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Editorial Results (free)

1. Many Women Think Men are the Better Investors; They're Not -

NEW YORK (AP) – Many men and women think men are the better investors. They're wrong.

After checking how 8 million of its customers did during 2016, Fidelity Investments found that women did better than men by an average of 0.4 percentage points.

2. Meritan’s Branch Named Among Top Nurses -

Cindy Branch, Meritan’s associate vice president for health services, has been selected to represent Tennessee as one of the nation’s top 50 home care and hospice nurses by the National Association for Home Care & Hospice and the Home Healthcare Nurses Association. Branch, a registered nurse, has oversight of Meritan’s nursing programs, including home health, private duty nursing and medical residential homes. She will be recognized at NACH’s annual meeting in October.

3. Wells Joins Evans Petree as Associate -

Julie Wells has joined Evans Petree PC as an associate in the East Memphis office, focusing her practice in health care law and general business matters. She previously worked at Baptist Medical Group, where she played an integral role in physician practice acquisitions and contractual-related matters.

4. Cox Departs Airport Authority as Southwest Adds Flight -

Longtime Memphis-Shelby County Airport Authority President and CEO Larry Cox celebrated his final board meeting before retirement with the announcement that Southwest Airlines is adding a flight next summer.

5. Citigroup to Cut 11,000 Jobs -

NEW YORK (AP) – Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat.

The cuts amount to about 4 percent of Citi's workforce. The bulk of them, about 6,200 jobs, will come from Citi's consumer banking unit, which handles everyday functions like branches and checking accounts.

6. Mortgage Comeback? Citigroup Isn't So Sure -

NEW YORK (AP) – Citigroup isn't as enthusiastic as its peers about a comeback in the housing market.

On Friday, executives at Wells Fargo and JPMorgan Chase declared that the long-struggling market had turned a corner. On Monday, Citigroup's top number-cruncher said he wasn't so sure.

7. Morgan Stanley to Buy Citi's Smith Barney Stake -

NEW YORK (AP) – Morgan Stanley and Citigroup have settled a dispute Tuesday over the value of the brokerage firm Morgan Stanley Smith Barney, which they jointly own.

8. Morgan Stanley Closes a Bleak Bank Earnings Season -

NEW YORK (AP) — It's tough being a big bank these days.

Morgan Stanley, the storied investment house, reported Thursday that its revenue was down sharply for April through June and its profit missed Wall Street expectations. Its stock was clobbered — down more than 5 percent.

9. Morgan Keegan Focus List Wins High 5-Year Marks -

The focus list of stocks assembled by Morgan Keegan & Co. Inc. ranked second in five-year returns among the stock lists of nine leading national and regional brokerage firms for the five years ended Dec. 31, according to Zacks Investment Research Inc.

10. Morgan Stanley Outdoes Rivals; Earns $2.2B -

NEW YORK (AP) – Morgan Stanley emerged from the tumultuous third quarter in better shape than most of its Wall Street rivals.

11. Morgan Keegan Sees Recent Exit of Advisers -

Morgan Keegan & Co. Inc. has lost some advisers over the last several days, some of them taking a big volume of business with them while the investment banking firm continues to try and resolve the future of its ownership.

12. Morgan Keegan Advisers Leave Firm -

In recent days, teams of Morgan Keegan & Co. Inc. advisers either are talking about leaving or have already begun departing the Memphis-based investment firm, for which sale talks continue to drag on.

13. Partnership Advocates Social Media to Firms -

Now that Morgan Stanley has allowed itself to be the first major wealth manager to use social media for marketing purposes, Memphis marketing professional Amy Howell is encouraging other financial services companies to follow Morgan Stanley’s lead.

14. Gaining Altitude -

April should be a busy month for officials with Memphis International Airport and the logistics industry as they promote the city’s transportation assets as a vital part of the local economy.

15. Morgan Keegan Hires Clark to Lead Ohio Expansion -

Rusty Clark, formerly with Morgan Stanley Smith Barney, has joined Morgan Keegan & Co. Inc. and will oversee the firm’s private client group expansion in Ohio.

16. Dollar Signs -

From wealth management to accounting to investment firms, plenty of financial services companies in Memphis are enjoying a robust level of growth that might seem surprising to an outsider.

Yet it’s clear the economic recovery is well under way, and companies with strong fundamentals are reaping rewards.

17. Morgan Keegan Plots 2011 Growth -

Morgan Keegan & Co. Inc. has kicked off 2011 with plans to open several new offices in the Northeast and by adding new executives to the firm’s public finance and investment banking teams.

18. Morgan Keegan Adds Staff, Plans Expansion -

Morgan Keegan & Co. has announced new hires in several areas of the Memphis-based investment banking firm.

19. Even in Liberal Bastions, GOP Sees Election Chance -

HYANNIS PORT, Mass. (AP) — In the congressional district that's home to the Kennedy family compound, a Kennedy public skating rink and a Kennedy museum, the heart of liberalism is beating uneasily.

20. FedEx CIO Carter to Highlight Leadership Academy Luncheon -

In May, longtime FedEx CIO and executive vice president of information services Rob Carter joined the likes of pop star Lady Gaga, fashion designer Tom Ford and Oscar-winning director James Cameron on Fast Company’s 2010 list of the 100 Most Creative People in Business.

21. Morgan Stanley's Profit of $1.41B Tops Forecasts -

NEW YORK (AP) - Morgan Stanley reported Wednesday its first-quarter profit surged to $1.41 billion on strong results from its trading operations. The investment bank easily topped analysts' expectations.

22. Citigroup Loses $7.8B in Q4 -

NEW YORK (AP) - Citigroup Inc. became the latest bank to take a cautious view of consumers' credit problems, reporting a $7.77 billion fourth-quarter loss due to failed loans and the costs of repaying $20 billion in government bailout money.

23. String of Investment Bubbles Marked 2000-09 -

NEW YORK (AP) - A string of exploding investment bubbles that started with the dot-coms and ended with mortgages and oil dominated the years from 2000 to 2009. And it looks like the next decade will be no different.

24. Morgan Stanley Names New CFO, Other Top Managers -

NEW YORK (AP) - Morgan Stanley elevated its chief financial officer to a new role as co-chief of investment banking and global securities trading Tuesday as part of a management shake-up ahead of James Gorman's assumption of the CEO role on Jan. 1.

25. Morgan Stanley Posts First Profit of Year -

NEW YORK (AP) - Morgan Stanley returned to profitability for the first time in a year as income from its investment banking operations offset losses in commercial real estate.

26. Morgan Stanley CEO to Inherit Bank in Transition -

NEW YORK (AP) - Morgan Stanley's incoming CEO will be facing a drastically different landscape on Wall Street from when John Mack took over in 2005.

27. Citigroup Approves $6B in New Lending Initiatives -

NEW YORK (AP) - Citigroup Inc. said Tuesday it approved $6 billion in new lending initiatives during the second quarter as part of its programs supported by government bailout funds.

The New York-based bank said it has now approved $50.8 billion in lending programs tied to receiving money as part of the Troubled Asset Relief Program, or TARP. The program was launched last fall by the U.S. Treasury Department to help stabilize the lending markets at the peak of the credit crisis.

28. Citigroup Sells Stake in Japanese Asset Manager -

NEW YORK (AP) - Citigroup Inc. said Thursday it is selling its entire majority stake in a Japanese asset management company to The Sumitomo Trust and Banking Co Ltd. for about $795 million.

The bank is selling its 64 percent stake in Nikko Asset Management for 75.6 billion yen as part of its ongoing plan to reduce its holdings in Japan, and amid an overhaul of its worldwide operations.

29. Citigroup Names Former Banking Regulator to Board -

NEW YORK (AP) - Citigroup Inc. named three new outside directors Friday as the bank seeks to shift its focus back to traditional banking after it suffered a bruising hit from risky mortgage-backed securities.

30. Some Bailout Firms Up Lobbying Spending in Q2 -

WASHINGTON (AP) - As Congress spent much of the last three months looking at ways to tighten regulations on financial institutions, some of the biggest recipients of the government's $700 billion bailout increased their spending on influencing legislators.

31. Citigroup Profit Soars on Smith Barney Sale -

NEW YORK (AP) - Citigroup Inc. surprised Wall Street Friday, reporting a $3 billion second-quarter profit instead of the big loss analysts expected.

32. Pandit: Citi Operating at Profit Through February -

NEW YORK (AP) - Citigroup Inc. has been operating at a profit through the first two months of the year, according to a letter that the embattled bank's chief executive sent to employees.

33. August Trial Date Set in Forrest Hill Cemeteries Case -

Former Forrest Hill cemeteries owner Clayton Smart is scheduled to go on trial on fraud charges starting Aug. 24.

34. Citigroup to Lower Some Mortgage Payments -

NEW YORK (AP) - Citigroup Inc. said Tuesday that it will lower mortgage payments for some homeowners to an average of $500 a month for three months as part of a new program to help the unemployed.

35. Citigroup Reaches Aid Deal with Government -

WASHINGTON (AP) - The U.S. government will exchange up to $25 billion in emergency bailout money it provided Citigroup Inc. for as much as a 36 percent equity stake in the struggling bank, greatly increasing the risks to taxpayers as voter unhappiness about the broader bailout program rises.

36. JPMorgan Posts Profit, But 'Disappointing' One -

NEW YORK (AP) - JPMorgan Chase eked out a fourth-quarter profit, but its results were anything but calming to investors worried about the mountain of upcoming losses in the troubled banking sector.

37. Bank Stocks Plunge on Fresh Insolvency Fears -

NEW YORK (AP) - Shares of major U.S. banks plunged Thursday as the government mulled giving Bank of America Corp. a fresh multibillion-dollar aid package, raising fears on Wall Street that the battered financial sector may need an even bigger bailout.

38. Death Knell for Citigroup's 'Supermarket' Model -

NEW YORK (AP) - The original financial supermarket is dead.

Citigroup signaled the end of a decade-long experiment to create one-stop shopping for financial services – everything from consumer loans to investment banking – with Tuesday's announcement that it was putting its Smith Barney brokerage into a joint venture with Morgan Stanley.

39. Citigroup, Morgan Stanley Merge Brokerages -

NEW YORK (AP) - Citigroup Inc. and Morgan Stanley agreed Tuesday to combine their brokerages in a deal that shows how much Citigroup wants to slim down and build up cash.

40. Citi Shares Fall Despite Talks with Morgan Stanley -

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.

41. Citigroup Returning Billions to Investors -

WASHINGTON (AP) - Citigroup Inc. will buy back more than $7 billion in auction-rate securities and pay $100 million in fines as part of settlements with federal and state regulators, who said the bank marketed the investments as safe despite liquidity risks.

42. Citigroup Suffers 57 Percent Profit Drop in Third Quarter -

NEW YORK (AP) - Citigroup Inc. said Monday its third-quarter profit dropped 57 percent after the biggest U.S. bank took a hit of more than $3 billion in mortgage-backed security losses, leveraged debt write-downs, and fixed-income trading losses.

43. Judge Thwarts Lawyer's Attempt To Block Forest Hill Inquiry -

State investigators and the court-appointed receiver of Forest Hill cemeteries and funeral homes began to meet some resistance this week in their civil cases against those who allegedly embezzled more than $20 million from the cemetery trust funds.

44. N.J. Operator Bids to BuySmart's Cemeteries -      New Jersey-based cemetery operator David J. Shipper has made a bid to buy Forest Hill Cemeteries and Funeral Home owner Clayton Smart's 28 financially troubled cemeteries for $32.1 million.

45. Forest Hill Owner In Contempt Again -

Forest Hill Cemeteries and Funeral Home owner Clayton Smart has the money to hire attorneys to represent him on criminal charges. But that doesn't mean he's likely to get out of jail anytime soon.

46. Forest Hill Owner in Contempt Over House Sale -

Forest Hill cemeteries owner Clayton Smart has the money to hire attorneys to represent him on criminal charges. But he’s not likely to get out of jail any time soon.

Chancellor Arnold Goldin Wednesday found Smart in contempt of a court order as he approved the use of up to $120,000 from the sale of one of Smart’s homes in Oklahoma. Goldin ruled Smart is in contempt for having his wife, Nancy, sell the house without court approval.

47. Smart Clings to Claim He's Broke, Represents Himself -

Forest Hill cemeteries and funeral homes owner Clayton Smart will act as his own attorney at least for the time being.

Criminal Court Judge W. Otis Higgs made the ruling Wednesday at the end of another hearing in which Smart repeatedly claimed he didn't have any money to hire an attorney.

48. Smart Represents Himself, Claims He's Broke -

Forest Hill cemeteries and funeral homes owner Clayton Smart will act as his own attorney – at least for the time being.

Criminal Court Judge W. Otis Higgs made the ruling Wednesday at the end of another hearing in which Smart repeatedly claimed he didn't have any money to hire an attorney.

49. Smart Represents Himself, Claims He's Broke -

Forest Hill cemeteries and funeral homes owner Clayton Smart will act as his own attorney – at least for the time being.

Criminal Court Judge W. Otis Higgs made the ruling Wednesday at the end of another hearing in which Smart repeatedly claimed he didn't have any money to hire an attorney.

50. Forest Hill Cemetery OwnerTo Appear in Criminal Court -      Forest Hill Cemetery owner Clayton Smart will make a court appearance Friday when he is scheduled to go before Judge Otis Higgs in Criminal Court Division 2.
     He currently is being held

51. Forest Hill Cemeteries' OwnersIndicted by State Grand Jury -      The Tennessee Grand Jury has indicted the owners of Forest Hill Cemeteries and Funeral Homes for allegedly stealing nearly $20 million from trust funds set up for the beneficiaries of about 13,000 pre-paid funeral contra

52. Local Resident Named Land Realtor of America -

Keith Morris of 4M Land Co. in Somerville was honored with the 2005 Land Realtor of America award by the Realtors Land Institute. Morris, current president of the Tennesseen RLI chapter, is the first Tennessean to receive the award. He graduated from the University of Memphis.

53. Archived Article: Newsmakers - Southwest Coach Inducted into Hall of Fame

Southwest Coach Inducted into Hall of Fame

Verties Sails Jr., mens head basketball coach and athletic director at Southwest Tennessee Community College, was selected by the National Junior College Bas...

54. Archived Article: Benchmark - Alaska sues investment firms over WorldCom losses

Alaska sues investment firms over WorldCom losses

The state of Alaska has filed a lawsuit against several major financial institutions to recover money lost in bonds issued by bankrupt WorldCom...

55. Archived Article: Burger King P2 - Diageo says burger deal about done

Diageo says burger deal about done
Britain's Diageo expects to sell its Burger King chain this month to a Texas Pacific consortium despite one of the main franchisees, AmeriKing, filing for Chapter 11 bankr...

56. Archived Article: Law Briefs - A free Women and Investing seminar hosted by Salomon Smith Barney is noon today at Owen Brennans, 6150 Poplar Ave

A free Women and Investing seminar hosted by Salomon Smith Barney is noon today at Owen Brennans, 6150 Poplar Ave. Participants will...

57. Archived Article: Real Review - FedEx to pay first dividend, FedEx pays first dividend, shows financial discipline FedEx Corp., showing the results of a two-year push to tighten its belt and improve its financial discipline, said it plans to pay the first dividend in the company's...

58. Archived Article: Marketplace - By SUE PEASE Women should consider investing options for their future By SUE PEASE The Daily News Women today are enjoying financial rewards more than their counterparts in past generations. However, even with more women in the work force earning si...

59. Archived Article: Market Briefs - The annual Collierville Chamber Membership Dinner meeting is at 6 p Union Planters Corp. will make a presentation at the Salomon Smith Barney Financial Services Conference at 9:45 a.m. Tuesday. Speaking on behalf of Union Planters will be Jackson W....

60. Archived Article: Bonds (lead) - Bonds, bonds, bonds

Add bonds wisely,

advisers caution


The Daily News

While depressed economic forecasts and significant national events can often throw U.S. financial markets a curve ball as seen in recent times the inve...

61. Archived Article: Marketplace - Overcoming credit debt, buying a home is doable despite all odds Investing becomes home for Memphis woman By SUE PEASE The Daily News In December 1999, Dana McCullough began investing for the future. Her goal was to put money into a mutual fund to s...

62. Archived Article: Benchmark - PlanetRx slapped PlanetRx slapped with suit over IPO A hedge-fund investor has sued PlanetRx.com and its initial public offering underwriters, accusing them of violating securities laws. SDR Investors alleges the parties engaged in market manipulati...

63. Archived Article: Memos - Ginger Morgan and Suzanne Levine were added to the staff at Archer/Malmo Ginger Morgan and Suzanne Levine were added to the staff at Archer/Malmo. Morgan joins Archer/Malmo as traffic manager, responsible for managing and monitoring the daily progre...

64. Archived Article: New Benchmark - A Mississippi jury on Wednesday ruled in favor of R Miss. jury sides with tobacco company in suit A Mississippi jury on Wednesday ruled in favor of R.J. Reynolds Tobacco Co. in a $102 million wrongful death suit filed by the widow of a longtime smok...

65. Archived Article: Ncbc P.2 - NCBC, CCB shareholders approve merger NCBC, CCB shareholders approve merger Shareholders of National Commerce Bancorp. and CCB Financial overwhelmingly approved the companies' proposed merger at meetings in Memphis and Durham, N.C., respectively. A ...

66. Archived Article: Tech Briefs - PLI Battery Cell Technology From T A new battery from Thomas & Betts Corp. enables laptop computers to run up to 12 hours between charges, one of the longest run times in the battery industry. The battery, available now in samples in internation...

67. Archived Article: Memos - Promus Names New Development Ronald C. Muzii Jr. has been named vice president of development for Promus Vacation Resorts. Muzii was formerly president of Innovative Hospitality Group Inc. in Miami. He is a graduate of Cornell University. B. Ted Ham...

68. Archived Article: Real Briefs - Chickasaw Oaks Plaza has gained four new merchants Chickasaw Oaks Plaza has gained four new merchants. I.D. Collection and Ainsley Hall Antiques & Gifts, both interior design shops, florist Galerie Des Fluers and the Kitty Kyle Kollection, a fas...

69. Archived Article: Market Briefs - Interstate Realty Corp Interstate Realty Corp./CB Commercial announced it has changed its name to CB Richard Ellis. Almost a year ago, Interstate Realty Corp. made a decision to sell less than 5 percent of the company's stock to CB Commercial. Earl ...

70. Archived Article: Back 2 - Genesis Direct Inc Genesis Direct Inc. IPO priced at $15 Secaucus, N.J.-based Genesis Direct Inc., which operates a distribution center in Memphis, on Friday announced that its initial public offering of common stock was priced at $15 per share. The...

71. Archived Article: Memos - W W. Michael Potts has been appointed to the newly created position of vice president of human resources for TBC Corp. He formerly was vice president of human resources for Millard Refrigerated Services Co. in Omaha, Neb. He is a graduate of the Uni...

72. Archived Article: Rfs,equity Chg - Two Memphis-based Two Memphis-based hotel REITs to merge Equity Inns, RFS to create $1.8 billion hotel REIT By CAMILLE H. GAMBLE The Daily News Equity Inns Inc. and RFS Hotel Investors Inc. announced Tuesday they have signed a definitive agreement t...

73. Archived Article: Vacation Chg - Vacation Properties International Inc Vacation Properties International files IPO By CAMILLE H. GAMBLE The Daily News Memphis-based Vacation Properties International Inc. filed Thursday an initial public offering with the Securities and Exchange Com...

74. Archived Article: Market Briefs - Circle K announced Thursday it will launch a training program for employees at its 23 Memphis-area stores designed to prevent the sale of tobacco products to underage customers Circle K announced Thursday it will launch a training program for employ...

75. Archived Article: Real Briefs - Highwoods Properties Inc Highwoods Properties Inc. announced last week that it has priced two public offerings. One public offering consists of 859,424 shares of common stock priced to Prudential Securities Inc. Net proceeds of the sale will be abou...

76. Archived Article: Calendar - Feb Feb. 16 The Wolf River Conservancy will hold its annual meeting at the Goldsmith Civic Garden Center, 750 Cherry Road, at 7:30 p.m. The speaker will be Ann P. Murray, executive director of the Tennessee Conservation League. Feb. 17 The National ...

77. Archived Article: Law Analys - A look back A look ahead A look back A look ahead By JEFF WEINTRAUB Special to The Daily News A strong economy led the headlines for 1997, with low inflation and a tight labor market. The UPS strike and huge settlements, such as those against Home D...

78. Archived Article: Graph - Commercial Construction Commercial Construction Construction has started on an office building at 661 Ericson Road by Bostic & Moss Construction. Other commercial construction projects issued permits last week by the Shelby County Construction C...

79. Archived Article: Back-highwoods - Highwoods completes sale Highwoods completes sale of common stock shares Highwoods Properties Inc. announced Friday it has sold 7.5 million shares of common stock at $35 per share. Net proceeds from the offering, excluding the 1.125 million share ov...

80. Archived Article: Back - NBC renews lease at NBC renews lease at One Commerce Square National Bank of Commerce, a division of National Commerce Bancorporation, has renewed its lease for 175,000 square feet at One Commerce Square Downtown. "This 12-year lease was the co...

81. Archived Article: Mkt Briefs - Harrahs Entertainment Inc Harrahs Entertainment Inc. has received a patent on its bet tracking system for gaming tables which generally covers the player-activated bet tracking system at any type of gaming table. The patented invention tracks gaming...

82. Archived Article: Real Briefs - lj 10/5 cates Equity Inns Inc. announced the companys newest public offering of 8 million shares of common stock would be priced at $13.37 per share. Net proceeds from the offering will be approximately $101.4 million. Company officials said the pro...

83. Archived Article: Equity Inns - By SUZANNE THOMPSON Equity Inns announces proposed stock offering By SUZANNE THOMPSON The Daily News Memphis-based Equity Inns announced Thursday that it will publicly offer 7.5 million shares of common stock to raise the $187 million necessary to c...

84. Archived Article: Equity Inns Nyse Lj - lj 10/5 cates Equity Inns switches markets for higher visibility Equity Inns hopes market switch attracts more high-volume investors By LAURIE JOHNSON The Daily News Memphis-based Equity Inns Inc., one of the countrys largest hotel real estate inves...

85. Archived Article: Milestones - Don Neal, director of sales, marketing and strategic alliances for Hallmark Business Expressions in Kansas City, Mo., will address the Direct Marketing Association of Memphis at its meeting on Tuesday at 11:45 a.m. at Folks Folly. The Direct Marketi...

86. Archived Article: Calendar - 4-29 calendar April 29 Institute of Management Accountants will meet at Union Planters National Bank, 6200 Poplar Ave., from 6 p.m. to 9 p.m. The topic will be retirement planning and pension plans. The seminar is free for IMA members and $20 for no...

87. Archived Article: Real Briefs - 04-23 real briefs Beginning May 1, the National Association of Real Estate Investment Trusts (NAREIT), the REIT industry trade group, will debut its enhanced Internet home page at http://www.nareit.com. Visitors to the NAREIT site will be able to ch...

88. Archived Article: Back - 03-21 Back Equity Inns offers 7.5 million shares Equity Inns Inc., a hotel real estate investment trust headquartered in Memphis, has announced an offering of 7.5 million shares of common stock, pursuant to a previously filed shelf registration stat...

89. Archived Article: Reits Lj - lj 10/5 cates 1995 good year for REITs in Mid-South By LAURIE JOHNSON The Daily News Real estate investment trusts have been enjoying increased growth in the Mid-South, with at least two local REITs doubling their revenues in 1995. "1995 was a ...

90. Archived Article: Equity Inns Lj - lj 10/5 cates Equity Inns gets "gift certificate" for growth By LAURIE JOHNSON The Daily News Credit card owners arent the only ones finding their credit limits raised before the holiday season. Equity Inns Inc., received a $61 million inc...

91. Archived Article: Inv Focus Jts - 10/30 jts Smith Barney forum Smith Barney looks at hopeful market Lunch forum will encourage prudent money management for powerful future market   By JAMES SNYDER The Daily News In a dynamic market, investors must keep an eye on their money man...