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Editorial Results (free)

1. Bruno Mars Tickets Go on Sale Feb. 3 -

Bruno Mars, an 18-time Grammy Award nominee and winner, is bringing his 2014 Moonshine World Tour to FedExForum June 6 at 8 p.m.

Tickets go on sale Monday, Feb. 3, at 10 a.m., available at all Ticketmaster locations, ticketmaster.com, the FedExForum box office or by phone at 800-745-3000.

2. Some Employers See Perks of Hiring Older Workers -

Older people searching for jobs have long fought back stereotypes that they lack the speed, technology skills and dynamism of younger applicants. But as a wave of baby boomers seeks to stay on the job later in life, some employers are finding older workers are precisely what they need.

3. Affordable Aging -

The cost of caring for family members and loved ones as they age can become overwhelming if not planned for properly.

Stellar Home Care and Page Robbins Adult Day Care Center are offering families less-expensive alternatives that allow them to keep their loved ones in their homes longer.

4. Ally Financial Firms Paying $198 Million for US Claims -

WASHINGTON (AP) – Ally Financial and its related companies are paying about $198 million to settle federal complaints that the companies wrongfully foreclosed on homeowners.

The Federal Reserve announced the agreement Friday with Ally Financial, the former lending arm of General Motors known as GMAC Mortgage.

5. Pilot Program Helps Seniors Maintain Independence -

The MetLife Foundation and Partners for Livable Communities recently selected the Plough Foundation and Memphis to participate in the City Leaders Institute on Aging in Place, a national pilot project striving to help people aged 65 years and older to live independently in their homes.

6. Lender Processing Paying $121 Million to Resolve Claims -

One of the biggest U.S. mortgage processing companies has agreed to pay $121 million to resolve states' claims that it wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

7. Fed Fines MetLife $3.2M Over Foreclosure Abuses -

WASHINGTON (AP) – The Federal Reserve is imposing $3.2 million in penalties against MetLife Inc. for failing to prevent foreclosure abuses by its bank subsidiary.

8. MetLife, States Reach Settlement Near $500M -

LOS ANGELES (AP) – MetLife Inc. has agreed to pay nearly $500 million in a multi-state settlement over allegations it didn't pay life insurance benefits to some of policyholders.

9. Gov't Orders Lenders to Reimburse Homeowners -

WASHINGTON (AP) — The U.S. government on Wednesday ordered 16 of America's largest mortgage lenders and servicers to reimburse homeowners who were improperly foreclosed upon.

Government regulators also directed the financial firms to hire auditors to determine how many homeowners could have avoided foreclosure in 2009 and 2010.

10. Petty Joins Phoenix Power Group -

Doug Petty has joined Phoenix Power Group as the new vice president of sales and marketing.

Hometown: Memphis
Education:
I hold B.S. degrees in chemistry and industrial hygiene from the University of North Alabama
Work Experience:
I worked for 10 years as a specialty hospital sales representative for Merck Pharmaceuticals. For nine years I was a senior industrial hygienist for EnSafe Inc.
Activities you enjoy outside of work:
You can usually find me on a golf course, but I also spend time singing and playing guitar in the Memphis area. I enjoy watching Tigers football and basketball games and cooking out with friends.
Who has had the greatest influence on you?
My parents are my greatest influences. I obviously chose wisely.
What drew you to Phoenix Power Group?
I was drawn to the opportunity to become involved on the ground floor of such an innovative, revolutionary system. In addition, this was a chance to be associated with a talented and experienced group of professionals and investors. Based on my years of professional experience, I know a good thing when I see it.
What does your job as VP of sales and marketing entail?
Our company utilizes breakthrough technology to convert used oil into electricity in an environmentally responsible manner. My position utilizes my background in environmental science, regulation, and high-performance marketing and sales. My specific responsibilities include managing regulatory affairs, developing marketing materials, training and distributor support.
What do you consider your greatest professional accomplishments?
It would have to be the relationships that I’ve built with co-workers, clients and customers over the years. Those are things that can’t be measured on a spreadsheets or sales reports. Winning the Regional Medical Center’s 2007 Pharmaceutical Representative of the Year Award certainly comes to mind.
What do you most enjoy about your work?
The level of excitement and energy around the PPG organization is remarkable. I’ve been looking for the opportunity to help launch a potential “Next Big Thing” for quite a long time. It is hard not to be excited when your field of work is always pushing the edge and creating new challenges and opportunities. No one has done what we are doing, so we really are a “new” idea. That comes with challenges and benefits; but there is something unique about “creating” a product, something that a cubicle just can’t offer.

11. Alzheimer’s Day Services Receives National Award -

The National Alliance for Caregiving and MetLife Foundation have recognized Alzheimer’s Day Services of Memphis Inc. for its “Male Caregivers Cooking Program.”

12. AIG Won't Accept Lower Prudential Offer for AIA -

LONDON (AP) - Bailed-out U.S. insurer AIG reported Tuesday it won't accept a lower offer for its Asian insurance business from Prudential, which proposed a $5 billion cut to calm rebellious shareholders who thought the price was too high.

13. AIG Sells Alico Unit to MetLife for $15.5 Billion -

CHARLOTTE, North Carolina (AP) - American International Group Inc. said Monday it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG's second big asset sale in two weeks, will give the insurer more cash to repay the billions of bailout dollars it still owes the government.

14. AIG Narrows Q4 Loss, Continues Restructuring -

CHARLOTTE, N.C. (AP) – AIG said Friday it lost $8.87 billion in the fourth quarter as its general insurance business remained weak and the company ran up expenses from paying back government loans.

15. CEOs to Hill: Quit Calling Us for Campaign Cash -

WASHINGTON (AP) - Dozens of current and former corporate executives have a message for Congress: Quit hitting us up for campaign cash.

Roughly 40 executives from companies including Playboy Enterprises, ice cream maker Ben & Jerry's, the Seagram's liquor company, toymaker Hasbro, Delta Airlines and Men's Wearhouse sent a letter to congressional leaders Friday urging them to approve public financing for House and Senate campaigns. They say they are tired of getting fundraising calls from lawmakers – and fear it may only be worse after Thursday's Supreme Court ruling.

16. First Tennessee Vows To Cooperate With FHA Inquiry -

The number of First Tennessee Bank’s new mortgage loans in 2009 was down more than 50 percent from the previous year, partly a result of the bank selling its mortgage division to MetLife Bank in late 2008.

17. Report: AIG CEO Ready to Quit Over Pay Constraints -

NEW YORK (AP) - After just three months as head of embattled insurer American International Group, Robert Benmosche has threatened to leave his post as he struggles to deal with heavy government oversight and restrictions on what the bailed-out company can pay employees, according to a published report.

18. First Horizon CEO Rises Above Market Turbulence -

The logo of First Horizon National Corp. is a small piece of the Tennessee state flag.

It reflects the Volunteer State roots of the financial services giant. And it’s where First Horizon had begun to refocus itself before Bryan Jordan moved into a corner office of the company’s Downtown Memphis headquarters one year ago this week.

19. Highland Hip -

The Highland strip is growing a skyline. The Stratum on Highland Street, a five-story apartment complex, was the first new structure west of the University of Memphis to sprout last August on the storied commercial strip itself.

20. Drug Industry, Pfizer Lead in Health Lobbying -

WASHINGTON (AP) - The drug industry's trade group and one of the nation's biggest pharmaceutical companies reported spending more money than other health care organizations on lobbying in the second quarter of this year.

21. In ’08, TARP Thrown Over Finance Industry -

One of the storylines that emerged in late 2008 and grew to become a symbol of the financial industry’s excess and Washington’s newfound regulatory zeal is a four-letter word: TARP.

The acronym for the Troubled Asset Relief Program involved the U.S. Department of the Treasury taking equity stakes in banks around the country in the form of preferred shares. A little less than a year after he started buying those shares in banks last fall, Uncle Sam has reached deep into his purse to make the investments in almost every banking market in the country.

22. Dodd's Wife Serves on Health Care Company Boards -

WASHINGTON (AP) - The wife of a senator playing a lead role on a national health care overhaul sits on the boards of four health care companies, one of several examples of lawmakers with ties to the medical industry.

23. Insurers Get OK For Treasury Funds -

LOS ANGELES (AP) – The U.S. Treasury Department has agreed to extend billions in bailout funds to six major life insurers, following a months-long quest by some in the sector for government help in shoring up capital positions in the wake of major investment losses.

24. Bank Stock Offerings Weigh on Financial Shares -

NEW YORK (AP) – KeyCorp, which is among 10 major U.S. banks ordered by the government to raise more capital as a buffer against future losses, joined several other banks Monday in announcing public stock offerings.

25. Stress Test Results Lift Cloud of Uncertainty -

WASHINGTON (AP) – Government exams of the biggest U.S. banks have helped lift a cloud of uncertainty that has hung over the economy.

The so-called stress tests – a key Obama administration effort to boost confidence in the financial system – showed nine of the 19 biggest banks have enough capital to withstand a deeper recession. Ten must raise a total of $75 billion in new capital to withstand possible future losses.

26. Bank Stress Tests Show Some Banks Need More Funds -

WASHINGTON (AP) - Some of the largest U.S. banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing many need more funds. The Treasury Department will officially release results later Thursday.

27. AIG Looking at Alternatives for Government Loan -

CHARLOTTE, N.C. (AP) - Beleaguered insurer American International Group Inc. is apparently asking for its fourth loan from the federal government just days before it is expected to report a fourth-quarter loss.

28. Renasant Names Wiegert VP, Mortgage Production Manager -

Michael Wiegert has been named vice president and mortgage production manager for Renasant Bank in Memphis.

29. First Horizon’s Q3 Loss Widens to $118 Million -

First Horizon National Corp. reported Friday its third-quarter loss widened sharply as the regional bank boosted its provision for loan losses as loans tied to residential real estate increasingly default.

30. Jobless Claims Drop From Seven-Year High -

WASHINGTON (AP) – New applications for unemployment benefits dropped last week from a seven-year high, the Labor Department reported Thursday, though they remain at elevated levels that indicate recession.

31. New CEO Talks Up First Horizon -

Bryan Jordan, the new CEO of First Horizon National Corp., was in New York Tuesday, busy with a task he also tackled at the end of his first week in the CEO’s chair Friday.

Jordan has been reaching out to Wall Street analysts in an attempt to reassure them about the direction of the Memphis-based financial services company.

32. First Tennessee Selects PHH Mortgage -

First Tennessee Bank, a subsidiary of First Horizon National Corp., has selected PHH Mortgage to streamline its retail mortgage loan origination, processing and loan servicing.

FTB now will offer a low price program for many types of mortgages and will provide customer incentives if the bank does not meet agreed-upon mortgage closing dates on conventional loans for purchases.

33. First Horizon Completes Sale Of Mortgage Origination Biz -

First Horizon National Corp. has completed the sale of its mortgage origination and servicing business outside Tennessee.

On Aug. 31, First Horizon sold about 250 mortgage production offices outside the state and its loan origination and servicing platforms to MetLife Bank N.A., a unit of MetLife Inc.

34. Tenn. to Get New Specialty License Plates -

Gov. Phil Bredesen is allowing the latest batch of specialty license plates to become law without his signature.

Bredesen, a Democrat, has long complained about the proliferation of specialty tags, urging lawmakers to rein in the number of plates available in Tennessee.

35. First Horizon Sells Mortgage Biz to MetLife -

First Tennessee Bank National Association has reached a deal that will allow it to sell all of its mortgage business outside of the state.

First Tennessee is a subsidiary of Memphis-based First Horizon National Corp.

36. Supreme Court to Rule in MetLife Case That Could Increase Cost of Employee Benefit Plans -

WASHINGTON (AP) - The Supreme Court on Friday said it would rule on an appeal by MetLife Inc. in a case that could make employee benefit plans more expensive.

The dispute centers on whether insurance companies such as MetLife have a conflict of interest when they both administer employee disability plans - which requires deciding whether employees are eligible for benefits - and pay benefits under them. If the court rules that handling both functions constitutes a conflict, that could encourage employers to hire separate companies for each function, potentially raising the plans' costs, lawyers for MetLife argue.

37. Tennessee Receives Student Communications Grant -      Tennessee is one of four states that have been awarded a $2,000, six-month student communication grant. The grant is made possible through the National Association of State Boards of Education's Student Leadership Initia

38. Memphis Firm ProvidesBig-Deal Financing -      Memphis-based MetLife Timberland Finance Group, a division of MetLife Inc.'s Agricultural Investments unit, has provided $3.16 billion financing for about 2.6 million acres of timberland and timber across the southeaster

39. Local Assisted Living CostsAmong Lowest, Survey Says -      While assisted living costs in the United States continue to rise, monthly costs for Memphis remain below the national average, according to the 2006 MetLife Market Survey of Assisted Living Costs.
   

40. Archived Article: Daily Digest - Land Near Poplar

Land Near Poplar

Financed for $3.2 Million

BMB & Associates LLC has financed 24.55 acres near Poplar Avenue and Calkins Road in Germantown for $3.2 million, according to The Daily News Public Records Database, www.memph...

41. Archived Article: Real Recap - STACEY On the second one down, I used the term Peabody Place Centre Condominium etc

Greystar Refinances Preserve at Southwind 7991 Capilano Drive

Memphis, TN 38125

Cost: $17.1 million

Borrower: Southwind Multifamily LP

Lender: Metropo...

42. Archived Article: Daily Digest - Far East economic director

Far East economic director

makes visit to Bluff City

International Trade Centers-Tennessee Small Business Development Centers, Memphis Regional Chamber and the University of Memphis present Sarah P.C. Wu, Hong Kon...

43. Archived Article: Memos - James Pascover was appointed Better Business of the Mid-South director of marketing and communications

James Pascover was appointed Better Business Bureau of the Mid-South director of marketing and communications. Pascover brings more than 20 yea...

44. Archived Article: Market Briefs - MetLife Auto & Home announced that First Tennessee Insurance, Menard Gates & Mathis Incorporated, The Associated Agency and Ha

MetLife Auto & Home announced First Tennessee Insurance, Menard Gates & Mathis Inc., the Associated Age...

45. Archived Article: Real Fcs (rent Ins) Lj - By LAURIE JOHNSON Renters relief A renters insurance policy could mean the difference between starting fresh and starting from scratch By LAURIE JOHNSON The Daily News In the residential rental industry, landlords and tenants share a common goal: Th...