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Editorial Results (free)

1. A Q&A With Wall Street's Top Psychiatrist on Market Turmoil -

NEW YORK (AP) — When it seems like the stock market has lost its mind, big banks and investment firms often turn to one particular psychiatrist: Richard Peterson, CEO of MarketPsych, a firm that applies research from behavioral science to financial markets.

2. Tennessee Governor Leading Trade Mission to Israel -

NASHVILLE, Tenn. (AP) — Tennessee Gov. Bill Haslam is headed on a trade mission to Israel on Saturday.

The Republican governor will be joined by five state economic development officials and 18 representatives from research institutions and the private sector in Tennessee.

3. DHG Named to CNBC Wealth-Management List -

DHG Wealth Advisors LLC has been named to CNBC’s 2015 Top 100 Fee-Only Wealth Management Companies in the United States.

4. New York Life Sells Warehouses for $13M -

New York Life Insurance Co. has sold two distribution centers in Southpark Distribution Center for a combined $13 million.

5. US Economy's Second Quarter Went From Solid to Stellar -

WASHINGTON (AP) — The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds.

6. US Durable Goods Orders Up 2 percent in July -

WASHINGTON (AP) — Orders to U.S. factories for long-lasting manufactured goods rose for a second month in July, and demand in a key category that tracks business investment plans jumped by the largest amount in 13 months.

7. Despite Stock Fall, Financial Health of Many Remains Solid -

WASHINGTON (AP) — Many Americans have just absorbed a financial beating — at least as measured by their stock holdings. It's the kind of blow that can feed a sense of helplessness about retirement, college savings and higher-than-expected bills.

8. DHG Named to CNBC Wealth-Management List -

DHG Wealth Advisors LLC has been named to CNBC’s 2015 Top 100 Fee-Only Wealth Management Companies in the United States.

9. New York Life Sells Warehouses for $13M -

New York Life Insurance Co. has sold two distribution centers in Southpark Distribution Center for a combined $13 million.

10. Playing the Pullback -

After four years of up, markets have quickly entered correction territory. Unfortunately, since most investors operate with short memories, the current pullback feels major since recent comparisons have been minor. However, markets corrections don’t presage negative annual returns.

11. Shelby County Budget Summit Call Begins With Different Priorities -

Shelby County government’s financial needs have changed in the nearly two months since the new fiscal year began.

And Shelby County Mayor Mark Luttrell called Monday, Aug. 24, for a “budget summit” with county commissioners and county trustee David Lenoir to explore the new budget realities.

12. Memphis Investment Professionals Preach Caution Amid Market Swings -

The 1,000-point drop at one point Monday, Aug. 24, in the Dow Jones Industrial Average – it ended the day down 588 points to close at an 18-month low – was a result of volatile trading that marked a stomach-churning start to the week for investors.

13. Famed Wine Cellar Maker Toasts East Memphis Job -

An international, custom wine cellar company has uncorked its crown jewel in Memphis. Michigan-based Revel Custom Wine Cellars has been working for two years to craft the perfect wine haven for a local tech entrepreneur.

14. Renshaw Rehabs Spiffs Up Houses To Fetch Bigger Price Tags -

With a recent market uptick, Memphis-area Realtors are having to bring in outside help to get properties ready for sale.

Renshaw Property Management has launched a new division, Renshaw Rehabs, for the purpose of aiding distressed properties.

15. University’s Crews Center Launches Seed Fund -

The University of Memphis Crews Center for Entrepreneurship has taken what stakeholders said is a natural next step as part of acting as the university’s hub for commercializing ideas into successful startups.

16. Sales of Senior Living Facilities Up in 2015 -

Mirroring national trends that show an increase in interest by investors in senior living facilities, the number of nursing home/elderly housing facilities that have changed hands is on the rise in Shelby County.

17. Brookhaven Boom -

Downtown has the South Main Historic Arts District and the Main Street core. Midtown has Cooper-Young, Overton Square and the Broad Avenue Arts District, among others.

In East Memphis, defining a proper restaurant and entertainment district might seem to be more difficult, but in fact it’s existed all along on Brookhaven Circle. It’s just taken a few new restaurant openings to bring the neighborhood into full focus.

18. Target Is Getting its Groove Back: Turnaround Takes Hold -

NEW YORK (AP) — Target is on its way back.

Shoppers are visiting the company's stores more often and spending more on each trip, the Minneapolis-based discount-store chain said Wednesday. The company raised its annual profit outlook and said its second-quarter net income more than tripled.

19. Home Depot Separates Itself From Retail Crowd in 2Q -

NEW YORK (AP) — Homes are getting a lot of TLC from their owners of late, which means better sales for businesses like Home Depot.

The world's largest home improvement retailer reported second-quarter results on Tuesday that surpassed Wall Street expectations, thanks largely to consumers opening their wallets. But Home Depot knows it's a change in mindset that is spurring homeowners to action.

20. Pay Raises, Store Spruce-Ups Crimp Wal-Mart's Profit -

NEW YORK (AP) — Wal-Mart's second-quarter earnings report was a mixed bag: Its investments to overhaul its stores are helping to perk up sales, but they're causing more pain to the bottom line than expected.

21. Proposal Prompts Closer Look at Tax Breaks -

In recent years, the tax incentives used to bring economic development and jobs to Memphis have been a lightning rod.

The debate’s volume grew as it became apparent that Memphis was emerging from the national recession at a slower pace than other major cities as well as some parts of rural west Tennessee and north Mississippi.

22. Developers Seek $24.4 Million Tax Break for Mall Site -

The owners of the former Mall of Memphis property are seeking a 15-year tax break for a $112.7 million “Aerotropolis development.”

Huntington Industrial Partners of Atlanta and Johnson Development Associates Inc. of Spartanburg, S.C., have applied for the payment-in-lieu-of-taxes, or PILOT, agreement for a speculative industrial building on the 113-acre site at American Way and Perkins Road.

23. $113 Million Development Planned for Mall of Memphis Site -

The owners of the former Mall of Memphis property are seeking a 15-year tax break for a $112.7 million “Aerotropolis development.”

Huntington Industrial Partners of Atlanta and Johnson Development Associates Inc. of Spartanburg, S.C., have applied for the payment-in-lieu-of-taxes, or PILOT, agreement for a speculative industrial building on the 113-acre site at American Way and Perkins Road.

24. Equity Firms Should Leverage Innovation -

On the strategy side of our business, we work with many private equity-backed companies. We get called in when the growth trajectory and investment thesis aren’t being realized as projected.

We complete a diagnosis, based on a holistic evaluation of the market, competition, culture, marketing and operations of the firm. Applying a variety of in-depth primary and secondary forms of research and analysis, we develop a roadmap of real, organic growth.

25. Onyx Equities Expands Operations to Memphis -

A New Jersey-based real estate investment, management and development firm has added a Memphis office to accommodate its growing management portfolio of real estate owned (REO) and receivership properties.

26. Disney Store Distribution Center Sells for $27.5M -

DDC Investment Inc., a Colorado nonprofit corporation, has acquired The Disney Store’s Memphis distribution operation.

27. River City Capital Gets Key Certification -

The U.S. Treasury Department’s Community Development Financial Institutions Fund has certified River City Capital Investment Corp. in Memphis as a Community Development Financial Institutions Fund.

28. Indie Memphis Doubles Length, Adds Downtown -

The Indie Memphis Film Festival will extend its presence back Downtown this year – for the first time since 2006 – with a series of events scheduled on top of its Midtown offerings.

This year’s festival, set for Nov. 3-10, will also be bigger – up from four days in previous years. In addition to hosting screenings and events in Overton Square, this year’s festival will offer programs Downtown at the new Halloran Centre for Perfoming Arts & Education next door to the Orpheum Theatre.

29. Real Deal -

They were tossing around numbers, trying to guess the win total for the 2015 University of Memphis football season.

In the not-too-distant past, the two Highland Hundred members and longtime season-ticket holders might have been able to add their guesses together and still come up short of the six victories needed for their favorite team to be bowl-eligible.

30. Demo Day Brings Together Start Co., ZeroTo510 Entrepreneurs -

The entrepreneurial ecosystem was more abundant than ever at Demo Day 2015, where Start Co. and ZeroTo510 worked in conjunction for the first time to present graduates of their business accelerator programs to investors and community leaders.

31. Onyx Equities Expands Operations to Memphis -

A New Jersey-based real estate investment, management and development firm has added a Memphis office to accommodate its growing management portfolio of real estate owned (REO) and receivership properties.

32. Kraft Heinz Slashing 2,500 Jobs in US, Canada After Merger -

NEW YORK (AP) — Kraft Heinz says it is cutting about 2,500 jobs as part of its plan to slash costs after the food companies combined.

Spokesman Michael Mullen says affected workers are in the U.S. and Canada and were to be notified in person. About 700 of the cuts were coming in Northfield, Illinois, where Kraft had been headquartered.

33. River City Capital Gets Key Certification -

The U.S. Treasury Department’s Community Development Financial Institutions Fund has certified River City Capital Investment Corp. in Memphis as a Community Development Financial Institutions Fund.

34. Google Forms a New Holding Company, 'Alphabet' -

SAN FRANCISCO (AP) — Google is creating a new company to oversee its highly lucrative Internet business and a growing flock of other ventures, including some — like building self-driving cars and researching ways to prolong human life — that are known more for their ambition than for turning an immediate profit.

35. $9.5 Million Permit Filed For Downtown Hotel -

310 Union Ave.
Memphis, TN 38103

Permit Cost: $9.5 million

Permit Date: Applied August 2015

36. Buffett's Biggest Bet: Berkshire Hathaway Buying Precision Castparts for About $32B -

OMAHA, Neb. (AP) — Warren Buffett is making the biggest bet of his long investment career, a $32.36 billion buyout of Precision Castparts in a deal that will continue to reshape his Berkshire Hathaway conglomerate.

37. Indie Memphis Doubles Length, Adds Downtown Presence -

The Indie Memphis Film Festival will extend its presence back Downtown this year – for the first time since 2006 – with a series of events scheduled on top of its Midtown offerings.

This year’s festival, set for Nov. 3-10, will also be bigger – up from four days in previous years. In addition to hosting screenings and events in Overton Square, this year’s festival will offer programs Downtown at the new Halloran Centre for Perfoming Arts & Education next door to the Orpheum Theatre.

38. Disney Store Distribution Center Sells for $27.5M -

DDC Investment Inc., a Colorado nonprofit corporation, has acquired The Disney Store’s Memphis distribution operation.

39. Why Hesitate? Innovate. -

Often there is so much anxiety about innovation. Is it just a fad, or is it a viable, potent form of value generation?

Is it something that needs to be outsourced, set up as a skunk works, or can I add it to the existing responsibilities of our employees?

40. Summer Jobs Programs Mark End of Season -

With the school year about to begin, two summer jobs and job-training programs marked the end of their work for the summer.

The Earn and Learn Summer Youth Experience of the Workforce Investment Network graduated 19 teenagers and young adults, ages 16-21, Thursday, July 30. The graduates earned information technology certification while making about $13 an hour for eight weeks.

41. Start Co., ZeroTo510 Win $50,000 SBA Awards -

The Memphis-based startup accelerator Start Co. and Memphis medical device accelerator ZeroTo510 both won $50,000 awards from the U.S. Small Business Administration’s Growth Accelerator Fund.

42. The Shops of Collierville Sells for $7.4 Million -

Mount Pleasant, S.C.-based Ziff Properties Inc. has acquired The Shops of Collierville for $7.4 million, according to a special warranty deed filed Aug. 3.

43. Wunderlich Taps New General Counsel -

Memphis-based investment firm Wunderlich Securities has named James Ritt as its new chief compliance officer and general counsel.

He has 30 years of experience in the securities industry, including serving as general counsel for Memphis-based Morgan Keegan from 1998 to 2012. More recently, he served as general counsel and chief legal officer for Birmingham-based Sterne Agee Group from 2012 to 2014.

44. Disney Store's Memphis Distribution Center Sells for $27.5 Million -

DDC Investment Inc., a Colorado nonprofit corporation, has acquired The Disney Store’s Memphis distribution operation.

45. The Shops of Collierville Sells for $7.4 Million -

Mount Pleasant, S.C.-based Ziff Properties Inc. has acquired The Shops of Collierville for $7.4 million, according to a special warranty deed filed Aug. 3.

46. Be Prepared for That Inevitable Computer Crash -

Editor’s note: This is the second part of a series on being nimble and proactive with technology in the small-business world.

Recently our team received a flood of support requests for failed hard drives. Users were frantic to salvage documents or key projects from their devices. Fortunately we were able to recover quite a few. But each instance serves as a reminder that success is 90 percent preparation and 10 percent perspiration.

47. ZeroTo510 Wins Award From Small Business Administration -

Memphis’ medical device accelerator ZeroTo510 was one of the 80 winners this week in the U.S. Small Business Administration’s annual Growth Accelerator Fund Competition.

Each winning organization will get a cash prize of $50,000 from the SBA. In accepting the funds, the accelerators also will be committing to quarterly reporting for one year. They will be required to report metrics such as jobs created, funds raised, startups launched and corporate sponsors obtained.

48. Regions Wealth Executive Talks Expansion, Growth Opportunities -

Travis LeMonte has been on the job for a little more than two months, but the executive leading Regions Private Wealth Management in West Tennessee already is talking expansion and adding to his team’s wealth management firepower.

49. HGTV Helps Boost Scripps Networks Second-Quarter Profit -

KNOXVILLE, Tenn. (AP) – Strong ratings at HGTV and a rise in revenue from the home improvement network, provided a second-quarter boost for parent company Scripps Networks Interactive.

50. Wunderlich Taps New General Counsel -

Memphis-based investment firm Wunderlich Securities has named James Ritt as its new chief compliance officer and general counsel.

He has 30 years of experience in the securities industry, including serving as general counsel for Memphis-based Morgan Keegan from 1998 to 2012. More recently, he served as general counsel and chief legal officer for Birmingham-based Sterne Agee Group from 2012 to 2014.

51. Start Co. Wins $50,000 SBA Award -

The Memphis-based startup accelerator Start Co. has won a $50,000 award from the U.S. Small Business Administration’s Growth Accelerator Fund.

52. Is the Market Flourishing Or Flailing Right Now? -

4 Percent: On Feb. 4 of this year, the S&P 500 closed at 2,041. In the nearly six months since that date, the S&P 500 has basically been boxed into a trading range. That range has had a floor of 2,040 and a ceiling of 2,130 (an all-time high that was reached on May 21).

53. Cadence Bank Supports Memphis Organizations with Direct, Indirect Aid -

Banks are important community institutions not just for the services they provide – consumer loans, small business financing, etc. – but also for the investment they make in communities.

Such investments include the one announced by Cadence Bank recently, a six-figure equity-equivalent investment to River City Capital to support its Small Business Loan Fund.

54. Improving Access -

With Hispanics expected to make up 31 percent of the nation’s population by 2060, Christian Brothers University is investing in its growing community by pledging $12.5 million to go toward scholarships for immigrant students whose legal residency status may be in question.

55. Tennessee Tops Economic Development Rankings -

Tennessee has been named the No. 1 state for both automotive manufacturing strength and tech-skills education, according to national economic development publication Business Facilities.

The state received several other high rankings in the annual report, including No. 2 in both the Best Business Climate and Best Infrastructure categories, No. 4 in Workforce Training Leaders and No. 7 in Automotive Employment Leaders.

56. Earnings Season Roundup -

International Paper Reports Q2 Earnings Growth: International Paper reports its second-quarter net earnings grew while net sales for the quarter decreased slightly.

The Memphis-based company, which released its quarterly financial results Wednesday, July 29, said second-quarter earnings totaled $227 million, or 54 cents per share. That’s up from $161 million, or 37 cents per share, in second quarter 2014, but down from $313 million, or 74 cents per share, in first quarter 2015.

57. Cadence Announces Support for River City Capital -

Cadence Bank has announced a $200,000 equity-equivalent investment to River City Capital Investment Corp. to support its Small Business Loan Fund.

58. Summer Jobs Programs Mark End of Season -

With the school year about to begin, two summer jobs and job-training programs marked the end of their work for the summer.

The Earn and Learn Summer Youth Experience of the Workforce Investment Network graduated 19 teenagers and young adults, ages 16-21, Thursday, July 30. The graduates earned information technology certification while making about $13 an hour for eight weeks.

59. 'En Fuego' -

When Southaven Mayor Darren Musselwhite took office in June 2013, one of the first tasks that landed on his desk was a long-planned regional outlet mall.

The outlet mall, planned for a roughly 33-acre site at Church Road and Interstate 55 in the DeSoto County city, had been on the drawing board for some time, but the recession and its aftermath caused developers and Mississippi officials to put it on hold.

60. Tennessee Tops Economic Development Rankings -

Tennessee has been named the No. 1 state for both automotive manufacturing strength and tech-skills education, according to Business Facilities magazine, a national economic development publication.

61. EdR Reports Rising Second-Quarter Earnings -

EdR reported rising second-quarter earnings Thursday, July 30.

The Memphis-based college housing real estate investment company reported net income of $2.9 million, or 6 cents per share. That compares to an $8.8 million, or 23-cent per share, loss over the same three-month period last year.

62. Warehouse At Perimeter Point Sells for $775,000 -

A Perimeter Point industrial building has been sold for $775,000.

Missouri-based Martabra Real Estate LLC acquired the flex warehouse building at 5055 Covington Way, just off Covington Pike south of Elmore Road, from CP Perimeter Point LLC, an affiliate of California-based Coastal Partners LLC.

63. US Economy Posts Solid 2.3 Percent Growth Rate in Q2 -

WASHINGTON (AP) — The U.S. economy posted a solid rebound in the April-June quarter after a harsh winter, led by a surge in consumer spending and a recovery in foreign trade that bode well for the rest of the year.

64. MAA Reports Surging Profits -

Mid-America Apartment Communities Inc. reported a banner second quarter highlighted by surging profits.

65. Spending Every Dime – Is It Feasible? -

Ray’s Take In the good old days, when you retired you got a gold watch and a pension and didn’t worry about much else.

Investment management was somebody else’s problem. You watched the sunset, not CNBC. This gave way to more recent retirement planning where you worked 30 or 40 years, saving along the way and when you got to 67 (or older) you quit, and lived on your Social Security and 401(k) savings and sometimes some part-time work. If you did it “right” you withdrew a set percentage of the funds and lived comfortably until age 85, as long as you didn’t hit some kind of devastatingly expensive health event.

66. Fed Holds Steady on Rates, Seeks Further Economic Gains -

WASHINGTON (AP) — The Federal Reserve appears on track to raise interest rates later this year but signaled Wednesday that it wants to see further economic gains and higher inflation before doing so.

67. LYFE Kitchen, 5 Spot Seek Approval for New Signage -

Two Downtown businesses, including the Chisca Hotel, are seeking approval from regulators for new external signs.

Carlisle Corp. is asking the Downtown Memphis Commission’s Design Review Board to approve a new sign for a LYFE Kitchen restaurant at the Chisca, 272 S. Main St., which the Memphis-based company is redeveloping into apartments and some commercial space.

68. As Fed Meets, It Edges Toward First Rate Hike Since 2006 -

WASHINGTON (AP) — The Federal Reserve is getting close to raising interest rates for the first time in nearly a decade, perhaps in September. When it meets this week, though, don't expect any timetable for a rate hike to be spelled out in a post-meeting statement. For now, the Fed wants to keep its options open.

69. Orders For US Durable Goods Jump 3.4 Percent in June -

WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, but the advance was fueled by higher demand for commercial aircraft. Outside of this volatile category, a key category that represents business investment rose by a far more modest amount.

70. ‘Play Together’ -

The Memphis Medical Center is a hotbed of nationally renowned research and health care, but after dark the area might as well be dead.

Despite a workforce of 16,000 and a student base of 8,000, there are limited residential facilities and only a handful of nearby restaurants. But that’s all poised to change thanks to a partnership with an outside consulting group.

71. New Daisy Renovation Signals New Era for Historic Building -

With a national partner found in Live Nation Entertainment, the New Daisy Theater is getting all dolled up to host nearly 200 musical acts annually.

The job doesn't just call for a new coat of paint to cover the decades of graffiti: the historic theater at 330 Beale is getting a complete overhaul.

72. Build Out -

Boyle Investment Co. is building a 52,000-square-foot office building at its Schilling Farms community in Collierville in which Helena Chemical Co.’s Southern Business Unit will lease half of the space.

73. Memphis Sole -

The football field measurements are perhaps inevitable in describing just how big Nike’s Northridge distribution center in Frayser is after its $301 million expansion.

The 2.8 million-square-foot facility – the equivalent of 49 football fields – is Nike Inc.’s largest distribution center in the world.

74. GM Tops 2Q Profit Forecasts on Trucks, SUVs -

DETROIT (AP) — Big profits from trucks and SUVs helped General Motors overcome a sales slowdown in China, economic problems in Venezuela and payments to ignition switch crash victims as the automaker's second-quarter net income rose sixfold to nearly $1.12 billion.

75. Cheaper Fuel Helps Southwest, United Post Record 2Q Profits -

DALLAS (AP) — Cheaper fuel and full planes are adding up to record airline profits, and the carriers are sharing the bounty with stockholders.

They're finally even giving passengers a break on fares.

76. Amazon Shares Jump on Surprise 2Q Profit -

SEATTLE (AP) — Amazon.com reported a surprise second-quarter profit Thursday on continued strength of its cloud-computing business and strong revenue both domestically and abroad.

77. Dunavant Bulks Up in Memphis, Texas -

Richard McDuffie was busy working in his East Memphis office when a company representative delivered the news.

78. Why Airlines Keep Pushing Biofuels: They Have No Choice -

NEW YORK (AP) — The number of global fliers is expected to more than double in the next two decades. In order to carry all those extra passengers, airlines are turning to a technology very few can make work on a large scale: converting trash into fuel.

79. Unemployment Fell in 21 US States in June -

WASHINGTON (AP) — Unemployment rates fell last month in 21 U.S. states and were unchanged in 17, as widespread job growth and a shrinking workforce reduce the ranks of those out of work.

80. Ikea Buys Cordova Acreage For Planned Memphis Store -

41 Acres for
Future Ikea Store

Sale Amount: $5.7 million

Sale Date: July 10, 2015

Buyer: IKEA Property Inc.

81. Clinton to Propose Increasing Capital Gains Taxes -

WASHINGTON (AP) — Hillary Rodham Clinton plans later this week to propose raising capital gains taxes for some investors, part of a larger campaign effort to encourage greater focus on longer-term economic growth rather than more immediate gains for investors.

82. Memphis Tourism Officials: Limit Hotel Tax Breaks -

A wave of Downtown hotel plans has officials pumping the brakes on using public incentives for smaller, limited-service hotels.

With up to a dozen Downtown hotel projects in the development pipeline, the Memphis Convention and Visitors Bureau has asked the Downtown Memphis Commission to explore limiting incentives to large, full-service hotels.

83. 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.

84. Crowne Plaza Downtown Getting $7 Million Facelift -

The new owners of the Crowne Plaza Memphis Downtown are launching a top-to-bottom renovation of the property.

Memphis-based Architecture Inc. will lead the $7 million renovation, which will include guest room upgrades, public space improvements and the relocation of some amenities to maximize space.

85. Waddell and Associates Honored by CNBC -

Memphis-based wealth management firm Waddell and Associates Inc. has been ranked 29th on CNBC's list of “Top 100 Fee-Only Wealth Managers” for 2015.

86. REIT Buys Sears Properties in Sale-Leaseback -

In part of a major transaction to increase cash flow and make their retail spaces more productive, Sears Holdings Corp. sold four Memphis properties to its newly formed public real estate investment trust, Seritage Growth Properties, for a combined $17.6 million.

87. As Amazon Turns 20, A Look at Its Biggest Bets -

NEW YORK (AP) – Amazon has come a long way from selling books out of a Seattle garage.

The company had an inauspicious start in July 1995 at the dawn of the Web as an online bookseller. It narrowly escaped the dot-com bust of 2000 to reinvent online retailing. And eventually, it morphed into the global e-commerce powerhouse it is today with $89 billion in annual revenue.

88. Waddell and Associates Honored by CNBC -

Memphis-based wealth management firm Waddell and Associates Inc. has been ranked 29th on CNBC’s list of “Top 100 Fee-Only Wealth Managers” for 2015.

89. On Edge -

In February Sam Carolan was planning to move from Austin, Texas, to Memphis to become a digital sales specialist for Nexstar Broadcasting Group Inc., which owns the ABC24 and CW30 television channels.

90. Yellen: First Fed Rate Hike Likely Later This Year -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said Wednesday she is encouraged by signs that the economy is reviving after a brutal winter. And if the improvements stay on track, the Fed will likely start raising interest rates later this year.

91. LRK Launches Expansion in Downtown Memphis -

Looney Ricks Kiss is embarking on an expansion of its Downtown Memphis headquarters.

The Memphis-based architecture, planning and design firm is expanding its office footprint by about 60 percent as part of a long-term lease extension at the Toyota Center building adjacent to AutoZone Park, 175 Toyota Plaza.

92. Tennessee’s ‘Fighting 26’ Democrats Work to Stay Relevant -

Sometimes Tennessee Democrats must feel like a tree that falls in the forest: Does anyone hear them?

When Democratic legislative leaders called for a special session this summer on Insure Tennessee, Gov. Bill Haslam’s market-based plan to use federal dollars to catch 280,000 working people in a health care coverage gap, they found themselves alone.

93. REIT Buys Sears Properties in Sale-Leaseback Transaction -

In part of a major transaction to increase cash flow and make its retail spaces more productive, Sears Holdings Corp. sold four Memphis properties to its newly formed public real estate investment trust, Seritage Growth Properties, for a combined $17.6 million.

94. How the Tennessee Business Court Affects the Business Community -

When business disputes cannot be resolved by negotiation or arbitration, the parties involved often turn to litigation. However, these business disputes frequently involve complex, time-consuming and costly proceedings that would be more appropriate in a specialized forum.

95. Madeline Patterson Joins Burson Campaigns -

Madeline Patterson has joined the Memphis office of Burson Campaigns, the corporate issues management unit of Burson-Marsteller, as a vice president. In her new role, Patterson will work with Burson clients on issues and crisis management, communications strategy, and integrated marketing and communications campaigns.

96. JPMorgan 2Q Profit Up As Bank Trims Expenses -

NEW YORK (AP) — JPMorgan Chase & Co.'s second-quarter profit rose 4 percent as the bank made up for lower revenue by cutting expenses.

97. Beale Authority Prepares to Negotiate Lease With Memphis Leaders -

The Beale Street Tourism Development Authority is at what Downtown Memphis Commission president Paul Morris describes as an “awkward interim stage.”

98. Dresden Site Certified as Shovel-Ready -

A “pad ready” greenfields site on Swanson Drive in Dresden, Tenn., is one of three across the state named Thursday, July 9, as a Select Tennessee Certified Site” by the Tennessee Department of Economic and Community Development.

99. Sliding Into Home Easier Without Balks, Walks, Brushbacks -

Real estate is a bit like baseball. It seems easy enough until a person takes a shot at explaining the intricacies of the respective fields.

Training a new agent how to use the various contracts such as the Purchase and Sale Agreement, Confirmation of Agency Status, Disclaimer, Lead Based Paint Disclosure, the various releases, disclosures are as confusing as why a foul ball is a strike unless it isn’t on the would-be third strike.

100. Boner, Fate and the Summer of Shame -

Phil Bredesen knew what he was trying to do. He just didn’t know if he could accomplish it.

“I had this sense that Nashville was ready for change,” says the former Metro mayor and Tennessee governor, reflecting on his early motivation for taking on the system that had run Nashville for decades.