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Editorial Results (free)

1. Diamond-Roberts Merger Announces New Name -

The newly merged Diamond Cos. and Roberts Truck Center dealerships have settled on a new name and logo.

The new company will be called Summit Holdings and will do business as Summit Truck Group, Summit Bus and Summit Lease & Rental. The new Summit logo uses orange and grey lettering to represent the merger of the two family businesses.

2. Diamond-Roberts Merger Announces New Name -

The newly merged Diamond Cos. and Roberts Truck Center dealerships have settled on a new name and logo.

The new company will be called Summit Holdings and will do business as Summit Truck Group, Summit Bus and Summit Lease & Rental. The new Summit logo uses orange and grey lettering to represent the merger of the two family businesses.

3. Enterprise Holdings to Hire 11,000 -

ST. LOUIS (AP) – Enterprise Holdings told The Associated Press on Wednesday that it plans to hire 11,000 new workers by the middle of next year, thanks to the success of its trio of car rental companies.

4. Transportation Center Welcomes Rental Car Operations -

The first two floors of the new $90 million ground transportation center at Memphis International Airport officially opened for rental car business on Wednesday, March 6, marking the latest in a series of airport upgrades and renovations aimed at improving the traveling experience for millions each year.

5. Carpenter Leaves Ad Agency He Helped Found -

Doug Carpenter has sold his interest in the advertising firm carpenter | sullivan | sossaman to fellow managing principal Brian Sullivan for an undisclosed amount, the longtime friends and business partners told The Daily News on Tuesday.

6. Enterprise Rent-A-Car Building 10,000-Square-Foot Facility -

2424 Appling Road
Memphis, TN 38133
Permit Amount: $2.3 Million

Project Cost: TBA
Permit Date: Applied November 2008
Completion: Summer 2009
Owner: Enterprise Rent-A-Car
Tenant: Enterprise Rent-A-Car
Contractor: Chris Woods Construction Co. Inc.
Architect: Renaissance Group

7. Gov't May Soon Loosen Capital Restraints On Fannie, Freddie -

WASHINGTON (AP) - Fannie Mae and Freddie Mac are expected to get further financial leeway from the government, enabling the mortgage-finance companies to expand their roles in the stricken housing market.

8. Freddie's Chief Financial Officer Says the Company has Enough Capital to Make it Through 2008 -

WASHINGTON (AP) - Freddie Mac on Thursday said its loss widened to $2.5 billion in the fourth quarter of 2007 as mortgage defaults mounted and falling interest rates hurt certain investments.

9. Federal Regulator Lifts Limits on Mortgage Portfolios Held by Fannie Mae and Freddie Mac -

WASHINGTON (AP) - Fannie Mae and Freddie Mac will be allowed to expand their roles in the turbulent mortgage market even as worsening conditions in the housing sector punish the two companies.

10. Lawmakers Say Bigger Role for Fannie, Freddie Should Also Come with Tighter Gov't Oversight -

WASHINGTON (AP) - Senators on Thursday said Fannie Mae and Freddie Mac should play a bigger role in helping struggling homeowners even as they called for tighter oversight of the government-sponsored mortgage finance companies.

11. Democrats Compromise On Increase In Portfolio Caps -

WASHINGTON (AP) - Congressional Democrats have reached a compromise on allowing two government-sponsored mortgage companies to increase their debt holdings in an effort to help financially struggling homeowners.

12. White House Could Create Special Mortgage Market Adviser -

WASHINGTON (AP) - Top congressional Democrats called Wednesday for the Bush Administration to appoint an adviser to coordinate the federal government's response to mounting foreclosures around the country.

13. Freddie Mac Pays $50MTo Settle Charges -      Freddie Mac, the nation's second-largest financer of home mortgages, is paying a $50 million fine to settle civil securities fraud charges brought by federal regulators in a four-year accounting lapse.
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14. Regulators Ease Limits on Fannie’s, Freddie’s Mortgage Debt -

WASHINGTON (AP) - The government on Wednesday nudged higher the investment caps for home-loan finance companies Fannie Mae and Freddie Mac in an effort to alleviate strain in the mortgage market.

15. Mortgage Giants may not Provide Silver Bullet for Distressed Market, Experts Say -

WASHINGTON (AP) - Easing the investment constraints faced by Fannie Mae and Freddie Mac may not be enough to rescue homeowners and investors caught up in the mortgage market turbulence.

Shares of the government-sponsored home-loan financiers have surged in recent days on speculation that regulators will raise the amount of mortgage securities Fannie and Freddie can hold as investments. Mainstream Wall Street analysts believe such a move would ease the country's housing woes by injecting more cash into the market.

16. The Plot Thickens -

Shortly after losing the Democratic primary for a seat on the Shelby County Commission this past summer, Memphis businessman Joe Cooper left town to unwind and visit family members.

It had been a grueling campaign for the seat vacated by former Republican commissioner Bruce Thompson. Cooper, a former car salesman and well-known associate of the late Memphis billboard baron William B. Tanner, nevertheless decided to combine his family trip after the campaign with a little business.

17. Former Immigrant Among Out-of-Towners Buying Memphis Industrial Real Estate -

It's perhaps an understatement to say that Moshe Silagi, a Southern California developer who functions most of the time on less than six hours of sleep a night, loves the art of the real estate deal.

18. Archived Article: Newsmakers - Dr

Physician Selected to Chair Methodist Board

Dr. Richard Hollis was named chairman of Methodist Healthcares board of directors, marking the first time in the hospitals history a physician has been named board chairman. Hollis received a bach...

19. 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...

20. Archived Article: Market Briefs - Orgill Inc Orgill Inc., headquartered in Memphis, announced it has contracted with Florida-based Gemini Warehouse Inc. to handle Orgills international export logistics and consolidation operations in Jacksonville and Miami, Fla. Both locations have ...

21. Archived Article: Real Review - Real Estate Review 10-05-99 Real Estate Review 10-05-99 Construction is underway on a 50,000-square-foot office building for Airborne Express at 3474 Winchester Road, according to Shelby County Construction Code Enforcement records. The $2.1 million...

22. Archived Article: Real Briefs - Weingarten buys 3 properties in Weingarten Realty Investors, a Houston-based real estate investment trust, announced it has bought three industrial properties in Memphis, totaling about 680,000 square feet, from Equitable Life Assurance Society. The...

23. Archived Article: Real Review Lj - lj 10/5 cates Market commentary. Last week, interest rates on 30-year, fixed-rate conventional and government loans remained near unchanged. Last weeks two- and five-year Treasury auctions were met with lackluster response from investors, according ...