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Editorial Results (free)

1. Digest -

Memphis Toys R Us

To Remain Open

A representative with Toys R Us has confirmed to The Daily News that the retailer’s Memphis location, at 7676 Polo Ground Blvd., won’t close after all.

2. Energy Savings Fuel Entegrity’s Growth -

With environmental issues becoming a more common consideration and saving money always in vogue, it’s a great time to be in the construction industry. Those are the sentiments of Entegrity Partners, which has benefitted from an industry shift in recent years to more sustainable buildings.

3. Valero Refinery in Memphis Wins Top Safety Award -

The Valero Memphis Refinery in South Memphis has been chosen to receive the Volunteer STAR (Safety Through Accountability and Recognition) Award, the Tennessee Department of Labor & Workforce Development has announced.

4. Events -

The Big River Crossing Half Marathon and 5K, benefiting Peer Power Foundation, will be held Saturday, Oct. 21. The half-marathon will be the first to allow participants to cross the Arkansas-Tennessee state line via the Big River Crossing, while the 5K will run a course through Downtown Memphis. Both races with start at Tom Lee Park, with the 5K beginning at 8 a.m. and the half-marathon at 8:30 a.m. Visit runsignup.com/Race/TN/Memphis/BigRiverCrossing for details and registration.

5. Valero Refinery in Memphis Wins Top State Safety Award -

The Valero Memphis Refinery in South Memphis has been chosen to receive the Volunteer STAR (Safety Through Accountability and Recognition) Award, the Tennessee Department of Labor & Workforce Development has announced.

6. Outsourcing by Any Other Name Still Not So Sweet -

Outsourcing is starting to become a four-letter word in state government.

Gov. Bill Haslam’s administration told lawmakers during a summer study session it’s giving up on privatization of state parks, including a plan to hire a company to raze the inn at Fall Creek Falls and build a new one, at a cost of more than $22 million, then take over the keys and the profits.

7. Brewer Named President Of Versant Supply Chain -

Buck Brewer has been promoted to president of Memphis-based Versant Supply Chain Inc. A 20-year veteran of the supply chain industry, Brewer joined Versant six years ago and had served as its chief operating officer since January 2014.
Brewer, 40, assumes the president’s position from Richard J. Peters, who will continue to serve as Versant’s chairman.
Over the past several years, Versant has expanded from a small freight brokerage into a provider of specialized labor, freight and flexible space solutions supporting large global supply chain organizations.
The company currently has 130 full-time employees and employs 3,000 full-time-equivalent associates through its partnerships with customers.
Brewer says that while most people would say his job is to oversee the day-to-day operation and overall growth strategy of the company, he believes his job is “to support the incredibly talented individuals that truly drive the company and make it what it is today.”

8. EDGE Adopts Changes to Diversity Policy -

After six months of deliberation, the Memphis-Shelby County Economic Development Growth Engine has ratified a diversity policy for its five PILOT programs.

The adopted program requires that companies receiving financial incentives from EDGE spend with local and minority-owned businesses an amount totaling 25 percent of the construction costs plus 15 percent of the projected PILOT savings for the duration of the property tax freeze. Exceptional performance will earn a company up to two years on its PILOT. If a company fails to meet the spending requirements, EDGE will reduce the terms of the PILOT by 20 percent or two years, depending on which is less.

9. Airline Complaints Rise Even as More Planes Arrive on Time -

DALLAS (AP) – More U.S. flights are arriving on time and airlines are losing fewer bags, yet more consumers are complaining about air travel.

Traveler complaints jumped 34 percent last year, to the highest level since 2000. The top frustration is problem flights including cancelations and delays, which is unchanged in 16 years.

10. Bipartisan Brakes for Governor Haslam’s Privatization Push -

Plans to put Tennessee’s real estate and government operations in the hands of private business are much further along than Gov. Bill Haslam would like people to think.

A master of downplaying big issues, Haslam says he’s simply looking for ways to make government run more efficiently and save money.

11. FedEx Records $2.2 Billion Pension Accounting Charge -

FedEx Corp. has changed accounting procedures for its pension plan in order to provide a more timely view of the plan’s performance.

12. FedEx Earnings Miss Wall Street Expectations -

FedEx Corp., hit by unfavorable currency exchange rates, lower fuel surcharges and special charges, reported lower-than-expected revenue and profits for the fiscal fourth quarter.

The Memphis-based company, which warned in March that currency and fuel issues could dampen results, reported a loss of $895 million, or $3.16 a share, for the quarter that ended May 31. That’s compared to a profit of $780 million, or $2.62 a share, over the same period last year.

13. FedEx Records $2.2 Billion Pension Accounting Charge -

FedEx Corp. will take a $2.2 billion charge as it changes pension accounting methods.

The Memphis-based company, which said the changes will provide a more timely view of the pension plan’s performance, will record the estimated $2.2 billion non-cash, pretax charge for the fourth quarter of fiscal 2015.

14. FedEx Records $2.2 Billion Pension Accounting Charge -

FedEx Corp. will take a $2.2 billion charge as it changes pension accounting methods.

The Memphis-based company, which said the changes will provide a more timely view of the pension plan’s performance, will record the estimated $2.2 billion non-cash, pretax charge for the fourth quarter of fiscal 2015.

15. Five of the Nation’s Finest -

Each year the U.S. Chamber of Commerce recognizes the contribution of small business to the national economy with the Blue Ribbon Small Business Awards. Five from Knoxville’s business community – The Tomato Head, Management Solutions LLC, Design Innovation Architects Inc., Visionary Solutions LLC and AMS Corp. – have been chosen for inclusion in the annual program.

16. Women Prove Mettle in Tough CRE Industry -

When Rosemarie Fair first entered the world of commercial real estate in the early 1980s, it was still a largely male-dominated profession and she felt the biting sting of disrespect.

“When you’re in property management as a female and you’re developing a Downtown mixed-use project, when you walked into a construction site the contractors and subcontractors just assumed here comes the owner’s wife, or the secretary,” said Fair, owner of One Source Commercial Inc. “The old adage back then was you had to work twice as hard to be thought of half as much and back then it was absolutely true. I had to start below zero and prove myself. And I did, and I was successful.”

17. Contractors Warn of Bad Surety Bonds -

A rash of bad construction project surety bonds in three states and American Samoa landed at Memphis International Airport this summer with plans to demolish the Regency Hotel on the grounds of the airport.

18. Builders of Obama's Health Website Saw Red Flags -

WASHINGTON (AP) — Crammed into conference rooms with pizza for dinner, some programmers building the Obama administration's showcase health insurance website were growing increasingly stressed. Some worked past 10 p.m., energy drinks in hand. Others rewrote computer code over and over to meet what they considered last-minute requests for changes from the government or other contractors.

19. Growing Field -

The days of buying a home appliance warranty and waiting for the appliance to break down are changing.

The president and CEO of American Home Shield says the business is changing to become more about the kind of preventative maintenance that businesses have relied on for some time to avoid unplanned work stoppages. And homeowners want 24-hour access as well as options that might include not having a home warranty but include the ability to get home repair service.

20. Client Satisfaction Key To Linkous’ Success -

Since its grand opening on May 2, 2010, Highland Church of Christ on Houston Levee Road in Cordova has been a special source of inspiration and promise for congregation member Rusty Linkous, owner and director of business development for Linkous Construction Co. Inc.

21. Haines Leads Pyramid Electric Through Growth -

A typical day for Pyramid Electric Inc. President Anita Haines starts at 4 a.m. That’s her “quiet time,” she says, particularly because when she arrives at her office at 7 a.m., the rest of the day is anything but quiet. Reviewing contracts, handling personnel issues, overseeing finances, writing policies and procedures, discussing projects with her extensive estimating team – her daily to-do list touches all aspects of the company she started 21 years ago.

22. Obama, Clinton Together Again Pitching Efficiency -

WASHINGTON (AP) – In a potent political pairing, President Barack Obama and former President Bill Clinton evoked a more prosperous time in America Friday as they jointly pushed a green jobs program that Obama said harkens back to the Clinton administration when "we were firing on all cylinders."

23. Gov't Aircraft Operations Often Lack FAA Oversight -

WASHINGTON (AP) – Nonmilitary government agencies own or lease thousands of aircraft, but they are often on their own when it comes to safety oversight of their operations – a situation that accident investigators say has contributed to air crashes and deaths.

24. US Auto Sales Up in September on Big Trucks -

DETROIT (AP) – Pickups and SUVs boosted U.S. autos sales in September as dealers offered promotions, gas prices fell and contractors replaced aging fleets of work trucks.

Truck sales at General Motors, Chrysler and Ford grew in the double digits, outpacing cars. The September increases built on a healthy performance in August, when new models, cheaper financing and pent-up demand lifted the industry after several disappointing months.

25. Construction Employment Edges Higher in May -

The U.S. construction industry added 2,000 jobs in May, according to the June 3 employment report by the Bureau of Labor Statistics.

Year over year, seasonally adjusted construction employment was unchanged.

26. Service Slips Destroy Confidence -

Important moments in life can sometimes be fraught with difficulty. My daughter, Colleen, last week engaged a department store to outfit my grandson, Gabriel, with a suit for his eighth-grade dance. Now this is not just any moment in life; it is a big deal. Because Gabriel is tall, she had to leave the jacket for the sleeves to be adjusted. Not a big deal, right? Until the phone call.

27. Peabody Soul Gala Nets $250K for MED -

Heavy soul and deep grooves were in the air at The Peabody hotel’s Grand Ballroom Friday night as 14 soul legends took the stage to raise money for The Regional Medical Center at Memphis and to celebrate two-time Grammy Award winner Peabo Bryson’s 60th birthday.

28. Flintco Wins ABC Safety Award -

Flintco LLC has been honored for having the one of the top building contractor safety programs in the country.

At last week’s Associated Builders and Contractors’ Excellence In Construction Awards Gala, Flintco was awarded the North American Industrial Classification System 236, 2 million-plus man-hour category. This the first year the leading national builder has received the honor.

29. Commercial Construction Spending Dips 0.7 Percent -

Private nonresidential construction spending dipped 0.7 percent in October and is down 20.7 percent for the year, according to a recent report by the U.S. Census Bureau.

Total nonresidential construction – which includes both privately and publicly financed construction – declined 0.1 percent from September and 9.9 percent from October 2009. Nonresidential construction spending totaled $562 billion in October on a seasonally adjusted annual rate basis.

30. Builders Group Predicts 'Slow Progress' for 2011 -

The Associated Builders and Contractors Inc. (ABC) predicts “grudgingly slow progress” in 2011 in its recently released 2011 economic forecast for the U.S. commercial and industrial construction industry.

31. Embracing Outsiders as Insiders -

No business is an island.

Besides all the people who are on your payroll, there are many outside contributors who are essential to your success. They may be suppliers who print your marketing materials or tech people who support your computer needs. Without their dedication to your mission, you couldn’t achieve your clients’ goals.

32. 'Extremely Depressed' -

Ask the owners and operators of the largest commercial construction firms in the Memphis area how things are going these days, and it’s hard to get a response that is not pessimistic.

“Extremely depressed,” said Henry Haizlip, owner and vice president of Grinder-Haizlip Construction Co. Inc., which was founded in 1992 and provides general construction services to commercial, industrial and manufacturing industries in the Mid-South area. “And that is not a light statement.”

33. Herenton Strikes Confident Pose Against Cohen -

Standing under a fiberglass swordfish at a Beale Street oyster bar Monday evening, former Memphis Mayor Willie Herenton held his first fundraiser.

Herenton, who is challenging U.S. Rep. Steve Cohen in the August Democratic primary, drew a crowd of about 80 to Silky O’Sullivan’s.

34. NAHB Economist Touts Homebuilding’s Reach -

Elliot Eisenberg, chief economist for the National Association of Home Builders, said he was instructed to make sure last week’s speech to local builders, real estate agents and elected officials was “fun” – never an easy task when discussing today’s housing market.

35. Golf Performance Center Slated For Timberlake’s Mirimichi -

6129 Woodstock Cuba Road
Millington, TN 38053
Permit Amount: $1.3 Million

Project Cost: $1.3 million
Permit Date: Applied October 2009
Completion: 2010
Owner: Big Creek Golf LLC
Tenant: Callaway Performance Center
Contractor: Eagle Contractors Inc.
Architect: N/A

36. Mirimichi to Build Performance Center -

Mirimichi golf course near Millington – the facility owned by megastar and Memphis native Justin Timberlake and his family – soon will begin work on the Callaway Performance Center, according to a $1.3 million building permit filed this week with the city-county Office of Construction Code Enforcement.

37. Valero Energy Files Permit For Rivergate Road Property -

A $760,000 building permit has been filed with the city-county Office of Construction Code Enforcement for a property at 490 N. Rivergate Road. The owner and tenant are listed as San Antonio-based Valero Energy Corp. and the general contractor is listed as Performance Contractors Inc., headquartered in Baton Rouge, La.

38. Old BellSouth Building to be Demolished -

The multistory building at 1544 Madison Ave. in Midtown once occupied by BellSouth is being demolished by city order.

39. Layoffs Spike, Housing Rumbles; Outlook Worsens -

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

40. Dow Chemical To Slash 5,000 Jobs, Close 20 Plants -

NEW YORK (AP) – Dow Chemical Co. announced Monday it will slash 5,000 full-time jobs – about 11 percent of its total work force – close 20 plants and sell several businesses to reign in costs amid the economic recession.

41. BlueCross BlueShield of Tenn. Settles Suit in NJ -

CHATTANOOGA, Tenn. (AP) - BlueCross BlueShield of Tennessee has agreed to pay $2.1 million to settle a federal complaint over Medicare charges in New Jersey.

The U.S. Justice Department said Monday that the settlement involves Riverbend Government Benefit Administrators, a BlueCross subsidiary that provides Medicare payment services for about 4,300 health care providers in 47 states.

42. Wachovia Loses $8.9B, Cuts 6,350 Workers, Dividend -

CHARLOTTE, N.C. (AP) – Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street’s hopes that the nation’s big banks are weathering the credit crisis well. The nation’s fourth-largest bank by assets said it lost $8.86 billion, is slashing its dividend and eliminating 10,750 positions after losses tied to mortgages soared.

43. Economists Expect Anemic Second-Half Growth -

WASHINGTON (AP) – Call it the big fizzle. The hoped-for second-half economic rebound is looking to be lethargic, with the country straining under high energy prices and fallout from the housing and credit debacles.

44. Earnings Preview: FedEx -

NEW YORK (AP) - FedEx Corp. reports earnings for its fiscal third quarter today. The following is a summary of key developments and analyst opinion related to the period available by press time.

45. Minority Contracts Trigger Ethics Buzz -

Minority-led business contracts in Memphis and Shelby County are apparently such a hot commodity, some political figures who double as private consultants are willing to go to great lengths to procure them for their clients.

46. Archived Article: Law - LAW FOCUS - TACS update

Construction Attorneys Find Niche in Growing Group


The Daily News

Almost two years ago, the Tennessee Association of Construction Counsel was incorporated to meet the needs of Tennessee lawyers w...

47. Archived Article: Daily Digest - Employment poll predicts

Employment poll predicts

modest gains for Memphis

The latest poll of quarterly staffing plans released Monday by Manpower Inc. reveals Memphis job seekers can expect tepid waters in the employment pool this spring. ...

48. Archived Article: Market Briefs - The Sixth Annual Sherry Park Memorial Golf Scramble, sponsored by Crye-Leike Realtors and the Hank Park trust, raised $11,000 The Sixth Annual Sherry Park Memorial Golf Scramble, sponsored by Crye-Leike Realtors and the Hank Park trust, raised $11,0...

49. Archived Article: Real Focus - By JENNIFER MURLEY Knowledge is power when dealing with lead-based paint By JENNIFER MURLEY The Daily News Lead-based paint. By now, most people know it can be hazardous, particularly to children age 6 and under. According to the U.S. Environmental ...

50. Archived Article: Market Briefs - The Marriott Downtown announced it has completed renovating its 400 guest rooms The Marriott Downtown announced it has completed renovating its 400 guest rooms. This first phase of the $14 million renovation also includes four hospitality suites, th...

51. Archived Article: Law Focus (workforce) - By STACEY PETSCHAUER Streamlining the system Integrating state work force development components into one agency is designed to eliminate duplication of services By STACEY PETSCHAUER The Daily News A new bill presented to the state legislature earli...

52. Archived Article: Real Briefs - The value of new construction starts decreased 5 percent in March to a seasonally adjusted annual rate of $329 The value of new construction starts decreased 5 percent in March to a seasonally adjusted annual rate of $329.3 billion, according to the...

53. Archived Article: Tech Focus Chg - Dun & Bradstreet Building on the Net Dun & Bradstreet and ConstructionNet announce joint Internet services By CAMILLE H. GAMBLE The Daily News Dun & Bradstreet and ConstructionNet LLC announced this week they are providing information se...

54. Archived Article: Hotels Chg - Hotel construction up in third quarter Hotel construction keeps pace with 96   By CAMILLE H. GAMBLE The Daily News Going into the fourth quarter, hotel construction is down slightly in Shelby County from the same period a year ago. However, two...

55. Archived Article: Marketplace Briefs - Sedgwick Noble Lowndes, a benefits consulting firm, announced that the Memphis office, lead by James R Sedgwick Noble Lowndes, a benefits consulting firm, announced that the Memphis office, lead by James R. Griffin, has won the companys 1996 Office ...

56. Archived Article: Consumer Chg - By CAMILLE H Surf before you shop Hundreds of sites on the Internet can help consumers make smart buys By CAMILLE H. GAMBLE The Daily News In the past year, the Internet has become an avenue for buying products, but what more people are discovering ...

57. Archived Article: Bartlett Lj - lj 10/5 cates Home for the arts Bartlett center scheduled for construction in 1996 By LAURIE JOHNSON The Daily News The Bartlett Planning Commission is moving ahead with the newest element of its city-wide five-year capital improvements plan. Site p...