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Editorial Results (free)

1. Cadence Announces Support for River City Capital -

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

2. Memphis’ Mercer Capital Merges With Texas Firm -

Memphis-based business valuation and financial advisory firm Mercer Capital has merged with Texas-based valuation and litigation support firm Erickson Partners, effective July 1.

The firms decided that their respective footprints – Mercer, with a strong presence throughout the Southeast and Midwest, and Erickson Partners, with a strong presence in Texas and Oklahoma – made them a perfect fit.

3. FedEx Orders 50 Boeing 767Fs -

FedEx Corp. has agreed to purchase 50 additional 767-300F jets from Boeing, the largest single order for large jets in the company’s history.

4. Memphis’ Mercer Capital Merges With Texas Firm -

Memphis-based business valuation and financial advisory firm Mercer Capital has merged with Texas-based valuation and litigation support firm Erickson Partners, effective July 1.

The firms decided that their respective footprints – Mercer, with a strong presence throughout the Southeast and Midwest, and Erickson Partners, with a strong presence in Texas and Oklahoma – made them a perfect fit.

5. Two ZeroTo510 Companies Win Pair of Honors -

Memphis’ emerging status as a hub of medical device activity is getting some major international recognition this month via honors flowing to two startups being incubated here.

Two of the four companies participating in this year’s ZeroTo510 medical device accelerator program have, in different ways, scored honors from separate international innovation and entrepreneurial programs.

6. Fed Directs 8 Biggest US Banks to Hold Extra Capital -

WASHINGTON (AP) — Federal regulators are directing the eight biggest U.S. banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts.

7. Ikea Buys Cordova Acreage For Planned Memphis Store -

41 Acres for
Future Ikea Store

Sale Amount: $5.7 million

Sale Date: July 10, 2015

Buyer: IKEA Property Inc.

8. Clinton to Propose Increasing Capital Gains Taxes -

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

9. Cordova Apartments Fetch $17.5 Million -

The Houston Levee Apartments community in Cordova has been sold for $17.5 million.

MA Houston Levee at Cordova LLC, which is affiliated with Mount Auburn Capital Group, acquired the 289-unit apartment complex at 9940 Paddle Wheel Drive in Cordova from USA Houston Levee DST, according to a July 9 warranty deed. The buyer filed a $13.4 million loan with Silverspeak Real Estate Finance LLC in conjunction with the purchase, according to a deed of trust filed the same day.

10. Google Shareholders Revel in Record 1-Day Windfall of $65.1 Billion -

SAN FRANCISCO (AP) – Google's stock roared out of a long slumber Friday to produce the biggest shareholder windfall in U.S. history as investors rewarded the Internet company for promising to curb its spending on risky projects.

11. Memphis Releases $200M Pedestrian Safety Plan -

Memphis Mayor A C Wharton Jr. unveiled an ambitious pedestrian and school safety action plan Tuesday, July 14, that has been in the making for 18 months.

The plan takes in a list of $200 million in improvements to sidewalks and street crossings over 20 years. Wharton’s administration doesn’t have all the funding nailed down, and said it would likely come through a combination of grants, city capital funding and money from nonprofit philanthropies.

12. REIT Buys Sears Properties in Sale-Leaseback -

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

13. Biomedical Company Expanding in Southeast Memphis -

Cognate Bioservices Inc. is launching a 32,500-square-foot expansion at its manufacturing facility at 4600 E. Shelby Drive in southeast Memphis near Lamar Avenue.

14. Clark Tower to Get $6 Million in Capital Improvements -

The venerable Clark Tower is getting an infusion of cash for capital improvements.

In-Rel Properties, which owns the East Memphis skyscraper, has executed an agreement with the building’s lender paving the way for a $6 million capital improvement project that will begin immediately.

15. City Releases $200 Million Pedestrian Safety Plan -

Memphis Mayor A C Wharton Jr. unveiled an ambitious pedestrian and school safety action plan Tuesday, July 14, that has been in the making for 18 months.

The plan takes in a list of $200 million in improvements to sidewalks and street crossings over 20 years. Wharton’s administration doesn’t have all the funding nailed down, and said it would likely come through a combination of grants, city capital funding and money from nonprofit philanthropies.

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

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

17. 6 Things to Know When Writing a Proposal -

Summer reading is highlighted in Oprah and other magazines each year. A good read is great to enjoy on the beach or curled up on a lawn chair. But what about a good summer write?

That’s right – start writing now to help the money come in at the end of the year, or perhaps next spring. That’s how it’s done. Writing proposals now prevents future complaints such as, “How can I write that proposal in just three days?” It’s called planning ahead.

18. Yellen: Fed Still on Track to Raise Rates This Year -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said the Fed is on track to start raising interest rates later this year but expressed multiple concerns over headwinds that are still holding back the U.S. economy.

19. Sisters Carry On Father’s Legacy at Bancroft Leasing -

For the Bancroft sisters, talking about best-fit leasing options for agricultural equipment comes as easily as navigating the Memphis streets they've known all their lives. Together, the pair make up the second generation of Bancroft Leasing, an equipment leasing brokerage company started by their father, Charlie Bancroft, in 1977.

20. Orpheum to ‘Roast’ Halloran to Benefit Namesake Center -

The Orpheum Theatre plans to recognize longtime president and CEO Pat Halloran Sept. 24 with a roast benefiting his last and largest project, the Halloran Centre for Performing Arts & Education.

21. Local Green News Piles Up, From Shelby Farms to CBU -

Chelsea Avenue Floodwall Becomes ‘Permission Wall’: The city’s renaissance of murals is taking a different form on the section of North Memphis floodwalls that are a border of sorts for the still developing Chelsea Greenline.

22. Orpheum to ‘Roast’ Halloran To Benefit Namesake Center -

The Orpheum Theatre plans to recognize longtime president and CEO Pat Halloran Sept. 24 with a roast benefiting his last and largest project, the Halloran Centre for Performing Arts & Education.

23. New Hotel Planned for Downtown Memphis -

Two Ohio-based development firms plan to build a new hotel on a vacant site in Downtown Memphis.

The Orlean Co. of Beachwood, Ohio, and Ceres Development LLC of Westlake, Ohio, plan on building a Cambria Suites on a 3.3-acre lot on the south side of Union across from Fourth Street, just west of Danny Thomas Boulevard.

24. NYSE Resumes Trading After Outage of More Than 3 Hours -

NEW YORK (AP) – Trading has resumed on the New York Stock Exchange after an outage of more than three hours caused by technical problems.

There was no interruption at the dozens of other U.S. stock exchanges Wednesday, including the Nasdaq, so investors were still able to buy and sell stocks easily.

25. Phillip Rogers Joins Wunderlich Wealth Management -

Phillip Rogers recently joined the Wunderlich Wealth Management office in Memphis as a managing director and financial adviser. Rogers’ financial services practice is focused on the needs of high net worth individuals, as well as endowments and foundations. He applies his background in and knowledge of the fixed income capital markets to extend an institutional level of expertise to individual investors.

26. Certificate of Need Process Back in Spotlight -

The state-level approval process Methodist South Hospital recently cleared that allows it to pursue an $8.7 million emergency department expansion has been in legislative crosshairs in Nashville recently.

27. Growth in US Services Firms Rises in June -

WASHINGTON (AP) – U.S. service firms grew at a slightly faster pace in June, as business activity and new orders increased.

The Institute for Supply Management said Monday that its services index edged up to 56 in June from 55.7 in May. Any reading over 50 indicates that services firms are expanding.

28. Cycling Ahead -

Unless you've seen the ubiquitous stations in cities like Knoxville and Nashville, it's difficult to imagine how bike sharing could connect Memphis.

Tourists and citizens can check out a bike on a per-ride or membership basis and return it to a separate station when they've reached their destination.

29. Experts Give Their Take on Jobs, Fed and Financial Markets -

NEW YORK (AP) – If investors hoped Thursday's U.S. jobs report would give them clarity, they were probably disappointed.

The report, one of the most-watched pieces of news in financial markets, painted a mixed picture for U.S. employment. And it left a key question hanging over stocks and bonds: When and how quickly will the Federal Reserve raise interest rates?

30. New Projects Bring More Residents to Nashville Area -

Nashville’s bustling building market is bringing an abundance of short-term labor into Middle Tennessee, but it’s also luring in people who want to put down more permanent roots.

One such individual is Scott Frey, a senior superintendent with Skanska USA. He is overseeing the tower portion of HCA’s Capital View project, and came to this area from Michigan.

31. Building Boom Strains Labor Pool, Supply Chain -

Middle Tennessee’s red-hot construction boom is becoming a victim of its own success. Architects, contractors and everyone in between, including Metro Codes, are up to their necks in work.

It’s a happy time of an industry that also can see long, slow periods of stagnation.

32. Grizzlies Spending $350,000 on Facilities Improvements -

The Memphis Grizzlies have applied for a $350,000 building permit to upgrade facilities at FedExForum, 191 Beale St.

33. Dunavant-Owned Destin Resort On Track to Open Next Summer -

Work continues moving forward at a splashy new Destin resort owned by Memphis-based Dunavant Enterprises Inc.

34. Shelby County Commission Explores Hiring Own Attorney -

Shelby County Commissioners will tie up the loose ends of their budget season Monday, July 6, and are exploring some longer-term changes in the body’s relationship to the Shelby County mayor, including a possible move to hire its own attorney.

35. US Manufacturing Growth Improves in June; Hiring Jumps -

WASHINGTON (AP) – U.S. manufacturing growth improved in June, helped by a jump in employment.

The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its manufacturing index rose to 53.5 last month from 52.8 in May. Manufacturing activity matched January's level for the highest this year. Any reading above 50 signals expansion.

36. My Kind of Crazy -

CRAZY LIKE CHISCA. Lauren Crews told me that people think he’s crazy.

After all, he paddled a canoe from the Twin Cities to New Orleans – just him and his dog. He rode a bike to New Orleans, too, all the way down Highway 61 in the summer, the heat driving him dizzy into ditches.

37. New Forrest Front -

The political battle over an equestrian statue of Nathan Bedford Forrest and the park that houses it has opened a new front.

38. Supreme Court Upholds Use of Controversial Execution Drug -

WASHINGTON (AP) – Trading sharp words, a deeply divided Supreme Court upheld the use of a controversial drug in lethal-injection executions Monday, even as two dissenting justices said for the first time they think it's "highly likely" the death penalty itself is unconstitutional.

39. Alliance for Nonprofit Excellence Develops Tighter Focus -

In good times and bad, change is a constant. During the recession, nonprofits were stretched financially and emotionally as demands for services increased and funding declined.

A recalibration was in order, and that was something that the Alliance for Nonprofit Excellence preached.

40. Graceland Hotel Developers File $84 Million Construction Loan -

3600 Elvis Presley Blvd.
Memphis, TN 38116
Loan Amount: $84 million

41. Grizzlies Spending $350,000 on Facilities Improvements -

The Memphis Grizzlies have applied for a $350,000 building permit to upgrade facilities at FedExForum, 191 Beale St.

42. Developers Still Interested In Midtown Hotel -

Yes, the development team that had proposed replacing the French Quarter Inn at Overton Square is selling the property to Ballet Memphis, which plans on building a new performance center there.

But they say they still want to build a hotel in Midtown, according to a statement they provided to Brenda Solomito Basar, owner of Solomito Land Planning.

43. Belz’s Industrial Portfolio Sells to MDH for $82 Million -

The recent sale of Belz Enterprise’s industrial portfolio to MDH Partners LLC of Atlanta totals more than $82 million, according to four special warranty deeds filed on June 19.

44. Business in Politics -

One of the first things Shea Flinn noticed when he left the Memphis City Council this year was that benches for audience members in the council chamber are less comfortable than council members’ seats.

45. Grizzlies Facilities Getting $350,000 Upgrade -

The Memphis Grizzlies have applied for a $350,000 building permit to upgrade facilities at FedExForum, 191 Beale St.

46. US Consumers Ramp Up May Spending; Largest Gain Since 2009 -

WASHINGTON (AP) – U.S. consumer spending surged in May with the biggest monthly increase in nearly six years – a sign of stronger economic growth ahead.

The Commerce Department said Thursday that consumer spending rose 0.9 percent last month, up from a revised 0.1 percent increase in April. May spending registered the biggest gain since August 2009, when the government's "Cash for Clunkers" program fueled auto-buying.

47. Haslam's Communications Director Leaving for Private Sector -

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam's director of communications is leaving to become a communications consultant in the private sector.

As the administration's top communications official, Alexia Poe has been a senior adviser and strategist to the governor, cabinet, senior staff and state departments.

48. Developers Still Interested in Midtown Hotel -

Yes, the development team that had proposed replacing the French Quarter Inn at Overton Square is selling the property to Ballet Memphis, which plans on building a new performance center there.

But they say they still want to build a hotel in Midtown, according to a statement they provided to Brenda Solomito Basar, owner of Solomito Land Planning.

49. Yolanda Kight is Newest Judicial Commissioner -

Attorney Yolanda Kight is the newest Shelby County Judicial Commissioner.

The Shelby County Commission chose Kight Monday, June 21, on the 12th round of voting to fill the vacancy.

50. Pinch Building Permit Moratorium Delayed -

A proposed 120-day moratorium on new building permits in the Pinch District was delayed at Tuesday’s special session of the Memphis City Council.

Council member Berlin Boyd proposed the moratorium to consider some kind of larger development plan for the area east of The Pyramid. But Boyd delayed a council vote on the matter until the group’s July 7 meeting and committee sessions.

51. Belz’s Industrial Portfolio Sells to MDH for $82 Million -

The recent sale of Belz Enterprise’s industrial portfolio to MDH Partners LLC of Atlanta totals more than $82 million, according to four special warranty deeds filed on June 19.

52. Haslam Needs to Back Up Call for More Local Control -

If Gov. Bill Haslam is trying to build political capital, he’s making the right move by trying to light a fire under local officials.

He might also want to turn up the flame on his own game.

53. Memphis Ends Budget Season, But the Arguments Aren't Over -

The end of the budget season at City Hall can be a festive occasion.

Weeks of line-item detail and swapping one amount with another in the budget, as well as the pressure of revenue and other projections that amount to moving targets in the fiscal year, give way to approved operating and capital budgets as well as a property tax rate.

54. US Economy Not As Bad in First Quarter, Paving Way for Rebound -

WASHINGTON (AP) — The U.S. economy contracted in the first three months of the year, just not as much as previously estimated. More recent data show that the weakness was largely temporary, with a rebound in the works for the April-June quarter.

55. Ballet Memphis Turns to Overton Square -

Scratch those plans for a new Hotel Overton where the French Quarter Inn now sits in Overton Square.

Ballet Memphis has a sales contract on the property at the northeast corner of Madison Avenue and Cooper Street and plans to build a new two-story structure fronting on Madison with parking in the rear and on the eastern end.

56. Worthington Capital Launches New Mutual Funds -

Memphis-based asset management firm Worthington Capital Management has launched the Worthington Funds, a series of mutual funds that the firm says will seek to “capture market inefficiencies or take advantage of secular trends.”

57. Simmons Joins Cushman & Wakefield/Commercial Advisors -

Mary Leesa Simmons has joined Cushman & Wakefield/Commercial Advisors as vice president – senior asset manager. In her new role, Simmons provides all aspects of property management duties for the firm’s clients.
This includes financial administration, budgeting, reporting, lease administration, contract administration, tenant, client and vendor administration, capital improvements and property inspections.

58. CBU's 'New Vision’ -

As Kenrick Hall on the campus of Christian Brothers University has been prepped for demolition, leaders of the university have been preparing for what follows when the 1940s-era classroom building is gone.

59. County Commission Takes Long Way to Budget Approval -

In the space of five hours Monday, June 22, Shelby County Commissioners voted down an operating budget, a capital budget and an attempt at a continuation budget to keep spending at the same levels past July 1 and into the new fiscal year.

60. First Horizon National Corp. Reveals Stress Test Results -

The Memphis-based parent company of First Tennessee Bank has passed its annual, federally mandated “stress test.”

61. MDH Buys Belz’s Memphis Industrial Portfolio -

An Atlanta-based firm has acquired a large industrial portfolio from Belz Enterprises.

Atlanta-based MDH Partners LLC bought 22 industrial buildings in the Memphis area totaling more than 3.1 million square feet.

62. US Jobless Aid Applications Fall to Nearly 15-Year Low -

The number of people seeking unemployment benefits fell last week, evidence that layoffs remain at unusually low levels and the job market is moving closer to full health.

Weekly applications for jobless aid dropped 12,000 to a seasonally adjusted 267,000, the Labor Department said Thursday, near 15-year lows reached two months ago. The four-week average, a less volatile measure, declined 2,000 to 276,750.

63. Dayco Wins Tax Break For Distribution Operations -

Michigan-based manufacturer Dayco Products Ltd. will consolidate its distribution operations in the Memphis area, but exactly where remains undecided.

“Due to the continued growth in demand for our products and increased product complexity over the past several years, we have committed to this significant capital investment in order to deliver increased value to our customers,” said Ed Rammel, president of the North American and Australian Aftermarket for Dayco, in a company statement.

64. First Horizon National Corp. Reveals Stress Test Results -

The Memphis-based parent company of First Tennessee Bank has passed its annual, federally mandated “stress test.”

65. Chism Opens Capital Advisors/Bellwether Enterprise's Memphis Office -

Jeremy Chism has joined Capital Advisors/Bellwether Enterprise as vice president to open the company’s Memphis commercial real estate loan production office. The firm provides financing solutions through a vast network of insurance companies, CMBS lenders and commercial lenders for commercial real estate.

66. MDH Partners Buys Belz's Memphis Industrial Portfolio -

An Atlanta-based firm has acquired a large industrial portfolio from Belz Enterprises.

Atlanta-based MDH Partners LLC bought 22 industrial buildings in the Memphis area totaling more than 3.1 million square feet.

67. Gun Maker Colt Files for Chapter 11 Bankruptcy -

NEW YORK (AP) – Gun maker Colt Defense LLC filed for chapter 11 bankruptcy late Sunday, allowing for a quicker sale of operations in the U.S. and Canada.

68. Memphis City Council Budget Agenda Full -

Memphis City Council members have a lot of budget decisions to make Tuesday, June 16, as they attempt to bring City Hall’s budget season to a close.

There are eight separate votes on pay raises approved by impasse committees for eight groups of city employees, including police and firefighters.

69. Memphis Economic Indicator Taking Third-Quarter Responses -

Investors in some of Memphis’ largest publicly traded companies are likely to feel somewhat encouraged about the current state of the economy – at least, when looking at their portfolios.

70. Aitken Makes Case for Collierville’s New $99 Million School -

There is the effort to sell Collierville residents on the specific plan for a $99 million comprehensive high school for 3,000 students. And then there is the effort to avoid a referendum on the $99 million bond issue that could follow approval of a property tax hike for the new school construction.

71. Proton’s Weaver Wizard of Tech Innovation -

On any given day, business executives, scientists and chemical engineers from across the U.S. and around the world come to East Tennessee to see for themselves the renewable energy technology developed by Lenoir City-based Proton Power Inc.

72. Number of US Job Openings Jumped to a 15-Year High in April -

WASHINGTON (AP) – U.S. employers advertised the most open jobs in April than at any time in the 15 years that the government has tracked the data, a sign that this year's steady hiring will likely continue.

73. Crews Center Hosts Social Innovation Summer Camp -

The Crews Center for Entrepreneurship at the University of Memphis currently is a hub for social entrepreneurs.

The phrase “social entrepreneur” has a somewhat loose definition, but it generally involves the use of business tools and practices to solve social concerns. And it’s a focus of a summer camp coming to the Crews Center in July in partnership with a university student-led nonprofit that’s focused on social innovation and using entrepreneurial thinking to identify solutions to the community’s social issues.

74. FedEx Boosts Dividend by 25 Percent -

FedEx Corp. is increasing its quarterly dividend by 25 percent as it inches closer to completing a deal that would make it one of the largest international package deliverers in Europe.

75. AP Analysis: More 'Phony Numbers' in Reports as Stocks Rise -

NEW YORK (AP) – Those record profits that companies are reporting may not be all they're cracked up to be.

As the stock market climbs ever higher, professional investors are warning that companies are presenting misleading versions of their results that ignore a wide variety of normal costs of running a business to make it seem like they're doing better than they really are.

76. You Want To Build A Building? -

Owning a building can be a turning point in the life of a nonprofit. A building represents positive attributes: permanence, ownership, longevity, visibility, stability, status and achievement. You can control your destiny, make improvements, and expand when needed. You have an asset to leverage for future projects. No one can make you move.

77. Municipal Schools Leaders Assess First Year -

Not so fast with those state achievement test quick scores that went out with some students’ last report cards. Tennessee Department of Education officials said earlier this month that the figures are in most cases rosier than expected.

78. Wal-Mart Keeps It All in the Family, Chair Passed to Penner -

FAYETTEVILLE, Ark. (AP) – Wal-Mart is passing the chairmanship of the world's largest retailer from the eldest son of late founder Sam Walton to a third generation.

The company said that board Chairman Rob Walton will step down and be succeeded by Vice Chairman Greg Penner, who is his son-in-law.

79. Involvement in Honor Flights an Honor for Mannis -

By creating HonorAir Knoxville, Eddie Mannis has brought joy to thousands of American war veterans and learned more than a little about his own character.

For the last eight years, the organization has honored veterans with free flights to the nation’s capital.

80. Memphis Banks Report Modest First Quarter -

Absent a few individual challenges, Memphis-area banks as a collective gave off encouraging signs about their health and outlook in the first quarter, according to Federal Reserve figures.

Some of the most important metrics, like profitability, always come with a reminder by regulators that any change in performance at First Tennessee Bank, Memphis’ largest bank, can overshadow results at the rest of its smaller peer institutions. That was certainly true in the first quarter, when First Tennessee’s parent company took a loss, driven by a mortgage-related legal settlement, which resulted in the bank showing almost $65 million worth of red ink for the quarter.

81. Tesla Motors Co-Founder Wants to Electrify Commercial Trucks -

SAN JOSE, Calif. (AP) – Twelve years ago, Ian Wright and some fellow engineers launched Tesla Motors, a Silicon Valley company that has helped jumpstart the market for electric cars.

82. 100 N. Main Owner Still Owes MLGW -

The owner of the city’s tallest office building still has not paid the Memphis Light, Gas and Water Division bill on the property, and an official with the publicly owned utility said the two sides remain engaged in talks.

83. County Commission Tax-Rate Debate Picks Up Volume -

Shelby County Commissioners hit a big political divide Monday, June 1, and as a result will discuss in two weeks that most volatile of political topics – the property tax rate.

Commissioners approved on the first of three readings an ordinance to keep the property tax rate at the current $4.37.

84. Prepare for Takeoff -

At Southern Airways Express’ hub in a Memphis International Airport executive terminal, movement is at a peaceful lull.

There are no loudspeaker announcements or TSA check-in points. Patrons sip complimentary coffee. The lobby opens right onto the tarmac where a fleet of 9-passenger Cessna 208 Caravan jets land about 12 times daily.

85. Global Ministries Appeals Failing HUD Scores at Memphis Properties -

A month after 40 units at the Goodwill Village and Warren Apartments were declared unfit by federal housing officials, the units have been repaired and the residents moved back in.

86. Tigers’ Tubbs Receives All-America Recognition -

University of Memphis senior first baseman Tucker Tubbs has been named to the Louisville Slugger NCAA Division I All-American baseball team. Tubbs is a Third Team All-America selection, as chosen by Collegiate Baseball newspaper.

87. Orpheum Board Names New Center After CEO -

The board of the Memphis Development Foundation, which operates the Orpheum Theatre, has decided to name the organization’s new capital addition the Halloran Centre for Performing Arts & Education.

88. Council Committee Gives Nod to Brewery Funding -

Memphis City Council members vote Tuesday, June 2, on $2.5 million in city capital funding for the remake of the Tennessee Brewery as a mixed-use development.

The council’s budget committee, with eight of the 13 council members present, recommended the funding May 26.

89. Snapshot: Memphis-Based Public Companies -

Here's a look at what's going on at the dozen public companies headquartered in Memphis:

AutoZone Inc.

AutoZone Inc. is one of the largest auto parts retailers and distributors in the U.S., with a store count of 5,476 as of Feb. 14. Since 1998, the company has repurchased $15.7 billion worth of its own shares. At the end of March, AutoZone continued its share buyback program with the authorization to buy back another $750 million in company stock. The company followed that news with plans to pursue a $650 million debt offering to be used for “general corporate purposes.” – Andy Meek

90. Stock-Buyback Programs Hit Record Pace -

If this was a poker game, it could be said that American companies are doubling down – repurchasing their own stock at a record pace instead of betting on new, outside investments.

TrimTabs Investment Research calculated that companies had announced plans to buy back $133 billion of their own stock in April. That was a new monthly high.

91. 100 N. Main Could Lose Utilities -

The owner of the city’s tallest office building has until the end of the month to pay at least the past-due portion of the Memphis Light, Gas and Water Division bill on the property before potentially facing cutoff.

92. Paragon Bank Reports Highlights, Decisive Turn at Annual Shareholders Meeting -

2014 proved a milestone year for Paragon Bank: The now 10-year-old institution saw a few decisive changes, the bank’s leadership reported at its annual shareholders meeting in recent days.

93. Council Committee Gives Nod to Brewery Project Funding -

Memphis City Council members vote next week on $2.5 million in city capital funding for the remake of the Tennessee Brewery as a mixed-use development.

The council’s budget committee, with eight of the 13 council members present, recommended the funding Tuesday, May 26.

94. More Giving -

The most dedicated donors to the Community Foundation of Greater Memphis give with their hearts and their minds, striking a balance between real-time needs and the financial realities of any given moment.

95. Council Budget Committee Recommends $2.5 Million for Brewery Project -

With a majority of the 13-member Memphis City Council present, the council’s budget committee voted Tuesday, May 26, to recommend $2.5 million in city capital funding for the remake of the Tennessee Brewery as a residential development.

96. Media Heads Rule Ranks of Best-Paid CEOs -

NEW YORK (AP) – They're not Hollywood stars, they're not TV personalities and they don't play in a rock band, but their pay packages are in the same league.

Six of the 10 highest-paid CEOs last year worked in the media industry, according to a study carried out by executive compensation data firm Equilar and The Associated Press.

97. Orpheum Board Names New Center After CEO -

The board of the Memphis Development Foundation, which operates the Orpheum Theatre, has decided to name the organization’s new capital addition the Halloran Centre for Performing Arts & Education.

98. Oak Park Apartments Demolition Latest in Blight Campaign -

The group of Memphis leaders and Glenview-area homeowners standing in a parking lot last week surrounded by the shells of two two-story apartment buildings and the charred foundation of a third paused for a moment.

99. AutoZone Reports Quarterly Revenue, Earnings Increase -

AutoZone Inc. reported Tuesday morning a 35th consecutive three-month period of double-digit earnings per share growth.

100. Yellen: 1st Rate Hike Likely By Year End If Economy Improves -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said Friday she expects to begin raising interest rates later this year – if the job market improves and the Fed is confident inflation will climb closer toward its target rate.