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Editorial Results (free)

1. Construction Lending Still Facing Tepid Improvement -

As the economy starts to rebound, local lenders like Magna Bank, First Tennessee Bank and Renasant Bank are seeing moderate improvement in activity for new commercial and residential construction projects, and competition is intensifying to land deals.

2. Police Changes Continue Amid Budget Talks -

With the start of the new year, Memphis Police Director Toney Armstrong began a reorganization of the department that changed the boundaries of the city’s nine police precincts, evening out the amount of territory and calls each area handles.

3. The New Beale -

Over the last four years, the next chapter in the development of Beale Street has been a stop-and-go affair. First would come announcements followed by silence from official channels.

Along with that silence, though, was quiet activity on the side, a movement that culminated with the March announcement of Memphis Mayor A C Wharton Jr.’s strategic planning committee’s report, “A Framework for Beale Street.”

4. Dollar General Quarterly Profit Rises, Traffic Improves -

GOODLETTSVILLE, Tenn. (AP) – Dollar General's fiscal fourth-quarter net income climbed 9 percent as more customers came in to its stores and shoppers spent more per transaction.

The discounter earned $317.4 million, or 97 cents per share, for the period ended Feb. 1. That compares with $292.5 million, or 85 cents per share, a year earlier. Excluding the acceleration of equity-based compensation and other items, earnings in the year-ago quarter amounted to 87 cents per share.

5. Berclair Dollar General Sells for Almost $1 Million -

3443 Jackson Ave., Memphis, TN 38122

Sale Amount: $971,000
Sale Date: March 14, 2013
Buyer: VM Property Investments LLC
Seller: Ware Properties LLC
Loan Amount: $679,700
Loan Date: March 14, 2013
Maturity Date: N/A
Lender: US Bank NA
Details: The 9,160-square-foot Dollar General store at 3433 Jackson Ave. in Berclair has sold for $971,000.

6. Berclair Dollar General Sells for Almost $1 Million -

The 9,160-square-foot Dollar General store at 3433 Jackson Ave. in Berclair has sold for $971,000.

VM Property Investments LLC of Sandy, Utah, bought the 2-year-old retail store from Ware Properties LLC, the Coldwater, Miss.-based company that developed the property.

7. Schools Merger Issues Moving on Several Fronts -

The schools merger issue is moving again on several fronts less than six months before the first school year of the consolidation begins.

The movement began with the release of a preliminary schools budget for the first year of the merger that shook many county and city schools parents out of the mindset that the merger would mean few changes at the school level.

8. Hart To Explore Schools Merger Delay -

Countywide school board member Tomeka Hart will offer a resolution at a school board meeting Monday, Feb. 18 that could call for a one year delay in the scheduled July 1 merger of the city and county school systems.

9. Let’s Make Public Notices Available to Everyone -

The issue of whether local governments should post public notices on their own internet website is a question that was discussed more than once in the Senate State and Local Government Committee during the 107th General Assembly.

10. Hopson Seeks $57 Million Owed Schools -

Interim Memphis City Schools superintendent Dorsey Hopson hopes to meet with Memphis Mayor A C Wharton Jr. next week about $57 million.

That is the amount of money the school system won in two court decisions – trial and appellate level – from the city while Hopson was general counsel to the school system.

11. School Board Asks For $145 Million Extra -

The countywide school board is asking the Shelby County Commission for $145 million in extra funding for the first fiscal year of the schools merger.

The “ask” is a preliminary number that goes to a county commission budget retreat scheduled for Feb. 23. It is extra funding beyond the $361 million county government currently provides both school systems.

12. Fred’s Says Sales Increase in January -

Fred's Inc. reported Thursday that an extra week helped its revenue for January, but results were more modest by comparison to the prior year on an adjusted basis.

13. Fred’s Says Sales Increase in January -

Fred’s Inc. reported Thursday that an extra week helped its revenue for January, but results were more modest by comparison to the prior year on an adjusted basis.

The general merchandise retailer said that its total revenue for January increased 31 percent to $173.6 million compared with $132.4 million in the four-week period of the prior year. But after eliminating the week that ended Feb. 2 of 2013 to make the period comparable to the prior year, its total revenue increased 2 percent for January.

14. State Budget Will Include Local Medical Community -

The two biggest capital spending items in Tennessee Gov. Bill Haslam’s state budget proposal are a $62 million renovation of the University of Tennessee Health Sciences Center in Memphis and a new $60 million Community Health Building at the University of Memphis.

15. Quince Fred’s Super Dollar Sells for $2.1 Million -

6500 Quince Road, Memphis, TN 38119

Sale Amount: $2.1 million

Sale Date: Jan. 18, 2013

16. Quince Fred’s Super Dollar Sells for $2.1 Million -

The recently opened fred’s Super Dollar store at 6500 Quince Road in East Memphis has sold for $2.1 million.

17. Due Process -

One at a time. That is the most noticeable change so far at Memphis-Shelby County Juvenile Court as a result of a landmark settlement in November with the U.S. Justice Department. The children before the court come before the court magistrates one at a time. No more groups of juvenile defendants waiting for their case to come up as other cases are being heard.

18. Gay Must be Traded Either Now or Later -

The time will come – after this season, if not before the Feb. 21 trade deadline – when moving Rudy Gay will be the only sensible thing for the Grizzlies’ new ownership to do.

Unless you’ve been living in a cave – or The Pyramid – you know that Rudy rumors are rampant. Pick a media outlet – from ESPN to Grantland to USA Today – and you can find any number of possible trade scenarios.

19. Crowne Plaza Hotel Sells Out of Foreclosure -

300 N. Second St. Memphis, TN 38103

Sale Amount: $9.4 million

Sale Date: Dec. 28, 2012

20. Heavy Price: Medicare Overpaying for Back Braces -

WASHINGTON (AP) – Internet sale price for a standard back brace: $99.99.

What Medicare pays for the item: $900-plus.

A federal report released Wednesday offers a look at how wasteful spending drives up health care costs as investigators found that Medicare paid $919 on average for back braces that cost suppliers an average of $191 each.

21. Memphis Goodwill Opens Oakland Store -

Memphis Goodwill Inc. opened a new Attended Donation Center in Oakland Monday, Dec. 10.

The 1,850-square-foot space was previously a Starbucks Coffee Co. in an outparcel of a Kroger-anchored shopping center at 7275 U.S. 64. It is Goodwill’s first donation center in Fayette County.

22. Dollar General’s Net Income Rises 21 Percent -

GOODLETTSVILLE, Tenn. (AP) – Dollar General Corp. said Tuesday that its fiscal third-quarter net income rose 21 percent, helped by strong demand for candy and snacks.

But the retailer said that while its sales over the Thanksgiving weekend and the start of the holiday shopping season were encouraging, it remains cautious about the rest of the year, noting that consumer spending remains tight.

23. Timely Delivery -

On Dec. 10 FedEx Corp. is expected to have its busiest day in the 40-year history of the global shipping company.

Each year, the corporation plots out the day when shipments across its portfolio of services are expected to reach their peak for the year, which always occurs during the holiday shopping season.

24. Dollar Stores Get Spruced Up; Deals Less Clear Cut -

NEW YORK (AP) – Ducking into a dollar store to pick up some a soda and bag of cookies might save you time and effort, but will you save any money?

Since the start of the downturn, major chains such as Dollar General Corp. and Family Dollar Stores Inc. have accelerated their growth by transforming stores with wider aisles, better lighting and more name brands. The result is that they're shedding their image as depots for misfit merchandise and pulling in a wider range of shoppers.

25. Consider a Family Limited Partnership -

Ray’s Take A Family Limited Partnership (FLP) can not only be a good idea for reducing estate taxes, it can also bring a number of other advantages.

26. Half-Penny For Their Thoughts -

FULL OF HOPE.

See the children. See them run.

See the children. See them play.

See the children. See them see.

See the children. See them learn.

See the children. See all that’s possible.

27. Jobs Push Made for State’s Veterans -

Hundreds of thousands of veterans will be coming home in the near future, as the U.S. downsizes its presence in the Middle East.

Many of those veterans will need jobs. And employers across Tennessee, with help from state government, are going on a major hiring push to put them to work.

28. Fred's to Open Two Super Dollar Locations -

Fred’s Super Dollar will celebrate 65 years of serving the Memphis area with the grand opening of two new stores at 8:45 a.m. Friday, Oct. 19.

Special offers and activities will be at both locations, one at 7965 E. Shelby Drive and another at 6500 Quince Road.

29. Wal-Mart to Accelerate Small-Store Growth -

NEW YORK (AP) – Wal-Mart is accelerating the expansion of small stores, particularly its Neighborhood Market stores, as it looks to compete with a variety of rivals from dollar stores to drug chains.

30. Early Results: Vesta Exceeds Expectations -

Don Glays, executive director of the Memphis Area Home Builders Association, has three words to describe how the past few days of the Vesta Home Show have performed:

“Beyond our expectations.”

31. Smith Sets $1.7 Billion Profitability Goal For FedEx Over Three Years -

FedEx Corp. has a goal of improving its annual profitability by $1.7 billion over the next three years and much of that improvement will come from cost reductions in the Memphis-based company’s Express and Services divisions.

32. Wal-Mart Tests Same-Day Delivery for Holidays -

NEW YORK (AP) – Wal-Mart is testing a same-day delivery service in select markets for customers who buy popular items online during the holiday shopping season.

The move comes as the world's largest retailer faces increasing competition from online giants like Amazon.com., which is testing same-day delivery service in 10 markets. The Bentonville, Ark.-based discounter is trying to cater to Web-savvy shoppers who are demanding more convenience.

33. Dollar General Shareholders to Sell 30 Million Shares -

GOODLETTSVILLE, Tenn. (AP) – Discount retailer Dollar General Corp. said Thursday that some of its shareholders plan to sell 30 million shares of its common stock in an underwritten secondary public offering.

34. No Shortcuts to Meeting Your Fundraising Goal -

Part one of a two-part series “Sadly, I have to report that I and we failed.” That is not a good message to have to deliver. But it is part of life. The above quote is from a report given by Robert D. Sweeney, senior vice president for development and public affairs to the University of Virginia board of visitors at its Sept. 14 meeting. Sweeney was reporting on the progress of the University’s $3 billion capital campaign.

35. Fred's Super Dollar to Open Winchester Store Friday -

Fred’s Super Dollar will have a grand opening of its new store at 7143 Winchester Road at 8:45 a.m. on Friday, Sept. 21.

36. Premiums for Family Health Plans Hit $15,745 -

WASHINGTON (AP) – Annual premiums for job-based family health insurance went up just 4 percent this year, but that's no comfort with the price tag approaching $16,000 and rising more than twice as fast as wages.

37. Dollar General Net Income Soars; Raises Outlook -

NEW YORK (AP) – Discount retailer Dollar General Corp. said Wednesday that its second-quarter earnings jumped 47 percent on a 10 percent increase in revenue and it raised its financial forecast for the year.

38. McDonald’s Buys Lamar Retail Center for $850,000 -

2342 Lamar Ave.
Memphis, TN 38114

Sale Amount: $850,000

Sale Date: Aug. 17, 2012

39. Raines Road Warehouse Sells for $2.3 Million -

4049 E. Raines Road
Memphis, TN 38118

Sale Amount: $2.3 million

Sale Date: Aug. 3, 2012

40. Dollar General Buys Elvis Presley Blvd. Store -

Retail Property Investments LLC, a subsidiary of Goodlettsville, Tenn.-based Dollar General Corp., has bought a newly built store on Elvis Presley Boulevard from the company that developed it.

41. IRS Missing Billions in ID Theft -

WASHINGTON (AP) – The Internal Revenue Service may have delivered more than $5 billion in refund checks to identity thieves who filed fraudulent tax returns for 2011, Treasury Department investigators said Thursday. They estimate another $21 billion could make its way to ID thieves' pockets over the next five years.

42. Shelby Crossing Retail Center Sells for $2M in Foreclosure -

6100 Macon Road
Memphis, TN 38134

Sale Amount: $2 million

Sale Date: July 13, 2012

43. Dollar General Buys Three New Stores -

Goodlettsville, Tenn.-based Dollar General Corp. has paid $3.2 million to buy three recently completed stores from Ware Properties LLC, the company that built them.

44. Dollar General to Sell $450 Million in Senior Debt -

GOODLETTSVILLE, Tenn. (AP) – Dollar General Corp. announced Wednesday that it is offering $450 million in senior notes due in 2017.

The discount retailer said it plans to use the proceeds, along with cash on hand and possible other borrowings, to redeem its outstanding senior unsubordinated notes.

45. Fair Expands One Source With New Broker, Listings -

For 15 years, One Source Commercial Inc. has been comprised of one agent: its founder, Rosemarie Fair.

46. $7.5 Million Permit App Filed for Fieldstone Apts. -

7986 Tournament Drive
Memphis, TN 38125

Permit Cost: $7.5 million

Permit Date: Applied May 2012

Owner: Fieldstone Apartments III Co.

Contractor: Patton & Taylor Construction Co.

47. ‘Reluctant Contingency Plan’ Gets Approval -

After tallying savings of $97 million by recommending outsourcing transportation and custodial work as well as closing 21 schools, the group planning out a consolidated countywide school system knew there was pain to follow.

48. Second Budget Vote Tops Agenda -

Memphis City Council members take the second of three votes Tuesday, May 15, on a city budget for the fiscal year that begins July 1 as well as a property tax rate for the fiscal year to come.

But the council is still weighing its options and gathering information through a budget committee that continues meeting Tuesday morning at City Hall.

49. Council Takes First Votes on City Budget -

Memphis City Council members take the first formal votes Tuesday, May 1, on a city budget and tax rate for the fiscal year that begins July 1. But the ordinances on the agenda come with no dollar amounts or tax rate at this point.

50. Unified Moves To East Pointe Biz Center -

An independent forensic engineering and investigations company has relocated its Mid-South Service Center to a more secure location.

Unified Investigations & Sciences Inc. has inked 8,565 square feet in East Pointe Business Center Building D, 3875 Vantech Drive. The Suwanee, Ga.-based tenant was previously located at 3955 Whitebrook Drive, where it serviced Arkansas, North Mississippi and West Tennessee.

51. Senate Seeks Ways to Save Ailing US Postal Service -

WASHINGTON (AP) – With big postal cuts looming, the Senate is deciding whether to stabilize the ailing U.S. Postal Service with a short-term cash infusion while delaying most decisions on closing post offices and ending Saturday mail delivery by requiring further review.

52. (Daily) Deal or No Deal? -

The anatomy of a deal has become a fascinating study these days among businesspeople, grappling as many of them do with coupons, daily deals, special offers – whatever magic ingredient will bring customers through the door.

53. Easing Access -

New federal regulations requiring chair lifts and other renovations to public swimming pools went into effect Thursday, March 15, but the tangle of new requirements is leaving many pool owners treading water while they wait for clarity on the rules.

54. Different Methods Yield RE Data Gaps -

The Memphis Area Association of Realtors began tracking home sales based on recorded dates instead of closing dates in January 2011, a method real estate information company Chandler Reports has been using when gathering data for its market reports since its founding in 1968.

55. Status Update: Facebook to Go Public, Raise $5B -

NEW YORK (AP) – Facebook made a much-anticipated status update Wednesday: The Internet social network is going public eight years after its computer-hacking CEO Mark Zuckerberg started the service at Harvard University.

56. STCC Takes Next Step In Nursing Bldg. Plans -

693 Union Ave.
Memphis, TN 38103

Permit Cost: $14.6 million

Project Cost: $18.2 million

57. Delta, Southwest News Could Bring Change to MEM -

Once again, there was a message about Memphis International Airport’s importance to Delta Air Lines in comments Delta’s leaders made this week when the company released year-end and fourth-quarter 2011 earnings figures for its global system.

58. Woodward Joins Crowded Primary -

A public meeting is about to begin, and within one minute of attendees’ arrival, they are handed campaign literature for rival candidates running in the same local primary.

It’s obviously the thick of political season.

59. Menke Says Chap. 11 Might Be 'Best Way' -

Pinnacle Airlines Corp. CEO Sean Menke told employees Friday, Jan. 20, that problems at the Memphis-based regional air carrier are worse than he originally thought.

60. Menke: Chap. 11 Might Be 'Best Way' for Pinnacle -

Pinnacle Airlines Corp. CEO Sean Menke told employees Friday, Jan. 20, that problems at the Memphis-based regional air carrier are worse than he originally thought.

61. Dollar General to Add More Than 6,000 New Jobs -

GOODLETTSVILLE, Tenn. (AP) – Dollar General Corp. plans to add more than 6,000 new jobs this year and open 625 new stores, which includes its first stores in California and Massachusetts.

62. Grizz Keep Roster Intact While Watching Funds -

It wasn’t all that long ago that virtually every deal the Memphis Grizzlies did was tagged with the phrase “financial considerations.” And when queried why the Grizzlies did a particular deal, Vice President of Basketball Operations/General Manager Chris Wallace answered, “cap space” – as in, room beneath the NBA’s salary cap to make further personnel moves.

63. TNC Sports Expands Product Mix, Space -

Part of the experience that often goes hand in hand with packing ballparks and swarming stadiums to watch two sports teams clash is the need to keep some memento of the occasion.

It could be an oversized foam glove frozen in the “We’re No. 1” gesture, a team jersey, brightly colored license plates or something as simple as a trading card. And that’s where Mike Stramel comes in.

64. New Regions Services Target Unbanked -

One of the biggest banks in the country is preparing to compete directly with payday lenders, check-cashing services and the like in an effort to reach consumers who don’t have a relationship with a traditional bank.

65. Dollar General 3Q Profit Up on Strong Nov. Sales -

GOODLETTSVILLE, Tenn. (AP) – Dollar General Corp.'s fiscal third-quarter profit rose 34 percent, helped by strong November sales as customers continued to seek out bargains heading into the holiday season.

66. Green Shoots -

As the local commercial real estate market approaches the end of 2011, experts say it appears to be in line with national fundamentals for secondary and tertiary markets.

Shelby County commercial sales in the third quarter were the highest sales volume since Q3 2007, with $259 million, according to real estate information company Chandler Reports, www.chandlerreports.com.

67. Arlington Pet Hospital Files $1.2M Permit For Expansion -

Construction plans for a new stand-alone space for a growing Arlington veterinary clinic are under way near its current shopping center space.

Samuel Garrett Davis, founder of Arlington Pet Hospital PLLC, has filed a $1.2 million building permit application with the city-county Department of Construction Code Enforcement for a 5,200-square-foot facility, complete with hospital boarding and grooming capabilities.

68. Venture Forth, Entrepreneurs -

As a general rule, when an entrepreneur is trying to obtain capital, first approaching family members and friends and then banks is the least “costly” approach. When attempting to work with a venture capitalist, the entrepreneur might have to give up more control, but typically ends up with much more to gain because working with venture capitalists opens the door to networking opportunities, new contacts and more access to additional funding.

69. White House to Review Energy Department Loans -

WASHINGTON (AP) — The White House on Friday ordered an independent review of clean-energy loans made by the Energy Department, its latest response to questions and criticism over a half-billion-dollar loan to a California solar company that eventually went bankrupt.

70. New Org. Dedicated to Hearing-Impaired Children’s Needs -

A new nonprofit organization is working to improve the literacy needs and communications skills of hearing-impaired children and their families in the Memphis area.

The Deaf Family Literacy Academy (DFLA) of Memphis, which has been in the pipeline for roughly two years, was founded with the financial support of Tennessee-based Dollar General, which wanted to fund a literacy program in Memphis and Shelby County.

71. Overton Park Conservancy Delivers Tentative Plan -

Memphis Mayor A C Wharton Jr. and City Attorney Herman Morris are examining a tentative management agreement for an Overton Park Conservancy to run the Midtown landmark that would remain under city of Memphis ownership.

72. $18.8M Loan Filed to Build Robinwood Retirement Community -

Construction Loan For Robinwood Retirement Community
Loan Amount: $18.8 million

Loan Date: Sept. 27, 2011

Maturity Date: Sept. 30, 2014, with conversion option that would extend maturity to Sept. 30, 2016

73. Mad at Bank Fees? Credit Unions Get Another Look -

NEW YORK (AP) – Credit unions are basking in the spotlight again.

Whenever a big bank rolls out a controversial fee, customers start fuming about taking their business elsewhere and the attention often falls on credit unions. That happened again last week when Bank of America said it would soon start charging customers a $5 monthly fee to make debit card purchases.

74. Greyhound Station Listed for $2.3M -

The Greyhound Bus Station in Downtown Memphis has been listed for sale by CB Richard Ellis Memphis for $2.3 million.

The intercity bus transportation hub is at 203 Union Ave., directly across from AutoZone Park and near one of Downtown’s busiest intersections.

75. Greyhound Station Listed for $2.3M -

The Greyhound Bus Station in Downtown Memphis has been listed for sale by CB Richard Ellis Memphis for $2.3 million.

The intercity bus transportation hub is at 203 Union Ave., directly across from AutoZone Park and near one of Downtown’s busiest intersections.

76. SEC Head Under Fire as Ex-Official Says he Got OK -

WASHINGTON (AP) – The head of the Securities and Exchange Commission is facing increased scrutiny from lawmakers after a former top commission official said he was cleared to work on how victims of Bernard Madoff's scheme should be compensated, even though he benefited financially from Madoff's scheme.

77. In the US, Two Housing Markets and Two Directions -

In America, it's starting to feel as if there are two housing markets. One for the rich and one for everyone else.

Consider foreclosure-ravaged Detroit. In the historic Green Acres district, a haven for hipsters, a pristine, three-bedroom brick Tudor recently sold for $6,000 – about what a buyer would have paid during the Great Depression.

78. Staying Afloat -

Compared to the overall U.S. construction landscape, Memphis’ position appears to be managing fairly well.

Within the last 10 months, the city has landed several heavy manufacturing projects – Electrolux, Mitsubishi Electric Power Products Inc. and Kruger Inc., to name a few – in a time when, nationally, the manufacturing sector is stagnant.

79. Obama Tax Proposal Worries Social Security Allies -

WASHINGTON (AP) – Some Social Security advocates fear that President Barack Obama's desire to cut taxes supporting the program will undermine its vaunted stature as a self-financing pension system that provides checks to retirees based on contributions they made while working.

80. No More Mail? What Would Ben Franklin Think? -

WASHINGTON (AP) – Imagine a nation without the Postal Service.

No more birthday cards and bills or magazines and catalogs filling the mailbox. It's a worst-case scenario being painted for an organization that lost $8.5 billion in 2010 and seems headed deeper into the red this year.

81. Certain Dollar General Holders to Sell 25M Shares -

NEW YORK (AP) – Certain Dollar General Corp. shareholders are selling 25 million shares of the discount store operator's stock.

82. Council Approves $500,000 for Overton Square Garage -

The Memphis City Council Tuesday, Sept. 6, approved a $500,000 allocation for design and engineering work on the Overton Square garage project. The garage, on the south side of Madison Avenue would provide parking as well as a water-detention basin for the area in and around the entertainment district.

83. City Council Gives Final Nod to Schools Consolidation Settlement -

With no debate, Memphis City Council members Tuesday, Sept. 6, gave the final approval necessary for the schools consolidation settlement to become a consent decree.

The council voted 12-0 to approve the settlement worked out by all sides in the federal lawsuit over schools consolidation. The settlement emerged from mediation sessions in court last month.

84. Ware Properties Building Dollar General in Raleigh -

Ware Properties LLC has filed a $912,000 construction loan through Sycamore Bank to build a Dollar General store at 3429 Ramill Road in Raleigh.

85. Villages at Harrison Creek Apts. Sell out of Foreclosure -

3855 Jackson Ave.
Memphis, TN 38128
Sale Amount: $3.9 Million

Sale Date: Aug. 26, 2011

86. Council Could Consider Schools Settlement -

Memphis City Council members take up the schools consolidation lawsuit settlement at their Tuesday, Sept. 6 sessions.

The meeting at City Hall, 125 N. Main St., begins at 3:30 p.m.

87. Outward Sound -

Over the next several months, Memphis music lovers will be outdoors frequently in anticipation of good company, a relaxing evening and great tunes.

And performers of all stripes and levels of success – from storytellers to Southern guitar gods to an orchestra pumping out the swinging sounds of the 1930s – will be on deck to give them all that and more.

88. Dollar General Brings in the Shoppers; Shares Jump -

GOODLETTSVILLE, Tenn. (AP) – Dollar General was able to lure more budget-conscious customers through its doors during the second quarter and it easily beat Wall Street expectations on both net income and revenue Tuesday.

89. Iowa Company Buys Countryside Center -

An Iowa company called Aerl LC has bought the Countryside Center strip mall on U.S. 64 from Countryside Center Partnership for $2 million.

Aerl bought the 36,112-square-foot, Class A retail center Aug. 9 from a partnership whose representatives include Vickie H. Thomas and Maurice B. Buring.

90. Wal-Mart Q2 Profit Up 5.7 Pct on Overseas Strength -

NEW YORK (AP) – Wal-Mart Stores Inc. posted a second-quarter profit increase of 5.7 percent on Tuesday and raised its outlook for the year as it benefits from international sales growth and cost cutting measures. But the world’s largest retailer was unable to stop a two-year sales slump at its Walmart stores in the U.S as customers continued to grapple with job security and other economic woes.

91. Wal-Mart's Q2 Results to Offer Consumer Clues -

NEW YORK (AP) – Wal-Mart Stores Inc., the world's largest retailer, is expected to announce Tuesday that its second-quarter profit rose with higher international sales and a focus on cutting expenses, but its earnings report also is likely to show weakness remains in its U.S. Walmart stores.

92. ABC Grant Applications Available to Arts Orgs -

Organizations seeking funding for artistic and culture projects are invited to apply for Arts Build Communities grants.

Grants are available for eligible organizations in Shelby, Fayette, Lauderdale and Tipton counties. Applicants must be state-recognized nonprofit organizations or government entities and must be able to provide a dollar-for-dollar match toward the proposed project.

93. Atlanta Investment Group Buys Holiday Inn Select -

5795 Poplar Ave.
Memphis, TN 38119
Sale Amount: $7.5 Million

Sale Date: July 19, 2011

94. Fred’s Super Dollar Gives $30K to Memphis Zoo -

After a month-long campaign, Fred’s Super Dollar awarded the Memphis Zoo with $30,000 on Wednesday, July 27.

The campaign to raise money for the zoo began with $1 “Panda Pals” in 148 stores in the Memphis area. This year’s donation brings the company’s total contribution to $662,000 through the “Panda Pals” program.

95. Quince Center Owner Files $4M Mortgage -

Red Mountain Asset Fund I LLC has filed a $3.98 million trust deed on the Quince Station Shopping Center at the southeast corner of Quince and White Station roads.

96. MCS Board Delays Special Meeting On School Funding Compromise - A special meeting of the Memphis City Schools board set for Friday evening has been postponed on the advice of the school system's attorney.

The meeting was a key element in a compromise in which the board would rescind its July 19 vote to delay the opening of schools Aug. 8.

97. MC Ionic Solutions US Begins Work on Fite Rd. Site -

2665 Fite Road
Memphis, TN 38127
Permit Amount: $1.3 million

Permit Date: Applied July 2011

98. ‘In This Together’ -

For some Memphis consumers, it’s a completely natural impulse to go out of the way to keep from going far away when there’s money to spend. Those particular consumers will run over a TCBY to get to YoLo, shove past a Starbucks to get their caffeine fix at Otherlands, Republic or Cafe Eclectic, hop over an IHOP to stand in line at Brother Juniper’s and dodge Dillard’s to suit up at shops like Oak Hall and James Davis.

99. Retail Sales Up Slightly in June After May Drop -

WASHINGTON (AP) – Consumers spent more on cars and in big chain stores in June but falling gas prices held back retail sales.

Retail sales rose a modest 0.1 percent last month, the Commerce Department said Thursday. That follows a 0.1 percent decrease in May, which was the first decline after 10 straight gains.

100. Mixed Data Show Economy Growing at Weak Pace -

WASHINGTON (AP) – A mixed slate of reports Thursday showed the economy is being held back by high gas prices and sluggish hiring.

Economists are forecasting a pick-up in growth in the second half of the year. But the latest data revealed only faint signs of a turnaround.