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Editorial Results (free)

1. After Overcoming Hurdles, Southwest Opens Nursing School -

More than four years after breaking ground for a new nursing building, leaders of Southwest Tennessee Community College last week formally opened the school’s new Nursing, Natural Sciences and Biotechnology Building.

2. Stonewall Jackson's Little Slice of Heaven in Brentwood -

“Everybody has to meet his Waterloo,” sings honky-tonk hero Stonewall Jackson in his breakthrough No. 1 hit back in 1959.

Of course, that line, the entire song really, means everybody must meet his or her fate someday.

3. Green Hills in Full Boom Despite Traffic Woes -

Stephen Graw first moved to Green Hills in 2004 right after college, renting a house with a bunch of buddies from school. Like his neighborhood, he’s done a lot of growing in the last decade and is now a senior advisor at Sperry Van Ness Nashville and on the Chamber West Leadership Council.

4. Hillsboro High Land Sale: New School, Big Profit -

Merritt Rowe knows her children will never personally benefit from any changes to Hillsboro High School in Green Hills, but as the parent of two current students and another starting next year, it is something she is willing to fight for and encourages other parents – especially those of future students – to do the same.

5. New Daisy Changes Hands at Critical Time for Beale -

Three decades is a long enough time on Beale Street for any institution to create its own remarkable life.

But when that 30 years is part of a longer life of nearly 80 years and it’s on a street with an even longer history and heritage, there can be a tendency to forget how much time has passed in the latest life.

6. City Council to Consider Police Funding -

Memphis City Council members will consider Tuesday, Nov. 18, taking $1 million from city reserves to fully fund an additional Memphis police recruit class in the current fiscal year.

The $1 million from reserves would go with $2 million the council approved at the start of the fiscal year for a new recruit class.

7. County Commission to Consider Fairgrounds Deal -

The idea of reconfiguring the Mid-South Fairgrounds as a public recreation area financed by the city of Memphis with sales tax revenue from retail development has come back to life under new terms.

8. Highland Row Developer Applies for $6.7 Million Permit -

387 S. Highland St.
Memphis, TN 38111
Permit Amount: $6.7 million

Project Cost: $61 million
Application Date: November 2014
Engineer: Jordan & Skala Engineers
Details: Indianapolis-based developer Milhaus Ventures has applied for another building permit for the long-awaited Highland Row project near the University of Memphis.

9. I Choose Memphis: Scott Wilson -

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

Name: Scott Wilson

10. Analysts: How GOP Congress Could Boost US Economy -

WASHINGTON (AP) – Voters made clear Tuesday that they're worried about the economy, despite steady job gains, a robust stock market and faster economic growth this year.

So what can – and should – the now-dominant Republicans in Congress and President Barack Obama do together to benefit more Americans?

11. Council Votes Down Elvis Presley Boulevard Car Lot -

The Memphis City Council voted down Tuesday, Nov. 4, the move of a used car lot on land owned by Graceland to a lot further north on Elvis Presley Boulevard near the new 450-room resort style hotel Elvis Presley Enterprises is building.

12. US Trade Deficit Expands in September -

WASHINGTON (AP) – The U.S. trade deficit rose in September as exports slumped, a sign that the world's biggest economy is starting to feel the impact of weakening global growth.

The Commerce Department said Tuesday that the trade deficit rose 7.6 percent to $43 billion in September. That marks the first increase in four months. A deficit occurs when a country imports more than it exports.

13. Midtown Cash Saver Property Sells for $5.3 Million -

1620 Madison Ave.
Memphis TN 38104
Sale Amount: $5.3 million

Sale Date: Oct. 24, 2014
Buyer: LAG Memphis LLC
Seller: Super Market Developers Inc.
Loan Amount: $3.9 million
Loan Date: Oct. 24, 2014
Lender: Ladder Capital Finance LLC
Details: The Cash Saver property on Madison Avenue in Midtown has been sold for $5.3 million.

14. Trustmark Sees Third-Quarter Net Income Gain -

Trustmark Corp.’s just-ended third quarter saw the bank grow its net income slightly.

The bank reported $33.6 million of net income, up 2 percent from the prior quarter and third quarter of 2013. During the first nine months of 2014, Trustmark’s net income totaled $95.5 million, up 6 percent from the prior year.

15. Mississippi Company Waited Years to Acquire The Horizon -

Walker Thrash, principal of Dawn Properties Inc., first heard about The Horizon shortly after work on the ambitious condominium tower overlooking the Mississippi River ground to a halt in 2009.

16. US Economy Rallies to Solid Third-Quarter Growth -

WASHINGTON (AP) – The U.S. economy powered its way to a respectable growth rate of 3.5 percent from July through September, outpacing most of the developed world and on track to extend the momentum through the end of the year and beyond.

17. Grizzlies Brass Has Challenge In Analyzing Player Minutes -

It took but a single game for one of the Memphis Grizzlies’ main dilemmas to present itself. Namely, what’s a coach to do when his starters are playing well and the bench is giving him almost nothing?

18. Trustmark Sees Third-Quarter Net Income Gain -

Trustmark Corp.’s just-ended third quarter saw the bank grow its net income slightly.

The bank reported $33.6 million of net income, up 2 percent from the prior quarter and third quarter of 2013. During the first nine months of 2014, Trustmark’s net income totaled $95.5 million, up 6 percent from the prior year.

19. Willow Lake Sales Positive News For The Market -

The sale this week of five properties inside Willow Lake Business Park and Corporate Park for $4.2 million was welcome news for several reasons.

For one, true owners tend to take much better care of properties and market them more aggressively than special servicers like Bethesda, Md.-based CWCapital Asset Management.

20. Palazzolo, Brogdon Talk 3 Gs in Germantown Debate -

The two candidates for mayor of Germantown offered different views about where the city is and future goals Tuesday, Oct. 21, before an overflow crowd at the Germantown Municipal Center.

Mike Palazzolo and George Brogdon, who retired as the city’s community services director to run for mayor, are running on the Nov. 4 ballot to succeed five-term mayor Sharon Goldsworthy, who is not seeking re-election.

21. China Economy Grows at Slowest Pace in 5 Years -

BEIJING (AP) — China's economic growth waned to a five-year low of 7.3 percent last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese leaders' plans for a controlled slowdown.

22. Incentive Applications Lag Previous Years -

Until a spate of activity this month, Memphis and Shelby County were on pace to tie a record-low for the number of payment-in-lieu-of-taxes agreements granted to companies in a year.

Through September, the city-county Economic Development Growth Engine, the primary business incentive body in Memphis and Shelby County, had awarded just four PILOTs, tied with 2006 for the lowest amount of PILOTs issued in a year since 2002.

23. First Horizon Reports Positive Third Quarter -

The parent company of First Tennessee Bank moved back to profitable territory for the third quarter from a loss during the same period in 2013, reporting net income of $45 million, or 19 cents a share, for the period ending Sept. 30.

24. Recruiter’s Career Twist -

Ask Janet Miller about her remarkable career at the Nashville Area Chamber of Commerce and she’ll likely attribute it to good timing or pass credit onto others.

25. EDGE Approves Trio of PILOT Tax Breaks -

Three companies – including a wing of Memphis-based FedEx – received tax breaks for projects in Memphis that total more than $25 million in capital investment and will create 272 new jobs.

26. First Horizon Swings Back to Quarterly Profit -

The parent company of First Tennessee Bank moved back to profitable territory for the third quarter from a loss during the same period in 2013, reporting net income of $45 million, or 19 cents a share, for the period ending Sept. 30.

27. EDGE Approves Trio Of PILOT Tax Breaks -

Three companies – including a wing of Memphis-based FedEx – received tax breaks for projects in Memphis that total more than $25 million in capital investment and will create 272 new jobs.

28. Plans for Lakeland Prep Start to Move -

Some of the six suburban school systems were already looking ahead to building new schools before they opened for their inaugural year this past August.

This week, the Lakeland Board of Commissioners became the first of the suburban governments to move toward financing new school construction for what would be called Lakeland Prep.

29. The Horizon Sells to Mississippi Developer for $13.5 Million -

A Mississippi-based developer has acquired the uncompleted Horizon condominium tower overlooking the Mississippi River in Downtown.

Dawn Properties Inc. of Hattiesburg, which is primarily involved in the acquisition, development and management of multifamily properties, has purchased the 16-story, 155-unit tower for $13.5 million and plans on completing the luxury condominiums.

30. Unequal Pay: Must Be a Lot of Good Karma Out There -

NEW YORK (AP) – Don't ask for a raise. Keeping quiet will give you "superpowers" that will translate into employer trust and other "good karma" that will eventually come back around to your purse.

31. Connecting Creatives -

In a body of water, an undercurrent is something that moves beneath the surface and which, though it might be unseen, is unwise to ignore, especially when it flows in the opposite direction of currents visible on the surface.

32. Service Without a Smile: Why Airlines Aren't Nice -

NEW YORK (AP) – Passengers cherish Virgin America for its mood lighting, live TV, fancy cocktails and friendly flight attendants. That nice-guy approach to air travel wins awards and attracts a cult following, but may not fly with Wall Street.

33. Paragon Launches Small-Business Group -

Memphis-based Paragon Bank is expanding beyond the city, thanks to its launch of a new division focused on small-business lending.

34. Obama Claims Progress on Wall Street Rules -

WASHINGTON (AP) – A year after prodding financial regulators to act more swiftly to rein in Wall Street, President Barack Obama on Monday claimed progress in toughening banking rules but urged bank overseers to consider additional ways to prevent the kind of risk-taking that precipitated the 2008 financial crisis.

35. Room for Growth -

Sardor and Gulam Umarov are used to fighting battles with seemingly long odds.

Between 2005 and 2009, the brothers waged a high-profile human rights campaign against the authoritarian government in their native Uzbekistan for the release of their father, Sanjar Umarov, a Germantown businessman thrown into prison for opposing the regime.

36. US Factory Orders Posted Record Drop in August -

WASHINGTON (AP) – Orders to U.S. factories fell in August by the largest amount on record, but the drop was heavily weighed by an expected plunge in volatile aircraft orders.

A key category that tracks business investment plans posted a small increase, offering an encouraging sign that factory production will sustain momentum in the second half of this year.

37. Economy's Q2 Rebound Was Even Faster Than Thought -

WASHINGTON (AP) – The U.S. economy's bounce-back last quarter from a dismal winter was even faster than previously thought, a sign that growth will likely remain solid for rest of the year.

38. County Commission Starts School Bond Process -

Shelby County Commissioners vote Monday, Sept. 22, on a resolution that is the first step in issuing $120 million in general obligation bonds over the next two years to finance “public works projects, including schools,” according to the resolution.

39. Road to Better Mass Transit -

Picking a new transit chief is critical for a city in transition.

Next year, Nashville residents will elect a new mayor and turn over its large Metro Council.

Davidson County also expects some 200,000 new residents over the next 20 years, and much of the success of future development will depend on the ease of navigating around Nashville – already the nation’s second-worst area for sprawl, according to Smart Growth America.

40. Marx-Bensdorf Expands in East Memphis -

A prominent Memphis realty company has expanded its presence in East Memphis. Marx-Bensdorf Realtors has grown in the office building at 5860 Ridgeway Loop Blvd. by 526 square feet, bringing its total to 4,653 square feet.

41. US CEOs Less Optimistic About Hiring, Spending -

WASHINGTON (AP) – Optimism among chief executives at the largest U.S. companies fell in the July-September quarter after reaching a two-year high in the previous quarter.

The Business Roundtable said Tuesday that its CEO outlook index fell to 86.4 in the third quarter, down from 95.4 in the April-June period.

42. Innova Memphis Closes Venture Capital Partnership -

Innova Memphis has reached the first closing of its third venture capital partnership, Innova Fund III LP, with $20 million in capital commitments.

43. Legacy Building -

2014 is shaping up to be a banner year for Legacy Wealth Management, an independent financial planning and portfolio management firm that’s moved into a prominent new space, continued staffing up over the last several months and is preparing to launch a seminar series.

44. Power Play -

When the Tennessee Valley Authority board voted in August to build a new power plant in Southwest Memphis, it was a decision based on factors larger than the power needs in Memphis.

But it was also a decision that is just as important for Memphis as the decision to build the existing Allen Fossil Plant there 55 years ago.

45. Silicon Valley Struggles to Speak FDA's Language -

WASHINGTON (AP) – From Apple's new smartwatch that tracks heartbeats to contact lenses that measure blood sugar – Silicon Valley is pouring billions into gadgets and apps designed to transform health care. But the tech giants that have famously disrupted so many industries are now facing their own unexpected disruption: regulation.

46. Start Co. Post-Acceleration Efforts Help Startups -

Graduation from a Start Co. startup accelerator and making a pitch to investors at the organization’s “Demo Day” is no longer the last stage to cross before entrepreneurs head out into the wild to sink or swim.

47. Innova Memphis Closes Venture Capital Partnership -

Innova Memphis has reached the first closing of its third venture capital partnership, Innova Fund III LP, with $20 million in capital commitments.

48. Walnut Hill Apartments Sells for $28 Million -

8920 Walnut Grove Road
Cordova, TN 38018
Sale Amount: $27.9 million

Sale Date: Aug. 28, 2014
Buyer: IRT Walnut Hill Apartments Owner LLC
Seller: 30 California-based limited liability companies
Details: The 324-unit Walnut Hill Apartments in Cordova has sold for $27.9 million to an entity affiliated with Philadelphia-based RAIT Financial Trust.

49. US Job Growth Slows to 142,000 -

U.S. employers added the fewest jobs in eight months in August, snapping a streak of robust gains and surprising analysts because recent reports had suggested that the economy was steadily improving.

50. FedEx Decides Not to Renew a Renaissance Center Lease -

FedEx has decided not to renew a lease at a prominent East Memphis office building.

FedEx Services is not renewing a roughly 11,000-square-foot lease at the 189,644-square-foot Renaissance Center office building at 1715 Aaron Brenner Drive that expires Oct. 1. Employees affected by the decision will be moved to FedEx facilities, part of a broader consolidation and efficiency plan the company has been pursuing.

51. US Manufacturing Grows at Fastest Pace in 3 1/2 Years -

WASHINGTON (AP) – U.S. manufacturing grew in August at the strongest pace in more than three years as factories cranked out more goods and new orders rose.

The Institute for Supply Management's manufacturing index rose to 59 from 57.1 in July, the ISM said Tuesday. That was the highest reading since March 2011. Any measure above 50 signals that manufacturing is growing.

52. US Consumer Spending Dips 0.1 Percent -

WASHINGTON (AP) – U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed.

Consumer spending edged down 0.1 percent last month after a 0.4 percent increase in June, the Commerce Department reported Friday. It was the first decline in spending since January. Income growth slowed to 0.2 percent in July, the weakest showing in seven months.

53. Council to Review Alternative Health Plan -

Memphis City Council members Tuesday, Sept. 2, talk over a proposed high-deductible health insurance plan that would restore health benefits for city employees and retirees.

The 1:30 p.m. executive session discussion by the full council is the first since the leaders of the Memphis Fire Fighters Association pitched the plan at a health insurance oversight committee session in July.

54. Developers Swing, Miss in Attempt to Buy Prime Germantown Locale -

The first time I stepped into this mustard-yellow building at 300 Jefferson Street to ask how it felt to have the Nashville Sounds moving in across the street, Wayne Woelk, 50, was having a heart attack.

55. People Power -

Meg Crosby and her fellow principals at the HR-focused consulting firm PeopleCap chose that name for their organization because of the way they think about the modern workplace – particularly, the ever-changing nature of the employees who populate it.

56. US Economy Grew at 4.2 Percent Rate in Second Quarter -

WASHINGTON (AP) – After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said Thursday, slightly faster than it had first estimated.

57. Greenprint Advocates Tout Range of Benefits -

After being lampooned for years as one of the worst metro areas in the country for bicyclists and pedestrians, the Memphis region is poised to make a huge leap forward in developing a regional greenway and trail system.

58. Meet Hong Kong -

I just realized that while I have now lived in Hong Kong for nearly a month I have failed to properly introduce you. Allow me to give you the tour.

Between 1842 and 1997, the British controlled the 425-square-mile territory of Hong Kong, which includes Kowloon, the New Territories and over 200 smaller islands. Its proximity to China and its naturally deep water ports make Hong Kong an ideal trade destination. When China reopened in the 1980s, manufacturing boomed in nearby Shenzhen, and Hong Kong became the natural financial and logistics center ... in a way, China’s front office.

59. Hard to Swallow? Burger King May Move to Canada -

NEW YORK (AP) – Some Burger King customers are finding it hard to swallow that the home of the Whopper could move to Canada.

Investors seemed to welcome the announcement by Burger King late Sunday that it was in talks to buy Canadian coffee-and-doughnut chain Tim Hortons and create the world's third-largest fast-food restaurant company. The news pushed shares of both companies up more than 20 percent.

60. Events -

Mid-South Minority Business Council Continuum will host its 2014 Economic Development Forum Tuesday, Aug. 26, through Thursday, Aug. 28, at Memphis Cook Convention Center, 255 N. Main St. Attendees can hear nationally known speakers, learn business growth strategies and get access to business capital. Register at edf.mmbc-memphis.org.

61. Yellen: Job Market Makes Fed Hesitant on Rate Hike -

JACKSON HOLE, Wyoming (AP) – Federal Reserve Chair Janet Yellen said Friday that the Great Recession complicated the Fed's ability to assess the U.S. job market and made it harder to determine when to adjust interest rates.

62. Events -

Mid-South Minority Business Council Continuum will host its 2014 Economic Development Forum Tuesday, Aug. 26, through Thursday, Aug. 28, at Memphis Cook Convention Center, 255 N. Main St. Attendees can hear from nationally known speakers, learn business growth strategies and get access to business capital. Register at edf.mmbc-memphis.org.

63. Council Rejects Utility Construction Contract -

The Memphis City Council approved on the first of three readings Tuesday, Aug. 19, an ordinance that adjusts the city’s policy on the investment of the city’s pension fund. The change would up the percentage of investments in real estate from 5 percent to 10 percent.

64. Source: Horizon Under Contract To Be Purchased -

The Horizon, an uncompleted 16-story residential tower overlooking the Mississippi River on the southern end of Downtown, could change hands soon.

A yet-to-be-identified buyer is under contract to purchase the tower, according to sources familiar with the effort.

65. Council Rejects Utility Construction Contract -

The Memphis City Council approved on the first of three readings Tuesday, Aug. 19, an ordinance that adjusts the city’s policy on the investment of the city’s pension fund. The change would up the percentage of investments in real estate from 5 percent to 10 percent.

66. Fullilove Calls Off Sales Tax Hike Try, Unions May Try -

Memphis City Council member Janis Fullilove pulled the plug Tuesday, Aug. 19, on a proposed November referendum on a citywide half cent sales tax hike.

67. US Home Construction Jumps 15.7 Percent in July -

WASHINGTON (AP) – U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.

68. Developer Files Permit for Graceland-Area Hotel -

3411 Elvis Presley Blvd.
Memphis, TN 38116
Permit Cost: $3.5 million

69. Council Reviews Pension Investment Changes -

For the first time in months, Memphis City Council members have no committee discussions scheduled Tuesday, Aug. 19, on city health insurance benefits or proposed pension plan changes.

But the council will vote on the first in a series of pension plan changes to come.

70. Hotel Owner Files $3 Million Loan -

The new owner of the Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has filed a $3 million loan on the property.

71. Where the Values Aren’t -

Downturns, while painful, can be very useful for the information they provide.

The S&P 500, representative of U.S. large cap stocks, declined 4 percent between July 24 and Aug. 7. Limiting our data set to this time period produces a couple of interesting observations. First, while interest rates didn’t actually move as feared, interest rate sensitive investments did. Master limited partnerships, utilities and high dividend payers underperformed over the period. Second, the emerging and frontier markets outperformed notably.

72. LYFE Kitchen Moving to Memphis -

LYFE Kitchen, a unique California-based restaurant concept, will move its headquarters to Memphis and open two locations – one in Downtown and another in East Memphis.

Palo Alto, Calif.-based LYFE, which stands for Love Your Food Everyday, will open a restaurant in the former Sharky’s Gulf Grill location at 6201 Poplar Ave. and another inside Downtown’s Chisca Hotel, now under construction.

73. US Postal Service Loses $2 Billion This Spring -

WASHINGTON (AP) – The U.S. Postal Service lost $2 billion this spring despite increasing its volume and charging consumers more money to send mail, officials said Monday.

The loss for the spring quarter, which ended June 30, was significantly higher than the $740 million loss for the same three-month period last year. The agency blamed increases in compensation and benefit costs for the red ink and said it would be unable to make a congressionally mandated payment of $5.7 billion this September for health benefits for future retirees. The loss came despite a 2 percent increase in operating revenue compared to last spring.

74. New York Firm Buys Retirement Community -

996 Cherry Road
Memphis, TN 38117
Sale Amount: $12.9 million

Sale Date: July 30, 2014
Buyer: GFTV Audubon Owner LLC
Seller: TV Memphis LP
Loan Amount: $23.5 million
Loan Date: July 30, 2014
Maturity Date: N/A
Lender: Grandbridge Real Estate Capital LLC
Details: An affiliate of New York-based Garrison Investment Group has paid $12.9 million for the 176-unit Town Village Audubon Park retirement community at 950 Cherry Road in East Memphis.

75. McDonald's Sales Hit by China Scandal, US Weakness -

NEW YORK (AP) – McDonald's says a global sales figure fell 2.5 percent in July, dragged down by persistent weakness in the U.S. and a food safety scare in China.

The world's biggest hamburger chain said Friday that the decline included a 3.2 percent drop in the U.S. and a 7.3 percent drop in the unit encompassing Asia, the Middle East and Africa.

76. Springing to Life -

When Ridgeland, Miss.-based development firm the Bryan Co. broke ground on The Horizon condominium tower in 2007, it was at the peak of the housing bubble and optimism from elected officials and Downtown boosters was equally high.

77. Tamp & Tap to Open in East Memphis -

One of the newest office buildings in East Memphis has landed a popular local coffee shop and restaurant.

Tamp & Tap responded to repeated overtures from Highwoods Properties Inc. and has leased 2,785 square feet of space on the first floor of the Triad Centre III building on Poplar Avenue in East Memphis.

78. Madonna Learning Center Files $3.5 Million Loan -

Madonna Learning Center, a school for children and young adults with special needs, has filed a $3.5 million loan on its 7007 Poplar Ave. location in Germantown, which is undergoing an expansion.

79. US Factory Orders Rise 1.1 Percent in June -

WASHINGTON (AP) – Orders to U.S. factories increased in June, led by demand for aircraft, industrial machinery and computers and electronics.

Orders rose a seasonally adjusted 1.1 percent compared to the previous month, the Commerce Department reported Tuesday. Factory orders had fallen 0.6 percent in May after three straight months of gains.

80. Incoming Civil Rights Museum President Seeks Connection -

The incoming president of the National Civil Rights Museum remembers a quick and hurried visit to the museum shortly after the debut of an extensive renovation earlier this year.

“It lends itself to giving people a physical, spiritual experience in coming here. It is a moving institution,” said Terri Lee Freeman, who comes to the museum from being president of the Community Foundation for the National Capital Region in Washington, D.C. “I come from a town where there are a lot of museums. I’ve never had the experience of being physically moved by a museum like I had when I came here the first time.”

81. Health Care Safety Net Tops Council Agenda -

Memphis City Council members get more information during the Tuesday, Aug. 5, council day on different parts of City Hall’s ongoing health benefits and pension liability discussions.

But the only item on the agenda for a vote Tuesday is a resolution to create a $2 million “safety net” that was delayed last month.

82. US Consumer Spending Up 0.4 Percent in June -

WASHINGTON (AP) — U.S. consumer spending rose at the fastest pace in three months in June, providing momentum for the economy going into the second half of the year.

Consumer spending increased 0.4 percent in June on a seasonally adjusted basis following slower increases of 0.3 percent in May and 0.1 percent in April, the Commerce Department said Friday.

83. US Manufacturing Expands Again in July -

WASHINGTON (AP) — US manufacturing expanded for the 14th straight month in July in a good sign for the overall economy.

The Institute for Supply Management, a trade group of purchasing managers, reported Friday that its manufacturing index rose to 57.1, highest level since April 2011 and up from 55.3 in June.

84. US Manufacturing Expands Again in July -

U.S. manufacturing expanded for the 14th straight month in July in a good sign for the overall economy.

The Institute for Supply Management, a trade group of purchasing managers, reported Friday that its manufacturing index rose to 57.1, highest level since April 2011 and up from 55.3 in June.

85. More Vigorous US Economy Appears to Be Emerging -

WASHINGTON (AP) — The U.S. economy has rebounded with vigor from a grim start to 2014 and should show renewed strength into next year.

That was the general view of analysts Wednesday after the government estimated that the economy grew at a fast 4 percent annual rate in the April-June quarter. Consumers, businesses and governments joined to fuel the second-quarter expansion. The government also said growth was more robust last year than it had previously estimated.

86. US Consumer Confidence Jumps to 90.9 in July -

WASHINGTON (AP) — U.S. consumers are more confident about the economy than they have been in nearly seven years.

The Conference Board said Tuesday that its confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. The July reading is the highest since October 2007, two months before the Great Recession officially began.

87. 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.

88. New Life for Old Malls -

Since 1957, when the first modern, fully enclosed shopping mall was built in Edina, Minnesota, shopping became an American pastime. New shopping malls changed the landscape in communities across the country at the rate of 140 a year.

89. Lot Shortage Poses Next Roadblock -

Local homebuilders say a dearth of developed lots is slowing down the new housing rebound, weighing down an industry still trying to drag itself out of the rubble left by the worst recession in decades.

90. Wal-Mart Names New CEO of US Discount Division -

NEW YORK (AP) – Wal-Mart is replacing the chief of its U.S. discount stores in what could be an indication that it's losing confidence that its largest business unit will rebound after more than a year of disappointing results.

91. Knowledge Tree Buys Cordova Retail Center -

8195 Dexter Road
Memphis, TN 38016
Sale Amount: $1.3 million

Sale Date: July 8, 2014
Buyer: K Tree LLC
Seller: 8195 Dexter Road LLC
Loan Amount: $1.5 million
Loan Date: July 11, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of the Knowledge Tree learning center has paid $1.5 million for the 28,575-square-foot shopping center at 8195 Dexter Road in Cordova.

92. Gauge of US Economy Rises 0.3 Percent in June -

A gauge designed to predict the economy’s future health increased in June for a fifth consecutive month, supporting the view that economic growth should accelerate in the second half of this year.

93. First Horizon Reports Positive Quarter -

For the second quarter of its 150th anniversary year, the Memphis-based parent company of First Tennessee Bank reported growth in profit as well as increases in loans, while continuing to reduce the drag of the mortgage business the company sold in 2008.

94. US Unemployment Aid Applications Drop -

The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market.

Weekly applications for unemployment aid dipped 3,000 to a seasonally adjusted 302,000, the Labor Department said Thursday.

95. Microsoft Cutting 18,000 Jobs, Signals New Path -

LOS ANGELES (AP) – Microsoft announced the biggest layoffs in its history Thursday, saying it will cut 18,000 jobs as it streamlines its Nokia mobile device business to focus on using the Windows Phone operating system.

96. US Unemployment Aid Applications Drop to 302,000 -

The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market.

Weekly applications for unemployment aid dipped 3,000 to a seasonally adjusted 302,000, the Labor Department said Thursday.

97. Ehrhart Touts Liberty Bowl to SEC Schools -

HOOVER, Ala. – Steve Ehrhart has work to do.

The 56th AutoZone Liberty Bowl isn’t until Dec. 29, but the bowl’s executive director knows the time is now to make his case to SEC athletic directors.

98. City Council Turns Again to Benefits Discussions -

Memphis City Council members won’t take any major votes Tuesday, July 15, on city employee benefits.

But the controversial topic will likely dominate much of another council day at City Hall. The council is in the gap between its approval of health insurance changes in June and an October vote on the companion proposal to change city employee pension plans for new hires and those with less than 10 years of service.

99. Dance Teacher Spreads Love of Dance From Cordova -

Arman Sahakyan, born in Armenia’s capital city of Yerevan, started taking dance classes as a 6-year-old.

Fast forward almost three decades, and today the 33-year-old remains committed to dance as an art form – only now he’s also spreading that enthusiasm to others as the owner of Dancing With Arman, a dance studio in Cordova.

100. Fed No. 2 Fischer Says Care Needed to Avert Crisis -

WASHINGTON (AP) – The Federal Reserve's new No. 2 official says regulators must continue to work to end the need for the government to bail out big banks in a crisis. Stricter capital requirements, rather than breaking up the biggest banks, is the better remedy, he says.