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Editorial Results (free)

1. Centennial Crossing Parcels Sell for $3.4 Million -

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

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

2. Two Centennial Crossing Parcels Face Foreclosure -

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

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

3. Starbucks Hiking Prices on Drinks, Bagged Coffee -

Starbucks is raising prices on some of its drinks by 5 cents to 20 cents starting next week, and customers can also soon expect to pay $1 more for the packaged coffee it sells in supermarkets.

The Seattle-based chain also raised prices on some of the drinks sold in its cafes a year ago. The latest hikes don’t seem to be driven purely by the surging bean costs that have pressured other coffee sellers to raise prices, however, since Starbucks has said it already locked in its coffee contracts for the rest of this fiscal year and much of the next.

4. Starbucks Contribution to Scholarship Overstated -

NEW YORK (AP) – It turns out Starbucks isn't contributing any upfront scholarship money to an online college degree program it introduced this week.

The Seattle-based company unveiled a program Monday that included a scholarship it described as "an investment" between Starbucks and Arizona State University. The program is designed to allow Starbucks workers to earn an online degree at the school at a steeply discounted rate.

5. Starbucks Clears College Degree Path for Workers -

NEW YORK (AP) – Starbucks is giving its baristas a shot at an online college degree, an unusual benefit in an industry where higher education is often out of reach for workers.

The coffee chain is partnering with Arizona State University to make an undergraduate degree available at a steep discount to 135,000 U.S. employees who work at least 20 hours a week.

6. Poetry in Motion -

Darius Clayton was one of the few people at a recent NAACP political forum who wasn’t running for Shelby County office this year or working for a candidate.

Clayton came to the event at Mt. Olive Cathedral CME Church as part of his immersion into the city’s political environment.

7. Starbucks to Roll Out Beer, Wine to More Cafes -

NEW YORK (AP) – Starbucks plans to turn more of its cafes into a destination for beer and wine in the evenings.

The coffee company says it is looking to expand alcohol sales to "thousands of select stores" over the next several years, although it didn't provide details on an exact timeline.

8. Low-Wage Jobs Unexpectedly a Way of Life for Many -

WASHINGTON (AP) – For years, many Americans followed a simple career path: Land an entry-level job. Accept a modest wage. Gain skills. Leave eventually for a better-paying job.

The workers benefited, and so did lower-wage retailers such as Wal-Mart: When its staffers left for better-paying jobs, they could spend more at its stores. And the U.S. economy gained, too, because more consumer spending fueled growth.

9. Cowork Memphis Opens Workspace Venture -

Freelancers and other busy professionals who work remotely, outside of a traditional office setting, probably know the feeling.

Their coffee shop is loud and sometimes a difficult place to work. Perhaps a phone call comes in that they need to step outside to take – while being stuck leaving papers spread out and a computer on the table inside. And working from home, of course, brings its own distractions.

10. Starbucks Hit by Migration to Online Shopping -

NEW YORK (AP) – For marathon shoppers, stopping in at Starbucks is often a quick way to refuel. So where does that leave the cafes as more people decide to shop online from their couches?

11. Memphis Airport Loses Two Restaurants -

An Interstate Bar-B-Que restaurant and a Starbucks store are the latest casualties of reduced traffic at Memphis International Airport.

One of the two Interstate locations at the airport will close next month, along with one of the four Starbucks locations. Declining passenger traffic at the airport played a role in the closures.

12. Veteran Marketer to Discuss Loyalty at Chamber Lunch -

Chris Malone, a veteran marketer who has worked with organizations such as the NBA and The Coca-Cola Co., will be the featured speaker this month at the Greater Memphis Chamber’s Small Business Council program launch luncheon.

13. Delivering Memphis -

The school groups and local musicians who’ve serenaded visitors to Memphis International Airport in recent weeks are part of a broader plan to create a memorable travel experience at the airport.

Rather, a MEMorable travel experience, to use the airport leadership’s nomenclature, with the emphasis on the first three letters suggesting a need to give travelers more of a taste of Memphis that goes beyond obvious choices like barbecue and Elvis.

14. Bitcoin Gains Popularity in Memphis -

Bitcoin has arrived in Memphis.

Businesses in the Memphis area and slightly beyond that are now accepting payment in the form of the new digital currency include Memphis IT Works, an information technology consultancy. The company, which provides systems management for companies of various sizes as well as offering computer safety consulting and testing, joins thousands around the country now accepting bitcoin, a number that’s continuing to grow.

15. Starbucks to Hire 10,000 Veterans, Military Spouses -

NEW YORK (AP) – Starbucks says it plans to hire at least 10,000 veterans and military spouses over the next five years.

The Seattle-based coffee company says it will develop a system dedicated to matching the skills of veterans and military spouses with jobs throughout its organization. Starbucks says it has nearly 200,000 employees worldwide.

16. A Few Words Before Takeoff -

PRE-FLIGHT MESSAGES

To: our airport

That logo on the front of garage gargantua could be a touch larger. While it can be seen from the surface of the moon, I don’t think the Mars rover is picking it up yet.

17. Starbucks Promo Prods Lawmakers to ‘Come Together' -

Starbucks CEO Howard Schultz wants lawmakers to come together to resolve their political gridlock. And he's giving away free coffee to customers who set an example how to do it.

18. MED Burn Center Expansion Nearly Complete -

The first phase of The Regional Medical Center at Memphis’ expansion plan is nearing completion, with the Firefighters Regional Burn Center set to double in size by the end of the year. The expansion will allow the hospital to better meet the demands of an increasing patient load.

19. Starbucks to Roll Out Snack Bars, Fruit Packs -

NEW YORK (AP) – Starbucks says it will start rolling out its own brand of snack bars and fruit pouches, marking yet another push into the packaged food category.

The Evolution Harvest snacks will begin appearing in U.S. cafes next week, with plans to reach all major metropolitan markets by the end of September.

20. Barnhart Buys Industrial Property for Expansion -

2085 W. E. Freeman Drive
Memphis, TN 38114

Sale Amount: $2.6 million

Sale Date: June 27, 2013

Buyer: Barnhart Crane and Rigging Co.

21. ‘Back to Life’ -

Memphis resident Geraldine Harris has been shopping at the Habitat for Humanity of Greater Memphis ReStore since it opened two years ago, finding discount prices and unique items she couldn’t locate anywhere else.

22. Sycamore View Starbucks Sells for $1.1 Million -

The Starbucks coffee shop at 1615 Sycamore View Road in Northeast Memphis has sold for $1.1 million.

23. The Costco Connection -

MEMPHIS IN COSTCO. Have you ever noticed that what appears to be of a reasonable size in Costco grows in volume and dimension with every mile between Costco and home?

Sure, you need a little lime in your gin and tonic, but there are 50 of them in that green net bag you just dragged into the kitchen and squeezed onto the counter next to those 27 avocados. That lobster dip you sampled was terrific, but that tub you brought home would keep all of Bar Harbor happy for the summer. The average Starbucks doesn’t stock as much Caffè Verona as you do now. Clinics are coming to you for antacid pills. If FedExForum runs out of toilet paper, come on over to your garage. That stuffed bear is so big it not only scares your grandbaby, the fact that you bought it scares the hell out of you. You didn’t need to eat that hot dog the size of a fireplace log, but you had to because that dog and a refillable drink for a buck fifty is one of the five best deals in America and the other four don’t count.

24. Starbucks to Ban Smoking Within 25 Feet of Cafes -

NEW YORK (AP) — Starbucks customers will soon have to stamp out their cigarettes before approaching the cafes.

The Seattle-based chain said it would start banning smoking within 25 feet of its stores Saturday. Starbucks spokeswoman Jaime Lynn Riley says the intent is to expand the indoor no-smoking policy to the outdoor seating areas.

25. Median CEO Pay Rises to $9.7 Million in 2012 -

CEO pay has been going in one direction for the past three years: up.

The head of a typical large public company made $9.7 million in 2012, a 6.5 percent increase from a year earlier that was aided by a rising stock market, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.

26. Local Demand Drives Southwest Service -

Memphis residents hope that Southwest Airlines Co.’s Nov. 3 arrival will bring more frequent flight service and lower fares.

27. E-Strategy for Retailers -

A couple of weeks ago, my colleague Andy Cates penned an article regarding the impact of e-commerce on distribution and industrial real estate. If you think about it, regardless of the channel you use to buy, the item you purchase still has to get from seller to buyer in some manner. From a distribution perspective, as more people order online rather than shop in retail stores, more distribution is moving to direct-to-consumer and that will have an impact on distribution strategy. So what about the impact from the retail perspective? What is the future of the physical retail store?

28. If You Can’t Win, Change the Game -

In today’s dynamic world it is imperative for companies to continually realize growth through a sustainable competitive advantage. The trouble is that every innovation is just one new innovation away from becoming obsolete. How do proactive companies stay one step ahead?

29. Breaking the Mold -

When Rosemarie Fair was named Broker of the Year in investment sales at last year’s Pinnacle Awards, she became the first woman ever to do so.

Before Fair founded One Source Commercial Inc. in 1993, she worked with Carlisle Corp. in the early 1980s on Beale Street Landing Downtown. She remembers often what her mentor Gene Carlisle taught her – “Somebody will take care of the big stuff, it’s the nickels and dimes that make the difference.”

30. Starbucks Cups to Come With a Political Message -

NEW YORK (AP) – Starbucks is using its coffee cups to jump into the political fray in Washington.

The world's biggest coffee chain is asking employees at cafes in the Washington, D.C., area to scribble the words "Come Together" on cups for drink orders on Thursday and Friday. CEO Howard Schultz says the words are intended as a message to lawmakers about the damage being caused by the divisive negotiations over the "fiscal cliff."

31. Memphis Goodwill Opens Oakland Store -

Memphis Goodwill Inc. opened a new Attended Donation Center in Oakland Monday, Dec. 10.

The 1,850-square-foot space was previously a Starbucks Coffee Co. in an outparcel of a Kroger-anchored shopping center at 7275 U.S. 64. It is Goodwill’s first donation center in Fayette County.

32. As 'Fiscal Cliff' Looms, Voter Angst is Palpable -

HOOKSETT, N.H. (AP) – Five hundred miles from Washington, the lunch crowd at Robie's Country Store and Deli is filled with angst over America's elected leaders and their latest struggle to prevent a fiscal crisis.

33. MED Rehabs Downtown Campus -

The Regional Medical Center at Memphis is in the midst of extensive rehabbing of its Downtown campus at 877 Jefferson Ave., providing a much-needed face-lift for many of its dilapidated buildings.

34. Starbucks to Open 1,500 More Cafes in the US -

NEW YORK (AP) – Another Starbucks may soon pop up around the corner, with the world's biggest coffee company planning to add at least 1,500 cafes in the U.S. over the next five years.

The plan, which would boost the number of Starbucks cafes in the country by about 13 percent, was announced at the company's investor day in New York Wednesday. Taking into account Canada and South America, the company plans to add a total of 3,000 new cafes in its broader Americas region.

35. Aiken: The Study Brings Accountability to Tutoring -

Entrepreneurs are by nature risk-takers, but it’s not everyday that you see a 24-year-old putting his livelihood on the line to pursue his calling.

In mid-October, James Aiken launched a professional tutoring business called The Study in East Memphis at 5179 Wheelis Drive. The company offers private tutoring in one-on-one and group settings, standardized test preparation and education consulting.

36. Milestone Celebration -

In a few weeks, a quirky Midtown coffeehouse that brims over with culture, from the poetry readings to the bric-a-brac inside to the owner who loves a good poem and the J.J. Abrams TV series “Lost,” will celebrate a milestone.

37. Collaborative Zones -

The practice of designing office spaces is trending away from inhibiting cubicles and foreboding conference tables and more toward creating collaborative zones.

Tenants are demanding alternatives that cut costs, improve productivity and increase morale. That’s because flexibility is key for modern-day office users, said Heather Averwater, interior designer with brg3s architects.

38. Local Entrepreneurs Will Soon Have ‘Urban Workspace’ -

A shared open work space, modeled after incubators in Los Angeles and New York City, is on the brink of being launched in Downtown Memphis.

Urban Workspace Powered by Cricket Wireless, located in the City House Memphis Condos at 6 W. G.E. Patterson Ave., will provide an affordable, shared working environment for freelancers, entrepreneurs, small businesses and startups eager to collaborate and share resources. The co-working facility opens Oct. 1.

39. Instagram Marketing Secrets -

It’s not often that a company with essentially no revenue sells for nearly a billion dollars, but that’s just what happened when Facebook wrote the largest check for a social media network ever this year. So what inspired the Facebook founder’s record-breaking purchase of Instagram?

40. Major Retailers to Launch Mobile App for Payments -

NEW YORK (AP) – A bevy of big-name retailers including Wal-Mart Stores Inc., Best-Buy Co. and Target Corp., are teaming up to create a company that will give customers another way to make purchases: with their cellphones.

41. Funding for Greenline Extension Narrowly Passes -

An extension of the Shelby Farms Greenline from Farm Road east across Germantown Parkway to the old Cordova train depot along the old CSX rail corridor is on track.

But this week’s Shelby County Commission vote accepting the $3.3 million state transportation grant that will fund most of the $4.4 million project was close with no votes to spare.

42. Chandler Seminar Pinpoints Real Estate Positives -

Shelby County Trustee David Lenoir went out on a limb Thursday, Aug. 9, at real estate information company Chandler Reports’ “Master Your Market: Second Quarter Update,” claiming that the housing market had bottomed out.

43. Youth Villages Wins $145K Starbucks Foundation Grant -

Memphis-based nonprofit Youth Villages won first place in a recent Starbucks voting promotion and will receive $145,000 from the company to help children with emotional and behavioral problems and their families in Tennessee and four other states.

44. Starbucks Opening Evolution Fresh Juice Store -

SEATTLE (AP) – Starbucks Corp. is pushing beyond coffee with the opening of the first Evolution Fresh Inc. juice store, the company said Monday.

45. Rhodes to Host Lectures by Productivity Coach -

Rhodes College will host a series of lectures Thursday, Feb. 9, through Saturday, Feb. 11, presented by Jason and Jodi Womack of The Womack Co.

46. Put Your Legacy Into Words -

Last week we spotlighted BRIDGES, an organization helping to build a community of leaders to advance racial, economic, educational, and environmental justice. This week, as we reflect on a recent visit from LPBC guest speaker Dr. Joseph Michelli, let us share some of his sage advice, which could redefine priorities and ignite our effect on future generations: a legacy statement.

47. Lott Brings Perspective to MAAR Presidency -

Long before Carol Lott was buying and selling houses, her first job was selling popcorn and movie tickets at the Frayser 3 Movie Theater.

48. Biz Book Bestseller Discusses Spirit of Service -

Business consultant Dr. Joseph Michelli got pretty much the entire crowd on its feet during a private reception at the University of Memphis hosted by masterIT.

It was a joint event Thursday, Jan. 26, between the Lipscomb Pitts Breakfast Club, and the U of M’s MILE and LEAD programs. In keeping with the spirit of mentorship that animates much of those groups’ efforts, Michelli – the author of business book bestsellers like “The Zappos Experience: 5 Principles to Inspire, Engage and Wow” – at one point posed a few questions.

49. Starbucks to Raise Prices in Certain Regions -

NEW YORK (AP) – Starbucks said Tuesday it is raising some prices regionally as it faces rising ingredient costs.

The Seattle coffee chain is raising prices about 1 percent in the Northeast and Sunbelt regions. Starbucks wouldn't disclose all of the states its raising prices, but the regions include New York; Washington, D.C.; and most Southern states. They exclude California and Florida.

50. Shoemaker Looks To 2012 With Rebuilt Office -

Shoemaker Financial is now “fully engaged in rebuilding” its Germantown office that was damaged by a fire in late 2010.

Construction began at Shoemaker’s space in the 2176 West Street office park almost a year to the week after some of the firm’s employees arrived at work in October 2010 around the same time fire trucks were showing up.

51. Union Holiday Deli & Ham Adds Drive-Thru, Parking -

Holiday Deli & Ham Co. is in the midst of adding parking and a drive-thru to its high-volume Midtown store.

52. Mission at Vito’s To Go: Quality Food Quickly -

The interior of Vito’s To Go resembles a submarine in its claustrophobic crowding of narrow kitchen, prep table, drive-through accommodation, bread-making area, storage and office. Six years in the planning, the restaurant, which features coffee, breakfast, sandwiches, salads and pizzas only on a drive-through, delivery or call-in/pick-up basis, is the creation of Chris Conner, whose extensive experience in construction, engineering and the local restaurant business goes back to the mid-1980s.

53. Starbucks Pushes Job Growth Program -

PORTLAND, Ore. (AP) – Starbucks hopes customers will be willing to pay at least $5 more when they stop in for their morning cup of Joe.

Starting Nov. 1, Starbucks will begin collecting donations of $5 or more from customers to stimulate U.S. job growth through its "Jobs for USA" program. The Seattle-based coffee chain is collaborating with the Opportunity Finance Network, a nonprofit that works with nearly 200 community development financial institutions to provide loans to small businesses and community groups. Starbucks says 100 percent of the donations will go toward loans for firms and organizations that can add jobs or stem job losses.

54. Martin, Ramo to FedEx Board as Hyde Retires Position -

Brad Martin and Joshua Cooper Ramo are the newest directors on the board of FedEx Corp.

55. New Biz, Relocations on Tap for Poplar Plaza -

One of the city’s landmark shopping centers is in the midst of major transformations.

Poplar Plaza, the 360,000-square-foot center at Poplar Avenue and Highland Street in the University of Memphis area, has remained a premier retail center for more than 60 years.

56. Social Media Replacing Traditional Advertising -

The model for advertising once was for businesses to purchase advertising space in a traditional newspaper or magazine and tout product offerings to its audience.

Nowadays, anybody can be an ambassador on the Web.

57. Evaluating Locations -

Do you own a retail business or are you considering the establishment of one? Is your lease expiring in the next 12 to 18 months? If you answered yes to either question, how about these? Are you in the optimal location for your business? Is your space well-configured to support your business plan for the coming years? Are you paying a market rent? It’s easy to get really focused on the day-to-day operations of your company and shortchange a key strategic decision that has significant implications for your business.

58. JLS Enterprises Buys SE Market Warehouse -

A 51,000-square-foot industrial building in the Southeast submarket has traded hands. JLS Enterprises LLC purchased 4021 Delp St. in Airport Industrial Park for $850,000. The warehouse currently houses Coca-Cola Enterprises Inc. and is 100 percent occupied.

59. McDonald's Sales Keep Rising, Even With Price Hike -

NEW YORK (AP) – McDonald's said Friday that its net income rose 15 percent in the second quarter as it continues to entice customers to buy new menu items even as the sluggish economy forces them to cut back spending in other areas.

60. ‘In This Together’ -

For some Memphis consumers, it’s a completely natural impulse to go out of the way to keep from going far away when there’s money to spend. Those particular consumers will run over a TCBY to get to YoLo, shove past a Starbucks to get their caffeine fix at Otherlands, Republic or Cafe Eclectic, hop over an IHOP to stand in line at Brother Juniper’s and dodge Dillard’s to suit up at shops like Oak Hall and James Davis.

61. More on Hot Coffee -

A couple weeks back, I mentioned the film “Hot Coffee,” a documentary centered around the infamous 1994 McDonald’s case.

You know, the case where Stella Lieback was awarded a judgment based on third-degree burns caused by coffee bought at a drive-thru window.

62. Blank Palette -

When best-selling author Richard Florida visited Memphis recently, he spelled out to a room full of artists the formula for building a city’s creative class – attract, retain and engage talent.

63. Separation Anxiety for Entrepreneurs -

Ray’s Take: In a testament to American gumption, some people facing lengthy unemployment or underemployment have seized the opportunity to start their own businesses. Inc. Magazine recently published data showing that the rate of Americans starting their own businesses is the highest it has been in 15 years.

64. Remark That Made me Think -

I was sitting in Starbucks. Minding my own business. Reading the paper, actually. On a Monday morning.

I was sitting pretty close to the area where people pick up their orders. Thus, I was getting interrupted pretty regularly by friends.

65. Starbucks' New Logo Debuts on Cups, Cafes -

SEATTLE (AP) – Starbucks customers saw something new Tuesday when they sipped their coffee.

The Seattle-based company rolled out its new words-free logo Tuesday on all its cups. Signs also changed at a handful of stores, and the new logo will show up on more storefronts in the future.

66. Grocer Kroger Cautiously Upbeat, Says Q4 Profit Up -

CINCINNATI (AP) – The nation's largest traditional grocery chain says more households are buying most of their groceries at its stores while stretching out their spending over more trips as they face higher food and gas prices.

67. Mt. Zion Upgrades to Larger Church in Frayser -

Two Memphis area churches have closed on a deal that’s been in the pipeline for about a year and a half.

Mt. Zion Baptist Church, 1280 Stonewall St., bought the 36,000-square-foot church at 1621 Dellwood Ave. in Frayser from Schoolfield United Methodist Church Inc. for $500,000.

68. Blockbuster Shuttering All Memphis Stores -

Some Hollywood films are so predictable, viewers can see the ending coming long before the credits roll.

In hindsight, consumers may decide the story of Blockbuster Inc. – the giant video rental chain that in a matter of days will no longer have a brick-and-mortar presence in Memphis – falls in that category.

69. The Brain Bone’s Attached to the Wallet Bone -

Editor’s Note: This is the second in a two-part series.

Looking at your brain, neuromarketers can predict how you’ll respond to advertising. While it may sound like mind reading, this relatively new, somewhat controversial field of research uses MRI scans and other technology to measure brain activity when consumers are exposed to products, brands and advertising.

70. NoBaby Campaign Puts Spotlight on Girls Inc. -

The organization at the forefront of the NoBaby campaign, Girls Inc. of Memphis emerged in the national spotlight last week when NBC news outlets reported on teen pregnancy rates at Frayser High School.

71. We’re Making Money But Have No Money -

When a banker asked a business owner about positive cash flow the response was, “Yes, I am positive I have no cash.” Sustaining positive cash flow is the No. 1 problem for small businesses. It has been said the term “undercapitalized small business” is redundant.

72. Kroger CEO Takes to the Checkout to Go Beyond Data -

CINCINNATI (AP) – Dressed in blue jeans and and waiting patiently in line at the Starbucks kiosk, Dave Dillon blends in easily with the Saturday morning shoppers in a suburban Cincinnati supermarket.

73. Starbucks: 4th-Quarter Net Income Nearly Doubles -

NEW YORK (AP) – As more people visited Starbucks cafes and spent more at the end of summer, the company's fourth-quarter net income nearly doubled, handily beating estimates, and the company raised its target Thursday for fiscal 2011 profit.

74. He’ll Wear Your Shirt to Convey Your Message -

When Buzz Aldrin competed against the likes of actress Pamela Anderson and football star Chad Ochocinco on ABC’s “Dancing with the Stars” earlier this year, the former astronaut hired professional T-shirt wearer Jason Sadler of iwearyourshirt.com to help garner votes in hopes of maintaining his spot on the popular reality show.

75. If I Had a Hammer -

Yesterday I listened to my sister describe the ingenious and absurd method she is using to keep her cell phone charged because she can’t afford to buy a new one right now. It involves a screwdriver, a rubber band and holding her mouth in just the right position. No telling how much time “MacGyver” spends jury-rigging the thing every day.

76. Vascular Access Center Comes to East Memphis -

University Vascular Access is a new outpatient center in East Memphis where dialysis patients can receive specialized treatment for complications without having to be admitted to a hospital.

The outpatient center at 6490 Mount Moriah Road Extended is a collaborative venture between UT Medical Group Inc. and Fresenius Medical Care, a global provider of dialysis treatments.

77. Shirt Bistro Turns Ideas Into Custom Tees -

Shirt Bistro vice president Wyatt Isbell describes how a young boy came into the shop with his mom, keen on getting his very own monster truck T-shirt.

He looked over the shoulder of the Shirt Bistro designer at the computer as they decided on the final look of the T-shirt, then sent the order next door for digital printing.

78. Pitfalls Remain With Gift Cards, Despite New Rules -

NEW YORK (AP) – New federal rules for gift cards mean you have longer to use them and don't face as many costs up front. But many problems remain.

For starters, the rules that went into effect last month don't cover all gift cards. And the Americans who spend tens of billions of dollars each year on gift cards – $23.6 billion last November and December alone – still have to pay fees for not using them, and those fees aren't capped.

79. Starbucks Backs Outlook Even as Bean Prices Spike -

NEW YORK (AP) – Starbucks Corp. is backing its profit guidance for next year even as it deals with higher coffee prices, saying it will be able to absorb the costs.

80. New Security Checkpoint Coming to Airport -

A new and improved security checkpoint for Terminal B at Memphis International Airport is one step closer to reality.

The Memphis-Shelby County Airport Authority at Thursday’s board of commissioners meeting awarded a $7 million “construction manager at risk and general contracting services” contract to Inman/EMJ Construction Corp.

81. Inman/EMJ Awarded Security Checkpoint Contract -

A new and improved security checkpoint for Terminal B at Memphis International Airport is one step closer to reality.

The Memphis-Shelby County Airport Authority at Thursday’s board of commissioners meeting awarded a $7 million “construction manager at risk and general contracting services” contract to Inman/EMJ Construction Corp.

82. Twitter to Have Paid Tweets Show Up in Searches -

SAN FRANCISCO (AP) - Twitter announced Tuesday that it is introducing advertising by allowing companies to pay to have their messages show up first in searches on its site.

The debut of "Promoted Tweets" comes as Twitter increasingly faces questions about how it can turn its wide usage into profits.

83. Financial Federal Keeps Up By Offering New Services -

Financial Federal Savings Bank, which celebrates its silver anniversary this year, has a few simple goals for 2010.

84. Mayor’s Homeless Strategy Meets Skepticism -

Memphis Mayor A C Wharton Jr. is a regular at the Starbucks at Union Avenue and McLean Boulevard.
Last week, as criticism began for his new police initiative to deal with the homeless, Wharton stopped for a coffee on his way to a town hall meeting and encountered another regular at the next table.
“There’s a homeless gentleman who I see there every morning. He will not accept handouts,” Wharton told reporters this week. “He’s just the kindest gentleman you will find anywhere. I don’t offer to buy him anything. I sit down at the table next to him – he doesn’t want to be disturbed.”
Someone at another table snapped a cell phone picture of Wharton in seeming indifference to the homeless man sitting a table away. The picture went viral as critics of the new direction made their case before Wharton had rolled it out.
“They created this story … which is just an outright lie,” Wharton continued. “That hurts.”
The complex relationship between two Memphians who see each other several times a week but don’t really know each other demonstrates how complex the problem of the homeless is in Memphis, and perhaps in other cities.

85. Conwood Buys Hickory Hill Facility For Planned $133 Million Expansion -

5106 Tradeport Drive
Memphis, TN 38141
Sale Amount: $19.3 Million

Sale Date: Nov. 5, 2009
Buyer: Conwood Co. LLC
Seller: Chickasaw and Goodman Realty Holding Co.
Details: Conwood Co. LLC on Nov. 5 formally acquired the 787,500-square-foot facility at 5106 Tradeport Drive in Hickory Hill South for $19.3 million. Conwood earlier this year announced plans to buy the building, where it will expand its manufacturing operation of the smokeless tobacco products Kodiak and Grizzly.

86. Cypress Buys T-Mobile’s Union Avenue Store -

Memphis-based Cypress Realty Holdings Co., a private real estate investment trust managed by Joe Jarratt and Price Ford, has bought the retail/billboard site at 1860 Union Ave. in Midtown for $950,000. Operating in the transaction as Cypress Realty Holdings Co. II LLC, the company acquired the property Nov. 10 from Louisville, Ky.-based Elvi Partners LLC.

87. Job Openings Remain Close to Record Lows -

WASHINGTON (AP) - Job openings are at rock-bottom levels, according to government and private surveys released Tuesday, a trend that could keep the unemployment rate high even as layoffs slow.

88. Red Rooster Joins List of Shuttered Restaurants - The Red Rooster flew the coop.

The Downtown corner where the giant bird once stood in front of his restaurant and bar is now a vacant space. A sign posted on the door states an announcement is coming soon about a new location.

Several Downtown restaurants have closed during the prolonged recession, but the departure of this one involves the bankruptcy issues of its landlord. The Red Rooster closed after a judge dismissed the bankruptcy case of Lee’s Landing Commercial LLC.

The Red Rooster closed the same week the Chapter 11 bankruptcy case of Lee’s Landing Commercial was officially closed and dismissed.

Three entities have Lee’s Landing in their names, according to the court documents. Lee’s Landing Garage LLC is the ownership entity for the block-long development near Beale Street. Lee’s Landing Commercial, which filed for bankruptcy, had control over a portion of that space. A third entity called 140 Lee’s Landing LLC operated the Red Rooster restaurant through a sublease.

Nothing to crow about

Judge Jennie D. Latta dismissed the bankruptcy case because Lee’s Landing Commercial “failed to file monthly operating reports and pay quarterly fees as required by the bankruptcy law and rules.”

The court earlier had granted a motion allowing Seedco Financial, which had loaned $1.46 million to Lee’s Landing Commercial LLC, to start collecting rent on the property. The same order allowed Lee’s Landing Garage LLC to retain ownership.

There are plans to reopen Red Rooster at another location, according to a sign on the door as well as postings on the restaurants’ Facebook and MySpace pages.

“The Red Rooster is crowing about his new and better barnyard!” the sign reads on the door at the corner of Second Street and Lt. George W. Lee Avenue. “Watch for updates next week about our expansion and new locations!”

Attempts to reach Red Rooster representatives were not successful.

Andy Kitsinger, vice president of planning and development for the Center City Commission, said the owners of Red Rooster could not reach an agreement on renegotiated lease payments.

“Red Rooster, I understand, was financially viable and making it work under their previous terms, but couldn’t make it work with the new offers,” Kitsinger said.

Beaten path

The Red Rooster follows other restaurants that have closed or left Downtown.

Encore, a bistro in Peabody Place, served its last meal the same week the Red Rooster closed. Other Downtown restaurants and bars that have closed recently include LoLo’s Table, Pat O’Brien’s and a Starbucks.

Restaurants have also closed in other parts of the city. Bruno’s now has a for lease sign in the window at its Midtown location on Madison Avenue.

“Restaurants have actually been feeling it for a while,” Kitsinger said. “The economy has hit restaurants hard nationally. You know, a lot of people have been eating at home … and going out less to restaurants.”

Mike Miller, the president of the Memphis Restaurant Association, said he thinks the worst might be over for restaurants, as new ones open to replace those that have closed. For instance, South of Beale just opened Downtown. Existing ones, such as the Happy Mexican, are branching out with new locations.

“My general sense of it is that earlier in the year was definitely when we saw a lot of closings,” Miller said. “This comes from talking to liquor representatives who sell to people as well as other vendors, and personal knowledge. It seems to me that, even though there are restaurants continuing to close, it has slowed down.”

...

89. Starbucks Closing Inside Peabody Place -

Another Memphis Starbucks appears ready to close, this one inside Peabody Place.

Employees at that Starbucks are telling customers the store will close, a statement that Starbucks executives did not dispute when contacted by The Daily News.

90. Legislature Wades Into Lending Regulation Waters -

Several bills are pending in both houses of the Tennessee General Assembly with support from Memphis-area lawmakers that propose new or updated rules for a specific corner of the financial services industry.

91. Target Investor Plans to Nominate 5 to Board -

NEW YORK (AP) - One of Target Corp.'s biggest shareholders said Tuesday that he plans to nominate five candidates to the company's board at its annual shareholders meeting in May, against the discount retailer's wishes.

92. Circuit City Ripples Go Beyond Vacancies, Layoffs -

Circuit City will finally flicker out when its last 567 stores close this year, but the bankruptcy of the nation's second-largest electronics retailer will ripple across the U.S. economy for years.

93. Report: Tip Trade Brisk in Clerk’s Office -

A tip jar wasn’t on the counter at the Shelby County Clerk’s office, but for at least six years, starting in 2003, some employees took tips from citizens as they processed car titles and license plates.

94. Report: County Clerk CAO, Three Others Took Gratuities and Tips -

The chief administrative officer of the Shelby County Clerk’s office was taking gift cards and gift certificates from local auto dealers to help them with car titles and other auto paperwork, according to a report from the Shelby County Attorney’s office.

95. Report: County Clerk CAO, Three Others Took Gifts And Tips -

The chief administrative officer of the Shelby County Clerk’s office was taking gift cards and gift certificates from local auto dealers to help them with car titles and other auto paperwork, according to a report from the Shelby County Attorney’s office.

96. Starbucks Provides Coffee To Help Fayette Cares -

Starting this week, Starbucks customers in Oakland can enjoy a blend of coffee and charity.

The Starbucks store in the Fayette County community is offering customers information about the charity Fayette Cares, and customers who fill out a pledge card promising five hours of volunteer time to the charity will get a free tall brewed coffee through Sunday.

97. Round-the-Clock Retail Hours Attract the Unsleepy -

SCHAUMBURG, Ill. (AP) - It's 1:22 a.m. on the day before Christmas Eve and Keith McRae is exactly 10 minutes into his holiday shopping list.

98. Payday Loan Issue Could Move Forward Tuesday -

A proposed law that would put new restrictions on where payday lenders, check-cashing businesses and title loan establishments can operate in Shelby County still has a few more political hurdles to clear.

99. Sector Snap: Regional Bank Stocks Fall -

NEW YORK (AP) - Shares of regional banks slid Tuesday amid more signs of weakness in the financial sector and a string of bleak corporate earnings reports.

Losses piled up in the broader market as third-quarter reports from companies such as coffee retailer Starbucks Corp. and home builder Toll Brothers Inc. sent a strong signal to investors that few industries are immune to a sharp pullback in consumer spending.

100. Town Square Takes One Step Forward, One Back -

Commercial real estate in many ways has become a zero-sum game. When one business opens, it seems like another one closes, preventing the market from enjoying net gains and the economy from moving beyond a sluggish pace.