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Editorial Results (free)

1. Fed Keeps Rates Low, But Brace for the Inevitable -

WASHINGTON (AP) – Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday.

Enjoy the easy money while it lasts.

By mid-2015, economists expect the Fed to abandon a nearly 6-year-old policy of keeping short-term rates at record lows. Those rates have helped support the economy, cheered the stock market and shrunk mortgage rates. A Fed rate increase could potentially reverse those trends.

2. Surprise From Fed: No Pullback in Bond Purchases -

WASHINGTON (AP) – In a surprise, the Federal Reserve has decided against reducing its stimulus for the U.S. economy because its outlook for growth has dimmed in the past three months.

The Fed said it will continue to buy $85 billion a month in bonds while it awaits conclusive evidence that the economy is strengthening. The Fed's bond purchases are intended to keep long-term borrowing rates low to boost spending and economic growth.

3. Fed Stands by Stimulus, Sees Stronger US Economy -

WASHINGTON (AP) – The Federal Reserve said Wednesday that the U.S. economy has strengthened after pausing late last year but still needs the Fed's extraordinary support to help lower high unemployment.

4. Obama Carries Shelby, Cohen Over Flinn and Two Tax Hikes Defeated -

President Barack Obama carried Shelby County in unofficial Nov. 6 election returns as his Republican challenger Mitt Romney took the state’s 11 electoral votes.

Voter turnout in the most popular election cycle among Shelby County voters was 61.9 percent, about the same percentage as four years ago. But the 371,256 voters is fewer than 2008 when more than 400,000 Shelby County voters cast ballots. The percentage is about the same because there are fewer registered voters in Shelby County than there were four years ago after a purge by election officials.

5. Mueller Net Income Up $5.5 Million -

Memphis-based Mueller Industries Inc. reported third quarter 2012 net income of $15.5 million Tuesday, Oct. 23, on net sales of $514.2 million.

6. Brown Joins REACH As Vice President -

Stephen Brown has joined REACH Human Capital as vice president of business development. In his new role, Brown will assist companies in selecting and training employees.

7. Mueller Q2 Net Income Drops on Slow Commercial Construction -

Memphis-based Mueller Industries Inc. posted second quarter net income of $17.9 million, or 47 cents per diluted share.

8. Mueller Reports Lower Net Income in Q1 -

Mueller Industries Inc. reported $32.6 million in net income for the first three months of 2012.

The earnings for the 13-week quarter compared to $40.6 million in the 14-week first quarter of 2011.

9. Gov't Helps Keep Loans Cheap – If You Can Get One -

NEW YORK (AP) - It's a good time to borrow money for a home, car or small business.

A year after a global freeze in the credit markets prompted massive government intervention to prevent the financial system from collapsing, interest rates remain at historic lows. But banks are demanding more collateral, bigger down payments and detailed financial histories from borrowers.

10. Events -

The Memphis Lawyers’ Chapter and University of Memphis Law School Student Chapter of the Federalist Society will hold a seminar today from 11:45 a.m. to 1 p.m. at the University of Memphis Cecil C. Humphreys School of Law, 3715 Central Ave. Steven J. Mulroy and Christopher Green will present “A Constitution Day Debate: Living Constitution vs. Original Intent.” To register, call Greg Grisham at 527-0214.

11. Events -

Talk Shoppe will present “Home Financing: How to Get the Best Deal in Today’s Market” today from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

12. Mortgage Rates Fall; Unemployment Data Still Weak -

WASHINGTON (AP) - Mortgage rates are falling as this week's dramatic action by the Federal Reserve provides a boost to the dismal housing market, but the nation's unemployment rolls are stuck at historically high levels amid a deepening recession.

13. Quartet of TICs Joins Countrywood Crossing -

2257 N. Germantown Parkway
Memphis, TN 38116
Sale Amount: $6.7 Million (combined)

14. Mueller CEO Resigns, New Executive Named -

William D. O’Hagan, CEO of Mueller Industries Inc., will resign his post effective Dec. 31. O’Hagan was diagnosed with lung cancer in October and currently is undergoing treatment. He will continue to advise the company as a consultant and will be designated as a director emeritus.

15. Wassmer Captures Account Exec Spot at Thompson & Berry -

Katie Wassmer has been promoted to account executive at Thompson & Berry Public Relations, a division of Thompson & Co. Wassmer has been with Thompson & Berry for two years. She joined the company as an intern. Wassmer graduated from the University of Memphis in 2004 with a bachelor's degree in journalism/public relations.

16. Archived Article: Memos - <ephoto> Greg V

Greg V. Ortega was named director of corporate product marketing for TBC Corp. Ortega previously held positions as TBCs manager of strategic marketing and manager of marketing and procurement for light truck tires. He earned...

17. Archived Article: Calendar - Sept Sept. 13 The Quality Center will sponsor an ISO 9000 internal auditor workshop through Sept. 14. The cost is $395. For more information, call 543-3530 or visit the organizations Web site at www.msqpc.com. Shelby County Republican Women will mee...

18. Archived Article: Memos - Mike W Mike W. Myers has been named chief operating officer for Back Yard Burgers Inc. Myers formerly was regional vice president of Whataburger Inc. in Irving, Texas. He has a masters degree from the University of Phoenix. Lawrence C. Day has been ...