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Editorial Results (free)
1. Comerica Says It Will Cut Almost 800 Jobs, Close 40 Banks
- Wednesday, July 20, 2016
NEW YORK (AP) – Comerica said Tuesday it will cut close to 800 jobs and close 40 banks to cut costs. The regional bank also reported a bigger quarterly profit than analysts expected.
Comerica said it wants to eliminate $160 million in annual spending by the end of 2018. The company said it will eliminate about 9 percent of its jobs, which would be 791 workers based on recent employment figures. Comerica will also close 40 banks and outsource some technology functions to reduce spending.
2. Hiring Slowdown in April May Signal Caution About US Economy
- Monday, May 09, 2016
WASHINGTON (AP) – American employers signaled their caution about a sluggish economy by slowing their pace of hiring in April after months of robust job growth.
At the same time, companies raised pay, and their employees worked more hours – a combination that lifted income and, if sustained, could quicken the U.S. expansion.
3. Case Management Buys Airport-Area Office Building
- Tuesday, October 23, 2012
3171 Directors Row Memphis, TN 38116
Sale Amount: $1.3 million
Sale Date: Sept. 28, 2012
4. Intermodal Operator Files Loan on Oakhaven Property
- Thursday, October 18, 2012
UTSI Finance Inc., the owner of an intermodal yard at 4014 Outland Road in Oakhaven, has filed a $3.1 million deed of trust, assignment of leases and security agreement on the property.
5. Bernanke Calls US Job Market Weak Despite Big Hiring Gains
- Tuesday, March 27, 2012
WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke says the U.S. job market remains weak despite three months of strong hiring, but that the Fed’s existing policies will help boost economic growth.
6. JPMorgan's Income Drop Casts a Pall Over Banks
- Friday, October 14, 2011
NEW YORK (AP) – If JPMorgan Chase can't do well, investors worry that other banks may do even worse.
The New York bank, widely considered the strongest in the industry, reported a 4 percent drop in income last quarter Thursday on weakness in investment banking and more costs related to litigation over mortgage investments.
7. Soon the Government Check Won't be in the Mail
- Wednesday, December 22, 2010
WASHINGTON (AP) – Before too long, the government check will no longer be in the mail.
Officials have settled on the dates when millions of people will no longer be able to get their Social Security and other benefit checks by mail.
8. Treasury Announces Wells Fargo Warrant Auction
- Thursday, May 20, 2010
WASHINGTON (AP) - The government says it will auction 110.3 million warrants it received from Wells Fargo & Co. as part of its effort to recoup the costs of the $700 billion financial bailout.
9. AP Analysis: Banks Added 10,000 Branches in Boom
- Tuesday, August 18, 2009
DALLAS (AP) - Banks expanded at a breathtaking pace over the past five years, adding more than 10,000 full-service branches, but barely 1 in 10 were in inner-city, minority neighborhoods, another sign the financial spending spree skipped over substantial parts of the country.
10. Standard & Poor's Cuts Ratings on 18 Banks
- Thursday, June 18, 2009
NEW YORK (AP) - Credit ratings agency Standard & Poor's on Wednesday cut ratings on 18 banks amid concern about further weakening in the financial sector.
S&P said the changes reflected its assessment that volatility will remain in the financial sector and the industry is expected to face tighter regulatory oversight. S&P also said loan losses, which have plagued the industry for more than a year, are likely to continue to increase and could grow beyond expectations.
11. GM All But Certain to File for Chapter 11
- Friday, May 29, 2009
DETROIT (AP) - General Motors, the company that put tail fins on a Cadillac and was once the nation's largest employer, moved to the edge of bankruptcy protection Wednesday as debtholders refused a last-ditch deal. Crosstown rival Chrysler hoped to pull off a quick exit from Chapter 11 and prove there is hope yet for a leaner Detroit.
12. S&P Puts 23 Financial Firms on Negative Watch
- Wednesday, May 06, 2009
NEW YORK (AP) - Credit ratings agency Standard & Poor's is reviewing whether to cut the ratings of 23 regional and national banks.
The firms were placed on "CreditWatch Negative" on Monday, which means there is a 50 percent chance the ratings will be cut in the next three months. S&P said it expects the results of the reviews by the end of May.
13. Where’d the Bailout Money Go? Shhhh, It’s a Secret
- Tuesday, December 23, 2008
WASHINGTON (AP) – Think you could borrow money from a bank without saying what you were going to do with it? Well, apparently when banks borrow from you, they don’t feel the same need to say how the money will be spent.
14. Sector Snap: Regional Bank Stocks Mixed
- Wednesday, November 26, 2008
NEW YORK (AP) - Shares of regional banks were mixed Tuesday, after the government introduced a number of new initiatives designed to help unfreeze the credit markets.
The Federal Reserve said it will buy $500 billion in mortgage-backed securities, or pools of mortgages that are bundled together and sold to investors. The government will also lend up to $200 billion to the holders of securities backed by various types of consumer loans, including credit card loans.
15. Sector Snap: Regional Banks
- Tuesday, November 25, 2008
CHARLOTTE, N.C. (AP) - Shares of regional banks rose Monday as investors focused on the government's plan to bail out Citigroup Inc.
16. Banks to Use Gov't Funds for Lending, Dealmaking
- Tuesday, October 28, 2008
NEW YORK (AP) - A number of financial institutions, including Capital One inancial Corp. and SunTrust Banks Inc., have announced they will receive funds under the Treasury Department's capital purchase program.
17. 'Preserve' Slated to Bring 400-Plus Apartments to Major Intersection
- Tuesday, January 16, 2007
37 acres off
Forest Hill-Irene Road
Sale Amount: $2.4 million
Sale Date: Dec. 21, 2006
Buyer: Forest Creek-Memphis LP
18. Melick Tapped to Manage Fixed Income Banking Group at Morgan Keegan & Co.
- Wednesday, July 05, 2006
Jordan Melick has joined Morgan Keegan & Co. Inc. as a managing director for the firm's Fixed Income Banking Group. Melick previously was managing director of the health care finance team of Minneapolis, Minn.-based Piper Jaffray & Co. He began his career in health financing in 1991 at Detroit-based Comerica Bank.
19. Archived Article: real recap
- Tuesday, April 05, 2005
Mixed-Use Development Planned for Arlington
76.93 acres near
Cost: $2.8 million
Borrower: Commercial Ventures Inc.
Lender: Paragon National Bank
Trustee: Andrew H. Taylor
Property: A 28.91-acre parcel and a 51....
20. Archived Article: Real Recap
- Tuesday, March 22, 2005
Blair Tower Apartments
Blair Tower Property Slated for Renovations
810 Washington Ave.
Memphis, TN 38105
Cost: $5.4 million
Borrower: Blair MCAP LLC
Lender: Capri Capital Finance LLC
Trustee: Chicago Title Insurance Co.
21. Archived Article: Real Recap
- Tuesday, May 18, 2004
Developer refinances Shoppes at Hacks Cross
Developer Refinances Shoppes of Hacks Cross
Shoppes of Hacks Cross
near Winchester Road
Cost: $7 million
Borrower: Hacks Winchester LLC
Lender: Morgan Stanley Mortgage Capital Inc.
22. Archived Article: Daily Digest
- Wednesday, April 28, 2004
Forms Strategic Alliance
National Commerce Bank Services' newly created Strategic Marketing Solutions division has formed a strategic alliance with Synapse Technology, a provider of event-based marketing prod...
23. Archived Article: Law Focus (haaga)
- Thursday, September 07, 2000
Estate planning for procrastinators Never too late to plan estate By FLETCHER HAAGA Special to The Daily News In the trust business, we often deal with clients and prospects who are infected with a strong case of procrastination syndrome. You know, ...
24. Archived Article: Law Focus
- Thursday, August 31, 2000
No more estate taxes: Just a dream Estate tax changes dont signal end of need to plan By FLETCHER HAAGA Special to The Daily News Not long ago, professionals in the estate planning field were going about their business as usual, while their clients ...
25. Archived Article: Real Review
- Tuesday, February 16, 1999
By LAURIE JOHNSON Deck-White Station Tower LLC, a Georgia limited liability company, financed $15.5 million through Column Financial, a Delaware corporation, securing the loan with property on Mendenhall Road and Poplar Avenue, according to a trust ...