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Editorial Results (free)

1. Last Word: Draft Done, New Beale Moves and New Elvis -

Well, this is off to a rocky start. Jaren Jackson Jr. indicated he didn’t want to come to Memphis until minutes before the Grizz used their number 4 pick in Thursday evening’s NBA draft to select him and reverse years of bad history in draft selections. That was a lot to ask for in the pick of the youngest player in the draft at 18 years of age. But that’s what drafts in the NFL and NBA have come to be about – big moments, declaring victory and celebrating all before anything pans out.

2. Hallmark Channel to Shoot Holiday Film at Graceland -

Hallmark Channel is heading to Graceland to shoot a holiday film next month.

Country music singer and 2018 Daytime Emmy Award nominee Kellie Pickler is set to star in “Christmas at Graceland,” which begins production July 9.

3. Corky’s BBQ to Partner with Dobbs Equity to Fund Expansion -

Longtime Memphis mainstay Corky’s BBQ has announced a partnership with Dobbs Equity Partners LLC, a company founded by local businessman John H. Dobbs Jr., to further accelerate the worldwide growth of the hometown barbecue brand.

4. Hallmark Channel to Shoot Holiday Film at Graceland -

Hallmark Channel is heading to Graceland to shoot a holiday film next month.

Country music singer and 2018 Daytime Emmy Award nominee Kellie Pickler is set to star in “Christmas at Graceland,” which begins production July 9.

5. Sears to Close Another 72 Stores as Sales Plunge -

NEW YORK (AP) – Sears will close another 72 stores as sales shrink and losses grow, an announcement that has become a familiar refrain as the company retrenches.

The beleaguered retailer, which operates Kmart and Sears stores, said it has identified about 100 stores that are no longer turning a profit, and the majority of those locations will be shuttered soon.

6. Safe and Sound -

Entrepreneur Jim Turner is enjoying the recent growth of his MedixSafe drug security cabinet business, which sprouted from his successful security-based business, Electronic Security Specialists & Cabling (ESSC). This year, MedixSafe will top $1 million in sales for the first time and will account for one-third of ESSC’s overall business.

7. International Paper Hopes for Talks In Deal to Acquire Smurfit Kappa -

After recently being given a June 6 deadline by the Irish Takeover Panel to make a final binding offer to acquire Europe’s largest cardboard box producer, Smurfit Kappa Group, Memphis-based International Paper Co. decided against a hostile takeover attempt and is instead hoping to open a dialogue with the company to determine a mutually beneficial path forward.

8. Best Buy Posts Strong Sales, But Investors Sour on Outlook -

NEW YORK (AP) – Best Buy posted strong sales of mobile phones, appliances, and smart computing products as it showed in its financial results that store chains can still thrive as shoppers buy more online.

9. Graceland Arena Controversy Shows Strings as it Broadens -

Elvis Presley Enterprises and City Hall got together last week in Whitehaven on neutral ground to talk about Graceland’s expansion plan, specifically a 6,200-seat arena. And from a distance you could barely see the strings from the arena attached to the 1,000-job manufacturing facility Graceland has also talked about starting on Brooks Road.

10. Sears Explores Sale Of Kenmore, Other Assets -

Sears Holdings Corp. is considering selling its storied Kenmore brand along with other related assets.

The ailing company, which operates Sears and Kmart department stores, says a special committee of its board is exploring the sale after the retailer received a letter from its largest shareholder, ESL Investments, headed by Sears chairman and CEO Edward Lampert, expressing interest in all or some of the assets.

11. Sears: Committee Explores Sale of Kenmore, Other Assets -

Sears Holdings Corp. is considering selling its storied Kenmore brand along with other related assets.

12. AutoZone Expanding Downtown, One Commerce Square Hits Market -

40 S. Main St.

Memphis, TN 38103

Property: One Commerce Square Building 

Seller: Memphis Commerce Square Partners LLC

Details: One Commerce Square, the fourth-largest building in Memphis, has hit the market.

13. Tibbens President, CEO Of American Home Shield -

Memphis-based ServiceMaster Global Holdings Inc. has named Rex Tibbens as the president and CEO of American Home Shield in advance of the spinoff of the home warranty business.

14. Buy Tires on Amazon, Install Them at Sears -

NEW YORK (AP) – Shoppers will be able to buy any brand of tires on Amazon.com, have them shipped to a Sears Auto Center and then bring in their car to get them installed.

15. Walmart Makes a $16 Billion Bet on India's Booming Economy -

NEW YORK (AP) – Walmart will soon reach shoppers in India's massive consumer market directly, as it takes control of the online retailer Flipkart that's known for its ubiquitous delivery drivers on motorcycles with oversized backpacks.

16. Last Word: Making Memphis Easier, Strickland on Graceland and Construction Jobs -

Some of the BSMF reviews in from this past weekend are thumbs up for the way Memphis In May has ramped up what you might call its infrastructure around Uber, Lyft and little items like muddy boots for the increasing number of Memphians and visitors who are ready to go no matter what the weather is doing. And they may opt for some other way into Downtown beyond driving a car and finding a parking place and walking, especially when there’s a drop off at the northern end of the music festival. Even a fire hydrant water flow to take the mud off your boots. We can make Memphis easier with less effort than we think at the outset.

17. Nestle Takes Over Sales of Starbucks in the Grocery Aisle -

SEATTLE (AP) – Nestle is paying more than $7 billion to buy the rights to sell Starbucks coffee and tea in supermarkets and other stores outside its coffee shops.

The deal comes with a huge price tag for Nestle, but it could pay off big for the Swiss company. Its Nescafe and Nespresso don't carry anywhere near the heft in America that the Starbucks brand does, with its $2 billion in annual sales. Nestle will also put Starbucks in grocery stores outside the U.S. and Canada.

18. Strickland: City Given Enough For Entertainment -

Memphis Mayor Jim Strickland says he would support some kind of incentives for the manufacturing facility Graceland wants to open in Whitehaven. But not if it’s linked to a greater share of city and county property tax revenue for a 6,200-seat arena Graceland also wants to build.

19. Tibbens Named President, CEO of American Home Shield -

Memphis-based ServiceMaster Global Holdings Inc. has named Rex Tibbens as the president and CEO of American Home Shield in advance of the spinoff of the home warranty business.

20. County Commission Urges Haslam to Veto Immigration Bill -

Shelby County commissioners approved a resolution Monday, April 30, urging Tennessee Gov. Bill Haslam to veto a bill that would require local and state law enforcement agencies to work with federal immigration and customs enforcement agents on immigration matters.

21. Last Word: Trolleys Roll, Primary Election Day and The Rise of South City -

MATA CEO Gary Rosenfeld likes to joke that the new trolleys are quieter since the transit authority decided to change from using square wheels. Transit humor. They really are quieter. And that may be because MATA wasn’t doing much of anything in the way of maintenance on them four years ago and even less in the way of record keeping when a second trolley car burst into flames causing MATA to shut down everything it ran on rails. So the trolley that rolled out of the MATA barn on North Main Street Monday morning and into service was symbolic of more than getting a trolley or three ready for service. It was about building a new system around the operation of the trolleys.

22. County Commission Urges Haslam Veto of Immigration Bill -

Shelby County commissioners approved a resolution Monday, April 30, urging Tennessee Gov. Bill Haslam to veto a bill that would require local and state law enforcement agencies to work with federal immigration agents on immigration matters.

23. Last Word: The Graceland Campaign, NFL Draft Run Down and Heritage Trail's Story -

Riverside Drive is partially closed through Tuesday and then completely closed starting Wednesday marking the official start of Memphis In May and much of what is spring and summer in Memphis. Following close behind is registration for the Dragon Boat Races in mid-May. But it’s not all fun and games and detouring as you draw close to the river.

24. Memphis Army Depot, CA Building Get New Owners -

2028 Memphis Depot Pkwy.
Memphis, TN 38114

Sale Amount: $50 million

25. Strickland and Weinshanker Trade Public Responses in Graceland Arena Controversy -

They aren’t talking directly to each other, but Memphis Mayor Jim Strickland and Graceland Holdings managing partner Joel Weinshanker traded public responses to each other Friday, April 27.

26. Commercial Appeal Building Sells for $2.8M -

The Commercial Appeal building, 495 Union Ave., has been sold to a New York investment company for $2.8 million.

27. Strickland Responds to Graceland Push for Arena Approval -

UPDATE: Memphis Mayor Jim Strickland responded Friday, April 27, to comments made by Graceland Holdings managing partner Joel Weinshanker Thursday evening at a town hall meeting about Graceland's expansion plans. Here is the statement in full.

28. Commercial Appeal Building Sells for $2.8 Million -

The Commercial Appeal building, 495 Union Ave., has been sold to a New York investment company for $2.8 million.

29. Graceland Map Shows New Arena, Convention Center and Manufacturing Center -

A new map of plans for the Graceland campus in Whitehaven shows two “exhibit buildings” of 80,000 square feet each on either side of a “live event center” Elvis Presley Enterprises wants to build on the western border behind its Elvis Presley’s Memphis entertainment complex.

30. Sears' Biggest Shareholder Offers to Buy Kenmore Brand -

NEW YORK (AP) – Sears' biggest shareholder has suggested the company sell its well-known Kenmore brand and some real estate holdings, offering itself as a potential buyer.

The ailing company has sold off other major brands as it struggles to stay afloat, with Kenmore a notable remainder of the powerhouse retailer that survived two world wars and the Great Depression.

31. CA Sells Land, CBRE Inks New Office Deal -

597 Beale St., Memphis, TN 38103: Gannett Co. Inc., The Commercial Appeal’s parent company, has sold 5 acres adjacent to the CA’s 495 Union Ave. location to a New York-based investment company that specializes in acquiring underperforming and underutilized locations from legacy newspapers.

32. Commercial Appeal Sells 5 Acres to Investment Firm -

Gannett Co. Inc., The Commercial Appeal’s parent company, has sold 5 acres adjacent to its 495 Union Ave. location to a New York-based investment company that specializes in acquiring underperforming and underutilized locations from legacy newspapers.

33. Fred’s Delays Earnings, Annual Report Due to Specialty Pharmacy Unit Sale -

A couple of hours before Memphis-based discount retailer Fred’s Inc. was due to begin its fourth quarter and fiscal year 2017 earnings presentation for analysts, the company pulled the plug.

Scheduled for Wednesday, April 18, Fred’s has postponed not only the earnings presentation but the release of its annual report. Both have been delayed about two weeks due to a decision Fred’s board of directors made in the fourth quarter to sell the company’s specialty pharmacy business.

34. Commercial Appeal Sells Land To New York Investment Firm -

Gannett Co. Inc., The Commercial Appeal’s parent company, has sold 5 acres adjacent to its 495 Union Ave. location to a New York-based investment company that specializes in acquiring underperforming and underutilized locations from legacy newspapers.

35. $14M Building Permit Filed For Thomas & Betts Move -

A $14 million building permit application has been filed with the Office of Construction Code Enforcement for renovations to an office building at 860 Ridge Lake Blvd. in East Memphis for Thomas & Betts Corp.

36. CCRFC Approves Change In Wessman Hotel Project -

The Center City Revenue Finance Corp. has approved a change in the development team planning an Arrive Hotel in the former Memphis College of Art graduate school, 477 S. Main St., and granted an extension on the time the owners have to close on the project.

37. Overton Square Adds Two New Restaurants in One Week -

2110 Madison Ave.

Memphis, TN 38104

Lease Amount: 3,790 square feet 

Tenant: Bogard

Tenant’s Agent: Barry Maynard, LRG

Landlord: Loeb Properties Inc.

38. CCRFC Approves Change In Wessman Hotel Project -

The Center City Revenue Finance Corp. has approved a change in the development team planning an Arrive Hotel in the former Memphis College of Art graduate school, 477 S. Main St., and granted an extension on the time the owners have to close on the project.

39. Former US House Speaker to Promote Legalizing Marijuana -

CINCINNATI (AP) – Former U.S. House Speaker John Boehner said Wednesday he has had a change of heart on marijuana and will promote its nationwide legalization as a way to help veterans and the nation's deadly opioid crisis.

40. $14M Building Permit Filed For Thomas & Betts Move -

A $14 million building permit application has been filed with the Office of Construction Code Enforcement for renovations to an office building at 860 Ridge Lake Blvd. in East Memphis for Thomas & Betts Corp.

41. New Details on Downtown Hotel, Clark Tower Lands Another Tenant -

477 S. Main St.
Memphis, TN 38103

Application Date: April 10

Owner: South Main Hotel LLC

42. Nine West Files for Chapter 11 Bankruptcy Protection -

NEW YORK (AP) – Nine West Holdings Inc. has filed for bankruptcy protection, the latest retailer to do so as it attempts to restructure its debt and refocus on its more successful products.

43. Two Downtown Hotel Projects Moving Forward After Delay -

Two Downtown Memphis hotel projects that were seemingly in stasis appear to moving forward.

Though unrelated, both projects have filed paperwork indicating physical progress may soon be around the corner.

44. Last Word: Holder in Memphis for MLK 50, EDGE Sets a Date and South City Moves -

The week of MLK50 commemorations began Monday with a speech by former U.S. Attorney General Eric Holder and the arrival Monday afternoon of Rev. Bernice King, the youngest child of Dr. Martin Luther King Jr. Meanwhile, Monday's day of free admission to the museum, underwritten by FedEx drew a long line. It also drew some remote trepidation that tends to make the situation seem worse than it is once you actually go there for yourself.

45. American Home Shield CEO Leaves As Spinoff Continues -

The head of the American Home Shield division of Memphis-based ServiceMaster Global Holdings has left the company as it continues the process of spinning off from ServiceMaster.

AHS president Tim Haynes is leaving as the company searches for new leadership. Steve Hochhauser becomes the interim leader of the home warranty business. He comes to the position from being CEO and chairman of Johns Manville, a Denver-based corporation that makes insulation and roofing materials.

46. Mississippi-Based Renasant Buys Georgia Bank for $453 Million -

TUPELO, Miss. (AP) – A Mississippi bank is buying a Georgia bank for $453 million in cash and stock. Renasant Corp. of Tupelo announced on Wednesday the acquisition of Brand Group Holdings of Lawrenceville, Georgia.

47. Last Word: The RDC's New Leader, Potter on 100 North Main and FedEx Moves -

Is Memphis big enough for FedExForum and some kind of event space on the Graceland campus in Whitehaven? The city administration thinks that could be the case. But it requires an “honest broker” between Graceland and the Grizz – who run the forum for the city and county – to quote city chief legal officer Bruce McMullenif there is a deal to be had.

48. Frontier Gun Maker Remington Seeks Bankruptcy Protection -

Remington, the storied gun maker that began turning out flintlock rifles when there were only 19 states in the Union, has filed for bankruptcy reorganization amid years of slumping sales and legal and financial pressure over the Sandy Hook school massacre.

49. St. Jude Raises $108 Million Through Holiday Campaign -

St. Jude Children’s Research Hospital raised more than $108 million during the 14th annual St. Jude Thanks and Giving holiday fundraising drive, the hospital reported Monday, March 12.

Throughout the holidays, shoppers donated at more than 70 corporate partners representing a cross-section of industries. New partners, including Joann, Peeks and HomeSense, joined returning campaign partners Best Buy, Kay Jewelers, Domino’s, Kmart, HomeGoods, Ann Inc., Chili’s Grill & Bar, AutoZone, New York and Co., Williams-Sonoma Inc. and others.

50. St. Jude Raises $108 Million Through Holiday Campaign -

St. Jude Children’s Research Hospital raised more than $108 million during the 14th annual St. Jude Thanks and Giving holiday fundraising drive, the hospital reported Monday, March 12.

Throughout the holidays, shoppers donated at more than 70 corporate partners representing a cross-section of industries. New partners, including Joann, Peeks and HomeSense, joined returning campaign partners Best Buy, Kay Jewelers, Domino’s, Kmart, HomeGoods, Ann Inc., Chili’s Grill & Bar, AutoZone, New York and Co., Williams-Sonoma Inc. and others.

51. Clark Tower, Primacy Parkway Ink New Tenants -

5100 Poplar Ave.
Memphis, TN 38137

Lease Amount: 1,830 square feet

Tenant: Accurate Communications Corp.

52. Halfway There -

Downtown’s office population grew by 300 people this week as ServiceMaster Global Holdings welcomed the largest influx of employees to its new corporate headquarters in the old Peabody Place Mall.

53. Dinner to Go: Walmart to Expand Meal Kits to More Stores -

NEW YORK (AP) – Walmart wants a bigger slice of the crowded meal kits business, announcing Monday that it will offer easy-to-make dinners in more stores this year.

The move puts the world's largest retailer in direct competition with meal-kit companies such as Blue Apron and HelloFresh, which deliver boxes of raw meat and chopped vegetables to subscribers' doorsteps. After Walmart's announcement Monday, Blue Apron's stock tumbled 5 percent.

54. Kambs Tasked With Growing Commercial Arm of Terminix -

ServiceMaster Global Holdings Inc. announced Tuesday, Feb. 27, that it will be purchasing one of the country’s largest commercial pest control operations and combining it with its Terminix brand.

55. ServiceMaster to Acquire Pest Control Company Copesan -

ServiceMaster Global Holdings Inc. has entered into an agreement to purchase and combine its Terminix national account pest control operations with Copesan Services Inc., one of the largest commercial pest management companies in the U.S.

56. ServiceMaster Beats Earnings Estimate, Misses on Revenue -

ServiceMaster Global Holdings Inc. reported Tuesday, Feb. 27, earnings of 35 cents per share in its fiscal fourth quarter, a penny better than estimated on revenue that came in slightly below estimates.

57. ServiceMaster Beats on Earnings, Misses Revenue Target -

ServiceMaster Global Holdings Inc. reported Tuesday earnings of 35 cents per share in its fiscal fourth quarter, a penny better than estimated on revenue that came in slightly below estimates.

58. Buffett Says Tax Cuts Provide Huge Boost to US Businesses -

OMAHA, Neb. (AP) – Billionaire Warren Buffett says American businesses are getting a significant boost from the tax overhaul, but health care costs remain a drag so he hopes a new initiative his company started with Amazon and JP Morgan Chase will deliver significant savings.

59. Spectrum Brands Combining With HRG in $10B Deal -

NEW YORK (AP) – Consumer products company Spectrum Brands is combining with its biggest shareholder, HRG Group Inc., in a deal valued at $10 billion.

60. Graceland Lawsuit Against Grizz Dismissed -

Graceland’s legal challenge of the noncompete agreement between the city and the Memphis Grizzlies was dismissed Thursday, Feb. 15, by Chancellor Jim Kyle.

61. MGM Misses Q4 Profit Forecasts -

LAS VEGAS (AP) – MGM Resorts International on Tuesday reported fourth-quarter net income of $1.4 billion.

The Las Vegas-based company, whose holdings include Gold Strike Casino Resort in Tunica, said it had a profit of $2.42 per share. Earnings, adjusted for pretax gains, were less than 1 cent on a per-share basis.

62. Graceland LawsuitAgainst Grizz Dismissed -

Graceland’s legal challenge of the noncompete agreement between the city and the Memphis Grizzlies was dismissed Thursday, Feb. 15, by Chancellor Jim Kyle.

63. Graceland Lawsuit Against Grizz Dismissed -

Graceland’s legal challenge of the noncompete agreement between the city and the Memphis Grizzlies was dismissed Thursday, Feb. 15, by Chancellor Jim Kyle.

64. Graceland's Lawsuit Against Grizz Dismissed -

Graceland’s legal challenge of the noncompete agreement between the city and the Memphis Grizzlies organization was dismissed Thursday, Feb. 15, by Chancellor Jim Kyle.

65. Sears: Q4 Sales Drop But It Expects a Profit -

NEW YORK (AP) – Sears Holdings Corp. says sales dropped during the critical fourth quarter, but the ailing retailer expects to earn a profit, helped by a windfall from U.S. tax reform.

66. Even 'Safe' Bond Investments Falter as Markets Tumble -

NEW YORK (AP) – The stock market isn't the only thing dropping. Bonds, which are supposed to be the safe part of every investor's portfolio, have faltered, too.

In what's been a rude awakening for some investors, bond funds have lost ground these past couple of weeks, unlike in past downturns for stocks. What's different this time is that the same things undercutting stocks are hurting bond prices: worries about inflation and the possibility of much higher interest rates.

67. Hotel Indigo, Trader Joe’s Move Ahead -

22 N B.B. King Blvd., Memphis, TN 38103: Atlanta-based Three P Partners has filed a $5 million building permit application with the Office of Construction Code Enforcement to construct a 118-room Hotel Indigo at the corner of North B.B. King Boulevard and Court Avenue.

68. Glassman to Tax Pros: Take a Lesson From the Tortoise, Not the Hare -

Richard Glassman’s spacious office in Downtown Memphis is cluttered like a closet, but holds the history of a museum. Everything from a cap signed by actor Tom Cruise back when “The Firm” was being filmed in Memphis, to a framed and autographed No. 45 Michael Jordan Chicago Bulls jersey, to a stuffed cobra positioned under his desk, looking ready to pounce.

69. Trader Joe’s Seeking First Official Approval from Germantown -

The saga of Trader Joe’s in Germantown has had more than its fair share of ups and downs over the last several years, but those all appear to be in the rear view mirror, as the first tangible plans listing the highly sought-after grocer have surfaced.

70. Trader Joe’s Seeking First Official Approval from Germantown -

The saga of Trader Joe’s in Germantown has had more than its fair share of ups and downs over the last several years, but those all appear to be in the rear view mirror, as the first tangible plans listing the highly-sought after grocer have surfaced.

71. 5 Things: What Yellen's Fed Tenure Will Be Remembered For -

WASHINGTON (AP) – When Janet Yellen leaves the Federal Reserve this weekend after four years as chair, her legacy will include having shattered a social barrier: She is the first woman to have led the world's most powerful central bank, a position that carries enormous sway over the global economy.

72. CDC Director Resigns Over Financial Conflicts of Interest -

NEW YORK (AP) – The director of the Centers for Disease Control and Prevention resigned Wednesday over financial conflicts of interest involving her investments in health care businesses.

73. Trader Joe’s, H&M, Mempops Announce New Locations -

2130 Exeter Road, Germantown, TN 38138: It looks like the Memphis area is finally getting a Trader Joe's. A $750,000 building permit application that lists Trader Joe’s as a tenant has been filed with the Office of Construction Code Enforcement.

74. Trader Joe’s Files Permit For Germantown Store -

It looks like the Memphis area is finally getting a Trader Joe’s.

A $750,000 building permit application that lists Trader Joe’s as a tenant has been filed with the Office of Construction Code Enforcement.

75. Trader Joe’s Coming to Germantown -

It looks like the Memphis area is finally getting a Trader Joe's. A $750,000 building permit application that lists Trader Joe’s as a tenant has been filed with the Office of Construction Code Enforcement.

76. Council Reopens MLGW Rate Hike Consideration, Approves Term Limit Referendum -

Memphis City Council members decided Tuesday, Jan. 23, to take a second look at the gas and electric rate-hike proposals they rejected two weeks ago, but put off any new votes on the matter until February.

77. Council Reopens MLGW Rate Hike Consideration, Approves Term Limit Referendum -

Memphis City Council members decided Tuesday, Jan. 23, to take a second look at the gas and electric rate hike proposals they rejected two weeks ago. But they put off any new votes on the matter until the first council meeting in February after what is expected to be a lengthy discussion in committee earlier that same day at City Hall.

78. Council Talks With Head of TVA, Votes on Two More Ballot Questions -

Memphis City Council members talk with Tennessee Valley Authority president Bill Johnson Tuesday, Jan. 23, meet Mayor Jim Strickland’s nominee to replace retiring Memphis Light, Gas and Water Division president Jerry Collins and may renew discussions of electric and gas rate hikes proposed by MLGW that it voted down two weeks ago.

79. Insurer AIG is Buying Validus in Deal Worth About $5.56B -

NEW YORK (AP) – Insurer AIG is buying Validus, a provider of reinsurance, primary insurance, and asset management services, in a deal worth approximately $5.56 billion.

American International Group Inc. said Monday that it will pay $68 for each share of Validus Holdings Ltd. That's a 45.5 percent premium to the Bermuda company's Friday closing price of $46.72.

80. What a Kick -

Peter Freund is a baseball guy. Grew up on the New York Yankees. Today, not only is he principal owner of the Memphis Redbirds, he owns stakes in other minor league teams through his Trinity Baseball Holdings and even has a small slice of the Yankees. But make no mistake, he is a businessman. And it was the businessman in him that was convinced to bring a United Soccer League (USL) team to Memphis and AutoZone Park for the 2019 season.

81. Despite Merry Holidays, Retailers Face Challenges in 2018 -

NEW YORK (AP) – Retailers are riding high after ebullient U.S. consumers shopped at the healthiest pace in more than a decade over the holiday season. But merchants can't afford to rest easy.

82. Fed Projects $80.2 Billion Payment to Treasury for 2017 -

WASHINGTON (AP) – The Federal Reserve said Wednesday the payments it will make to the federal government based on its 2017 operations will drop to $80.2 billion, down 12.3 percent from 2016.

83. Sears Raises $100M in New Financing, Eyes $200M in Cost Cuts -

NEW YORK (AP) – Sears has secured more financing, and is eying more cost cutting, as the beleaguered retailer reported a big sales drop during the critical holiday season.

The company, which operates Sears and Kmart stores, said Wednesday that it secured $100 million in new financing, will seek twice that from other sources, and will attempt $200 million in additional cost cuts this year unrelated to store closings. It also warned that if the company's efforts to complete these transactions are not fully successful, then the board will consider all other options to maximize the value of its assets.

84. City Council to Consider Ideas to Mitigate Kroger Closures -

Memphis City Council members will talk Tuesday, Jan. 9, about the decision of Kroger’s Delta Division to close two of its Memphis stores in 3 1/2 weeks.

The sudden announcement could create food deserts in those areas of the city and make it difficult of recruit replacement stores.

85. AP Source: Former Uber CEO Kalanick Selling Part of Stake -

DETROIT (AP) — Uber co-founder and former CEO Travis Kalanick will sell 29 percent of his stake in the ride-hailing service, a person briefed on the deal says.

The sale is part of a transaction with investors that includes Softbank Group Corp. and would bring Kalanick about $1.4 billion, according to the person, who asked not to be identified because the sale terms are private. Kalanick had not previously sold Uber shares but decided to do so now to diversify his holdings, the person said.

86. Memphis Experts See Economic Growth Building Off 2017 Into 2018 -

With resolutions made and the new year now, another annual exercise rises to the forefront – predictions on what Memphis and its economy can expect in 2018.

If 2017 taught us anything, it’s that there’s so much we won’t be able to even remotely see coming, from Memphis bidding to become the potential home for Amazon’s second headquarters to action finally being taken on the Confederate monuments in city parks and so much more.

87. AP Explains: Who's Affected by Computer Chip Security Flaw -

Technology companies are scrambling to fix serious security flaws affecting computer processors built by Intel and other chipmakers and found in many of the world's personal computers and smartphones.

88. Wrong Mutual Fund Can Rob Years of Retirement Income -

You may not know it, but there's a class system inside your investment portfolio.

At least there is if you own mutual funds, as nearly 55 million households do. Mutual funds are frequently divided into share classes, which essentially means different fee levels. The same fund – with the same manager, investment holdings and performance – may come at a significantly different cost, depending on the share class you're in.

89. Q&A: Using Government Policy to Guide Investment Choices -

From the Republican-led federal tax reform package signed into law last week by President Donald Trump to his predecessor's sweeping overhaul of health care, government policies can often benefit some companies and hurt others.

90. Major League Soccer: Nashville Granted Latest Expansion Team -

NASHVILLE, Tenn. (AP) – Major League Soccer is expanding its presence in the southeast, awarding Nashville the first of its newest expansion franchises as MLS' 24th team .

Commissioner Don Garber made the announcement Wednesday at a news conference with Tennessee Gov. Bill Haslam, Nashville Mayor Megan Barry and John R. Ingram, head of the group that will own the team.

91. Tenet Looks to Sell Conifer Business, Cut More Costs -

Tenet Healthcare aims to expand its cost-cutting plan, sell a business and continue shaking up its board mix as the hospital chain seeks firmer financial footing.

Tenet’s holdings include Saint Francis Hospital-Memphis and Saint Francis Hospital-Bartlett.

92. Possible Trader Joe’s Update, New $35M Airport Facility -

In this week’s Real Estate Recap, a new development in the saga of Germantown’s Trader Joe’s, Memphis International Airport begins work on a new $35 million facility, and Central BBQ announces a new a location...

93. ServiceMaster Hires Chief Transformation Officer -

Memphis-based ServiceMaster Global Holdings Inc. has named a new senior vice president and chief transformation officer.

94. Cooper-Young Historic District, Shelby Farms Mixed-Use Project Approved by LUCB -

During its last meeting of 2017, The Shelby County Land Use Control Board tackled a particularity large slate of notable projects, including a massive $142 million mixed-use development on the outskirts of Shelby Farms and the fate of Cooper-Young’s Landmarks status.

95. ServiceMaster Names Chief Transformation Officer -

Memphis-based ServiceMaster Global Holdings Inc. has named a new senior vice president and chief transformation officer.

96. Trader Joe’s Still Mystery As Developers Buy Old Kroger -

Developers planning to renovate the old Kroger location at 2130 Exeter Road in Germantown have bought out the property’s previous owners in a multimillion-dollar deal.

97. Developers of Old Kroger Site Buy Property for $8M -

The developers planning the renovations of the old Kroger location at 2130 Exeter Road have bought out the property’s previous owners in a multimillion-dollar deal.

Savannah, Georgia-based Wicker Park Capital Management, doing business as 2130 Exeter Road Holdings, has acquired the site from previous owner Robert H. Schwab for $8.1 million, according to warranty deed filed with the Shelby County Register on Dec. 11.

98. WA -

Good morning, Memphis! Dust off your robes and lightsabers, because the latest “Star Wars” movie hits theaters this week. Of course, there’s plenty more to keep you busy in the coming days. Here’s what you need to know about in The Week Ahead – no Jedi powers required.

99. Week Ahead -

Good morning, Memphis! Dust off your robes and lightsabers, because the latest “Star Wars” movie hits theaters this week. Of course, there’s plenty more to keep you busy in the coming days. Here’s what you need to know about in The Week Ahead – no Jedi powers required.

100. The Week Ahead: Dec. 11-17 -

Good morning, Memphis! Dust off your robes and lightsabers, because the latest "Star Wars" movie hits theaters this week. Of course, there's plenty more to keep you busy in the coming days. Here's what you need to know about in The Week Ahead - no Jedi powers required.