Editorial Results (free)
1. Reedy Thriving As Housing Investments Skyrocket
- Tuesday, February 18, 2014
Jim Reedy began selling real estate in 1976 while he was a student at the University of Memphis, and within three years, he moved into selling investment properties.
2. CVS Caremark to Buy Coram for $2.1 Billion
- Monday, December 02, 2013
NEW YORK (AP) – Drugstore chain operator CVS Caremark Corp. said Wednesday that it has agreed to buy the drug infusion business Coram LLC, a unit of Apria Healthcare Group Inc., for $2.1 billion.
3. Hilton Worldwide Plans to Raise $1.25 Billion From IPO
- Friday, September 13, 2013
NEW YORK (AP) – Hotel operator Hilton Worldwide Holdings Inc. plans to raise $1.25 billion from an initial public offering of its common stock.
4. Four Memphis Startups Win Spots in ‘The TENN’
- Thursday, August 29, 2013
Memphis’ startup community continues collecting recognition beyond the city limits to go along with the steady attraction of new platforms, investments, mentors and programs for startups here.
5. Dell Delays Vote on Buyout, Sign It Lacks Support
- Friday, July 19, 2013
ROUND ROCK, Texas (AP) – Dell has delayed Thursday's vote on founder Michael Dell's plan to take the slumping computer maker private in a sign the board needs more time to rally support.
6. Shareholders Voting on $24.4 Billion Dell Buyout
- Thursday, July 18, 2013
DALLAS (AP) – Dell Inc. is making a late push to win shareholder support for founder Michael Dell's plan to take the slumping computer maker private, an indication that Thursday's scheduled vote could be close.
7. Icahn, Southeastern Challenge Dell Takeover Plan
- Monday, May 13, 2013
One of the biggest critics of Michael Dell's plan to take the company he founded private has launched a fresh challenge to that $24.4 billion bid and says the slumping PC maker needs new leadership.
8. Southeastern Asset Management Favors Recent Dell Buyout Offers
- Wednesday, April 10, 2013
MEMPHIS (AP) – A major Dell shareholder is urging the slumping personal computer maker's board to scrap a $24.4 billion deal to sell the company to a group including CEO Michael Dell and pursue two competing bids instead.
9. Dell Board Will Deal With Icahn, Blackstone
- Tuesday, March 26, 2013
Michael Dell may have to hike the price he's willing to pay if he wants to take the computer company he founded private, thanks to competition from two new acquisition offers.
A special committee of independent Dell Inc. directors said Monday that it will negotiate with buyout specialist Blackstone Group and activist investor Carl Icahn over bids that rival an offer of more than $24 billion from CEO and Chairman Michael Dell and Silver Lake Partners.
10. Breweries Launch 'High Tax Ale' to Urge Change
- Tuesday, March 19, 2013
NASHVILLE (AP) – A special joint offering from Tennessee craft brewers Yazoo and Calfkiller features an unusual sales pitch to beer aficionados: "Now With Even More Taxes!"
The new product going on sale this week is the latest effort among brewers to draw attention to Tennessee's highest-in-the-nation tax scheme for beer, which high-end brewers argue disproportionately affects their ability to compete.
11. Motel 6 Being Sold to Private Group for $1.9B
- Wednesday, May 23, 2012
NEW YORK (AP) – French hotel company Accor SA is checking out of Motel 6 and a prominent U.S. investment firm is moving in.
Accor said Tuesday that it reached a deal to sell the U.S. motel company, including its extended-stay chain Studio 6, to The Blackstone Group LP for $1.9 billion.
12. 2008 Model Predicts Effects of Airline Mergers
- Friday, February 03, 2012
Two years ago, a trio of economics professors at Stanford University’s Graduate School of Business, checked in on a model they built in 2008 to measure and predict the long-term effects of U.S. airline mergers on specific markets, including Memphis.
13. Deal Expected Soon for Morgan Keegan
- Monday, October 17, 2011
Regions Financial Corp., the company whose bank has the No. 2 spot in Memphis when ranked by customer deposit share, reports third-quarter earnings Oct. 25.
14. Regions Fin. Shareholder Dumps Half its Shares
- Thursday, October 13, 2011
At the same time Regions Financial Corp. races to complete a deal to sell its Memphis-based investment banking unit, one of the Alabama-based bank’s largest shareholders has dumped almost half its shares.
15. Morgan Keegan Has Another Potential Buyer
- Monday, August 15, 2011
Financial broker MF Global is another name that’s emerged as a potential buyer for Morgan Keegan & Co. Inc., sources have told The Financial Times.
16. Morgan Keegan Details Could Come Soon
- Wednesday, July 27, 2011
Regions Financial Corp. CEO Grayson Hall said during Regions’ second quarter earnings conference call Tuesday, July 26, that details would be forthcoming soon about the Memphis-based investment banking franchise Regions put on the auction block in June.
17. Morgan Keegan Bid Deadline Arrives
- Tuesday, July 26, 2011
Monday, July 25, was reportedly a deadline for Regions Financial Corp. to get initial bids for the Memphis-based investment bank Regions put on the auction block in June.
18. Bids for Morgan Keegan Coming Monday
- Monday, July 25, 2011
Regions Financial Corp. will reportedly get initial bids on Monday, July 25, from several major firms for the Memphis-based investment banking and capital markets business that Regions put on the auction block in June.
19. Smith & Nephew Rumors Continue to Swirl
- Friday, January 21, 2011
Despite Smith & Nephew’s attempts to quash rampant rumors that it’s being targeted for takeover, Wall Street seems to be sticking with the maxim that where there’s smoke, there’s fire.
20. Moving Forward
- Monday, December 27, 2010
As the commercial real estate market remained soft in 2010, a handful of major deals – including some to close the year – indicated light at the end of the tunnel.
The year ended with the top retail investment sale of the year when Loeb Properties Inc. bought Park Place Centre from Belz Enterprises Inc. for $10.3 million.
21. Blackstone-Affiliated LLCs Buy Warehouses for $22M
- Tuesday, December 21, 2010
4460 E. Holmes Road
Memphis, TN 38118
Sale Amount: $12.1 million
Sale Date: Dec. 8, 2010
Buyer: BRE/EX TN Properties LLC
Seller: Exeter 4460 Holmes LLC
Loan Amount: $18.4 million
Loan Date: Dec. 10, 2010
Maturity Date: n/a
22. Blackstone Group Affiliate Buys Warehouses for $22M
- Friday, December 17, 2010
A limited liability company affiliated with the N.Y.-based Blackstone Group LP has bought warehouses in Airport Industrial Park for $22 million total.
23. 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.
24. Bank of America Taps Ex-Northrop Exec for CFO Post
- Thursday, April 15, 2010
CHARLOTTE, N.C. (AP) - Bank of America said Wednesday it named an outsider, former Northrop Grumman executive Charles H. Noski, as its chief financial officer.
Bank of America Corp. was expected to bring in leaders from outside as it tries to improve relations with regulators, handle investigations into the bank's purchase of Merrill Lynch, and restore shareholder morale.
25. Florida's BankUnited Fails, Will Cost FDIC $4.9B
- Tuesday, May 26, 2009
WASHINGTON (AP) - The federal seizure of struggling Florida thrift BankUnited FSB is expected to cost the Federal Deposit Insurance Corp. $4.9 billion, representing the second-largest hit to the FDIC's insurance fund since the financial crisis began felling banks last year.
26. Starwood Hotels Accuses Hilton of Stealing Secrets
- Monday, April 20, 2009
NEW YORK (AP) - Starwood Hotels & Resorts Worldwide Inc. is suing Hilton Hotels Corp. and two of its executives, saying its rival stole secrets about Starwood's luxury brands.
27. Wal-Mart's Sam's Club Names New CEO
- Wednesday, March 11, 2009
NEW YORK (AP) - Wal-Mart Stores Inc. announced Monday that Brian C. Cornell, most recently chief executive at arts and crafts chain Michaels Stores Inc., will be the new president and CEO of its Sam's Club warehouse division.
28. Cash-Rich Sovereign Funds Make New Investments
- Monday, October 20, 2008
WASHINGTON (AP) - Government investment funds from China and Qatar are moving new money into Western financial companies, a sign that the cash-rich funds haven't completely pulled back from the volatile U.S. and European markets.
29. Hickory Hill Stakeholders Steaming Over Property's Neglect
- Friday, April 04, 2008
Atlanta developer Keven R. Patterson made his first attempt to enter the Memphis market four years ago when he and a group of investors, Water Gardens LLC, bought the Marina Cove apartment complex on Winchester Road for $1.6 million.
30. Study: Tough CEOs Often Most Successful
- Tuesday, November 20, 2007
What are the traits that chief executives of successful companies share? A new study suggests that hard-nosed personal virtues such as persistence and efficiency count for more than "softer" strengths like teamwork or flexibility.
31. Hilton Hotels Shareholders Approve Company's Sale for $20.1B to Blackstone Group
- Wednesday, September 19, 2007
LOS ANGELES (AP) - Hilton Hotels Corp. shareholders overwhelmingly approved the company's $20.1 billion sale to The Blackstone Group LP, the hotel operator said Tuesday.
More than 98 percent of votes cast at a special shareholder's meeting held at the Beverly Hilton hotel favored the buyout, the company said.
32. Buyers for Distressed Mortgage Debt are Scarce, But They Exist, Despite Market Downturn
- Wednesday, August 22, 2007
NEW YORK (AP) - Three companies swept up in the struggling credit markets said Monday they sold pieces of themselves or their investments to fund ongoing operations, underscoring how tight those markets still are despite government intervention last week.
33. Blackstone Cements StatusWith Hilton Purchase
- Friday, July 06, 2007
Fresh off a $4.1 billion initial public offering, private-equity house Blackstone Group solidified its position as a power to reckon with on Wall Street with a multibillion dollar deal that gives the company control over
34. Archived Article: Daily Digest
- Tuesday, August 26, 2003
Wal-Mart Stores Inc. officials said sales growth in August could be the strongest in more than a year after back-to-school demand proved better than expected.
During a sales update for ...
35. Archived Article: Stokes Bartholomew P.2
- Thursday, June 28, 2001
Tax firm to merge with Stokes Bartholomew Tax law firm merges with Stokes Bartholomew Stokes Bartholomew Evans & Petree and Holton Goodman & Blackstone of Nashville, Tenn., announced the two firms have joined practices, effective July 1. Ric...
36. Archived Article: Mid-america
- Friday, December 03, 1999
WMF Creates a $195 Million Credit Facility for Mid-America Apartments, Part of a $290 Million Commitment in 1999 Mid-America secures credit for future growth WMF Washington Mortgage Corp., part of The WMF Group, announced approval of a $195 million ...
37. Archived Article: Memos
- Wednesday, February 10, 1999
Promus Names New Development Ronald C. Muzii Jr. has been named vice president of development for Promus Vacation Resorts. Muzii was formerly president of Innovative Hospitality Group Inc. in Miami. He is a graduate of Cornell University. B. Ted Ham...
38. Archived Article: Idg
- Thursday, August 20, 1998
By LAURIE JOHNSON IDG acquires Memphis machine tool distributor By LAURIE JOHNSON The Daily News Industrial Development Group Inc., an Atlanta-based supplier of machine tool parts and services, has closed a deal to buy Cardinal Machinery Inc., its s...
39. Archived Article: Back
- Thursday, April 02, 1998
Industrial Distribution Group Completes Acquisitions Of E Distribution group buys E.C. Blackstone Industrial Distribution Group Inc. has completed the acquisition of three distributors of industrial maintenance, repair, operating and production prod...
40. Archived Article: Ec Blackstone
- Thursday, February 19, 1998
Atlanta company to acquire E Atlanta company to buy local industrial distributor By CAMILLE H. GAMBLE The Daily News An Atlanta industrial distribution company announced Wednesday it will acquire three distributors of industrial maintenance, repair,...