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Editorial Results (free)

1. Yellen to Give Her Outlook as Fed Honeymoon Fades -

WASHINGTON (AP) – Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks. Yellen has so far carried on his approach with barely a hiccup.

2. 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.

3. Wal-Mart Lowers Quarterly, Yearly Profit Expectations -

Wal-Mart said Friday its fiscal fourth-quarter and full-year adjusted earnings from continuing operations may come in at or slightly below the low end of its prior forecasts.

The latest comments reflects accounting for some Brazil-related charges and other items. Chief Financial Officer Charles Holley said that these additional items were not anticipated when Wal-Mart previously provided its forecasts.

4. Building Permits Dip in 2013 -

Last year turned out to be a mixed bag for Shelby County homebuilders, who filed fewer permits in 2013 than they did in 2012 but sold slightly more homes.

Homebuilders filed 860 permits in 2013, down 6.3 percent from 918 permits filed in 2012, but still far above the 700 permits filed in 2011, according to real estate information company Chandler Reports, www.chandlerreports.com.

5. Suburban Voters Decide School Board Races -

Voters in Shelby County’s six suburban towns and cities elected their respective municipal schools boards Thursday, Nov. 7 with low voter turnouts that reflected that most of the school board positions on the ballots were one-candidate uncontested races.

6. Early Voting Expands in District 91 Primary -

Early voting in the Democratic primary special election for State House District 91 expands Friday, Sept. 27, from the Shelby County Election Commission’s Downtown offices, 157 Poplar Ave., to three satellite locations.

7. Filing Deadline Nears for School Board Races -

It looks as if the prospective candidates in many of the suburban school board races on the Nov. 7 ballot had already decided the winners a day away from the noon, Thursday, Sept. 26, filing deadline for the six sets of races.

8. Tepid US Retail Sales Raising Doubts About Economy -

WASHINGTON (AP) – Bleaker outlooks at retailers like Wal-Mart and Macy's are raising doubts that consumers will spend enough in coming months to lift the still-subpar U.S. economy.

Though the economy is growing steadily, Americans are being hampered by weak pay, higher taxes and tepid hiring. Sluggish overseas economies are also slowing sales for U.S. retailers. It's a picture the Federal Reserve will weigh in deciding whether to scale back its bond purchases as soon as next month.

9. Two Bo’s, One Town -

THANK YOU, Z’BO AND C’BO. AND THANK YOU, MICHAEL. Last week, my son reminded me to write a column about the Grizzlies. So I did. This week, a good friend commenting on that column reminded me of why I write them in the first place, and then wrote one for me.

10. Grizzlies Must Maintain ‘Thirsty Dog’ Mentality -

As the Grizzlies’ series with the Oklahoma City Thunder shifted to Memphis for Game 3 on Saturday, May 11, the Grizzlies found themselves in much better position than during the Clippers’ series.

Instead of staring up at a 0-2 deficit, their Game 2 victory tied the series 1-1 and has allowed them the possibility to advance to the Western Conference Finals just by winning three games at FedExForum.

11. Health Care Compact Fails in House Committee -

NASHVILLE (AP) – A measure that would allow Tennessee to approach Congress about forming the state's own health care system has failed a second consecutive year after opponents said Tuesday it's unnecessary and could hurt the state's other health initiatives.

12. Scorched Earth -

The daily hustle and bustle of city life makes it easy for Memphians to forget that the urban pocket they call home sits amid one of the nation’s richest agricultural regions, one that’s suffering the economic impact of unusually high temperatures and a nationwide drought.

13. Hayes Survives, Thrives Even in Housing Slump -

As a child, Michelle Hayes dreamed of owning her own hotel. Instead of going toe to toe with Hilton and Marriott, however, the Whitehaven native and LeMoyne-Owen College graduate instead entered into the world of real estate in 1998.

14. Obama Uses Tax Proposals for His Political Message -

WASHINGTON (AP) – Aiming tax increases at millionaires and companies that ship jobs abroad may help frame the fairness theme of President Barack Obama's re-election campaign, but it's a plan that stands virtually no chance of passing Congress.

15. J.C. Penney Gets Rid of Hundreds of Sales -

NEW YORK (AP) – J.C. Penney is permanently marking down all of its merchandise by at least 40 percent so shoppers no longer have to wait for sales to get bargains.

Penney said Wednesday that it is getting rid of the hundreds of sales it offers each year in favor of a simpler approach to pricing. Starting on Feb. 1, the retailer is rolling out an "Every Day" pricing strategy with much fewer sales throughout the year.

16. Bernanke is Tolerating Dissent but Pushing Past It -

WASHINGTON (AP) – For someone known as a consensus builder, Federal Reserve Chairman Ben Bernanke sure generates – and shrugs off – a lot of dissent.

Bernanke last month pushed ahead with a plan to keep short-term interest rates near zero through mid-2013 despite three dissenting votes on the Fed's policy-making committee. For decades, the Fed's culture, and sometimes its strong-willed chiefs, have normally capped dissents at two.

17. Wal-Mart Q2 Profit Up 5.7 Pct on Overseas Strength -

NEW YORK (AP) – Wal-Mart Stores Inc. posted a second-quarter profit increase of 5.7 percent on Tuesday and raised its outlook for the year as it benefits from international sales growth and cost cutting measures. But the world’s largest retailer was unable to stop a two-year sales slump at its Walmart stores in the U.S as customers continued to grapple with job security and other economic woes.

18. Rising Pump Prices Add to Wal-Mart Uncertainty -

NEW YORK (AP) – Rising gas prices are adding another obstacle to Wal-Mart Stores Inc.'s campaign to reverse a two-year U.S. sales slump.

19. Dish's Blockbuster Buy May Mean Brand's Survival -

NEW YORK (AP) – Dish Network Corp.'s agreement to buy Blockbuster Inc.'s assets out of bankruptcy could keep the movie-rental chain and its blue-and-gold logo from disappearing.

20. Bernanke Bond Plan Faces More Skeptics Within Fed -

WASHINGTON (AP) – Few expect any major shifts when the Federal Reserve's policymaking panel meets this week, even though two of its new voting members have been skeptics of the Fed's $600 billion Treasury bond purchase plan.

21. Obama Orders Review of Rules to Boost Economy -

WASHINGTON (AP) — President Barack Obama, in another move to smooth frayed ties with corporate America, ordered a far-reaching review of federal regulations Tuesday with the goal of weeding out rules that hurt job growth and creation. Republicans and business groups welcomed the step but suggested he do even more.

22. Menlo Deal Tops Noteworthy Leases -

The Daily News in September launched a new weekly column called “Inked” to spotlight Memphis’ commercial leasing landscape.

Despite tough times, local commercial real estate firms were able to ink plenty of deals in the past four months. Here’s a rundown of some of the most noteworthy commercial leases since Inked’s debut:

23. Building Permits Hold Steady -

Shelby County homebuilders filed 49 permits last month, a 2 percent increase over the same period a year ago, according to real estate information company Chandler Reports.

But that marked 2 percent decrease from the 50 permits filed in September and an 11 percent decrease from 55 permits filed in August. Homebuilders filed 48 permits in October 2009.

24. Official Urges Limits to Fed's Emergency Powers -

WASHINGTON (AP) – It's something you don't often hear from turf-conscious policymakers: Go ahead, curb our power.

Yet, that's essentially what Charles Plosser, president of the Federal Reserve Bank of Philadelphia, made a case for Friday in remarks to a central banking conference in Zurich, Switzerland.

25. Inside The Priest Files: Documents reveal 50 years of abuse, cover-ups in Memphis diocese -

John Doe and his family watched 1999 change to the year 2000 in Memphis.

They were visitors to the city, here for a family medical emergency.

Looking back on it seven years later, Doe would remember “mentally trying to see if the world was going to end because everybody was scared something was going to happen.”

26. Shingles Prove to be Gold Mine for Thieves -

DALLAS (AP) - Workers at Bradco Supply Corp. arrived one morning to find someone severed the heavy chain locks on the security fence at the Fort Worth shingle supply warehouse. Inside, empty wooden pallets were splintered and scattered across the floor.

27. Police Director Larry Godwin -

As the contenders for Memphis mayor have been on the road this month, another campaign has been under way.

Memphis Police Director Larry Godwin has been making the case for the signature strategy of his five years as top cop – Blue CRUSH.

28. Congress Has Little Appetite For Health Care Taxes -

WASHINGTON (AP) – It’s the toughest question of all in the debate over revamping the nation’s health care system – how to pay for expanding coverage to nearly 50 million uninsured people.

Ask lawmakers about raising taxes and the responses range from emphatic opposition to noncommittal statements about “putting everything on the table.”

29. Wal-Mart Profit Flat on Impact of Strong Dollar -

LITTLE ROCK, Ark. (AP) - Wal-Mart Stores Inc., which posted flat first-quarter earnings Thursday, will spend another summer marketing its wares to families who want to have fun even in hard times.

30. SEC Chief Says New Short-Selling Rules a Priority -

WASHINGTON (AP) - The head of the Securities and Exchange Commission said Tuesday she is making the issue of new rules restricting short-selling a priority as the agency heard from an array of interests about ways to limit trades that bet against a stock.

31. Priest Sex Suit Hangs on With Latest Ruling -

The last pending civil lawsuit alleging child sexual abuse by a Memphis priest remained alive this week.

Circuit Court Judge D’Army Bailey denied a motion Monday by the Catholic Diocese of Memphis to dismiss the lawsuit filed against it by Norman Redwing. Redwing alleges, in the lawsuit filed last October, that he was abused by the Rev. Milton Guthrie in the 1970s.

32. Real Estate Gloom Far From Over, Numbers Show -

The first two months of 2009 are in the books, and the real estate market has shown no signs of improving. For the second straight month, home sales declined by a third from the same month a year ago, proof that housing still needs to dig itself out of a deep hole.

33. Luminetx Founder at Odds With Management -

Editor’s Note: On Oct. 9, 2009, it was announced that Roxane Bischofberger and Luminetx Corp. settled their dispute amicably on terms agreeable to both sides, and all claims and counterclaims have been dismissed. The litigation was resolved pursuant to a confidential settlement.

34. Citi Reaches Deal with Lawmakers on Home Loans -

WASHINGTON (AP) - Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures and urged other lenders to follow suit.

35. Retail Analyst Sees Weak Holiday Sales -

A late surge in retail sales during the last weekend in December likely will not be enough to rescue a poor holiday season, an analyst said Monday.

Jeffrey Klinefelter of PiperJaffray said estimates from ShopperTrak indicate sales were up 30 percent from a year earlier for the weekend following Christmas. However, he estimated same-store sales for November through December to be down by a percentage in the low single digits, hurt by low consumer confidence and tightened spending.

36. Administration Ponders Bank Ownership Stakes -

WASHINGTON (AP) – The Bush administration is considering taking part ownership in certain U.S. banks as an option for dealing with a severe global credit crisis.

An administration official, who spoke on condition of anonymity because no decision has been made, said the $700 billion rescue package passed by Congress last week allows the Treasury Department to inject fresh capital into financial institutions and get ownership shares in return.

37. Down Market Hits 1-Year Mark with No Clear Bottom -

CHICAGO (AP) - The bear market that is ravaging investor portfolios is now one of the worst in modern U.S. history and has wiped out more than $7 trillion in shareholder value, with no bottom clearly in sight.

38. Fed: Slower Growth, Rising Prices Slam Economy -

WASHINGTON (AP) - The country slogged through slower economic growth and rising prices during the summer, packing a double whammy to people and businesses alike.

The Fed's new snapshot of business conditions, released Wednesday, also underscored the challenges confronting Federal Reserve Chairman Ben Bernanke and his colleagues as they try to get the economy back on track.

39. Some Fed Policymakers Worried About 'Prolonged and Severe' Economic Downturn -

WASHINGTON (AP) - Worries about a deep recession - not a shallow one - drove Federal Reserve policymakers to slash a key interest rate last month, meeting minutes show.

Even as the Fed battled in almost unprecedented fashion to stem a widening credit and housing slump, some members fretted over the possibility of a "prolonged and severe" economic downturn. It was in that environment that they voted - with two dissents - to cut its most important interest rate by three-quarters of a percentage point to 2.25 percent. That action capped the most aggressive Fed intervention in a quarter-century.

40. Bernanke Discusses Ways to Help Troubled Homeowners -

WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke is suggesting that policymakers look for ways to encourage a wider range of mortgages geared for low-income and other borrowers who have been hard hit by the housing slump and credit crunch.

41. ON FIRE -

Fire blazed through several buildings in Downtown Memphis around 3 a.m. Friday, sending firefighters, employees of nearby businesses and residents scrambling.

It reportedly began at the 113-year-old First United Methodist Church at Second Street and Poplar Avenue, and flaming embers flew through the air to ignite the nearby Lincoln American Tower, Rhodes Jennings Building and Court Square Annex at North Main and Court streets.

42. ON FIRE -

Fire blazed through several buildings in Downtown Memphis around 3 a.m. Friday, sending firefighters, employees of nearby businesses and residents scrambling.

It reportedly began at the 113-year-old First United Methodist Church at Second Street and Poplar Avenue, and flaming embers flew through the air to ignite the nearby Lincoln American Tower, Rhodes Jennings Building and Court Square Annex at North Main and Court streets.

43. Archived Article: Lead - By Amy Oliver

Uptown Replaces Blight With Beauty

Newest project in area renaissance nears completion

AMY OLIVER

The Daily News

Development in a once-blighted community in Downtown Memphis is transforming the neighborhoods there into s...

44. Archived Article: Calendar - Calendar of events Sept

Calendar of events Dec. 9-Dec. 15

Dec. 9

Wyndham Garden Hotel, 300 N. Second St., is the site of the 15th annual Current Developments in Tennessee Employment Law seminar from 1:30 p.m. to 4:45 p.m. The seminar is pre...

45. Archived Article: Bartlett Chg - Bartlett gears up Bartlett gears up for Super Wal-Mart, Brother expansion City of Bartlett completes annexation of 1,600 acres for residential development By CAMILLE H. GAMBLE The Daily News Although new residential permits were down for the year in...

46. Archived Article: Jts Invest Focus - 11/6 jts investment focus Firms can help workers retire; boost savings rate By JAMES SNYDER   Employers can help avert a national savings crisis by helping their employees plan for investment and retirement, according to a leading securities fi...