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Editorial Results (free)

1. Council Weighs Timeline for Key Votes -

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

2. Council to Review Actuary Numbers Tuesday -

Memphis City Council members meet in committee Tuesday, June 10, at 5 p.m. to go over the latest numbers from the actuary consulting firm they hired to review city finances.

Segal Consulting of Atlanta’s preliminary estimate of the city’s unfunded pension liability was $457 million, well below the $700 million preliminary estimate from Memphis Mayor A C Wharton Jr.’s administration.

3. Council to Discuss Retirement Plan Changes -

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

4. Council Mulls Pension Liability Numbers -

The leaders of the city’s police and fire unions watched closely Tuesday, May 7, at City Hall as new numbers on the city’s pension liability from a new group of actuaries appeared to reset the ongoing discussion about city finances.

5. Actuary Estimates Lower Pension Liability Numbers -

The actuary firm hired by the Memphis City Council to help the council navigate the city’s unfunded pension liability told the council Tuesday, May 6, that the city’s unfunded pension liability is $457 million and the city’s annual required contribution on the liability should be $69.3 million.

6. Venture Investments Highest Since 2001 -

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

7. Venture Investments Highest Since 2001 -

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

8. Survey Finds CEOs More Confident on Global Economy -

DAVOS, Switzerland (AP) – With the worst of the global financial crisis behind them, CEOs are ready to move on from the fight for survival their businesses have been in for the past few years, a survey found Tuesday.

9. City Leaders Outline Pension Crisis Talks -

There still isn’t an agreement on the numbers. But the administration of Memphis Mayor A C Wharton Jr. met late last week with leaders of the unions representing city employees about the conclusion in a consultant’s report that the city’s pension fund liability is unsustainable to the tune of hundreds of millions of dollars.

10. City Pension Crisis Goes Silent but Still Moving -

City Council member Lee Harris said it was the subject at hand Tuesday, Sept. 17, during the day of committee hearings and council session at City Hall.

11. City Hall Goes Back to Financial Issues -

After a summer break, the concerns about the long-term financial health of Memphis city government go back to the front political front burner at City Hall Tuesday, Sept. 17.

Memphis City Council members will take up a new report on the city’s pension plan that concludes the plan for city employees is unsustainable and “has continued to deteriorate.”

12. Other Shoe Drops in Troubled City Hall Finances -

Concerns about the long-term financial health of Memphis city government that subsided in June go back to the front political burner at City Hall this week.

The administration of Memphis Mayor A C Wharton Jr. has a report on the city’s pension plan from PricewaterhouseCoopers LLP of Atlanta that concludes the city’s pension plan for city employees is unsustainable and “has continued to deteriorate.”

13. CEOs Head to Davos More Pessimistic About 2013 -

DAVOS, Switzerland (AP) – The snow has fallen and the hotels are ready, but the CEOs gathering in Davos for the World Economic Forum are facing strong worries about public mistrust, disappearing jobs and a shaky global recovery.

14. Cybercrime on the Rise -

Despite increased awareness of cybercrime, cyber-attacks continue to plague companies from Memphis to Brussels to Subic Bay.

Cyber attacks are typically defined as criminal activities that are conducted by means of the Internet. With more and more companies relying on the Internet to do business, the frequency of cybercrime is certain to increase. These technology-based attacks can include stealing an organization’s intellectual property, gaining access to online bank accounts, creating and distributing viruses, and posting confidential business information on the Internet.

15. ULI Event To Tackle CRE Outlook -

Most commercial real estate markets have stabilized, but improvement in occupancies and rents won’t be as certain in 2012.

That’s the message real estate professionals will receive Tuesday, Dec. 6, when the Urban Land Institute District Council Memphis hosts its fifth annual Real Estate Outlook for the Mid-South at the Holiday Inn University of Memphis’ Tennessee Ballroom, 3700 Central Ave.

16. Buffett's Firm Buys About $10.7B in IBM Shares -

OMAHA, Neb. (AP) – Investor Warren Buffett says his company bought about $10.7 billion of IBM stock this year, giving it a stake of more than 5 percent in the technology company.

Buffett revealed the investment during an interview on CNBC on Monday. Buffett's company, Berkshire Hathaway Inc., planned to file a full quarterly update on its U.S. stock portfolio Monday afternoon.

17. McGuire Joins Accounting Firm Dixon Hughes Goodman -

Dixon Hughes Goodman LLP, the new firm formed earlier this year with the combination of Memphis accounting firm Dixon Hughes PLLC and Virginia-based accounting firm Goodman & Co. LLP, has a new senior manager in Memphis leading the office’s financial institutions services group.

18. ULI Conference to Tackle Emerging Trends -

As real estate professionals gather this week to take a look at the latest numbers and trends, they will also get a broader economic view of the recession’s effect on the industry.

They will get a glimpse into the current market Wednesday when the Urban Land Institute (ULI) District Council Memphis holds its annual Real Estate Outlook for the Mid-South.

19. Colleges: Freshmen Looking for Career Advice Now -

PHILADELPHIA (AP) – As college freshmen nationwide continue exploring their campuses – finding dining halls, laundry rooms, bookstores and gyms – officials at many schools say the newbies are increasingly finding their way to career centers.

20. Report: Employers to See 2011 Medical Costs Jump -

INDIANAPOLIS (AP) - Companies that offer employee health insurance expect another steep jump in medical costs next year, and more will ask workers to share a bigger chunk of the expense, according to a new PricewaterhouseCoopers report.

21. Hotel Rates Down 8.8 Percent This Year -

NEW YORK (AP) - Hotel room prices are expected to drop a total of 8.8 percent in 2009 compared to 2008 and will continue creeping down in 2010, though at a much slower rate, according to the 2010 lodging forecast from PricewaterhouseCoopers Hospitality & Leisure Practice.

22. Insurance Industry Assails Health Care Bill -

WASHINGTON (AP) - Insurance companies aren't playing nice any more on the health care overhaul.

The industry put out a report Monday concluding that the Senate's health care legislation would drive up costs to consumers, delivering a dire message at a crucial point in the debate and potentially threatening President Barack Obama's top domestic priority.

23. Grocery Aisle Relief as Food Prices Fall -

Grocery shoppers are finally seeing some reprieve from last year's steep price increases.

Food prices are dropping on some key items as retailers slash prices to better compete and food makers do more promotions and pass along savings from lower ingredient and gasoline costs.

24. Report: Health Care Costs to Rise 9 Pct in 2010 -

INDIANAPOLIS (AP) - Employers who offer health insurance coverage could see a 9 percent cost increase next year, and their workers may face an even bigger hit, according to a report from consulting firm PricewaterhouseCoopers.

25. Internet Ad Revenue Falls 5 Percent in First Quarter -

Internet advertising revenue is down 5 percent.

The decline in the first quarter of 2009 represents the first year-over-year decline in seven years as the recession takes its toll even on the hardiest of ad sectors.

26. Japan's Nomura Buys Lehman's Europe, Mideast Units -

TOKYO (AP) - Nomura, Japan's largest brokerage, said Tuesday it would buy the European and Middle Eastern operations of Lehman Brothers - just a day after disclosing it had acquired the Asian units of the failed U.S. investment bank.

27. Survey Finds Fear of Recession Prime Concern Among World's Chief Executives -

DAVOS, Switzerland (AP) - Chief executives from New York to Tokyo are wary that a global recession could put a halt to growth at their companies, according to a survey that showed business confidence had declined among them for the first time since 2003.

28. Memphis Heart Clinic Promotes Shirwany to Cardiovascular Practice -

Memphis Heart Clinic recently appointed Dr. Arsalan Shirwany to its cardiovascular practice. Shirwany is board certified in cardiology, echocardiology and internal medicine. He has served as chief fellow during his cardiology fellowship at the University of Tennessee Health Science Center (UTHSC). Previously, Shirwany was a staff physician with the Veterans Affairs Medical Center at Memphis and an assistant professor of medicine at UTHSC.

29. An Accounting Deal That Really Adds Up -

It's only been a few months since the Memphis accounting firm of Cannon Wright Blount acquired a smaller firm and became one of the largest independent CPA groups in the city.

However, it probably should not come as a surprise that at Cannon Wright Blount (CWB) - whose nontraditional approach to the world of accounting extends all the way to the chic décor in the firm's office - the company's third merger in three years becomes final as of tomorrow.

30. Burch Porter Welcomes McCann To Its Established Ranks -

John McCann's career path recently brought him to Burch, Porter & Johnson PLLC, one of the oldest law firms in the state.

McCann, 33, brings expertise in accounting, as well as prior legal experience, to his current practice, which focuses on product liability defense, personal injury defense and related cases.

31. Hotel Industry Responds to Winds of Change -

Since it opened in 1907, the opulent Plaza Hotel in New York City has hosted kings and presidents, figured prominently in the novel "The Great Gatsby" and been the setting for such Hollywood productions as "North by Northwest."

32. Archived Article: Trends Focus - By Andy Meek

Venture Capital Picture Improves in Memphis

ANDY MEEK

The Daily News

The entrepreneurial spirit is alive and well in Memphis. Thats the judgment of venture capital industry professionals such as Jim Witherington, managing pa...

33. Archived Article: Daily Digest - Crompton Corp

Crompton Corp. Finances

Property for $6.2 Million

Crompton Corp. has financed eight parcels of property near Warford and Pope streets for $6.2 million, according to The Daily News Public Records Database, www.memphisdailynews....

34. Archived Article: Daily Digest - Cordova Lot Financed

Cordova Property

Financed for $1.1 Million

Gill Enterprises has financed one lot on North Germantown Parkway near Cordova Station Road for $1.1 million, according to The Daily News Public Records Database, www.memphisda...

35. Archived Article: Daily Digest - VRF Building Partners

VRF Building Partners

Buys Ridge Lake Property

VRF Building Partners LLC has purchased 1.76 acres of land at 825 Ridge Lake Blvd. near Interstate 240 from RME Associates for $8.2 million, according to The Daily News Pu...

36. Archived Article: Daily Digest - Schering-Plough Names

Schering-Plough Names

Chief Financial Officer

Schering-Plough Corp. has replaced its chief financial officer. Robert Bertolini, 41, previously with PricewaterhouseCoopers, will assume the position Nov. 17. Former CFO J...

37. Archived Article: Benchmark - Angry investors sue over financiers collapse

Angry investors sue over financiers collapse

A group of 184 plaintiffs have filed a lawsuit against Bank One Corp., J.P. Morgan Chase & Co., Credit Suisse First Boston Corp. and others seeking d...

38. Archived Article: Benchmark - Class-action suits filed against reciprocal companies

Class-action suits filed against reciprocal companies

A Tennessee lawyer has filed a class-action suit on behalf of an estimated 14,000 attorneys who bought legal malpractice insurance from...

39. Archived Article: Memos - Philip H

Kim Carter joined Coastal Securities in Memphis as public finance vice president. She earned a master of business administration degree from the University of Memphis and a bachelors degree from Howard University in Washington, D.C. &nbs...

40. Archived Article: Tech Focus - $147 million sought at Venture Forum

Entrepreneurs seek $147 million at venture capital forum

By SUE PEASE

The Daily News

Twenty-two companies are seeking roughly $147 million in venture capital at the sixth annual Tennessee Venture Foru...

41. Archived Article: Tech Focus - Six Month Progress Report

6 months later, tech world much the same

By STEVE PILGRIM

Special to The Daily News

In February, we published an article about the State of the Industry. We took a look at some of the big news facing the technol...

42. Archived Article: Market Briefs - The Service Corps of Retired Executives hosts How to Successfully Manage a Small Business, from 7:45 a The Service Corps of Retired Executives hosts "How to Successfully Manage a Small Business," from 7:45 a.m. to 4:30 p.m. Thursday at the...

43. Archived Article: Tech Focus - Venture Capital in the southeast on upswing VC in Southeast on upswing, in line national trend By SUE PEASE The Daily News After 18 months of steady decline, the venture capital business nationwide is on an upswing. Venture investments fell for five...

44. Archived Article: Kmart P - Kmart accounting investigated Kmart accounting investigated Kmart Corp., which filed for bankruptcy protection earlier this week, has begun an investigation after receiving an anonymous letter claiming to be from employees that expressed concern abo...

45. Archived Article: Market Briefs - First Tennessee Bank and PricewaterhouseCoopers were recently named Corporate Neighbors of the Year at the Corporate Neighbor

First Tennessee Bank and PricewaterhouseCoopers were recently named Corporate Neighbors of the Year at the Corporate Nei...

46. Archived Article: Memos - Archer/Malmo made the following additions to its staff

Archer/Malmo made the following additions to its staff.

Gary Bridgman has joined the agency as public relations account executive. He was a member of International Paper Corporate Communic...

47. Archived Article: Ccrfc (lead) - By SUE PEASE Board transfers PILOT for Court St. building By SUE PEASE The Daily News The transfer of a tax abatement agreement for an historic building Downtown topped the agenda at the Center City Revenue Finance Corp. meeting Tuesday. The buildin...

48. Archived Article: Price P.2 - Online auctions hold promise for government Online auctions golden for government The use of ``dynamic pricing'' online auctions that sparked a revolution in private sector business-to-business and business-to-consumer e-commerce holds the promise o...

49. Archived Article: Tech Focus - Intellectual law isnt just for trademarks anymore Intellectual law isnt just for trademarks anymore By KATHLEEN BURT The Daily News Remember a time before the Internet? It was a time when chips were crunchy things that came in bags and a floppy disk...

50. Archived Article: Memos - John V John V. White Jr. has been appointed chairman, president and chief executive officer of Union Planters Bank. White joins Union Planters from National City Bank, where he served as executive vice president of retail banking for the state of In...

51. Archived Article: Memos - Jernigan Elected to Board of Thomas & Betts Dean Jernigan was elected to the board of directors of Thomas & Betts Corp. Jernigan's term will run until May 3, 2000, when he will stand for election by the shareholders with the full board. Jern...

52. Archived Article: Page 2 - BlueStar Communications, Inc BlueStar lands large third quarter equity financing BlueStar Communications Inc., a Nashville-based local exchange carrier, Internet service provider and carrier, ranked first in Tennessee among companies receiving ventu...

53. Archived Article: Extended Stay(bott) - Extended Stay America breaks ground on 5th Memphis hotel Extended Stay America breaks ground on fifth Memphis hotel By LAURIE JOHNSON The Daily News Extended Stay America has broken ground on its fifth hotel in the Memphis area on Quail Hollow Drive...

54. Archived Article: Memos - Easley To Replace Georgiu As Brett Easley was appointed acting president of Alldata. Easley was formerly vice president of information and training for AutoZone. Keith Johnson was named senior vice president of the YMCA of Memphis and the Mid-South....

55. Archived Article: Graphic - Security risk Security risk A recent survey of about 1,600 information technologists, conducted by Kadence UK Ltd. and Information Week magazine for PriceWaterhouseCoopers, found 73 percent of companies surveyed reported security violations in the p...

56. Archived Article: Marketplace - Big six minus one The Big Six minus one Accounting merger could help small firms locally By DIANNA DEAREN The Daily News When two of the most prominent international accounting firms announced plans to merge in September, it created yet another shif...