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Editorial Results (free)

1. Why Airlines Keep Pushing Biofuels: They Have No Choice -

NEW YORK (AP) — The number of global fliers is expected to more than double in the next two decades. In order to carry all those extra passengers, airlines are turning to a technology very few can make work on a large scale: converting trash into fuel.

2. Unemployment Fell in 21 US States in June -

WASHINGTON (AP) — Unemployment rates fell last month in 21 U.S. states and were unchanged in 17, as widespread job growth and a shrinking workforce reduce the ranks of those out of work.

3. 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.

4. 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.

5. Memphis Tourism Officials: Limit Hotel Tax Breaks -

A wave of Downtown hotel plans has officials pumping the brakes on using public incentives for smaller, limited-service hotels.

With up to a dozen Downtown hotel projects in the development pipeline, the Memphis Convention and Visitors Bureau has asked the Downtown Memphis Commission to explore limiting incentives to large, full-service hotels.

6. 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.

7. Crowne Plaza Downtown Getting $7 Million Facelift -

The new owners of the Crowne Plaza Memphis Downtown are launching a top-to-bottom renovation of the property.

Memphis-based Architecture Inc. will lead the $7 million renovation, which will include guest room upgrades, public space improvements and the relocation of some amenities to maximize space.

8. Waddell and Associates Honored by CNBC -

Memphis-based wealth management firm Waddell and Associates Inc. has been ranked 29th on CNBC's list of “Top 100 Fee-Only Wealth Managers” for 2015.

9. 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.

10. As Amazon Turns 20, A Look at Its Biggest Bets -

NEW YORK (AP) – Amazon has come a long way from selling books out of a Seattle garage.

The company had an inauspicious start in July 1995 at the dawn of the Web as an online bookseller. It narrowly escaped the dot-com bust of 2000 to reinvent online retailing. And eventually, it morphed into the global e-commerce powerhouse it is today with $89 billion in annual revenue.

11. Waddell and Associates Honored by CNBC -

Memphis-based wealth management firm Waddell and Associates Inc. has been ranked 29th on CNBC’s list of “Top 100 Fee-Only Wealth Managers” for 2015.

12. On Edge -

In February Sam Carolan was planning to move from Austin, Texas, to Memphis to become a digital sales specialist for Nexstar Broadcasting Group Inc., which owns the ABC24 and CW30 television channels.

13. Yellen: First Fed Rate Hike Likely Later This Year -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said Wednesday she is encouraged by signs that the economy is reviving after a brutal winter. And if the improvements stay on track, the Fed will likely start raising interest rates later this year.

14. LRK Launches Expansion in Downtown Memphis -

Looney Ricks Kiss is embarking on an expansion of its Downtown Memphis headquarters.

The Memphis-based architecture, planning and design firm is expanding its office footprint by about 60 percent as part of a long-term lease extension at the Toyota Center building adjacent to AutoZone Park, 175 Toyota Plaza.

15. Tennessee’s ‘Fighting 26’ Democrats Work to Stay Relevant -

Sometimes Tennessee Democrats must feel like a tree that falls in the forest: Does anyone hear them?

When Democratic legislative leaders called for a special session this summer on Insure Tennessee, Gov. Bill Haslam’s market-based plan to use federal dollars to catch 280,000 working people in a health care coverage gap, they found themselves alone.

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. How the Tennessee Business Court Affects the Business Community -

When business disputes cannot be resolved by negotiation or arbitration, the parties involved often turn to litigation. However, these business disputes frequently involve complex, time-consuming and costly proceedings that would be more appropriate in a specialized forum.

18. Madeline Patterson Joins Burson Campaigns -

Madeline Patterson has joined the Memphis office of Burson Campaigns, the corporate issues management unit of Burson-Marsteller, as a vice president. In her new role, Patterson will work with Burson clients on issues and crisis management, communications strategy, and integrated marketing and communications campaigns.

19. JPMorgan 2Q Profit Up As Bank Trims Expenses -

NEW YORK (AP) — JPMorgan Chase & Co.'s second-quarter profit rose 4 percent as the bank made up for lower revenue by cutting expenses.

20. Beale Authority Prepares to Negotiate Lease With Memphis Leaders -

The Beale Street Tourism Development Authority is at what Downtown Memphis Commission president Paul Morris describes as an “awkward interim stage.”

21. Dresden Site Certified as Shovel-Ready -

A “pad ready” greenfields site on Swanson Drive in Dresden, Tenn., is one of three across the state named Thursday, July 9, as a Select Tennessee Certified Site” by the Tennessee Department of Economic and Community Development.

22. Sliding Into Home Easier Without Balks, Walks, Brushbacks -

Real estate is a bit like baseball. It seems easy enough until a person takes a shot at explaining the intricacies of the respective fields.

Training a new agent how to use the various contracts such as the Purchase and Sale Agreement, Confirmation of Agency Status, Disclaimer, Lead Based Paint Disclosure, the various releases, disclosures are as confusing as why a foul ball is a strike unless it isn’t on the would-be third strike.

23. Boner, Fate and the Summer of Shame -

Phil Bredesen knew what he was trying to do. He just didn’t know if he could accomplish it.

“I had this sense that Nashville was ready for change,” says the former Metro mayor and Tennessee governor, reflecting on his early motivation for taking on the system that had run Nashville for decades.

24. Beale Group Plans for Lease Agreement Instead of District Ownership -

The Beale Street Tourism Development Authority is dropping the idea for now of a fee simple ownership of the entertainment district.

Members of the authority board, which met Thursday, July 9, will instead pursue the leasehold agreement with the city of Memphis, as contemplated in the city ordinance that created the authority as the new long-term planning group for the district.

25. IBM Claims Breakthrough in Making Chips Even Smaller -

NEW YORK (AP) – IBM says it has achieved a breakthrough in making computer chips even smaller, creating a test version of the world's first semiconductor that shrinks down the circuitry by overcoming "one of the grand challenges" of the tech industry.

26. Dresden Site Certified As Shovel-Ready -

A “pad ready” greenfields site on Swanson Drive in Dresden, Tenn., is one of three across the state named Thursday, July 9, as a Select Tennessee Certified Site” by the Tennessee Department of Economic and Community Development.

27. Memphis Medical Device Plan Wins Federal Designation -

A Memphis regional alliance aimed at increasing manufacturing in the Mid-South area is one of 12 manufacturing economic development plans across the country that will get support from 11 federal agencies and the $1 billion in economic development funds those agencies control.

28. 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.

29. Memphis Medical Device Plan Wins Federal Designation -

A Memphis regional alliance aimed at increasing manufacturing in the Mid-South area is one of 12 manufacturing economic development plans across the country that will get support from 11 federal agencies and the $1 billion in economic development funds those agencies control.

30. Memphis Medical Device Plan Wins Federal Designation -

A Memphis regional alliance aimed at increasing manufacturing in the Mid-South area is one of 12 manufacturing economic development plans across the country that will get support from 11 federal agencies and the $1 billion in economic development funds those agencies control.

31. Colorado-Based Summit Wealth Group Expands to Memphis -

Randy Morris' Colorado-based independent wealth management firm Summit Wealth Group has grown at a steady clip over the last several years, and its new entry into the Memphis market shows that trend isn't slowing.

32. 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.

33. Tracking Second-Quarter Market Trends -

With the second quarter basically in the rear-view mirror, have the trends that began in the first quarter of the year continued during the second quarter? Or, has there been a reversal? Let’s take a look, starting with the broad global stock markets. All returns are thru Wednesday, June 24:

34. 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.

35. County Commission Friction Continues Beyond Budget Season -

Put Shelby County government’s budget season in the books for another year.

But the deliberations that ended Monday, July 6, with a stable county property tax rate and county government staying within its $6 million budget surplus weren’t quite as smooth as those decisions might suggest.

36. Share Your Vision in Concise, Compelling Ways -

How does your nonprofit report on its work? How do you share your vision, work and impact? Do you send an email? Create an annual report? What about an annual meeting bringing together donors, leaders, clients, vendors, partners, board members, and staff? Are you up to it? Can you make the time? Our perspective: How can you not afford the time?

37. Memphis City Council to Vote on Forrest Statue Removal -

[Update: Adds specifics of City Council's proposal on Nathan Bedford Forrest. The council will vote on the Forrest statue removal today.] With the city budget season done, Memphis City Council members turn their attention Tuesday, July 7, to development in the Pinch district, the statue of Nathan Bedford Forrest and redrawing council district lines.

38. Wonder Bread Bakery Under Contract -

The former Wonder Bread bakery at 400 Monroe Ave. could soon have a new owner.

The bakery, idled by a labor strike before being sold in 2013, is under contract to a potential buyer, according to a commercial real estate broker.

39. 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?

40. Gulch Approaching 50 Percent Buildout -

Nashville’s storied Gulch, originally the home of the downtown railway terminal, is approaching another milestone in its long history.

Revitalization of the area began in the early 2000s, and The Gulch Improvement District was formed in 2006. Since that time, developers have found great success in luring in upscale residential, commercial and mixed-use tenants.

41. Fino’s Taking a Bite Out of East Memphis -

The Brookhaven Circle area, an emerging restaurant row in the heart of East Memphis, is welcoming a new neighbor.

Jerry Wilson, owner of Fino’s from the Hill at 1853 Madison Ave. in Midtown, has acquired the property at 703 W. Brookhaven Circle in East Memphis for $526,600.

42. Consumer Confidence Index Climbs to 101.4 in June -

WASHINGTON (AP) – Consumer confidence showed a solid gain in June following a modest increase in May, supporting the view that strong job gains are giving a boost to the overall economy.

43. Engaging Followers Via LinkedIn -

LinkedIn, the world’s largest social media platform specifically targeting the business community, has grown to roughly 350 million users in 2015 according to Statista. And businesses have taken note with more than 4 million of them flocking to create company pages in order to tap into this critical mass of business professionals.

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

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

45. Culture Trumps Concepts -

When many people hear the word “Innovation” they think of a service that created a category: Xerox or FedEx. Or, they think of one that made bold, brilliant moves to earn a leadership position in an emerging space: Google, Facebook, Uber and Airbnb.

46. Uncomfortable Truths in Real Estate Contracts -

Bill Decker of Decker Wealth Management was recently discussing a contract issue he had with one of his vendors, the issue being whether Decker should be allowed to purchase additional product at a certain price.

47. 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.

48. Memphis Redbirds' Winning Record Doesn't Extend to Attendance -

The Memphis Redbirds are running last in the 16-team Pacific Coast League’s attendance race; the St. Louis Cardinals own the best record in the 30-team on-field competition run by Major League Baseball.

49. Nike Formally Opens $301 Million Frayser Expansion -

Executives of Nike Inc. are in Memphis Friday, June 26, to formally open the $301 million expansion of the sports shoe and apparel giant’s Northridge distribution center at 3100 New Frayser Boulevard.

50. 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.

51. 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.”

52. UBS Adding New Office in Nashville Area -

NASHVILLE, Tenn. (AP) — State officials say financial services company UBS is investing $11 million in a new office in Williamson County, adding 350 jobs in the next several years.

Officials said the new office in Franklin will accommodate the growth of the UBS Business Solution Center in Nashville, as well as a satellite branch office for Wealth Management Americas financial advisors.

53. Spanish Auto Parts Maker Gestamp Expanding in Chattanooga -

CHATTANOOGA, Tenn. (AP) — Spanish auto parts maker Gestamp is expanding operations in Chattanooga with a $180 million investment the company says will triple its capacity in the city and create 550 new jobs.

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

The developers behind a massive hotel near Graceland are ready to shake, rattle and roll on the project.

Guest House at Graceland LLC, formed to develop the hotel, has filed an $84 million construction loan for the 450-room resort-style hotel at 3600 Elvis Presley Blvd.

55. Michigan Investor Pays $7.5 Million for Hickory Hill Apartments -

5995 Waterstone Oak Way
Memphis, TN
Sale Amount: $7.5 million

Sale Date: June 11, 2015
Buyer: RoCo-Lakes LLC
Seller: RRE Waterstone Holdings LLC
Loan Amount: $6.2 million
Loan Date: June 11, 2015
Maturity Date: June 11, 2017
Lender: Keybank NA
Details: RoCo-Lakes LLC, a Michigan limited liability company, purchased two parcels comprising The Lakes at Ridgeway Apartments on June 11.

56. Modern Throwback Over the Moon Diapers Finds Growth in Online Sales -

New parents often look to their own mothers for support and advice, but Courtney Moser found a business partner in her mother, Janice Bogott. The pair operates Over the Moon Diapers, a web-based distributor for cloth diapers, breastfeeding accoutrements and other baby supplies.

57. Memphis Startup ‘Pickle’ Lands $135,000 in Funding -

A local entrepreneur has secured $135,000 in funding for her startup company, Pickle.

Morgan Steffy, an entrepreneurship fellow at the University of Memphis Crews Center for Entrepreneurship, has secured the funds for the competitive “selfie” and photo sharing application. Users can upload photos to challenge in categories such as “best dog selfie” or “most disheveled morning face” and other users vote for a winner.

58. Fast Growth for Knoxville Diocese -

For the smallest Catholic diocese in the U.S., the Knoxville diocese knows how to draw a crowd of movers and shakers.

At the April 19 groundbreaking for the new $25 million cathedral, the lineup of both secular and non-secular dignitaries attending a weekend of events was impressive.

59. Building Green in a Red-Hot Market -

Counting cranes has become a Nashville pastime, and the perks of all that development are clear – a robust economy, vibrant real estate market and more jobs.

Naturally, there is concern among some residents that all of the construction and increased population could harm the area’s environment, water and air quality and green space.

60. Passion for Architecture Fuels Looney Ricks Kiss' Norcross -

Rob Norcross, a principal at Memphis architecture, planning and design firm Looney Ricks Kiss, has increasingly enmeshed himself into public service, holding positions on several key boards or committees.

61. Current Account Trade Deficit Widens to $113.3 Billion -

WASHINGTON (AP) – The deficit in the broadest measure of U.S. trade increased in the January-March quarter to the highest level since the spring of 2012 as American exports declined.

The Commerce Department said Thursday that the deficit in the current account increased to $113.3 billion in the first quarter, up 9.9 percent from a fourth quarter deficit of $103.1 billion. It was the largest imbalance since a $118 billion deficit in the second quarter of 2012.

62. Kroger First-Quarter Earnings Rise, Top Expectations -

CINCINNATI (AP) – Kroger's fiscal first-quarter profit rose, free of some pension-related charges that weighed it down last year.

A profit that beat expectations and an upgraded sales forecast helped push the supermarket chain's stock higher in premarket trading.

63. Memphis Startup 'Pickle' Lands $135,000 in Funding -

A local entrepreneur has secured $135,000 in funding for her startup company, Pickle.

Morgan Steffy, an entrepreneurship fellow at the University of Memphis Crews Center for Entrepreneurship, has secured the funds for the competitive “selfie” and photo sharing application. Users can upload photos to challenge in categories such as “best dog selfie” or “most disheveled morning face” and other users vote for a winner.

64. 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.

65. Fed Sees Stronger Economy, Leaves Key Rate at Record Low -

WASHINGTON (AP) – The U.S. economy has strengthened since a slump early this year, the Federal Reserve said Wednesday, but it wants to see further gains in the job market and higher inflation before raising interest rates from record lows.

66. CVS Health Launches Health, Beauty Makeover for Drugstores -

CVS drugstores that quit tobacco sales last year are now getting health and beauty makeovers and a shot of ethnic diversity in some cases to attract customers who want more than a prescription refill.

67. Local Investment Group Files $11.4 Million Loan -

Radiant Group of Properties LLC filed an $11.4 million loan with BancorpSouth Bank on June 14 for 14 of its retail properties around Memphis and Shelby County.

68. Hickory Hill Retirement Home Sells for $1.2 Million -

FLH Assisted Living Residences LP, a Tennessee limited partnership based in Collierville, purchased the Franklin Park retirement home located at 3393 Kirby Road in Hickory Hill on June 11 for $1.2 million.

69. Investors, Mind Your Footing -

Bonds Can Lose Money After All. Heightened Fed concerns mixed with rising inflation indices in the U.S. and Europe have continued to press interest rates higher across the curve.

As a consequence, the vast majority of bond market indices have turned negative on the year. The Barclays U.S. Aggregate Bond Market index has shed 0.73 percent, while the longer dated U.S. Treasury 20+ Year index has fallen more than 7 percent through June 11.

70. Predicting Sales & Marketing Plan Returns -

Far too many companies look to past growth as the single best predictor of future growth in setting annual revenue targets with little analysis of the factors driving that past progress, anticipated market shifts over the coming year, and the predictability of the sales and marketing strategies built into their annual plan. It is a goal-setting process with a high likelihood for failure caused by either unrealistically high goals or those which aren’t nearly aggressive enough.

71. Zacks Expects FedEx to Beat Earnings Estimates  -

Zacks said it is “impressed by FedEx’s efforts to control costs in a bid to boost the bottom line.”

Consequently, Zacks expects FedEx to achieve its fiscal 2015 earnings per share outlook in the band of $8.80 to $8.95. The investment research firm also said it was encouraged by the Memphis-based company’s “focus on share buybacks and regular dividend payments to enhance shareholder value.”

72. Hillwood Pays $17.7 Million for FedEx SupplyChain Facility -

5050 E. Holmes Road and 0 Lamar Ave.
Memphis, TN 38118
Sale Amount: $17.7 million

73. 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.

74. Q&A: Net Neutrality Rules Go Into Effect -

NEW YORK (AP) – New rules that treat the Internet like a public utility and prohibit blocking, slowing and creating paid fast lanes for online traffic took effect Friday.

Cable and telecom industry groups have sued to have the rules thrown out, arguing they are too onerous. But on Thursday, a federal appeals court declined to block the rules from taking effect as the industry litigation against them proceeds. A court could still eventually overturn the rules.

75. Downtown Commission Searches for New Leader -

The Downtown Memphis Commission is stepping up its search for a new president and chief executive to replace the outgoing Paul Morris.

76. Hillwood Pays $17.7M for FedEx SupplyChain Facility -

Hillwood Investment Properties, a Dallas-based commercial real estate investment company based, has purchased the Summit Distribution Center Building II, according to a special warranty deed filed June 4.

77. Downtown Memphis Commission Searches for New Leader -

The Downtown Memphis Commission is stepping up its search for a new president and chief executive to replace the outgoing Paul Morris.

78. MAA Outgrowing Its East Memphis Headquarters -

MAA has tapped Cushman & Wakefield/Commercial Advisors to explore its long-term corporate office needs.

The apartment-focused real estate investment trust says internal growth and the 2013 acquisition of Colonial Properties Trust means space at its East Memphis headquarters is getting tight.

79. 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.

80. Do More Jobs Mean More Economic Security? Not for Some -

WASHINGTON (AP) – The U.S. economy is churning out a lot of jobs these days but not a lot of financial security for many of the people who hold them.

Pay growth, though improving, remains tepid. Many workers have few opportunities to advance. Others have taken temporary, part-time or freelance jobs, with little chance of landing full-time permanent work with benefits.

81. 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.

82. Hillwood Pays $17.7 Million for FedEx SupplyChain Facility -

Hillwood Investment Properties, a Dallas-based commercial real estate investment company based, has purchased the Summit Distribution Center Building II, according to a special warranty deed filed June 4.

83. Solana Senior Living Facility Sells for $65.5 Million -

8199 Poplar Ave.
Germantown, TN 38138

Sale Amount: $65.5 million

Sale Date: May 27, 2015

84. 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.

85. Tennessee Recognized with Gold Shovel -

Tennessee is ranked highly by a publication focused on site selection, business recruitment and economic development.

Tennessee was awarded a Gold Shovel award from Area Development magazine in recognition of projects undertaken in 2014 that created a significant number of new jobs and investment.

86. Downtown Developer Gene Carlisle Laid to Rest -

Downtown developer Gene Carlisle was laid to rest Monday, June 1, following his death late last week. He was 72.

Carlisle was chairman and founder of Carlisle Corp., a multifaceted real estate development firm and restaurant operator, including numerous franchised Wendy’s locations. In 2014, Carlisle Corp. made an equity investment in LYFE Kitchen, which is planning to open two Memphis locations and move its headquarters here.

87. LYFE Kitchen Pays $3M For East Memphis Spot -

LYFE Kitchen has purchased its East Memphis location from a division of Memphis-based Carlisle Corp.

LYFE bought the restaurant at 6201 Poplar Ave. from Wendelta Property Holdings LLC for $3 million, according to a May 29 warranty deed.

88. The Solana Germantown Bought For $65.5 Million -

An affiliate of a Fortune 500 real estate investment trust has bought a senior living facility in Germantown for nearly $65.5 million.

HCP Germantown LLC, an affiliate of health care-focused, publicly traded real estate investment trust HCP, bought The Solana Germantown facility at 8199 Poplar Ave. in Germantown from FSP-Germantown, an affiliate of Brookdale Senior Living, according to a May 27 warranty deed.

89. Buster's Boom: Popular Liquor and Wine Store Expanding -

Buster’s Liquors & Wines is expanding its footprint. The popular wine and liquor store near the University of Memphis is taking over the space occupied by La Hacienda Mexican Restaurant in the University Center retail development at Poplar Avenue and Highland Street.

90. Building the Bank of the Future -

When Triumph Bank holds the grand opening ceremony June 16 for its sleek, ultramodern-looking branch in Germantown, at 7550 West Farmington Blvd., it will be the culmination of a wholesale shift in the banking industry that Triumph CEO Will Chase has been thinking about for years.

91. Making the Connection -

Archie Willis III had just earned his master’s degree in business at the University of North Carolina at Chapel Hill when he returned to Memphis in 1981 to help his father, A.W. Willis Jr., redevelop the Adler Hotel Annex.

92. Fed Sees Moderate Economic Growth Around Country This Spring -

WASHINGTON (AP) – The U.S. economy was growing at a moderate pace in most regions of the country in April and May, as consumers ramped up spending at retailers and auto dealers, the Federal Reserve said Wednesday.

93. Ashley Furniture Talking With Investment Banker -

ARCADIA, Wis. (AP) – Ashley Furniture Industries has acknowledged that it's in "exploratory" discussions with investment banking firm Goldman Sachs, but downplays the possibility of a sale.

94. Tennessee Economic Development Efforts Recognized -

Tennessee is ranked highly by a publication focused on site selection, business recruitment and economic development.

Tennessee was awarded a Gold Shovel award from Area Development magazine in recognition of projects undertaken in 2014 that created a significant number of new jobs and investment.

95. The Solana Germantown Bought for $65.5 Million -

An affiliate of a Fortune 500 real estate investment trust has bought a senior living facility in Germantown for nearly $65.5 million.

HCP Germantown LLC, an affiliate of health care-focused real estate investment trust HCP, bought The Solana Germantown facility at 8199 Poplar Ave. in Germantown from FSP-Germantown, an affiliate of Brookdale Senior Living, according to a May 27 warranty deed.

96. Budget Required for Money Management, Part 2 -

How much am I spending? Should I pay down debt or invest more?

Ready? Visualize bright and sunny, 70 degrees outside. Grab a satin pillow to hold. Relax, but keep reading.

The way you know how much you are spending is usually to look at your bank account to see where the money goes every month. If you don’t have a bank account and only use a money card, it is more difficult to track.

97. Medtronic Beats Street Fourth-Quarter Forecasts -

Medtronic lost $1 million in its fiscal fourth quarter, as costs tied to its $42.9 billion acquisition of Covidien and other expenses weighed on the medical device maker's performance.

The company, which moved its headquarters to Dublin earlier this year after completing the deal, absorbed $368 million in acquisition-related costs and $207 million in restructuring. Medtronic's selling, general and administrative expenses also soared 56 percent to $2.4 billion. Its cost of products sold also more than doubled in the quarter that ended April 24.

98. Dollar General First-Quarter Profit Tops Street, Key Sales Metric Rises -

GOODLETTSVILLE, Tenn. (AP) – Dollar General's fiscal first-quarter profit topped Wall Street's expectations, and a key sales measurement rose thanks to better traffic and shoppers spending more per transaction.

99. Downtown Developer Gene Carlisle Laid to Rest -

Downtown developer Gene Carlisle was laid to rest Monday, June 1, following his death late last week. He was 72.

Carlisle was chairman and founder of Carlisle Corp., a multifaceted real estate development firm and restaurant operator, including numerous franchised Wendy’s locations. In 2014, Carlisle Corp. made an equity investment in LYFE Kitchen, which is planning to open two Memphis locations and move its headquarters here.

100. Regions Bank Taps New Area Wealth Executive -

Regions Bank has tapped Travis LeMonte to be its new area wealth executive for Regions Private Wealth Management in West Tennessee.