Editorial Results (free)
1. Target's Chairman and CEO Out in Wake of Breach
- Tuesday, May 06, 2014
NEW YORK (AP) – Target's massive data breach has now cost the company's CEO his job.
Target announced Monday that Chairman, President and CEO Gregg Steinhafel is out nearly five months after the retailer disclosed the breach, which has hurt its reputation among customers and hammered its business.
2. Reedy Thriving As Housing Investments Skyrocket
- Tuesday, February 18, 2014
Jim Reedy began selling real estate in 1976 while he was a student at the University of Memphis, and within three years, he moved into selling investment properties.
3. Gambling Industry Fights Self on Internet Gambling
- Tuesday, February 11, 2014
LAS VEGAS (AP) – Many experts believe online wagering is the future of gambling, but the casino industry is increasingly divided on the issue.
The latest evidence of the split came Monday as the Coalition to Stop Internet Gambling launched the first commercial in a six-figure campaign warning of the dangers of legalized Internet gambling. The coalition is emphasizing the possibility that criminals and terrorists may use online gambling to launder money.
4. Obama: Income Inequality a Defining Challenge
- Thursday, December 05, 2013
WASHINGTON (AP) – President Barack Obama turned his focus Wednesday to the pocketbook issues that Americans consistently rank as a top concern, arguing that the dream of upward economic mobility is breaking down and the growing income gap is a "defining challenge of our time."
5. Combined Net Worth of America's Richest Rises
- Tuesday, September 17, 2013
NEW YORK (AP) – Life is good for America's super wealthy.
Forbes on Monday released its annual list of the top 400 richest Americans. While most of the top names and rankings didn't change from a year ago, the majority of the elite club's members saw their fortunes grow over the past year, helped by strong stock and real estate markets.
6. Between Economy and Trouble, Obama Approval Steady
- Friday, May 24, 2013
WASHINGTON (AP) – The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way.
He's getting no significant uptick in approval from gains in housing, jobs and the stock market. Likewise, he has so far seen no downtick from the recent storms over the terror attack in Benghazi, Libya, the targeting of conservative groups by the IRS and a leak investigation that has swept up the phone records of Associated Press journalists.
7. Path to Law Career Began Early for McLaughlin
- Thursday, May 09, 2013
Julie McLaughlin has worked her way up the legal ladder for much her life.
Beginning with a degree in paralegal studies from Hinds Community College in Raymond, Miss., and then a Bachelor of Arts in political science from the University of Memphis, the final rung was earning a law degree from the University of Memphis Cecil C. Humphreys School of Law in 2001.
8. Local Politicians Split on Fiscal Cliff Bill
- Wednesday, January 02, 2013
There was only one vote for the American Taxpayer Relief bill Tuesday, Jan. 1, among the nine Tennesseans who represent the state in the U.S. House of Representatives.
U.S. Rep. Steve Cohen, D-Memphis, said he wasn’t happy with all of the agreement but voted for it because of the tax cuts it maintained.
9. Optimism Finds Way Into Local Banks, Financial Institutions
- Monday, November 12, 2012
Here’s a look at what’s going on in the world of finance, and the ways it’s all affecting Memphis.
First up, to quote the Bard, “But soft: what light through yonder window breaks?”
10. Planning for the Future
- Monday, November 12, 2012
A few months ago, CNBC broadcaster Jim “Mad Money” Cramer all but reached up to the TV screen on his set to high-five Bryan Jordan, president, CEO and chairman of First Horizon National Corp., whose image was there via satellite.
11. Fed Cites Moderate US Growth, Takes no new Action
- Thursday, October 25, 2012
WASHINGTON (AP) — Two weeks before a U.S. election focused on the economy, the Federal Reserve said Wednesday that its help is still needed to increase growth and lower unemployment.
The Fed took no action after a two-day policy meeting. It wants time to assess whether the aggressive steps it launched in September will help the economy.
12. Easy Money
- Monday, October 08, 2012
When the Federal Reserve announced a few weeks ago its newest – i.e., third – round of quantitative easing intended to once again try to juice a sluggish economy, an employee of FTN Financial couldn’t resist a metaphor for the Fed’s open-ended commitment.
13. Gates, Buffett Again Top Forbes' Billionaires List
- Thursday, September 20, 2012
NEW YORK (AP) – Microsoft Corp. co-founder Bill Gates remains the nation's richest man by far, as the tech and philanthropy giant took the top spot on the Forbes 400 list for the 19th year running, with a net worth of $66 billion.
14. JPMorgan CEO Says Execs May Have Pay Taken Back
- Thursday, June 14, 2012
WASHINGTON (AP) – JPMorgan Chase CEO Jamie Dimon told Congress on Wednesday that senior bank executives responsible for a $2 billion trading loss will probably have some of their pay taken back by the company.
15. Market Value
- Monday, May 14, 2012
Investor Warren Buffett admitted in his annual letter to shareholders recently that he was “dead wrong” in his early 2011 prediction that the housing market would have begun recovery by now.
16. Jackson Lewis Adds Attorneys, Plans More
- Thursday, May 03, 2012
The Memphis office of workplace law firm Jackson Lewis LLP is on a tear. The firm has brought four new attorneys, for example, on board since December. That brings the current total to nine – up from three when the firm opened its doors here in 2008.
17. Encouraging Signs
- Monday, February 27, 2012
In the weeks since it was announced last month that Raymond James Financial Inc. is paying $930 million to acquire Memphis-based Morgan Keegan & Co. Inc., more than 550 Morgan Keegan employees have trekked down to St. Petersburg, Fla.
18. America Still Waiting For Next Great Tennis Champ
- Friday, February 24, 2012
Before last year’s U.S. Open, GQ asked a question with John McEnroe-like bluntness: “Why does America suck at tennis?”
It’s an offensive question to American Ryan Sweeting, 24, playing at this week’s Regions Morgan Keegan Championships at The Racquet Club of Memphis, and ranked 78th on the ATP World Tour.
19. Eastman Chemical Buying Solutia for About $3.38B
- Monday, January 30, 2012
NEW YORK (AP) – Specialty chemical company Eastman Chemical Co. is buying Solutia Inc. in a cash-and-stock deal valued at about $3.38 billion to broaden its presence in the Asia Pacific region and other emerging markets while expanding its product offerings.
20. Delta Shares Up on Report of Interest in AMR
- Friday, January 13, 2012
FORT WORTH, Texas (AP) – Shares of Delta Air Lines Inc. rose Thursday after a report that the world's second-biggest airline may try to buy American Airlines parent AMR Corp.
21. IPO Market, an Engine of Job Growth, Stalls
- Tuesday, October 25, 2011
NEW YORK (AP) — Two companies with quirky names, Ubiquiti Networks and Zeltiq Aesthetics, made their public debuts earlier this month with listings on the Nasdaq Stock Market. Each company's stock went up modestly on the first day of trading.
22. Making Up: Free Apps for Furious Blackberry Users
- Tuesday, October 18, 2011
TORONTO (AP) – The Blackberry has left a bitter taste in the mouths of its users.
Trying to make amends for massive outages last week, Research In Motion on Monday promised Blackberry users free premium apps and a month of technical support. But the apology is unlikely to placate miffed customers, many of whom are considering whether to part with the tarnished brand in favor of more popular devices such as Apple's newest iPhone.
23. BlackBerry Blackout is New Threat to Brand
- Monday, October 17, 2011
NEW YORK (AP) – The longest BlackBerry outage in many years left customers outraged this week, threatening to cost the granddaddy of all smartphones more business when it's already struggling to keep up in a crowded marketplace.
24. Five Hot Job Categories for Retirees, Older Workers
- Monday, October 17, 2011
CHICAGO (AP) – Looking for a job isn't just a concern for those under 65. Retirees and those past the traditional age for calling it quits increasingly need or want to work.
The challenge, of course, is finding suitable work in an economy with chronically high unemployment.
25. Obama Tax Proposal Worries Social Security Allies
- Tuesday, September 13, 2011
WASHINGTON (AP) – Some Social Security advocates fear that President Barack Obama's desire to cut taxes supporting the program will undermine its vaunted stature as a self-financing pension system that provides checks to retirees based on contributions they made while working.
26. Local Companies Working to Navigate Economic Straits
- Monday, June 13, 2011
The financial services business seems like a tough one to be in these days.
Investors have for the last few weeks treated bank stocks like the piñata of Wall Street. Bankers, attorneys and investment professionals have boiled a massive government overhaul of the country’s financial regulations down to clipped phrases like “finreg” and “Dodd-Frank” that they speak of often with a grumble or a shaking of the head.
27. McDonald's Sales Climb, But Gains Weaken in May
- Thursday, June 09, 2011
OAK BROOK, Ill. (AP) – Sales of McDonald's fruit and maple oatmeal and drinks like frozen strawberry lemonade pushed the fast-food chain's revenue at restaurants open at least 13 months up 3.1 percent in May.
28. Obama Gains Foothold; GOP Autumn Surge Behind Him
- Wednesday, June 01, 2011
WASHINGTON (AP) – Six months after Republicans alarmed Democrats with a midterm election wave, President Barack Obama has shaken off the jitters and found his political footing despite sluggish economic growth and deep public anxiety about the direction of the country.
29. Oil Drops Below $98; Pump Prices Fall Over Weekend
- Tuesday, May 17, 2011
Oil prices dropped Monday, a good sign for drivers who are finally seeing a little relief at the gas pump.
The average price for a gallon of regular fell 3 cents over the week to $3.955 nationally. That's still nearly 14 cents more than it was a month ago, according to AAA, Wright Express and the Oil Price Information Service.
30. Worries About Rising Costs Cast Pall on McDonald's
- Friday, April 22, 2011
NEW YORK (AP) – McDonald's Corp. said Thursday that it expects more price increases for beef and other key ingredients, sending the stock down even as the company reported improved earnings for the first quarter.
31. Pow! Duo of Comic Book Stores See Continued Success
- Thursday, April 14, 2011
Batman, Superman, Spider-Man, the Fantastic Four and many other comic book heroes and heroines have commanded the attention of dedicated fans since their debuts in the middle of the last century.
Just last month, a copy of “Amazing Fantasy #15,” a comic featuring the first appearance of Spider-Man back in 1962, sold for $1.1 million to a private collector.
32. First Horizon CEO Talks About Q4 on CNBC
- Tuesday, January 25, 2011
After his company reported a quarterly loss Friday, the CEO of First Tennessee Bank’s parent company went on “Mad Money,” the show hosted by CNBC personality Jim Cramer.
33. RadioShack CEO Julian Day Retiring
- Tuesday, January 25, 2011
NEW YORK (AP) – RadioShack said Monday its chairman and CEO Julian Day is leaving and announced disappointing fourth-quarter guidance that sent shares down 12 percent in midday trading.
34. 2010 Year of Changes for Financial Services Industry
- Monday, December 27, 2010
From the high finance of Wall Street to the Main Street banks in Memphis that make loans and collect deposits, no corner of the financial services industry was spared from dramatic changes in 2010.
35. Obama Promotes Auto Industry Success in Indiana
- Wednesday, November 24, 2010
KOKOMO, Ind. (AP) – President Barack Obama promoted the revival of the U.S. auto industry Tuesday, taking his pitch to the heart of the Rust Belt where a bruising economy has taken its toll on Democrats.
36. 'Mad Money' Host Touts FHN Stock
- Thursday, October 14, 2010
Jim Cramer, the madcap host of “Mad Money” on CNBC, gave some props to First Tennessee Bank’s parent company during the “Lightning Round” portion of his show Friday.
37. Blockbuster’s Chap. 11 Won’t Impact Memphis
- Friday, September 24, 2010
NEW YORK (AP) – Blockbuster Inc., once the dominant movie rental company in the U.S., filed for bankruptcy protection on Thursday, reeling from mounting losses, rising debt and competitors that have better catered to Americans' changed media habits.
38. Gaining Speed
- Monday, August 16, 2010
For years the Whitehaven community has been fighting against urban decay, crime and economic decline, including the effects of the recent recession.
But with ambitious plans for Graceland in the offing, committed political leadership in place and cooperation from the major players in the area, Whitehaven seems poised to turn an important corner.
39. New Oil Numbers May Mean More Environmental Damage
- Monday, June 14, 2010
HOUSTON (AP) — New numbers showing the amount of oil gushing from a well in the Gulf of Mexico may be double as much as previously thought means the crude is likely to travel farther away, threatening more birds, fish and other wildlife that call the fragile waters their home, scientists said Friday.
40. Agencies Consider New Rules Post-Plunge
- Friday, May 21, 2010
WASHINGTON (AP) - The U.S. Securities and Exchange Commission will propose new rules covering cancellation of trades in the wake of the May 6 stock market plunge, the agency's chairman told a Senate panel Thursday.
41. Exchanges Agree in Principle to New Rules
- Tuesday, May 11, 2010
WASHINGTON (AP) — The leaders for major securities exchanges have agreed in principle to a uniform system of "circuit breakers" that would slow trading during periods of intense market volatility, U.S. regulators said Monday.
42. No Yearly Elections for BancorpSouth Board
- Friday, April 30, 2010
Shareholders of Tupelo-based BancorpSouth voted down a proposal at the bank’s annual meeting Wednesday that would have required all board members to stand for election annually.
BancorpSouth shareholder Gerald Armstrong – who owns 200 shares of the bank’s common stock – submitted a proposal to change the current system in which directors of the $13.2 billion regional bank serve staggered terms.
43. Mississippi Insurance Claims Pour In
- Wednesday, April 28, 2010
JACKSON, Miss. (AP) — Mississippi's top insurance official said the devastation caused by Saturday's storm would be "significant" after viewing the destruction on the ground and by helicopter.
44. New Morgan Keegan Details Emerge
- Friday, April 09, 2010
The former president of Morgan Keegan & Co. Inc.’s asset management unit was questioned under oath in October by regulators scrutinizing some of the company’s mutual funds.
45. Company Helps Real Estate Investors
- Tuesday, April 06, 2010
When Marty Glenn of Southern California considered where he should invest in real estate, he found exactly what he was looking for in Memphis.
46. Snowflake Technologies Breaks Away
- Friday, March 05, 2010
Snowflake Technologies Corp. has emerged from the ashes of Luminetx.
The former subsidiary of Luminetx Corp., which was not part of the deal when Christie Digital Systems Inc. acquired the company in December, is now a free-standing company with its own board of directors.
47. Sale of Luminetx Proposed as Company Flounders
- Friday, December 04, 2009
Luminetx Corp. is operating in the red and may soon run out of money unless its shareholders agree to sell the company to Christie Digital Systems Inc.
48. Sale of Luminetx Proposed as Company Flounders
- Monday, December 07, 2009
Luminetx Corp. is operating in the red and may soon run out of money unless its shareholders agree to sell the company to Christie Digital Systems Inc.
49. Bernanke Claims Tools, Will to Reel in Stimulus
- Friday, December 04, 2009
WASHINGTON (AP) - Making a case for a second term as head of the Federal Reserve, Ben Bernanke said Thursday that he has the tools and the political backbone necessary to reel in massive economic support once the recovery is firmly rooted.
50. Gov't Says Stimulus Saved or Created 650,000 Jobs
- Monday, November 02, 2009
WASHINGTON (AP) - About 650,000 jobs have been saved or created under President Barack Obama's economic stimulus plan, the White House said Friday, saying the president's goal of 3.5 million jobs by the end of next year is on track.
51. Shelby County Pension Fund Shows Signs of Life
- Friday, October 30, 2009
The Shelby County pension fund saw its value climb more than $33 million in September, giving the fund a 4 percent gain for the month and continuing this year’s trend of a slow and steady rebound.
Through Sept. 30, the county’s $819 million fund that provides benefits to county retirees had notched gains in six out of the first nine months of the year.
52. Oil Nears $75 per Barrel On Economic Optimism
- Tuesday, August 25, 2009
Oil prices approached $75 a barrel Monday for the first time in 10 months amid growing optimism that the world’s economies are on the mend.
Benchmark crude for October delivery rose 73 cents to $74.62 a barrel on the New York Mercantile Exchange. Oil last topped $75 in October.
53. Earnings Preview: UPS
- Wednesday, July 22, 2009
ATLANTA (AP) - UPS Inc., the world's largest shipping carrier, is scheduled to report second-quarter results on Thursday. The following is a summary of key developments and analyst opinion related to the period.
54. P&G Taps Gary, Ind., Native McDonald to Lead
- Thursday, June 11, 2009
CINCINNATI (AP) - Procter & Gamble Co. said Wednesday it chose 29-year company veteran Bob McDonald, citing his broad global experience, to lead the world's largest consumer-products company.
55. GM, Chrysler Say Slashing Dealerships Necessary
- Thursday, June 04, 2009
WASHINGTON (AP) - The chiefs of General Motors and Chrysler told skeptical lawmakers on Wednesday they have too many dealers to support their slimmed down operations and sacrifices must be shared as they fight to overcome bankruptcy and survive. They acknowledged that slashing dealerships is causing pain in communities around the country.
56. Bank Stress Tests Show Some Banks Need More Funds
- Friday, May 08, 2009
WASHINGTON (AP) - Some of the largest U.S. banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing many need more funds. The Treasury Department will officially release results later Thursday.
57. Industrial Real Estate Shows Rare Q1 Weakness
- Tuesday, May 05, 2009
Industrial real estate in many ways is the backbone of Memphis’ economy, providing warehouse and distribution space to the myriad transportation companies that move freight in and out of the city.
That sector began 2009 by showing rare signs of weakness, suffering its first three-month period of negative absorption since late 2007. The Memphis Metropolitan Statistical Area saw a loss of 521,677 square feet in the first quarter, according to quarterly data released last week by the Memphis office of CB Richard Ellis.
58. Boeing CEO Calls Slump 'Once-in-a-Lifetime' Event
- Tuesday, April 28, 2009
CHICAGO (AP) - Boeing Co. Chairman and Chief Executive Jim McNerney assured shareholders Monday that the company is in strong shape to ride out the "once-in-a-lifetime" downturn that has walloped its profits, jetliner orders and stock price.
59. Boeing Profit Drops on Production Cuts
- Thursday, April 23, 2009
PITTSBURGH (AP) - Boeing Co., the world's second-largest plane maker, said Wednesday its first-quarter profit dropped by half, hurt by production cuts as airlines postpone deliveries of new planes. It also forecast lower prices and cut its earnings forecast for the year.
60. Boeing to Cut Production of Some Jets in 2010
- Monday, April 13, 2009
PITTSBURGH (AP) - Boeing Co. plans to scale back production of some of its jetliners next year as the global economic crisis further saps demand for commercial aircraft, a move expected to result in fresh job cuts.
61. Target Investor Plans to Nominate 5 to Board
- Wednesday, March 18, 2009
NEW YORK (AP) - One of Target Corp.'s biggest shareholders said Tuesday that he plans to nominate five candidates to the company's board at its annual shareholders meeting in May, against the discount retailer's wishes.
62. Caterpillar CEO Sees More Company Layoffs
- Monday, February 16, 2009
EAST PEORIA, Ill. (AP) - President Barack Obama's stimulus plan may be good for Caterpillar Inc., but the company's chief executive says the equipment maker will probably have to lay off more staff before it starts thinking about rehiring any of the more than 22,000 employees it already plans to cut.
63. McDonald's January Same-Store Sales Up 7.1 Percent
- Tuesday, February 10, 2009
NEW YORK (AP) - Cash-strapped consumers kept buying McDonald's burgers and breakfast items in January, helping the fast food company post a 7.1 percent worldwide increase Monday in same-store sales for the month.
64. Obama Says Differences Shouldn't Delay Stimulus
- Tuesday, February 03, 2009
WASHINGTON (AP) - President Barack Obama said Monday that "very modest differences" over a massive package to revive the economy should not delay its swift passage, a fresh appeal to Congress as the nation dealt with another dose of dire financial news.
65. Harley to Cut 1,100 Jobs as Q4 Profit Falls
- Monday, January 26, 2009
NEW YORK (AP) - Harley-Davidson Inc. said Friday it will cut 1,100 jobs over two years, close some facilities and consolidate others as it grapples with a slowdown in motorcycle sales.
66. Citi Shares Fall Despite Talks with Morgan Stanley
- Tuesday, January 13, 2009
NEW YORK (AP) - Citigroup Inc.'s stock sank Monday to its lowest levels since November as investors wondered how much more cash the troubled bank will need.
67. Memphis Drum Shop Named ‘Independent Retailer of the Year’
- Monday, December 15, 2008
The students mix with the masters at Memphis Drum Shop.
One recent day saw Tony Coleman, who tours with B.B. King and Bobby Blue Bland, shake hands with some of the aspiring drummers as they trotted past cymbals, congas, djembes, timpanis and toms toward the back of the store.
68. McDonald's Same-Store Sales Jump in November
- Tuesday, December 09, 2008
NEW YORK (AP) - Consumers hungry for cheap meals boosted worldwide sales at McDonald's Corp.'s established locations by 7.7 percent in November, more proof of how the fast-food leader is thriving in a downturn that has eaten into sales at its competitors.
69. Obama Wants Econ Rescue Approved 'Right Away'
- Tuesday, November 25, 2008
CHICAGO (AP) - With the economy in crisis, President-elect Barack Obama urged the new Congress to pass a quick economic stimulus bill, pledged help for the troubled auto industry and blessed the Bush administration's bailout of the financial industry.
70. Stewart Bros. Hardware Offers Nostalgia With Service
- Monday, November 17, 2008
Stewart Bros. Hardware deals in more than nails, nuts and bolts or hinges.
It’s the kind of place where one still can get a pair of overalls and buy candy cane by the stick. It might seem more like going back in time here, but it won’t be trudging through in slow motion.
71. Oil Falls Below $67 on US Recession Fears
- Thursday, October 23, 2008
NEW YORK (AP) - Oil prices tumbled below $67 a barrel to 16-month lows Wednesday after the government reported big increases in U.S. fuel stockpiles – more evidence that the economic downturn is drying up energy demand.
72. Wall Street Soars as Government Pledges Bank Aid
- Tuesday, October 14, 2008
NEW YORK (AP) - Wall Street snapped back from last week's devastating losses after major governments announced further steps to support the global banking system, including plans by the U.S. Treasury to buy stocks of some banks. All the major indexes rose more than 8 percent, and the Dow Jones industrials rose more than 700 points.
73. Down Market Hits 1-Year Mark with No Clear Bottom
- Thursday, October 09, 2008
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.
74. Exec Pay Limits Gain Support as Bailout Questioned
- Thursday, September 25, 2008
WASHINGTON (AP) - Executives whose companies get a piece of the $700 billion government bailout will have their pay packages strictly limited under proposals that are broadly supported by both Republicans and Democrats in Congress.
75. Furor Builds on SEC Indexed Annuity Oversight Plan
- Tuesday, September 09, 2008
NEW YORK (AP) - It sounds like an arcane topic that would concern only a few, but a proposal by the Securities and Exchange Commission has generated a mini furor.
The subject of this highly charged debate? Whether or not equity-indexed annuities, a specialized financial product that combines the promise of regular payments with the potential for gains linked to the stock market, should be considered securities or insurance.
76. House OKs Rescue for Homeowners, Freddie, Fannie
- Friday, July 25, 2008
WASHINGTON (AP) - Rescue legislation sailed through the House on Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and preventing the collapse of troubled mortgage companies Fannie Mae and Freddie Mac.
77. Reality Trumps Ideology In Fannie-Freddie Rescue
- Tuesday, July 22, 2008
WASHINGTON (AP) – Odd alliances are at work as President Bush and congressional Democrats band together to save Fannie Mae and Freddie Mac.
The push to reassure markets that the mortgage giants are financially healthy has thrust Republicans – who have never liked the idea of government-sponsored mortgage companies – into the arms of Democrats, who long have championed Fannie’s and Freddie’s mission of helping low- and middle-income Americans buy homes.
78. Fannie, Freddie Spent Millions On Lobbying
- Friday, July 18, 2008
WASHINGTON (AP) – For years, mortgage giants Fannie Mae and Freddie Mac tenaciously worked to nurture, and then protect, their financial empires by invoking the political sacred cow of homeownership and fielding an army of lobbyists, power brokers and political contributors.
79. Mortgage Assistance Seen As Backup Plan, Paulson Says
- Wednesday, July 16, 2008
Treasury Secretary Henry Paulson said Tuesday the Bush administration has no immediate plans to extend emergency loans to mortgage giants Fannie Mae and Freddie Mac or to purchase the stock of the two companies.
80. McCain, Obama Duel on Economic Fix-It Plans
- Wednesday, July 09, 2008
DENVER (AP) - Barack Obama and John McCain agree on this much: The economy is staggering under the Bush administration, and Americans are hurting. But who's to blame and how best to fix it?
Well, they part ways on that, as they made clear in dueling economic speeches Monday on the issue that has taken center stage in their presidential contest.
81. Economic Indicators Not So Good
- Friday, January 25, 2008
Memphis City Council member Jim Strickland recently told an audience at Christian Brothers University that the city of Memphis appears headed toward what he called an "impending budget crisis."
On a similar note, Shelby County Trustee Bob Patterson had made a comparable prediction shortly before he died last week. Patterson forecasted that the county's residential tax base would be completely flat after next year's countywide property reappraisal.
82. Memphis Industrial Market Experiences 'Flat' 3rd Quarter
- Monday, November 19, 2007
One large and lingering transaction resulted in a poor showing for Memphis' industrial leasing market during the third quarter of 2007.
Carrier Corp. formally vacated the 500,000 square feet it once occupied in the Southpoint Distribution Center in South Memphis to move to Holly Springs, Miss., in Marshall County.
83. Custom Homes in Fayette Unfazed By Real Estate Slowdown
- Tuesday, November 13, 2007
If there's a real estate slowdown happening, someone forgot to tell Doug Swink.
Let other homebuilders fret over a decline in buyers and over financing that's harder to come by these days. In Hickory Withe, the rural hamlet on Fayette County's western edge, Swink said he and his development company have as much, if not more, on their drawing board now than in years past.
84. Exports Boost Economy But Struggle Against Housing Crunch
- Thursday, September 06, 2007
WASHINGTON (AP) - A slowdown in manufacturing and construction means the economy needs to rely even more on exports to sustain growth.
Turmoil in the housing and financial markets appears to be spilling over to the broader economy, according to data released Tuesday that showed expansion in the manufacturing sector slowed in August while construction spending dropped sharply in July. Although exports remain a bright spot, analysts don't expect overseas sales to accelerate enough to prevent U.S. economic growth from slowing in the second half of this year.
85. How the Playbook Failed for ‘Quant' Hedge Funds
- Monday, August 27, 2007
The managers of "quantitative" hedge funds that got roiled in this summer's stock-market selloff didn't gather after work to drink beer and swap trading ideas. But they might as well have.
A number of quant funds, which use statistical models to find winning trading strategies, reported heavy losses this month. In many cases, the managers pointed their fingers at other quantitative hedge funds, essentially saying they all owned many of the same stocks and their models told them all to sell at the same time, driving down the share prices, hurting everyone in the process.
86. Beazer Homes Tries To Weather Housing Slowdown Storm
- Thursday, August 23, 2007
When oh when, executives probably are wondering over at Beazer Homes USA Inc., will things get back to normal?
In one sense, the recent performance of the sixth-largest home-building company in the nation has mirrored that of other home builders, hammered by the subprime loan fallout that's weakening investor confidence in the housing market. But over at Atlanta-based Beazer, which significantly downsized its Memphis presence last year, things have been especially bad of late, at least on a national scale.
87. Financial Planners Take Guesswork Out of Divorce
- Monday, July 02, 2007
Jim Whitehead has been a financial planner for the past five years, helping clients manage their retirement, their wealth, their estates, their children's college funds - pretty much their entire financial pictures.
88. Nearly Transformed
- Tuesday, February 06, 2007
The transformation has taken several years, been kept on track with the cooperation of the public and private sectors and will have required an investment of more than $200 million once it's all said and done.
89. Beware of Blogs: Entries Admissible in Court without Warrant
- Thursday, May 25, 2006
Most lawyers don't have time to surf the Internet at work, much less post information on blogs. However, these cyber journals can be handy for finding information on a variety of legal topics.
About 8 million people have created blogs and 32 million read them, according to the Pew Internet & American Life Project, a 2005 nationwide survey.
90. Cordova Woman to Open Doggone Web-based Pet Supply Business
- Wednesday, April 19, 2006
Don't be thrown by the whimsical name of Cordova resident Karen Grider's Web site, www.diddlydangit.com, which she's putting together as a way to sell hard-to-find pet supplies for dogs.
Chances are, if you stumble across the site once Grider gets it up and running, you're already part of that special breed of dog owner whose tools of the trade are things like whistles and herding-sticks. You might already be working with an agile border collie that can sprint and herd sheep like a pro.
91. Speed Gets Swift Nod as Shareholder in Firm's Memphis Office
- Wednesday, February 15, 2006
Lea Hall Speed has been named shareholder for Baker, Donelson, Bearman, Caldwell & Berkowitz PC's Memphis office. Speed is a member of the Intellectual Property Practice Group and an active member of the Tennessee Bar Association's intellectual property section.
92. Archived Article: Newsmakers
- Wednesday, December 01, 2004
Crye-Leike CEO Named Secretary of International Organization
New Assistant District Attorneys Appointed
Shelby County District Attorney Bill Gibbons announced the reappointment of former assistant district attorney Ray Lepone and the appointme...
93. Archived Article: Trends Focus
- Monday, August 02, 2004
Collierville Faces Growth With Strict Standards
The Daily News
Collierville officials view the bustling East Memphis suburb as an emerging island of commercial development, easily distinguished in its look and plan...
94. Archived Article: Daily Digest
- Tuesday, February 03, 2004
International Paper Reports Fourth-Quarter and Full-Year 2003 Earnings
IP Sees 2003 Profit
After 2002 Loss
International Paper has reported 2003 fourth quarter net earnings of $48 million, compared with a net loss of $130 million in fourth ...
95. Archived Article: Market Briefs
- Monday, April 21, 2003
Shelby County Mayor A C Wharton is scheduled to discuss his county growth and development management plan today when he meets
Shelby County Mayor A C Wharton is scheduled to discuss his county growth and development management plan today when he ...
96. Archived Article: Real Briefs
- Tuesday, October 15, 2002
The next Memphis Area Association of Realtors luncheon is Wednesday at the Memphis Area Home Builders Association, 776 N
The next Memphis Area Association of Realtors luncheon is Wednesday at the Memphis Area Home Builders Association, 776 N. Ger...
97. Archived Article: Tech Briefs
- Wednesday, June 05, 2002
Verizon Wireless marked its first anniversary of its Southaven retail store at 1055 Goodman Road, Suite I, with a $500 donatio Verizon Wireless marked its first anniversary of its Southaven retail store at 1055 Goodman Road, Suite I, with a $500 don...
98. Archived Article: Co-yo (lead)
- Monday, April 08, 2002
By JENNIFER MURLEY Pie factory faces fate in crumbling market By JENNIFER MURLEY The Daily News A dilapidated warehouse long included in the eclectic fabric of a historic Midtown neighborhood is now for sale and facing an uncertain fate, after year-...
99. Archived Article: Calendar
- Monday, January 28, 2002
Calendar of events Jan Calendar of events Jan. 28-Feb. 3 Jan. 28 YMCA hosts beginner Spanish classes for adults at the East Memphis location, 5959 Park Ave. Classes, which run through April 14, are from 5:30 p.m. to 7:30 p.m. Monday, and cost $130 f...
100. Archived Article: Standout
- Friday, January 25, 2002
A true professional A true professional By MARY DANDO The Daily News Ruth Ann Hale is the medias media person. The Raleigh-Egypt High School graduate and University of Memphis alumnus knows Memphis and is recognized as a true professional in her fie...