Editorial Results (free)
1. Verizon Launches Rewards Program With Tracking
- Tuesday, July 22, 2014
NEW YORK (AP) – Verizon Wireless is launching a nationwide loyalty program this week for its 100-million-plus subscribers. There's a twist, though: To earn points for every dollar spent, subscribers must consent to have their movements tracked so the company can help target ads that match their interests.
2. More 'Headline-Grabbing' Corporate Deals Expected
- Friday, July 11, 2014
LONDON (AP) – More "headline-grabbing" acquisitions are likely over the coming year as businesses take advantage of a period of improving economic growth and cheap financing.
That's the conclusion of business consulting firm EY, which says the value of takeover deals announced in the first half of 2014 struck its highest level since the end of the boom years in 2007.
3. Tommy John Surgery Growing More Common
- Friday, July 11, 2014
Envision a baseball board game with dice and a spinner in which players try to go from Little League to pitching and winning Game 7 of the World Series.
Let’s call our fictional game “Bringing the Heat.” One can imagine positive squares where players learn “you just struck out 12 in a game, move ahead two spaces” or “you just had your fastball clocked at 94 MPH as a junior in high school, move ahead three spaces.”
4. Time Warner Completes Time Inc. Spinoff
- Tuesday, June 10, 2014
Time Warner Inc. said Monday that it completed the spinoff of magazine publisher Time Inc. into a separate, publicly traded company, as it focuses on its other media properties.
5. Online Pirates Thrive on Legitimate Ad Dollars
- Wednesday, June 04, 2014
LOS ANGELES (AP) – Movie and music piracy thrives online in part because crafty website operators receive advertising dollars from major companies like Comcast, Ford and McDonald's.
That's the conclusion of several recent reports that shed light on Internet piracy's funding sources.
6. Median CEO Pay Crosses $10 Million in 2013
- Wednesday, May 28, 2014
NEW YORK (AP) – They're the $10 million men and women.
Propelled by a soaring stock market, the median pay package for a CEO rose above eight figures for the first time last year. The head of a typical large public company earned a record $10.5 million, an increase of 8.8 percent from $9.6 million in 2012, according to an Associated Press/Equilar pay study.
7. Antitrust Experts: 2 Big Deals Better Than 1
- Wednesday, May 21, 2014
LOS ANGELES (AP) – Antitrust experts say AT&T's bid for DirecTV could reap immediate regulatory rewards. Coming so quickly on the heels of a rival cable company merger – the pairing of Comcast and Time Warner Cable – makes it easier for regulators to approve both transactions because they create two counterbalanced giants in pay TV.
8. AT&T Aims for TV's Future With $48.5 Billion DirecTV Deal
- Tuesday, May 20, 2014
LOS ANGELES (AP) – AT&T says it views its planned $48.5 billion purchase of DirecTV as a way to help redefine the video entertainment industry, giving it opportunities to bundle services and tap into growing Latin American markets.
9. AstraZeneca Rejects $119 Billion Offer From Pfizer
- Tuesday, May 20, 2014
LONDON (AP) – The board of AstraZeneca on Monday rejected the improved $119 billion takeover offer from U.S. drugmaker Pfizer, a decision that caused a sharp slide in the U.K. company's share price as many investors think it effectively brings an end to the protracted and increasingly bitter takeover saga.
10. Netflix Raises Prices By $1 for New Subscribers
- Monday, May 12, 2014
SAN FRANCISCO (AP) – Netflix is raising its Internet video prices by $1 per month for new customers and giving its current U.S. subscribers a two-year break from the higher rates.
The changes mean anyone signing up for Netflix's video subscription service beginning Friday will pay $9 per month for in the U.S. The old price of $8 per month will continue until May 2016 for Netflix's existing 36 million U.S. subscribers.
11. Amazon Snares Classic Shows in Deal With HBO
- Thursday, April 24, 2014
NEW YORK (AP) – Fans of classic HBO shows like "The Sopranos" and "The Wire" will soon have access to those series and more through Amazon Prime in the first online streaming deal signed by the cable network.
12. AutoZone Park Field to Get Makeover at Season’s End
- Thursday, April 17, 2014
This season the Memphis Redbirds are celebrating their 15th year playing at AutoZone Park and the stadium at Third and Union is still a head-turner, even after all these years.
But the playing surface is also celebrating its 15th season and hasn’t been a beauty for a while now.
13. Netflix's Comcast Deal Improves Quality of Video
- Tuesday, April 15, 2014
SAN FRANCISCO (AP) – Netflix's videos are streaming through Comcast's Internet service at their highest speeds in 17 months, thanks to tolls Netflix pays Comcast for a more direct connection to its network.
14. Taveras Aims to Prove Himself at Top
- Thursday, April 03, 2014
Before every Memphis Redbirds season, there is picture day. On Monday, March 31, the Redbirds held an open workout at AutoZone Park, but first, players lined up like school kids in the first-base dugout to don a Redbirds jersey and cap and get their pictures taken.
15. Dish, Disney Deal Envisions Internet-Delivered TV
- Wednesday, March 05, 2014
LOS ANGELES (AP) – Dish Network and Disney have reached a landmark deal that envisions the day when Dish will offer a Netflix-like TV service to people who'd rather stream TV over the Internet than put a satellite receiver on their roof.
16. Netflix Reaches Deal With Comcast
- Tuesday, February 25, 2014
NEW YORK (AP) – Netflix has reached a deal with Comcast to ensure that its TV shows and movies are streamed smoothly to households, the first deal the online video streaming service has reached with an Internet service provider.
17. Google Aims to Provide Broadband in 34 More Cities
- Thursday, February 20, 2014
SAN FRANCISCO (AP) – Google is planning to offer high-speed Internet service in 34 more cities scattered across eight states in the company's boldest challenge yet to cable and telecommunications providers.
18. Comcast-TWC Merger Worries Consumers
- Wednesday, February 19, 2014
LOS ANGELES (AP) — Cable subscribers don't give Comcast and Time Warner Cable good grades when it comes to customer satisfaction. So after Comcast announced its $45 billion purchase of Time Warner Cable Thursday, it didn't take long for consumers to start venting their frustrations over high prices, spotty service and fears of a monopoly.
19. Comcast-Time Warner Merger Worries Consumers
- Monday, February 17, 2014
LOS ANGELES (AP) – Cable subscribers don't give Comcast and Time Warner Cable good grades when it comes to customer satisfaction. So after Comcast announced its $45 billion purchase of Time Warner Cable Thursday, it didn't take long for consumers to start venting their frustrations over high prices, spotty service and fears of a monopoly.
20. Comcast to Buy Time Warner Cable for $45 Billion
- Friday, February 14, 2014
LOS ANGELES (AP) – Comcast Corp. will buy Time Warner Cable Inc. for about $45.2 billion in a deal that would combine the nation's top two cable TV companies and create a dominant force in creating and delivering entertainment.
21. Negatives Aside, AOL CEO Posts Positive Results
- Thursday, February 13, 2014
NEW YORK (AP) – You've got gaffes.
AOL chief executive Tim Armstrong isn't one to mince words. Over the weekend, he apologized for insensitive comments and backtracked from an unpopular plan to pay matching 401(k) retirement contributions in a lump sum at the end of the year. Armstrong had previously defended the proposal by citing the high cost care for two "distressed babies" born to employee families.
22. Hollywood Poised for Best-Ever Box-Office Year
- Monday, December 30, 2013
LOS ANGELES (AP) – Despite a string of summertime flops, Hollywood is expected to have a banner year at the domestic box office, coming in just shy of $11 billion, the largest annual take ever. But because of higher ticket prices, actual attendance at North American theaters remained flat after a decade of decline.
23. Experts: HealthCare.Gov Fix Needs More Time, Money
- Friday, November 22, 2013
NEW YORK (AP) – Technology experts say healing what ails the HealthCare.gov website will be a tougher task than the Obama administration acknowledges.
24. Comics Universe
- Thursday, October 31, 2013
As he raised his four children, Joe Thordarson increasingly thought about the important roles that art and literature played in education.
“I never felt art got the attention it deserved in a kid’s education, and any art you can encourage is good for their education,” he said. “Art and writing are so important and I wanted to encourage that.”
25. Cardinal Way Has St. Louis Back in Fall Classic
- Friday, October 25, 2013
From 2002-2006, the St. Louis Cardinals had a farm director named Bruce Manno. He was a guy who had his own ideas on how things should be done. One of them was to require that all Cardinal minor-league players – from Rookie ball to Triple-A Memphis – wear their pants pulled up to their knees so their stirrup socks would show.
26. Redbirds Proving Key Role in ‘Cardinal Way’
- Tuesday, October 15, 2013
The St. Louis Cardinals had just wrapped up one playoff series and were headed to the National League Championship Series with a roster mainly comprised of homegrown players.
There was rookie pitcher Michael Wacha, who had flirted with no-hitters in the regular season and in the NL Division Series. There was first baseman Matt “Big City” Adams, who stepped into the void created by Allen Craig’s foot injury. And there was 23-year-old Trevor Rosenthal, who was thrust into that all-important closer’s role late in the season.
27. Wealthy Business Executives Eye Political Races
- Tuesday, September 17, 2013
CHICAGO (AP) – He has never been elected to anything, not even "student council in high school," as he boasts. He has little patience for schmoozing. In dealing with people, he admits to being "pretty blunt" - more suited to running a large private equity firm, which Bruce Rauner did successfully for 30 years, than seeking votes for governor, which he intends to do in Illinois next year.
28. Closing Fannie, Freddie Could Boost Mortgage Rates
- Thursday, August 08, 2013
WASHINGTON (AP) – Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled mortgage guarantee giants that were rescued by a $187 billion taxpayer bailout during the financial crisis.
29. Obama Pitches Mortgage Overhaul as Housing Rallies
- Wednesday, August 07, 2013
PHOENIX (AP) – Buoyed by an improving housing market, President Barack Obama on Tuesday proposed a broad overhaul of the nation's mortgage finance system, including winding down government-backed Fannie Mae and Freddie Mac. He declared that taxpayers should never again be left "holding the bag" for the mortgage giants' bad bets.
30. Goal Remains the Same for All Redbirds
- Friday, July 12, 2013
Just a few days ago, Redbirds catcher Rob Johnson stood in the clubhouse at AutoZone Park and talked about the great year teammate Brock Peterson was having. Peterson, a first baseman, had just been named to the Pacific Coast League All-Star team.
31. Real Estate Rebound
- Saturday, June 29, 2013
The residential and commercial real estate markets are slowly coming back, and residential and commercial real estate attorneys are seeing increased activity thanks to the surge.
Mid-South Title handles both residential and commercial matters, and the company is seeing a spike in activity, especially in residential, over the past 18 months.
32. Senators Propose Overhaul of Housing Finance
- Wednesday, June 26, 2013
WASHINGTON (AP) – A bipartisan group of senators on Tuesday proposed an overhaul to the housing finance system that would gradually eliminate Fannie Mae and Freddie Mac, the two government-sponsored mortgage guarantee giants, and shift more mortgage and credit risk to the private sector.
33. Spotlight on Redbirds as Only Game in Town
- Friday, June 14, 2013
A year ago at this time, the Memphis Redbirds were in the midst of a season so bad they were already almost 20 games out of first place. It was, as infielder Ryan Jackson recalled, a “grind.”
34. In Need of Relief
- Saturday, April 13, 2013
Perhaps it is only too appropriate that baseball is played without a clock. For securing the future of the Memphis Redbirds may require extra innings, not to mention extra effort.
The ballpark was on the leading edge of revitalizing Downtown when it opened in 2000 at Third and Union. This, of course, was “B.G.” in Memphis – Before the Grizzlies. Also, before FedExForum. The city was ready for something big and bold – something that showed Memphis could overachieve, not underachieve.
35. Time Inc. Cuts 500 People, 6 Percent of Workforce
- Thursday, January 31, 2013
NEW YORK (AP) – Time Inc., the magazine unit of Time Warner Inc., says it is cutting 6 percent of its global staff of 8,000, or about 500 people.
36. Leading in New Times
- Friday, January 25, 2013
Keith Norman has heard the discussions about the generation gap and the nation’s oldest and largest civil rights organization, the NAACP.
37. Ticket Rush: Film Fans Hand Hollywood Record Cash
- Thursday, December 27, 2012
LOS ANGELES (AP) – The big deal for Hollywood is not the record $10.8 billion that studios took in domestically in 2012. It's the fact that the number of tickets sold went up for the first time in three years.
38. As 'Fiscal Cliff' Looms, Voter Angst is Palpable
- Wednesday, December 12, 2012
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.
39. On Economics, Foreign Policy, Corker Eager to Act
- Monday, December 10, 2012
WASHINGTON (AP) – Republican Sen. Bob Corker is spending a lot of time lately talking to Democrats.
The freshman lawmaker from Tennessee unveiled his own 10-year, $4.5 trillion solution for averting the end-of-year, double economic hit of automatic tax hikes and spending cuts and then spoke briefly last week with Treasury Secretary Timothy Geithner. Deficit-cutting maven Erskine Bowles had forwarded Corker's proposal to White House Chief of Staff Jack Lew.
40. Things That Matter
- Monday, November 26, 2012
This morning I read in the news that John Gagliardi, the somewhat maverick coach of the St. John’s “Johnnies” Division III football team, is retiring after 64 years of coaching. In addition to holding the record for coaching longevity, there is one more little thing about Gagliardi that is worth noting. Let’s talk a little about football history.
41. Seely Sees Career at Memphis Area Legal Services as ‘Mission Work’
- Thursday, November 01, 2012
October was National Pro Bono Month in the legal profession, a time when attorneys are urged to use their knowledge for the greater good and help those in need.
The Tennessee Supreme Court has written that “a lawyer should aspire to render at least 50 hours of pro bono publico legal services per year.”
42. FCC Lets Cable Companies Encrypt Signals to Foil Theft
- Wednesday, October 17, 2012
NEW YORK (AP) – Federal regulators are letting cable companies scramble all their TV signals, closing a loophole that lets many households watch basic cable channels for free.
The Federal Communications Commission voted Friday to lift a ban on encryption of basic cable signals, saying it will reduce the number of visits by cable technicians to disconnect service and reduce cable theft.
43. News Corp. Considers Split in 2
- Wednesday, June 27, 2012
LOS ANGELES (AP) – Under pressure to limit contagion from the British phone-hacking scandal, Rupert Murdoch's News Corp. said Tuesday that it is considering splitting into two publicly traded companies.
44. Warner’s Managerial Climb Comes Full Circle in Memphis
- Friday, April 06, 2012
The new Memphis Redbirds manager needs one of those veteran leaders, a guy who will willingly play multiple positions, a tough-nosed player between the lines, and a laid-back leader outside the lines who can discreetly take a young player aside.
45. T-Mobile Asks FCC to Block Verizon-Cable Deal
- Thursday, February 23, 2012
NEW YORK (AP) – T-Mobile USA, which just had its acquisition by AT&T blocked by regulators, is urging the federal government to block another deal in the wireless world: Verizon's planned purchase of spectrum from cable companies for $3.9 billion.
46. Georgia Drug Dealer Turns Up in Fed Case
- Thursday, February 23, 2012
When Torrance Hill testified in Memphis Federal Court this week about his role as a major drug dealer from Columbus, Ga., and the Atlanta area, it was new to the jury in the Petties drug organization trial.
47. Time Warner Sees Growth After Harry Potter Movies
- Thursday, February 09, 2012
NEW YORK (AP) – Time Warner Inc. got a boost from its movie studio and cable TV networks in the last three months of the year, and the company expects growth to continue in 2012 even with the end of its lucrative Harry Potter franchise.
48. Verizon to Set Up Streaming Service With Redbox
- Tuesday, February 07, 2012
NEW YORK (AP) – Phone company Verizon Communications Inc. will challenge Netflix and start a video streaming service this year with Redbox and its DVD rental kiosks.
49. Obama Wants Small-Business Bill This Year
- Wednesday, February 01, 2012
WASHINGTON (AP) – Seeking cooperation in a polarized climate, President Barack Obama called on Congress Tuesday to act quickly on bipartisan measures that would extend tax breaks for small businesses and help startup companies raise money. He said he would sign the legislation "right away."
50. After Protest, Congress Puts Off Movie Piracy Bill
- Monday, January 23, 2012
WASHINGTON (AP) – Caving to a massive campaign by Internet services and their millions of users, Congress indefinitely postponed legislation Friday to stop online piracy of movies and music costing U.S. companies billions of dollars every year. Critics said the bills would result in censorship and stifle Internet innovation.
51. Disney and Comcast Reach a Long-Term Deal
- Thursday, January 05, 2012
LOS ANGELES (AP) – The Walt Disney Co. said Wednesday that it reached a long-term agreement with the nation's largest TV signal provider, Comcast Corp., that extends their partnership into the next decade.
52. In Up and Down Year for Cable News, Fox Dominates
- Thursday, December 29, 2011
NEW YORK (AP) – It was a good year in the ratings for cable news networks. Or a rough one. It depends on your perspective.
Fox News Channel continued its dominance, with an average viewership that exceeded CNN and MSNBC combined in prime time and for the entire day, the Nielsen ratings company said Wednesday. Fox typically had 1.87 million viewers in prime time this year. The top 13 programs in cable news all aired on Fox.
53. Humbled Netflix CEO Still Thinking, Talking Big
- Thursday, December 08, 2011
SAN FRANCISCO (AP) – To hear Netflix CEO Reed Hastings tell it, the bone-headed decisions that have dragged down the Internet's leading video subscription service during the past five months eventually will be forgotten like a bad movie made by a great film director.
54. Cable Companies to Resell Verizon Wireless Service
- Monday, December 05, 2011
NEW YORK (AP) – Cable companies Comcast Corp., Time Warner Cable Inc. and Bright House Networks are giving up on their dreams of creating their own wireless network, opting instead to resell Verizon Wireless service.
55. Netflix Snatches DreamWorks Rights From HBO
- Tuesday, September 27, 2011
SAN FRANCISCO (AP) – After a deluge of disillusioning news, Netflix unveiled a coming attraction that its subscribers might like: the Internet video rights to films and television specials from DreamWorks Animation.
56. CNN Gets More Personal, Buys iPad Magazine Zite
- Wednesday, August 31, 2011
SAN FRANCISCO (AP) – CNN has acquired Zite, an iPad service that learns about readers' tastes and customizes a digital magazine with stories from hundreds of different websites.
CNN, a cable news channel owned by Time Warner Inc., has no plans to change Zite's format, said K.C. Estenson, general manager of CNN's digital division.
57. After Early Zeal, TV Networks Pull Back Web Series
- Tuesday, July 12, 2011
NEW YORK (AP) – Around 2007, TV networks made a land rush to the Web, looking to lay down digital production studios. Four years later, many of those networks have pulled up stakes, shunning original Web content and reorienting their online outlook.
58. New Venture to Manage Brewer’s Copyrights
- Thursday, May 26, 2011
Memphis-based film director Craig Brewer and Kat Sage, founder of Red Wax Music Publishing Administration and Consulting, are joining forces in a new venture called BR2 Music Publishing. The concern will manage the copyrights for music in Brewer’s filmography and future projects.
59. AP IMPACT: CEO Pay Exceeds Pre-Recession Level
- Monday, May 09, 2011
NEW YORK (AP) – In the boardroom, it's as if the Great Recession never happened. CEOs at the nation's largest companies were paid better last year than they were in 2007, when the economy was booming, the stock market set a record high and unemployment was roughly half what it is today.
60. Guide Aids Offenders On Return to Society
- Thursday, April 28, 2011
When a long stretch of traveling has to be done, especially if the journey is a difficult one, a travel guide often goes hand in hand with the journey.
With that in mind, a group of attorneys who got involved with the Memphis Bar Association’s Leadership Forum have spearheaded the creation of such a guide that lists available resources for the benefit of offenders upon their release from prison.
61. AOL Buying Huffington Post for $315M
- Tuesday, February 08, 2011
Internet company AOL Inc. is buying news hub Huffington Post in a $315 million deal that represents a bold bet on the future of online news.
62. Senate Shuns Push for Elimination of Pet Projects
- Wednesday, December 01, 2010
WASHINGTON (AP) – By a sizable – but dwindling – margin, the Senate on Tuesday voted in favor of allowing lawmakers to keep stocking bills with home-state projects like roads, grants to local police departments and clean-water projects.
63. White House, GOP Look for Middle Ground on Taxes
- Tuesday, November 16, 2010
WASHINGTON (AP) – The White House and Republican lawmakers set the terms for a looming tax debate Sunday, coalescing around a possible temporary extension of existing income tax rates that would protect middle class and wealthy Americans from sharp tax increases next year.
64. Report: AOL, Buyout Firms Mulling Bid for Yahoo
- Friday, October 15, 2010
SAN FRANCISCO (AP) – Yahoo Inc.'s inability to snap out of a financial funk may be about to turn the embattled Internet company into a takeover target for the second time in less than three years.
65. Blockbuster’s Chap. 11 Won’t Impact Memphis
- Friday, September 24, 2010
NEW YORK (AP) – Blockbuster Inc., once the dominant movie rental company in the U.S., filed for bankruptcy protection on Thursday, reeling from mounting losses, rising debt and competitors that have better catered to Americans' changed media habits.
66. Officials: Belt-Tightening Will Cut Major Command
- Tuesday, August 10, 2010
WASHINGTON (AP) – The Defense Department plans to shed one of its 10 major military commands as Defense Secretary Robert Gates tries to pare billions from the Pentagon budget, officials briefed on the plan said Monday.
67. AT&T Caps Phone Data Usage with New Wireless Plans
- Thursday, June 03, 2010
NEW YORK (AP) - AT&T Inc. will stop letting new customers sign up for its unlimited Internet data plan for smart phones and iPads, hoping to ease congestion on its network by charging the people who use the most data more.
68. Obama Sends Congress Small Business Lending Bill
- Monday, May 10, 2010
WASHINGTON (AP) — The Obama administration has sent Congress a proposal to create a $30 billion support program to unfreeze credit for the nation's small businesses.
The $30 billion fund would provide support to small and medium-sized banks with assets under $10 billion to encourage them to increase lending to small businesses.
69. Midtown Big-Box Site Foreclosed
- Friday, March 26, 2010
Dozens of Midtown properties slated for a major mixed-use redevelopment have been foreclosed and will be auctioned off to the highest bidder.
WSG Memphis LLC, the Miami-based firm whose ambitious plans might have landed a Target store at the intersection of Poplar Avenue and Cleveland Street, defaulted on a $14 million loan through Lehman Brothers Holdings Inc. dated April 30, 2007.
70. Wopat Presents Evening of Jazz at BPACC
- Monday, February 15, 2010
For St. Valentine’s Day weekend, the Bartlett Performing Arts and Conference Center (BPACC) is bringing a well-known face from a popular early-1980s television series, but audiences may be surprised to find his talent isn’t limited to acting.
71. Banking Regulation Bill Hits Impasse in Senate
- Monday, February 08, 2010
WASHINGTON (AP) - Efforts to reach bipartisan agreement on regulations to prevent another financial meltdown have reached an impasse in the Senate Banking Committee and Chairman Christopher Dodd said Friday he will move forward with his version of the bill.
72. Broadcasters' Woes Could Spell Trouble for Free TV
- Wednesday, December 30, 2009
NEW YORK (AP) - For more than 60 years, TV stations have broadcast news, sports and entertainment for free and made their money by showing commercials. That might not work much longer.
The business model is unraveling at ABC, CBS, NBC and Fox and the local stations that carry the networks' programming. Cable TV and the Web have fractured the audience for free TV and siphoned its ad dollars. The recession has squeezed advertising further, forcing broadcasters to accelerate their push for new revenue to pay for programming.
73. Economic Reports Dampen Recovery Expectations
- Friday, November 20, 2009
WASHINGTON (AP) – A gauge of future U.S. economic activity and a report on unemployment benefits signaled Thursday that the recovery likely will remain weak in the coming months.
The Conference Board’s index of leading economic indicators rose less in October than analysts had expected. The index forecasts activity by measuring consumer expectations, building permits and other data.
74. Jobless Claims Fall More Than Expected To 502K
- Friday, November 13, 2009
WASHINGTON (AP) – New claims for unemployment insurance fell more than expected last week, evidence the U.S. job market is slowly healing as the economy recovers.
Still, many private economists and Federal Reserve officials worry the nation could be in for a “jobless recovery” as the unemployment rate rises despite some overall economic growth.
75. Comcast Q3 Profit Up 22 Pct, But Growth Slows
- Thursday, November 05, 2009
PHILADELPHIA (AP) - Comcast Corp. reported a 22 percent increase in third-quarter earnings, buoyed by an investment gain and a lower tax rate as it stepped up promotions on its bundled video, phone and Internet plans.
76. EmergeMemphis to Launch $1.3M Expansion
- Tuesday, August 11, 2009
EmergeMemphis, the 10-year-old business incubator helping groom more than two dozen companies from its 60,000-square-foot space on Tennessee Street, is ready to grow up.
After two years of planning, EmergeMemphis is poised to expand its space for fledgling startups by developing the top floor of its building, a project that will cost $1.26 million.
77. Comcast's Q2 Profit Soars 53 Pct, Tops Estimates
- Friday, August 07, 2009
PHILADELPHIA (AP) - Comcast Corp., the nation's biggest cable TV systems operator, posted a 53 percent increase in second-quarter profit on Thursday, helped by higher prices and increased customer spending on video and Internet services. But subscriber growth markedly slowed as the recession's grip remained tight.
78. Citigroup Nominates New Independent Directors
- Tuesday, March 17, 2009
Citigroup has nominated four new independent directors – including two former bank chief executives and two other financial experts – to stand for election at its annual meeting in April.
The announcement Monday comes as part of a continuing shuffling of the troubled bank’s board. Its shares climbed more than 30 percent.
Investors have long criticized Citigroup’s board for allowing the bank to make so many investments in the risky housing market – actions that have led to the bank reporting five straight quarterly losses.
Richard Parsons, who took over as chairman last month, has said he planned to look for people with proven business judgment and experience in the financial sector to replace retiring directors overseeing the company.
The board currently has 15 directors, three of whom previously announced they will not stand for re-election and two of whom will be of retirement age by the time of the shareholder meeting.
The candidates are Jerry A. Grundhofer, Michael E. O’Neill, Anthony M. Santomero and William S. Thompson Jr.
Grundhofer, 64, is chairman emeritus and former chairman and CEO of U.S. Bancorp; O’Neill, 62, is former chairman and CEO of Bank of Hawaii; Santomero, 62, most recently served as a senior adviser at McKinsey & Co. and is the former president of the Federal Reserve Bank of Philadelphia; and Thompson, 63, is the former CEO of bond investment manager Pimco.
With the election of the four candidates, Citigroup would have 14 board members. The bank says the board also will consider future additions.
Parsons, the former head of Time Warner Inc., is one of the few Citigroup directors with experience in banking and leading a large company. Before joining Time Warner in 1995, Parsons served as chairman and CEO of Dime Bancorp Inc., one of the largest U.S. thrift institutions. Parsons also was an economic adviser on President Barack Obama’s transition team.
The three directors who have already announced they will depart from the board are Roberto Hernandez Ramirez, the chairman of Citi’s Mexican banking operations; Robert Rubin, a former U.S. Treasury secretary who was a longtime Citigroup board member; and Win Bischoff, most recently chairman at Citigroup. Ramirez said he will not stay on the board beyond his current term, while both Rubin and Bischoff have announced their retirement from the bank.
After suffering a loss of $8.29 billion in the fourth quarter, Citigroup announced it would reorganize into two units, Citicorp and Citi Holdings. The first will focus on traditional banking, while the second will hold the company’s riskier assets and tougher-to-manage ventures. In addition to receiving billions in government support, plus federal guarantees to cover losses on risky investments, the New York-based bank has agreed with the Treasury Department on a deal giving the government up to a 36 percent stake....
79. Report: Citi May Nominate Ex-Bank CEOs to Board
- Monday, March 16, 2009
NEW YORK (AP) - Citigroup Inc. will likely nominate two former bank chief executives and two other financial experts to be directors as part of a shuffling of the embattled bank's board, according to a media report.
80. More Sour Economic Reports for Employment, Retail
- Monday, February 09, 2009
WASHINGTON (AP) - More people sought unemployment benefits than expected last week and laid-off workers found it harder to land new jobs as the economy struggled to show signs of life.
Sour economic indicators Thursday also plagued the retail industry: Weak factory orders were reported for December and sales declines last month for many major stores raised concerns about the industry's health.
81. 598K Job Cuts: Most Since ‘74
- Monday, February 09, 2009
WASHINGTON (AP) – Recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, and catapulted the unemployment rate to 7.6 percent. The grim figures were further proof that the nation’s job climate is deteriorating at an alarming clip with no end in sight.
82. Time Warner Swings to Q4 Loss on Hefty Writedown
- Thursday, February 05, 2009
LOS ANGELES (AP) - Media and entertainment giant Time Warner Inc. reported a fourth-quarter loss, hurt by a previously expected $24.2 billion writedown for its cable, publishing and AOL assets.
83. Time Warner Cable to Lay Off 1,250
- Thursday, February 05, 2009
PHILADELPHIA (AP) - Time Warner Cable Inc. says it is laying off 1,250 people over the next few weeks in the face of slowing growth at the nation's second largest cable operator.
84. Citi Shares Fall Despite Talks with Morgan Stanley
- Tuesday, January 13, 2009
NEW YORK (AP) - Citigroup Inc.'s stock sank Monday to its lowest levels since November as investors wondered how much more cash the troubled bank will need.
85. Time Warner Expects $25B Charge, Loss for Year
- Thursday, January 08, 2009
NEW YORK (AP) - Media company Time Warner Inc. said Wednesday that it expects a fourth-quarter charge of $25 billion to write down the value of its cable, publishing and AOL assets, leading to a loss for the year.
86. California Group Sues Big Foot Lodge Owner
- Wednesday, November 05, 2008
A California-based restaurant ownership group has filed a trademark infringement lawsuit in U.S. District Court for the Western District of Tennessee against two Memphis restaurant owners who operate a similar restaurant concept here.
87. FCC to Probe Pricing Policies of Cable, Verizon
- Wednesday, November 05, 2008
PHILADELPHIA (AP) – The Federal Communications Commission has opened an investigation into the pricing policies of major cable operators and Verizon Communications Inc.
88. CBS Swings to $12.46B Q3 Loss After Hefty Charge
- Friday, October 31, 2008
CBS Corp. posted a massive third-quarter loss on Thursday after taking a $14.12 billion charge to write down the value of media assets on its books.
89. Local Crime Fuels Thriving Security Sector
- Friday, October 24, 2008
The typical customer at Rangemaster firing range is not who you might think.
“About 40 percent of our customers are female, which is way above the national norm,” said owner Tom Givens. “Most are professionals of some sort. They are doctors, accountants, lawyers, service managers, sales professionals.”
90. Fencing Match
- Friday, August 17, 2007
In what has become a continuing uphill battle against national headlines routinely depicting doom and gloom in the housing market, Memphis real estate professionals have launched a counterattack.
"Hop Off the Fence" is a calculated campaign of the Memphis Area Association of Realtors (MAAR) that began Monday and will run through October.
91. Corporate Gurus Ditch Suits, Ties and Heels for Guitars and Drums
- Tuesday, August 14, 2007
The Legends of Rock have arrived in Memphis and they're some old favorites as well as some new faces that haven't normally been associated with the music scene.
No, they're not Bruce Springsteen or The Beatles, but this group performs songs written by those legendary bands, among others.
92. Networx Deal Only One Example Of Memphis' Sad State of Affairs
- Friday, August 10, 2007
It began in 1999 as a tantalizing possibility that could generate $16 million in revenue a year if investors ponied up enough cash to keep it going until it became profitable.
Only it never actually turned a profit. Instead, it ate up millions in credit to remain afloat (although "afloat," in this context, is a relative term).
93. Corker Leans Toward Support of Carbon Market
- Wednesday, August 01, 2007
NASHVILLE (AP) - U.S. Sen. Bob Corker said in a conference call earlier this week he is considering supporting legislation that would set up a national carbon trading market.
The freshman Republican returned Sunday from a two-day trip to Greenland to tour a glacier that holds 10 percent of the world's fresh water and to learn about climate change. He accompanied nine other senators in the delegation led by Sen. Barbara Boxer, D-Calif., chairwoman of the Senate Environment and Public Works Committee.
94. Nowhere to Go But Up
- Friday, July 13, 2007
Things could be worse.
While that sentiment isn't a ringing endorsement, it's not a raging criticism, either. And it's what mortgage lenders are saying they believe about the housing market in Memphis-Shelby County.
95. Real Estate Industry Adjusts to Changing Subprime Lending
- Tuesday, May 15, 2007
With foreclosures skyrocketing and mortgage lenders falling by the wayside, the current subprime lending fiasco is making headlines daily.
But no matter how bad it gets, Fran Warner said she believes the market will weather the storm, just as it has before.
96. Alums Reflect on Gains While Leadership Academy Master's Class Celebrates First Decade in City
- Tuesday, April 24, 2007
Former Memphis Light, Gas & Water Division president and current mayoral candidate Herman Morris was one of the city's first leaders to go through the master's class at The Leadership Academy, which is celebrating its 10th anniversary.
97. Postal Rate Hike Has Some Rethinking Business Plans
- Monday, April 09, 2007
As if a business' budget needed another hit, the U.S. Postal Service will raise postal rates May 14, leaving little more than five weeks to prepare for the increase.
But people like Chris Warner, founding partner of directFX Solutions - a Memphis-based mailing, marketing and printing company - have been bracing for new rates for almost a year.
98. Bethel Named New VP Of COMEC Board
- Wednesday, January 31, 2007
Greg Bethel has been named vice president of the board of directors of the Commission on Missing & Exploited Children (COMEC). Bethel is the director of human resources for the Jackson-Madison County School System in Jackson, Tenn. He's been on the board of directors for two years.
99. Q3 Mortgage Filings Drop
- Friday, October 13, 2006
The number of mortgages recorded in Shelby County in third quarter 2006 dropped by nearly 10 percent over the same period last year, according to The Daily News Online, www.memphisdailynews.com.
But some in the real estate industry say they believe the fluctuations are just part of the business. Those professionals, such as Fran Warner, say the number of mortgages recorded usually dips when school starts.
100. Local Data Storage Business Gives Ft. Knox a Run for its Money
- Wednesday, September 27, 2006
Within four years, two disasters - the Sept. 11, 2001, terrorist attacks in New York and Washington and Hurricane Katrina on the Gulf Coast Aug. 29, 2005 - rocked the security and emergency preparedness of the United States.