Editorial Results (free)
1. Tigers Prepare for Cincinnati Without Cronin
- Thursday, January 15, 2015
Every team has its adversities. For the University of Cincinnati Bearcats, there’s a big one: playing this season without head coach Mick Cronin on the sideline.
Cronin has a non-life-threatening vascular condition known as arterial dissection and won’t coach again this season, though he’s remaining involved in an advisory capacity. When the Bearcats (11-4, 2-1 in the American Athletic Conference) play the University of Memphis in a 6 p.m. game at FedExForum on Thursday, Jan. 15, long-time associate head coach Larry Davis will be running the team.
2. Grizzlies Part of Crowded Western Conference Race
- Monday, October 27, 2014
Calling it the Wild West just doesn't do it justice anymore.
The NBA's Western Conference is brutal. It's loaded with talent. And the eight teams that make it through a gruelingly competitive regular season to reach the playoffs will only find slugging their way to the NBA Finals even more daunting.
3. UT Who? Vols-Ole Miss Game a Mirror Image of ’69
- Saturday, October 18, 2014
KNOXVILLE – Bud Ford usually had no problem wearing the orange blazer in his early days as assistant sports information director at the University of Tennessee.
Not on this day, though. It was Nov. 15, 1969.
4. Paragon Launches Small-Business Group
- Thursday, October 09, 2014
Memphis-based Paragon Bank is expanding beyond the city, thanks to its launch of a new division focused on small-business lending.
5. Surge of Hiring Cuts US Jobless Rate to 5.9 Percent
- Monday, October 06, 2014
WASHINGTON (AP) – A surge in hiring last month helped drive the nation's unemployment rate down to a six-year low of 5.9 percent – within striking distance of what economists consider a healthy level.
6. Ole Miss, Memphis Move on to Next Hurdles
- Tuesday, September 30, 2014
Before they played the game, Ole Miss coach Hugh Freeze suggested it amounted to the “Super Bowl” for the University of Memphis. But in many respects it was more of a Blooper Bowl for both teams.
7. Cohen Prevails, Incumbents Dominate
- Friday, August 08, 2014
Democratic U.S. Rep. Steve Cohen held off Thursday, Aug. 7, the most serious electoral challenge he’s faced since winning the Congressional seat in 2006, in the form of attorney Ricky E. Wilkins.
8. Tigers’ Ifedi Receives Athlon Recognition
- Saturday, July 05, 2014
University of Memphis senior defensive end Martin Ifedi has been named to Athlon Sports’ preseason American Athletic Conference first-team. He was one of five Memphis players recognized by the preseason publication.
9. Tigers’ Ifedi Receives Athlon Recognition
- Tuesday, July 01, 2014
University of Memphis senior defensive end Martin Ifedi has been named to Athlon Sports’ preseason American Athletic Conference first-team. He was one of five Memphis players recognized by the preseason publication.
10. March Building Permits Drop 35 Percent
- Wednesday, April 16, 2014
Homebuilding declined significantly in March compared to a year ago, with builders filing 35.2 percent fewer permits than last year.
Builders pulled 57 permits in March, down from 88 permits in March 2013, according to real estate information company Chandler Reports, www.chandlerreports.com. The 57 permits filed by builders in March was down from 67 permits filed in February.
11. Tigers Hang to Beat GW in NCAAs
- Saturday, March 22, 2014
RALEIGH, N.C. – Senior guard Michael Dixon Jr. once thought his college basketball career was done.
You know the story. From Big 12 Sixth Man of the Year at Missouri to being exiled after sexual assault allegations that never became more than that, never turned into actual charges.
12. Grizz Need Strong Finish for Playoff Chance
- Tuesday, March 11, 2014
Twenty games to go and, at this point, even a 13-7 finish might not be good enough to ensure the Grizzlies make the Western Conference Playoffs.
That, for the record, is how they closed the season a year ago. But this time, despite a 36-26 record going into the Tuesday, March 11, game against Portland at FedExForum, the Grizzlies still sit in ninth place.
13. Cost Crunch
- Saturday, March 08, 2014
The aftermath of the housing crash and economic recession produced a roller coaster of changes in construction costs, one with more peaks than valleys.
And local construction industry officials and homebuilders say they’re still struggling with fluctuating prices for materials.
14. Home Court Not So Sweet for Tigers
- Monday, January 20, 2014
The impossibility of an undefeated season in the American Athletic Conference was assured a couple of weeks ago with a loss to Cincinnati at FedExForum. But the Tigers’ 83-73 loss to Connecticut here on Thursday, Jan. 16, was historic.
15. Fewer Reservations
- Monday, December 30, 2013
The Memphis hotel market is being classified as somewhat sluggish in 2013 because of slower than anticipated convention traffic, but hotels such as the Memphis Marriott East and Downtown’s Madison Hotel reported busier second halves of the year.
16. Bipartisan Budget Agreement Nears Final Passage
- Thursday, December 19, 2013
WASHINGTON (AP) – The Senate lined up Wednesday to give final congressional approval to legislation scaling back across-the-board cuts on programs ranging from the Pentagon to the national park system, adding a late dusting of bipartisanship to a year more likely to be remembered for a partial government shutdown and near-perpetual gridlock.
17. University of Memphis Players Garner Conference Honors
- Monday, December 16, 2013
University of Memphis senior punter Tom Hornsey won the 2013 Ray Guy Award Thursday, Dec. 12, during The Home Depot College Football Awards presented by ESPN.
Hornsey also was named a member of the Walter Camp All-America second team. Hornsey is just the second Tiger to be a Walter Camp All-American. Running back DeAngelo Williams made the team in 2005. Hornsey also was named to USA Today All-America first team.
18. Survey: Fed Economic Stimulus to End in 2014
- Tuesday, December 10, 2013
The vast majority of business economists believe the Federal Reserve will begin to pull back on its massive economic stimulus program in the first three months of 2014, according to a November survey done by the National Association of Business Economists.
19. State Lease Bolsters One Commerce Square
- Wednesday, November 27, 2013
F. Scott Fitzgerald once said there were no second acts in American lives.
But One Commerce Square, the towering Downtown office building at Union Avenue and Main Street, is preparing for its third act.
20. Kroger CEO Dillon to Retire in January
- Monday, September 23, 2013
Kroger CEO David Dillon will retire from that post when the new year begins but will stay on for another year as chairman. President and Chief Operating Officer W. Rodney McMullen will step into the CEO role as part of its long-term succession plan.
21. Reunion Brings Back Tigers’ Great Unbeaten Team of ’63
- Friday, September 06, 2013
It’s ironic, really. When they were young and strong they were literally protected by body armor – helmet and pads. When they had all the time in the world, they were always measuring it in 15-minute quarters.
22. UBS Creating Nashville Hub, Adding 1,000 Jobs
- Thursday, August 29, 2013
NASHVILLE (AP) – Financial services firm UBS AG on Wednesday announced it will consolidate back office functions in Nashville, creating 1,000 jobs in the city over the next five years.
23. June Building Permits Decline From Year Ago
- Saturday, July 20, 2013
The number of permits filed by builders in June declined significantly from the same month last year.
Builders filed 60 permits in June 2013, down from 89 permits filed in June 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
24. Record Crop Insurance Payout Stirs Subsidy Debate
- Monday, March 25, 2013
DES MOINES, Iowa (AP) – Farmers will be paid a record $16 billion in crop insurance claims for 2012 because of the widespread drought, a staggering amount that has critics calling for changes to what they say is an inefficient taxpayer subsidy the government cannot afford.
25. Filling the Voids
- Saturday, February 02, 2013
Last year was a banner year for adaptive reuse projects in Midtown and Downtown.
Developers announced plans for the Sears Crosstown building, Overton Square, Hotel Chisca, James Lee House and old United Warehouse in the South Main Historic Arts District. Construction began on The Pyramid, turning it into a 220,000-square-foot mega-Bass Pro Shop Outdoor World, and Memphis in May moved into its new headquarters at 56 S. Front St., a 14,600-square-foot building that’s on the National Register of Historic Places.
26. Battling Blight
- Monday, January 07, 2013
The kickoff date to the Downtown Memphis Commission’s anti-blight initiative on April 1, 2011, is embedded in president Paul Morris’ memory.
27. Storms Improve Outlook for Mississippi River
- Friday, December 21, 2012
ST. LOUIS (AP) – A release of water from the Missouri River and recent snow and rain are offering some relief for the Mississippi River.
Though still dangerously low, the Mississippi River channel at St. Louis was roughly 12 feet deep on Thursday – up about a foot-and-a-half since Monday.
28. Dollar General’s Net Income Rises 21 Percent
- Wednesday, December 12, 2012
GOODLETTSVILLE, Tenn. (AP) – Dollar General Corp. said Tuesday that its fiscal third-quarter net income rose 21 percent, helped by strong demand for candy and snacks.
But the retailer said that while its sales over the Thanksgiving weekend and the start of the holiday shopping season were encouraging, it remains cautious about the rest of the year, noting that consumer spending remains tight.
29. Tennessee Ranks Third in Men Killing Women, Says Group
- Tuesday, November 06, 2012
NASHVILLE (AP) – A group that tracks violence across the nation says Tennessee is now third in the nation in women killed by men.
The Tennessean cited a report by the Violence Policy Center in Washington, D.C., in reporting there were at least 62 such Tennessee cases in 2010 – the latest year tabulated.
30. Decision Day
- Tuesday, November 06, 2012
The last election of 2012 will be one where questions continue to command as much attention if not more than candidates.
The polls are open Tuesday, Nov. 6, from 7 a.m. to 7 p.m.
Voters come to the polls in this election to vote in the presidential general election. That is what drives the only election cycle in which more than half of the county’s registered voters consistently show up.
31. Airports and Stock Exchange Reopen After Superstorm Sandy
- Thursday, November 01, 2012
NEW YORK (AP) – Two major airports reopened and the New York Stock Exchange got back to business Wednesday, while across the river in New Jersey, National Guardsmen rushed to feed and rescue flood victims two days after Superstorm Sandy struck.
32. Triumph Bank Turns in Another Profit
- Monday, October 15, 2012
It’s hiring, making plenty of new loans, growing its pool of assets, opening new offices – and enjoying a now long-unbroken run in profitability.
Triumph Bank’s latest quarterly numbers are in, and the result is the bank ending comfortably in the black for the 14th straight quarter. The bank in recent weeks presented its second quarter financials to shareholders. And they included raising more than $12 million in new capital, money that was used to purchase investments and for other general corporate purposes.
33. Grassroots Effort
- Thursday, October 04, 2012
Approaching the second anniversary of “New Face for an Old Broad” and the Historic Broad Avenue Business Association’s painting of its own bike lanes, the Binghampton district has seen activity increase exponentially on several fronts.
34. Middle Class Share of America's Income Shrinking
- Thursday, August 23, 2012
WASHINGTON (AP) – The middle class is receiving less of America's total income, declining to its smallest share in decades as median wages stagnate in the economic doldrums and wealth concentrates at the top.
35. EdR Announces Agreement For Penn State Community
- Tuesday, August 07, 2012
EdR, a Memphis-based developer, owner and manager of collegiate housing, has announced a $3 million mezzanine investment and an option-to-purchase agreement with Landmark Properties for The Retreat at State College, a 587-bed, cottage-style community to be built 1.2 miles from the Penn State campus.
36. US Consumers More Confident in the Economy in July
- Wednesday, August 01, 2012
NEW YORK (AP) – Americans breathed a bit easier about the economy in July, as a better outlook on short-term hiring and lower gas prices offset lingering worries about poor income growth.
37. June Home Sales Up 6 Pct.
- Monday, July 16, 2012
Much like the second quarter of the year, June’s home sales report saw increases in nearly all categories.
Shelby County home sales were up 6 percent last month, with 1,327 recorded compared to 1,247 in June 2011, according to real estate information company Chandler Reports, www.chandlerreports.com.
38. Jobs Lost to Recession Trickle Back, But Wages Lag
- Monday, May 07, 2012
WASHINGTON (AP) – U.S. job growth slumped in April for a second straight month. It suggested an economy that is growing steadily but still sluggishly, which could tighten the presidential race.
39. Court Filings Steady for First Quarter
- Monday, April 23, 2012
Filings across three of the four civil courts in Shelby County were steady for the first three months of 2012 with a new category again showing up among the top three categories in Chancery Court.
And attorneys in all courts prepared for the coming of electronic filing – or e-filing – during the second quarter in Circuit and Chancery courts.
40. Batum Leads Blazers to 97-93 Win Over Grizzlies
- Friday, March 23, 2012
PORTLAND, Ore. (AP) – This season is not a lost cause to the Portland Trail Blazers.
Nicolas Batum had 24 points and the new-look Blazers held off the Memphis Grizzlies 97-93 on Thursday night. Jamal Crawford added 17 points, including four clutch free throws in the final seconds as Portland snapped a two-game skid to even to 2-2 under interim head coach Kaleb Canales.
41. Wal-Mart's Q4 Results Show Rebounding US Business
- Wednesday, February 22, 2012
NEW YORK (AP) – Wal-Mart Stores Inc.'s business offers valuable insight into how Americans are reacting in the slow economic recovery: they will spend, but only if they believe they're getting the lowest prices.
42. Will Barton Leads Memphis Past Tulane 82-64
- Thursday, February 16, 2012
NEW ORLEANS (AP) – Memphis guard Will Barton noticed the excitement building in Tulane's cozy Fogelman Arena when the Green Wave took a second-half lead, and he decided it was time to make up for his slow start on the offensive end.
43. New Category Highlights Q4 Chancery Cases
- Monday, January 23, 2012
Court filings in the last three months of 2011 showed a new category of cases in Chancery Court.
Delinquent tax collection filings were the second highest category for the three divisions of Chancery Court in the fourth quarter as measured by The Daily News Online, www.memphisdailynews.com.
44. Land South of Shelby Forest Sells for $2.3 Million
- Tuesday, December 06, 2011
Near Shelby Forest Park
Sale Amount: $2.3 million
Sale Date: Nov. 17, 2011
Buyer: Warren Nickolas Nunn
Seller: Estate of William S. Howard Sr.
Loan Amount: $2.5 million
Loan Date: Nov. 18, 2011
Maturity Date: n/a
Lender: Patriot Bank
Details: Warren Nickolas Nunn has bought several large parcels of vacant land from the estate of William S. Howard Sr. for $2.3 million, financing it with a $2.5 million loan through Patriot Bank.
45. 401(k) Matches Restored by 75 Percent of Companies
- Thursday, November 03, 2011
DES MOINES, Iowa (AP) – Most of the companies that either suspended or reduced their 401(k) matches during the economic downturn have reinstated them, business consultant Towers Watson said in a study released Wednesday.
46. Senate Unveils Next Piece of Obama Jobs Bill
- Monday, October 24, 2011
WASHINGTON (AP) – President Barack Obama's allies in the Senate on Friday unveiled the next piece of his failed $447 billion jobs measure to get a vote in the Senate: an almost $70 investment in infrastructure projects such as roads and bridges.
47. Gannett Reports Lower 2nd-Quarter Earnings
- Tuesday, July 19, 2011
NEW YORK (AP) – Increases in digital and broadcast revenue were not enough to make up for the ongoing decline in Gannett Co.'s newspaper business, leading the publisher of USA Today to report a more than 22 percent drop in its second-quarter net income.
48. Drug Stops HIV Among Hetero Couples, Not Just Gays
- Thursday, July 14, 2011
ATLANTA (AP) – An AIDS drug already shown to help prevent spread of the virus in gay men also works for heterosexual men and women, two studies in Africa found. Experts called it a breakthrough for the continent that has suffered most from AIDS.
49. Home Sales Decline in Fayette, Tipton Counties
- Thursday, July 14, 2011
While home sales in both Tipton and Fayette counties took hits in the second quarter – down 11.9 percent and 6.4 percent, respectively, compared to the same period last year – each area also boasted improvements compared to the first quarter, which is promising for local experts.
50. Walgreen Says it Will Split With Express Scripts
- Wednesday, June 22, 2011
NEW YORK (AP) – Walgreen Co. said that it is willing to walk away from more than $5 billion in annual revenue because pharmacy benefits manager Express Scripts doesn't pay it enough to fill prescriptions.
51. Lynnfield Place Apartments Sell for $22.4 Million
- Tuesday, June 21, 2011
1400 Lynnfield Road
Memphis, TN 38119
Sale Amount: $22.4 million
Sale Date: June 14, 2011
Buyer: Lynnfield Holdings LLC
Seller: Lynnfield Place Tennessee LLC
Details: Lynnfield Place Apartments, on the east side of Lynnfield Road about halfway between Park Avenue to the north and Quince Road to the south, has sold for $22.4 million.
52. Madison Office Building Sells for $1 Million
- Thursday, June 16, 2011
158 Madison LLC, a Tennessee limited liability company with a mailing address in Abbotsford, British Columbia, has bought a five-story vacant office building at 158 Madison Ave. from Centennial, Colo.-based CHITI LLC.
Built in 1961, the 62,377-square-foot Class C building is on 0.3 acres at the northeast corner of Madison Avenue and an alleyway between North Second and North Third streets to the west and east.
CHITI LLC bought the property in December for $695,000. The Shelby County Assessor of Property’s 2011 appraisal is $1.3 million. No financing documents were filed at the time of sale.
53. As Ticket Prices Have Risen, So Have Some Bag Fees
- Friday, April 01, 2011
NEW YORK (AP) – While higher airfares are grabbing travelers' attention, airlines have also quietly been raising their fees for checked bags.
Some airlines have added a $30 fee for a second checked bag on international flights, or raised existing fees by $5 to $10. Others are charging significantly more – sometimes double – for overweight or oversized bags.
54. Foreclosures Made Up 25 Pct of US Home Sales in Q3
- Friday, December 03, 2010
LOS ANGELES (AP) – The worst summer for home sales in decades also put a chill on foreclosure sales, even as the average discounts on the distressed properties got bigger compared with other types of homes.
55. Kuhn’s Legal Career Veers to Airport
- Thursday, October 21, 2010
The legal profession is somewhat of a family business for Brian Kuhn, recently retired Shelby County attorney and newly appointed legal counsel for the Memphis-Shelby County Airport Authority.
56. Gov't Looking at 62 mpg Goal for 2025 Autos
- Monday, October 04, 2010
WASHINGTON (AP) – The new cars and trucks sold in 2025 may be required to average 62 miles per gallon as a group, far surpassing the fuel efficiency of current high-mileage stars like the Toyota Prius and Honda Civic hybrids.
57. It's Either Haley's Comet to 2012 or GOP Kingmaker
- Monday, July 12, 2010
BOSTON (AP) — Hurricane Katrina curtailed Mississippi Gov. Haley Barbour's presidential aspirations last time around. His response to the devastation from the Gulf oil spill and his work to elect Republican governors this year are stirring talk of a White House bid in 2012.
58. Kohl's Q1 Net Income Rises on Higher Revenue
- Friday, May 14, 2010
NEW YORK (AP) — Department store operator Kohl's Corp.'s first-quarter net income rose 45 percent as shoppers spent more at its stores, particularly for shoes and home goods. But the company's CEO said that consumers' buying remains below what it was before the Great Recession.
59. Senate Passes Jobless Aid, Business Tax Breaks
- Thursday, March 11, 2010
WASHINGTON (AP) - The Senate voted Wednesday to extend a host of soon-to-expire elements of last year's economic stimulus measure, including help for the jobless and money to help financially strapped states pay for health care for the poor.
60. Stores Expected to Show Jan. Sales Figure Up 1 Pct
- Thursday, February 04, 2010
NEW YORK (AP) - Retailers elated by stronger-than-expected holiday sales are expected to report Thursday that they saw an unintended consequence in January: sales up only 1 percent from last year by one measure.
61. Upswing in Motion
- Monday, January 25, 2010
When mortgage numbers reach historic lows – as they have in Shelby County during the past two years – any improvement, however small, should be viewed as positive.
The commercial lending industry indeed received a rare dose of good news in December with a bump in commercial purchase mortgage activity, as opposed to refinances.
62. Conwood Acquisition Helps Salvage November Commercial Sales
- Thursday, December 24, 2009
A single, high-dollar transaction helped salvage November’s commercial sales total, accounting for half of the dollar volume last month. Beyond that, the most noteworthy trend to arise from the most recent data was a dearth of activity as Shelby County nears the end of 2009 – the slowest year for commercial transactions in at least two decades.
63. Apartments Could Fill Former Mongo Nightclub Space
- Friday, December 11, 2009
Downtown officials soon might be able to scratch a cluster of properties on Cotton Row off the area’s list of Big Empties.
Joe Sinkovich wants to turn the three buildings at 56, 60 and 62 Front St. that once housed the Prince Mongo’s Planet nightclub into space for 23 apartments and 12,000 square feet of street-level commercial space. That commercial usage would include a roughly 5,000-square-foot pizza restaurant on the ground floor of 60 South Front that seats about 150 people, according to plans Sinkovich has filed with the Center City Development Corp.
64. High-Dollar Deal Boosts Commercial Real Estate
- Tuesday, October 27, 2009
Following what has become a pattern, the local commercial real estate market in September was salvaged by one large deal that offset an otherwise dreary month.
This time it was Resource Real Estate Inc. to the rescue. The Philadelphia-based company bought the Wyndridge Apartments for $9.5 million Sept. 29 and carried the weight for Shelby County’s commercial activity during the month.
65. Racquet Club Undergoes Transformation
- Monday, October 26, 2009
When the world’s best tennis players step off the red carpet and into The Racquet Club of Memphis for the men’s Regions Morgan Keegan Championships and the women’s Cellular South Cup in February, they might not recognize the place.
66. CIT Group Says CEO Peek Plans to Resign
- Wednesday, October 14, 2009
NEW YORK (AP) - CIT Group Inc., struggling as it continues efforts to restructure its debt, said Tuesday chairman and CEO Jeffrey M. Peek will resign at the end of the year.
67. New US Home Sales Rise 0.7 Percent in August
- Monday, September 28, 2009
WASHINGTON (AP) – New U.S. home sales posted a tepid 0.7 percent increase last month, missing Wall Street expectations and providing more evidence that housing market recovery remains tentative.
68. Owners Serious About Kick-Starting Troubled Subdivision
- Monday, September 14, 2009
The Vinings at Germantown, a 63-lot development off Winchester Road, appears poised to close the book on a checkered past that includes several ownership groups and a litany of financial woes.
The 32-acre subdivision seemed doomed from its earliest stages when developer Levitt and Sons filed for bankruptcy in 2007. Then its second owner, The Hyneman Cos. LLC – led by developer William “Rusty” Hyneman – sold the property soon after buying it in December 2007 for a little less than $10 million.
69. Braking Point: Inside MATA's identity crisis
- Monday, August 24, 2009
The bus system in Memphis has an undeserved “mythology,” according to the people who run it. However, some who ride Memphis Area Transit Authority buses everyday – and many who don’t – contend the system is far from perfect.
70. Gardens of Germantown Secures Funding to Build Alzheimer’s Facility
- Tuesday, August 04, 2009
3179 Professional Plaza
Germantown, TN 38138
Loan Amount: $8 Million
Loan Date: July 16, 2009
Maturity Date: Aug. 1, 2050
Borrower: Gardens of Germantown LLC
Lender: Deutsche Bank Berkshire Mortgage Inc.
Details: The developer of an Alzheimer’s facility called the Gardens of Germantown has filed an $8 million construction loan through Deutsche Bank Berkshire Mortgage Inc.
71. Humana Q2 Profit Jumps 34 Percent as Premiums Rise
- Tuesday, August 04, 2009
LOUISVILLE, Ky. (AP) - Health insurer Humana Inc. said Monday its second-quarter profit rose 34 percent on the strength its robust government business, led by Medicare Advantage offerings, easily offsetting a sluggish commercial segment hamstrung by the recession.
72. Consumer Confidence Falls Further in July
- Wednesday, July 29, 2009
Americans’ confidence in the economy eroded further in July as worries about job security offset any enthusiasm about the resumed stock market rally that has helped bolster retirement accounts.
The souring outlook presents yet another obstacle for stores’ critical back-to-school season.
73. GM Q2 Global Sales Fall 15 Pct Amid Weak Economy
- Thursday, July 23, 2009
DETROIT (AP) - Although General Motors' North American sales dropped sharply last quarter as it headed into U.S. bankruptcy protection, strong growth in its Asia-Pacific region offset much of the decline, and the automaker ended up with global sales down 15 percent for the quarter.
74. AP Source: DirecTV CEO in Talks to Join News Corp.
- Tuesday, June 02, 2009
The chief executive of DirecTV Group Inc. is in talks to return to News Corp. to be Rupert Murdoch's second in command.
75. Stimulus to Relieve MED Money Woes
- Thursday, March 26, 2009
The Regional Medical Center at Memphis, which laid off 88 employees this week, apparently won’t have to shut its doors later this year because federal stimulus money will offset some state funding cutbacks.
76. Citigroup Nominates New Independent Directors
- Tuesday, March 17, 2009
Citigroup has nominated four new independent directors – including two former bank chief executives and two other financial experts – to stand for election at its annual meeting in April.
The announcement Monday comes as part of a continuing shuffling of the troubled bank’s board. Its shares climbed more than 30 percent.
Investors have long criticized Citigroup’s board for allowing the bank to make so many investments in the risky housing market – actions that have led to the bank reporting five straight quarterly losses.
Richard Parsons, who took over as chairman last month, has said he planned to look for people with proven business judgment and experience in the financial sector to replace retiring directors overseeing the company.
The board currently has 15 directors, three of whom previously announced they will not stand for re-election and two of whom will be of retirement age by the time of the shareholder meeting.
The candidates are Jerry A. Grundhofer, Michael E. O’Neill, Anthony M. Santomero and William S. Thompson Jr.
Grundhofer, 64, is chairman emeritus and former chairman and CEO of U.S. Bancorp; O’Neill, 62, is former chairman and CEO of Bank of Hawaii; Santomero, 62, most recently served as a senior adviser at McKinsey & Co. and is the former president of the Federal Reserve Bank of Philadelphia; and Thompson, 63, is the former CEO of bond investment manager Pimco.
With the election of the four candidates, Citigroup would have 14 board members. The bank says the board also will consider future additions.
Parsons, the former head of Time Warner Inc., is one of the few Citigroup directors with experience in banking and leading a large company. Before joining Time Warner in 1995, Parsons served as chairman and CEO of Dime Bancorp Inc., one of the largest U.S. thrift institutions. Parsons also was an economic adviser on President Barack Obama’s transition team.
The three directors who have already announced they will depart from the board are Roberto Hernandez Ramirez, the chairman of Citi’s Mexican banking operations; Robert Rubin, a former U.S. Treasury secretary who was a longtime Citigroup board member; and Win Bischoff, most recently chairman at Citigroup. Ramirez said he will not stay on the board beyond his current term, while both Rubin and Bischoff have announced their retirement from the bank.
After suffering a loss of $8.29 billion in the fourth quarter, Citigroup announced it would reorganize into two units, Citicorp and Citi Holdings. The first will focus on traditional banking, while the second will hold the company’s riskier assets and tougher-to-manage ventures. In addition to receiving billions in government support, plus federal guarantees to cover losses on risky investments, the New York-based bank has agreed with the Treasury Department on a deal giving the government up to a 36 percent stake....
77. Racquet Club’s New Owners Prepare For Tournaments
- Thursday, January 29, 2009
Doug Carpenter and Brian Sullivan got their start with the Regions Morgan Keegan Championships years ago as ball boys who scrambled across the court during matches to help the world’s best tennis players.
78. Keller Williams Set to Expand in Memphis
- Wednesday, January 28, 2009
At a time when real estate companies everywhere are closing offices and agents are abandoning the profession, Keller Williams Realty is expanding.
79. Casino Industry’s Luck Has Run Out
- Thursday, December 18, 2008
ATLANTIC CITY, N.J. (AP) – Juan Jimenez’s job at the casino wasn’t the most glamorous one in the place.
80. Waste Management Q3 Profit Rises Nearly 12 Pct
- Friday, October 31, 2008
Waste Management Inc., the nation's largest trash hauler, said Thursday its third-quarter profit rose nearly 12 percent, helped by higher revenue in its recycling business and fuel surcharges.
81. Cohen, Blackburn Lead Local Election Winners
- Monday, August 11, 2008
More than half and possibly as much as 75 percent of Shelby County’s nearly 626,000 voters are expected to turn out for the Nov. 4 election that will be highlighted by the John McCain-Barack Obama battle for the White House.
82. Cohen Crushes Tinker - Jackson Upsets Turner - Charter Changes Pass-Fail
- Friday, August 08, 2008
Democratic Congressman Steve Cohen was the big winner in Thursday’s primary elections. Cohen, with 80 percent of the vote, crushed challenger Nikki Tinker in the hard fought 9th District Democratic primary.
The upset of the evening was the general election contest for General Sessions Court Clerk where Democratic challenger Otis Jackson beat Republican incumbent Chris Turner.
And only one of two sets of Shelby County charter amendments on the ballot were approved by voters.
Voter turnout was just under 16 percent in Shelby County. Voter turnout was clearly driven by the 9th District Democratic primary. More people voted in that primary which covers most but not all of Shelby County than voted countywide in the state Democratic primary for the U.S. Senate. Turnout in the Democratic primaries was twice that of the Republican primaries in Shelby County.
All results are unofficial pending audit and certification by the Shelby County Election Commission and Tennessee election officials
9th Congressional District
Steve Cohen 50,284 79%
Nikki Tinker 11,814 19%
Joe Towns Jr. 914 1%
Not even close. Cohen won the primary for the open all Shelby County seat two years ago by 4,400 votes over Tinker and 13 other candidates. This time around he was the incumbent and Tinker’s challenge was more strident with a pair of controversial attack ads in the gap between the end of early voting and election day. Both were probably factors in the vote totals along with a smaller field of five candidates.
Cohen faces independent candidate Jake Ford in the Nov. 4 general election.
7th Congressional District
248 of 265 precincts reporting
Marsha Blackburn 29,158 65%
Tom Leatherwood 15,636 35%
These are the results district wide which includes not only the eastern part of Shelby County but a strip of Middle Tennessee up to the Kentucky state line. In Shelby County’s part of the 7th district, Leatherwood beat Blackburn with 62 percent of the vote. But it was 62 percent of just over 19,000 votes. Outside Shelby County it was always going to be difficult for Leatherwood.. The low voter turnout in Collierville and other eastern parts of the county made Leatherwood’s task impossible.
Blackburn faces Democrat Randy G. Morris on the Nov. 4 ballot.
Shelby County Charter Amendment #360
Yes 49,506 49.73%
No 50,043 50,27%
Closest contest of the night in Shelby County with a 537 vote margin and the highest turnout with 99,549 votes total.
This set of charter changes was to fix a legal problem noted in a recent Tennessee Supreme Court ruling. Another part of the package deal was increasing term limits for the county mayor and the county commission from two consecutive four year terms approved by voters in 1994 to three consecutive four year terms. The County Commission meets Monday to ponder whether it should offer another charter amendment on the Nov. 4 ballot that would fix the legal problem.
Shelby County Charter Amendment #361
Yes 65,548 68%
No 30,188 32%
This set of charter amendment includes provisions for recalling elected officials. It also establishes a new method for filling a vacancy in the office of County Mayor.
General Sessions Court Clerk
Otis Jackson 51,438 52%
Chris Turner 43,971 45%
The upset of the evening. Turner, the Republican nominee and the incumbent was seeking a fourth term. Jackson, the Democratic nominee, was making his fourth bid for county-wide office after coming close in a 2006 bid for County Clerk.
Paul Mattila 54,734 57%
Ray Butler 29,977 31%
Mattila beats Butler in a race featuring an energetic and misleading campaign by M. LaTroy Williams in which Williams billed himself as the “real Democrat.” He was, in fact, an independent candidate garnering 8 percent of the vote. Mattila fills the remaining two years left in the term of office of the late Bob Patterson, a Republican. Mattila, a Democrat, worked with Patterson. Butler, the Republican, was also a friend of Patterson’s and the race amounted to who would best continue to operate the office as Patterson did.
Criminal Court Judge Div. 6
John Fowlkes 44,581 52%
Latonya Burrow 21,874 26%
Michael G. Floyd 12,071 14%
Claiborne H. Ferguson 6,240 7%
Fowlkes serves out the remaining six years left of the eight year term of office of Fred Axley who resigned from the bench shortly after winning re-election in 2006. Burrow finished a close second to Axley two years ago and again ran an energetic campaign this time around. But Fowlkes status in the legal community and his appointment to the bench by Gov. Phil Bredesen proved to be the advantage.
Assessor of Property
Cheyenne Johnson 59,637 60%
Bill Giannini 39,057 40%
Johnson, the Democratic nominee, easily beat Giannini, who is also doubling as local GOP chairman. Local Democrats keep the county-wide position in their column as voters go for the candidate endorsed by outgoing Democratic incumbent Rita Clark.
2,192 of 2,290 precincts reporting
Bob Tuke 54,613 32%
Gary G. Davis 37,193 22%
Mike Padgett 32,190 19%
Mark Clayton 30,359 18%
Kenneth Eaton 13,718 8%
Leonard Ladner 4,431 3%
These are the statewide results. Tuke got 42 percent of the Shelby County vote with Clayton finishing second. Tuke, the former state Democratic Party chairman, faces Republican incumbent Lamar Alexander, one of the most successful politicians in the history of the state, in the Nov. 4 general election.
Judicial Retention Races
All seven state appellate court judges, including two Tennessee Supreme Court justices, won their yes/no contests on the ballot across the state. That includes Tennessee Criminal Appeals Court Judge Camille McMullen of Millington who was just appointed to the bench in June by Gov. Phil Bredesen.
The Associated Press contributed to this story....
83. Building Permits Down 72 Percent in Q2
- Wednesday, July 16, 2008
If the county’s new subdivisions sound quieter than usual – free from the cacophony of summer construction – look no further than the most recent data showing how housing starts have come to a screeching halt.
84. March Foreclosure Filings Soar 57 Percent
- Wednesday, April 16, 2008
The onslaught of homes facing foreclosures has yet to ebb, a research report showed Tuesday, with bank repossessions skyrocketing last month as more troubled homeowners mailed in their keys and walked away.
85. Group Banks on Oakland With Condo Development
- Friday, March 21, 2008
Four businessmen have pooled their talents and resources into a $38 million condominium development in Oakland, one of the fastest-growing communities in the Mid-South.
SWAN Development Group LLC - whose name comes from the initials of principals Steve Ehrhart, Bill McWaters (borrowing the "W" from McWaters), Arnie Birmingham and Nick Jebbia - has launched Phase I of the Villas at Fair Oaks (www.thevillasatfairoaks.com).
86. Home Sales ContinueTo Fizzle in February
- Friday, March 07, 2008
The second month of 2008 proved to be a difficult one for residential housing in Shelby County as home sales slid 15.6 percent from the same month last year, according to the latest data from real estate information comp
87. Retirement Survey Finds Confidence Crisis Among Middle-Aged
- Tuesday, November 13, 2007
NEW YORK (Dow Jones/AP) - Many middle-aged and older adults in the United States, Europe and Asia have serious concerns about their preparedness for retirement, but haven't taken action for a variety of reasons, including a lack of confidence in their financial-planning abilities, according to a new survey.
88. Commercial Real Estate Hangs Tight
- Friday, August 31, 2007
The nation's residential housing market may be sinking, but commercial real estate in Memphis has remained afloat.
The city's office sector received a positive checkup for the second quarter of the year as outlined in "2Q 2007 Memphis Office MarketView Report," released this month by the local office of CB Richard Ellis (CBRE).
89. Archived Article
- Tuesday, August 28, 2007
Sale Amount: $15.4 million
Sale Date: Aug. 10, 2007
Buyer: MCW-RD Collierville Crossing LLC
90. Bowling for Soup
- Tuesday, April 24, 2007
Through the end of this week, the city of Memphis is evaluating proposals from consulting firms that can offer a second opinion on Mayor Willie Herenton's most recent headline-grabbing pet project.
91. AmSouth to Sell52 Bank Branches
- Monday, October 23, 2006
Birmingham, Ala.-based AmSouth Bancorp. plans to sell 52 of its branches in Tennessee, Mississippi and Alabama to comply with antitrust requirements related to its pending merger with Regions Financial Corp., AmSouth off
92. Archived Article
- Tuesday, August 01, 2006
Loan Amount: $15 million
Loan Date: July 18, 2006
Maturity Date: Aug. 31, 2007
93. Just Say No to Payments
- Friday, July 21, 2006
Shelby County is experiencing a continued downward trend in the number of mortgages filed during the second quarter 2006, according to The Daily News Online, www.memphisdailynews.com.
However, some area real estate professionals say they think improvements in technology eventually could help the market rebound.
94. Growth Spurts Aren't Just for Kids
- Monday, June 12, 2006
Cordova could have some big-league sports development in its future.
Gameday Sports Academy, an entertainment and athletic training facility, is organizing investors for a $50 million expansion to be called the Gameday Sportsplex.
95. Home Sales See Another Banner Year
- Friday, December 30, 2005
When the Memphis market began setting home sales records around 2003, local analysts predicted the strong activity would not be sustained. But then, sales activity kept pace for another record year in 2004 and stayed on track for yet another in 2005.
96. Archived Article: Daily Digest
- Monday, November 08, 2004
Wolf Trail Cove Land
Wolf Trail Cove Land
Financed for $3.6 Million
Wolf Trail Cove LLC has financed 1.96 acres near Germantown Parkway and Wolf Trail Cove in the Blair James Commercial Subdivision for $3.6 million, according to The Daily N...
97. Archived Article: Ce Ware (lead)
- Wednesday, July 21, 2004
Senior Living Facility Coming to South Memphis
Senior Facility Adds to Housing Options
South Memphis group plans second independent living complex
The Daily News
As the population ages, the need for new housing options is ...
98. Archived Article: Multifam (lead)
- Thursday, June 03, 2004
The Living is Easy Downtown
In Downtown Memphis, the Living is Easy
Myriad housing options bring more residents Downtown
The Daily News
It wasnt all that long ago that when someone asked, Whats available in Downtown livin...
99. Archived Article: Main (lead)
- Monday, April 19, 2004
Downtown Readies for Blocks Rebirth
Two more historic buildings will offer mix of new uses
The Daily News
Last week, an important step was taken in the continued quest to re-establish Downtowns Main Street as a cente...
100. Archived Article: Autozone (lead)
- Wednesday, May 21, 2003
AutoZone adds to retail corridors with two new stores
AutoZone adds to retail corridors with two new stores
By STACEY WIEDOWER
The Daily News
AutoZone is expanding its presence in the Mid-South with two new stores opening within weeks of...