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Editorial Results (free)

1. Verizon, AT&T to End Location Data Sales to Brokers -

Verizon and AT&T have pledged to stop providing information on phone owners' locations to data brokers, stepping back from a business practice that has drawn criticism for endangering privacy.

The data has apparently allowed outside companies to pinpoint the location of wireless devices without their owners' knowledge or consent. Verizon said that about 75 companies have been obtaining its customer data from two little-known California-based brokers that Verizon supplies directly – LocationSmart and Zumigo

2. County Commission Leaves Only Tax Rate Undone In Budget Season -

Shelby County commissioners took final action Monday, June 18, on every item in its budget season except a final approval of a $4.05 county property tax rate.

The approval of a $1.3 billion county consolidated operating budget and a $90.2 million capital budget for the fiscal year that starts July 1 came with unanimous votes by the 13-member body.

3. Bain Capital Buying Varsity Brands for $2.5B -

Memphis-based Varsity Brands Inc. is being purchased by Bain Capital Private Equity in a deal Varsity says will help it "accelerate our growth to the next level."

4. County Commission Leaves Only Tax Rate Undone in Budget Season -

Shelby County commissioners took final action Monday, June 18, on every item in its budget season except a final approval of a $4.05 county property tax rate.

The approval of a $1.3 billion county consolidated operating budget and a $90.2 million capital

5. Bird Scooter Deal on Cutting Edge of Memphis’ ‘Demand Economy’ -

Standing beside two electric scooters in Court Square last week, Memphis City Council member Kemp Conrad quoted Sun Tzu, author of the ancient Chinese military strategy tome “The Art of War.” “Opportunities are multiplied as they are seen,” he said in quoting the favorite military tactician of 21st-century American business leaders.

6. Why Many Americans Aren't Benefiting From Robust US Economy -

WASHINGTON (AP) – "The economy," Federal Reserve Chairman Jerome Powell declared this week, "is doing very well."

And it is. Steady hiring has shrunk unemployment to 3.8 percent – the lowest since the 1960's. Consumers are spending. Taxes are down. Inflation is tame. Factories are busy. Demand for homes is strong. Household wealth is up.

7. Women- & Minority-Owned Biz Loan Fund Launches -

A $15 million small-business loan fund announced Monday, June 11, is aimed at improving access to capital for minority- and women-owned businesses in the Memphis area.

The loan fund is a partnership between Pathway Lending, a nonprofit regional community development financial institution, and Epicenter, the nonprofit entrepreneurial hub organization. Pinnacle Financial Partners, First Tennessee and Regions Bank are providing the initial capitalization of the Memphis Small Business Opportunity Loan Fund.

8. Bird Electric Scooters Debut Friday in Memphis -

The electric scooter start-up Bird launches a fleet of 200 of the scooters in Memphis Friday, June 15, at 3:30 p.m. in Court Square.

Memphis is the 15th city the Venice, California-based company has launched the vehicles in.

9. Bird Electric Scooters Debut Friday in Memphis -

The electric scooter start-up Bird launches a fleet of 200 of the scooters in Memphis Friday, June 15, at 3:30 p.m. in Court Square.

Memphis is the 15th city the Venice, California-based company has launched the vehicles in.

10. June 15-21, 2018: This week in Memphis history -

1971: Fred Smith incorporates in Delaware a company he calls Federal Express Corp.

Source: “Absolutely Positively Overnight” by Robert A. Sigafoos

11. Startups Dive Into 2018 Summer of Acceleration -

Now in their fourth year as partners on the Summer of Acceleration entrepreneurial program, EPIcenter, Start Co. and Memphis Bioworks Foundation are helping to foster success for promising startup companies across different industries.

12. New Loan Fund Launches For Women-, Minority-Owned Biz -

A $15 million small-business loan fund announced Monday, June 11, is aimed at improving access to capital for minority- and women-owned businesses in the Memphis area.

The loan fund is a partnership between Pathway Lending, a nonprofit regional community development financial institution, and Epicenter, the nonprofit entrepreneurial hub organization. Pinnacle Financial Partners, First Tennessee and Regions Bank are providing the initial capitalization of the Memphis Small Business Opportunity Loan Fund.

13. New Loan Fund for Minority, Women-Owned Businesses Starts with $15M -

A $15-million small business loan fund announced Monday, June 11, is aimed at improving access to capital for minority and women-owned businesses in the Memphis area.

The loan fund is a partnership among Pathway Lending, a nonprofit regional Community Development Financial Institution and Epicenter, the nonprofit entrepreneurial hub organization. Pinnacle Financial Partners, First Tennessee and Regions Bank are providing the initial capitalization of the Memphis Small Business Opportunity Loan Fund.

14. Int'l Paper Calls Off Bid for Smurfit Kappa -

Memphis-based International Paper Co. has called off its bid for now to acquire Smurfit Kappa Group PLC, Europe’s largest maker of cardboard boxes, IP executives announced Tuesday, June 6.

15. International Paper Calls Off Bid for Smurfit Kappa -

Memphis-based International Paper Co. has called off its bid for now to acquire Smurfit Kappa Group PLC, Europe’s largest maker of cardboard boxes, IP executives announced Tuesday, June 6.

16. International Paper Passes on Final Bid for Smurfit Kappa Acquisition -

Memphis-based International Paper Co. has called off its bid for now to acquire Smurfit Kappa Group PLC, Europe’s largest maker of cardboard boxes, IP executives announced Tuesday, June 6.

17. Few Ripples to End City Hall’s Budget Season -

The Memphis City Council gave final approval Tuesday, June 5, to a $685 million city operating budget, an $87 million capital budget and a $3.19 city property tax rate.

The votes ended City Hall’s budget season with few changes to the budget proposed by Memphis Mayor Jim Strickland for the fiscal year that begins July 1.

18. Last Word: Our Un-Signature, City Hall Beat Down and Lamar Avenue -

The first thing most people notice when they realize there is lots of development going on in Memphis but that its quite different than Nashville’s brand of development is that you don’t see nearly as many construction cranes here as you do there. It’s become an un-signature of sorts for what is an ongoing remake of Memphis. We adapt and use for new purposes. We also move institutions around, it turns out.

19. City Council Approves $685M City Budget, Takes City Tax Rate to $3.19 -

The Memphis City Council gave final approval Tuesday, June 5, to a $685 million city operating budget, an $87 million capital budget and a $3.19 city property tax rate.

The votes ended City Hall’s budget season with few changes by the council to the budget proposed by Memphis Mayor Jim Strickland for the fiscal year that begins July 1.

20. New Banking Law A Step Forward For Community Banks -

Tennessee’s banks help our communities in the Volunteer State flourish. Small-business owners count on banks to provide the loans they need to succeed. Consumers depend on these financial institutions when they need a mortgage or car loan.

21. City Council Faces Final Vote on Tax Rate -

Memphis City Council members could start to wrap up the budget season Tuesday, June 5, with third and final-reading votes on the city property tax rate and a resolution approving the city’s capital budget.

22. Students Plan 'Die-In' for Gun Control in Tennessee Capital -

NASHVILLE, Tenn. (AP) – Some Tennessee students are planning a "die-in" to honor those who lost their lives in a 2016 shooting at a gay nightclub in Orlando, Florida.

The Tennessean reports Williamson County students will join a nationwide demonstration known as "National Die-In Day" on Tuesday to push for gun control. The die-in will be held by WilcoStudentsForChange and Marshall County High School students. The gunman killed 49 people. He was killed in a shootout with a SWAT team.

23. The Week Ahead: June 4-10 -

Good morning, Memphis. Or should we say, “Hush, y’all.” It’s time again for the annual FedEx St. Jude Classic golf tournament, a Memphis tradition that spans 60 years and has been funneling millions of dollars into the doors at St. Jude Children’s Research Hospital. 

24. One Beale, St. Jude, Sedgwick Projects Move Forward -

263 Wagner Place, Memphis, TN 38103: Carlisle Corp.’s expanded plans for One Beale received unanimous approval from the Center City Revenue Finance Corp. on Tuesday, May 29.

25. Gregory Realty Grows Industrial Portfolio -

Memphis-based Gregory Realty has acquired more than 53,000 square feet of industrial/flex space at 3920 S. Perkins Road and 3900 Perkins Cut Off Road for $1.6 million.

26. First Horizon’s Flippin: $4B Initiative ‘Laser-Focused on Helping People’ -

Since joining First Horizon National Corp. as executive vice president and chief communications officer in January, Candace Steele Flippin has met with community leaders and organizations to identify areas that are prime candidates for the bank’s recently announced Community Benefit Plan. This $4 billion, five-year initiative earmarks funds for small-business loans, home loans, and community development in low- to moderate-income areas within the bank’s footprint.

27. Op-Ed: New Banking Law a Step Forward for Community Banks -

Tennessee’s banks help our communities in the Volunteer State flourish. Small-business owners count on banks to provide the loans they need to succeed. Consumers depend on these financial institutions when they need a mortgage or car loan.

28. Last Word: Kim Kardashian's Plea, The Duran Stay and Mid-Term Moves -

A drug case from Memphis federal court in the early 1990s was the reason Kim Kardashian West was at the White House Wednesday. Kardashian West is among those pushing for a presidential pardon for Alice Marie Johnson – serving a life sentence on a federal drug and money laundering conviction. Here is the Associated Press story.

29. Gregory Realty Grows Industrial Portfolio -

Memphis-based Gregory Realty has acquired more than 53,000 square feet of industrial/flex space at 3920 S. Perkins Road and 3900 Perkins Cut Off Road for $1.6 million.

30. US Economic Growth Revised Down to 2.2 Percent Rate in Q1 -

WASHINGTON (AP) – The U.S. economy grew at a weaker 2.2 percent annual rate in the first three months of the year, as consumers and businesses slowed their spending. But given the economy's recent performance, analysts are still looking for a solid rebound in the current quarter.

31. County Commission Asked to Fill SCS Budget Gap -

With the Shelby County Schools system’s $1 billion budget delivered to Shelby County commissioners Wednesday, May 30, county government’s consolidated budget started to come into focus.

32. Gregory Realty Grows Industrial Portfolio -

Gregory Realty has acquired more than 53,000 square feet of industrial/flex space at 3920 S. Perkins Rd. and 3900 Perkins Cut Off Rd. for just over $1.6 million.

33. Last Word: SCS Budget Travels, Carlisle on One Beale and Hickman's Comeback -

Shelby County Schools officials are Downtown Wednesday to formally present the school system’s budget proposal to the Shelby County Commission. The budget committee hearing Wednesday morning won’t see any decision just yet. But the school system’s ask of county government is a big part of the commission getting to a more complete view of county government’s budget since north of $400 million of the county’s $1.3 billion consolidated budget is funding for public education across seven school districts in the county.

34. St. Jude Preparing to Lay Research Center Foundation -

St. Jude Children’s Research Hospital has filed a $21 million building permit application to lay the foundation of its $412 million advanced research center.

Flintco Inc. was listed as the project’s contractor.

35. Week Ahead: May 28-June 3 -

Happy Memorial Day, Memphis! Once a grand hotel and commercial skyscraper to be located at the base of Beale Street near Riverside Drive, a scaled-back version of the One Beale project is still alive and goes before a key city board for a closing extension this week.

36. Trump Steering Clear of Messy House Immigration Fight -

WASHINGTON (AP) – President Donald Trump has spent recent weeks publicly hammering Congress to crack down on "legal loopholes" he says allow criminals to enter the country illegally. But behind the scenes, Trump has shown little interest in jumping into an intensifying Capitol Hill debate over immigration legislation that many believe is unlikely to ever reach his desk.

37. Univ. of Memphis to Manage Own Capital Projects -

The University of Memphis will manage its own construction projects effective July 1 with a vote last week in Nashville by the Tennessee Higher Education Commission.

The THEC vote allows the university to manage new construction on its campus through the school’s board of trustees and the state building commission.

38. Blockchain Tech ‘is the Shiny New Penny’ -

During the General Assembly session that just ended legislators debated a number of hot-button issues: guns, abortion, Confederate statues and medical marijuana.

But tucked among the headline-grabbers was a brief bill, less than 300 words long, that attracted no controversy whatsoever.

39. International Paper Hopes for Talks In Deal to Acquire Smurfit Kappa -

After recently being given a June 6 deadline by the Irish Takeover Panel to make a final binding offer to acquire Europe’s largest cardboard box producer, Smurfit Kappa Group, Memphis-based International Paper Co. decided against a hostile takeover attempt and is instead hoping to open a dialogue with the company to determine a mutually beneficial path forward.

40. Trump Signs Bill Easing Post-2008 Crisis Restraints on Banks -

WASHINGTON (AP) – President Donald Trump on Thursday signed into law a measure that loosens key restraints for banks imposed after the 2008 financial crisis and Great Recession. Savoring the legislative triumph, he called it "the next step in America's unprecedented economic comeback."

41. Crazy Good -

STILL CRAZY. STILL RIGHT. Lauren Crews and I sipped coffee and talked about his crazy idea. Again. I’m writing about it. Again. Maybe we’re both crazy.

We first talked about it sipping whiskey years ago at sunset on the bluff behind the Metal Museum, gazing out on the river’s big, bold bend south of the Harahan, the most dramatic river view in Memphis, dramatic enough to accommodate big, bold vision.

42. Fed Minutes: Another Rate Hike Likely 'Soon' -

WASHINGTON (AP) – Federal Reserve officials earlier this month suggested that another rate hike was on the way soon, while also noting several risks facing the economy from rising wage pressures to potential harm from administration trade policies.

43. Hopson’s Schools Budget Features $12.7M Gap for County to Consider -

The school year that ends Thursday, May 24, marks five years since the historic change in public education kicked off in August 2013.

First was the one-year merger of city and county schools, followed by the demerger into seven public school systems within Shelby County.

44. Last Word: Bike Second Line Protest, Loeb's Portrait and SCS Budget Notes -

“Get on your bikes and ride.” The local bike share program begins Wednesday at 60 different Explore Bike Share stations at different points around town. The bike rental program is considered a milestone in the city’s bicycle culture. And like all milestones there has to be a ceremony. This effort to make it easier to mix bikes into your daily journeys will kick off Wednesday morning in Court Square at 9:30 a.m.

45. Hopson's Schools Budget Features $12.9 Million Gap For County To Consider -

The school year that ends Thursday, May 24, marks five school years since the historic change in public education kicked off in August 2013 with the one-year merger of city and county schools followed by the demerger into seven public school systems within the county.

46. Congress Nears Dismantling of Post-Crisis Bank Rules -

WASHINGTON (AP) – Congress was taking a final step Tuesday toward dismantling a chunk of the rules framework for banks installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes.

47. Conscious Capitalism: Gravity Payments CEO -

Dan Price, founder and CEO, Gravity Payments, in conversation with Dev Patnaik, CEO, Jump Associates

48. When is The Right Time For A Fundraising Campaign? -

It is always the right time for a campaign if your organization has done its planning, built its capacity, has volunteer leadership in place, and understands the philanthropic landscape. That is a lot of work. No organization can do it all at once and simultaneously continue operations.

49. Copenhagen Provides Good Example Of Bike Safety -

While there may be something rotten in Denmark, as Shakespeare wrote in “Hamlet,” it sure isn’t in the bicycling realm. And as Memphis embarks on its new Explore Bike Share initiative, a look at the Scandinavian country of 5.7 million people certainly offers a positive tale of cycling safety.

50. Jernigan Capital Names Chief Investment Officer -

Jernigan Capital Inc., a Memphis-based real estate investment trust that provides debt and equity capital for self-storage facilities, has named Jonathan Perry executive vice president and chief investment officer. He is expected to join the company in early June.

51. Wells Fargo Reportedly Altered Customer Docs; Exec Retires -

NEW YORK (AP) – Wells Fargo employees in its wholesale banking business allegedly improperly altered information on documents related to corporate customers, The Wall Street Journal reports.

52. Three Projects Get Green Light from EDGE Board -

The Economic Development Growth Engine for Memphis and Shelby County approved a trio of projects that could create as many as 255 new jobs and retain nearly 300 more during a busy Wednesday, May 16, agenda. 

53. Jernigan Capital Names Chief Investment Officer -

Jernigan Capital Inc., a Memphis-based real estate investment trust that provides debt and equity capital for self-storage facilities, has named Jonathan Perry executive vice president and chief investment officer. He is expected to join the company in early June.

54. Last Word: The Bus to Shelby Farms, Sports Gaming In Tunica and Tom Lee's Story -

It hasn’t been this hot in 30 years … to the day. The high Monday of 93 degrees eclipsed the old record for the day of 91 degree in 1988. I’m not much of a thermometer watcher. But this did get my attention because I was imagining all of the big hair emergencies 30 years ago. Guys going to their closets to break out the Miami Vice pastel t-shirts and linen blazers. And of course California Raisins hysteria. And I do find it not entirely coincidental that we break a record from 1988 as there is talk of a remake of the movie “Willow.” We could break another record for all of this Tuesday and we’ll see what my mind does with the year of the old record if that’s the case.

55. Conscious Capitalism: Conversation with Raj Sisodia, Part Three -

Raj Sisodia is the professor of global business at Babson College and co-founder and co-chairman of Conscious Capitalism Inc. Raj has written 10 books and more than 100 academic articles. 

Can you explain the Mother and Father archetypes in business in a little more depth? Capitalism had a mother and a father and they were both embodied in the same person. For Adam Smith the father energy that was about self-interest and the freedom to pursue opportunity. His other book, “The Theory of Moral Sentiments,” was about the human need to care, the mother of capitalism. People have forgotten this necessary balance. 

56. AutoZone Expanding Downtown, One Commerce Square Hits Market -

40 S. Main St.

Memphis, TN 38103

Property: One Commerce Square Building 

Seller: Memphis Commerce Square Partners LLC

Details: One Commerce Square, the fourth-largest building in Memphis, has hit the market.

57. One Commerce Square Office Tower Up for Sale -

One Commerce Square, the fourth-largest building in Memphis, has hit the market.

The 29-story high-rise office tower and four-story annex, located at 40 S. Main St., also comes with a leasehold interest in a roughly 500-space parking garage, according to real estate brokerage firm CBRE’s Deal Flow listing.

58. AOC Sees Growth Potential In Sale to Investment Firm -

The Alpha Corp. has signed a definitive agreement with CVC Capital Partners Fund VI to be acquired, pending customary regulatory approvals.

59. What Do Statewide Candidates Say About Rural Tennessee? -

Like most of America, Tennessee’s metropolitan areas have prospered during the last eight years, while the rural areas have lagged in almost every measure. The state has 19 of its 95 counties classified as “distressed.” What can and should we do to give every Tennessean a chance to succeed?

60. AOC Sees Growth Potential In Sale to Investment Firm -

The Alpha Corp. has signed a definitive agreement with CVC Capital Partners Fund VI to be acquired, pending customary regulatory approvals.

61. Snapshot: Downtown’s Newest Digs Almost Ready -

Construction crews are putting the finishing touches on Patterson Flats just east of the South Main Historic Arts District Downtown. The 175-unit residential project, which is being developed by Nashville-based Elmington Capital Group, fills 3.7 acres between G.E. Patterson and Butler avenues.

...

62. New County Leaders Face Big Funding Decisions -

The new Shelby County mayor and County Commission elected in August will have some major budget decisions to make once they take office Sept. 1, including a new Regional One Health Center building that could cost more to build than the $250 million FedExForum and a permanent source of county funding for the universal prekindergarten effort.

63. Last Word: New Football League, Drone Testing and New Chandler Numbers -

The Alliance of American Football announces its presence in Memphis Thursday afternoon at the Liberty Bowl. And so begins another chapter in the city’s colorful history of start-up leagues. It is a long history dominated by football with a good stretch of the timeline taking in the city’s pursuit of an NFL franchise. Sometimes the rules are a bit different and the leagues have a history of not lasting very long. But they are fondly remembered.

64. Fall Creek Falls Project Leaves Destructive Trail -

The Fall Creek Falls Inn and Conference Center will soon be in ruins like the livelihoods of the state employees who worked there.

Fewer than half the state employees who worked at the inn found new state jobs after it closed in early April. Some are working for nearly half the pay, and some had to move away from Van Buren County or drive long distances to keep a job with the state.

65. Memphis Startup Soundways Wins $200,000 in Rise of the Rest Competition -

Memphis startup company Soundways, which helps professionals in the music industry collect unpaid royalties, won a $100,000 investment from Steve Case and other entrepreneurs as part of the Rise of the Rest tour that stopped in the Bluff City Tuesday, May 8.

66. Memphis Startup Soundways Wins $200,000 in Rise of the Rest Competition -

Memphis startup company Soundways, which helps professionals in the music industry collect unpaid royalties, won a $100,000 investment from Steve Case and other entrepreneurs as part of the Rise of the Rest tour that stopped in the Bluff City Tuesday, May 8.

67. One Commerce Square Office Tower Up for Sale -

One Commerce Square, the fourth-largest building in Memphis, has hit the market. The 29-story high-rise office tower and four-story annex, located at 40 S. Main St., also comes with a leasehold interest in a roughly 500-space parking garage, according to real estate brokerage firm CBRE’s Deal Flow listing.

68. Last Word: Veto Override Drama, Iran Reaction & Rise of the Rest Meets Soundways -

Shelby County Commissioners have a busy committee day Wednesday with a budget presentation – county mayor Mark Luttrell’s final one as the county’s chief executive, more discussions about the Graceland plan and a veto override.

69. Fed's Powell: Rate Hikes Should Not Upend the Global Economy -

WASHINGTON (AP) – Moves by the Fed and other major central banks to raise interest rates after a long period of keeping them low should not be disruptive to the global economy, Federal Reserve Chairman Jerome Powell said Tuesday.

70. Stengel Elected President Of Construction Counsel Association -

Evans Petree PC shareholder Elizabeth B. Stengel has been elected the first female president of the Tennessee Association of Construction Counsel, a not-for-profit professional association of Tennessee attorneys with practices related to the construction industry.

71. Fogelman Properties Adds VP of Acquisitions -

Fogelman Properties has appointed Mike Aiken vice president of acquisitions, a newly created position at the Memphis-based multifamily real estate services company.

72. Conscious Capitalism: Conversation with Raj Sisodia, Part Two -

Raj Sisodia is the professor of global business at Babson College and co-founder and co-chairman of Conscious Capitalism Inc. Raj has written 10 books and more than 100 academic articles.

73. Fred’s Reports Another Quarter’s Bleak Results -

Joseph Anto’s first presentation of the quarterly numbers for discount retailer Fred’s Inc. lasted about 13 minutes from start to finish.

Anto, appointed last week as interim CEO of the troubled Memphis-based company, is personally approving every invoice over $5,000. The company, he said, is “maniacally” focused on cutting expenses and in the process of pursuing yet another strategy shift after a failed transition of the company’s emphasis to personal health care.

74. Two Large Industrial Portfolios in Southeast Memphis Sold -

4049 Willow Lake Blvd., Memphis, TN 38118 (portfolio)

Sale Amount: $21.8 million

Buyer: Faropoint Ventures

Buyer Rep: Brian Califf, NAI Saig Co.

75. Why Wall Street's Worried About Tesla -

Elon Musk's track record for technological feats as chief of SpaceX has turned skeptics into believers in everything from his quest to open space travel to Mars to his desire to build a tunnel for high-speed travel between New York and Washington. As Tesla's CEO, his ambitious vision for electric cars has also earned him a faithful following.

76. Fred’s CEO Resigns, Replaced By CFO -

The CEO of Memphis-based discount retailer Fred’s Inc. has left the company, less than two years into his run as the top executive and on the heels of a particularly volatile period for Fred’s that has seen other management shuffles, an uncertain turnaround strategy and a plummeting stock price.

77. GPAC Renames Black Box Theater -

Germantown Performing Arts Center has renamed its black box theater the Watkins Studio Theater to honor longtime supporters and Germantown residents Jeanette and William H. Watkins Jr.

William Watkins Jr. has served on the GPAC board, and together the couple and their family have supported GPAC and community arts education for more than 20 years.

78. First Tennessee to Lay Off 58 in Greene County -

First Tennessee Bank is laying off a few dozen employees in Greene County, Tennessee, a move that’s related to the bank’s merger with Capital Bank Financial Corp.

79. South Korean Appliance Co. Opening Plant in West Tenn. -

Dong-A Hwa Sung Co, a South Korean maker of home appliance and automotive parts, is opening its first U.S. plant in Martin, Tennessee.

80. Fred’s Fiscal Year Loss Doubles From 2016 -

Joseph Anto’s first presentation of the quarterly numbers for discount retailer Fred’s Inc. lasted about 13 minutes from start to finish.

Anto, appointed last week as interim CEO of the troubled Memphis-based company, is personally approving every invoice over $5,000. The company, he said, is “maniacally” focused on cutting expenses and in the process of pursuing yet another strategy shift after a failed transition of the company’s emphasis to personal health care.

81. Germantown To Fund School Deferred Maintenance -

Germantown Mayor Mike Palazzolo will propose more city capital funding in his upcoming budget proposal for renovation and maintenance of schools in the Germantown Municipal School District.

Palazzolo announced the move this week at the groundbreaking for construction of the new $27 million, 110,000-square-foot Germantown Elementary School on Forest Hill-Irene Road south of Poplar Pike.

82. Rapid Expansion -

For the fifth time in a little more than two years, commercial real estate brokerage Avison Young is growing in Memphis. Now the rapidly expanding local franchise, which started out as two men in a temporary office and currently employs 15, will be occupying 5,200 square feet in an iconic building along the Poplar corridor, more than doubling its previous footprint.

83. Luttrell Proposes Adjusting Down County Property Tax Rate -

Shelby County Mayor Mark Luttrell is proposing a rollback of the $4.11 county property tax rate to $4.05 in his last budget proposal to the Shelby County Commission.

Luttrell will formally present the $1.3 billion consolidated county government budget to commissioners at Wednesday, May 9, committee sessions. The proposal, known as the budget book, was delivered to individual commissioners Monday.

84. GPAC Renames Black Box Theater -

Germantown Performing Arts Center has renamed its black box theater the Watkins Studio Theater to honor longtime supporters and Germantown residents Jeanette and William H. Watkins Jr.

William Watkins Jr. has served on the GPAC board, and together the couple and their family have supported GPAC and community arts education for more than 20 years.

85. First Tennessee to Lay Off 58 in Greeneville -

First Tennessee Bank is laying off a few dozen employees in Greene County, Tennessee, a move that’s related to the bank’s merger with Capital Bank Financial Corp.

86. South Korean Appliance Co. Opening Plant in West Tenn. -

Dong-A Hwa Sung Co, a South Korean maker of home appliance and automotive parts, is opening its first U.S. plant in Martin, Tennessee.

87. Nashville Voters Reject $5.4 Billion Mass Transit Plan -

NASHVILLE, Tenn. (AP) – Nashville voters on Tuesday overwhelmingly rejected a plan to pay for a $5.4 billion mass transit system that called for a new light rail system, expanded bus routes and the building of a downtown underground tunnel.

88. Last Word: Primary Results and Analysis, Bike Launch, Gibson's Bankruptcy -

The immediate headline of Tuesday’s county primary elections is Lee Harris and David Lenoir battling in the August county general to see who becomes the next county mayor. But there were lots of other stories in the results. Here's the roundup of that and the other countywide primaries.

89. First Tennessee Laying Off 58 in Greeneville -

First Tennessee Bank is laying off a few dozen employees in Greene County, Tennessee, a move that’s related to the bank’s merger with Capital Bank Financial Corp.

The layoffs come as First Tennessee has consolidated operations at the locations that remain in Greene County after First Tennessee and Capital Bank jointly agreed to divest two branches.

90. US Delays Decision on Tariffs for EU, Prolonging Uncertainty -

WASHINGTON (AP) – The U.S. government will take another 30 days to decide whether to impose tariffs on imports of steel and aluminum from the European Union, Canada and Mexico, extending a period of uncertainty for businesses in those regions.

91. Guitar Legend Gibson Seeks Bankruptcy Protection -

NASHVILLE, Tenn. (AP) – The maker of the Gibson guitar, omnipresent for decades on the American rock 'n' roll stage, is filing for bankruptcy protection after wrestling for years with debt.

92. Conscious Capitalism: A Conversation With Selim Bassoul -

Editor’s note: Selim Bassoul is CEO of The Middleby Corp., an Elgin, Illinois-based manufacturer of commercial kitchen equipment, residential appliances and systems for industrial processing.

93. Fred’s CEO Resigns, Replaced By CFO -

The CEO of Memphis-based discount retailer Fred’s Inc. has left the company, less than two years into his run as the top executive and on the heels of a particularly volatile period for Fred’s that has seen other management shuffles, an uncertain turnaround strategy and a plummeting stock price.

94. Gibson Building Owners to Partner with Orgel Family -

The new owners of the Gibson Guitar Factory building in Downtown Memphis have partnered with a prominent local family to bring the prime parcel of land back to life. 

On Monday, April 30, New York-based real estate investment firm Somera Road Inc., which purchased the 150,000-plus-square-foot building and showroom located at 145 Lt. George W. Lee Ave. for $14.4 million in January, announced it would be partnering with Billy and Benjamin Orgel’s Orgel Family LP to redevelop the guitar factory.

95. Memphis Army Depot, CA Building Get New Owners -

2028 Memphis Depot Pkwy.
Memphis, TN 38114

Sale Amount: $50 million

96. Once America's Best-Selling Car, The Ford Taurus Dies, Again -

DETROIT (AP) – A car that once was America's top-seller is about to die – for a second time.

Ford Taurus, may you rest in peace at the salvage yard.

Blame the full-size sedan's slow demise on the national obsession with SUVs and Ford Motor Co.'s need to slash costs and remake itself for a new era of self-driving cars and shuttles.

97. Strickland and Weinshanker Trade Public Responses in Graceland Arena Controversy -

They aren’t talking directly to each other, but Memphis Mayor Jim Strickland and Graceland Holdings managing partner Joel Weinshanker traded public responses to each other Friday, April 27.

98. Memphis Industrial Park Sells for $50 Million -

The 4.2 million-square-foot Memphis Depot Industrial Park just north of Memphis International Airport has sold for $50 million.

Atlanta-based Ares Management and Mt. Kisco, New York-based Diamond Properties bought the 43-building industrial park and former U.S. Army supply depot from Mayfield Properties, the Dallas company that had owned it since 2011 under the name Memphis Depot Associates LLC.

99. Bookings for Southwest Fall After Fatal Accident -

DALLAS (AP) – Southwest Airlines says bookings are down since the fatal accident on one of its planes last week.

The company said Thursday that it expects revenue per mile, which tracks average prices, will drop between 1 percent and 3 percent in the April-through-June quarter. It said that 1 to 2 percentage points of the decline is due to slower sales since the April 17 accident that killed a passenger.

100. E. Coli Outbreak Linked to Romaine Lettuce Grows to 84 Cases -

PHOENIX (AP) – The E. coli outbreak linked to tainted romaine lettuce has grown and sickened 84 people from 19 states, U.S. health officials said Wednesday.

At least another 31 cases are believed to be tied to romaine lettuce grown in Yuma, Arizona, the U.S. Centers for Disease Control said.