors may be experiencing a bit of altitude sickness. With the S&P 500 now up 180 percent from the bottom, it’s right to question how much upside remains. However, the better question might be how much downside lies below.
26. Proposal: Airlines Openly Disclose Seat, Bag Fees
- Thursday, May 22, 2014
WASHINGTON (AP) – Passengers love the idea, but airlines hate it. The government wants to require that travelers be told upfront about basic services that aren't included in the price of a ticket and how much extra they'll cost.
27. Antitrust Experts: 2 Big Deals Better Than 1
- Wednesday, May 21, 2014
LOS ANGELES (AP) – Antitrust experts say AT&T's bid for DirecTV could reap immediate regulatory rewards. Coming so quickly on the heels of a rival cable company merger – the pairing of Comcast and Time Warner Cable – makes it easier for regulators to approve both transactions because they create two counterbalanced giants in pay TV.
28. AT&T Aims for TV's Future With $48.5 Billion DirecTV Deal
- Tuesday, May 20, 2014
LOS ANGELES (AP) – AT&T says it views its planned $48.5 billion purchase of DirecTV as a way to help redefine the video entertainment industry, giving it opportunities to bundle services and tap into growing Latin American markets.
29. Bioworks Foundation Wins $200,000 EPA Grant
- Tuesday, May 13, 2014
Memphis Bioworks is one of 18 grantees for the U.S. Environmental Protection Agency’s Environmental Workforce Development and Job Training (EWDJT) program.
The EPA made the announcement on Monday, May 12, and each grant is worth $200,000.
30. Apple CEO Dares to be Different From Steve Jobs
- Tuesday, May 13, 2014
SAN FRANCISCO (AP) – "Think different" became Apple's creed during the late Steve Jobs' reign as CEO. Now, chief executive Tim Cook is embracing the idea while making decisions that would have seemed crazy to his fabled predecessor.
31. The Market Whisperer
- Saturday, May 10, 2014
When economic analysis gets reduced to a binary choice between opposites like bullish or bearish, up or down, strong or weak, the complexity that helps explain the way things are gets lost in a thicket of sound byte-ready oversimplification.
32. American Economy Bounces Back From Brutal Winter
- Monday, May 05, 2014
WASHINGTON (AP) – The American economy shrugged off the end of a brutal winter last month, rebounding with the biggest hiring surge in two years and suggesting that the job market's gains could endure.
33. Area Industrial Market Poised for Solid Year
- Saturday, May 03, 2014
All signs are pointing toward a strong year for the Memphis-area industrial market.
The Memphis market closed the first quarter with 897,829 square feet of absorption and the total vacancy rate for the Memphis market – 10.8 percent - is the lowest the market has experienced in 14 years, according to CB Richard Ellis Memphis.
34. Memphis Remains Key for Back Yard Burgers Turnaround
- Friday, April 25, 2014
More than a year after coming out of bankruptcy protection, Nashville-based Back Yard Burgers is a different restaurant company – one that enjoyed a 10.6 percent increase in same-store sales in the first quarter as well as 12 straight months of increased revenue.
35. Thawing Out: Warmer Temperatures Lift US Economy
- Tuesday, April 22, 2014
WASHINGTON (AP) – Spring's thaw is reviving the economy, too.
A recent batch of government and business reports show a U.S. economy emerging from winter's deep freeze.
Economists had expected the growth to accelerate in 2014 after two years of slow and steady improvement. But an unusually bitter winter sent factories, hiring and consumer spending into hibernation.
36. February Has Stock Market ‘Reboot’
- Thursday, April 17, 2014
Frustrating. A word often used to describe computers, smartphones, tablets and, quite often, the stock market.
Sometimes we can press the exact same button on our computer as we did the day before and something completely different pops up on our screen. What do we do? Do we call the IT person or reboot?
37. US Home Market: Few Buyers and Not Enough Sellers
- Friday, April 04, 2014
WASHINGTON (AP) – Entering the 2014 spring buying season, the U.S. housing market faces an unusual dilemma: Too few people are selling homes. Yet too few buyers can afford the homes that are for sale.
38. Deadline Dash: Health Care Sign-Ups Amid Glitches
- Tuesday, April 01, 2014
WASHINGTON (AP) – A flood of last-minute applicants rushed to sign up for health insurance on Monday, deadline day for President Barack Obama's health care law, with more than 125,000 people at a time using the fragile system despite a new spate of intermittent ills.
39. Time to Ignore Financial Predictions
- Thursday, March 27, 2014
Ray’s Take. Financial “experts” like to make predictions about what the markets, the economy and sundry other things financial will do in the months ahead. At the beginning of 2013, one well-known economist predicted 2013 would bring 50 percent unemployment alongside a 90 percent drop in the stock market. Thankfully, he was about as far off the mark as you can get. What’s in store for 2014?
40. Survey: Economists See US Growth Pickup This Year
- Tuesday, March 25, 2014
WASHINGTON, D.C. (AP) — With the pace of U.S. economic growth seen speeding up later this year and next, many business economists expect the Federal Reserve to end its bond purchases this fall or even earlier.
41. Health Law Concerns for Cancer Centers
- Thursday, March 20, 2014
WASHINGTON (AP) – Cancer patients relieved that they can get insurance coverage because of the new health care law may be disappointed to learn that some the nation's best cancer hospitals are off-limits.
42. Examining Numbers From Data Week
- Wednesday, March 12, 2014
The first week of the month always produces a torrent of economic data that is capped off by the Friday employment report from the Department of Labor. Here is a summary of the more relevant data releases from last week:
43. Hopes Up for Sunnier US Economy Once Winter Fades
- Monday, March 03, 2014
WASHINGTON (AP) – When the weather warms up, so, too, will the U.S. economy.
That, at least, is the prevailing view of economists, who shrugged off a government report Friday that the economy was weaker last quarter than first thought.
44. How to Fight the Flat
- Thursday, February 27, 2014
Markets have regained their composure after a sharp, but necessary, sell off in early January. Sentiment has now retreated from the euphoric levels reached toward the end of last year, to more neutral levels.
45. Transcripts Show Fed at Times Slow to Grasp Crisis
- Monday, February 24, 2014
WASHINGTON (AP) – The Federal Reserve agonized in 2008 over how far to go to stop a financial crisis that threatened to cause a recession and at times struggled to recognize its speed and magnitude.
46. Breaking Through
- Saturday, February 22, 2014
If it was just an abstraction or a mere theory, it wouldn’t have a definition in the dictionary or a website. It would simply be another urban myth.
But with a few keystrokes you can go right to www.glassceiling.com. And the dictionary definition of “glass ceiling” is tangible – “an unfair system or set of attitudes that prevents some people (such as women or people of a certain race) from getting the most powerful jobs.” In fact, you can almost see a woman stuck in middle management, briefcase in hand, staring up at that glass ceiling and wondering: Where do I find the ladder that gets me from here to there?
47. Wal-Mart Offers Weak Outlook on Sales Shortfall
- Friday, February 21, 2014
NEW YORK (AP) – Much like its low-income shoppers, Wal-Mart can't seem to catch a break as the U.S. economy rebounds.
The world's largest retailer on Thursday posted a 21 percent drop in fourth quarter profit and gave a subdued forecast for the current year as it continues to be weighed down by a number of factors.
48. Yellen Debuts as Fed Chair
- Wednesday, February 19, 2014
For the first time since 2006, someone not named Ben Bernanke testified before the House Financial Services Committee as Chair of the Board of Governors of the Federal Reserve System. Dr. Janet Yellen officially assumed the post on Feb. 3.
49. Editorial: Candy Business has Lessons for Memphis
- Saturday, February 15, 2014
There are lessons to be learned from even the basic outline of the story of candy in Memphis that go far beyond making something sweet.
The traditional components of the city’s better-known business narratives – innovation, tenacity, adapting to change – are part of the outline.
50. January Insurance Sign-Ups Meet Monthly Goal
- Friday, February 14, 2014
WASHINGTON (AP) – While states are having varying success getting people to sign up, January marked the first time since new health insurance markets opened last fall that a national monthly enrollment target was met.
51. US Retail Sales Down 0.4 Percent in January
- Friday, February 14, 2014
WASHINGTON (AP) – Cold weather across much of the nation contributed to a drop in retail sales in January. Americans spent less on autos and clothes and at restaurants – a decline that suggests that momentum from consumer spending at the end of 2013 has tailed off.
52. CBIZ Memphis Adding 20 Hires, Interns
- Saturday, February 08, 2014
The Memphis office of CBIZ MHM LLC is welcoming a host of new faces in 2014.
The firm, which provides financial services such as accounting, tax, financial advisory and others, in recent days added a new business development manager. Drew Bringhurst joined the office’s marketing department with more than 10 years of experience in a variety of industries, including sales, marketing and human resources.
53. Merck, Partners to Jointly Test Hot Cancer Drug
- Thursday, February 06, 2014
Merck & Co.'s hot experimental cancer drug, already closely watched by investors, got more attention Wednesday after the company announced new alliances with three other drugmakers to test it in combination with their drugs.
54. Survey: US Companies Add 175,000 Jobs in January
- Thursday, February 06, 2014
WASHINGTON (AP) – A private survey shows that businesses added jobs at a modest pace in January, a sign that hiring may have rebounded after a disappointing figure in December.
Payroll processor ADP said Wednesday that companies added 175,000 jobs last month. That's down from 227,000 in December, which was revised lower. But it was much better than the government's official figure of just 74,000 new jobs in December.
55. US Durable Goods Orders Drop 4.3 Percent
- Wednesday, January 29, 2014
WASHINGTON (AP) – Businesses cut back sharply on their orders for long-lasting manufactured goods in December with a key category that signals business investment plans falling by the biggest amount in five months.
56. Commission Approves Ballpark Deal
- Wednesday, January 29, 2014
The deal for the city of Memphis to buy AutoZone Park and the St. Louis Cardinals to buy the Memphis Redbirds franchise is on its way to a mid-February closing.
Shelby County Commission approval of the county’s part of the deal Monday, Jan. 27, came with a lot of reluctance and some of the same complaints Memphis City Council members had last month – primarily that they were being rushed.
57. Commission Approves Other Part of Ballpark Deal
- Tuesday, January 28, 2014
Shelby County Commissioners reluctantly approved county government’s part of the AutoZone Park deal Monday, Jan. 27, despite delaying a vote on it at committee sessions last week.
The item was added onto the commission’s agenda by chairman James Harvey who said he could because it was “time sensitive.”
58. Poll: Uninsured Rate Drops as Health Law Rolls Out
- Friday, January 24, 2014
WASHINGTON (AP) – It may just be the start of a new trend. The uninsured rate dropped modestly this month as expanded coverage rolled out under President Barack Obama's health care law, a major survey released Thursday has found.
59. What to Expect When You’re Expecting
- Wednesday, January 22, 2014
S&P 500 corporate earnings in 2013 likely grew about 6 percent. The S&P 500 price index, however, grew 29.6 percent. The difference between the growth in earnings and the growth in the price index amounts to P/E expansion.
60. Madoff-Related Fraud to Cost JPMorgan $2.5 Billion
- Thursday, January 09, 2014
NEW YORK (AP) – For more than 15 years, there were signs something was amiss with what federal prosecutors in Manhattan call the "703 account" at JPMorgan Chase & Co.
61. Skimpy Health Law Plans Leave Some ‘Underinsured’
- Monday, January 06, 2014
WASHINGTON (AP) – For working people making modest wages and struggling with high medical bills from chronic disease, President Barack Obama's health care plan sounds like long-awaited relief. But the promise could go unfulfilled.
62. Signed Contracts to Buy US Homes Level Off
- Tuesday, December 31, 2013
The number of Americans who signed contracts to buy existing homes in November was essentially unchanged from October, suggesting sales are stabilizing after several months of declines.
The National Association of Realtors said Monday that its seasonally adjusted pending home sales index ticked up to 101.7 from 101.5 in October. The October figure was revised lower from an initial reading of 102.1.
63. Banner Year for East Memphis Office Space
- Monday, December 30, 2013
The Memphis office real estate market began showing signs of life in 2013, with the market for Class A office space in the East Memphis submarket fueling the resurgence.
While the city’s overall office market numbers may not appear very strong, the city’s most desired office submarket – East Memphis around Poplar Avenue and Interstate 240 – began showing strong signs of improvement in the second half of the year.
64. US Consumer Spending Rose 0.5 Percent in November
- Tuesday, December 24, 2013
WASHINGTON (AP) – Americans increased their spending in November by the most in five months, and their income edged up modestly.
Consumer spending rose 0.5 percent from October, when spending had risen 0.4 percent, the Commerce Department said Monday. It was the best showing since June. The gain was driven by a jump in spending on long-lasting durable goods such as autos.
65. Bright Spot
- Friday, December 20, 2013
The Memphis multifamily market turned in a strong performance during 2013, with enhanced investor interest and new units under construction.
Blake Pera, senior vice president of CB Richard Ellis Memphis’ multifamily division, classified the multifamily market in 2013 as healthy and continuing to improve.
66. Fed Will Reduce Bond Purchases by $10 Billion in January
- Thursday, December 19, 2013
WASHINGTON (AP) – The Federal Reserve has sent its strongest vote of confidence in the U.S. economy since the Great Recession struck six years ago: It's decided the economy is finally strong enough to withstand a slight pullback in the Fed's stimulus.
67. Fed Likely to Maintain Bond-Buying Pace for Now
- Wednesday, December 18, 2013
WASHINGTON (AP) – Is this week when the Federal Reserve finally slows its aggressive stimulus for the economy? Or does it want to await more evidence of a consistently improving economy?
68. First Horizon Stresses Patience to Investors
- Friday, December 06, 2013
The business of banking isn’t exactly a picnic at the moment for a company like First Horizon National Corp., which has made big strides toward lowering its risk profile but continues to see lower near-term profitability than it would like.
69. JPMorgan $13 Billion Deal May Not End Bank's Legal Woes
- Thursday, November 21, 2013
WASHINGTON (AP) – The $13 billion settlement that JPMorgan Chase agreed to Tuesday is the largest ever between the Justice Department and a corporation. Yet it isn't likely the end of the bank's legal troubles over the risky mortgage securities it sold before the financial crisis.
70. Keep Your Eye on the Ball
- Wednesday, November 13, 2013
Markets bounced around a bit last week due to the continued volley between economic/earnings expectations and interest rate expectations. As a market observer, you must fully grasp this dynamic to translate daily volatility.
71. Commercial Real Estate Market Reawakens
- Saturday, November 09, 2013
After suffering through a prolonged slump, the Memphis commercial real estate market this year began to shake off the rust that gathered during the “Great Recession,” and brighter days could be ahead for the prime markets in the apartment, retail, office and industrial sectors, according to local experts.
72. FDA to Ban Artery-Clogging Trans Fats
- Friday, November 08, 2013
WASHINGTON (AP) – Heart-clogging trans fats have been slowly disappearing from grocery aisles and restaurant menus in the last decade. Now, the Food and Drug Administration is finishing the job.
73. ‘Hoarders’ Star Partners With ServiceMaster
- Friday, November 08, 2013
“Hoarders” television personality and Clutter Cleaner owner Matt Paxton met this week with ServiceMaster Clean and Restore franchisees and staff at the ServiceMaster Training Academy to discuss their newly formed partnership and examine hoarding, which has been officially listed as a mental disorder by the American Psychiatric Association.
74. Stocks March Into Higher Realm
- Wednesday, October 30, 2013
Found: New Highs!
Markets continued their record march this week as a tepid jobs report reinforced expectations for further Fed stimulus. In anticipation of “print it” Janet’s reign, the 10-year Treasury yield has frozen at 2.5 percent. With a valuation of 17x trailing operating earnings, S&P 500 earnings yield nearly 6 percent. Obviously 6 percent is more than 2.5 percent, making stocks more attractive than bonds. To wit, equity mutual funds have added $32 billion in assets since May 31, while bond mutual funds have shed $128 billion. The longer interest rate expectations remain anchored at low levels, the more enticing the gap between the earnings yield for stocks and the interest rate yields for bonds. This explains the continued push into record territory for the stock market. As rate increase fears abate, stocks escalate.
75. Chafetz Helps Businesses Navigate Financial Straits
- Saturday, October 26, 2013
When the economy took a swan dive five years ago, many companies found themselves on the bargain basement rack.
They weren’t all eager to be sold, however, nor were those flush with cash willing to immediately open the corporate pocketbook.
76. Chasing Growth
- Saturday, October 26, 2013
The pressure to show investors growth and a return is one of the most basic realities of operating as a public company.
And the three Memphis-based companies on this year’s Fortune 500 list are pressing forward on their own distinct paths toward satisfying that pressure.
77. Local Banks Raise Capital to Fund Growth
- Friday, October 25, 2013
When banks pass the hat, rounding up new capital from investors to finance future growth, it tends to be a sign those banks believe the economy is getting better.
Banks in Memphis that have been doing that of late include First Alliance Bank, which is in the midst of a capital raise now. First Alliance recently launched that capital raise in the form of a debt offering of up to $5.35 million.
78. MBI Anticipates Little Change Under New Owner
- Friday, October 18, 2013
With a new owner in place, Memphis Business Interiors (MBI) anticipates little change to its operations – but it does expect to grow.
New owner Rhonda Bradley said the only changes she has in sight for the 18-year-old office design firm are “adding new areas, strengthening service in areas we cover currently and growing in training and development of current employees.”
79. Fed: Growth Slows in Places on Shutdown Worries
- Thursday, October 17, 2013
WASHINGTON (AP) – The Federal Reserve said economic growth slowed in a few key regions of the United States from September through early October, as businesses grew worried about a budget impasse that led to a partial government shutdown.
80. Southern Airways Raising Capital for Growth
- Wednesday, October 16, 2013
Memphis-based carrier Southern Airways is raising a new round of capital to fund its plans for growth across the company’s five-state footprint.
Southern Airways Corp. chairman Stan Little said the next round of funding will help the company secure more aircraft, expand its routes and add other new resources. To date, funding came initially from private Mississippi investors, but the next level is being considered by a group of venture capitalists out of New York.
81. 3 US Economists Win Nobel for Work on Asset Prices
- Tuesday, October 15, 2013
STOCKHOLM (AP) – Three American professors won the Nobel prize for economics Monday for shedding light on how stock, bond and house prices move over time– work that's changed how people around the world invest.
82. Poll: Health Exchange Rollout Gets Poor Reviews
- Friday, October 11, 2013
WASHINGTON (AP) – The debut of the government's health insurance marketplaces drew a huge audience – and underwhelming reviews.
Just 7 percent of Americans say the rollout of the health exchanges has gone extremely well or very well, according to an AP-GfK poll.
83. Lessons of the Great Recession
- Thursday, October 10, 2013
Ray’s Take This last recession was a real wakeup call for everyone: once secure jobs evaporated, homes values were halved, retirement portfolios surrendered a decade’s worth of gains. It was a painful experience all around.
84. AP Survey: Sluggish Global Economic Recovery Ahead
- Wednesday, September 18, 2013
WASHINGTON (AP) – A robust recovery for the global economy remains well out of reach.
That's the view that emerges from a survey of economists just as the Federal Reserve is expected this week to reduce its stimulus for the U.S. economy.
85. First Horizon Copes With Customers’ Evolving Needs
- Thursday, September 12, 2013
First Tennessee Bank will celebrate its 150th birthday in March. Leading up to that milestone, the way the venerable institution’s customers are engaging with its products and services is in the midst of a radical transformation – something that’s been the case for the last few years but the pace of which now is accelerating, the chief executive of the bank’s parent company told analysts this week.
86. American Athletic Conference Ready for High-Exposure Start to Season
- Monday, August 26, 2013
The new American Athletic Conference kicks off Thursday night and nine of the league’s 10 teams play this weekend. ESPN will televise two of the games, other ESPN networks will carry another six games, and NBC will televise Temple at Notre Dame. It’s a high-exposure start for the league formerly known as the Big East.
87. Microsoft Says CEO Ballmer to Retire in 12 Months
- Monday, August 26, 2013
NEW YORK (AP) – Microsoft CEO Steve Ballmer, known as much for his zany personality as his business discipline, will leave a legacy of mixed results and a monumental challenge for his yet-to-be-named successor.
88. Nasdaq Breakdown Puts Pressure on Crisis Work
- Monday, August 26, 2013
WASHINGTON (AP) – The latest high-tech disruption in the financial markets increases the pressure on Nasdaq and other electronic exchanges to take steps to avoid future breakdowns and manage them better if they do occur.
89. Nasdaq Resumes Stock Trading After 3-Hour Outage
- Friday, August 23, 2013
NEW YORK (AP) – Trading on the Nasdaq stock exchange resumed Thursday after a three-hour halt caused by a technical glitch.
Other exchanges were operating normally.
Nasdaq trading resumed at 3:25 p.m. EDT after being halted shortly after noon because of problems with a quote dissemination system. The Nasdaq composite rose in afternoon trading.
90. My Taper Paper
- Wednesday, August 21, 2013
Last week, we discussed the recent upshift in the global economy. The next major moment for the market will occur on Sept. 18 when 65 percent of economists expect that the Fed will announce a “tapering” of its quantitative easing program. The movement in the 10-year Treasury bond interest rate confirms this expectation as rates have now climbed to 2.84 percent, up from 1.6 percent three months ago.
91. Christ Community Health Services Names Hollabaugh Development Director
- Wednesday, August 21, 2013
Bonnie Hollabaugh has joined nonprofit Christ Community Health Services, the largest primary care provider in Memphis, as director of development. Hollabaugh’s nonprofit development experience includes extensive work with Ronald McDonald House Charities of Memphis, Girls Inc. of Memphis and Hutchison School.
92. Slight Second-Quarter Uptick Bolsters Commercial Real Estate
- Saturday, August 17, 2013
Despite posting lower numbers in some sectors for the second quarter, due primarily to the departures of Pinnacle Airlines and Technicolor, the local commercial real estate market is faring well in 2013.
93. FDA Defining What "Gluten Free" Means on Packages
- Monday, August 05, 2013
WASHINGTON (AP) – A label that reads "gluten free" will now mean the same thing for all food, regardless of which kind you buy.
After more than a six-year delay, the Food and Drug Administration has set a new standard for labels that will make shopping easier for consumers on gluten-restricted diets. Until now, the term "gluten free" had not been regulated, and manufacturers made their own decisions about what it means.
94. Strategic Change Bolsters Flashlight Media
- Saturday, August 03, 2013
John Haun was happy working for Memphis-based sports agent Jimmy Sexton.
While Sexton focused on representing clients in contract negotiations, Haun was responsible for lining up marketing and endorsement deals for the company’s clients, including University of Alabama football coach Nick Saban.
95. Investors Look to Fed for Further Clues on Rates
- Wednesday, July 31, 2013
WASHINGTON (AP) – When the Federal Reserve offers its latest word on interest rates this week, few think it will telegraph the one thing investors have been most eager to know: When it will slow its bond purchases, which have kept long-term borrowing rates low.
96. Senate Set to Finish Work on Student Loan Deal
- Thursday, July 25, 2013
WASHINGTON (AP) – Borrowing for tuition, housing and books would be less expensive for college students and their parents this fall but the costs would start climbing almost immediately under a deal the Senate was poised to pass Wednesday.
97. First Horizon Posts Second Quarter Profit
- Friday, July 19, 2013
First Horizon National Corp. posted earnings per share of $0.17 for the second quarter – a “solid, but not great” period for the bank, in the words of one analyst.
98. Senators Ready to Restore Lower College Loan Rates
- Friday, July 19, 2013
WASHINGTON (AP) – A bipartisan compromise on student loans promises better deals for students and parents over the next few years but could spell higher rates as the economy improves.
The Senate deal pegs the interest rates on new loans to the financial markets and was expected to come to a vote next week, well before students returning to campus this fall had to sign their loan agreements.
99. House GOP Presses Delay in Health Care Law
- Thursday, July 18, 2013
WASHINGTON (AP) – House Republicans pressed ahead Wednesday on delaying key components of President Barack Obama's signature health care law, emboldened by the administration's concession that requiring companies to provide coverage for their workers next year may be too complicated.
100. Banks' Earnings Pop Masks Deeper Concerns
- Thursday, July 18, 2013
NEW YORK (AP) – Major U.S. banks have turned in big profit gains this season, but the news isn't all good.
Much of the earnings increase is coming from cutting costs, rather than growing their core lending businesses. A boom in mortgage refinancing looks like it's about to peter out. And regulators are considering stricter new rules that would force the banks to shore up their cash.