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Editorial Results (free)

1. Highline Aftermarket Expands at Memphis HQ -

Highline Aftermarket, a manufacturer and distributor of automotive chemicals, lubricants, parts, tools and related accessories, is expanding its existing Memphis presence and headquarters in Memphis.

2. Pettit Joins Food Bank As Chief Development Officer -

Attorney Peter Pettit has joined Mid-South Food Bank as chief development officer following his recent retirement as a partner in the Memphis office of Bass, Berry & Sims PLC. In his new role, Pettit works closely with food bank leaders to develop strategies and relationships with major gift donors, and specifically is working to complete the $12.5 million “Hunger to Hope” capital campaign.

3. Swift Transportation Co. Recognizes Local Drivers -

Five Memphis-area drivers for Swift Transportation Co. LLC have been honored as Diamond Drivers, a recognition that is based on miles driven, commitment to safety, on-time deliverables, low customer-service failure rates and total days of employment.

4. Swift Transportation Honors Five Memphis-Area Drivers -

Five Memphis-area drivers for Swift Transportation Co. LLC have been honored as Diamond Drivers, a recognition that is based on miles driven, commitment to safety, on-time deliverables, low customer-service failure rates and total days of employment.

5. Memphis-Based Buckman Buys CiDRA Chemical -

Memphis-based Buckman has acquired CiDRA Chemical Management Inc. of Wallingford, Connecticut, Buckman announced Tuesday, Oct. 3. Terms of the deal were not announced.

6. ServiceMaster Appoints Persson To Lead American Home Shield Spinoff -

The ServiceMaster spinoff of American Home Shield will be overseen by a former Ingersoll Rand executive with experience in corporate spinoffs and their development

Dion Persson has been appointed senior vice president of business development for ServiceMaster Global Holdings, the Memphis-based provider of residential and commercial services, the company announced on Monday, Oct. 2.

7. Buckman Acquires CiDRA Chemical -

Memphis-based Buckman has acquired CiDRA Chemical Management Inc. of Wallingford, Connecticut, Buckman announced Tuesday, Oct. 3. Terms of the deal were not announced.

8. ServiceMaster Appoints Persson To Lead American Home Shield Spinoff -

The ServiceMaster spinoff of American Home Shield will be overseen by a former Ingersoll Rand executive with experience in corporate spinoffs and their development.

Dion Persson was appointed senior vice president of business development for ServiceMaster Global Holdings, the Memphis-based provider of residential and commercial services, on Monday, Oct. 2.

9. Editorial: The 5,000-Seat Noncompete In a Changing Memphis -

The mantra has been clear since Graceland dramatically changed the plans for its proposed Whitehaven concert venue: Almost nobody in officialdom wants to touch the Memphis Grizzlies’ noncompete clause for FedExForum.

10. Yellen: Fed is Perplexed by Chronically Low Inflation -

CLEVELAND (AP) – Federal Reserve Chair Janet Yellen acknowledged Tuesday that the Fed is puzzled by the persistence of unusually low inflation and that it might have to adjust the timing of its interest rate policies accordingly.

11. Last Word: Grit & Grind As A Mindset, Sewer Retaliation and MUS & Hutchison -

More than a few bread crumbs on the direction the Fairgrounds redevelopment proposal is … well, developing after the second of three very important public forums last week by City Hall. The signs indicate a water park or surf park is highly unlikely, the gym at Maxine Smith STEAM Academy would go to open up Central Avenue frontage and a new gym built behind Kroc Center, a hotel by the Children’s Museum and the high school football field and track oval move from Central to where Libertyland used to be. And the city says none of this is set in stone even if it does show up on a tentative site plan among the exhibits last week.

12. Raycom Media, Community Newspaper Holdings Announce Merger -

MONTGOMERY, Ala. (AP) – Two media organizations that own dozens of newspapers and television stations around the nation, including a Memphis TV station, are announcing a merger.

Community Newspaper Holdings Inc. said in a statement Monday that it and Raycom Media Inc. have agreed to merge into a new privately owned media group.

13. Graceland Overhauls Venue Plans After Grizzlies Raise Concerns -

Elvis Presley Enterprises has significantly altered the plans for its new entertainment venue in Whitehaven after the Memphis Grizzlies raised concerns surrounding a noncompete agreement with the city involving FedExForum.

14. Last Word: The No Compete, Liberty Bowl Blues and Assessing the ASD -

The calendar says fall but the weather says summer and in Arlington the flags and notices say election day. The polls at the two polling places in Arlington open from 7 a.m. to 7 p.m. Thursday in municipal elections – the only regularly scheduled election of 2017 in Shelby County, which in our politics is frequently regarded as an invitation for departures and vacancies in other office that cause the scheduling of special elections. We’ve already had those earlier this year for a spot on the Lakeland commission and a state House seat.

15. Graceland Changes Venue Plans After Grizzlies Raise Concerns -

Elvis Presley Enterprises has announced it will significantly alter the plans for its new entertainment venue in Whitehaven after the Memphis Grizzlies raised concerns surrounding a noncompete agreement with the city involving FedExForum.

16. Fed Announces a Start to Modestly Reducing Its Bond Holdings -

WASHINGTON (AP) – The Federal Reserve will begin shrinking the enormous portfolio of bonds it amassed after the 2008 financial crisis to try to sustain a frail economy. The move reflects a strengthened economy and could mean higher rates on mortgages and other loans over time.

17. Last Word: The Brooks Question, Boyd's Answer and Tigers In the Polls -

Art as a real estate consideration. One of the more unusual of many considerations as the Brooks search for a new site – a possible new site, I should add, becomes the city’s favorite topic. So from the CRE vantage point – here are two more possible sites to think about if you haven’t already – Cossitt Library and the Fairgrounds, as well as right where it has been for the last century.

18. Germantown Medical Office Sells for $16M -

1325 Wolf Park Drive, Germantown, TN 38138

Sale Amount: $15.9 million

Buyer: Global Medical REIT

19. Southeast Shelby County Apartments Sell for $56M -

Preserve at Forest Creek, a sprawling southeast Shelby County apartment complex, has switched hands for more than $56 million.

In the deal, Blackstone, a New York City investment firm doing business as BRE Piper MF Forest Creek TN, sold the roughly 36-acre property to Columbus, Ohio-based investment management firm Coastal Ridge Real Estate doing business as PFC Memphis Borrowers for $56.6 million, according to a warranty deed filed on Sept. 14 with the Shelby County Register of Deeds.

20. Germantown Medical Office Sells for $16 Million -

A New York-based investment trust has paid nearly $16 million for the Germantown medical office building that houses Wolf River Surgery Center.

Global Medical REIT, doing business as GMR Germantown, bought the 34,000-square-foot building at 1325 Wolf Park Lane from Brierbrook Partners LLC for $15.9 million, according to a warranty deed filed with the Shelby County Register.

21. Promoters Exporting Authenticity Of Memphis Music in Another Way -

A new 5,000- to 6,000-seat concert venue at Graceland by early 2019 is competition. But it probably brings more customers to the overall market for concerts in the city, says the founder of Music Export Memphis, the city’s export office for the music business.

22. Last Word: Southern Heritage Recap, Funky Week Ahead and the Amazon Contest -

The 28th annual Southern Heritage Classic is in the books with a close game at the Liberty Bowl Saturday and the kind of attendance that if sustained through our civic football season – Southern Heritage, Tigers home schedule and AutoZone Liberty Bowl – promises continued growth and changes in our development. Whether there is that growth or not, 47,407 came, tailgated and saw Tennessee State beat Jackson State 17-15.

23. Germantown Medical Office Sells for $16M -

A New York-based investment trust has paid nearly $16 million for the Germantown medical office building that houses Wolf River Surgery Center.

Global Medical REIT, doing business as GMR Germantown, bought the 34,000-square-foot building at 1325 Wolf Park Lane from Brierbrook Partners LLC for $15.9 million, according to a warranty deed filed with the Shelby County Register.

24. Graceland: Arena Won’t Compete With Forum -

The managing partner of Graceland Holdings LLC says the plan for a new Whitehaven arena with 5,000 to 6,000 seats isn’t to compete with any venue in Memphis and Shelby County.

25. Intriguing Story Playing Out Off The Football Field -

Anybody got an extra billion dollars lying around? If so, you can own one-third share of an NFL franchise plus a handful of other assorted business ventures.

That’s the situation involving the Tennessee Titans as they head into what could be a very eventful season. Susie Adams Smith, one of three children of the late franchise founder Bud Adams, is attempting to divest herself of one-third interest in KSA Industries, the business conglomerate built by her father.

26. Graceland: New Arena Not Competing With Forum -

Graceland plans to go to the Economic Development Growth Engine (EDGE) in the next week seeking a bigger percentage of the city and county property tax revenue from its 120-acre campus for a $50 million arena in Whitehaven.

27. Last Word: Back From Jury Duty, ASD Changes and Southern Heritage Classic Is Here -

Back from a very short-lived jury duty on a short week for the courts – criminal and civil. Even a slow week at the Criminal Justice Center is a learning experience about not only our criminal justice system but also the Constitutional framework that puts those notices in the U.S. mail and results in several hundred citizens at a time showing up in a jury assembly room after the adventure of trying to find parking Downtown.

28. Graceland Says New Arena Not Competition For Forum -

The managing partner of Graceland Holdings LLC says the plan for a new $40 million  to $50 million Whitehaven arena with 5,000 to 6,000 seats isn’t to compete with any venue in Memphis and Shelby County.

29. Drivers Whose Cars Were Flooded by Harvey Can't Find Rentals -

BEAUMONT, Texas (AP) – His three vehicles flooded by Hurricane Harvey, Jason Bell checked at one car-rental office only to find about 2,500 people ahead of him on the waiting list. When he tried a more out-of-the-way location, the reservations still numbered about 300.

30. Whitehaven Boom Gets Arena Catalyst -

As she looked across Elvis Presley Boulevard from the parking lot of the new Tri-State Bank headquarters at Elvis Presley and Farrow Road last week, Memphis City Council member Patrice Robinson took in the view of the new five-bay retail strip and looked north at another new strip soon to come online, and talked about a third in the works.

31. Memphis Receives First Check From Airbnb -

Nationally and in Memphis, the hotel room supply, room demand, occupancy rate and average daily room rate were all on the rise year-to-date through July, pointing to a healthy market overall.

That’s according to information compiled by STR presented at the Southern Lodging Summit Wednesday morning, Aug. 30, at the Cook Convention Center in Memphis. The Southern Lodging Summit is an annual event hosted by Pinkowski & Co. and the Metropolitan Memphis Hotel and Lodging Association.

32. Sears to Close More Stores, Sales Continue to Fall in 2Q -

NEW YORK (AP) – Sears continued to struggle in its second quarter with declining sales amid heightened competition from the likes of Walmart to Amazon. It now says it will close even more stores.

33. How Many Funds Make a Good Mix? -

Ray’s Take: When it comes to building a portfolio for retirement, your goal shouldn’t be to load up with as many different types of investments as you can in the hopes that you’ll outsmart any fluctuations in the market. Diversification, like all things, has its limits.

34. Fed Officials Split in July Over Inflation Worries -

WASHINGTON (AP) – Federal Reserve policymakers were worried last month about inflation, but for two opposing reasons.

One group of Federal Reserve policymakers felt inflation was falling too low and argued for caution in raising interest rates. Others expressed concerns that delaying further rate hikes could push inflation higher into dangerous territory.

35. Report: Pera’s Stake in Ubiquiti Rises to $3.7B -

Memphis Grizzlies majority owner Robert Pera had a good week last week.

His networking company, Ubiquiti Networks Inc., soundly beat analysts’ forecast for earnings and revenue in the fourth quarter, catapulting the stock 20 percent higher in trading on Aug. 3.

36. Fed Official Supports September Start for Bond Reductions -

WASHINGTON (AP) – A member of the Federal Reserve's interest-setting committee said Wednesday it would be appropriate for the central bank to announce next month that it will begin trimming its $4.5 trillion balance sheet, but wait until December before raising a key interest rate again.

37. Vikings Owners Join Group Trying to Bring MLS to Nashville -

NASHVILLE, Tenn. (AP) – The majority owners of the Minnesota Vikings are joining a group trying to bring a Major League Soccer expansion franchise to Nashville.

Mark, Zygi and Leonard Wilf are minority owners in the Nashville project, according to Nashville Soccer Holdings CEO John R. Ingram. Terms of the Wilfs' investment haven't been disclosed.

38. Report: Pera’s Stake in Ubiquiti Rises to $3.7 Billion -

Memphis Grizzlies majority owner Robert Pera had a good week last week.

His networking company, Ubiquiti Networks Inc., soundly beat analysts’ forecast for earnings and revenue, catapulting the stock 20 percent higher in trading on Thursday, Aug. 3.

39. Report: Pera’s Stake in Ubiquiti Rises to $3.7 Billion -

Memphis Grizzlies majority owner Robert Pera is having a good week.

His networking company, Ubiquiti Networks Inc., soundly beat analysts’ forecast for earnings and revenue, catapulting the stock 20 percent higher in trading on Thursday, Aug. 3.

40. Terminix Priority of ServiceMaster New CEO Nik Varty -

The new CEO of ServiceMaster Global Holdings Inc. said his first priority at the helm of the Memphis-based domestic and commercial services provider is to fix the company’s Terminix division.

41. TruGreen Hires New CFO As It Looks to Drive Growth -

Memphis-based TruGreen has named a new chief financial officer as current CFO David Martin transitions into the new role of vice president of sourcing and accounting.

42. Fully Loaded -

It’s almost like the first half of 2017 was a decade in the making, at least when it comes to commercial real estate. Throughout all four major sectors of the Memphis-area commercial real estate market – industrial, office, retail and multifamily – figures are consistently reaching or exceeding pre-recession marks.

43. Text of the Fed's Statement After Its Meeting Wednesday -

WASHINGTON (AP) – Below is the statement the Fed released Wednesday after its policy meeting ended:

Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have been solid, on average, since the beginning of the year, and the unemployment rate has declined.

44. Fed Leaves Rates Alone but Moves Closer to Selling Off Bonds -

WASHINGTON (AP) – The Federal Reserve is keeping its key interest rate unchanged at a time when inflation remains persistently low. But it signaled Wednesday that it's edging closer to gradually shrinking its bond holdings, a step that would likely boost long-term borrowing rates including mortgages.

45. Redbirds Revitalization: Fun at the Old Ballpark and the Winning is Easy -

Bottom of the seventh inning and another night at AutoZone Park is unfolding the way so many have this season. The Memphis Redbirds have a nice lead. Their starting pitcher has been putting up zeros and the team has been banging out timely hits and playing crisp defense.

46. Gillette Out, ServiceMaster to Spin Off Unit -

To Memphians, Rob Gillette is the ServiceMaster Global Holdings Inc. leader who moved the company’s headquarters from East Memphis to Downtown and put the old Peabody Place Mall back in use.

47. ServiceMaster to Spin Off Business, Gillette Out as CEO -

Shares of Memphis-based ServiceMaster Global Holdings Inc. were trading 6 percent higher Wednesday morning, July 26, on news that the company has made a change in chief executive offer, effective immediately, and will spin off its American Home Shield (AHS) business from its Terminix and Franchise Services Group (FSG) businesses.

48. TruGreen Hires New CFO As It Looks to Drive Growth -

Memphis-based TruGreen has named a new chief financial officer as current CFO David Martin transitions into the new role of vice president of sourcing and accounting.

49. Fed Will Likely Focus on Low Inflation But Leave Rates Alone -

WASHINGTON (AP) – The Federal Reserve has already achieved one of its two mandates: With the unemployment rate at just 4.4 percent, the Fed has essentially maximized employment.

It's the Fed's other goal – price stability – that's stayed persistently out of reach. Inflation has been edging further below the Fed's 2 percent target. Problem is, too-low inflation tends to slow consumer spending, the U.S. economy's main fuel. Many consumers delay purchases if they think the same price – or a lower one – will be available later.

50. Equity Firm Buys Publisher Of The Collierville Herald -

A Nashville-based private equity firm with no previous media investments has acquired a regional publisher that owns 12 websites, magazines and newspapers, including The Collierville Herald.

American Hometown Publishing announced Monday, July 17, it has been bought by West End Holdings. AHP, which has assets in Tennessee, Virginia, Oklahoma and Florida, said under new ownership it “will immediately begin seeking additional local media properties to add to its portfolio,” according to a release.

51. Alexa, Turn Up My Kenmore AC; Sears Cuts a Deal with Amazon -

HOFFMAN ESTATES, Ill. (AP) — Sears will begin selling its appliances on Amazon.com, including smart appliances that can be synced with Amazon's voice assistant, Alexa.

52. MRG, Thomas & Betts Receive Tax Incentives -

Makowsky Ringel Greenberg and Thomas & Betts were both awarded tax incentives to advance their respective projects by the Economic Development Growth Engine for Memphis and Shelby County on Wednesday, July 19.

53. T&B Granted 15-Year PILOT to Relocated Corporate HQ -

Memphis-based Thomas & Betts has been awarded a 15-year PILOT (payment-in-lieu-of-taxes) to relocate its corporate headquarters from Southwind to the Ridgeway Center in East Memphis and consolidate its regional research and development functions.

54. Atlanta Retail Investor Makes $29M Purchase -

In this week’s Real Estate Recap, an 18-acre shopping center in the heart of Bartlett sells for $28.8 million, Ulta Beauty prepares to build out its space in Poplar Commons, and Dave & Buster’s continues work on its first Memphis location...

55. Last Word: No Assumptions, Riverfront Concepts and A Tale of Two Teams -

The “Midtown is Memphis” arch in Overton Square is no more. Vanished this week as the former Chiwawa is being converted to Indian Pass Raw Bar – for those of you new to Memphis, these are both restaurants – one former and the other future.

56. Nashville Equity Firm Buys Collierville Herald Publisher -

A Nashville-based private equity firm with no previous media investments has acquired a regional publisher that owns 12 websites, magazines and newspapers, including The Collierville Herald.

American Hometown Publishing announced Monday, July 17, it has been bought by West End Holdings. AHP, which has assets in Tennessee, Virginia, Oklahoma and Florida, said under new ownership it “will immediately begin seeking additional local media properties to add to its portfolio,” according to a release.

57. Ulta Beauty Files Permit For East Memphis Store -

Ulta Beauty is preparing to build out its space in Poplar Commons, the East Memphis shopping center rising across from Oak Court Mall.

The cosmetics retailer is seeking a $450,000 permit application to work on the interior of its future location at 4572 Poplar Ave., inside the shopping center that will be anchored by Nordstrom Rack. No contractor is listed on the application.

58. Bartlett Shopping Center Sells for Nearly $30M -

An Atlanta-based real estate investment firm has made its first purchase in the Memphis market with the acquisition of a 198,103-square-foot shopping center in the heart of Bartlett.

The Bartlett Towne Centre, located at 6005 Stage Road, was acquired by Branch Properties LLC from Houston-based real estate investment trust Weingarten Realty for $28.8 million.

59. Thomas & Betts to Invest $20.7 Million in Expansion -

Thomas & Betts plans to add 75 employees and invest $20.7 million in its headquarters relocation in Memphis and is seeking a 15-year payment-in-lieu-of-taxes (PILOT) incentive to help defray those costs.

60. Malco Pulls Additional Building Permit for Downtown Theater -

Malco Theatres’ Downtown movie theater continues to take shape, with the Memphis-based cinema chain seeking its second multimillion-dollar building permit for the project in recent months.


45 E. G.E. Patterson Ave.
Memphis, TN 38103
Permit Amount: $5 million

61. Fed: US Growth Solid, Yet Not Fast Enough to Accelerate Pay -

WASHINGTON (AP) – The U.S. economy grew at a steady pace in late May and June and hiring was solid, yet the improvements weren't enough to accelerate wage or price growth.

The Federal Reserve said Wednesday that the economy expanded in 10 of its 12 districts. It grew just slightly in St. Louis and Philadelphia. The anecdotal information in the Fed's survey, known as the Beige Book, is used to supplement its economic data and will be considered when Fed officials next meet July 25-26.

62. Yellen Tells Congress to Expect More Rate Hikes -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen told Congress on Wednesday that the central bank expects to keep raising a key interest rate at a gradual pace and also plans to start trimming its massive bond holdings this year.

63. Malco Pulls Additional Building Permit for Downtown Theater -

45 E. G.E. Patterson Ave.

Memphis, TN 38103

Permit Amount: $5 million

Project Cost: $55 million

Application Date: July 2017

Owner: Henry Turley Co. and Community Capital

64. Cordova Shopping Center Sells for $2.3 Million -

The Woodchase Center, located at 2075 N. Germantown Parkway, has a new owner.

Dr. Alan Werner purchased the 28,484-square-foot retail building from MAM Realty Holdings of Memphis LLC for $2.3 million. Brian Califf, executive vice president of NAI Saig, represented Werner, while Melanie Myers with the Gary Myers Co. represented MAM Realty Holdings.

65. Struggling Department Store Chain Sears Closing More Stores -

NEW YORK (AP) – Struggling department store chain Sears says it's closing even more stores as it tries to turn around its business.

Sears Holdings Corp. CEO Eddie Lampert said in a blog post Friday that the company would close another eight Sears and 35 Kmart stores that are unprofitable by early October. No Memphis-area Sears stores were included on the list; the closest Kmart that will be closed is in Jackson, Tennessee.

66. Federal Reserve Tells Congress Further Rate Hikes on the Way -

WASHINGTON (AP) – The Federal Reserve said Friday it expects the U.S. economy will strengthen and warrant further gradual increases in its key interest rate.

That rate forecast was included in the Fed's semi-annual monetary report to Congress, which Chair Janet Yellen will deliver to Congress next week. The Fed has raised interest rates three times since December, pushing its benchmark rate to a range of 1 percent to 1.25 percent. The Fed noted that policymakers still expect one more rate hike this year and another three hikes in 2018.

67. East Memphis Office Building Sells for $7 Million -

A 79,000-square-foot office building in East Memphis has switched hands in a multimillion-dollar deal.

Gregory Realty GP purchased the Class B building at 855 Ridge Lake Blvd. for $7 million from Israel-based investors Faropoint Ventures, doing business as Ridge Lake TN Realty Holdings LLC.

68. Fed Debating When to Unwind $4.5 Trillion in Bond Holdings -

WASHINGTON (AP) – The Federal Reserve is figuring out when to start unloading much of its $4.5 trillion in bond holdings – a major turning point for an economy still healing from the 2008 financial crisis.

69. East Memphis Office Building Sells for $7 Million -

A 79,000-square-foot office building in East Memphis has switched hands in a multimillion-dollar deal.

Gregory Realty GP purchased the Class B building at 855 Ridge Lake Blvd. for $7 million from Israel-based investors Faropoint Ventures, doing business as Ridge Lake TN Realty Holdings LLC.

70. Cooper-Young Getting New Coffee House -

945 Cooper St.
Memphis, TN 38104

Permit Amount: $85,750

Application Date: July 2017

71. Last Word: Corporate Musical Chairs, Another Dollar General and Ronnie Grisanti -

The three-way deal by which Memphis-based Fred’s was to buy hundreds of Rite-Aid stores from Walgreens just keeps getting worse for Fred’s even though the deal happened last week without Fred’s. An analyst says Fred’s got cut out because of questions about the corporation’s viability to enter into what is an ambitious change of course for the company on a large scale.

72. Former Cottage Restaurant Site to Be Demolished -

The tiny white house at the corner of Summer Avenue and Holmes Road stood out in stark contrast to the surrounding auto dealerships and gas stations, but for more than 50 years, the restaurant aptly-named The Cottage provided customers a hearty breakfast and bucolic atmosphere despite its urban setting.

73. Thomas & Betts Moving Corporate Headquarters -

Thomas & Betts Corp. has chosen a new location for its corporate headquarters. The Memphis-based electrical component manufacturer is moving from Southwind to ServiceMaster Global Holdings' current space at 860 Ridge Lake Blvd. in Ridgeway Center. ServiceMaster is vacating the East Memphis property for its new headquarters Downtown.

74. Sears Closes Another 20 Stores -

NEW YORK (AP) — Sears is closing another 20 stores as the ailing retailer tries to turn around its business.

Real estate investment trust Seritage, which owns the 20 real estate properties, confirmed the closings— 18 Sears stores and two Kmart stores — in a government filing Friday.

75. Downtown Core Attracting More Corporate Tenants -

Hamida Mandani, who with her husband Sunny owns City Market at the corner of Main Street and Union Avenue, is anticipating lots of potential new customers soon for her small grocery and deli enterprise.

76. Whitehaven Unveils New Development Direction -

It’s been 10 months since Rev. Earle Fisher was among the individuals turned away from Graceland’s annual candlelight vigil by Memphis police in a reaction to possible protests at the event.

77. Last Word: Disaster Paperwork, The Whitehaven Plan and Juvenile Justice -

On its way to Washington is the paperwork for a federal disaster declaration sent Wednesday by Tennessee Gov. Bill Haslam. It includes Shelby County and 11 other Tennessee counties. This is essentially federal funding that will reimburse local government for money they spend up front for these kinds of disasters. The state’s request also includes a call for individual assistance to Shelby County homeowners and business owners whose property was damaged in the Memorial Day weekend storms.

78. Whitehaven Leaders Unveil New Economic Development Group -

It’s been 10 months since Rev. Earle Fisher was among those turned away from Graceland’s annual candlelight vigil by Memphis Police in a reaction to possible protests at the vigil commemorating the anniversary of Elvis Presley’s death.

79. Fed Raises Key Rate and Unveils Plan to Reduce Bond Holdings -

WASHINGTON (AP) – The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. The Fed also announced plans to start gradually paring its bond holdings later this year, which could cause long-term rates to rise.

80. Sirius XM Buys Stake in Music Streaming Site Pandora -

NEW YORK (AP) – Pandora is raising cash to help it take on Spotify and other streaming music services.

The online music service is selling a 19 percent stake in its business to satellite radio company Sirius XM for $480 million. Pandora will pay a $22.5 million breakup fee to private equity firm KKR for breaking up a previously agreed $150 million deal.

81. Tyson Foods Says Purchase of AdvancePierre Foods Completed -

SPRINGDALE, Ark. (AP) – Tyson Foods Inc. says its purchase of AdvancePierre Foods is now complete.

82. Memphis Sixth-Worst US City for Mosquitoes -

A Memphis-based company that has spent years killing pests across the U.S. says its headquarters city is one of the worst for mosquitoes.

Terminix, a company of ServiceMaster Global Holdings Inc., ranks Memphis No. 6 on a list of cities with the worst mosquito problems.

83. Memphis Sixth-Worst US City for Mosquitoes -

A Memphis-based company that has spent years killing pests across the U.S. says its headquarters city is one of the worst for mosquitoes.

Terminix, a company of ServiceMaster Global Holdings Inc., ranks Memphis No. 6 on a list of cities with the worst mosquito problems.

84. Fed Fines Deutsche Bank $41M Over Money Laundering Controls -

WASHINGTON (AP) – The Federal Reserve has fined Germany's largest bank $41 million for failure to maintain controls against money laundering in its U.S. operations.

The U.S. regulators announced the penalty against Deutsche Bank on Tuesday, citing "unsafe and unsound practices." The global bank also agreed to an order requiring it to improve oversight by senior management in complying with anti-money-laundering laws in the U.S. operations.

85. Flintco Files $25 Million Permit for ServiceMaster HQ -

150 Peabody Place
Memphis, TN 38103

Permit Amount: $25 million

Application Date: May 2017 

86. Sears Revenue Continues Decline Amid Tough Landscape -

NEW YORK (AP) – Sears' extended decline in sales persisted during the first quarter and the storied retailer vowed to make additional spending cuts to offset its slowing business.

The company's operating loss widened to $222 million, or $2.15 per share, on weak sales. Sears Holdings has been closing stores and selling brands long affiliated with Sears, including Craftsman. A year ago the company reported a loss of $181 million.

87. Fed Minutes: Officials Back Reducing Bond Holdings This Year -

WASHINGTON (AP) – Federal Reserve officials signaled in discussions early this month that they would likely start reducing the Fed's huge portfolio of bond holdings later this year, a step that could cause borrowing rates to rise.

88. Pending Elvis Week Will Encompass New Amenities -

Graceland Plaza is just about all gone. Only a few brick storefronts remained Tuesday, May 16, in the area across Elvis Presley Boulevard from the late entertainer’s mansion. The late 1960s-era shopping center that became the entry point for tours of the mansion starting in the 1980s is being demolished to become a new entry point and green space for the $45 million Elvis Presley’s Memphis complex that opened in March.

89. Buffett Criticizes United and Its CEO Over Dragging Incident -

NEW YORK (AP) – Warren Buffett said Monday that United Airlines bungled the case of the passenger dragged off a plane last month, and he is criticizing the CEO's handling of the incident.

90. Fed Leaves Rates Unchanged But Signals Further Hikes Ahead -

WASHINGTON (AP) – The Federal Reserve has left interest rates unchanged while signaling that it expects a resilient U.S. economy and solid job market to justify further rate hikes later this year.

91. ServiceMaster Endows U of M Anthropology Fellowship -

Memphis-based ServiceMaster Global Holdings Inc. has endowed a design and ethnography fellowship at the University of Memphis with a multiyear, $42,000 grant.

92. ServiceMaster Q1 Income Holds Steady; IP Profits Drop -

A pair of Memphis-based corporations – ServiceMaster Global Holdings and International Paper Co. – posted first-quarter numbers Thursday, April 27, that reflect ongoing changes at both.

93. Target-Date Funds and Taxes -

Ray’s Take Target-date funds are mutual funds that contain a collection of other mutual funds that are designed to invest aggressively at the beginning and, over a long time horizon, move money into progressively more conservative holdings as the target date approaches.

94. Memphis Office Market Off to Good Start -

Though small to mid-sized leases comprised the majority of leasing activity, the Memphis area office market got off to a healthy start in 2017, according to Cushman & Wakefield/Commercial Advisors’ first quarter Marketbeat report.

95. United CEO Says No One Will Be Fired for Dragging Incident -

The CEO of United Airlines says no one will be fired over the dragging of a man off a plane – including himself.

CEO Oscar Munoz said Tuesday that he takes full responsibility "for making this right," and he promised more details later this month after United finishes a review of its policies on overbooked flights.

96. Shaffer Named Executive Director Of Rebranded BLDG Memphis -

John Paul Shaffer recently was named executive director of BLDG Memphis, the rebranded entity that brings the Community Development Council of Greater Memphis and Livable Mem-phis under a single organizational identity.
In his new role, Shaffer’s job is to guide the organization in its mission of supporting neighborhood revitalization through a network of organizations and individuals working in the community development space – which BLDG Memphis does primarily through organizational capacity building, community education and engagement, and public policy and advocacy – as well as to promote the new brand. 

97. Last Fed Meeting's Minutes Show Talk of Paring Bond Holdings -

WASHINGTON (AP) – Federal Reserve officials last month discussed the possibility of reducing their enormous portfolio of bond holdings later this year, sooner than many investors have been expecting.

98. Fed Official: Bond Holdings Would Be Reduced Gradually -

FRANKFURT, Germany (AP) – A top U.S. Federal Reserve official says the central bank would likely move in a measured way after it decides to reduce its large bond holdings.

San Francisco Federal Reserve President John Williams said there was a case to be made for moving slowly since reducing the bond holdings would lead to higher longer-term rates even as short-term rates are also being raised.

99. White House to Share Financial Information About Top Staff -

WASHINGTON (AP) – The White House says it will share financial information about some top staff members late Friday.

President Donald Trump, a billionaire New York businessman, has hired some of the wealthiest people to ever serve in government. The financial assets of roughly 180 senior officials must be detailed in documents accessible to the public, and the Trump administration is continuing President Barack Obama's tradition of providing a way to access those documents through the White House website.

100. Editorial: Ending the Shell Game Of Memphis Buildings -

Memphis’ tallest building, 100 North Main, is a dump – a fenced-off, red-tape-entangled, code-violating fire hazard of a dump. Its owners aren’t doing anything about it, and it’s not the only property in this city sitting unused and neglected.