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Editorial Results (free)

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. 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

13. 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.

14. 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.

15. 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.

16. 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.

17. 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.

18. 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.

19. 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.

20. 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.

21. 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.

22. 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.”

23. 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.

24. 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.”

25. 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.

26. 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.

27. 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.

28. 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.

29. 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.

30. 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.

31. 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.

32. 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.

33. 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.

34. 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:

35. 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.

36. 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.

37. Training Ground -

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

38. 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.

39. 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.

40. 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.

41. 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.

42. 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.

43. 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.

44. 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.

45. 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.

46. 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.

47. 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.

48. 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.

49. 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.

50. ABF Freight Wins PILOT for Memphis Expansion -

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

51. 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.

52. ABF Freight Receives PILOT for Possible Expansion -

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

53. 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.

54. 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.

55. 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.

56. 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.

57. 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.

58. 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.

59. 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.

60. 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

61. 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.

62. 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.

63. 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.

64. 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.

65. 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.

66. Continental Eyeing Memphis for Tire Facility -

The tire division of Continental AG, one of the world’s largest automotive industry suppliers, is eyeing a location on Winchester Road in Memphis for a retreading, service and sales center.

Continental Tire the Americas LLC is seeking a tax break from the Economic Development Growth Engine of Memphis and Shelby County for a tire facility that will employ 25 people at 3474 Winchester Road.

67. Savers Beware: Fees May be Shrinking Your 401(k) -

WASHINGTON (AP) – It's the silent enemy in our retirement accounts: High fees.

And now a new study finds that the typical 401(k) fees – adding up to a modest-sounding 1 percent a year – would erase $70,000 from an average worker's account over a four-decade career compared with lower-cost options. To compensate for the higher fees, someone would have to work an extra three years before retiring.

68. Ugwueke Named President of Methodist Le Bonheur -

After serving more than a year as executive vice president and chief operating officer, the Methodist Le Bonheur Healthcare board has approved Michael Ugwueke as president and COO of parent company Methodist Le Bonheur Healthcare, as well as president and CEO of Methodist Healthcare Memphis Hospitals (MHMH).

69. Family Dollar to Close Stores as Shoppers Pinched -

NEW YORK (AP) – Dollar stores are feeling the pinch from mounting financial pressures on low-income shoppers.

Family Dollar said Thursday that will cut jobs and close about 370 underperforming stores as it tries to reverse sagging sales and earnings. The discount store operator will also permanently lower prices on about 1,000 basic items.

70. Ugwueke Named President of Methodist Le Bonheur -

After serving more than a year as executive vice president and chief operating officer, the Methodist Le Bonheur Healthcare board has approved Michael Ugwueke as president and COO of parent company Methodist Le Bonheur Healthcare, as well as president and CEO of Methodist Healthcare Memphis Hospitals (MHMH).

71. 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.

72. 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.

73. 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.

74. The Right ROI of Innovation for Your Firm -

Innovation as investment is a simple three-step process. First, figure out the risk tolerance level at a firm. Then you can get real with your expectations, roles, resources, and metrics. Second, come up with a mix based on the risk-tolerance level of your culture. Third, formalize the assignment – and kick off all projects with visible executive leadership support. The executive support is critically important.

75. 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.

76. Google Redesigns Android to Power Smartwatches -

SAN FRANCISCO (AP) – Google thinks it's time for an Internet-connected watch that performs many of the same tasks as a smartphone but with fewer distractions and rude interruptions.

The Internet's most influential company is trying to unleash a new era in mobile computing with a version of its Android software tailored for high-tech watches and other devices that can be worn instead of held.

77. New Insurance Rights for Same-Sex Couples -

WASHINGTON (AP) – Addressing gay and lesbian concerns, the Obama administration Friday moved to expand health insurance access for same-sex couples and close a loophole that threatened to leave some HIV/AIDS patients without coverage.

78. Quiznos Files for Chapter 11 Bankruptcy Protection -

DENVER (AP) – Denver-based Quiznos has filed for Chapter 11 bankruptcy protection to reduce its debt by more than $400 million after the chain lost ground to competitors.

The toasted sandwich company said Friday that it voluntarily filed to reorganize to implement a pre-packaged restructuring plan.

79. 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.

80. Nolan AV Files Loan on Shelby Oaks Facility -

Longtime audio-visual company Nolan AV has filed a $1 million loan on its industrial facility at 6225 Shelby Oaks Drive in Northeast Memphis.

81. Renovation on Tap for 100 N. Main Tower -

The owner of 100 N. Main St., the city’s tallest building, has plans to turn the Downtown skyscraper into a development featuring a hotel and apartments.

82. 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.

83. Feds File Suit Against For-Profit College Chain -

WASHINGTON (AP) – The Consumer Financial Protection Bureau filed suit Wednesday against a large, for-profit college chain alleging that it pushed students into high-cost private student loans knowing they would likely end in default.

84. TVA Sees Big Demand During January Freeze -

The head of the Tennessee Valley Authority says five of the top 10 energy usage days in TVA history occurred last month as the region saw three waves of low temperatures.

TVA President and CEO Bill Johnson says January was demanding for the nation’s largest public utility, which serves about 9 million people in seven southeastern states. During a board of directors meeting Thursday in Chattanooga, Johnson thanked the public for helping reduce demands and TVA and power company employees for operating the system reliably.

85. Wind Energy Project Receives Tax Freeze -

The Economic Development and Growth Engine of Memphis and Shelby County has granted an 11-year tax incentive to a wind energy firm considering a $259.8 million investment in energy transfer infrastructure in Shelby County.

86. Wind Energy Project Receives Tax Freeze -

The Economic Development and Growth Engine of Memphis and Shelby County has granted an 11-year tax incentive to a wind energy firm considering a $259.8 million investment in energy transfer infrastructure in Shelby County.

87. TVA Sees Big Demand During January Freeze -

The head of the Tennessee Valley Authority says five of the top 10 energy usage days in TVA history occurred last month as the region saw three waves of low temperatures.

TVA President and CEO Bill Johnson says January was demanding for the nation’s largest public utility, which serves about 9 million people in seven southeastern states. During a board of directors meeting Thursday, Johnson thanked the public for helping reduce demands and TVA and power company employees for operating the system reliably.

88. Cornerstone Systems Sees Leadership Shift -

There’s been a shakeup in management at Cornerstone Systems Inc.

Rick Rodell, current chairman and CEO at the Memphis-based third-party logistics provider, will relinquish his role as CEO and be replaced by Tim Clay, the company’s president and chief commercial officer. Rodell will remain chairman of the company’s board.

89. 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.

90. Cornerstone Systems Announces Leadership Shift -

There’s been a shakeup in management at Cornerstone Systems Inc.

Rick Rodell, current chairman and CEO at the Memphis-based third-party logistics provider, will relinquish his role as CEO and be replaced by Tim Clay, the company’s president and chief commercial officer. Rodell will remain chairman of the company’s board.

91. PILOT Reform -

Nike is in the midst of a $301 million expansion of its Northridge plant in Frayser, a project that means the Beaverton, Ore.-based company will create 250 new jobs and retain 1,600 existing local jobs.

92. New Horizons -

When The Marston Group PLC, a Memphis-based certified public accounting and financial consulting firm, held an open house in recent weeks at its new digs, the evening portion of the event lasted from 7 till later in the night, with the last person leaving around 10.

93. 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.

94. Champion Rebrand -

In 1996, the company known as Champion Awards and Apparel first waded into the world of e-commerce by operating a merchandise website for the Memphis Mad Dogs, the Canadian Football League team that was partly owned by FedEx founder, chairman and CEO Fred Smith.

95. 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.

96. Wal-Mart, Amazon Show Changing Shopping Habits -

NEW YORK (AP) – The financial strains and shifting shopping habits of Americans have led to uneven fortunes for retailers.

Traditional consumer companies like Wal-Mart and Mattel have continued to struggle as Americans spend more cautiously in the uncertain economy. Meanwhile, Amazon.com has flourished as shoppers increasingly buy online rather than head to stores.

97. Buckman Sees Leadership Changes -

Kathy Buckman Gibson is changing her role in the Buckman family business, Buckman International.

Buckman Gibson became president and chief operating officer of the global specialty chemical company with a company announcement Thursday, Jan. 30. She had been chairman of the Buckman board since 2000.

98. Empowering Programs -

On a recent Thursday night in January, 10 young girls enjoyed assorted cheeses, crab cakes, fruits and desserts at Napa Café in East Memphis.

While the girls, all members of Girls Inc. of Memphis, loved the food, it was their discussions with female employees from CB Richard Ellis Memphis that nourished their imaginations and ambitions.

99. Pressure Mounts for Apple to Expand its Horizons -

SAN FRANCISCO (AP) – Apple reshaped technology and society when Steve Jobs unveiled the iPhone seven years ago. Now, the trend-setting company is losing ground to rivals that offer what Apple has stubbornly refused to make: smartphones with lower prices and larger screens than the iPhone.

100. 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.