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Editorial Results (free)

1. Industrial Portfolio Sells for $43 Million -

4550 Swinnea Road6005 Freeport Ave., 3399 E. Raines Road
Memphis, TN
Sale Amounts: $10.1 million; $14.8 million; $18 million

2. Industrial Portfolio Sells for $43 Million -

Affiliates of Plymouth Meeting, Pa.-based Exeter Property Group have paid a combined $42.9 million for a Memphis industrial portfolio.

The companies, in three separate special warranty deeds, bought the Memphis International Distribution Center at 4550 Swinnea Road in Oakhaven for $10.1 million, the warehouse at 6005 Freeport Avenue for $14.8 million and the warehouse at 3399 E. Raines Road for $18 million.

3. Tennessee House Votes to Delay Common Core Standards -

NASHVILLE (AP) – A proposal to delay further implementation of the state's Common Core standards was approved in the House on Thursday, even though Republican Gov. Bill Haslam has called them key to Tennessee students' improvement.

4. Presidents Island Property Sells for $1.1 Million -

2269 Channel Ave.
Memphis, TN 38106
Sale Amount: $1.1 million

Sale Date: July 15, 2013
Buyer: CHS Inc.
Seller: Holcim (U.S.) Inc.

5. Jack Lew Expected to be Next Treasury Secretary -

WASHINGTON (AP) – White House chief of staff Jack Lew is President Barack Obama's expected pick to lead the Treasury Department, with an announcement possible before the end of the week, as the administration moves to fill the most critical jobs in the Cabinet.

6. Hill Brothers First to Serve Together in House -

NASHVILLE (AP) – The Tennessee House for the first time has two brothers serving at the same time.

Freshman Rep. Timothy Hill of Blountville on Tuesday joined his brother and fellow Republican Rep. Matthew Hill of Jonesborough in the lower chamber of the General Assembly.

7. Obama Seeks to Put Personal Touch on Cliff Talks -

FALLS CHURCH, Va. (AP) – President Barack Obama, trying to put a personal touch on "fiscal cliff" negotiations, visited a northern Virginia family's basement apartment Thursday to press his hardline on tax rate increases for the wealthy.

8. Smith Named Vice Prez At S. Webster Haining -

Doug Smith has been named vice president, administrative operations, at S. Webster Haining & Co.

9. Obama Picks Fight on Taxes, Big or Just Symbolic -

WASHINGTON (AP) – President Barack Obama is renewing an old fight with the business community by insisting that $400 billion in tax increases be part of a deficit-reduction package. His proposals have languished on Capitol Hill, repeatedly blocked by Republicans, often with help from Democrats.

10. White House: Limit Gov't Backing of Mortgages -

WASHINGTON (AP) – The Obama administration laid out three broad options Friday for reducing the government's role in the mortgage market. All three would almost certainly lead to higher interest rates and costs for borrowers.

11. Generous Tax Breaks Make Tax Reform Difficult -

WASHINGTON (AP) – Nine in 10 Americans will find the maze of credits, deductions and exemptions on their tax forms so confusing and difficult that they'll hire someone or turn to special computer software to fill out their returns. Even the commissioner of the Internal Revenue Service says he pays someone to do his taxes.

12. Mainstream Events Launches Biz With ‘Battle for a Cure’ -

Any contest billed as a “battle of the bands” tends to attract throngs of people who want to see how their favorite musical group stacks up to the competition.

Because large crowds flock to these events – and have done so for generations – Kasey Smothers of Mainstream Events LLC thought it would be a good way to raise money for the Mid-South Chapter of the National Multiple Sclerosis Society.

13. Banking Execs Say Gov't Needs to Back Mortgages -

WASHINGTON (AP) – The Obama administration invited banking executives Tuesday to offer advice on changing the government's role in the mortgage market. Their response: stay big.

While the executives disagreed on the exact level of support needed, the group overwhelmingly advocated the government should maintain a large role propping up the nearly $11 trillion market.

14. Exchanges Agree in Principle to New Rules -

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.

15. State’s Nuisance Law Helps Nab Three Memphis Cops -

Three Memphis police officers could be indicted by a federal grand jury as early as today on conspiracy, bribery and extortion charges.

Timothy Green, Christopher Crawford and Michael Young were arrested Friday and charged in a complaint.

16. Fed Looking Into Insurance Contracts on Greek Debt -

WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke told lawmakers Thursday that the central bank is examining arrangements Goldman Sachs and other Wall Street firms have with Greece involving high-risk financial instruments.

17. Obama: Jobs Plan Will 'Jump-Start' Hiring -

ALLENTOWN, Pa. (AP) - Even as he trumpeted a slowdown in the nation's job losses Friday, President Barack Obama put finishing touches on a proposal he'll unveil next week to "jump-start" business hiring across America.

18. Geithner: Some Bailout Funds to Help Lower Debt -

WASHINGTON (AP) - U.S. Treasury Secretary Timothy Geithner said Thursday the government's $700 billion bailout program will end "as soon as we can," and that part of it will be used to lower the soaring federal debt.

19. Senate Bill Could Weaken the Fed -

WASHINGTON (AP) - Consensus is building in the Senate for legislation that would significantly weaken the Federal Reserve by stripping its power to oversee banks and hand that job to a single federal bank regulator.

20. Senate Questions Obama's Financial Oversight Plan -

WASHINGTON (AP) - President Barack Obama's plan to increase oversight of U.S. banks and other financial institutions met with skepticism on Capitol Hill on Thursday, where senators sharply questioned whether it was enough to prevent another economic meltdown.

21. Bailout Redux: Repaid Money Could Go Back to Banks -

NEW YORK (AP) - After acing their "stress tests," some big banks are rushing to raise capital and return billions in federal bailout money. But don't expect it to replenish government coffers.

22. 13 Firms Receiving Federal Bailout Owe Back Taxes -

WASHINGTON (AP) – At least 13 firms receiving billions of dollars in bailout money owe more than $220 million in unpaid federal taxes, a key lawmaker said Thursday.

Rep. John Lewis, D-Ga., chairman of a U.S. House subcommittee overseeing the federal bailout, said two firms owe more than $100 million apiece.

23. AIG Bonuses Won't Stand, Dem Senators Declare -

WASHINGTON (AP) - Talking tougher by the hour, livid Democrats confronted beleaguered insurance giant AIG with an ultimatum Tuesday: Give back $165 million in post-bailout bonuses or watch Congress tax it away with emergency legislation.

24. AIG Says Emergency Aid Used to Pay Other Banks -

NEW YORK (AP) - American International Group Inc. used more than $90 billion in federal aid to pay out foreign and domestic banks, some of whom had received their own multibillion-dollar U.S. government bailouts.

25. Bernanke: Recession Could End in '09 -

WASHINGTON (AP) - America's recession "probably" will end this year if the government succeeds in bolstering the banking system, Federal Reserve Chairman Ben Bernanke said.

In carefully hedged remarks in an interview with CBS' "60 Minutes," Bernanke seemed Sunday to express a bit more optimism that this could be done.

26. Layoffs Spike, Housing Rumbles; Outlook Worsens -

WASHINGTON (AP) - The number of newly laid-off Americans filing jobless claims and the pace of home construction both posted worse-than-expected results in government data released Thursday, lending urgency to the economic recovery plan President Barack Obama and Congress are scrambling to advance.

27. Bernanke: Obama Stimulus Helps, More Action Needed -

LONDON (AP) - A mammoth stimulus package being crafted by President-elect Barack Obama could give the economy a much-needed lift, but other steps must be taken to bolster the wobbly financial system and for any recovery to stick, Federal Reserve Chairman Ben Bernanke said Tuesday.

28. First Horizon Board Experiences Several Changes -

A flurry of executive changes continues to be seen at Memphis-based First Horizon National Corp.

On the heels of the company’s announcement that it has tapped William Losch, a former senior vice president and chief financial officer for General Bank at Wachovia Corp., to be the new CFO, FHN’s board recently has seen two members step down and one new person join.

29. U of M’s Bingham Elected To Board Of American Psychological Association -

Dr. Rosie Phillips Bingham, vice president for student affairs and a professor in counseling, education psychology and research at the University of Memphis, has been elected to the board of directors of the American Psychological Association.

30. Payment Errors Greater than Projected for Medicare -

WASHINGTON (AP) – A review of Medicare payments to suppliers of wheelchairs, oxygen machines and other medical equipment showed nearly three in 10 were made in error - about four times the rate previously cited by the federal government, investigators said Monday.

31. Fannie, Freddie Spent Millions On Lobbying -

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.

32. Dr. Lendel Joins Memphis Heart Clinic -

Dr. Vasili Lendel has joined Memphis Heart Clinic. Lendel is board certified in internal medicine and cardiology. A native of Siberia, Lendel received the Russian Government Award for Academic Excellence. He did his cardiology fellowship at Penn State's medical center in Hershey, Penn., where he received the Chief Cardiology Fellow award.

33. 'Preserve' Slated to Bring 400-Plus Apartments to Major Intersection -

37 acres off
Forest Hill-Irene Road
Sale Amount: $2.4 million

Sale Date: Dec. 21, 2006

Buyer: Forest Creek-Memphis LP

34. Archived Article: Memos - <rphoto> Judge Earnestine Hunt Dorse has been sworn in as the 33rd chairperson of the Judicial Council of the National Bar Ass

Judge Earnestine Hunt Dorse was sworn in as the 33rd chair of the Judicial Council of the National Bar Associatio...

35. Archived Article: Memos - Easley To Replace Georgiu As Brett Easley was appointed acting president of Alldata. Easley was formerly vice president of information and training for AutoZone. Keith Johnson was named senior vice president of the YMCA of Memphis and the Mid-South....