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Editorial Results (free)

1. Wharton Defends, Touts Record at State of the City -

Memphis Mayor A C Wharton Jr. defended and touted Thursday, Jan. 29, his administration’s pursuit of the economic development projects that his challengers in the October city elections will likely use to make their case.

2. US Unemployment Benefit Applications Plunge to 15-Year Low -

WASHINGTON (AP) – The number of people seeking unemployment aid plunged last week to the lowest level in almost 15 years, a sign hiring will likely remain healthy.

Weekly applications dropped 43,000 to a seasonally adjusted 265,000, the Labor Department said Thursday. That is the lowest level since April 2000. It is also the biggest decline in two years. The four-week average, a less volatile measure, fell 8,250 to 298,500.

3. Fed Stays 'Patient' on Rates While Noting Improving Economy -

WASHINGTON (AP) – The Federal Reserve reiterated Wednesday that it will be "patient" in raising interest rates from record lows even as the U.S. economy moves steadily closer to full health.

4. Settlement Could Fund I-Zone Schools -

With federal money about to run out for the Shelby County Schools Innovation Zone schools, the $8 million in cash due from the city of Memphis next month is most likely to land in the bank account for that effort.

5. School Board Approves Settlement Over 2008 Funding Cut -

Nearly six years after it began, the Shelby County Schools system and the city of Memphis have settled their differences over the city council’s 2008 decision to cut funding to what was then the Memphis City Schools system.

6. US New Home Sales Jump 11.6 Percent in December -

Sales of new U.S. homes accelerated strongly in December, a sign that home-buying may improve this year after a lackluster 2014.

The Commerce Department said Tuesday that new home sales climbed 11.6 percent last month to a seasonally adjusted annual rate of 481,000. The gains were not enough to offset essentially flat home-buying over the course of 2014. Just 435,000 new homes were bought last year, a modest 1.2 percent improvement from 2013.

7. Fairgrounds Plan Draws Different Opinions -

The first renderings of a recast Mid-South Fairgrounds offered years ago are just one misstep early on that continues to plague the project still in search of specific private partners.

The conceptual drawings were heavy on baseball diamonds when the idea of two mayoral administrations at City Hall was and remains more soccer fields, basketball courts and a multi-purpose sports facility along with baseball diamonds.

8. Taxing Question -

With gas prices in a historic plunge, the idea of hiking state and federal gas taxes and fees to pay for transportation infrastructure improvements is gaining traction.

Democratic and Republican leaders in both chambers of Congress in recent weeks have signaled a willingness to approve an increase in the federal gas tax to help fund improvements to the nation’s crumbling roads and bridges. Meanwhile, a new statewide coalition has launched to support an increase and reform in Tennessee’s transportation fees.

9. First Horizon Ends 2014 on Upswing -

The parent company of First Tennessee Bank wrapped up its 150th anniversary year by delivering $213 million in net income to shareholders, up from $24 million for 2013.

10. Airlines Expect Another Big Year With Help From Cheaper Fuel -

DALLAS (AP) – Leaders of United and Southwest gave an upbeat forecast for 2015 that combined strong travel demand and cheaper fuel. Airline stocks soared on Thursday.

The price of jet fuel has dropped by about half since September, boosting airline profits and tamping down fear that global economic weakness could hurt the carriers. Analysts expect all four of the biggest U.S. airline operators to post bigger profits this year than in 2014.

11. Haslam on Statewide Tour to Tout Insure Tennessee -

Tennessee Gov. Bill Haslam says he isn’t counting votes in the Tennessee legislature just yet for his Insure Tennessee Medicaid expansion proposal.

At least he’s not counting hard votes for the upcoming Feb. 2 special legislative session as he holds a series of nine public forums across the state.

12. Cohen Calls Tennessee Promise ‘A Fraud’ -

U.S. Rep. Steve Cohen of Memphis calls the Tennessee Promise last dollar scholarship program for community college and state technical centers “a fraud.”

13. Start Co. Teams With Innova Memphis -

Start Co. has a new partner that’s bringing new funding with them to bolster the venture development organization’s efforts.

14. The Other Fellow -

Long before his death last year, former U.S. Sen. Howard Baker of Tennessee was aware that other Republicans, including those who worked in his groundbreaking campaigns of the 1960s and 1970s, believed it was no longer possible for a political moderate like him to get elected in Tennessee.

15. Millions More People to Get Their Credit Score for Free -

NEW YORK (AP) – Millions more people will have free access to their FICO credit score this year. That's good news for consumers, since the number is widely used by lenders to check potential borrowers' financial health.

16. I Choose Memphis: Gene Baker -

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

Name: Gene Baker

17. Blair Durham Embraces Firm Strategy, Planning No Changes -

Don’t look for change up on the 17th floor of Parkway Towers, where Blair Durham is determined to keep his pop’s legacy thriving long into the future.

While his dad, founder of Bart Durham Injury Law, does sometimes mull changing the name of his firm to simply “Durham Injury Law” to allow for Blair to become the face of the firm – “I‘m 80, or at least I will be in March. I’m only going to live five more years, maybe, so it’s time to get Blair and his name out there,” says the elder Durham – the son says “no way.”

18. Southwest Tennessee Grows With Demand -

For Nathan Essex, the president of Southwest Tennessee Community College, his tenure has been a series of changes.

It was Essex who presided over the merger of Shelby State Community College and State Technical Institute in the late 1990s, before he was appointed president of the resulting Southwest Tennessee Community College in 2000.

19. New Record Label Launches in Memphis -

The team behind a new record label that’s launched in Memphis has big ambitions for what it describes as the “musical venture capital” the label wants to share with musicians.

Blue Barrel Records had a quiet launch of sorts in 2014, but it’s making moves this year to establish itself and plant its flag on the scene. Funding for the label comes from founder John Buford, who’s leading its A&R efforts alongside Memphis musician John Kilzer as well as Archer Records collaborators Ward Archer and Brian Dixon.

20. Obama to Reduce FHA Mortgage Premium Rate to Spur Buying -

WASHINGTON (AP) – First-time homebuyers whose home loans are guaranteed by the Federal Housing Administration would benefit from an Obama administration move to lower mortgage insurance premiums.

21. Corporate Tax Take Boosts Arkansas' Revenue in December -

LITTLE ROCK, Ark. (AP) – A boost in corporate tax collections last month helped push Arkansas' revenue $44.1 million higher than predicted for the first half of the fiscal year, the state Department of Finance and Administration said Monday.

22. Building the Base -

It was late September, and local officials were deeply engaged with retail giant Target as the company explored investing in an online fulfillment center in Memphis when the discussions turned toward a familiar subject.

23. Big Deals Highlight 2014 Real Estate -

In Inked, we like to highlight local real estate transactions and the often-interesting companies leasing or buying commercial real estate space in the Memphis market. We also like to keep you informed about major deals before they happen and track companies that are critical to the local economy. Here are some important items that appeared in Inked in 2014.

24. Political Back Pages -

Even in the best of times, the relationship between any Memphis mayor and any group of 13 on the Memphis City Council is adversarial. That has been the intent of the structure of city government since the mayor-council form of government took effect in 1968.

25. Why the US Will Power the World Economy in 2015 -

WASHINGTON (AP) – The United States is back, and ready to drive global growth in 2015.

After long struggling to claw its way out of the Great Recession, the world's biggest economy is on an extended win streak that is edging it closer to full health. But the new year doesn't look quite so bright in other major countries.

26. This week in Memphis history: December 26-January 1 -

2009: FedEx Corp. took the first step toward a major expansion of its Memphis hub, filing a $28 million building permit for a new two-story sort facility at the existing hub on the north side of Memphis International Airport. At the time, the hub employed 15,000 people and had five sorts of 1.5 million packages per day.

27. US Economy Accelerates, Helps Lift Dow Above 18,000 -

WASHINGTON (AP) – A surge in U.S. economic growth lifted stocks Tuesday to record highs and showed that the United States is putting distance between itself and struggling economies around the world.

28. City, County Catch Late-Year Economic Development Surge -

Through September, things were looking somewhat bleak for Memphis and Shelby County on the economic development front.

At that point in the year the city and county were on pace to tie a record low for the number of payments-in-lieu-of-taxes, or PILOT, agreements granted to companies in a year. While granting fewer tax incentives could be viewed as good news because companies were more fiscally sound or confident about operating in Memphis and Shelby County, the lower level of activity represented a dip in the level of economic investment in the area.

29. Sponsors Pay Big Bucks to Join College Bowl Games -

SAN FRANCISCO (AP) – Ready! Set! Hut, hut: This holiday season's blitz of college football bowl games features a reshuffled roster of corporate sponsors spending millions to thrust their names in front of fans watching on TV and in the stands.

30. Discussion Remains in Schools Settlement -

The Memphis City Council still has a pretty strong case that its approval of a settlement between the city and Shelby County Schools over a six-year-old funding dispute will be necessary at some point.

31. Wharton and Schools Settle Six-Year Funding Dispute Without Council -

It appears Memphis Mayor A C Wharton Jr. and the Shelby County Schools board have settled the six-year dispute over city funding for schools without the Memphis City Council.

But the fast-moving compromise will likely require a council vote to fund it.

32. Paragon Turns In Positive Third Quarter -

Partly driven by an uptick in loans, Memphis-based Paragon Bank turned in another positive showing during the third quarter, with year-to-date pre-tax earnings 35 percent higher than in the first three quarters of 2013, the bank said.

33. Fed Likely to Note Gains But Signal No Rate Hike -

WASHINGTON (AP) – A resurgent U.S. economy has emerged from a long struggle with high unemployment and weak growth. And the Federal Reserve seems poised to recognize the sustained improvement.

34. Elvis Presley Enterprises Applies for Hotel Building Permit -

3066 Elvis Presley Blvd.
Memphis, TN 38116
Permit Amount: $57 million

35. Ikea to Open First Tennessee Store in Memphis -

Swedish furniture retailer Ikea will open its first Tennessee store in Memphis next year, according to several people familiar with the effort and confirmed by Ikea representatives Monday.

The company and Memphis Mayor A C Wharton Jr. will announce the store Tuesday, Dec. 16, according to several sources. A statement to the media Monday night read: "Ikea, the world's leading home furnishings retailer, will announce plans on Tuesday morning for a proposed Memphis store. The proposed Ikea Memphis would be the first Ikea store in either Tennessee, Arkansas or Mississippi and would increase the Swedish retailer's presence in the Southeastern U.S."

36. Collierville Station Sells for $600,000 -

The 8,900-square-foot Collierville Station retail center along West Poplar Avenue has sold for $600,000.

An entity named MD 695 Poplar LLC purchased the neighborhood shopping center at 695 W. Poplar in a Dec. 4 warranty deed from JW-Collierville LLC, PC-Collierville LLC, DB-Collierville LLC and SG-Collierville LLC, which collectively had owned it since 2008.

37. Making a Statement -

One of the regional banking players in Memphis is Jackson, Miss.-based Trustmark Bank, which took a big step that made a statement in Memphis this year.

38. Shelby County Commercial Sales Dip in October -

Shelby County recorded 90 commercial sales in October, down 4 percent from 94 commercial sales recorded in October 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.

39. Collierville Station Sells for $600,000 -

The 8,900-square-foot Collierville Station retail center along West Poplar Avenue has sold for $600,000.

An entity named MD 695 Poplar LLC purchased the neighborhood shopping center at 695 W. Poplar in a Dec. 4 warranty deed from JW-Collierville LLC, PC-Collierville LLC, DB-Collierville LLC and SG-Collierville LLC, which collectively had owned it since 2008.

40. Fed Proposing Big US Banks Boost Capital Buffers -

WASHINGTON (AP) – Federal regulators are proposing that the eight biggest U.S. banks be required to further increase the amount of capital they set aside to cushion against unexpected losses.

41. AutoZone Net Income Up 9.3 Percent -

AutoZone kicked off its new fiscal year with another quarter of growth, posting increases in same-store sales and earnings per share that are typical of earning announcements from the Memphis-based auto parts retailer.

42. How to Gain Immunity From Funding Cuts -

Martin Elliott, senior director of Mattel Inc.’s New Business Ventures, tells innovators how to avoid the budget cut thresher. Think like a V.C.

43. Dow Chemical Selling 2 Businesses for $225 Million -

NEW YORK (AP) – Dow Chemical said Friday that it is selling two businesses for a total of $225 million.

Dow said Vertellus Specialty Materials will buy its sodium borohydride business and Valfilm North America will buy a polyolefin films plant in Findlay, Ohio. It expects both sales to close during the first quarter of 2015.

44. These Retailers Could Use Some Holiday Cheer -

NEW YORK (AP) – The holiday shopping season is always a make-or-break period for struggling retailers.

But this year, the fight to grab shoppers has intensified, making it difficult for stores to use the season that accounts for about 20 percent of the retail industry's annual sales to bounce back.

45. Greenline Part of Larger Changes to Shelby Farms -

The visitors center at Shelby Farms Park is about to come down, the latest sign of the transformation of the park.

46. After Overcoming Hurdles, Southwest Opens Nursing School -

More than four years after breaking ground for a new nursing building, leaders of Southwest Tennessee Community College last week formally opened the school’s new Nursing, Natural Sciences and Biotechnology Building.

47. Stonewall Jackson's Little Slice of Heaven in Brentwood -

“Everybody has to meet his Waterloo,” sings honky-tonk hero Stonewall Jackson in his breakthrough No. 1 hit back in 1959.

Of course, that line, the entire song really, means everybody must meet his or her fate someday.

48. Green Hills in Full Boom Despite Traffic Woes -

Stephen Graw first moved to Green Hills in 2004 right after college, renting a house with a bunch of buddies from school. Like his neighborhood, he’s done a lot of growing in the last decade and is now a senior advisor at Sperry Van Ness Nashville and on the Chamber West Leadership Council.

49. Hillsboro High Land Sale: New School, Big Profit -

Merritt Rowe knows her children will never personally benefit from any changes to Hillsboro High School in Green Hills, but as the parent of two current students and another starting next year, it is something she is willing to fight for and encourages other parents – especially those of future students – to do the same.

50. New Daisy Changes Hands at Critical Time for Beale -

Three decades is a long enough time on Beale Street for any institution to create its own remarkable life.

But when that 30 years is part of a longer life of nearly 80 years and it’s on a street with an even longer history and heritage, there can be a tendency to forget how much time has passed in the latest life.

51. City Council to Consider Police Funding -

Memphis City Council members will consider Tuesday, Nov. 18, taking $1 million from city reserves to fully fund an additional Memphis police recruit class in the current fiscal year.

The $1 million from reserves would go with $2 million the council approved at the start of the fiscal year for a new recruit class.

52. County Commission to Consider Fairgrounds Deal -

The idea of reconfiguring the Mid-South Fairgrounds as a public recreation area financed by the city of Memphis with sales tax revenue from retail development has come back to life under new terms.

53. Highland Row Developer Applies for $6.7 Million Permit -

387 S. Highland St.
Memphis, TN 38111
Permit Amount: $6.7 million

Project Cost: $61 million
Application Date: November 2014
Engineer: Jordan & Skala Engineers
Details: Indianapolis-based developer Milhaus Ventures has applied for another building permit for the long-awaited Highland Row project near the University of Memphis.

54. I Choose Memphis: Scott Wilson -

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

Name: Scott Wilson

55. Analysts: How GOP Congress Could Boost US Economy -

WASHINGTON (AP) – Voters made clear Tuesday that they're worried about the economy, despite steady job gains, a robust stock market and faster economic growth this year.

So what can – and should – the now-dominant Republicans in Congress and President Barack Obama do together to benefit more Americans?

56. Council Votes Down Elvis Presley Boulevard Car Lot -

The Memphis City Council voted down Tuesday, Nov. 4, the move of a used car lot on land owned by Graceland to a lot further north on Elvis Presley Boulevard near the new 450-room resort style hotel Elvis Presley Enterprises is building.

57. US Trade Deficit Expands in September -

WASHINGTON (AP) – The U.S. trade deficit rose in September as exports slumped, a sign that the world's biggest economy is starting to feel the impact of weakening global growth.

The Commerce Department said Tuesday that the trade deficit rose 7.6 percent to $43 billion in September. That marks the first increase in four months. A deficit occurs when a country imports more than it exports.

58. Midtown Cash Saver Property Sells for $5.3 Million -

1620 Madison Ave.
Memphis TN 38104
Sale Amount: $5.3 million

Sale Date: Oct. 24, 2014
Buyer: LAG Memphis LLC
Seller: Super Market Developers Inc.
Loan Amount: $3.9 million
Loan Date: Oct. 24, 2014
Lender: Ladder Capital Finance LLC
Details: The Cash Saver property on Madison Avenue in Midtown has been sold for $5.3 million.

59. Trustmark Sees Third-Quarter Net Income Gain -

Trustmark Corp.’s just-ended third quarter saw the bank grow its net income slightly.

The bank reported $33.6 million of net income, up 2 percent from the prior quarter and third quarter of 2013. During the first nine months of 2014, Trustmark’s net income totaled $95.5 million, up 6 percent from the prior year.

60. Mississippi Company Waited Years to Acquire The Horizon -

Walker Thrash, principal of Dawn Properties Inc., first heard about The Horizon shortly after work on the ambitious condominium tower overlooking the Mississippi River ground to a halt in 2009.

61. US Economy Rallies to Solid Third-Quarter Growth -

WASHINGTON (AP) – The U.S. economy powered its way to a respectable growth rate of 3.5 percent from July through September, outpacing most of the developed world and on track to extend the momentum through the end of the year and beyond.

62. Grizzlies Brass Has Challenge In Analyzing Player Minutes -

It took but a single game for one of the Memphis Grizzlies’ main dilemmas to present itself. Namely, what’s a coach to do when his starters are playing well and the bench is giving him almost nothing?

63. Trustmark Sees Third-Quarter Net Income Gain -

Trustmark Corp.’s just-ended third quarter saw the bank grow its net income slightly.

The bank reported $33.6 million of net income, up 2 percent from the prior quarter and third quarter of 2013. During the first nine months of 2014, Trustmark’s net income totaled $95.5 million, up 6 percent from the prior year.

64. Willow Lake Sales Positive News For The Market -

The sale this week of five properties inside Willow Lake Business Park and Corporate Park for $4.2 million was welcome news for several reasons.

For one, true owners tend to take much better care of properties and market them more aggressively than special servicers like Bethesda, Md.-based CWCapital Asset Management.

65. Palazzolo, Brogdon Talk 3 Gs in Germantown Debate -

The two candidates for mayor of Germantown offered different views about where the city is and future goals Tuesday, Oct. 21, before an overflow crowd at the Germantown Municipal Center.

Mike Palazzolo and George Brogdon, who retired as the city’s community services director to run for mayor, are running on the Nov. 4 ballot to succeed five-term mayor Sharon Goldsworthy, who is not seeking re-election.

66. China Economy Grows at Slowest Pace in 5 Years -

BEIJING (AP) — China's economic growth waned to a five-year low of 7.3 percent last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese leaders' plans for a controlled slowdown.

67. Incentive Applications Lag Previous Years -

Until a spate of activity this month, Memphis and Shelby County were on pace to tie a record-low for the number of payment-in-lieu-of-taxes agreements granted to companies in a year.

Through September, the city-county Economic Development Growth Engine, the primary business incentive body in Memphis and Shelby County, had awarded just four PILOTs, tied with 2006 for the lowest amount of PILOTs issued in a year since 2002.

68. First Horizon Reports Positive Third Quarter -

The parent company of First Tennessee Bank moved back to profitable territory for the third quarter from a loss during the same period in 2013, reporting net income of $45 million, or 19 cents a share, for the period ending Sept. 30.

69. Recruiter’s Career Twist -

Ask Janet Miller about her remarkable career at the Nashville Area Chamber of Commerce and she’ll likely attribute it to good timing or pass credit onto others.

70. EDGE Approves Trio of PILOT Tax Breaks -

Three companies – including a wing of Memphis-based FedEx – received tax breaks for projects in Memphis that total more than $25 million in capital investment and will create 272 new jobs.

71. First Horizon Swings Back to Quarterly Profit -

The parent company of First Tennessee Bank moved back to profitable territory for the third quarter from a loss during the same period in 2013, reporting net income of $45 million, or 19 cents a share, for the period ending Sept. 30.

72. EDGE Approves Trio Of PILOT Tax Breaks -

Three companies – including a wing of Memphis-based FedEx – received tax breaks for projects in Memphis that total more than $25 million in capital investment and will create 272 new jobs.

73. Plans for Lakeland Prep Start to Move -

Some of the six suburban school systems were already looking ahead to building new schools before they opened for their inaugural year this past August.

This week, the Lakeland Board of Commissioners became the first of the suburban governments to move toward financing new school construction for what would be called Lakeland Prep.

74. The Horizon Sells to Mississippi Developer for $13.5 Million -

A Mississippi-based developer has acquired the uncompleted Horizon condominium tower overlooking the Mississippi River in Downtown.

Dawn Properties Inc. of Hattiesburg, which is primarily involved in the acquisition, development and management of multifamily properties, has purchased the 16-story, 155-unit tower for $13.5 million and plans on completing the luxury condominiums.

75. Unequal Pay: Must Be a Lot of Good Karma Out There -

NEW YORK (AP) – Don't ask for a raise. Keeping quiet will give you "superpowers" that will translate into employer trust and other "good karma" that will eventually come back around to your purse.

76. Connecting Creatives -

In a body of water, an undercurrent is something that moves beneath the surface and which, though it might be unseen, is unwise to ignore, especially when it flows in the opposite direction of currents visible on the surface.

77. Service Without a Smile: Why Airlines Aren't Nice -

NEW YORK (AP) – Passengers cherish Virgin America for its mood lighting, live TV, fancy cocktails and friendly flight attendants. That nice-guy approach to air travel wins awards and attracts a cult following, but may not fly with Wall Street.

78. Paragon Launches Small-Business Group -

Memphis-based Paragon Bank is expanding beyond the city, thanks to its launch of a new division focused on small-business lending.

79. Obama Claims Progress on Wall Street Rules -

WASHINGTON (AP) – A year after prodding financial regulators to act more swiftly to rein in Wall Street, President Barack Obama on Monday claimed progress in toughening banking rules but urged bank overseers to consider additional ways to prevent the kind of risk-taking that precipitated the 2008 financial crisis.

80. Room for Growth -

Sardor and Gulam Umarov are used to fighting battles with seemingly long odds.

Between 2005 and 2009, the brothers waged a high-profile human rights campaign against the authoritarian government in their native Uzbekistan for the release of their father, Sanjar Umarov, a Germantown businessman thrown into prison for opposing the regime.

81. US Factory Orders Posted Record Drop in August -

WASHINGTON (AP) – Orders to U.S. factories fell in August by the largest amount on record, but the drop was heavily weighed by an expected plunge in volatile aircraft orders.

A key category that tracks business investment plans posted a small increase, offering an encouraging sign that factory production will sustain momentum in the second half of this year.

82. Economy's Q2 Rebound Was Even Faster Than Thought -

WASHINGTON (AP) – The U.S. economy's bounce-back last quarter from a dismal winter was even faster than previously thought, a sign that growth will likely remain solid for rest of the year.

83. County Commission Starts School Bond Process -

Shelby County Commissioners vote Monday, Sept. 22, on a resolution that is the first step in issuing $120 million in general obligation bonds over the next two years to finance “public works projects, including schools,” according to the resolution.

84. Road to Better Mass Transit -

Picking a new transit chief is critical for a city in transition.

Next year, Nashville residents will elect a new mayor and turn over its large Metro Council.

Davidson County also expects some 200,000 new residents over the next 20 years, and much of the success of future development will depend on the ease of navigating around Nashville – already the nation’s second-worst area for sprawl, according to Smart Growth America.

85. Marx-Bensdorf Expands in East Memphis -

A prominent Memphis realty company has expanded its presence in East Memphis. Marx-Bensdorf Realtors has grown in the office building at 5860 Ridgeway Loop Blvd. by 526 square feet, bringing its total to 4,653 square feet.

86. US CEOs Less Optimistic About Hiring, Spending -

WASHINGTON (AP) – Optimism among chief executives at the largest U.S. companies fell in the July-September quarter after reaching a two-year high in the previous quarter.

The Business Roundtable said Tuesday that its CEO outlook index fell to 86.4 in the third quarter, down from 95.4 in the April-June period.

87. Innova Memphis Closes Venture Capital Partnership -

Innova Memphis has reached the first closing of its third venture capital partnership, Innova Fund III LP, with $20 million in capital commitments.

88. Legacy Building -

2014 is shaping up to be a banner year for Legacy Wealth Management, an independent financial planning and portfolio management firm that’s moved into a prominent new space, continued staffing up over the last several months and is preparing to launch a seminar series.

89. Power Play -

When the Tennessee Valley Authority board voted in August to build a new power plant in Southwest Memphis, it was a decision based on factors larger than the power needs in Memphis.

But it was also a decision that is just as important for Memphis as the decision to build the existing Allen Fossil Plant there 55 years ago.

90. Silicon Valley Struggles to Speak FDA's Language -

WASHINGTON (AP) – From Apple's new smartwatch that tracks heartbeats to contact lenses that measure blood sugar – Silicon Valley is pouring billions into gadgets and apps designed to transform health care. But the tech giants that have famously disrupted so many industries are now facing their own unexpected disruption: regulation.

91. Start Co. Post-Acceleration Efforts Help Startups -

Graduation from a Start Co. startup accelerator and making a pitch to investors at the organization’s “Demo Day” is no longer the last stage to cross before entrepreneurs head out into the wild to sink or swim.

92. Innova Memphis Closes Venture Capital Partnership -

Innova Memphis has reached the first closing of its third venture capital partnership, Innova Fund III LP, with $20 million in capital commitments.

93. Walnut Hill Apartments Sells for $28 Million -

8920 Walnut Grove Road
Cordova, TN 38018
Sale Amount: $27.9 million

Sale Date: Aug. 28, 2014
Buyer: IRT Walnut Hill Apartments Owner LLC
Seller: 30 California-based limited liability companies
Details: The 324-unit Walnut Hill Apartments in Cordova has sold for $27.9 million to an entity affiliated with Philadelphia-based RAIT Financial Trust.

94. US Job Growth Slows to 142,000 -

U.S. employers added the fewest jobs in eight months in August, snapping a streak of robust gains and surprising analysts because recent reports had suggested that the economy was steadily improving.

95. FedEx Decides Not to Renew a Renaissance Center Lease -

FedEx has decided not to renew a lease at a prominent East Memphis office building.

FedEx Services is not renewing a roughly 11,000-square-foot lease at the 189,644-square-foot Renaissance Center office building at 1715 Aaron Brenner Drive that expires Oct. 1. Employees affected by the decision will be moved to FedEx facilities, part of a broader consolidation and efficiency plan the company has been pursuing.

96. US Manufacturing Grows at Fastest Pace in 3 1/2 Years -

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.

97. US Consumer Spending Dips 0.1 Percent -

WASHINGTON (AP) – U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed.

Consumer spending edged down 0.1 percent last month after a 0.4 percent increase in June, the Commerce Department reported Friday. It was the first decline in spending since January. Income growth slowed to 0.2 percent in July, the weakest showing in seven months.

98. Council to Review Alternative Health Plan -

Memphis City Council members Tuesday, Sept. 2, talk over a proposed high-deductible health insurance plan that would restore health benefits for city employees and retirees.

The 1:30 p.m. executive session discussion by the full council is the first since the leaders of the Memphis Fire Fighters Association pitched the plan at a health insurance oversight committee session in July.

99. Developers Swing, Miss in Attempt to Buy Prime Germantown Locale -

The first time I stepped into this mustard-yellow building at 300 Jefferson Street to ask how it felt to have the Nashville Sounds moving in across the street, Wayne Woelk, 50, was having a heart attack.

100. People Power -

Meg Crosby and her fellow principals at the HR-focused consulting firm PeopleCap chose that name for their organization because of the way they think about the modern workplace – particularly, the ever-changing nature of the employees who populate it.