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Editorial Results (free)

1. US Businesses Boost Hiring Despite the Shutdown -

WASHINGTON (AP) – The U.S. economy may be sturdier than many had assumed.

Employers added a surprisingly strong 204,000 jobs in October despite the 16-day government shutdown, the Labor Department said Friday. And they did a lot more hiring in August and September than previously thought.

2. Medical Supply Program Facing Delays, Scrutiny -

Less than a week before an effort to rein in billions of dollars in Medicare spending on home medical equipment is set to kick in, members of Congress and medical supply programs are pushing to delay the plan, saying some of the process has been mishandled and that the process lacks transparency.

3. Cortview Capital Expands Memphis Team -

Brad Bodine, who heads the credit products group for Cortview Capital Securities LLC, says growth in Memphis “is an important strategy” for the firm, which has been on a hiring streak around the country lately.

4. Preliminary TCAP Data Show Improved Scores -

MURFREESBORO, Tenn. (AP) – Gov. Bill Haslam on Thursday applauded the state's improved standardized test scores but acknowledged more work has to be done to meet federal regulations.

Preliminary results from the Tennessee Comprehensive Assessment Program showed math scores in third- through eighth-grade improved by 7 percent this year over last year and reading scores improved by 3.7 percent.

5. Reform Views Vary Among Local Bankers -

U.S. Sen. Bob Corker, R-Tenn., slammed the debate over financial reform legislation in no uncertain terms during the Tennessee Bankers Association annual meeting last week in Nashville.

“My strategy is to pray,” said Corker, who’s also a member of the congressional negotiating team that will reconcile differences between separate reform bills and merge them together.

6. Discount Rate Hike A Good Sign For Economy -

The era of billion-dollar bailouts and an economy stuffed to the gills with money virtually created out of thin air is drawing to a close.

The unprecedented actions by the federal government to stave off economic collapse had to end sometime. And a variety of local bank analysts, financial advisers, chief financial officers and others regard Friday’s announced hike in the Federal Reserve’s discount rate as a step – albeit an early one – in that direction.

7. Area Banks Could Accept Federal Help -

Community bankers in the Memphis area as well as throughout Tennessee could be changing their minds about the merits of accepting injections of capital from the U.S. Treasury Department.

About a month ago, Treasury officials sat the heads of nine large U.S. banks – including Bank of America, Goldman Sachs and Citigroup – down around a table and all but forced them to collectively accept $125 billion as part of a broad strategy to shore up the economy by directly injecting capital into banks to encourage them to lend money. Regional players such as SunTrust and Memphis-based First Horizon National Corp. later stepped up and applied for the federal cash as well.

8. Area Banks Consider Bailout Options -

The impact of the federal government’s flurry of moves to shore up the country’s financial marketplace soon may be visible among local and regional players. But opinions are mixed about what the impact here will be.

9. 'Catching the Wave' -

Like many Memphians, Kevin Warr is very familiar with all the residential development going on in Downtown Memphis. And also like many small-business owners, he decided in 2006 to open his business there to take advantage of all the growth.

10. Kobernus Joins MAAR As Governmental Affairs Director -

Aubrie Rhodes Kobernus has joined Memphis Area Association of Realtors (MAAR) as governmental affairs director. Kobernus received a master's degree in business administration from George Washington University in Washington, D.C., in May 2006. While pursuing her degree, she interned with NeighborWorks America and New Century Financial Corp., focusing on the mortgage and housing industry.

11. Archived Article: Calendar - March 22 March 22 The League of Women Voters will meet at 7 p.m. at the Poplar-White Station Library, 5094 Poplar Ave. The speaker will be Judge Earnestine Hunt Dorse, whose topic will be juvenile justice. For more information, call 327-6892. March ...

12. Archived Article: Memos - The Sneed Cos. has announced the promotion of two employees: The Sneed Cos. has announced the promotion of two employees: W. Scott Sneed, vice president, is manager of investments specializing in variable universal life insurance, as well as individ...