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Editorial Results (free)

1. US Consumer Spending Up 0.4 Percent in June -

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.

2. US Manufacturing Expands Again in July -

WASHINGTON (AP) — US manufacturing expanded for the 14th straight month in July in a good sign for the overall economy.

The Institute for Supply Management, a trade group of purchasing managers, reported Friday that its manufacturing index rose to 57.1, highest level since April 2011 and up from 55.3 in June.

3. US Manufacturing Expands Again in July -

U.S. manufacturing expanded for the 14th straight month in July in a good sign for the overall economy.

The Institute for Supply Management, a trade group of purchasing managers, reported Friday that its manufacturing index rose to 57.1, highest level since April 2011 and up from 55.3 in June.

4. More Vigorous US Economy Appears to Be Emerging -

WASHINGTON (AP) — The U.S. economy has rebounded with vigor from a grim start to 2014 and should show renewed strength into next year.

That was the general view of analysts Wednesday after the government estimated that the economy grew at a fast 4 percent annual rate in the April-June quarter. Consumers, businesses and governments joined to fuel the second-quarter expansion. The government also said growth was more robust last year than it had previously estimated.

5. US Consumer Confidence Jumps to 90.9 in July -

WASHINGTON (AP) — U.S. consumers are more confident about the economy than they have been in nearly seven years.

The Conference Board said Tuesday that its confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. The July reading is the highest since October 2007, two months before the Great Recession officially began.

6. Centennial Crossing Parcels Sell for $3.4 Million -

Two parcels in the Centennial Crossing shopping center in Southeast Shelby County have sold for $3.4 million following foreclosure.

An entity called 7915 Winchester Road Holdings LLC, which is an affiliate of CWCapital Asset Management LLC, bought 7915 Winchester Road and an outparcel of the center in a July 25 substitute trustee’s deed from R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.

7. New Life for Old Malls -

Since 1957, when the first modern, fully enclosed shopping mall was built in Edina, Minnesota, shopping became an American pastime. New shopping malls changed the landscape in communities across the country at the rate of 140 a year.

8. Lot Shortage Poses Next Roadblock -

Local homebuilders say a dearth of developed lots is slowing down the new housing rebound, weighing down an industry still trying to drag itself out of the rubble left by the worst recession in decades.

9. Wal-Mart Names New CEO of US Discount Division -

NEW YORK (AP) – Wal-Mart is replacing the chief of its U.S. discount stores in what could be an indication that it's losing confidence that its largest business unit will rebound after more than a year of disappointing results.

10. Knowledge Tree Buys Cordova Retail Center -

8195 Dexter Road
Memphis, TN 38016
Sale Amount: $1.3 million

Sale Date: July 8, 2014
Buyer: K Tree LLC
Seller: 8195 Dexter Road LLC
Loan Amount: $1.5 million
Loan Date: July 11, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of the Knowledge Tree learning center has paid $1.5 million for the 28,575-square-foot shopping center at 8195 Dexter Road in Cordova.

11. Gauge of US Economy Rises 0.3 Percent in June -

A gauge designed to predict the economy’s future health increased in June for a fifth consecutive month, supporting the view that economic growth should accelerate in the second half of this year.

12. First Horizon Reports Positive Quarter -

For the second quarter of its 150th anniversary year, the Memphis-based parent company of First Tennessee Bank reported growth in profit as well as increases in loans, while continuing to reduce the drag of the mortgage business the company sold in 2008.

13. US Unemployment Aid Applications Drop -

The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market.

Weekly applications for unemployment aid dipped 3,000 to a seasonally adjusted 302,000, the Labor Department said Thursday.

14. Microsoft Cutting 18,000 Jobs, Signals New Path -

LOS ANGELES (AP) – Microsoft announced the biggest layoffs in its history Thursday, saying it will cut 18,000 jobs as it streamlines its Nokia mobile device business to focus on using the Windows Phone operating system.

15. US Unemployment Aid Applications Drop to 302,000 -

The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market.

Weekly applications for unemployment aid dipped 3,000 to a seasonally adjusted 302,000, the Labor Department said Thursday.

16. Ehrhart Touts Liberty Bowl to SEC Schools -

HOOVER, Ala. – Steve Ehrhart has work to do.

The 56th AutoZone Liberty Bowl isn’t until Dec. 29, but the bowl’s executive director knows the time is now to make his case to SEC athletic directors.

17. City Council Turns Again to Benefits Discussions -

Memphis City Council members won’t take any major votes Tuesday, July 15, on city employee benefits.

But the controversial topic will likely dominate much of another council day at City Hall. The council is in the gap between its approval of health insurance changes in June and an October vote on the companion proposal to change city employee pension plans for new hires and those with less than 10 years of service.

18. Dance Teacher Spreads Love of Dance From Cordova -

Arman Sahakyan, born in Armenia’s capital city of Yerevan, started taking dance classes as a 6-year-old.

Fast forward almost three decades, and today the 33-year-old remains committed to dance as an art form – only now he’s also spreading that enthusiasm to others as the owner of Dancing With Arman, a dance studio in Cordova.

19. Fed No. 2 Fischer Says Care Needed to Avert Crisis -

WASHINGTON (AP) – The Federal Reserve's new No. 2 official says regulators must continue to work to end the need for the government to bail out big banks in a crisis. Stricter capital requirements, rather than breaking up the biggest banks, is the better remedy, he says.

20. We’re All Invited -

MEMPHIS, SERVED IN THE SHELL. Following up last week’s column, this from a reader:

“We have no civic pride, half the population is intent on killing as many as they can and the other part lives behind walls or gates. There was a time in the fifties when you could leave your front door unlocked and keys in the car.”

21. Fed Split on Signals for First Rate Increase -

WASHINGTON (AP) – Federal Reserve officials had differing views in June on the best way to signal to financial markets when they might raise a key short-term interest rate. They were in broad agreement, however, that they will likely announce an end to their monthly bond buying program in October.

22. US Companies Post Most Jobs in 7 Years in May -

WASHINGTON (AP) – U.S. employers advertised more jobs in May than in any month in the past seven years, a sign that this year's strong hiring trend is likely to continue.

More Americans also quit their jobs, a good sign because it usually occurs when workers find new and higher-paying jobs. It also opens up more positions for those out of work.

23. Cushman & Wakefield Adds Yates to Capital Markets Team -

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.

24. US Trade Deficit Drops to $44.4 Billion in May -

WASHINGTON (AP) – The U.S. trade deficit fell in May as U.S. exports hit an all-time high, helped by a jump in exports of petroleum products. Imports dipped slightly.

The trade deficit narrowed 5.6 percent in May to $44.4 billion after hitting a two-year high of $47 billion in April, the Commerce Department reported Thursday.

25. Medical Device Accelerator Prepares for Demo Day -

Teams participating in ZeroTo510, Memphis’ medical device accelerator program, are gearing up to show the new technologies they’ve devised to investors in a bid for follow-on funding next month.

ZeroTo510’s Demo Day, happening Aug. 14, represents the culmination of the program.

26. Two Centennial Crossing Parcels Face Foreclosure -

The owners of two parcels in the Centennial Crossing shopping center in Southeast Shelby County have defaulted on a loan and are facing foreclosure.

MLC Investors LLC (56.08 percent interest), EJP Investors LLC (38.71 percent) and EK Investors LLC (5.21 percent interest) defaulted on their $5.8 million loan through IXIS Real Estate Capital Inc. dated Nov. 17, 2006, according to a first-run foreclosure notice in the Tuesday, July 1, edition of The Daily News.

27. Timing Key Element of County Tax Rate Debate -

More funding from Shelby County government for prekindergarten classrooms is a matter of timing, say those on both sides of the property tax rate question on which the $2.8 million in additional funding hinges.

28. Council Moves Toward Pension Changes -

Two weeks after approving changes in health insurance plans for city employees and retirees, the Memphis City Council meets Tuesday, July 1, to talk over a companion set of changes to the city’s pension plan for employees.

29. Paragon Bank Celebrates Record 2013 -

At Paragon Bank’s annual shareholders’ meeting this month, the bank’s leadership team could be forgiven for brimming with confidence.

30. Barnes & Noble to Separate Retail, Nook Media -

NEW YORK (AP) – Barnes & Noble hopes to survive by splitting in two.

The largest U.S. brick-and-mortar bookseller, beset by tough competition from online retailers like Amazon and discount stores like Wal-Mart, said Wednesday that it plans to split off its Nook e-reader division as it looks to boost shareholder value.

31. Economy Shrank at Steep 2.9 Percent Rate in First Quarter -

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.

32. New Nonprofit Charts Role in Blight Fight -

The bulldozer went straight for the leasing office of the former Spanish Oaks apartments on Cazassa Road near Memphis International Airport.

Meanwhile another bulldozer across the two-lane road was deep into demolishing a set of buildings in the old Winchester Park apartments.

33. Fewer Americans Apply for Jobless Aid -

Fewer Americans sought unemployment benefits last week, as the number of people collecting jobless aid fell to its lowest level in more than six years.

The Labor Department said Thursday that weekly applications for unemployment benefits fell 6,000 to a seasonally adjusted 312,000. The four-week average, a less volatile measure, declined to 311,750.

34. New Push to Get Girls Into Computer Sciences -

MOUNTAIN VIEW, Calif. (AP) – Diana Navarro loves to code, and she's not afraid to admit it. But the 18-year-old Rutgers University computer science major knows she's an anomaly: Writing software to run computer programs in 2014 is – more than ever – a man's world.

35. Fewer Americans Apply for Jobless Aid -

Fewer Americans sought unemployment benefits last week, as the number of people collecting jobless aid fell to its lowest level in more than six years.

The Labor Department said Thursday that weekly applications for unemployment benefits fell 6,000 to a seasonally adjusted 312,000. The four-week average, a less volatile measure, declined to 311,750.

36. Heart of Park Advances as Shelby Farms Parkway Stalls -

Within the space of a few days this month, the Shelby Farms Park Conservancy formally broke ground on the park’s $70 million Heart of the Park project and then its leaders watched as the Memphis City Council delayed the Shelby Farms Parkway project for a year.

37. Long Council Day Comes With Change, Emotions -

It was apparent early in the long council day Tuesday, June 17, at City Hall that there wouldn’t be many amendments to the $600 million operating budget and $84 million capital budget the council would approve later that evening.

38. Back on Track -

Two major Downtown projects that suffered setbacks after the real estate market seized up when the recession battered the economy are poised for a comeback.

Real estate experts and Downtown officials say the prospects for the Horizon on the southern end of Downtown and One Beale at Beale Street and Riverside Drive appear promising.

39. Council Approves Budgets, Stable Tax Rate, Health Insurance Changes -

Memphis City Council members approved a $600 million operating budget and an $84 million capital budget Tuesday, June 17, for the city government fiscal year that begins July 1.

And the council gave final approval to larger changes to employee and retiree health insurance plans designed to make long term changes necessary to right the city’s financial condition.

40. Partners Drive Startup Ecosystem -

Building startups is tough work that requires the engagement of money, mentorship and professional support.

Back before there were incubators, accelerators and formal platforms to systematically assist startup companies, there were critical trusted advisers in the community to help guide entrepreneurs as they started up. Those advisers were local bankers, lawyers, marketers, accountants and others where entrepreneurs could turn for support and guidance. While new startup infrastructures have sprung up to provide knowledge, capital and other resources, professionals continue to be the backbone driving entrepreneurial growth.

41. County Budget Season Not Over Yet -

The Shelby County Commission defeated two competing versions of the county property tax rate for the new fiscal year on the second of three readings Monday, June 16.

But they both advance to third and final readings when the commission meets in July.

42. Check, Please: Priceline Buys OpenTable for $2.6 Billion -

NEW YORK (AP) – Priceline has negotiated a $2.6 billion entree into the restaurant business.

The global travel booking king announced Friday it is acquiring the OpenTable Inc. in a deal that would put Priceline into a new business doing for restaurant reservations much what it does for hotel bookings.

43. US Retail Sales Rose 0.3 Percent in May -

WASHINGTON (AP) – U.S. retail sales rose modestly in May as consumers turned cautious in their spending. But the weaker-than-expected growth is unlikely to derail stronger overall results in the second quarter.

44. Council Weighs Timeline for Key Votes -

The Memphis City Council’s vote later this month on health insurance changes for city employees and retirees is critical in terms of increasing the city’s annual required contribution toward its unfunded pension liability.

45. Judicial Campaigns Get Testy With Endorsements -

Some of the reticence about political combat that defines local nonpartisan judicial elections is beginning to wear thin with a little more than a month until the start of early voting for the Aug. 7 elections.

46. How to Sabotage Your Fundraising -

Fundraising is about asking for money. That’s the common perception. But is it the truth?

Here’s what we have learned from our extensive work with nonprofit organizations, colleges and universities, individual donors, program officers and foundation executives: Fundraising is about much more than asking for money.

47. Cohen Challenges Haslam on Medicaid Expansion -

U.S. Rep. Steve Cohen says the city’s fair share of federal funding for rape kit backlogs is $1 million.

48. Survey: US Companies Added 179,000 Jobs in May -

WASHINGTON (AP) – U.S. businesses pulled back on hiring in May, adding the fewest jobs in four months, a private survey showed.

Payroll processer ADP said Wednesday that private employers added 179,000 jobs last month, down from 215,000 in the previous month. April's figure was revised slightly lower. Still, the gain in May was in line with the ADP's average monthly hiring figures for the past 12 months.

49. Budget Changes Include Cooper-Young Garage -

A Cooper-Young parking garage and a pool of capital funding divided equally among the seven Memphis City Council districts are the two biggest ticket items in the way of still-tentative budget amendments proposed by council members.

50. Council Begins Decisions on City Financial Changes -

Memphis City Council members took the first steps Tuesday, June 3, toward major changes in pension benefits for city employees and began delving into the details of even broader changes in health insurance coverage for city employees and retirees.

51. Luttrell, Malone Clash on Pre-K Expansion -

The top two contenders for Shelby County mayor had the closest thing yet to a debate Monday, June 2, on budget priorities.

Shelby County Mayor Mark Luttrell and his Democratic challenger, former County Commissioner Deidre Malone, didn’t address each other directly.

52. Commission Approves Budgets and Dueling Tax Rates Without PreK Amendment -

Shelby County Commissioners signed off Monday, June 2, on a $1.1 billion consolidated operating budget for all of Shelby County government as well as a $75 million capital budget, both for the fiscal year that begins July 1.

53. Perkins Hotel Sells After Foreclosure -

2700 S. Perkins Road
Memphis, TN 38118
Sale Amount: $2.2 million

Sale Date: May 23, 2014
Buyer: HC Memphis LLC
Seller: Douglas M. Alrutz, successor trustee
Details: The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.

54. Council to Discuss Retirement Plan Changes -

Memphis City Council members begin moving Tuesday, June 3, toward the first of three votes on a quartet of ordinances that would fundamentally change health care and pension benefits for city employees.

55. Consumer Spending Down 0.1 Percent in April -

U.S. consumers cut back on spending in April for the first time in a year, taking an unexpected pause after a big jump during the previous month. The results, however, are unlikely to derail an expected spring rebound in the economy.

56. Perkins Hotel Sells After Foreclosure -

The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.

57. Commission to Vote on Budget, Tax Rate -

Shelby County Commissioners take final votes Monday, June 2, on a $1.1 billion operating budget and a $75 million capital budget for Shelby County government, and the first of three votes on a new property tax rate for the fiscal year that begins July 1.

58. FedEx, International Paper Join Buyback Trend -

Recent stock repurchases by major U.S. corporations since the recession are a financial fact of life and the city’s best known publicly-held companies are no exception to the practice that can have multiple motives as well as multiple effects.

59. Change on Tap for Many Local Public Companies -

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.

60. Get Real -

NASHVILLE, THE CAPITAL OF Q. WHO KNEW? Last week – in a move I equate with Russian forces massing along our eastern border – Travel + Leisure ranked Nashville as America’s #1 city for barbecue.

61. Medical Makeover -

After suffering from years of benign neglect, a new, more invigorated Memphis Medical Center is finally beginning to take shape.

A drive or walk around the area these days shows the hallmarks of a changing landscape – bulldozers, backhoes, cranes and construction crews working feverishly to forge the new urban environment.

62. Grants Prove Bioworks is Delivering Good Results -

One grant is good. Two grants are better.

In 2012, Memphis Bioworks received a grant from the U.S. Environmental Protection Agency’s Environmental Workforce Developmental and Job Training Program (EWDJT). The $300,000 grant issued provided training for 110 persons, 65 of whom already have been placed in full-time jobs.

63. US Home Sales Rose 1.3 Percent in April -

WASHINGTON (AP) – Sales of existing U.S. homes rebounded slightly in April, but the pace of buying remained below last year's level.

The National Association of Realtors said Thursday that sales rose 1.3 percent from March to a seasonally adjusted annual rate of 4.65 million. Purchases of homes over the past 12 months have dropped 6.8 percent.

64. Council Hesitates Over Fire Recruit Class Funding and Charter Restrictions -

Memphis City Council members discussed a new recruit class Tuesday, May 20, for the Memphis Fire Department that is not in Memphis Mayor A C Wharton Jr.’s budget proposal.

But council members voted down a plan to come up with the $1.7 million for the class of 100 fire recruits from a $3 million cut in the line item for fire department sick leave, proposed by council member Kemp Conrad.

65. Selling to Connected Buyers -

First in a two-part series. The buying experience has been completely reinvented over the last decade, and companies slow to adapt are losing revenue and market share as a result.

A 2011 Sales Executive Council study showed 57 percent of the buying process is completed before a prospect even makes contact with a sales rep. We now live in a world built predominantly of connected buyers whose minds are almost made up before they choose to interact with a member of your team, as most of the desired information is at their fingertips, day or night. If they make contact, buyers don’t distinguish between a customer service and sales rep, as they see them as one in the same.

66. Darden to Sell Red Lobster, Hold Onto Olive Garden -

NEW YORK (AP) – Darden is setting Red Lobster adrift, but betting that it can still turn around Olive Garden's fortunes.

The company, which is based in Orlando, Florida, said Friday that it would sell its seafood chain and the accompanying real estate to investment firm Golden Gate Capital in a $2.1 billion cash deal. The announcement came despite objections from some shareholders to the plan to separate Red Lobster, which was announced late last year.

67. Trustmark Regional President Reflects on Future -

When yours is a bank that’s traditionally had a suburban footprint, moving inside the Interstate 240 loop to open a new regional headquarters is the kind of thing that makes a statement.

Trustmark’s newly opened regional headquarters, at 5350 Poplar Ave. in East Memphis, was an attempt to do just that. It came after Gene Henson, the bank’s Memphis region president, had been hunting for such a space for years – for pretty much the entirety of his time in Memphis, actually.

68. US Retail Sales Rise a Scant 0.1 Percent in April -

WASHINGTON (AP) – U.S. retail sales growth slowed in April, with consumers shopping less online and cutting back on purchases of furniture and electronics.

The Commerce Department said Tuesday that seasonally adjusted retail sales rose just 0.1 percent last month, after surging 1.5 percent in March following a harsh winter that had curtailed shopping.

69. Commission Approves Compromise $52.1 Million in Schools Capital Funding -

Shelby County Commissioners approved Monday, May 12, an immediate infusion of $52.1 million in capital funding for Shelby County Schools and the six suburban school systems.

The compromise resolution worked out with leaders of the suburban school systems includes $4.8 million in capital projects at five of the six suburban school systems. It also keeps the $47.3 million in capital projects for Shelby County Schools a majority on the commission recommended in committee sessions last week. The Shelby County Schools list includes a new roof for Millington Central High School which is in the sixth of the six suburban school systems.

70. Life Church Buys Victory Campus for $4.4 Million -

255 N. Highland St.
Memphis, TN 38111
Sale Amount: $4.4 million

Sale Date: May 2, 2014
Buyer: The Life Church of Memphis Inc.
Seller: SignificantPsychology LLC
Loan Amount: $3.8 million
Loan Date: May 2, 2014
Maturity Date: May 5, 2019
Lender: Triumph Bank
Details: The Life Church of Memphis has paid $4.4 million for the former Victory University campus at 255 N. Highland St.

71. Postal Service had $1.9 Billion Quarterly Loss -

WASHINGTON (AP) – The U.S. Postal Service reported a $1.9 billion loss for the first three months of this year and pleaded again Friday for reforms to its troubled financial system.

The agency said the loss for the quarter that ended March 31 matched the $1.9 billion in red ink in the same period last year and marked the 20th time of the last 22 quarters that it posted a loss.

72. Being Social Entrepreneurs -

There is a lot of talk these days about social entrepreneurs and social ventures but not a lot of clarity around what this really means.

It seems the term is just a new spin on not-for-profits, a new label for startup organizations that focus on social issues. However, there is a big difference – social ventures can be for-profit or nonprofit in their structure.

73. Technology Keeps Hatcher’s Landscape Business Booming -

Whether it was pagers, two-way radios, fax machines or the Internet, Michael Hatcher has always been quick to embrace technological advances as a way to help grow his small business, the landscaping firm Michael Hatcher & Associates Inc.

74. Commission Votes on Schools Funding -

Shelby County Commissioners vote Monday, May 12, on $47.3 million in immediate capital funding for Shelby County Schools in a decision that pits a majority on the commission against County Mayor Mark Luttrell.

75. First Horizon Names Corporate Treasurer -

Memphis-based First Horizon National Corp. has promoted Dane Smith to executive vice president and corporate treasurer, replacing Thomas Adams Jr., who’s retiring.

76. IronHorse Makes New Hire, Launches Mutual Fund -

Memphis-based investment firm IronHorse Capital Management has hired a managing director for national sales, a new hire that comes at the same time as the firm has launched its first mutual fund product.

77. The Market Whisperer -

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.

78. Fannie, Freddie Post Solid Earnings for First Quarter -

WASHINGTON (AP) – Government-controlled mortgage financers Fannie Mae and Freddie Mac posted solid earnings for the January-March period as the U.S. housing market continued to recover. Gains over recent quarters have enabled the companies to fully repay their taxpayer aid after being rescued by the government in 2008.

79. First Horizon Names Corporate Treasurer -

Memphis-based First Horizon National Corp. has promoted Dane Smith to executive vice president and corporate treasurer, replacing Thomas Adams Jr., who’s retiring.

80. Congress Considers Bill for Women's History Museum -

WASHINGTON (AP) – Citing history textbooks, national parks and landmarks that mostly leave women out, lawmakers Wednesday are reviving a long-stalled effort to create a National Women's History Museum in the nation's capital.

81. Bank Buys Magic Apparel Facility After Foreclosure -

An affiliate of EverBank Financial Corp. has paid $1.1 million for the Magic Apparel warehouse at 4361 Shelby Air Drive in Oakhaven following a foreclosure.

82. Tower Facelift -

One of Memphis’ most recognizable office buildings, occupying a prime piece of commercial real estate on Poplar Avenue in East Memphis, is getting a makeover.

Rosemont Realty LLC is investing around $400,000 to update the 24-story i-bank Tower at 5050 Poplar Ave. The 275,634-square-foot building, built in 1967 by pioneering developer William B. Clark Sr. and formerly known as White Station Tower, includes the signature round top floor, which once housed a rotating restaurant.

83. Data Breaches: A New Source of Worry for CEOs -

NEW YORK (AP) – Add hackers to the long list of things that give CEOs insomnia.

Target's chief executive, Gregg Steinhafel, is the first boss of a major corporation to lose his job over a theft of customer data. His exit from the helm of the nation's second-largest retailer on Monday shows that –in addition to guiding company strategy and keeping Wall Street happy with ever-growing profits– today's chief executives are being held responsible for lapses in computer security.

84. Suburban Schools Seek Share of $50 Million -

The leaders of Shelby County’s seven school systems are expected to make their cases before the Shelby County Commission Wednesday, May 7, for $50 million in capital funds the county set aside for the current fiscal year.

85. Entrepreneur Day Spotlights Power of Innovation -

Already in recent weeks, Moziah “Mo” Bridges, the 12-year-old founder of the Memphis-based Mo’s Bows bow tie business, has appeared on the hit ABC show “Shark Tank.”

If the exposure alone wasn’t enough, Bridges also impressed fashion mogul and “Shark Tank” panelist Daymond John into offering to mentor him.

86. Germantown School Board Approves Budget Without Shared Services -

The Germantown Municipal Schools board approved Monday, May 5, a tentative $47.1 million budget for the coming fiscal year and school year that includes the school system opting out of shared services with other municipal school districts for in-house nutrition services, purchasing services and employee benefits services.

87. Target's Chairman and CEO Out in Wake of Breach -

NEW YORK (AP) – Target's massive data breach has now cost the company's CEO his job.

Target announced Monday that Chairman, President and CEO Gregg Steinhafel is out nearly five months after the retailer disclosed the breach, which has hurt its reputation among customers and hammered its business.

88. Buffett Defends How He Runs Berkshire Hathaway -

OMAHA, Neb. (AP) – Warren Buffett remains confident in the long-term future of his company, and on Monday he again defended the quiet way he handled his objections to Coca-Cola's compensation plan.

89. Hedgemoor Square Sells for $3.6 Million -

375 N. Graham St.
Memphis, TN 38117
Sale Amount: $3.6 million

Sale Date: April 30, 2014
Buyer: Summit Hedgemoor Square Apartments LLC
Seller: Hedgemoor Square Apartments GP
Loan Amount: $2.7 million
Loan Date: April 30, 2014
Maturity Date: N/A
Lender: Pulaski Bank

90. Rudd Charts Path at University of Memphis -

The incoming president of the University of Memphis should name his provost or chief academic officer this week as he prepares to take office May 16.

M. David Rudd was appointed president of the city’s largest institution of higher learning last week by the Tennessee Board of Regents.

91. Start Co. Launches ‘Summer of Acceleration’ -

This summer, Downtown Memphis is entrepreneur central. For the first time, Memphis’ venture development organization Start Co. will be running all of its startup accelerators at the same time.

92. Buffett May Face Questions About Performance -

OMAHA, Neb. (AP) – Warren Buffett's failure to beat the stock market in four of the past five years has raised the issue of whether Berkshire Hathaway's 83-year-old CEO has lost his touch.

93. Lamar Avenue Citgo Sells for $975,000 -

The Citgo gas station and convenience store at 4941 Lamar Ave., at the corner of Lamar and East Shelby Drive, has sold for $975,000.

94. US Consumer Confidence Dips in April -

WASHINGTON (AP) – U.S. consumer confidence fell in April over concerns about hiring and business conditions, even though many people foresee a strengthening economy in the months ahead.

95. Schools Wish List Comes to $51 Million -

Shelby County Commissioners take their first budget vote next month on a $51 million capital list for Shelby County Schools in the current fiscal year.

And the recommendation from the administration of Shelby County Mayor Mark Luttrell to the commission in committee sessions next week might not be the same wish list submitted by Shelby County Schools leaders and approved by the school board earlier this month.

96. AP Survey: China's Lending Bubble a Global Threat -

WASHINGTON (AP) — Just as the global economy has all but recovered from debt-fueled crises in the United States and Europe, economists have a new worry: China. They see a lending bubble there that threatens global growth unless Beijing defuses it.

97. Venture Investments Highest Since 2001 -

Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into a growing number of deals, according to a report due out Friday.

98. First State Bank Given SBA Lending Honor -

First State Bank has been named the 2013 Small Business Administration Community Bank of the Year for Tennessee.

99. Trustmark Corp. Reports Strong Q1 -

Trustmark Corp. had a strong start to 2014.

The parent company of Trustmark Bank reported net income of $29 million in the first quarter, up 13.2 percent compared to one year earlier. Trustmark president and CEO Gerard Host said the quarter’s results, coupled with its profitability and strong capital base, mark a positive start to its 125th year in business.

100. A Fading Middle-Class Perk: Lower Mortgage Rates -

WASHINGTON (AP) – For three decades, the U.S. middle class enjoyed a rare financial advantage over the wealthy: lower mortgage rates.

Now, even that perk is fading away.

Most ordinary homebuyers are paying the same or higher rates than the fortunate few who can afford much more.