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Editorial Results (free)

1. City Council Sets Stage for Budget Season -

Two weeks before Memphis Mayor Jim Strickland presents his first budget proposal to the Memphis City Council, the council and administration are setting the stage for the budget season to come.

2. Orders for Lower-Priced Tesla Hit 198,000 -

HAWTHORNE, Calif. (AP) – Demand for Tesla Motors' new lower-priced electric car surprised even the company's CEO Friday as 198,000 people plunked down $1,000 deposits to reserve their vehicles.

3. Dodging a Disaster With Volkswagen? -

Next month will mark five years since the first Passat rolled off the assembly line at Chattanooga’s Volkswagen plant. Most anniversaries are a cause for celebration.

But as Chattanoogans blow out the candles on this particular milestone they’ll be hoping that Volkswagen’s diesel emissions troubles will soon be extinguished, too, and that the new SUV model they’ll start producing this year will help VW emerge from the crisis a better and stronger company than before.

4. This week in Memphis history: March 18-24 -

1989: Ratt at the Mid-South Coliseum.

1976: On the front page of The Daily News, Tennessee Insurance Commissioner Millard Oakley approves new forms, rules and rates for insurance companies to use in writing automobile policies to include coverage of CB radios.

5. Bill Would Open Door for Utilities to Expand Broadband -

Legislation to expand broadband access across Tennessee is evolving – by necessity.

State Rep. Kevin Brooks’ bill HB1303 to allow public utilities to provide Internet service outside their footprint is alive, he says, but it is being “argued vehemently.”

6. Automakers Post Healthy February US Sales Gains -

DETROIT (AP) – Automakers posted big U.S. sales gains last month as consumers – giddy from Super Bowl ads – returned to showrooms after a snowy January.

Ford's sales rose 20 percent over last February, boosted in part by higher sales to rental car fleets. Honda's sales were up 13 percent and Fiat Chrysler's rose 12 percent. Nissan's sales rose nearly 11 percent and Toyota's were up 4 percent. Hyundai's sales rose 1 percent.

7. Electrolux Gives Up Tax Breaks to Expand North American HQ -

RALEIGH, N.C. (AP) – Appliance-maker Electrolux is backtracking from plans announced two years ago to expand its North American headquarters in Charlotte and add more than 800 jobs.

A North Carolina committee that oversees major tax breaks for expanding companies on Tuesday voided its offer of more than $27 million for the expansion announced in 2013. State Commerce Department spokeswoman Kim Genardo said the company was voluntarily giving up its grant, which was dependent on meeting job-creation targets.

8. Boyd: Tennessee Shifting to ‘Product Development’ Site Selection -

Elected officials are going to say it if they talk long enough about economic development.

They will talk about how quality of life plays a role in business growth, specifically the move or expansion of corporations into a city or region they weren’t in previously.

9. Pet Rehab, Fitness Practice Launches in East Memphis -

The young, injured patients often in need of rehabilitation and physical therapy who are brought to Dr. Roxana Caraballo’s new East Memphis center can’t speak for themselves or necessarily demonstrate where and why they hurt.

10. Collierville Board Grants FedEx Tax Break Extension -

The Collierville Board of Mayor and Aldermen ratified a 20-year tax break for the FedEx World Technology Center during its Monday, Jan. 25, meeting.

FedEx will pay nearly $25.2 million over the period and will save about $75.5 million. As part of the retention PILOT agreement, FedEx will invest $40 million in real property and personal property upgrades.

11. High Court Upholds Government's Energy Conservation Program -

WASHINGTON (AP) — In a win for the Obama administration and environmental groups, the Supreme Court on Monday upheld a 5-year-old federal program that pays large electric customers to save energy during times of peak demand.

12. In the Game -

Way back in the 1990s, perhaps before the Grizzlies and FedExForum were even a twinkle in anyone’s eye, Chris Wallace came to Memphis and The Pyramid for a preseason NBA game featuring Michael Jordan and the Chicago Bulls.

13. Ursula Madden: From Broadcast News to Memphis Communications Chief -

She didn’t realize it at the time, but Ursula Madden was training for her career as a local television anchor.

This was when she was a girl, growing up in Portland, Oregon. Little Ursula might have been sent outdoors to play all the time, but her mother had other ideas.

14. With SUV Look, Tech Touches, Chrysler Aims to Revive Minivan -

DETROIT (AP) — Thirty-three years ago, Chrysler invented the minivan. Now, it's reinventing it — with styling reminiscent of an SUV, high-tech features and a first-ever hybrid version that Chrysler hopes will make minivans popular again.

15. Tennessee Lawmakers Return With Eye Toward Campaign Season -

NASHVILLE, Tenn. (AP) — Tennessee lawmakers return Tuesday for the second session of the 109th General Assembly with an eye toward quickly disposing of their business and heading home for election season.

16. US Auto Sales Expected to Hit an All-Time High in 2015 -

DETROIT (AP) — Americans are buying more new cars than ever before.

U.S. auto sales were expected to reach a record high of 17.5 million in 2015, topping the old record of 17.35 million set in 2000. Analysts expect sales could go even higher this year as unemployment continues to decline and more young buyers enter the market.

17. Belz Finds Compromise on Deal-Breaking Midtown Gate -

Memphis City Council members worked out a compromise Tuesday, Dec. 1, over a controversial plan by Belz Investco to close Idlewild Street south of Union and install a metal gate across the roadway.

18. Council Approves Smart Meter Pact, Compromises on Water Rate Hike, Idlewild Gate -

Memphis City Council members approved Tuesday, Dec. 1, a $240-million five-year contract between Memphis Light Gas and Water Division and Elster Solutions LLC to outfit most of the city with Smart Meters.

19. GM, Toyota Sales Up in Strong November for US Auto Industry -

DETROIT (AP) — November used to be a slow month for U.S. car sales. Not anymore.

Black Friday promotions — some of which began well before Thanksgiving — were expected to push last month's sales to near-record levels. Car buying site Edmunds.com predicted sales of new cars and trucks will hit 1.33 million, eclipsing the previous November record set in 2001.

20. TVA Begins Work On Memphis Natural Gas Plant -

2480 HENNINGTON AVE
Memphis, TN 38109

Permit Amount: $5 million; $1.4 million

Application Date: Nov. 17

Owner: Tennessee Valley Authority

Tenant: Tennessee Valley Authority

21. Conference Aims to Spark Positive Change, One ZIP Code at a Time -

The world can be a big place, even within one city or a single ZIP code. But the world also can be made smaller when the right kinds of lines are crossed.

Steve Nash founded nonprofit Advance Memphis in 1999, beginning an ambitious project without end. His goal: bring economic sustainability to the people living in and around the Cleaborn/Foote Homes public housing developments in South Memphis’ 38126 ZIP code, the poorest urban ZIP in Tennessee.

22. Tennessee Electric Co-Op Tax Break Deemed Unconstitutional -

NASHVILLE, Tenn. (AP) – The Tennessee Attorney General has issued an opinion saying that a tax break for electric cooperatives violates the state constitution.

Media outlets report that Attorney General Herbert Slatery's opinion on the statute was finalized Wednesday. The statute says rural electric cooperatives are responsible for paying taxes, but are exempt from city and county property taxes on new facilities for the first four years of their operation.

23. Panel Mulls Role of Utilities Offering Broadband in Tenn. -

NASHVILLE, Tenn. (AP) — A lobbyist for the state's cable industry on Wednesday declared all government-owned broadband services in Tennessee to be a failure.

Representatives of the Chattanooga electric utility that recently unveiled the nation's first 10-gigabit Internet service available to all electric customers begged to differ.

24. Modest Rise Gives Stocks a Third Straight Week of Gains -

U.S. stocks closed modestly higher Friday, giving the market its third straight week of gains.

Consumer staples and health care stocks were among the biggest risers as investors assessed the latest company earnings and economic news.

25. Public Outcry Kills Tennessee Bill to Charge for Public Records -

People of every political stripe across Tennessee are rising in protest to legislation allowing government to charge fees for inspection of public records.

Fisk University student Justin Jones said such a financial imposition would place an “undue burden” on his fellow collegians seeking information from public records as part of research papers and other assignments.

26. Obama Using Business CEOs Meeting to Apply Budget Pressure -

WASHINGTON (AP) — President Barack Obama urged Congress on Wednesday to avoid another contentious budget showdown and warned that the economy would surely take a hit if the government shuts down again.

27. Judge Upholds Tennessee Lethal Injection Method -

A Tennessee judge on Wednesday upheld the state’s lethal injection process for executing inmates.

Davidson County Chancery Judge Claudia Bonnyman said from the bench that the plaintiffs, 33 death row inmates, didn’t prove that the one-drug method led to a painful and lingering death. She also said the plaintiffs didn’t show during a lengthy trial that there have been problems in states where the method has been used.

28. High-Tech Cars Bring Detroit and Silicon Valley Face to Face -

PALO ALTO, California (AP) — The office has all the trappings of a high-tech startup. There's a giant beanbag in the foyer and erasable, white board walls for brainstorming. Someone's pet dog lounges happily on the sunny balcony.

29. Raise Gas Tax or Borrow? How to Fund Road Projects -

Tennessee has an $8 billion backlog of transportation projects and not enough funds to pay for them, largely because the state gas tax, which funds those projects, hasn’t been increased in 26 years.

30. US Auto Sales Strong in July on SUV, Luxury Demand -

DETROIT (AP) – American drivers want to get noticed again.

SUVs and luxury vehicles are selling fast, defying recession-era predictions that Americans would downsize and stop flaunting their wealth. Luxury sales were up 10 percent in the first six months of this year; in the same time period, mass-market vehicle sales rose just 3 percent, according to car shopping site TrueCar.com.

31. Memphis Sole -

The football field measurements are perhaps inevitable in describing just how big Nike’s Northridge distribution center in Frayser is after its $301 million expansion.

The 2.8 million-square-foot facility – the equivalent of 49 football fields – is Nike Inc.’s largest distribution center in the world.

32. Fed Directs 8 Biggest US Banks to Hold Extra Capital -

WASHINGTON (AP) — Federal regulators are directing the eight biggest U.S. banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts.

33. US Sues to Block GE Appliance Business Sale to Electrolux -

NEW YORK (AP) – The U.S. government is suing to stop Electrolux from buying General Electric's appliance division, saying the combined company would dominate sales of kitchen appliances to customers like home builders, property managers, hotels, and governments.

34. CP Memphis Assumes Lease of Crowne Plaza -

CP Memphis LLC, a Delaware limited liability company, signed an assignment and assumption of lease document May 18 taking ownership of the Downtown Crowne Plaza Hotel, at 300 N. Second St.

35. CP Memphis Assumes Lease of Crowne Plaza -

CP Memphis LLC, a Delaware limited liability company, signed an assignment and assumption of lease document May 18 taking ownership of the Downtown Crowne Plaza Hotel, at 300 N. Second St.

36. Comcast Announces Super-Fast Internet in Nashville, Mum on Cost -

NASHVILLE, Tenn. (AP) – Comcast says it is bringing its super-fast Internet service to Nashville, but won't say how much it will cost to install or subscribe.

The company announced Wednesday it will offer residential customers fiber optic service of two gigabits per second – or twice the speed of what is currently offered by some municipal electric providers and by Google. The tech giant's high-speed Internet service, Google Fiber, earlier this year announced it will expand to four metro areas in the southeastern U.S., including Nashville.

37. A Look at Winning and Losing Bills in Tennessee Legislature -

A look at some of the winning and losing legislation during the 2015 session of the Tennessee General Assembly.

WINNERS:
TENNESSEE BUDGET: Appropriating the state's annual $33.8 billion budget. SB1399.

38. Bristol on Union, Crowne Plaza Poised For Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

39. Bristol on Union, Crowne Plaza Memphis Poised for Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

40. GE Pares Off Financial Unit and Returns to Industrial Roots -

General Electric is leaving the lending business, a major source of both profit and risk, as it continues to whittle its focus down to an industrial core.

The company said Friday that it will sell most of its GE Capital assets over the next two years, shedding businesses in a sector where it has had a tough time generating acceptable returns. GE also plans to repurchase as much as $50 billion of its own stock.

41. Electrolux Issues Profit Warning for North America Unit -

STOCKHOLM (AP) – Home appliance maker Electrolux has issued a profit warning for its North American division, saying its first-quarter results will be worse than anticipated.

The Swedish company said Wednesday that its Major Appliances North America unit would post a loss in the quarter.

42. Tennessee Attorney General Wants Court to Set Aside Municipal Broadband Ruling -

NASHVILLE, Tenn. (AP) – Tennessee's attorney general wants a federal appeals court to set aside a recent decision by the Federal Communications Commission to allow cities like Chattanooga to offer municipal broadband beyond their normal service area.

43. Less for the Tank, More for the Bank -

The U.S. Energy Information Administration predicts the typical American household will save nearly $750 on gasoline in 2015, but no one should expect the good fortune to last forever.

Yes, gas prices did fall below $2 – and have begun falling again in recent days after rising about 35 cents in February and early March – but now it’s spring, a time when gas prices typically rise.

44. Battle of the Band(width) -

Joyce Coltrin’s business is wandering in Bradley County’s technological wilderness. And it’s likely to remain there – because of legal threats – until the General Assembly changes state law.

45. Uber Heads in New Mapping Direction With Decarta Acquisition -

SAN FRANCISCO (AP) – Uber Technologies is buying digital mapping specialist deCarta in a deal that may help the rapidly growing ride-hailing service lessen its dependence on navigation services from Google and Apple, an imposing pair of potential rivals.

46. GOP Lawmakers: Challenge FCC Ruling on Broadband in Tennessee -

NASHVILLE, Tenn. (AP) – The Federal Communication Commission ruled last week that cities like Chattanooga may expand their municipal broadband service, but Tennessee officials who oppose the decision are lining up to block the move.

47. Building From a New Blueprint -

When recruiting new businesses, East Tennessee economic development officials have long touted the benefits of partnering with the Oak Ridge National Laboratory and the University of Tennessee.

The lab and the university both have a history of working closely with private business to develop cutting-edge manufacturing techniques, technologies and new products. That research effort recently received a major boost with President Obama’s announcement of a new manufacturing innovation hub based in the Knoxville area.

48. GE to Provide Natural Gas Turbines for Allen Plant -

General Electric Co. says it has received an order from the Tennessee Valley Authority for two high-efficiency gas turbine generators to replace three coal-fired units that are being retired at the Allen Fossil Plant in Memphis.

49. GE to Provide Natural Gas Turbines for Allen Plant -

MEMPHIS, Tenn. (AP) – General Electric Co. says it has received an order from the Tennessee Valley Authority for two high-efficiency gas turbine generators to replace three coal-fired units that are being retired at the Allen Fossil Plant in Memphis.

50. UAW ‘Considers Itself a Partner’ With GM -

General Motors’ Spring Hill plant is firmly entrenched with the United Auto Workers.

In fact, it might not have retooled and started assembling vehicles again without the union’s efforts.

51. County Commission Endorses Haslam's Medicaid Expansion Plan -

Shelby County Commissioners, including some vocal Republican opponents of the Affordable Care Act in general, are calling on the Tennessee Legislature to approve Tennessee Gov. Bill Haslam’s Insure Tennessee Medicaid expansion plan.

52. The Preserve at Southwind Sells for $28 Million -

7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $28 million

Sale Date: Dec. 22, 2014
Buyer: Southwind Apartments LP
Seller: G&I VII Preserve at Southwind Apartments LP
Loan Amount: $18 million
Loan Date: Dec. 18, 2014
Maturity Date: Oct. 31, 2020
Lender: Jackson National Life Insurance Co.
Details: A team that includes Memphis-based Foegelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

53. REIT Sells Three Memphis Properties for $7.2 Million -

A Texas-based real estate investment trust has sold three Memphis properties for $7.2 million.

Cobalt Industrial REIT II, an affiliate of Cobalt Capital Partners, has sold the properties at 4366, 4406 and 4436 Malone Road to Colfin Cobalt I-II Owner LLC, an affiliate of Santa Monica, Calif.-based Colony Financial Inc., according to a Dec. 18 special warranty deed.

54. REIT Sells Three Memphis Properties for $7.2 Million -

A Texas-based real estate investment trust has sold three Memphis properties for $7.2 million.

Cobalt Industrial REIT II, an affiliate of Cobalt Capital Partners, has sold the properties at 4366, 4406 and 4436 Malone Road to Colfin Cobalt I-II Owner LLC, an affiliate of Santa Monica, Calif.-based Colony Financial Inc., according to a Dec. 18 special warranty deed.

55. Music Takes Center Stage for Nashville's New Year’s Eve -

Cynics and service industry folks might call it “amateur night.” And one can hardly blame them as New Year’s Eve can turn even the most unassuming guest into a rowdy reveler for a night.

56. US Companies Eager to Embrace Cuba Face Hurdles -

WASHINGTON (AP) – Cargill aims to sell more corn and soybeans. MasterCard covets another site for Americans to swipe credit cards. Marriott sees beachfront property that needs hotels.

And outside Orlando, Florida, Danny Howell just knows there would be demand for his classic Chevrolet parts.

57. Promotions, Gas Prices Boost US Auto Sales -

DETROIT (AP) – American shoppers passed on the malls and headed to the car dealerships over Thanksgiving weekend.

Black Friday promotions – coupled with falling gas prices, low-interest loans and hot new vehicles – drove U.S. auto sales higher in November, kicking off what's expected to be a strong holiday season.

58. TVA ‘Robo Houses’ a Success, On the Market -

For the past five years, several residents of the Campbell Creek subdivision have had the quietest neighbors they could have ever wanted. Now they’re going to have to adjust to having people instead.

59. Why are Tennesseans So Afraid of an Income Tax? -

The odds of an income tax becoming a reality in Tennessee – one of the nation’s lowest-taxed states – are slim to none.

And, yet there is an amendment on the Nov. 4 ballot that would change Tennessee’s constitution by giving the Legislature authority to prohibit passage of an income tax or payroll tax in the state.

60. Early Voting Opens in Midterm Elections -

Early voting opens Wednesday, Oct. 15, across Shelby County as well as Tennessee in the mid-term general elections that are the second most popular election cycle in Shelby County by voter turnout.

61. State Supreme Court Reverses Bartlett Murder Conviction -

The man convicted and sentenced to death for the brutal 2003 double murder of a husband and wife in Bartlett will get a new trial, the Tennessee Supreme Court ruled last week.

The court decision Thursday, Sept. 25, in the case of Henry Lee Jones is the latest reversal of a conviction in Shelby County Criminal Court by the highest court in the state.

62. Electrolux to Buy GE Appliances -

Sweden’s Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market, the companies said Monday.

The acquisition is the largest ever for Stockholm-based Electrolux, ranked as the world’s second-biggest home appliance maker after U.S. rival Whirlpool.

63. Electrolux to Buy GE Appliances in $3.3 Billion Deal -

STOCKHOLM (AP) – Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market, the companies said Monday.

64. In GOP South, Pushback Against Obama Climate Rules -

ATLANTA (AP) — In the Republican-heavy Southeast, critics said Tuesday that a plan by President Barack Obama's administration to cut pollution would raise electricity prices, result in job losses and may not significantly curtail the carbon emissions blamed for global warming.

65. GE Targets Late July for Credit Card IPO -

NEW YORK (AP) – General Electric is targeting late July for the initial public offering of its credit card business, named Synchrony Financial.

The announcement Friday, which was included in the company's second-quarter earnings report, is the first step in GE's exit from that line of business.

66. Garrison Chosen to Lead Memphis Area Transit Authority -

The Memphis Area Transit Authority board has picked Ron Garrison, a former head of the public transit system in Tallahassee, Fla., to be the next president and general manager of the Memphis bus system.

67. Health Choice Selects Abisch to Lead Population Health Services -

Ellen Abisch has joined Health Choice LLC as senior director of population health services. In the newly created position, Abisch will be responsible for designing, implementing and managing population health and wellness programs for the Health Choice network.
Prior to joining the physician hospital organization, she served as manager of benefits and wellness for ServiceMaster.

68. Trolley Hiatus Comes at Critical Time for MATA -

The decision by the Memphis Area Transit Authority to temporarily stop all trolley service comes at a time of broader change for the city’s mass transit system.

The Main Street Trolley line that opened in the early 1990s and brought trolleys back in service for the first time in decades is getting its first comprehensive maintenance since the opening 22 years ago.

69. Auto Industry Gets Serious About Lighter Materials -

DEARBORN, Mich. (AP) – Roofs made of carbon fiber. Plastic windshields. Bumpers fashioned out of aluminum foam.

What sounds like a science experiment could be your next car.

While hybrids and electrics may grab the headlines, the real frontier in fuel economy is the switch to lighter materials.

70. Protesters Oppose New Tennessee Electric Chair Law -

NASHVILLE (AP) – Protesters at the state Capitol voiced opposition Tuesday to a new law signed by Gov. Bill Haslam allowing the use of the electric chair if lethal injection drugs are unavailable to execute condemned prisoners.

71. Life Church Buys Victory Campus for $4.4 Million -

255 N. Highland St.
Memphis, TN 38111
Sale Amount: $4.4 million

Sale Date: May 2, 2014
Buyer: The Life Church of Memphis Inc.
Seller: SignificantPsychology LLC
Loan Amount: $3.8 million
Loan Date: May 2, 2014
Maturity Date: May 5, 2019
Lender: Triumph Bank
Details: The Life Church of Memphis has paid $4.4 million for the former Victory University campus at 255 N. Highland St.

72. Bank Buys Magic Apparel Facility After Foreclosure -

An affiliate of EverBank Financial Corp. has paid $1.1 million for the Magic Apparel warehouse at 4361 Shelby Air Drive in Oakhaven following a foreclosure.

73. Slowing Chinese Economy Likely to Pinch US, Too -

WASHINGTON (AP) – After watching China narrow the U.S. lead as the world's largest economy, Americans might be tempted to cheer signs that the Chinese economy might be stumbling.

Any schadenfreude would be short-sighted.

74. Manufacturers See Better Economic Times -

Big companies are finally starting to spend money, and that could mean a better economy and more jobs.

Industrial companies such as General Electric, Honeywell and Caterpillar make expensive equipment that other companies need to buy to grow their business. They’ve been posting strong financial results in recent weeks and telling investors that orders are strong.

75. Manufacturers See Better Economic Times -

Big companies are finally starting to spend money, and that could mean a better economy and more jobs.

Industrial companies such as General Electric, Honeywell and Caterpillar make expensive equipment that other companies need to buy to grow their business. They've been posting strong financial results in recent weeks and telling investors that orders are strong.

76. End of Windows XP Support Spells Trouble for Some -

NEW YORK (AP) – Microsoft will end support for the persistently popular Windows XP on Tuesday, and with an estimated 30 percent of businesses and consumers still using the 12-year-old operating system, the move could put everything from the operations of heavy industry to the identities of everyday people in danger.

77. Industrial Portfolio Sells for $43 Million -

4550 Swinnea Road6005 Freeport Ave., 3399 E. Raines Road
Memphis, TN
Sale Amounts: $10.1 million; $14.8 million; $18 million

78. Quality Inn Owner Files $1.5 Million Loan -

The owner of the 130-room Quality Inn at 42 S. Camilla St. in Midtown has filed a $1.5 million loan on the property.

79. Tennessee Can Lawfully Electrocute Inmates if No Drugs -

NASHVILLE (AP) – Tennessee can lawfully use the electric chair in executions if lethal injection is stopped by the courts or because the state can't get the drugs to carry out the sentence, the state attorney general said in a legal opinion this week.

80. Supreme Court Seems Divided in Climate Case -

WASHINGTON (AP) – The Supreme Court appeared divided on Monday over the sole Obama administration program already in place to limit power plant and factory emissions of gases blamed for global warming.

81. PILOT Reform -

Nike is in the midst of a $301 million expansion of its Northridge plant in Frayser, a project that means the Beaverton, Ore.-based company will create 250 new jobs and retain 1,600 existing local jobs.

82. Veteran Marketer to Discuss Loyalty at Chamber Lunch -

Chris Malone, a veteran marketer who has worked with organizations such as the NBA and The Coca-Cola Co., will be the featured speaker this month at the Greater Memphis Chamber’s Small Business Council program launch luncheon.

83. Ruby Tuesday Sells Bartlett Lots for $1.1 Million -

8348 U.S. 64
Bartlett, TN 38133
Sale Amount: $1.1 million

Sale Date: Dec. 5, 2013

Buyer: 64 Kate Hyde Partners

84. Watertite Files $6.7 Million Loan on Collierville Facility -

Watertite Products Inc. has filed a $6.7 million loan on its 86,918-square-foot warehouse at 202 Industrial Park Lane in Collierville.

85. Flagship Facility -

NexAir, one of the largest distributors of atmospheric gases and welding supplies in the country, recently debuted a new advanced welding and cutting demonstration lab at its renovated Downtown headquarters on Walnut Street.

86. Frontier Airlines Sold to Ultra-Cheap Airline Investor -

Frontier Airlines is being sold to William Franke, a pioneer of the cheap tickets and high fees airline business that has spread overseas and is growing in the U.S.

Franke is the former chairman of Spirit Airlines, which has earned consistent profits by jamming more seats on its planes and charging extra for things that other airlines do for free, such as printing a boarding pass at the airport, or using the overhead bin.

87. Dow Average Adds Goldman Sachs, Nike and Visa -

The Dow Jones industrial average is dropping Bank of America, Hewlett-Packard and Alcoa, its three-lowest priced stocks, as part of a six-company shakeup of the most widely known barometer of the U.S. stock market.

88. Automakers Report Sales Up Double-Digits in August -

DETROIT (AP) – The major U.S. and Japanese automakers all posted double-digit U.S. sales gains last month as car buyers snapped up pickup trucks and small cars to lead the industry toward its best month in six years.

89. Report: GE to Spin Off Consumer Finance Business -

General Electric Co. plans to spin off the U.S. consumer lending business of its finance arm with an initial public offering of stock that could come early next year, according to The Wall Street Journal.

90. Wal-Mart Pushes ‘Made in America’ at Summit -

ORLANDO, Fla. (AP) – Wal-Mart Stores Inc. is hoping for a groundswell "made-in-America" movement.

91. Car Company's Tunica Plans Haven't Come to Fruition -

TUNICA, Miss. (AP) – It seemed like a win for everyone involved when a startup car company, backed by political heavyweights, wooed investors with plans to build a massive auto plant in the Mississippi Delta, hire thousands of people and pump out a brand new line of fuel-efficient vehicles.

92. Probe May Cause Issues for More Than DHS Official -

WASHINGTON (AP) – An internal investigation of President Barack Obama's choice to be the No. 2 official at the Homeland Security Department has the potential to become a political headache for former Secretary of State Hillary Rodham Clinton and the Democratic candidate for governor in Virginia.

93. Earnings Deluge -

Another week is in the books, resulting in another record close for both the Dow Jones Industrial Average and the S&P 500. Buoyed by some more accommodative comments from Federal Reserve Chairman Ben Bernanke during Congressional testimony this week, investors took the occasion to prop the U.S. equity markets to new highs. Coinciding with Bernanke’s testimony, a deluge of second quarter corporate earnings announcements was released. As a reminder, in this space last week, we wrote,

94. US Auto Sales See Big Gains in May -

DETROIT (AP) – Price cuts at Nissan and strong demand for pickup trucks helped U.S. auto sales rebound in May after a slight dip in April.

General Motors reported its strongest monthly sales since September of 2008. Chrysler, Ford, and Toyota also reported increases. Nissan Motor Co. notched its highest May sales ever after cutting prices on seven popular models early in the month. Only Volkswagen said sales fell compared with May of last year.

95. Thomas & Betts Donates $1 Million -

Thomas & Betts Corp. executives marked one year since the acquisition of the Memphis-based power and electric utility devices company by ABB Group of Zurich Thursday, May 9, with three contributions from both. The contributions, totaling $1 million, went to St. Jude Children’s Research Hospital, Le Bonheur Children’s Hospital and the Memphis Development Foundation.

96. Thomas & Betts Donates $1 Million -

Thomas & Betts Corp. executives marked one year since the acquisition of the Memphis-based power and electric utility devices company by ABB Group of Zurich Thursday, May 9, with three contributions from both. The contributions, totaling $1 million, went to St. Jude Children’s Research Hospital, Le Bonheur Children’s Hospital and the Memphis Development Foundation.

97. Thomas & Betts - ABB Donate $1 Million -

Thomas & Betts Corporation executives marked one year since the acquisition of the Memphis-based power and electric utility devices company by ABB Group of Zurich Thursday, May 9, with three contributions from both totaling $1 million to St. Children’s Research Hospital, Le Bonheur Children’s Hospital and the Memphis Development Foundation.

98. Mitsubishi Back Story Moves to Manufacturing -

The back story of the new Mitsubishi Electric Power Products Inc. plant that formally opened in Southwest Memphis last week includes a sewer pipe, the Mojave Desert and artificial lightning.

99. The New Beale -

Over the last four years, the next chapter in the development of Beale Street has been a stop-and-go affair. First would come announcements followed by silence from official channels.

Along with that silence, though, was quiet activity on the side, a movement that culminated with the March announcement of Memphis Mayor A C Wharton Jr.’s strategic planning committee’s report, “A Framework for Beale Street.”

100. Mitsubishi Debuts $200 Million Facility -

One of the two biggest economic development prizes of recession-era Memphis has its formal opening Friday, April 19.

The Mitsubishi Electric Power Products Inc. plant is the company’s first North American manufacturing plant for large power transformers, some weighing in excess of 400 tons.