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Editorial Results (free)

1. Google Shareholders Revel in Record 1-Day Windfall of $65.1 Billion -

SAN FRANCISCO (AP) – Google's stock roared out of a long slumber Friday to produce the biggest shareholder windfall in U.S. history as investors rewarded the Internet company for promising to curb its spending on risky projects.

2. Memphis Releases $200M Pedestrian Safety Plan -

Memphis Mayor A C Wharton Jr. unveiled an ambitious pedestrian and school safety action plan Tuesday, July 14, that has been in the making for 18 months.

The plan takes in a list of $200 million in improvements to sidewalks and street crossings over 20 years. Wharton’s administration doesn’t have all the funding nailed down, and said it would likely come through a combination of grants, city capital funding and money from nonprofit philanthropies.

3. City Releases $200 Million Pedestrian Safety Plan -

Memphis Mayor A C Wharton Jr. unveiled an ambitious pedestrian and school safety action plan Tuesday, July 14, that has been in the making for 18 months.

The plan takes in a list of $200 million in improvements to sidewalks and street crossings over 20 years. Wharton’s administration doesn’t have all the funding nailed down, and said it would likely come through a combination of grants, city capital funding and money from nonprofit philanthropies.

4. Yellen: Fed Still on Track to Raise Rates This Year -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said the Fed is on track to start raising interest rates later this year but expressed multiple concerns over headwinds that are still holding back the U.S. economy.

5. Local Green News Piles Up, From Shelby Farms to CBU -

Chelsea Avenue Floodwall Becomes ‘Permission Wall’: The city’s renaissance of murals is taking a different form on the section of North Memphis floodwalls that are a border of sorts for the still developing Chelsea Greenline.

6. New Hotel Planned for Downtown Memphis -

Two Ohio-based development firms plan to build a new hotel on a vacant site in Downtown Memphis.

The Orlean Co. of Beachwood, Ohio, and Ceres Development LLC of Westlake, Ohio, plan on building a Cambria Suites on a 3.3-acre lot on the south side of Union across from Fourth Street, just west of Danny Thomas Boulevard.

7. Certificate of Need Process Back in Spotlight -

The state-level approval process Methodist South Hospital recently cleared that allows it to pursue an $8.7 million emergency department expansion has been in legislative crosshairs in Nashville recently.

8. Growth in US Services Firms Rises in June -

WASHINGTON (AP) – U.S. service firms grew at a slightly faster pace in June, as business activity and new orders increased.

The Institute for Supply Management said Monday that its services index edged up to 56 in June from 55.7 in May. Any reading over 50 indicates that services firms are expanding.

9. Cycling Ahead -

Unless you've seen the ubiquitous stations in cities like Knoxville and Nashville, it's difficult to imagine how bike sharing could connect Memphis.

Tourists and citizens can check out a bike on a per-ride or membership basis and return it to a separate station when they've reached their destination.

10. Grizzlies Spending $350,000 on Facilities Improvements -

The Memphis Grizzlies have applied for a $350,000 building permit to upgrade facilities at FedExForum, 191 Beale St.

11. Dunavant-Owned Destin Resort On Track to Open Next Summer -

Work continues moving forward at a splashy new Destin resort owned by Memphis-based Dunavant Enterprises Inc.

12. US Manufacturing Growth Improves in June; Hiring Jumps -

WASHINGTON (AP) – U.S. manufacturing growth improved in June, helped by a jump in employment.

The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its manufacturing index rose to 53.5 last month from 52.8 in May. Manufacturing activity matched January's level for the highest this year. Any reading above 50 signals expansion.

13. My Kind of Crazy -

CRAZY LIKE CHISCA. Lauren Crews told me that people think he’s crazy.

After all, he paddled a canoe from the Twin Cities to New Orleans – just him and his dog. He rode a bike to New Orleans, too, all the way down Highway 61 in the summer, the heat driving him dizzy into ditches.

14. New Forrest Front -

The political battle over an equestrian statue of Nathan Bedford Forrest and the park that houses it has opened a new front.

15. Supreme Court Upholds Use of Controversial Execution Drug -

WASHINGTON (AP) – Trading sharp words, a deeply divided Supreme Court upheld the use of a controversial drug in lethal-injection executions Monday, even as two dissenting justices said for the first time they think it's "highly likely" the death penalty itself is unconstitutional.

16. Graceland Hotel Developers File $84 Million Construction Loan -

3600 Elvis Presley Blvd.
Memphis, TN 38116
Loan Amount: $84 million

17. Grizzlies Spending $350,000 on Facilities Improvements -

The Memphis Grizzlies have applied for a $350,000 building permit to upgrade facilities at FedExForum, 191 Beale St.

18. Developers Still Interested In Midtown Hotel -

Yes, the development team that had proposed replacing the French Quarter Inn at Overton Square is selling the property to Ballet Memphis, which plans on building a new performance center there.

But they say they still want to build a hotel in Midtown, according to a statement they provided to Brenda Solomito Basar, owner of Solomito Land Planning.

19. Business in Politics -

One of the first things Shea Flinn noticed when he left the Memphis City Council this year was that benches for audience members in the council chamber are less comfortable than council members’ seats.

20. Grizzlies Facilities Getting $350,000 Upgrade -

The Memphis Grizzlies have applied for a $350,000 building permit to upgrade facilities at FedExForum, 191 Beale St.

21. US Consumers Ramp Up May Spending; Largest Gain Since 2009 -

WASHINGTON (AP) – U.S. consumer spending surged in May with the biggest monthly increase in nearly six years – a sign of stronger economic growth ahead.

The Commerce Department said Thursday that consumer spending rose 0.9 percent last month, up from a revised 0.1 percent increase in April. May spending registered the biggest gain since August 2009, when the government's "Cash for Clunkers" program fueled auto-buying.

22. Haslam's Communications Director Leaving for Private Sector -

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam's director of communications is leaving to become a communications consultant in the private sector.

As the administration's top communications official, Alexia Poe has been a senior adviser and strategist to the governor, cabinet, senior staff and state departments.

23. Developers Still Interested in Midtown Hotel -

Yes, the development team that had proposed replacing the French Quarter Inn at Overton Square is selling the property to Ballet Memphis, which plans on building a new performance center there.

But they say they still want to build a hotel in Midtown, according to a statement they provided to Brenda Solomito Basar, owner of Solomito Land Planning.

24. Yolanda Kight is Newest Judicial Commissioner -

Attorney Yolanda Kight is the newest Shelby County Judicial Commissioner.

The Shelby County Commission chose Kight Monday, June 21, on the 12th round of voting to fill the vacancy.

25. Memphis Ends Budget Season, But the Arguments Aren't Over -

The end of the budget season at City Hall can be a festive occasion.

Weeks of line-item detail and swapping one amount with another in the budget, as well as the pressure of revenue and other projections that amount to moving targets in the fiscal year, give way to approved operating and capital budgets as well as a property tax rate.

26. US Economy Not As Bad in First Quarter, Paving Way for Rebound -

WASHINGTON (AP) — The U.S. economy contracted in the first three months of the year, just not as much as previously estimated. More recent data show that the weakness was largely temporary, with a rebound in the works for the April-June quarter.

27. Worthington Capital Launches New Mutual Funds -

Memphis-based asset management firm Worthington Capital Management has launched the Worthington Funds, a series of mutual funds that the firm says will seek to “capture market inefficiencies or take advantage of secular trends.”

28. Simmons Joins Cushman & Wakefield/Commercial Advisors -

Mary Leesa Simmons has joined Cushman & Wakefield/Commercial Advisors as vice president – senior asset manager. In her new role, Simmons provides all aspects of property management duties for the firm’s clients.
This includes financial administration, budgeting, reporting, lease administration, contract administration, tenant, client and vendor administration, capital improvements and property inspections.

29. CBU's 'New Vision’ -

As Kenrick Hall on the campus of Christian Brothers University has been prepped for demolition, leaders of the university have been preparing for what follows when the 1940s-era classroom building is gone.

30. First Horizon National Corp. Reveals Stress Test Results -

The Memphis-based parent company of First Tennessee Bank has passed its annual, federally mandated “stress test.”

31. First Horizon National Corp. Reveals Stress Test Results -

The Memphis-based parent company of First Tennessee Bank has passed its annual, federally mandated “stress test.”

32. Chism Opens Capital Advisors/Bellwether Enterprise's Memphis Office -

Jeremy Chism has joined Capital Advisors/Bellwether Enterprise as vice president to open the company’s Memphis commercial real estate loan production office. The firm provides financing solutions through a vast network of insurance companies, CMBS lenders and commercial lenders for commercial real estate.

33. Memphis City Council Budget Agenda Full -

Memphis City Council members have a lot of budget decisions to make Tuesday, June 16, as they attempt to bring City Hall’s budget season to a close.

There are eight separate votes on pay raises approved by impasse committees for eight groups of city employees, including police and firefighters.

34. Memphis Economic Indicator Taking Third-Quarter Responses -

Investors in some of Memphis’ largest publicly traded companies are likely to feel somewhat encouraged about the current state of the economy – at least, when looking at their portfolios.

35. Aitken Makes Case for Collierville’s New $99 Million School -

There is the effort to sell Collierville residents on the specific plan for a $99 million comprehensive high school for 3,000 students. And then there is the effort to avoid a referendum on the $99 million bond issue that could follow approval of a property tax hike for the new school construction.

36. Proton’s Weaver Wizard of Tech Innovation -

On any given day, business executives, scientists and chemical engineers from across the U.S. and around the world come to East Tennessee to see for themselves the renewable energy technology developed by Lenoir City-based Proton Power Inc.

37. Crews Center Hosts Social Innovation Summer Camp -

The Crews Center for Entrepreneurship at the University of Memphis currently is a hub for social entrepreneurs.

The phrase “social entrepreneur” has a somewhat loose definition, but it generally involves the use of business tools and practices to solve social concerns. And it’s a focus of a summer camp coming to the Crews Center in July in partnership with a university student-led nonprofit that’s focused on social innovation and using entrepreneurial thinking to identify solutions to the community’s social issues.

38. AP Analysis: More 'Phony Numbers' in Reports as Stocks Rise -

NEW YORK (AP) – Those record profits that companies are reporting may not be all they're cracked up to be.

As the stock market climbs ever higher, professional investors are warning that companies are presenting misleading versions of their results that ignore a wide variety of normal costs of running a business to make it seem like they're doing better than they really are.

39. You Want To Build A Building? -

Owning a building can be a turning point in the life of a nonprofit. A building represents positive attributes: permanence, ownership, longevity, visibility, stability, status and achievement. You can control your destiny, make improvements, and expand when needed. You have an asset to leverage for future projects. No one can make you move.

40. Municipal Schools Leaders Assess First Year -

Not so fast with those state achievement test quick scores that went out with some students’ last report cards. Tennessee Department of Education officials said earlier this month that the figures are in most cases rosier than expected.

41. Involvement in Honor Flights an Honor for Mannis -

By creating HonorAir Knoxville, Eddie Mannis has brought joy to thousands of American war veterans and learned more than a little about his own character.

For the last eight years, the organization has honored veterans with free flights to the nation’s capital.

42. Memphis Banks Report Modest First Quarter -

Absent a few individual challenges, Memphis-area banks as a collective gave off encouraging signs about their health and outlook in the first quarter, according to Federal Reserve figures.

Some of the most important metrics, like profitability, always come with a reminder by regulators that any change in performance at First Tennessee Bank, Memphis’ largest bank, can overshadow results at the rest of its smaller peer institutions. That was certainly true in the first quarter, when First Tennessee’s parent company took a loss, driven by a mortgage-related legal settlement, which resulted in the bank showing almost $65 million worth of red ink for the quarter.

43. County Commission Tax-Rate Debate Picks Up Volume -

Shelby County Commissioners hit a big political divide Monday, June 1, and as a result will discuss in two weeks that most volatile of political topics – the property tax rate.

Commissioners approved on the first of three readings an ordinance to keep the property tax rate at the current $4.37.

44. Prepare for Takeoff -

At Southern Airways Express’ hub in a Memphis International Airport executive terminal, movement is at a peaceful lull.

There are no loudspeaker announcements or TSA check-in points. Patrons sip complimentary coffee. The lobby opens right onto the tarmac where a fleet of 9-passenger Cessna 208 Caravan jets land about 12 times daily.

45. Tigers’ Tubbs Receives All-America Recognition -

University of Memphis senior first baseman Tucker Tubbs has been named to the Louisville Slugger NCAA Division I All-American baseball team. Tubbs is a Third Team All-America selection, as chosen by Collegiate Baseball newspaper.

46. Snapshot: Memphis-Based Public Companies -

Here's a look at what's going on at the dozen public companies headquartered in Memphis:

AutoZone Inc.

AutoZone Inc. is one of the largest auto parts retailers and distributors in the U.S., with a store count of 5,476 as of Feb. 14. Since 1998, the company has repurchased $15.7 billion worth of its own shares. At the end of March, AutoZone continued its share buyback program with the authorization to buy back another $750 million in company stock. The company followed that news with plans to pursue a $650 million debt offering to be used for “general corporate purposes.” – Andy Meek

47. Stock-Buyback Programs Hit Record Pace -

If this was a poker game, it could be said that American companies are doubling down – repurchasing their own stock at a record pace instead of betting on new, outside investments.

TrimTabs Investment Research calculated that companies had announced plans to buy back $133 billion of their own stock in April. That was a new monthly high.

48. Paragon Bank Reports Highlights, Decisive Turn at Annual Shareholders Meeting -

2014 proved a milestone year for Paragon Bank: The now 10-year-old institution saw a few decisive changes, the bank’s leadership reported at its annual shareholders meeting in recent days.

49. More Giving -

The most dedicated donors to the Community Foundation of Greater Memphis give with their hearts and their minds, striking a balance between real-time needs and the financial realities of any given moment.

50. US Consumer Prices Ticking Up as Fed Weighs First Rate Hike -

WASHINGTON (AP) – Core consumer prices outside of food and energy posted the biggest increase in April in more than a year, suggesting that an improving U.S. economy is finally starting to lift prices. That could prompt the Federal Reserve to start raising interest rates later this year.

51. School’s End -

When Catholic Bishop Terry Steib put on a hardhat a week ago to break ground on the Immaculate Conception Cathedral School’s new $4.2 million Cathedral Center, he had the attention of the school’s youngest students.

52. Fed Minutes Indicate June Rate Hike Unlikely -

WASHINGTON (AP) – Federal Reserve policymakers largely agreed when they met last month that June would be too early to start raising interest rates, as they debated whether the economy's winter weakness would fade or persist.

53. Not Your Ma's Bell: AT&T Evolves Beyond Phones -

NEW YORK (AP) – The company whose name has long been synonymous with telephones is looking for new ways to reach out and touch someone.

AT&T, which had a popular "Reach Out and Touch Someone" slogan in the 1980s, now wants to be on your TV, car and even trashcan.

54. Southbrook Tests Wharton Administration Shake-Up -

It didn’t take very long for the city of Memphis’ new chief administrative officer to make a tough call.

And when Jack Sammons came down on the side of pulling back city funding for Southbrook Mall, political allies and foes of Mayor A C Wharton Jr. watched to see if he would go along with the decision.

55. Tigers’ Tubbs Makes Capital One Academic Squad -

University of Memphis senior first baseman Tucker Tubbs has been named to the Capital One Academic All-District First Team, the College Sports Information Directors of America have announced.

The Tigers leading power hitter, Tubbs has a .328 batting average with 14 doubles, 14 home runs and 49 RBI. Earlier this season, the Collierville High School product hit a home run in six consecutive games; that’s just two games shy of the NCAA record. He was named one of six Louisville Slugger national players of the week after the streak of consecutive games with a home run.

56. Small Banks Find Ways to Compete With Giants -

Nashville’s InsBank began 15 years ago, founded by a group of insurance agents. Originally, it was known as Insurors Bank of Tennessee, its target market was independent insurance agents in the state. But that has changed somewhat over the years as the bank has evolved from that particular niche.

57. Nashville Emerging ‘As a Regional Tech Leader’ -

Two very different startups speak volumes about how much the Nashville venture capital scene has changed over the years and how things are still evolving.

When Franklin-based Cybera began with three employees in 2001, it set up voice and data networks for small to medium-sized companies, using leased space on traditional telecom companies’ high-speed digital subscriber lines.

58. Investors Pumping Hundreds of Millions Into Tennessee Startups -

The assignment sounded simple enough: Find out whether more money is coming into Nashville for startups.

If so, where is it coming from and what does it means to entrepreneurs, investors and the rest of us?

59. US Retail Sales Flat-Line in April -

WASHINGTON (AP) – U.S. shoppers kept their spending in check in April, as modest wage growth over the past year keeps family budgets tight.

The Commerce Department said Wednesday that retail sales were unchanged last month after rising 1.1 percent in March. Sales have risen just 0.9 percent over the past 12 months. Steady hiring has yet to spark significantly higher incomes.

60. Tennessee Senator Had Son on State Benefits -

NASHVILLE, Tenn. (AP) – Republican Sen. Todd Gardenhire of Chattanooga, who twice voted against Medicaid expansion in Tennessee, told a newspaper that his adult son had "never" been signed up for state benefits.

61. Tigers’ Tucker Tubbs Makes Capital One Academic Squad -

University of Memphis senior first baseman Tucker Tubbs has been named to the Capital One Academic All-District First Team, the College Sports Information Directors of America have announced.

The Tigers leading power hitter, Tubbs has a .328 batting average with 14 doubles, 14 home runs and 49 RBI. Earlier this season, the Collierville High School product hit a home run in six consecutive games; that’s just two games shy of the NCAA record. He was named one of six Louisville Slugger national players of the week after the streak of consecutive games with a home run.

62. Beale Street Board to Tackle District Plans, Future -

Jeff Sanford has spent much of the past five years consulting on redevelopment projects in other cities.

But Sanford – who stepped down from his post as president of the Center City Commission, now the Downtown Memphis Commission, in 2010 – hasn’t found another entertainment district comparable to Memphis’ most famous street.

63. Mortgage Market Up 9 Percent in April -

Triumph Bank found itself at the end of April with a second straight record-breaking month for its mortgage division, with Triumph Mortgage having funded more units and loan volume in the month than during any other in the bank’s history.

64. US Trade Deficit Jumps to 6-Year High of $51.4 Billion -

WASHINGTON (AP) – The U.S. trade deficit in March swelled to the highest level in more than six years, propelled by a flood of imports that may have sapped the U.S. economy of any growth in the first quarter.

65. Greenprint Guru -

When John Michels was a kid going to nature camps with his family and hiking with his brother and cousins, he was taking the first steps along his career path.

“We’d sort of learn how to survive in the woods and build shelters, learn about ecosystems,” Michels said of his days growing up in New Jersey, and then later trips to upstate New York by Lake George. “I started doing a lot of hiking in the Adirondack Mountains.

66. Larger Hotel Overton To Replace French Quarter Inn -

The idea of an Overton Square hotel has long been a part of plans for the Midtown entertainment district, which marks the 45th anniversary of its founding this month.

Seven years after the district’s first hotel, the French Quarter Inn, closed its doors for good, there are plans for a new five-story, 134-suite Hotel Overton on the same northeast corner of Madison Avenue and North Cooper Street.

67. US Factory Orders Rise in March for First Time in 8 Months -

WASHINGTON (AP) – Orders to U.S. factories rose in March for the first time since last July, breaking a long stretch of weakness in manufacturing.

Orders increased 2.1 percent following seven monthly declines, the Commerce Department reported Monday. And in further good news, orders in a key category that tracks business investment plans eked out a 0.1 percent rise. It was the first advance in this category since last August.

68. Council Begins Hearings on Operating Budget -

The Memphis City Council is down a member as its budget committee begins hearings Tuesday, May 5, on the $656.5 million operating budget proposal of Memphis Mayor A C Wharton Jr.

Council member Shea Flinn resigned Thursday effective immediately to take a position as vice president at the Greater Memphis Chamber in charge of the Chairman’s Circle.

69. Exxon’s Q1 Profit Falls 46 Percent Amid Decline in Oil Price -

Exxon earned $4.94 billion in the first quarter, a huge sum but only about half of what the company made last year. Lower oil prices depleted both Exxon’s top and bottom lines.

It was the lowest first-quarter profit for Exxon Mobil Corp. in six years, although the results still beat Wall Street expectations.

70. Spring Awakening: Consumer Spending Rose in March -

U.S. consumers boosted spending in March by the largest amount in four months, a hopeful sign that this key sector of the economy is reviving after a frigid winter.

Consumer spending increased 0.4 percent in March, the strongest gain since a similar increase in November, the Commerce Department reported Thursday.Spending fell in December and January before climbing a modest 0.2 percent in February.

71. Don’t Buy This ‘Market’ -

Last week, the Nasdaq, the S&P 500 and the New York Stock Exchange composite indexes all hit new historic highs, bolstered by falling rate hike expectations. In the market environment of the day, economic softness causing falling revenues and falling prices (see first-quarter earnings season) holds less influence than falling interest rates.

72. Shelby County Gets Two Summer Jobs Programs -

Shelby County Commissioners have created their own two-month summer jobs program for 65 teenagers and college-aged adults and voted Monday, April 27, to fund it over two summers with $169,127 from the commission’s contingency fund.

73. City Hall Budget Season Begins -

Memphis Mayor A C Wharton takes an operating budget proposal of more than $622 million to the Memphis City Council Tuesday, April 21.

The proposed budget will be larger than the current fiscal year’s budget, reflecting Wharton’s belief that the city has enough of its fiscal crisis behind it at this point to slowly begin reinvesting in areas such as public safety and street paving.

74. Barbie Shows Signs of Life As Mattel Plots Comeback -

NEW YORK (AP) – Things are finally looking up for Barbie.

Mattel, the toy company behind the plastic dolls, said there were some signs of improving demand for Barbie ahead of its planned makeover of the brand, including Barbie dolls with different skin tones, eye colors and nose shapes to better relate to multicultural girls and their mothers.

75. First Horizon National Reports $76.7 Million Loss in First Quarter -

Driven by a mortgage-related legal settlement announced in recent days, First Tennessee Bank’s parent company swung to a loss for the first quarter of 2015.

76. First Horizon Reports Q1 Loss -

Driven by a mortgage-related legal settlement announced in recent days, First Tennessee Bank’s parent company swung to a loss for the first quarter of 2015.

77. Loeb Sees Activity at Executive Square -

Loeb Properties has picked up a new lease and a lease renewal inside the Executive Square development in East Memphis.

BoCo Health Services signed a new lease for 1,007 square feet in Suite 103 at 5575 Poplar Ave. In addition, Sunshine Corp. renewed its 1,075-square foot lease in Suite 420.

78. GE Pares Off Financial Unit and Returns to Industrial Roots -

General Electric is leaving the lending business, a major source of both profit and risk, as it continues to whittle its focus down to an industrial core.

The company said Friday that it will sell most of its GE Capital assets over the next two years, shedding businesses in a sector where it has had a tough time generating acceptable returns. GE also plans to repurchase as much as $50 billion of its own stock.

79. County Commission Looks for Schools Budget -

Shelby County Commissioners have plenty of work to begin on the $1.18 billion budget proposal submitted to the body this week by Shelby County Mayor Mark Luttrell.

80. Farming Quality -

Starting in August, a new crop of would-be farmers will settle in for a few months of classroom instruction led by the Roots Memphis Farm Academy, a sustainable farming incubator working to train and launch new farmers in the Memphis area.

81. Fed Minutes: Officials Split Widely on Rate Hike Timing -

WASHINGTON (AP) – Fed officials disagreed widely when they met last month on when they would be ready to lift interest rates from record lows.

Minutes of the March 17-18 meeting released Wednesday reveal that several policymakers predicted a rate hike in June, while others concerned about low inflation didn't think a rate hike would be warranted until later this year. Still others said the economy wouldn't be strong enough for an increase until 2016.

82. US Service Firms Grew at Slightly Slower Pace Last Month -

WASHINGTON (AP) – U.S. service firms expanded at a slightly slower yet still healthy pace in March, an encouraging sign after multiple reports last week pointed to a slowing economy.

The Institute for Supply Management said Monday that its services index slipped to 56.5 last month, from 56.9 in February. Any reading over 50 indicates expansion.

83. City Council to Hear Plan for New Police Strategy -

Memphis City Council members get their first look Tuesday, April 7, at a new strategy for the Memphis Police Department as well as Memphis Mayor A C Wharton’s choices for the new Beale Street Tourism Development Authority.

84. Highland Capital Management Merges With Florida Firm -

Memphis-based investment firm Highland Capital Management has merged with a Florida-based financial firm.

Highland Capital has acquired the assets of ICC Capital Management, a combination that increases client assets under management at Highland to $2.8 billion. As a result, Highland’s parent company, Louisiana-based wealth management firm Argent Financial Group, is now responsible for client assets of more than $11 billion.

85. Yellen: A Rate Increase May Be Warranted Later This Year -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said Friday that continued improvement in the U.S. economy means an increase in the Fed's key interest rate could come later this year.

86. Plans Revealed for $55 Million Central Station Project -

Conceptual plans were revealed Friday for the widely anticipated redevelopment of Central Station.

Archie Willis of Community Capital and developer Henry Turley outlined the $55 million plan for the finance committee of the Memphis Area Transit Authority.

87. Archimania Moving Forward With South Main Plans -

Memphis architecture firm archimania is inching closer to building a new headquarters and apartment development in the South Main neighborhood Downtown.

Archimania hopes to build a 5,000-square-foot office building, a 20-space surface parking lot and a six-unit apartment building at 705 S. Main St., which is located southeast of the Main and East Carolina Avenue intersection.

88. US Home Sales Rebound Slightly in February -

WASHINGTON (AP) – Slightly more Americans bought homes in February, but tight inventories, affordability problems and nasty winter weather point to sluggish sales in the coming few months.

89. EDGE Developing Guidelines for Destination Retail Incentives -

When Swedish furniture retail giant Ikea announced it wanted to build one of its destination retail centers in Memphis, the company was greeted with open arms.

Mayor A C Wharton Jr. even held a City Hall press conference to announce the news in December.

90. Chicago-Based LivCor Snaps Up Memphis Apartment Community -

9230 Thornbury Boulevard
Memphis, TN 38125
Sale Amount: $51.3 million

Sale Date: Feb. 27, 2015
Buyer: BRE Piper MF Forest Creek TN LLC, an affiliate of Chicago-based LivCor LLC,
Seller: Forest Creek Apartment Associate LLC and Forest Creek Land Associates LLC, affiliates of Carter Hastin Real Estate Services Inc.
Loan Amount: $44.2 million
Loan Date: Feb. 27, 2015
Lender: Wells Fargo Bank
Details: The Preserve at Forest Creek Apartments in Southeast Memphis has been sold for $51.3 million.

91. Battle of the Band(width) -

Joyce Coltrin’s business is wandering in Bradley County’s technological wilderness. And it’s likely to remain there – because of legal threats – until the General Assembly changes state law.

92. Misappropriation -

On the golf course, a 20-foot putt rolls on a green, slows down, collides with the right half of the hole, spins 360 degrees along the rim, and winds up hanging on the front edge of its destination. “Call nine-one-one!” a player says. “You were robbed!”

93. Target Lays Off 1,700, Won't Fill Another 1,400 Vacancies -

MINNEAPOLIS (AP) – Target Corp. said Tuesday that it is laying off 1,700 workers and eliminating another 1,400 unfilled positions as part of a restructuring aimed at saving $2 billion over the next two years.

94. Solid US Jobs Report: 295,000 Positions Added -

WASHINGTON (AP) – A burst of hiring in February underscored the resilience and confidence of U.S. businesses, which are adding workers at the fastest pace in 17 years. Yet the strong job gains did little to raise wages last month.

95. Space Race -

Businesses looking for office space in Nashville are learning a painful lesson that homebuyers already know – prices are high, and if you take time to shop around for a better deal, someone else is likely to snap up the property, leaving you out in the cold.

96. Southbrook Project Resurfaces Again -

The owners of Southbrook Mall got $1.5 million in improvements from City Hall this week. But it wasn’t the $1.5 million the owners of the Whitehaven mall wanted in 2012, when the city contemplated giving them that sum to fix the roof and make repairs to the mall’s heating and air conditioning system.

97. Council Delays Financial Votes, Approves Beale Street Authority -

Memphis City Council members approved a $4.5 million advance Tuesday, March 3, for the Memphis Area Transit Authority to get past a cash flow problem.

But the council delayed for two weeks a vote on a larger mid-fiscal year budget adjustment for city government in general.

98. Rhodes Results -

Capital campaigns are usually about buildings. And the just-completed capital campaign at Rhodes College includes a new science building that will break ground in the summer and complete the quadrangle of the private liberal arts college’s scenic campus.

99. Brewery Developers Buy Site for New Apartment Building -

11 Butler Ave.
Memphis, TN 38103
Sale Amount: $1.25 million

Sale Date: Feb. 23, 2015
Buyer: 495 Tennessee LLC
Seller: BCH Investments LLC
Details: The team behind the development of the historic Tennessee Brewery has acquired a key piece of property adjacent to the long-vacant structure as plans for the new Tennessee Brewery: The Revival series of events there move forward.

100. Goldman Sachs ‘Confident’ in Memphis -

In April, Rachel Diller, managing director of the urban investment group at Goldman Sachs, received a phone call in her New York office from officials at Phoenix-based Dudley Ventures.

The executives at Dudley Ventures, which specializes in large tax-credit supported projects, were arranging financing for the $200 million effort to transform the old Sears Crosstown property and wanted to know if the New York-based investment bank was interested.