Editorial Results (free)
1. Last Word: Fred's Post Mortem, Karen Camper on Guns and Pentatonix at Calvary
- Thursday, December 22, 2016
Who knew Fred’s could become probably the most complex local business story of the year? More post mortem on the $950 million deal announced this week in which the Memphis-based corporation bought 865 Rite Aid stores from Walgreens and Rite-Aid, who are working toward an acquisition and merger deal of their own.
2. Pot Vote Seen as Foothold in Memphis Criminal Justice Changes
- Thursday, October 06, 2016
There were two gateway debates in Memphis City Council chambers Tuesday, Oct. 4, as it debated and then approved an ordinance that gives Memphis Police the discretion to write a ticket with a $50 fine for possession of a half ounce or less of marijuana.
3. Council Passes Pot Ordinance 7-6
- Wednesday, October 05, 2016
The Memphis City Council gave final approval Tuesday, Oct. 4, to an ordinance that gives Memphis Police the discretion to write a ticket with a $50 fine for possession of a half ounce or less of marijuana.
4. Morgan Promoted to CFO At Pyro’s Fire Fresh Pizza
- Wednesday, October 05, 2016
Marty Morgan has been promoted to chief financial officer at Pyro’s Fire Fresh Pizza amid the Memphis-based company’s expansion into other regional markets. In his new role, Morgan will oversee corporate functions at the Memphis headquarters and continue to build out the personnel and technology infrastructure needed to support regional growth while making sure financial performance stays on track.
5. Grizzlies Launching Grind City Media
- Saturday, September 24, 2016
The Memphis Grizzlies are launching their own in-house media brand at grizzlies.com and have hired a long-time NBA writer from ESPN to head up the effort.
6. Council Sets Stage for Final Pot Ordinance Vote
- Wednesday, September 21, 2016
With no debate, Memphis City Council members approved Tuesday, Sept. 20, the second of three readings of an ordinance that would allow police officers to write a ticket with a $50 fine for possession of less than a half ounce of marijuana.
7. Court Sides with Trader Joe's in Suit Over Alleged Knockoff
- Monday, August 29, 2016
SAN FRANCISCO (AP) — A federal appeals court has revived a trademark lawsuit by grocery chain Trader Joe's against a man who purchases the company's products and resells them in Canada at a store designed to mimic a real Trader Joe's.
8. Memphis City Council's Pot Debate Fires Up Larger Issues
- Tuesday, August 23, 2016
The Memphis City Council’s move to decriminalize possession of less than a half ounce of marijuana started with a mix of long-running themes about mass incarceration, the best use of police resources and the message the ordinance would send about drug use.
9. Last Word: Bearwater's Week, Deannexation's Return and City Hall's Transparency
- Monday, August 22, 2016
Former President Jimmy Carter and his wife and first lady Rosalynn Carter arrived in the city Sunday for a week of work in North Memphis on the Habitat for Humanity subdivision Bearwater Park.
10. CLERB Powers Amended Again, Charter Amendment Possible
- Wednesday, August 10, 2016
Memphis City Council members took another try Tuesday, Aug. 9, at giving the Civilian Law Enforcement Review Board subpoena power in investigating allegations of police misconduct, not quite a year after its first try.
11. Last Word: Democrats Settle, Scotty Moore and the Top Cop Search
- Wednesday, June 29, 2016
Tennessee Democratic Party Chairman Mary Mancini ordered the Shelby County Democratic Party to settle its differences with former local party chairman Bryan Carson Tuesday and accept his offer to repay the party $6,000 at $100 a month..
12. Duke Takes Reins at Friends for Life
- Wednesday, February 24, 2016
Longtime nonprofit administrator Diane Duke recently took the helm of Friends for Life as its new executive director. In her new role, the Los Angeles native leads and oversees an organization that’s helping those affected by HIV/AIDS through the provision of education, housing, food, transportation and healthy life skills training.
13. New Brass
- Saturday, February 06, 2016
Just days before Toney Armstrong was off the city payroll, his successor as interim director of the Memphis Police Department, Michael Rallings, was getting used to the attention and ring kissing that comes with being the city’s top cop.
14. Rotten to the Core: Titans Fail to Develop Talent
- Saturday, December 19, 2015
As the Tennessee Titans sink toward the end of another lackluster season, they head into the off-season with still more holes to fill for 2016.
Some of that, of course, is inevitable with any team as an NFL roster. Even on the best teams can have a 20 percent roster turnover in the off-season due to injuries, free agency and new draft picks coming on board.
15. Creating A Commercialization Culture
- Monday, November 02, 2015
How to Create a Culture Where You Can Capitalize on Innovation: A presentation by Jay Morgan, VP Global Innovation Bayer Consumer Care, given at the Back end of Innovation Conference, October 2015.
16. Five City Council Races Destined for Runoffs
- Friday, October 09, 2015
The identity of the Memphis City Council that will take office in January with six new members was still in flux at the end of a very long and frustrating Oct. 8 election night.
The races for four of those six open seats and the seat now held by an appointee to the council are going to a Nov. 19 runoff election – one week before Thanksgiving.
17. Is State’s Role to Provide a Service or Turn a Profit?
- Thursday, September 03, 2015
Tennessee Gov. Bill Haslam appears to be on the brink of privatizing state government. But he won’t be able to do it without a battle, especially from university unions and Democratic lawmakers.
18. Fisher, Other Familiar Faces Return for Preseason Play
- Saturday, August 22, 2015
The Tennessee Titans welcome back a familiar face Sunday night when Jeff Fisher rolls back into Nashville as coach of the St. Louis Rams.
19. Memphis Mayoral Field Set at 10
- Friday, July 24, 2015
Shelby County Election Commissioners have certified the Memphis election ballot for Oct. 8.
These are the names to appear on that ballot for the 15 elected offices.
The commission met hours after the noon Thursday, July 23, deadline for candidates to withdraw from the ballot if they wished.
20. TruGreen Selects East Memphis for New Headquarters
- Friday, May 29, 2015
TruGreen is moving more than 300 Memphis-area employees and its corporate headquarters to a 65,000-square-foot space at the Forum II office building in East Memphis, the company announced Friday.
The new headquarters, which will eventually house up to 400 of TruGreen’s corporate associates, will be part of the three-building Forum Office Complex, situated at the intersection of Kirby Parkway and Poplar Avenue.
21. Dr. Neil Bomar Joins Support Solutions
- Wednesday, April 22, 2015
Dr. Neil Bomar has joined Support Solutions as its first staff psychiatrist, a role in which he will help individuals with intellectual disabilities and those with a history of long-term mental illness who are currently supported by the organization. Bomar’s addition makes Support Solutions one of the only industry providers in the Mid-South to provide this level of support.
22. Highland Capital Management Merges With Florida Firm
- Thursday, April 02, 2015
Memphis-based investment firm Highland Capital Management has merged with a Florida-based financial firm.
Highland Capital has acquired the assets of ICC Capital Management, a combination that increases client assets under management at Highland to $2.8 billion. As a result, Highland’s parent company, Louisiana-based wealth management firm Argent Financial Group, is now responsible for client assets of more than $11 billion.
23. Lowery Installed as President of Association for Women Attorneys
- Wednesday, February 18, 2015
Keating Lowery has been installed as the 2015 president of the Association for Women Attorneys. As an attorney with Lawrence & Russell PLC, Lowery devotes her practice to litigating Employee Retirement Income Security Act matters on behalf of employers, plan fiduciaries and third-party administrators throughout the United States.
24. Fed Stays 'Patient' on Rates While Noting Improving Economy
- Thursday, January 29, 2015
WASHINGTON (AP) – The Federal Reserve reiterated Wednesday that it will be "patient" in raising interest rates from record lows even as the U.S. economy moves steadily closer to full health.
25. Developers Swing, Miss in Attempt to Buy Prime Germantown Locale
- Saturday, August 30, 2014
The first time I stepped into this mustard-yellow building at 300 Jefferson Street to ask how it felt to have the Nashville Sounds moving in across the street, Wayne Woelk, 50, was having a heart attack.
26. McKinney Named Branch Manager at Waddell & Reed
- Wednesday, July 23, 2014
Mack McKinney has been promoted at Waddell & Reed to district branch manager for the Memphis area. McKinney has been with the financial advisory firm for five years, holding management positions for four of those years.
McKinney works to develop field leaders and help financial advisers leverage their strengths and experiences to build successful practices. He serves as mentor to both new and seasoned financial advisers and says he’s committed to building an office that demonstrates the collective passion shared for clients and the community.
27. Citigroup to Pay $7 Billion in Subprime Mortgages Probe
- Tuesday, July 15, 2014
WASHINGTON (AP) – Citigroup agreed Monday to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst financial crisis in decades.
28. Lawmakers Press GM on Report's Findings
- Thursday, June 19, 2014
WASHINGTON (AP) – Lawmakers expressed disbelief Wednesday at General Motors' explanation for why it took 11 years to recall millions of small cars with defective ignition switches, and also confronted its chief executive with evidence that the company dragged its feet on a similar safety issue in different vehicles.
- Monday, June 09, 2014
Methodist South Hospital will host a stroke support group meeting for survivors and caregivers Monday, June 9, at 5:30 p.m. in the outpatient rehabilitation center, 1251 Wesley Drive, suite 141. Dr. Hafiz Elahi will present “Stroke From the Neurologist’s Perspective.” Email firstname.lastname@example.org or email@example.com.
30. Pahlow Wins Broker of the Year
- Monday, April 07, 2014
After enduring early struggles in his commercial real estate career, Scott Pahlow has reached the top of his industry.
Pahlow, an executive vice president with Newmark Grubb Memphis, was named Commercial Broker of the Year Thursday night at the Memphis Area Association of Realtors Commercial Council’s 13th annual Pinnacle Awards gala.
31. MalmoMemphis Completes Three Law Firm Leases
- Friday, February 28, 2014
Three Memphis law firms represented by MalmoMemphis Real Estate Inc. have renewed their office leases or leased new spaces.
32. Innovation for the Rest of Us
- Monday, February 24, 2014
Innovation, as a discipline, tends to be special assignment work that is reserved for the creative hotshots, iconoclasts, those in hot spots like Palo Alto, or on an esteemed university campus, such as MIT.
33. Espitia Joins Michael Hatcher as Chief Financial Officer
- Wednesday, January 22, 2014
Ed Espitia has joined Michael Hatcher & Associates Inc. as chief financial officer. Espitia comes to the Memphis-based landscape services firm after serving since 2010 as finance manager for Schulz Xtruded Products, a Germany-based pipe maker with operations in North Mississippi.
34. KBM Group Growing at Clark Tower
- Friday, January 17, 2014
A digital marketing agency is expanding at Clark Tower in East Memphis.
KBM Group, which is part of Wunderman/WPP, one of the world’s largest marketers, is expanding at Clark Tower less than a year after moving into the East Memphis office building, 5100 Poplar Ave.
35. Meadows Appointed to State Dentistry Board
- Wednesday, December 04, 2013
Dr. Dan T. Meadows has been appointed to the Tennessee Board of Dentistry by Gov. Bill Haslam. Meadows, who has a private practice on Walnut Grove Road, will serve as the Rotating Dentist member through June 2016.
36. Latest Federal Internet Gambling Bill Proposes Tax
- Tuesday, November 19, 2013
LAS VEGAS (AP) – If Congress makes no progress on a national framework for online gambling this session, it won't be for a lack of legislation.
Two lawmakers introduced bills over the summer that would legalize some form of Internet gambling nationwide. Last week, Rep. Jim McDermott, a Democrat from Washington, introduced a bill that would tax federally-sanctioned online wagering.
37. Sesley-Baymon Named CEO of Memphis Urban League
- Wednesday, November 13, 2013
Tonja Sesley-Baymon has been appointed president and CEO of the Memphis Urban League by its board of directors. Sesley-Baymon, who has worked with the league for eight years, previously served as programs director for the 70-year-old organization. In her new role, she will provide executive leadership to the league and advocate on behalf of social justice and economic issues affecting Memphis.
38. Suburban Voters Decide School Board Races
- Friday, November 08, 2013
Voters in Shelby County’s six suburban towns and cities elected their respective municipal schools boards Thursday, Nov. 7 with low voter turnouts that reflected that most of the school board positions on the ballots were one-candidate uncontested races.
39. Office Team Helps Colliers Expand Local Footprint
- Friday, October 04, 2013
As a part of the Colliers International office in Memphis’ growth strategy, the brokerage office has been expanding its presence in the office sector over the past year by adding a new office team consisting of Frazier Baker and Will Barden.
40. Early Voting Expands in District 91 Primary
- Friday, September 27, 2013
Early voting in the Democratic primary special election for State House District 91 expands Friday, Sept. 27, from the Shelby County Election Commission’s Downtown offices, 157 Poplar Ave., to three satellite locations.
41. Boyle Sells More Lots at Spring Creek Ranch
- Friday, August 09, 2013
After an initial offering went so well earlier this year, a group of area homebuilders has acquired 17 more lots at The Village at Spring Creek Ranch from Boyle Investment Co.
42. Five Years in the Life
- Saturday, June 22, 2013
Delta Airlines and Northwest Airlines has just merged with more than 150 flights a day at Memphis International Airport shifting to the Delta brand. And Delta’s CEO, Richard Anderson, said Memphis would be an integral hub with more traffic.
43. University Cabanas Sell for $2.1 Million
- Tuesday, June 04, 2013
2059 Vollintine Ave., Memphis, TN 38107
Sale Amount: $2.1 million
Sale Date: May 20, 2013
44. TJX Leases Up Chickasaw Building D
- Tuesday, March 12, 2013
The TJX Cos. Inc. has inked a substantial deal in Southeast Memphis, representing the largest industrial lease so far in 2013.
- Saturday, February 16, 2013
It was almost 40 years ago, but Nancy Smith remembers the one year the men’s pro tennis tournament was held at the Mid-South Coliseum; her father had box seats. But even more memorable is that not long after the tournament moved to The Racquet Club of Memphis, a young and unknown Czech player came to town and, in that far simpler time, stayed at her parents’ house.
- Saturday, February 09, 2013
Memphis Child Advocacy Center will hold its Works of Heart valentine auction, featuring works by more than 100 local artists, Saturday, Feb. 9, from 7 p.m. to 10 p.m. at Memphis College of Art, 1930 Poplar Ave. Visit memphiscac.org.
47. Madewell Coming to Saddle Creek
- Friday, February 08, 2013
The Shops of Saddle Creek in Germantown will soon gain another national retailer with no other presence in Tennessee.
Madewell, a subsidiary of J. Crew Group Inc., has signed a 3,061-square-foot lease in The Shops of Saddle Creek North, 7509 Poplar Ave., in part of the space that was previously The Gap in between James Avery Jewelry and Brighton Collectables.
48. Ravens’ Cox Long Snaps Way Into Anonymity
- Friday, February 01, 2013
There’s more than one way to reach the big game.
For Briarcrest Christian School graduate Michael Oher, his journey was storybook and he’ll start on the offensive line for the Baltimore Ravens on Sunday, Feb. 3, when they play the San Francisco 49ers at the Superdome in New Orleans.
49. Citigroup to Cut 11,000 Jobs
- Thursday, December 06, 2012
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.
50. I-Bank Grows in Namesake East Memphis Office Tower
- Friday, November 30, 2012
Independent Bank has expanded its headquarters at I-Bank Tower to primarily accommodate its Mortgage Lending Division.
51. Obama Carries Shelby, Cohen Over Flinn and Two Tax Hikes Defeated
- Wednesday, November 07, 2012
President Barack Obama carried Shelby County in unofficial Nov. 6 election returns as his Republican challenger Mitt Romney took the state’s 11 electoral votes.
Voter turnout in the most popular election cycle among Shelby County voters was 61.9 percent, about the same percentage as four years ago. But the 371,256 voters is fewer than 2008 when more than 400,000 Shelby County voters cast ballots. The percentage is about the same because there are fewer registered voters in Shelby County than there were four years ago after a purge by election officials.
52. Green Girl to Create Indoor Vertical Farm
- Wednesday, November 07, 2012
A group of food professionals is working toward supplying restaurants with local produce while improving the health of Memphians and fighting urban blight.
Green Girl Produce plans to leverage technology to create the city’s first indoor vertical farm, providing the community with cost-effective, year-round organic mircogreens. By leasing an old 1,260-square-foot liquor store at 2655 Broad Ave., the space has the potential to store up to 2,500 square feet of growing room.
53. After Pandit, a Smaller Citigroup Could Get Smaller Yet
- Thursday, October 18, 2012
NEW YORK (AP) – The incredible shrinking bank may have to shrink more.
In the hours after Tuesday's surprise announcement that Citigroup CEO Vikram Pandit was stepping down, speculation was rife, and facts scant, about what lay ahead for the nation's third-largest bank.
54. Suburban School Board Races Almost Set
- Friday, August 17, 2012
Races on the Nov. 6 ballot for six sets of suburban school boards took shape Thursday, Aug. 16, at the noon filing deadline for candidate qualifying petitions.
The candidates that made the deadline have another week to withdraw from the races if they wish.
55. JPMorgan Loss Sets Off Call for Heavier Regulation
- Monday, May 14, 2012
WASHINGTON (AP) – A surprise $2 billion trading loss by a division of JPMorgan Chase triggered calls Friday for tougher regulation of banks three years after their near-death experience in the financial crisis.
56. Cohen-Hart in Congressional Race at Filing Deadline
- Friday, April 06, 2012
The chairman of the countywide school board, Billy Orgel, was effectively elected to his District 7 school board seat without opposition at the Thursday, April 5, filing deadline for candidates on the Aug. 2 primary and general election ballot in Shelby County.
57. Goldman Manifesto Echoes Past Questions About Bank
- Monday, March 19, 2012
The young banker whose dramatic public resignation stung Goldman Sachs this week joins officials from every corner of the government in questioning whether the august investment house deals honestly with all its clients.
58. J.C. Penney Gets Rid of Hundreds of Sales
- Thursday, January 26, 2012
NEW YORK (AP) – J.C. Penney is permanently marking down all of its merchandise by at least 40 percent so shoppers no longer have to wait for sales to get bargains.
Penney said Wednesday that it is getting rid of the hundreds of sales it offers each year in favor of a simpler approach to pricing. Starting on Feb. 1, the retailer is rolling out an "Every Day" pricing strategy with much fewer sales throughout the year.
59. Research Analyst Joins Morgan Keegan
- Friday, June 03, 2011
Michael Nemeroff has joined Morgan Keegan & Co. Inc. as a managing director and senior equity research analyst following the enterprise software industry.
60. Peabody Soul Gala Nets $250K for MED
- Tuesday, April 19, 2011
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.
61. Roundtable Tackles Trademark Infringement
- Thursday, March 31, 2011
The law firm of Baker Donelson Bearman Caldwell & Berkowitz PC will hold a roundtable discussion Thursday on the topic “Use of Competitor’s Trademark in Keyword Advertising: Infringement or Not?”
The event is part of the American Bar Association’s Intellectual Property litigation series.
62. Interstate Brands Renews, Expands Lease
- Friday, January 14, 2011
Interstate Brands Corp. has renewed and expanded its lease in the Germantown Park - Kimbrough Building in Cordova, more than doubling its footprint.
63. Less Worried About Layoffs, Jobholders Spend More
- Tuesday, January 11, 2011
WASHINGTON (AP) – A steady decline in layoffs is giving the vast majority of adults who have jobs the confidence to spend more freely and help energize the economy. They no longer worry so much about losing their jobs.
64. Banks Shift Focus to Growing Assets
- Monday, December 20, 2010
A little more than half of the two dozen banks the Federal Reserve Bank of St. Louis lists as based in the Memphis market have grown their asset base over the past year.
65. Fallout Over Morgan Keegan Funds Continues
- Thursday, October 14, 2010
After losing a $7.1 million arbitration claim last month against Morgan Keegan & Co., the lawyer for a group of investors that includes the former chairman of the U.S. Chamber of Commerce is preparing to renew the fight against the Memphis firm in Shelby County Chancery Court.
66. Memphis Area Teachers’ Credit Union Appoints Weickenand CEO
- Wednesday, September 15, 2010
Daniel Weickenand has been appointed chief executive officer of Memphis Area Teachers’ Credit Union. Weickenand’s appointment follows a year-long, nationwide executive search.
Hometown: Houston, Texas
Education: BBA in Accounting and an MBA at the University of Texas San Antonio
Work Experience: CEO of MATCU; chief financial officer, FedEx Credit Association; chief financial officer, HEB FCU; Public Accounting
Family: Wife, Diane; Children, Leah, 18, Michael ,16, and Cole 13
Favorite quote: “We will either find a way or make one.” – Hannibal
Last book read: “The Mother Tongue – English and How It Got That Way” by Bill Bryson
Favorite music: Americana
Favorite movie: “The Godfather”
Sports team: Houston Astros
Activities you enjoy outside of work: Playing guitar, reading, live music and spending time with my family
What talent do you wish you had? I would like to play guitar as well as Joe Restivo.
Who has had the greatest influence on you? The greatest influence comes from the members who have entrusted their financial resources with the institutions where I have worked.
What attracted you to Memphis Area Teachers’ Credit Union? The appeal is the opportunity to do great things for the entire community by providing low-cost financial products and services.
What do you consider your greatest professional accomplishments? Turning around troubled institutions and making them successful
What do you most enjoy about your work? I really get pleasure from working to improve the financial lives of everyday individuals.
67. Germantown’s ‘Godspell’ Steeped With Everyday Life
- Tuesday, September 07, 2010
It’s not uncommon for theater directors to couch old standards in new, quirky settings, but when quirks are a play’s hallmark, sometimes simplicity makes for a welcome change.
Such may be the case for Germantown Community Theatre’s 39th season opener, “Godspell,” the extremely versatile retelling of the Gospel of St. Matthew, written by John-Michael Tebeleak with music and lyrics by Stephen Schwartz.
68. Analyst Downgrades Medtronic Stock to ‘Neutral’
- Tuesday, August 10, 2010
A J.P. Morgan analyst has downgraded Medtronic’s stock, predicting a difficult outlook for earnings growth.
Analyst Michael Weinstein lowered the company’s rating from “Overweight” to “Neutral” on challenges to the company’s spine franchise, its second-largest business.
69. California Judge Rejects Morgan Keegan Appeal of $1.5M Award
- Tuesday, July 06, 2010
A federal judge in California has thrown out an attempt by Morgan Keegan & Co. to vacate a nearly $1.5 million arbitration award won against the firm by retired NBA star Horace Grant.
70. Freddie Mac Executive VP Dismissed
- Tuesday, June 29, 2010
MCLEAN, Va. (AP) — Freddie Mac has announced one of its executive vice presidents was fired last week.
In a regulatory filing Friday, the mortgage finance company gave no reason for Michael Perlman's "termination."
71. RedRover Emerges From Incubator
- Tuesday, June 22, 2010
About six months ago the team at RedRover noticed quarters were getting a little cramped. The sales and marketing company is one of about 26 percolating in the business incubator EmergeMemphis.
And although RedRover hadn’t yet been there the three to five years typical for companies in the program, its phenomenal business growth and expanding staff made managing partner Lori Turner began thinking it might be time to move into their own space. ”We just felt it was time to have our own footprint — our own space,” Turner said.
72. Morgan Keegan Adding To Investment Banking Group
- Tuesday, April 06, 2010
Morgan Keegan is already expanding the investment banking group it created a few weeks ago with the addition of two managing directors.
The Memphis-based investment firm has hired Barry Donovan and Michael Chevalier-White as managing directors of the investment banking group.
73. Ford Prison Transfer Follows Attorney Change
- Tuesday, February 23, 2010
Former state Sen. John Ford likely won’t have a lot to say if he’s called to testify during a Memphis federal trial next month, his attorney said in a recent court filing.
74. Ex-NBA Player Gets $1.5M in RMK Fund Dispute
- Tuesday, September 15, 2009
A retired professional basketball player has won what may be the largest award yet from a financial industry panel hearing claims involving a group of former Regions Morgan Keegan mutual funds.
Four-time NBA champion Horace Grant has won almost $1.5 million in an arbitration claim he filed over his losses in the RMK funds.
In his statement of claim, Grant said he suffered losses of almost $1.5 million in some of Morgan Keegan & Co. Inc.’s “highly speculative proprietary funds, which were not in (his) best interest.” A Morgan Keegan spokesman was not immediately available for comment.
Grant, who retired in 2004, played as a power forward for the Chicago Bulls in the 1990s alongside star players Michael Jordan and Scottie Pippen. He was playing for the Los Angeles Lakers when he retired.
Grant’s attorney, Chicago securities lawyer Andrew Stoltmann, said Grant had wanted a stable place to park his money so it would provide a steady income for his retirement years. His statement of claim says Grant was familiar with Regions Bank and “trusted the Morgan Keegan name.”
Memphis-based Morgan Keegan is a subsidiary of Alabama-based Regions Financial Corp.
Offense and defense
New York-based Hyperion Brookfield Asset Management last summer took over the troubled RMK funds, several of which lost the majority of their value in a staggering fall beginning in 2007.
“What (Grant) got was a derivative-laced, hedge-fund-like investment that lost 90 percent of its value,” Stoltmann said. “He’s a guy who retired from the NBA and wanted conservative, stable investments so he could live off of that money.”
A Financial Industry Regulatory Authority (FINRA) panel made the decision in Grant’s case. Generally, the FINRA panels don’t explain their decisions.
FINRA panels have announced several big dollar RMK-related awards this year, with some of them going to prominent investors.
Memphis native and baseball broadcaster Tim McCarver was awarded $100,000 in compensatory damages in February stemming from his RMK losses.?A former NFL player for the Kansas City Chiefs, Memphis native Jerome Woods, won $950,000 this year after filing an arbitration claim over his RMK losses.
Referring to a FINRA panel’s decision about Woods’ claim, Morgan Keegan spokeswoman Kathy Ridley said in April: “Overall results support our belief that there were no improprieties in the management of these funds. We plan to continue a vigorous defense of all claims.”...
75. CIT Shares Jump as Lender Seeks Rescue Financing
- Monday, July 20, 2009
NEW YORK (AP) - CIT Group Inc.'s shares doubled Friday as the commercial lender held talks with several large banks about securing emergency financing in hopes of avoiding a bankruptcy filing.
76. Hot Flavor: Plain Vanilla
- Friday, July 17, 2009
The Federal Reserve Bank of San Francisco in April reached an agreement with a bank holding company there limiting its activities in several areas, including the payment of dividends.
77. Auto Suppliers to Get $5 Billion in Aid
- Friday, March 20, 2009
WASHINGTON (AP) - The Treasury Department, trying to stabilize the battered auto industry, will provide up to $5 billion in financing to troubled auto parts suppliers who are linked to Detroit's carmakers, officials said Thursday.
78. Banks Wage Rate War for Deposits
- Monday, November 17, 2008
Banks across the U.S. are engaged in a heated competition for deposits as the battered industry tries to shore up its funding sources.
From giant Citigroup Inc. to tiny S&T Bancorp Inc. – which is based in Indiana, Pa. and has just 55 branches – banks are responding to uncertain times by sharply increasing the interest rates paid on deposits.
79. Renasant Names Wiegert VP, Mortgage Production Manager
- Wednesday, November 12, 2008
Michael Wiegert has been named vice president and mortgage production manager for Renasant Bank in Memphis.
80. Corporate Bond Rates Keep Rising, Portend Defaults
- Wednesday, October 29, 2008
NEW YORK (AP) - The recent decline in bank-to-bank lending rates is having no effect on corporate bonds, which continue to plunge in value – a sign that the market believes more loan defaults and a wave of bankruptcies are ahead for U.S. companies.
81. Steel Maker Nucor's Profit Soars on Acquisitions
- Friday, October 17, 2008
PITTSBURGH (AP) - Steel maker Nucor Corp. said Thursday third-quarter earnings nearly doubled, helped by higher sales from recently acquired steel and scrap-metal companies.
82. Fed Could Suffer with New Role
- Tuesday, September 23, 2008
The Federal Reserve, responding to the nation's worst financial crisis since the Great Depression, is stepping into its most political role ever - using government funds and its credibility to end the turmoil.
83. Wilson Named CBU Dean Of Graduate, Professional Studies
- Wednesday, July 30, 2008
Dr. Patrick Wilson has been named dean of the Graduate and Professional Studies program at Christian Brothers University.
Wilson will lead the marketing, recruitment and retention for evening undergraduate programs and graduate programs as well as have responsibility for the financial planning and administrative operations.
- Thursday, January 17, 2008
Women on the Move will host a luncheon today at 11:30 a.m. at The Crescent Club, 6075 Poplar Ave., ninth floor. My Harrison, special agent in charge of the FBI Memphis field office, is the featured speaker. The cost is $19.50 per person. For reservations, call 684-1010.
- Tuesday, January 15, 2008
The Memphis Rotary Club will meet today at noon in Ballroom B of the Memphis Cook Convention Center, 255 N. Main St. A lunch buffet will be provided for $18. Dr. George Nicopoulos and Maurice Elliott will be the speakers. Reservations should be made to Taylor Hughes at 526-1318 or firstname.lastname@example.org.
- Monday, January 14, 2008
The InMotion Musculoskeletal Institute today will present its Musculoskeletal Lecture with Dr. Stuart Goodman with social hour beginning at 5 p.m. and the lecture beginning at 6 p.m. at the FedEx Institute of Technology, 365 Innovation Drive. For reservations, contact Gretchan Mishler at 271-0000 or email@example.com.
87. Archived Article
- Tuesday, December 18, 2007
8580 Tournament Drive
Memphis, TN 38125
Sale Amount: $3 million
Sale Date: Nov. 30, 2007
Buyer: Heico Holding Inc.
88. BBAC Slated to Buy Back Yard Burgers Chain For Almost $40M
- Tuesday, June 12, 2007
Back Yard Burgers Inc. will be acquired this year by the Atlanta-based private equity firm BBAC LLC and its wholly owned subsidiary BBAC Merger Sub Inc. for $38 million, the companies announced Monday.
- Friday, February 23, 2007
MusiCares offers a free health fair for registrants of the 2007 International Folk Alliance Conference through Saturday from 1 p.m. to 6 p.m. each day at the Cook Convention Center, 255 S. Main St. Free services such as massage therapy, foot exams, spinal exams, cholesterol tests and other procedures will be offered along with workshops. Contact Morgan Bracy at 615-327-0050 or firstname.lastname@example.org for information.
- Wednesday, January 17, 2007
The Sales and Marketing Society of the Mid-South holds its monthly luncheon today from 11:45 a.m. to 1 p.m. at The Racquet Club, 5111 Sanderlin Road. Dave Kevern, vice president of sales for FedEx, is the guest speaker. Admission is $25 for non-members. Call 937-5532 or e-mail email@example.com for reservations.
91. Local CORE Chapter Forms in Memphis
- Monday, November 13, 2006
One of the oldest civil rights organizations is forming a Tennessee chapter that will be based in Memphis.
The formation of the Tennessee chapter of CORE (Congress of Racial Equality) w
- Monday, October 31, 2005
The Mid-South Quality Productivity Center presents "The Hawk's View of Six Sigma," an interactive workshop, from 7 a.m. to 4 p.m. today and Tuesday at the Morgan Keegan Tower, located at 50 N. Front St., seventh floor. For more information, call 543-3528 or 543-3530.
93. Barnes Elected Chairman of FedEx/St. Jude Classic
- Wednesday, September 21, 2005
Reggie Barnes was elected general chairman of the FedEx St. Jude Classic and president of Youth Programs Inc., the governing body of the PGA Tour event. Barnes previously served as treasurer of Youth Programs. He also is the former chairman of the Memphis and Shelby County Sports Authority and the team selection committee for the AutoZone Liberty Bowl. Barnes is managing director of Morgan Keegan & Co. and also works with Athletic Resource Management.
94. Archived Article: Newsmakers
- Wednesday, June 29, 2005
ABWA Presents Business and Community Involvement Awards
Orchestral Society Names New Board Members
The Memphis Orchestral Society Inc. named Jeff Sanford chairman of its board of directors, effective July 1. Sanford, president of the Center Ci...
95. Archived Article: Lead
- Tuesday, February 01, 2005
Memphis Sees Steady Business Growth
Downtown, Midtown, Hickory Hill continue resurgence
The Daily News
From her office at the corner of Hickory Hill and Winchester roads, Sandy Morgan has seen the best and worst of...
96. Archived Article: Newsmakers
- Wednesday, October 20, 2004
Shelby County Alumni Honored
MAHBA Announces New Board Members
The Memphis Area Home Builders Association announced the following new members of its board of directors: Tommy Byrnes, Phil Chamberlain III, Ginger Coggins, Michael Matthews and G...
97. Archived Article: Scholars (lead)
- Tuesday, July 06, 2004
Washgin scholar is initiave of advance Memphis
Local Program Creates Business Scholars
Youth learn real-life lessons from corporate volunteers
The Daily News
Early 20th century educator Booker T. Washington knew the value of...
98. Archived Article: Light Rail 3 (lead)
- Wednesday, March 17, 2004
Future Light Rail: An Auto Alternative
Dallas dedicated right-of-way sets example for others
The Daily News
Sitting in their cars in the parking lot named North Central Expressway, commuters into Downtown Dallas mus...
99. Archived Article: Navy (lead)
- Thursday, September 11, 2003
Navy wants new building on Presidents Island
Navy Adds to Presidents Island Site
Facility will consolidate operations at existing center
The Daily News
The U.S. Navy plans to consolidate its work in several administrative ...
100. Archived Article: Memos
- Wednesday, July 09, 2003
Michael Frederick was appointed director of radiology at Methodist
Michael Frederick was appointed director of radiology at Methodist South Hospital. He previously was the administrative director of radiology at Edinburg Regional Medical Center i...