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Editorial Results (free)

1. Sprouts Farmers Market Applies for Building Permit -

3150 Village Shops Drive
Germantown, TN 38138

Project Cost: $1.5 million

Applied: Oct. 14, 2014

2. Collierville Storage Facility Sells for $3.9 Million -

A California-based owner and operator of self-storage facilities has purchased a Collierville storage facility for $3.9 million.

LifeStorage, through an entity operating as SSTN 651 S. Rowlett Street LLC, acquired the 62,170-square-foot facility at 651 S. Rowlett St. from LottaStorage LLC, according to an Oct. 6 special warranty deed. The Shelby County Assessor of Property’s 2014 appraisal is $2.2 million.

3. FBI Director Warns Against Cellphone Encryption -

WASHINGTON (AP) – FBI Director James Comey warned in stark terms Thursday against the push by technology companies to encrypt smartphone data and operating systems, arguing that murder cases could be stalled, suspects could walk free and justice could be thwarted by a locked phone or an encrypted hard drive.

4. Thinner iPads, Sharper iMacs in Apple's Lineup -

CUPERTINO, Calif. (AP) – Apple unveiled a thinner iPad Thursday with a faster processor and a better camera as it tries to drive excitement for tablets amid slowing demand. The company also released an update to its Mac operating system and introduced a high-resolution iMac model that might appeal to heavy watchers of television over the Internet.

5. Budget Deficit Drops to $483 Billion, Lowest Since 2008 -

WASHINGTON (AP) – The deficit for the just completed 2014 budget year was $483 billion, the lowest of President Barack Obama's six years in office, the government reported Wednesday.

It's the lowest since 2008 and, when measured against the size of the economy, is below the average deficits of the past 40 years. The deficit equaled 2.8 percent of gross domestic product, which is the economy's total output of goods and services.

6. Collierville Storage Facility Sells for $3.9 Million -

A California-based owner and operator of self-storage facilities has purchased a Collierville storage facility for $3.9 million.

LifeStorage, through an entity operating as SSTN 651 S. Rowlett Street LLC, acquired the 62,170-square-foot facility at 651 S. Rowlett St. from LottaStorage LLC, according to an Oct. 6 special warranty deed. The Shelby County Assessor of Property’s 2014 appraisal is $2.2 million.

7. 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.

8. 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.

9. Acceleration Sports Gets All Ages Stronger -

If personal trainer/performance coach Stacy Peterson could help volleyball players at the Hutchison School, including their own daughters, then maybe she could help them, too.

10. Commission’s First Partisan Challenge Lingers -

Shelby County Commissioners appeared last week to be on the way to putting behind them their first political controversy of their term of office.

Six of the seven Democratic commissioners along with Republican commissioner Steve Basar voted last month to delay the slate of committee assignments made by new chairman Justin Ford.

11. Federal Budget Deficit Falls to $486 Billion -

The federal government's budget deficit has fallen to $486 billion, the smallest pool of red ink of President Barack Obama's six-year span in office, a new report said Wednesday.

The Congressional Budget Office's latest estimate shows better results than earlier projections by both CBO and the White House budget office.

12. McNeill Files Loans for Medical Office Park -

McNeill Commercial Real Estate, operating as Wolf River Kimbrough Partners, has filed two loans totaling $4 million for a planned medical office park.

McNeill filed for the loans with Financial Federal, according to two Oct. 1 commercial deeds of trust. Spence Ray of McNeill signed both deeds of trust.

13. TGI Fridays Franchisee Buys 3 Local Restaurants -

A New Orleans-based restaurant group has acquired three local TGI Fridays restaurants.

Southeast Restaurant Group bought the restaurants at 8325 U.S. 64, 7733 Winchester Road and 176 Goodman Road in Southaven, part of a broader 20-restaurant deal.

14. Federal Budget Deficit Falls to $486 Billion -

The federal government’s budget deficit has fallen to $486 billion, the smallest pool of red ink of President Barack Obama’s six-year span in office, a new report said Wednesday.

The Congressional Budget Office’s latest estimate shows better results than earlier projections by both CBO and the White House budget office.

15. No Gang Zone Targets Legends Park Area -

In June a group of 100 gang members lined both sides of Mosby Avenue between Dunlap and Ayers Streets, shutting down the area, as they celebrated the birthday of a fellow gang member, according to the local Multi-Agency Gang Unit.

16. 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.

17. McNeill Seeks Permits for Germantown Medical Offices -

1432 Kimbrough Road and 1468 Kimbrough Road
Germantown, TN 38138
Project Cost: $2.6 million

18. McNeill Files Loans for Medical Office Park -

McNeill Commercial Real Estate, operating as Wolf River Kimbrough Partners, has filed two loans totaling $4 million for a planned medical office park.

McNeill filed for the loans with Financial Federal, according to two Oct. 1 commercial deeds of trust. Spence Ray of McNeill signed both deeds of trust.

19. McNeill Seeks Permits for Germantown Office Park -

A developer planning a mixed use development in Germantown has applied for two building permits for a medical office center.

McNeill Commercial Real Estate, operating as Wolf River Kimbrough Partnership, applied through the city-county Office of Construction Code Enforcement for two building permits totaling $2.4 million.

20. Pigeon Forge, Knoxville Help Fill Each Others’ Coffers -

While the tourism industries in Pigeon Forge and Knoxville are quite different, they are inextricably linked.

Only about 35 miles apart, they are gateways to the Great Smoky Mountains National Park and happily share tourism dollars.

21. Downtown Knoxville Tourism Finally Finds its Stride -

When Kim Trent moved to Knoxville in 1990, she could stand along Gay Street on a Sunday and be the only soul in sight. Today, she’s a face in the crowd.

22. 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.

23. Commissioner Rethinking Handling of Older Teens -

NASHVILLE, Tenn. (AP) – The head of the state Department of Children's Services is considering whether older teens should be moved from the department's custody into the adult correctional system after a third major escape attempt from one of its juvenile detention centers in less than a month.

24. McNeill Seeks Permits for Germantown Office Park -

A developer planning a mixed use development in Germantown has applied for two building permits for a medical office center.

McNeill Commercial Real Estate, operating as Wolf River Kimbrough Partnership, applied through the city-county Office of Construction Code Enforcement for two building permits totaling $2.4 million.

25. Events -

The Metal Museum will host Repair Days Thursday, Oct. 2, through Sunday, Oct. 5, at the museum, 374 Metal Museum Drive. Metalsmiths from across the country will solder, sharpen, remove dents and repair items, with all proceeds benefiting the museum. Visit metalmuseum.org for a schedule of events.

26. Events -

Kiwanis Club of Memphis will meet Wednesday, Oct. 1, from noon to 1 p.m. at The University Club of Memphis, 1346 Central Ave. The guest speaker is University of Memphis President M. David Rudd. Cost is $18 for nonmembers.

27. Williams-Sonoma Growth Highlights DeSoto Push -

In 1999, Williams-Sonoma Inc. opened its first DeSoto County distribution center on Polk Lane in Olive Branch.

28. Triumph Bank Surpasses $500 Million in Assets -

Triumph Bank didn’t choose its new tagline, “Let’s talk growth,” earlier this year only because it sounded hopeful or was an ideal to strive for.

29. Events -

American Marketing Association, Memphis Chapter will meet Tuesday, Sept. 30, from 11:30 a.m. to 1 p.m. in the Lipscomb & Pitts Building, 2670 Union Ave. Jeremy Park, president of the Lipscomb Pitts Breakfast Club, will present “Giving Back With a Purpose: The Shift in Corporate Engagement and Cause Marketing.” Cost is $15 for members and $25 for nonmembers. Visit memphisama.org.

30. Stonebridge Crossing Sells for $29.8 Million -

9135 Morning Ridge Road
Memphis, TN 38016
Sale Amount: $29.8 million

Sale Date: Sept. 11, 2014
Buyer: IRT Stonebridge Crossing Apartments Owner LLC
Seller: AB Merion Stonebridge LLC
Details: The 500-unit Stonebridge Crossing apartment complex in Cordova has traded hands.

31. Pentagon Wants Tighter Soldier Loan Protections -

WASHINGTON (AP) – Aiming to restrict lenders who prey on members of the military, the Obama administration on Friday moved to close legal loopholes that have placed hundreds of thousands of service members at risk of excessive payday and other short-term loan fees.

32. Events -

American Marketing Association, Memphis Chapter will meet Tuesday, Sept. 30, from 11:30 a.m. to 1 p.m. in the Lipscomb & Pitts Building, 2670 Union Ave. Jeremy Park, president of the Lipscomb Pitts Breakfast Club, will present “Giving Back With a Purpose: The Shift in Corporate Engagement and Cause Marketing.” Cost is $15 for members and $25 for nonmembers. Visit memphisama.org.

33. MATA President Vows New Standards for Trolleys -

The new president and general manager of the Memphis Area Transit Authority said Friday, Sept. 26, that he hopes to have some trolley cars up and running again by the end of the year.

But Ron Garrison also said the transit authority will be overhauling training and repair standards as well as trolleys in the wake of a report from the American Public Transportation Association that found MATA lacking in both areas.

34. Events -

The Metal Museum will host Repair Days Thursday, Oct. 2, through Sunday, Oct. 5, at the museum, 374 Metal Museum Drive. Metalsmiths from across the country will solder, sharpen, remove dents and repair items, with all proceeds benefiting the museum. Visit metalmuseum.org for a schedule of events.

35. Sergeant’s Pet Care Closing Memphis Operations -

Sergeant's Pet Care Products will close its Memphis distribution facility and shift those operations to Omaha, Neb., according to press reports.

Sergeant’s will shift around 60 jobs from Memphis to a 350,000-square-foot warehouse and distribution center under construction now in the Omaha area, according to the Omaha World-Herald.

36. Stonebridge Crossing Sells for $29.8 Million -

The Stonebridge Crossing apartment complex in Cordova has traded hands.

Independence Realty Trust, a Philadelphia-based real estate investment trust focused on apartment communities and operating as IRT Stonebridge Crossing Apartments Owner LLC, acquired the massive apartment community from AB Merion Stonebridge LLC for $29.8 million, according to a Sept. 11 special warranty deed.

37. Ugwueke Makes Impact on Lives at Methodist -

Michael Ugwueke’s present life, as president and chief operating officer of Methodist Le Bonheur Healthcare, and president and CEO of Methodist Healthcare Memphis Hospitals, is full of red tape.

It is a life of regulations wrapped around regulations, encased in codes and jargon and nourished by so much legalese.

38. More Stores, Walk-In Clinics Offering Vaccines and Shots -

Pull up to a local Walgreens and you may be immediately presented with a shot menu: flu, shingles, pneumonia and other options. Theoretically, in one trip to the drugstore you can knock out your flu shot, pick up some ice cream, bread or beer, maybe grab a birthday card for your mother-in-law, and be on your way.

39. Searching for Doctors -

So here’s the offer: lower salary – meaning it will take longer to pay down your student loan debt – less prestige, and perhaps even a questioning of your intelligence and skill.

In 2014, that’s what comes with the decision to become a primary care physician. Recently, a fourth-year medical student at the University of Pennsylvania, Mara Gordon, wrote an article for The Atlantic explaining her decision to become a primary care doctor.

40. Stonebridge Crossing Sells for $29.8 Million -

The Stonebridge Crossing apartment complex in Cordova has traded hands.

Independence Realty Trust, a Philadelphia-based real estate investment trust focused on apartment communities and operating as IRT Stonebridge Crossing Apartments Owner LLC, acquired the massive apartment community from AB Merion Stonebridge LLC for $29.8 million, according to a Sept. 11 special warranty deed.

41. Ugwueke to Clarify Health Care Complexities -

Clarity. That’s what anyone attending a seminar on health care is seeking. What’s going on here and across the country? What’s the impact of the Affordable Care Act? What are the trends? What about the looming shortage of primary care physicians?

42. Stonebridge Crossing Sells for $29.8 Million -

The Stonebridge Crossing apartment complex in Cordova has traded hands.

Independence Realty Trust, a Philadelphia-based real estate investment trust focused on apartment communities and operating as IRT Stonebridge Crossing Apartments Owner LLC, acquired the massive apartment community from AB Merion Stonebridge LLC for $29.8 million, according to a Sept. 11 special warranty deed.

43. Cummins Eyes Memphis Site for Expansion -

Cummins Inc. is eyeing a Memphis property for a planned expansion of the company’s distribution operations, a move that would be welcome news for Memphis officials.

44. Apple Pulls Software Update for iPhones -

SAN FRANCISCO (AP) – Apple has stopped providing an update to its new iOS 8 mobile operating software, following complaints that the update interferes with users' ability to make phone calls.

45. Sergeant’s Pet Care Closing Memphis Distribution Center -

Sergeant's Pet Care Products will close its Memphis distribution facility and shift those operations to Omaha, Neb., according to press reports.

Sergeant’s will shift around 60 jobs from Memphis to a 350,000-square-foot warehouse and distribution center under construction now in the Omaha area, according to the Omaha World-Herald.

46. Limits on Overseas Mergers Prompt Renewed Debate -

WASHINGTON (AP) – The Obama administration's decision to curb the ability of U.S. corporations to skirt taxes by merging with foreign companies kicked off an immediate election-season debate over when and how to tackle the nation's complex corporate tax code.

47. Terminix Launches International Push -

The former chief operating officer of Memphis-based Terminix is the new president of the company’s international division.

Larry Pruitt was one of two new appointments made Monday, Sept. 22, by Terminix, which is part of Memphis-based The ServiceMaster Co.

48. Methodist Primary Care Adds Marion Doctor -

Dr. Aaron Mitchell and nurse practitioner Jama Davis, both with Mitchell Family Medicine in Marion, Ark., have joined Methodist Primary Care Group. The practice was to re-open this week.

49. Methodist Primary Care Adds Marion Doctor -

Dr. Aaron Mitchell and nurse practitioner Jama Davis, both with Mitchell Family Medicine in Marion, Ark., have joined Methodist Primary Care Group. The practice was to re-open this week.

50. FedEx Profits Surge Above Wall Street Estimates -

FedEx said fiscal first-quarter profits surged to $606 million, driven by gains in its freight, ground and express operations and a share buyback program.

Memphis-based FedEx reported earnings Wednesday, Sept. 17, of $2.10 per diluted share for the first quarter ended Aug. 31, up 37 percent from last year’s $1.53 per share and above Wall Street estimates. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share. FedEx shares were up 4.29 percent following the earnings release and conference call with company executives.

51. UPS Expects to Hire Up to 95,000 Seasonal Workers -

ATLANTA (AP) – UPS plans to hire up to 95,000 workers to help deliver packages during the busy holiday season – an increase from last year, when the company was caught unprepared for a boom in online shopping.

52. Harold Ford Funeral Home Files Construction Loan -

1670 Sycamore View Road
Memphis, TN 38134
Loan Amount: $2.6 million

Loan Date: Sept. 4, 2014
Maturity Date: N/A
Borrower: Harold Ford Sycamore View LLC and Serenity Columbarium and Memorial Gardens LLC
Lender: Regions Bank
Details: The Harold Ford Funeral Chapel at 1670 Sycamore View Road in Northeast Memphis has filed a $2.6 million construction loan on the property.

53. IP Names Mark Sutton Chairman and CEO -

Mark Sutton is the new chief executive officer and chairman of International Paper Co., named this week as the board of the Memphis-based company prepares for the retirement of current CEO and chairman John Faraci.

54. New Goodwill Location Opens in Midtown -

Memphis Goodwill Inc. has opened its newest Attended Donation Center & Bookstore in Midtown, at 651 N. McLean Blvd. next to Dino’s Grill and Café Eclectic.

55. New Goodwill Location Opens in Midtown -

Memphis Goodwill Inc. has opened its newest Attended Donation Center & Bookstore in Midtown, at 651 N. McLean Blvd. next to Dino’s Grill and Café Eclectic.

56. 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.

57. International Paper Names Mark Sutton Chairman and CEO -

Mark Sutton is the new chief executive officer and chairman of International Paper Co., named this week as the board of the Memphis-based company prepares for the retirement of current CEO and chairman John Faraci.

58. Harold Ford Funeral Home Files Construction Loan -

The Harold Ford Funeral Chapel at 1670 Sycamore View Road in Northeast Memphis has filed a $2.6 million construction loan on the property.

59. International Paper Names Mark Sutton Chairman and CEO -

Mark Sutton is the new chief executive officer and chairman of International Paper Co., named this week as the board of the Memphis-based company prepares for the retirement of current CEO and chairman John Faraci.

60. College Football Notebook: September 9 -

University of Memphis sophomore quarterback Paxton Lynch apparently likes the big stage. Lynch passed for a career-high 305 yards as he completed 27-of-41 passes (one touchdown, no interceptions) in the Tigers’ 42-35 loss at then-No. 11 UCLA.

61. Focus on Teens ‘At Risk of Being Homeless’ -

Not only is Crossroads Campus a successful non-profit operation that’s building a bridge to help homeless animals and potentially homeless young people, it’s also a thriving retail business operation driven by the savvy of executive director Lisa Stetar and her staff.

62. Legal Obligation -

The package arrived at the FedEx facility in Spokane, Wash., in early July, and as it moved along the parcel delivery system a conveyor belt malfunctioned and damaged the shipping box.

A FedEx employee inspecting the damaged package discovered what was believed to be illegal prescription pills in the container and the company contacted law enforcement, including the Spokane Police Department and the local Drug Enforcement Administration office.

63. 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.

64. Human Resources Seminar to Examine Office Cultures -

Russ Williams, CEO of Memphis-based marketing communications firm archer-malmo, doesn’t want to take credit for the creative vibe and culture found inside his firm – and, moreover, he doesn’t even think the firm has necessarily cracked any kind of secret code to put its own culture in place.

65. Indmar Marine Engines Files Expansion Permit -

5400 Old Millington Road
Unincorporated Shelby County
Permit Cost: $2 million

66. TriMetis Acquires Biologistics Startup -

The pre-clinical research services company TriMetis Life Sciences has expanded by acquiring FoundationBio, a biospecimen procurement startup with offices in Memphis and Boston.

FoundationBio uses access to tissue donors via hospitals and community oncology clinics and their supporting pathology and laboratory services partners around the world to get specimens for research. Terms of the deal were not disclosed.

67. 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.

68. Indmar Marine Engines Files Expansion Permit -

An affiliate of Indmar Marine Engines has filed a $2 million building permit with the city-county Office of Construction Code Enforcement to expand its 5400 Old Millington Road facility.

69. Medtronic Spends $350 Million on Another European Deal -

U.S. medical device maker Medtronic is building stronger ties to Europe, a couple months after announcing a $42.9 billion acquisition that involves moving its main executive offices across the Atlantic, where it can get a better tax deal.

70. Longtime Tennessee Civil Rights Lawyer Dies at 86 -

NASHVILLE (AP) – George Barrett, a longtime Tennessee civil rights lawyer known for handling a case that ultimately desegregated the state's public colleges and universities, has died. He was 86.

71. Alco Files $4 Million Loan on Todd Creek Apartments -

Alco Management Inc. has filed a $4 million loan on the 155-unit Todd Creek Apartments at 1541 Northside Dr. in Frayser.

72. TriMetis Acquires Biologistics Startup -

The pre-clinical research services company TriMetis Life Sciences has expanded by acquiring FoundationBio, a biospecimen procurement startup with offices in Memphis and Boston.

FoundationBio uses access to tissue donors via hospitals and community oncology clinics and their supporting pathology and laboratory services partners around the world to get specimens for research. Terms of the deal were not disclosed.

73. Airport Authority OKs Concourse Overhaul -

An ambitious effort to reconfigure Memphis International Airport for the future will get underway this fall, when demolition of portions of two concourses begins and a single concessions vendor takes control.

74. Target Cuts Outlook as Breach Fallout Lingers -

NEW YORK (AP) – Target Corp. slashed its annual profit outlook for the second time in three months as the retailer reels from a massive customer-data breach, a botched Canadian expansion and sluggish U.S. sales.

75. Screwpulp Carves Out Identity in Amazon-Led Industry -

It’s no secret Amazon is the subject of intense public scrutiny at the moment over a flurry of controversial decisions from the online retailing giant against some of the publishers with which it does business.

76. Dollar General Enters Bidding for Family Dollar -

NEW YORK (AP) – Dollar General isn't about to be left out in the cold. The discounter is starting a bidding war for Family Dollar with an approximately $8.95 billion offer as it attempts to trump a Dollar Tree bid.

77. 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.

78. 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.

79. New York Firm Buys Retirement Community -

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.

80. Metropolitan Bank Expands Board -

Metropolitan Bank has added James Wingett to its board of directors.

Wingett lives in Memphis, where he’s a founding partner and managing director of Wolf River Capital. Before his time at Wolf River, he was a founding member, managing director and principal of FTN Financial’s Structured Finance Group.

81. Fred’s July Sales Metric Edges Up -

Fred's sales at stores open at least a year edged up 0.7 percent in July, helped by better customer traffic and stronger sales of some general merchandise.

But the discount retailer lowered its second-quarter guidance, in part because of costs at its pharmacy department.

82. US Airlines Running Behind Schedule So Far in 2014 -

More U.S. flights arrived late in June than the month before, continuing a string of poor performances by the nation's airlines.

The government says that in the first six months of the year, the rate of late flights was the highest since 2008 and cancelations were the highest since 2000.

83. Fred's July Sales Metric Up, Cuts Second-Quarter Outlook -

MEMPHIS (AP) – Fred's sales at stores open at least a year edged up 0.7 percent in July, helped by better customer traffic and stronger sales of some general merchandise.

But the discount retailer lowered its second-quarter guidance, in part because of costs at its pharmacy department.

84. Problem Property -

The city of Memphis and the Downtown Memphis Commission suffered a stinging setback this week in their quest to rid a key section of Main Street of a deteriorating eyesore, one that has survived multiple attempts to be sold and defied repeated orders to clean up.

85. TVA to Cut More Than 2,000 Jobs -

CHATTANOOGA, Tenn. (AP) – The nation's largest public utility is eliminating more than 2,000 jobs as part of a $500 million cost-cutting campaign.

The Chattanooga Times Free Press reports the Tennessee Valley Authority is making the cuts this year to pare expenses and make electric rates in the Tennessee Valley more competitive with neighboring utilities.

86. City Reviews Ridesharing Policies -

The city of Memphis is reviewing policies and procedures related to vehicles for hire after a firestorm related to ridesharing services such as Lyft and Uber erupted earlier this summer.

City permits administrator Aubrey Howard said the city had not yet initiated patrols to catch Lyft and Uber drivers in the act, but has instead launched a review of the city’s policies.

87. City Mulls Plan to Buy Former State Building -

It would be cheaper and more efficient for the city of Memphis to lease and then buy the vacant Donnelley J. Hill state office building across Main Street from Memphis City Hall than to continue leasing multiple properties spread across town, consultants and city officials told City Council members Tuesday.

88. Metropolitan Bank Expands Board -

Metropolitan Bank has added James Wingett to its board of directors.

Wingett lives in Memphis, where he’s a founding partner and managing director of Wolf River Capital. Before his time at Wolf River, he was a founding member, managing director and principal of FTN Financial’s Structured Finance Group.

89. FedEx to Send 138 Drivers To Driving Competition -

FedEx Corp. is sending 138 drivers to the National Truck Driving Championships.

The drivers from 45 states representing FedEx-operating companies will compete in Pittsburgh Aug. 12-16.

90. FedEx to Send 138 Drivers to Driving Competition -

FedEx Corp. is sending 138 drivers to the National Truck Driving Championships.

The drivers from 45 states representing FedEx-operating companies will compete in Pittsburgh Aug. 12-16.

91. Clean-Air Rules Assailed as Too Much, Too Little -

DENVER (AP) — Hundreds of people across the country lined up Tuesday to tell the Environmental Protection Agency that its new rules for power-plant pollution either go too far or not far enough.

92. International Paper Profits Fall 38 Percent -

International Paper reported second quarter earnings of $161 million Tuesday, July 29, a $98 million drop from the second quarter a year ago when IP reported net earnings of $259 million.

The drop in profits came as the Memphis-based company took restructuring charges including a new pre-tax loss of $324 million. Most of that, $262 million before taxes, was for debt extinguishment.

93. International Paper Profits Fall 38 Pct. -

International Paper reported second quarter earnings of $161 million Tuesday, July 29, a $98 million drop from the second quarter a year ago when IP reported net earnings of $259 million.

The drop in profits came as the Memphis-based company took restructuring charges including a new pre-tax loss of $324 million. Most of that, $262 million before taxes, was for debt extinguishment.

94. D. Canale Affiliate Buys Property for Distillery -

301 S. Front St.
Memphis, TN 38103
Sale Amount: $785,000

Sale Date: July 10, 2014
Buyer: Dominick Properties LLC
Seller: 301 South Front Street GP

95. Cleveland Speedway Sells at Auction for $800,000 -

CLEVELAND, Tenn. (AP) – After multiple years on the market, the Cleveland Speedway has been sold at auction for $800,000.

Retired investor Al Chapman of Chickamauga, Georgia, told WRCB-TV Chattanooga he's not sure what the future holds for the track, but keeping it open and operating is an option.

96. Crazy Beautiful Moving to Overton Square -

A locally owned boutique clothing store will be the newest tenant at Overton Square. Crazy Beautiful signed a lease on 1,531 square feet at 2111 Madison Ave. in Overton Square, between Breakaway Running and Sweet Noshings.

97. 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.

98. D. Canale Affiliate Buys Property for Distillery -

An affiliate of D. Canale & Co. has bought the Downtown property where it will develop a spirits distillery and public tasting room.

99. Grizzlies Promote Wexler to Business Operations President -

The Memphis Grizzlies have promoted Jason Wexler to president of business operations of the team and FedExForum.

The new position gives Wexler primary leadership responsibility for all aspects of the business, including ticket sales and service, arena operations, corporate partnerships, marketing communications and broadcast, community investment and general operations.

100. Crazy Beautiful Moving to Overton Square -

A locally owned boutique clothing store will be the newest tenant at Overton Square. Crazy Beautiful signed a lease on 1,531 square feet at 2111 Madison Ave. in Overton Square, between Breakaway Running and Sweet Noshings.