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Editorial Results (free)

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. Indmar Marine Engines Files Expansion Permit -

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

8. 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.

9. 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.

10. 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.

11. 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

12. 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.

13. 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.

14. From Despair to Belief -

A July weekday afternoon, about 2:45. It’s the perfect time for just about anyone to be nodding off in class.

But in the basement of Midtown Church of Christ, where HopeWorks Inc. is housed, class is in session and a dozen men and their teacher are having a lively discussion.

15. 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.

16. D. Canale to Open Distillery, Public Tasting Facility -

Longtime Memphis food and beverage wholesaler D. Canale & Co. will develop a spirits distillery and public tasting room at 301 S. Front St. Downtown.

17. Addison at Collierville Owner Files $17 Million Loan -

400 Orchard Circle
Collierville, TN 38017
Loan Amount: $16.8 million

Loan Date: July 1, 2014
Maturity Date: July 1, 2021
Borrower: G&I VII Addison at Collierville LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

18. Cypress Realty Files $7 Million Construction Loan -

Cypress Realty Holdings Co. has filed a $7 million construction loan for a medical office building on Wolf River Boulevard in Germantown.

19. ServiceMaster Begins Trading on NYSE -

The parent company of Memphis-based ServiceMaster Co. LLC began trading on the New York Stock Exchange Thursday, June 26, in an initial public offering of its common stock.

The move to the market comes a day after ServiceMaster Global Holdings Inc. announced it was pricing the offering of 35.9 million shares at $17 per share. The pricing was below analysts’ estimates of $18 to $21 per share.

20. Partners Drive Startup Ecosystem -

Building startups is tough work that requires the engagement of money, mentorship and professional support.

Back before there were incubators, accelerators and formal platforms to systematically assist startup companies, there were critical trusted advisers in the community to help guide entrepreneurs as they started up. Those advisers were local bankers, lawyers, marketers, accountants and others where entrepreneurs could turn for support and guidance. While new startup infrastructures have sprung up to provide knowledge, capital and other resources, professionals continue to be the backbone driving entrepreneurial growth.

21. Aren Investments Buys Winchester Haverty’s -

6870 Winchester Road
Memphis, TN 38115
Sale Amount: $1.1 million

Sale Date: June 2, 2014
Buyer: Aren Investments LLC
Seller: Kirsch Associates LP
Loan Amount: $850,000
Loan Date: June 2, 2014
Maturity Date: Nov. 15, 2015
Lender: BancorpSouth Bank
Details: Local real estate investment firm Aren Investments LLC has paid $1.1 million for the Haverty’s furniture store at 6870 Winchester Road in Hickory Hill.

22. International Paper Names Sutton President and COO -

Mark S. Sutton, the senior vice president of industrial packaging for International Paper Co., is the company’s new president and chief operating officer.

23. International Paper Names Sutton President and COO -

Mark S. Sutton, the senior vice president of industrial packaging for International Paper Co., is the company’s new president and chief operating officer.

24. New Path -

A lot has changed for Memphis-based TruGreen lawn care in the last six months.

The company behind one of the best known brands in lawn care became its own independent company at the start of 2014, spinning off from The ServiceMaster Co. in a move that meant changes for both companies.

25. Apple's Beats Buy is Two-Sided for Music Streaming -

LOS ANGELES (AP) – Apple's $3 billion purchase of Beats sheds light on a rarely recognized reality in the streaming music industry: It's hard to succeed in the business without offering other products and services.

26. ServiceMaster Reports Q1 Revenue Increase -

The ServiceMaster Co. LLC reported a 4 percent increase in revenues for the first quarter of 2014 compared to the same period a year ago.

27. ServiceMaster Reports First-Quarter Revenue Increase -

The ServiceMaster Co. LLC reported a 4 percent increase in revenues for the first quarter of 2014 compared to the same period a year ago.

28. Hedgemoor Square Sells for $3.6 Million -

375 N. Graham St.
Memphis, TN 38117
Sale Amount: $3.6 million

Sale Date: April 30, 2014
Buyer: Summit Hedgemoor Square Apartments LLC
Seller: Hedgemoor Square Apartments GP
Loan Amount: $2.7 million
Loan Date: April 30, 2014
Maturity Date: N/A
Lender: Pulaski Bank

29. Developer Buys Land for Germantown Whole Foods -

Cypress Realty Holdings Co. has paid close to $2.3 million for five Germantown residential parcels where it will build the area’s second Whole Foods.

30. International Paper Posts $95 Million First-Quarter Loss -

Memphis-based International Paper Co. showed a net loss of $95 million for the first quarter of 2014, the company reported Wednesday, April 30.

31. Ugwueke Named Methodist Le Bonheur President -

Michael O. Ugwueke has been named president and chief operating officer of Methodist Le Bonheur Healthcare, as well as president and CEO of Methodist Healthcare Memphis Hospitals. In his new role, Ugwueke will be responsible for strategic management of the operations of six hospitals within the Methodist Le Bonheur Healthcare system, as well as other key corporate functions.

32. Loeb Midtown Center Now Fully Leased -

Loeb Properties’ Belvedere Collection on Union Avenue in Midtown is 100 percent leased.

Agilitas USA Inc., operating as Results Physiotherapy, signed a new lease for 2,280 square feet in Suites 105-106 at the retail strip center.

33. End of Windows XP Support Spells Trouble for Some -

NEW YORK (AP) – Microsoft will end support for the persistently popular Windows XP on Tuesday, and with an estimated 30 percent of businesses and consumers still using the 12-year-old operating system, the move could put everything from the operations of heavy industry to the identities of everyday people in danger.

34. Market Mystery -

Over the last several years, investors ranging from mom-and-pop shops to large hedge funds have been acquiring single-family homes in Memphis at a historic pace.

But determining the long-term impact that investor purchases have made on neighborhoods remains elusive.

35. FedEx Profit Up, But Misses Expectations -

DALLAS (AP) – FedEx Corp. says its latest quarterly profit rose 5 percent from a year ago despite storms that raised the company's costs, but the results were below analysts' expectations.

36. County Commission Approves Crosstown Funding -

Shelby County Commissioners approved Monday, March 10, $5 million in county funding for public infrastructure on the $180 million Crosstown redevelopment project.

The 11-1 vote came after it appeared twice that commissioners, including those supporting the funding, were ready to delay the decision for two weeks.

37. Galvanizing Company Files Permit for Facility -

3328 Fite Road
Millington, TN 38053
Permit Cost: $1.9 million

Project Cost: N/A
Permit Date: Applied March 2014
Completion: N/A
Owner: 3328 Fite LLC
Tenant: 3328 Fite LLC
Architect: N/A
Contractor: N/A
Details: An affiliate of Columbus, Ohio-based “hot dip galvanizing” company Voigt & Schweitzer LLC plans to construct a 63,120-square-foot facility near Millington.

38. ServiceMaster Revenue Flat, Income Drops for 2013 -

The ServiceMaster Co. LLC took a net income loss of $506 million for the year 2013 and an $18 million loss for the last three months of the year.

39. The Sweet Spot -

Gary Wilkes usually doesn’t notice the smell at the family business, Wayne’s Candy Co. Inc., unless he has just returned from vacation.

40. ServiceMaster Lays Off 65 in Restructuring -

Memphis-based ServiceMaster Co. has laid off 65 employees and eliminated another 40 vacant positions in a restructuring of its headquarters that began Wednesday, Feb. 5, and was confirmed Thursday.

41. Microsoft Names Cloud Computing Chief as Next CEO -

LOS ANGELES (AP) – Microsoft has named the head of its cloud computing business as the company's next CEO, tapping a longtime insider to lead efforts to catch rivals in mobile devices and offer more software and services over the Internet.

42. JetBlue, Southwest Win Rights at DC Airport -

DALLAS (AP) – Southwest and JetBlue say they are the beneficiaries of a deal requiring American Airlines to give up some of its coveted operating rights at Washington's Reagan National Airport.

43. Former Motel 6 Sells for $1.4 Million -

1321 Sycamore View Road
Memphis, TN 38134
Sale Amount: $1.4 million

Sale Date: Jan. 13, 2014
Buyer: P & S Hospitality LLC
Seller: G6 Hospitality Property LLC
Loan Amount: $1.1 million
Loan Date: Jan. 14, 2014
Maturity Date: N/A
Lender: Argent Bank
Details: The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.

44. Shankman-Cohn to Lead Interior Design Coalition -

Leslie Shankman-Cohn has been elected the 2014 president of the Tennessee Interior Design Coalition, a statewide coalition committed, through legislative and regulatory endeavors, to enhance and protect the right to practice interior design. Shankman-Cohn is a partner in Jill Hertz Interior Design, a division of Eclectic Interiors. She specializes in custom-designed furniture, space planning, furnishings and finishes specifications, universal design, Aging in Style and sustainable design issues.

45. Collierville Fred’s Sells for $1.5 Million -

450 U.S. 72
Collierville, TN 38017
Sale Amount: $1.5 million

Sale Date: Dec. 20, 2013
Buyer: Collierville Realty Holdings LLC
Seller: Washington Square Properties (a Tennessee general partnership composed of Thomas W. Taylor, trustee of the Thomas W. Taylor Revocable Living Trust dated April 27, 2000, and Thomas W. Hart)
Loan Amount: $793,000
Loan Date: Dec. 20, 2013
Maturity Date: Dec. 20, 2016
Lender: First Capital Bank
Details: The 19,152-square-foot fred’s retail store at 450 U.S. 72 in Collierville has sold for $1.5 million.

46. Fred's Seeks Strategic Options After Weak Sales -

Shares of Fred's Inc. hit an 8-year high Thursday after the discount retailer said it will seek strategic opportunities and announced a revamp of its merchandising and marketing team after a weak holiday shopping season.

47. Nike Files $1.4 Million Permit for Frayser Facility -

Nike Inc. has filed a $1.4 million building permit with the city-county Office of Construction Code Enforcement for work on its North Memphis distribution center at 3100 New Frayser Blvd.

48. Batch Memphis Launches Gift Service -

The three Nashville friends who started Batch Nashville, which delivers a surprise batch of local goods each month to subscribers’ doorsteps, are bringing the service to Memphis.

Nashville entrepreneur Sam Davidson said the group behind Batch Nashville had been looking to bring the model to another city in the state and looked for one “that had a growing sense of local pride, as well as a national brand.”

49. American Airlines Orders 90 Regional Jets -

FORT WORTH, Texas (AP) – American Airlines, fresh out of bankruptcy and newly merged with US Airways, said Thursday that it will buy 90 new regional jets from Brazil's Embraer S.A. and Canada's Bombardier Inc. and use them to replace smaller, less fuel-efficient planes.

50. ‘Growth Mode’ -

The fun, quirky vibe found at Memphis-based Web design company RocketFuel is readily apparent via things like remote-controlled helicopter jousting sessions between employees, and life-sized cutouts of figures like Spock in the office.

51. Methodist Pays $22.5 Million for Germantown Facility -

7945 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $22.5 million

52. Soulful Synergy -

What happened at the corner of McLemore Avenue and College Street in the 1960s is nothing short of extraordinary.

At the crossroads of segregated neighborhoods in South Memphis, two white business partners would open the doors wide to whites and blacks alike, who congregated to write and record songs that would set off a soul explosion heard around the world.

53. Experts: HealthCare.Gov Fix Needs More Time, Money -

NEW YORK (AP) – Technology experts say healing what ails the HealthCare.gov website will be a tougher task than the Obama administration acknowledges.

54. Family Roots Keep Lipscomb & Pitts on Path -

Lipscomb & Pitts was founded on Oct. 1, 1954, by Mathew Lipscomb Jr. and John Pitts, both veterans of World War II who had come home to become the top two sales leaders in the southeast for Liberty Mutual Insurance Co.

55. ServiceMaster to Spin Off Struggling TruGreen -

The ServiceMaster Co. plans to spin off its TruGreen lawn care business at the end of 2013 after several years in which the Memphis-based collection of residential- and commercial-services companies has struggled with the right business model for the TruGreen brand.

56. Commercial Real Estate Market Reawakens -

After suffering through a prolonged slump, the Memphis commercial real estate market this year began to shake off the rust that gathered during the “Great Recession,” and brighter days could be ahead for the prime markets in the apartment, retail, office and industrial sectors, according to local experts.

57. Derwin Appointed Terminix President -

Bill Derwin, vice president of the Otis Elevator division of United Technologies Corp., is the new president of the Terminix division of Memphis-based ServiceMaster Co.

58. ‘Hoarders’ Star Partners With ServiceMaster -

“Hoarders” television personality and Clutter Cleaner owner Matt Paxton met this week with ServiceMaster Clean and Restore franchisees and staff at the ServiceMaster Training Academy to discuss their newly formed partnership and examine hoarding, which has been officially listed as a mental disorder by the American Psychiatric Association.

59. Derwin Named Terminix President -

Bill Derwin, vice president of the Otis Elevator division of United Technologies Corp., is the new president of the Terminix division of Memphis-based ServiceMaster Co.

60. Apartment, Retail Markets Holding Steady -

The Memphis area multifamily and retail markets continue to chug along, with the newer, more upscale products in each sector propping up both overall markets.

Those trends and others in commercial real estate will be the subject of discussion Thursday, Nov. 7, during the 2013 Commercial Real Estate Review & Forecast, one of six seminars in The Daily News’ 2013 Seminar Series.

61. Performance Ranges Widely at Local Companies -

Here’s a snapshot of the recent performance of some of Memphis’ publicly traded companies – businesses that cast a shadow far beyond the Memphis city limits in industries including finance, package delivery and bioscience.

62. State Lags for Women in Corporate Positions -

Tennessee’s corporate boards are showing slow growth in gender diversity levels, although rankings are still among the lowest in the nation, according to the latest findings of an annual study.

Expert opinions vary on how strongly the statistics reflect corporate vitality in Tennessee on a broader scale.

63. Chasing Growth -

The pressure to show investors growth and a return is one of the most basic realities of operating as a public company.

And the three Memphis-based companies on this year’s Fortune 500 list are pressing forward on their own distinct paths toward satisfying that pressure.

64. Experts to Provide CRE Outlook at Seminar -

Class A office space in East Memphis reigns supreme, which should continue to drive up rental rates, while industrial developers are ramping up activity outside the city of Memphis.

Those trends and others in commercial real estate will be the subject of discussion Thursday, Nov. 7, during the 2013 Commercial Real Estate Review & Forecast, one of six seminars in The Daily News’ 2013 Seminar Series.

65. International Paper Earnings Surge 38 Percent -

Memphis-based International Paper Co. reported third quarter net earnings of $382 million, an increase of $145 million, or 38 percent, from the third quarter 2012 net earnings of $259 million.

66. Mississippi River Mayors Cite Feds for Lack of Money -

Natchez, Miss., Mayor Larry L. Brown came to Memphis last week with the kind of prepared remarks that are standard for gatherings where you have more than two mayors of cities.

The remarks are long on making sure everyone involved gets their name called and the previously agreed-upon talking points get mentioned if there is any time left.

67. MBI Anticipates Little Change Under New Owner -

With a new owner in place, Memphis Business Interiors (MBI) anticipates little change to its operations – but it does expect to grow.

New owner Rhonda Bradley said the only changes she has in sight for the 18-year-old office design firm are “adding new areas, strengthening service in areas we cover currently and growing in training and development of current employees.”

68. Medical Office Facility Sells for $5.9 Million -

7865 Educators Lane
Memphis, TN 38133
Sale Amount: $5.9 million

Sale Date: Sept. 26, 2013
Buyer: GA HC REIT II Bartlett TN MOB LLC
Seller: APD Investments LLC, Robert S. Biscan, The Colony Group LP and Amir H. Mehrabi
Details: An affiliate of Newport Beach, Calif.-based Griffin-American Healthcare REIT II Inc. has paid $5.9 million for the medical office building at 7865 Educators Lane in Northeast Memphis.

69. Shelby County Mortgages Up 7 Percent in Third Quarter -

The gas tank of Shelby County’s mortgage market continues to be powered by the fuel of low interest rates and more of a willingness from lenders to make new loans.

Banks and mortgage lenders made 2,521 purchase mortgages in Shelby County during the third quarter, a 7 percent improvement from the 2,364 mortgages during the third quarter of 2012, according to the latest data from real estate information company Chandler Reports,www.chandlerreports.com.

70. Nike Files $4.3 Million Permit for Frayser Facility -

3100 New Frayser Blvd.
Memphis, TN 38128
Permit Cost: $4.3 million

Project Cost: $301 million
Permit Date: Applied September 2013
Completion: TBA
Owner: Nike Inc.
Tenant: Nike Inc.
Architect: N/A
Contractor: Wynright Corp.
Details: Nike Inc. has filed a $4.3 million building permit with the city-county Office of Construction Code Enforcement for work on its North Memphis distribution center at 3100 New Frayser Blvd.

71. Nike Files $4.3 Million Permit for Frayser Facility -

Nike Inc. has filed a $4.3 million building permit with the city-county Office of Construction Code Enforcement for work on its North Memphis distribution center at 3100 New Frayser Blvd.

72. Keystone Landing Complex Sells for $4.6 Million -

4266 Ridgestone Road
Memphis, TN 38128
Sale Amount: $4.6 million

Sale Date: Sept. 12, 2013
Buyer: Keystone Landing Apartments LLC
Seller: Ridgemont Investors LLC
Loan Amount: $3.5 million
Loan Date: Sept. 12, 2013
Maturity Date: N/A
Lender: Arbor Commercial Funding LLC
Details: The 150-unit Keystone Landing apartment complex at 4266 Ridgestone Road in Raleigh has sold for $4.6 million.

73. Kroger CEO Dillon to Retire in January -

Kroger CEO David Dillon will retire from that post when the new year begins but will stay on for another year as chairman. President and Chief Operating Officer W. Rodney McMullen will step into the CEO role as part of its long-term succession plan.

74. GiVE 365 Grants $88,000 to 12 Nonprofits -

The Community Foundation of Greater Memphis made it easier for a dozen Memphis nonprofits to continue the good they do in the community when it announced the recipients of this year’s GiVE 365 grantees last week.

75. Cypress Realty Sells Red Robin Ground Lease -

Memphis-based Cypress Realty Holdings Co. has sold the ground lease of the Red Robin restaurant at 1231 N. Germantown Parkway in Cordova for $2 million.

76. Open Enrollment Approaching for Insurance Exchange -

With open enrollment for purchasing health insurance from the federally run Tennessee health insurance exchange set to begin on Oct. 1, local health care organizations are preparing with operational changes and plans for educating patients.

77. Influence1 Files $2.6 Million Loan for Former Bishop Byrne -

1475 E. Shelby Drive
Memphis, TN 38116
Loan Amount: $2.6 million

Loan Date: Aug. 23, 2013
Maturity Date: Aug. 23, 2024
Borrower: The Influence1 Foundation
Lender: Regions Bank
Details: The Influence1 Foundation, the Memphis-based organization that bought the former Bishop Byrne High School in June, has filed a $2.6 million loan on the property, at 1475 E. Shelby Drive in Whitehaven.

78. Hardy Pushes Intermodal Sites for New Jobs -

Carolyn Hardy admits she pushed hard to get the intermodal container yard that opened this week in Hickory Hill completed faster than the two years many contractors told her it would take.

79. Union Avenue Arby’s Sells for $1.3 Million -

The Arby’s restaurant site at 975 Union Ave. has sold for $1.3 million.

ARC CAFEUSA001 LLC, an entity affiliated with Dresher, Pa.-based American Realty Capital, bought the property in a July 31 special warranty deed from GE Capital Franchise Finance Corp. No financing was associated with the transaction.

80. ‘It Will Get Better’ -

On a recent July morning, a full room of local business leaders gathered in a FedEx Corp. training facility on Airways Boulevard to learn more about Memphis International Airport and its operations.

81. ServiceMaster Reports Second-Quarter Operating Loss -

The ServiceMaster Co. reported a $564 million operating loss Wednesday, Aug. 14, for the second quarter of its fiscal year, in a quarter that CEO Rob Gillette said did not meet expectations.

82. ServiceMaster Reports Second-Quarter Operating Loss -

The ServiceMaster Co. reported a $564 million operating loss Wednesday, Aug. 14, for the second quarter of its fiscal year, in a quarter that CEO Rob Gillette said did not meet expectations.

The Memphis-based residential and commercial services company, which includes the Terminix, TruGreen lawn care and American Home Shield brands, posted $939 million in operating revenue, a 2.4 percent decline in operating revenue from the same time last year.

83. BlackBerry Weighs Putting Itself Up for Sale -

TORONTO (AP) – BlackBerry will consider selling itself after the long-awaited debut of its new phones failed to turn around the struggling smartphone maker.

The company said Monday that its board has formed a special committee to explore "strategic alternatives" in hopes of enhancing the company's value and boosting adoption of its BlackBerry 10 platform.

84. Midtown Mix -

Go by Overton Square during lunch or at night, and the place is usually overflowing with visitors – some who want lunch, dinner or a libation, and some who come just to enjoy the simple pleasure of people-watching.

85. Waiting for Takeoff -

A never-before-used economic incentive program designed to lure new air service to Memphis International Airport may have its first customer.

Memphis-Shelby County Airport Authority officials moved swiftly to approve a measure that will bolster financial incentives offered to commercial airlines offering flights at least four days a week to new cities not served today by the airlines.

86. Hudson's Bay Buying Saks for About $2.4 Billion -

NEW YORK (AP) – Don't let the global economy fool you: Luxury is hardly dead.

Saks Inc. agreed to sell itself to Hudson's Bay Co., the Canadian parent of upscale retailer Lord & Taylor, for about $2.4 billion in a deal that will bring luxury to more North American locales.

87. Medical Mergers -

In January, The Medical Group, an adult internal medicine practice in Germantown with seven physicians: Drs. Todd Overby, Alison Pomykala, Richard Jordan, Terinell Beaver, Steven Wener, Mark Castellaw and Dana Wright sold to Baptist Memorial Health Care Corp. after being independent since 1956.

88. International Paper's Second-Quarter Net Income Nearly Doubles -

MEMPHIS (AP) – International Paper Co., the paper and packaging company, said Thursday, July 25, that its second-quarter net income nearly doubled as it raised its prices for its boxes.

89. UPS Profit Falls on Shift to Lower Cost Services -

DALLAS (AP) – UPS said Tuesday that second-quarter profit fell 4 percent as customers shifted from premium toward lower-priced shipped services.

The company called the results disappointing and said it was adapting to the changing market.

90. Memphis Airport to Introduce Free Wi-Fi -

Soon, passengers at Memphis International Airport will be able to surf the Web for free as they wait for flights.

The Memphis-Shelby County Airport Authority awarded a contract to Los Angeles-based Boingo Wireless to provide Wi-Fi coverage throughout the airport, including the terminals, baggage claim areas and rental car customer service area in the ground transportation center.

91. Advisory Board to Examine Community Health Needs -

Dr. David Stern, executive dean of the University of Tennessee Health Science Center College of Medicine, has launched a unique effort to address community health needs in Memphis.

“It’s my belief that a medical school has a very unique opportunity to interact with the community,” Stern said. “I consider our community to be a very important laboratory – it is an underserved, minority community that is in ill health. The biggest contribution we can make is to move the needle on overall community health and to develop new methods that we can apply to other communities like Memphis.”

92. Market of Riverdale Bend Sells for $6.2 Million -

7114-7186 Winchester Road Memphis, TN 38125

Sale Amount: $6.2 million

Sale Date: July 2, 2013

93. Winchester Fred’s Sells for $1.8 Million -

The Fred’s store at 7143 Winchester Road in Southeast Memphis has sold for $1.8 million. Freds Partners LLC bought the 16,611-square-foot store in a June 26 special warranty deed from the property’s developer, McCarver Development of Jackson, Tenn.

94. Fant Expands Farmhouse With New Space, Staff -

For media, Web and strategy firm Farmhouse, 2013 has proven to be a breakout year.

That’s according to Ben Fant, who started the marketing agency in 2007 out of his home, in – where else – an 1800s-era former farmhouse. The firm recently moved into a larger space Downtown at 97 S. Front St. to make room for more staff, and recent projects it has taken on include work for restaurateur Taylor Berger’s new enterprise Tamp and Tap and the Cooper-Young restaurant Ink.

95. Gov. Haslam Struggles to Meet Pilot Recusal Pledge -

NASHVILLE (AP) – Tennessee Gov. Bill Haslam has struggled almost from the start of his administration to fulfill a campaign pledge to avoid handling matters relating to Pilot Flying J, the family-owned truck stop chain run by his brother, Cleveland Browns owner Jimmy Haslam.

96. Room Race -

To illustrate the stiff competition Memphis faces in landing conferences and conventions because of hotel room capacity available in the city, Memphis-based hotel consultant Chuck Pinkowski points to a formidable foe just three hours away.

97. Kroger Bets Shoppers Will Stay Loyal -

NEW YORK (AP) — Kroger says its customers are doing more of their shopping at its supermarkets, helped in part by the popularity of its store brands.

The country's largest traditional supermarket operator on Thursday raised its profit outlook for the year after reporting a higher quarterly net income that beat Wall Street expectations, although overall sales were shy of forecasts.

98. Boyle Honors Past at 80th Anniversary Celebration -

If it seems like the Boyle family has played a key role in Memphis since the city was founded, it’s because it has.

A Boyle family ancestor, John Overton, founded Memphis in 1819 along with James Winchester and Andrew Jackson. In the early 1900s, Edward Boyle developed Belvedere Boulevard, which remains one of the city’s most elegant arteries.

99. MRG Breaks Ground on Schilling Farms Apartment Complex -

Memphis-based Makowsky Ringel Greenberg LLC is launching a new apartment community at Schilling Farms.

100. New EmergeMemphis Head Brings Big Ambitions -

On his first day as the new president and CEO of EmergeMemphis, Carlton Crothers talked about a grand vision of “creating an innovation ecosystem” in Memphis.

Crothers is the new head of an organization formed in 2001 that serves as an incubator for high-growth companies. He comes to Emerge from Innovation Ecosystem Design in Dallas, with a long career of entrepreneurship-related endeavors behind him.