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Editorial Results (free)

1. Wright Medical, Tornier Merge in $3.3 Billion Deal -

Wright Medical Group Inc. of Memphis announced Monday, Oct. 27, a merger of the specialty orthopedic company with Tornier N.V., a global medical device company headquartered in Amsterdam that makes and markets joint replacement and soft tissue repair devices.

2. Wright Medical Merges With Tornier In $3.3 Billion Deal -

Wright Medical Group Inc. of Memphis announced Monday, Oct. 27, a merger of the specialty orthopedic company with Tornier N.V., a global medical device company headquartered in Amsterdam that makes and markets joint replacement and soft tissue repair devices.

3. Ford Profit Falls in Third Quarter on Truck Costs -

DEARBORN, Mich. (AP) — Ford's new aluminum-sided F-150 will be a lot lighter and more efficient when it goes on sale later this year. But for now it's a serious drag on profits.

Net income dropped 34 percent to $835 million in the third quarter, largely due to the cost of launching the pickup. The new F-150, which is 700 pounds lighter due to its aluminum construction, is scheduled to go on sale by the end of this year.

4. Out-of-Patience Investors Sell Off Amazon -

NEW YORK (AP) — Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos' invest-and-expand strategy flooded into the stock as the company revolutionized shopping, upended the book industry and took on the cloud — even though its vast range of initiatives ate up all the company's profits.

5. Memphis Economic Indicator Finds Optimism -

The latest Memphis Economic Indicator, a quarterly survey measuring general business sentiment produced jointly by The Daily News and Dixon Hughes Goodman LLP, found a downward trend in sentiment measured by almost all of the survey’s six standard questions.

6. Sprouts Farmers Market Applies for Building Permit -

3150 Village Shops Drive
Germantown, TN 38138

Project Cost: $1.5 million

Applied: Oct. 14, 2014

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

13. Williams-Sonoma Growth Highlights DeSoto Push -

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

14. 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.

15. 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.

16. 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.

17. 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.

18. 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.

19. 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.

20. 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.

21. 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.

22. 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.

23. 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.

24. 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.

25. 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.

26. 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.

27. 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.

28. 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.

29. 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.

30. Indmar Marine Engines Files Expansion Permit -

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

31. 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.

32. 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.

33. 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.

34. 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.

35. 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.

36. 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.

37. 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.

38. 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.

39. 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.

40. 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.

41. 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.

42. 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.

43. 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.

44. 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.

45. 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.

46. 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.

47. 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

48. 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.

49. 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.

50. 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.

51. 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.

52. First Horizon Reports Positive Quarter -

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

53. 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.

54. 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.

55. 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.

56. Electrolux Readies Air Conditioning Initiative -

The Memphis Electrolux plant is readying its “Keeping Memphis Cool” initiative to come later this week.

The company will donate room air conditioning units to needy families and individuals in Memphis through Neighborhood Christian Centers.

57. City: Rideshare Services Need Permits for Airport Use -

The city of Memphis will ask popular ridesharing services such as Uber and Lyft to cease and desist operations until they acquire city permits.

“We know (Uber and Lyft) are doing business in Memphis without the required permit,” said Memphis spokeswoman Dewanna Smith. “We will send them a cease-and-desist notice along with an application and links to our ordinances. That letter has only recently been approved by counsel and will be going out soon.”

58. Wright Taking UAM to New Heights -

When Keri Wright was a little girl, her dad built an airplane out of plywood and fitted it with controls and switches, and she and her brother would play in the plane next to their sandbox.

As she grew older, the family went to an airshow every summer in Oshkosh, Wis., and Wright loved watching the F-16 fighter jets zoom overhead.

59. City to Issue Cease-and-Desist Notices to Rideshare Services -

The city of Memphis will ask popular ridesharing services such as Uber and Lyft to cease and desist operations until they acquire city permits.

“We know (Uber and Lyft) are doing business in Memphis without the required permit,” said Memphis spokeswoman Dewanna Smith. “We will send them a cease-and-desist notice along with an application and links to our ordinances. That letter has only recently been approved by counsel and will be going out soon.”

60. 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.

61. Graceland May Remove Presley's Old Airplanes -

MEMPHIS (AP) — For 30 years, tourists from around the world have paid money to get a look at two airplanes once owned by Elvis Presley at Graceland in Memphis. Fans enjoy touring the planes for their direct connection to Presley and his jet-setting lifestyle, a sort of touchstone to the life of the King of Rock and Roll and his family.

62. 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.

63. Jerry's Sno Cones Could Add Cordova Location -

Memphis institution Jerry’s Sno Cones could be adding a second location in Cordova.

A company operating as Ross Enterprises LLC purchased a nearly 1-acre vacant lot with an address listed as 0 Bonnie Lane, just off Germantown Parkway in Cordova, in 2013 for $120,000. Records from the Shelby County Assessor of Property’s office list the owner of the property as Jerry’s owner David Acklin.

64. Jerry’s Sno Cones Could Add Cordova Location -

Memphis institution Jerry’s Sno Cones could be adding a second location in Cordova.

A company operating as Ross Enterprises LLC purchased a nearly 1-acre vacant lot with an address listed as 0 Bonnie Lane, just off Germantown Parkway in Cordova, in 2013 for $120,000. Records from the Shelby County Assessor of Property’s office list the owner of the property as Jerry’s owner David Acklin.

65. 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.

66. Google Shows Off Android Auto, Wearables -

SAN FRANCISCO (AP) – Some 1 billion people are now using Android devices, Google said as the company kicked off its two-day developer conference Wednesday in San Francisco.

But the online search leader's effort to broaden its focus beyond smartphones and tablets was on full display as the company unveiled far-reaching plans to push further into the living room, the family car and the TV set.

67. Schadt Reflects on ArtsMemphis Time, Looks Ahead -

Thirteen years is a long time to do one job and do it well, which explains why Susan Schadt already talks with an air of wistfulness about her imminent departure as president and CEO of ArtsMemphis at the end of this year.

68. Crime Data Show iPhone 'Kill Switch' Cuts Thefts -

ALBANY, N.Y. (AP) – New crime data show Apple's addition of a "kill switch" to its iPhones last September has sharply reduced robberies and thefts, authorities said Thursday.

The report by state attorneys general, prosecutors, police and other officials from a year-old initiative called "Secure Our Smartphones" said Google and Microsoft will incorporate a kill switch into the next version of their operating systems on smartphones. The three systems – Android, iOS, and Windows Phone – are used in 97 percent of smartphones in the U.S.

69. What to Aid Ailing Casino Market -

TUNICA RESORTS, Miss. (AP) – As Tunica grapples with the Harrah's closure, the state of Mississippi hasn't acted to support the industry. But there are proposals under discussion that might bolster the remaining casinos and the tax revenue they produce. Here's a brief look at some:

70. 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.

71. 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.

72. Training Ground -

You can’t perfectly simulate a real-life disaster. Dr. Joe Holley knows this better than most.

73. Babalu Tacos & Tapas Adds to Square -

In the 1970s, Bill Latham worked as a waiter in Jackson, Miss., at the TGI Fridays restaurant there, one of the first few locations of the chain.

74. UPS Names Longtime Employee as Next CEO -

Package-delivery giant UPS has named a longtime company veteran as its next CEO.

The company said Friday that Chief Operating Officer David Abney will take the top job Sept. 1. Current Chairman and CEO Scott Davis will become nonexecutive chairman at that time.

75. State Systems Prides Itself on Protecting Customers -

In 1986, the father-and-son team of Robert and Bob McBride bought a fledgling small business called State Systems.

76. 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.

77. Online Pirates Thrive on Legitimate Ad Dollars -

LOS ANGELES (AP) – Movie and music piracy thrives online in part because crafty website operators receive advertising dollars from major companies like Comcast, Ford and McDonald's.

That's the conclusion of several recent reports that shed light on Internet piracy's funding sources.

78. 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.

79. Perkins Hotel Sells After Foreclosure -

2700 S. Perkins Road
Memphis, TN 38118
Sale Amount: $2.2 million

Sale Date: May 23, 2014
Buyer: HC Memphis LLC
Seller: Douglas M. Alrutz, successor trustee
Details: The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.

80. Change on Tap for Many Local Public Companies -

Here’s a snapshot of recent news and developments at some of the publicly traded companies based in Memphis, reflecting the influence these companies have and the shadows they cast both in Memphis and beyond, in industries that range from bioscience to banking.

81. 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.

82. 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.

83. AutoZone Quarterly Profit Rises 7.4 Percent -

Memphis-based AutoZone Inc. has enjoyed double-digit earnings per share growth every quarter since the latter part of the administration of President George W. Bush – 31 straight quarters, to be precise.

84. Prime Urgent Clinic Rebrands as MedPost -

Prime Urgent Medical Clinic, located in Cordova, has a new name: MedPost Urgent Care.

The center becomes part of a new and growing national network of urgent care centers launched by Tenet Healthcare, the parent company of Saint Francis Hospital. The MedPost network currently consists of 23 urgent care centers in eight states.

85. ABF Freight Wins PILOT for Memphis Expansion -

ABF Freight System Inc. has received a tax break for the proposed expansion of its Memphis facility.

86. More Departures From Haslam-Owned Truck-Stop Chain -

NASHVILLE (AP) – With a year-long federal fraud investigation looming over it, the huge truck-stop chain owned by the family of the Cleveland Browns owner and Tennessee's governor is doing some housecleaning at its highest levels.

87. ABF Freight Receives PILOT for Possible Expansion -

ABF Freight System Inc. has received a tax break for the proposed expansion of its Memphis facility.

88. Microsoft Unveils Larger Surface Tablet -

NEW YORK (AP) – Microsoft announced a larger version of its Surface tablet to make the device more compelling as a laptop replacement.

The Surface Pro 3 will have a screen measuring 12 inches diagonally, up from 10.6 inches in previous models. Microsoft said it's also thinner and faster than before. The company said it worked closely with chip-maker Intel Corp. to maximize performance in a slim device.

89. Google Buys Corporate Mobile-Device Manager Divide -

SAN FRANCISCO (AP) – Google has bought Divide, a startup that helps companies manage the mobile devices that employees are increasingly relying upon to get their work done.

Financial terms of the acquisition announced Monday were not disclosed. The deal is part of Google's effort to widen corporate usage of smartphones and tablets running on its mobile operating system, Android.

90. Prime Urgent Clinic Rebrands as MedPost -

Prime Urgent Medical Clinic, located in Cordova, has a new name: MedPost Urgent Care.

The center becomes part of a new and growing national network of urgent care centers launched by Tenet Healthcare, the parent company of Saint Francis Hospital. The MedPost network currently consists of 23 urgent care centers in eight states.

91. AAA: Americans Ready to Travel After Rough Winter -

NEW YORK (AP) – A strong case of cabin fever and a little more money to spend should inspire a greater number of Americans to hit the road this Memorial Day weekend.

That's the forecast from auto club AAA, which on Friday said it expects a total of 36.1 million people to travel 50 miles or more. If that estimate holds true, it would be the largest amount of people traveling during the holiday weekend since 2005.

92. Economic Gardening Program Expands Reach -

A program aimed at helping small and midsize companies grow is being expanded with the hope it will allow existing companies to extend their roots in the community.

The Economic Gardening program, which was launched as a pilot program last year to help 22 existing businesses reach the next level, is expanding to assist 25 more companies, and local officials hope the program can become a permanent fixture in the local economic development toolbox.

93. 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.

94. 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.

95. 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

96. 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.

97. 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.

98. Hard Work Pays Off -

It was 1961 when Mose and Dorothy Higginbotham started Ozark Motor Lines with a 1949 Ford pickup they used to carry freight from Memphis to Missouri.

99. 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.

100. Innovation Risk Brings Rewards -

Suppose I told you that you could spend $185,000 and turn it into $25 million or more in a few years. You would accuse me of phishing, an investment scam, or dismiss the proposition as foolhardy. Yet, these are the types of returns we see from clients and those in the world who invest in breakthrough innovation at their companies.