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Editorial Results (free)

1. Boyle Promotes Hayden to CFO -

Matt Hayden has been promoted to treasurer and chief financial officer of Boyle Investment Co.

Hayden joined the Memphis-based real estate company in 2014 as deputy treasurer. Prior to joining Boyle, he worked as senior vice president of Wunderlich Securities Inc. and first vice president of Morgan Keegan & Co. Inc.

2. JobLINC Fair to Include More Than 100 Employers -

More than 100 hiring companies will attend Memphis Public Library’s JobLINC Career Fair on Thursday, July 28, from 9:30 a.m. to 2 p.m. at the Pipkin Building, 940 Early Maxwell Blvd., on Tiger Lane.

3. Trustmark Sees $21.5M Profit in Second Quarter -

Trustmark Corp. has reported net income of $21.5 million for the second quarter of 2016.

That’s down from a little more than $30 million in the year-ago period.

4. TAG Truck Center to Occupy Mall of Memphis Land -

4430 American Way

Memphis, TN 38118

Permit Amount: $28 million

Application Date: July 2016

5. Revenue Up, Profit Down At Gannett -

Shares of The Commercial Appeal’s parent company are down some 12 percent this year, compared to a more than 6 percent year-to-date gain in the S&P 500 index, and the company’s second quarter earnings released Wednesday, July 27, help partly explain why.

6. Pinnacle Financial to Anchor Boyle’s Building -

Pinnacle Financial Partners will be an anchor tenant in Boyle Investment Co.’s long-awaited office building in Ridgeway Center.

7. Pinnacle Financial Anchor Tenant in Boyle's New Office Building -

Pinnacle Financial Partners will be an anchor tenant in Boyle Investment Co.’s long-awaited office building in Ridgeway Center.

8. Survey: American Consumers' Confidence Remains Steady -

WASHINGTON (AP) – American consumers are feeling confident about current economic conditions but are a bit warier about the future.

The Conference Board said Tuesday that its consumer confidence index was essentially unchanged in July, dipping to 97.3 from a revised 97.4 in June. The business group's index includes consumers' assessment of the economy now and what they expect over the next six months. Their view of today's economy rose to the highest level since September, but their outlook slipped.

9. RVC Outdoor Destinations Helps Honeybees -

RVC Outdoor Destinations is making an investment in one of America’s most important natural resources: honeybees.

The company is installing honeybee hives at its outdoor resort properties nationwide in an effort to slow the disastrous effects of colony collapse disorder.

10. As Fed Meets, No Rate Hike is Expected Until Late This Year -

WASHINGTON (AP) – On again. Off again. On again?

Anyone trying to peg the likelihood of a Federal Reserve interest rate hike this year has been subject to a topsy-turvy shift of expert opinion the past few months. And when the Fed holds its latest policy meeting this week, few think it will provide much more clarity.

11. Grove Park Building Sells for $8.6 Million -

A Nashville-based investment group has made its first purchase in Memphis. Priam Capital has purchased the Grove Park Building at 4515 Poplar Ave. in East Memphis from GPCTN Investment Co. LLC for $8.6 million.

12. County Leaders Face New Budget Anxiety -

Shelby County commissioners meet in special session Wednesday, July 23, to cross the last “t” of the spring budget season some 27 days after the start of the new fiscal year.

That’s “t” for taxes.

13. Tennessee in Top 10 For Retail Development -

Tennessee has made the top 10 states for retail real estate development, according to a recent study by NAIOP Research Foundation.

Tennessee came in at No. 9, with commercial real estate development supporting nearly 60,000 related jobs and contributing $3.7 billion to the state’s economy.

14. Last Word: A Robust 2nd Quarter, Marshall and Union and the Code Crew -

Last Word is more like First Word because of a blink of the computer overnight at around 11 p.m. that left us able to create and report but not to post. But not to worry, we will resume our night owl habits Sunday into Monday after this brief reminder of the way things used to be when the deadline was when the presses stopped.

15. Boyle Completing Key Quadrant At Schilling Farms, Eyeing More Retail -

Boyle Investment Co. is wrapping up construction on a critical corner of Schilling Farms that will bring more retail and encourage more office users to consider the development. The three adjacent projects fill in the southern quadrant of Schilling Boulevard and Winchester Road, a small part of the sprawling 443-acre, city-within-a-city in Collierville.

16. ‘Why Don’t We Start Our Own?’ -

The diner-style restaurant planned for 2657 Broad Ave. is a bit unique as far as commercial real estate projects go.

Yes, it’s of a piece with the rest of the groundswell of redevelopment and commercial activity that’s transformed Broad into a people-packed arts, retail and restaurant scene. One of those hotspots along the street is the combination coffee shop and retailer City & State, the owners of which have signed a lease at 2657 Broad for their next venture.

17. Domino's Says Key US Sales Figure Jumped Nearly 10 Percent -

ANN ARBOR, Mich. (AP) – Domino's said its sales jumped 9.7 percent at U.S. stores open at least a year in the second quarter, boosted by the convenience of its digital ordering options and loyalty program.

18. Bank Building Set To Become Boutique Hotel -

158 Madison Ave.
Memphis, TN 38103

Sale Amount: $1.1 million

Sale Date: June 13, 2016

Buyer: Wessman Holdings

19. Comerica Says It Will Cut Almost 800 Jobs, Close 40 Banks -

NEW YORK (AP) – Comerica said Tuesday it will cut close to 800 jobs and close 40 banks to cut costs. The regional bank also reported a bigger quarterly profit than analysts expected.

Comerica said it wants to eliminate $160 million in annual spending by the end of 2018. The company said it will eliminate about 9 percent of its jobs, which would be 791 workers based on recent employment figures. Comerica will also close 40 banks and outsource some technology functions to reduce spending.

20. Threlkeld Says Metropolitan Bank Going Back In Time With New Advisory Service -

A conversation with Metropolitan Bank executives about a new business advisory platform the 9-year-old bank has just launched quickly turned into a talk about how much of a commodity business banking has become.

21. New Center to Capitalize on Strong Retail Demand -

The shopping center at 6450 Poplar Ave. is fully constructed with tenants opening as soon as next month.

22. City Council to Vote On Pinch District Street Closures -

The Memphis City Council votes Tuesday, July 19, on a pair of street/alley closures in the Pinch district as Pinch Partners Investment Co. considers one of two plans for developing the parcels bordering Commerce Avenue and a section of the November 6th Street alley.

23. Gap Inc. Adding 100 Jobs in Sumner County -

NASHVILLE, Tenn. (AP) — State officials say clothing retailer Gap Inc. plans to add 100 jobs at its Sumner County distribution center as part of a $3.1 million investment into the facility over the next five years.

24. Tenn. in Foundation’s Top 10 For Retail Development -

Tennessee has made the top 10 states for retail real estate development, according to a recent study by NAIOP Research Foundation.

Tennessee came in at No. 9, with commercial real estate development supporting nearly 60,000 related jobs and contributing $3.7 billion to the state’s economy.

25. Boyle Expanding Schilling Farms Development -

Construction is nearing completion on several new projects at Schilling Farms on an 11-acre site at the corner of Schilling and Winchester boulevards.

A new 50,000-square-foot Class A office building opens at 255 Schilling Blvd. Half of the space is pre-leased to Helena Chemical Co. and the other 25,000 square feet of ground-floor space is available for office or retail uses.

26. Metropolitan Bank Starts Capital Advisory Unit -

Metropolitan Bank has launched a new business advisory platform.

The 9-year-old bank is expanding on its traditional service offerings with a new unit, Metropolitan Capital Advisors. Longtime Memphis real estate finance professional Rob Threlkeld will head up the unit as senior managing director.

27. Metropolitan Bank Launches Metropolitan Capital Advisors -

Metropolitan Bank has launched a new business advisory platform.

The 9-year-old bank is expanding on its traditional service offerings with a new unit, Metropolitan Capital Advisors. Longtime Memphis real estate finance professional Rob Threlkeld will head up the unit as senior managing director.

28. Madison Hotel Sells to Chicago-Based Hotel Group -

79 Madison Ave.

Memphis, TN 38103

Sale Date: June 21 

Buyer: 79 Madison Avenue LLC

29. Elkington Promoted At ABO Marketing -

Jamie Elkington has been promoted to director of communications at ABO Marketing & Communications. In this position, she will direct and implement public relations plans for the nonprofit and business organizations the firm serves.

30. EU Says China Needs to Give EU Companies Fair Market Access -

BEIJING (AP) — The EU trade commissioner said Monday that China has to give European companies the same kind of market access that Chinese companies enjoy in Europe before discussions can start on a bilateral free trade agreement.

31. Boyle Completes Office, Starts Multi-Family Expansion -

Construction is nearing completion on several new projects at Schilling Farms on an 11-acre site at the corner of Schilling and Winchester boulevards.

On Thursday, July 21, a new 50,000-square-foot Class A office building will open at 255 Schilling Blvd. Half of the space is pre-leased to Helena Chemical Co. and the other 25,000 square feet of ground-floor space is available for office or retail uses.

32. Gordon: ‘You’re Not Alone on Your Journey’ -

If you know anything about Kat Gordon at all, it’s likely the Technicolor version that’s clearest in press photos: There she is, gingham apron tied on, smile dazzling, holding a tempting plate of cupcakes or pie from her wildly popular bakery, Muddy’s Bake Shop, which now comprises two retail locations and a commercial kitchen and custom studio.

33. Education Leaders Reboot TNReady Tests, Re-Examine Process -

The disastrous rollout of the new TNReady student achievement tests has gone from finding a new test vendor to a re-examination of the role such testing plays in public education.

Tennessee Education Commissioner Candice McQueen announced Wednesday, July 6, the state has a letter of intent with the Minneapolis-based testing service Questar Assessment to develop and deliver both pen-and-paper and online student achievements tests starting in the school year that begins in August.

34. Fed Minutes Show Worries About Job Slowdown, Brexit -

WASHINGTON (AP) – Federal Reserve policymakers last month were unsure about the outlook for the U.S economy because of a sharp slowdown in job growth and the potential threat posed by a vote in Britain over leaving the European Union.

35. 3-Story Hotel Set to Rise In Southeast Shelby County -

7967 Lowrance Road
Shelby County, TN 38125

Permit Amount: $2.6 million

Issued Date: July 2016

36. FDA Approves First Dissolving Stent for US Patients -

WASHINGTON (AP) – A medical implant that slowly dissolves into the body could be the answer to long-standing safety concerns with devices used to treat clogged arteries.

But not so fast, say experts.

37. Cordova Retail Center Sells for $3 Million -

A two-tenant retail center on Germantown Parkway has traded hands for $3 million.

Kim Investment Partners IV LLC, a California limited liability company, purchased the 6,480-square-foot Class A building at 2288 N. Germantown Parkway from GT Plaza LLC, according to a June 29 warranty deed.

38. New Site Helps Tennesseans Evaluate College Programs -

High school students and adults seeking higher education and businesses looking to boost their workforce have a new tool in LaunchMyCareerTN.org.

39. Memphis International Raceway Readies for World Series of Drag Racing -

No one is suggesting that Memphis International Raceway will duplicate the economic impact numbers generated by the Bristol Motor Speedway. For those numbers – more than $417 million in direct economic impact from 2012 to 2014 – are otherworldly.

40. New Site Helps Tennesseans Evaluate College Programs -

High school students and adults seeking higher education and businesses looking to boost their workforce have a new tool in LaunchMyCareerTN.org.

41. 6 Signs Your Website Is No Longer Working for You -

Your website is a first look into your company. It’s a reflection of your company’s culture as well as your leadership. But simply having a website isn’t enough. It must have a purpose – and if that purpose doesn’t yield measurable results, this could be the first sign that your website no longer fits the needs of your company.

42. Chamber Names Simmons Director of Public Policy -

Haley Simmons has joined the Greater Memphis Chamber as the director of public policy, a new position in the chamber’s community development department. In this role, Simmons will be focused on enhancing the chamber’s advocacy efforts to inform and engage its members on important policy issues, and he’ll also be responsible for growing the chamber’s role in education initiatives.

43. Mid-South Food Bank Receives Donation From Archer Daniels Midland -

The Mid-South Food Bank has received a $5,500 donation from Archer Daniels Midland, money that will go toward distributing high-nutrition food through the Food Bank’s network of partner food pantries, soup kitchens, shelters and other agencies that provide food for those in need.

44. Memphis Financial Pros Brace for More Brexit Fallout -

Markets are a little like patients going in for a medical checkup. Neither one likes big surprises.

Nevertheless, that’s what everyone got at week’s end after the United Kingdom voted to pull out of the European Union. And the first phone call that First Tennessee Bank chief investment officer Jerry Laurain got on the morning after the unexpected vote result was the kind investment professionals always brace for after market-moving shocks.

45. Last Word: Pinch Plans, Beyond the Basics and the Golden Greek -

The future of the Pinch District looks to be Memphis Mayor Jim Strickland’s first venture beyond being “brilliant at the basics.”

46. FedEx Posts $70 Million Loss, Gives Cautious Outlook -

Memphis-based FedEx Corp. lost $70 million in the latest quarter because of large pension and acquisition items, and the delivery giant gave a cautious outlook for the next 12 months.

47. Women-Led Angel Investment Network Launches -

The husband-and-wife team behind the Broad Avenue retailer City & State – Lisa and Luis Toro – are preparing to open another business in the neighborhood, a diner-style restaurant at 2657 Broad.

48. Pinch District to Move in a New Direction: Up -

The Pinch District is getting a sky-high development treatment. For decades, the north Downtown neighborhood has been known as a sea of parking lots punctuated by a handful of small businesses.

With St. Jude Children's Research Hospital announcing $1 billion in new construction, the Pinch's largest tenant is opening up its campus with new buildings, some as tall as 12 stories, in the greater Pinch neighborhood. A neighborhood-level presence is a sea change for the institution, which has grown to 2.5 million square feet behind a gated campus.

49. Target-Date Funds, Questions to Ask -

Ray’s take: Target-date funds have become one of the most popular retirement plan investment choices in recent years. A target-date fund is a mutual fund that automatically changes its mix of stocks, bonds and cash based on a date of planned retirement. You just determine your retirement date and choose the one closest to that date.

50. New For-Profit Medical Schools Springing Up Across US -

BOISE, Idaho (AP) – For-profit medical schools are starting to pop up around the country, promising to create new family doctors for underserved rural regions.

Rural states like Idaho need more general practitioners, with the baby boom generation aging and expanded insurance coverage under the Affordable Care Act making health care more accessible. But critics of the new schools question whether companies can properly train the nation's next crop of doctors.

51. Community Foundation Bucks National Trend With Increase in Donations -

The most recent Giving USA Report showed that Americans are giving more than ever – a record-high rate of more than $1 billion a day ($373.25 billion in 2015) – but that donations to foundations were down.

52. FedEx Posts $70 Million Loss, Gives Tepid Outlook -

DALLAS (AP) – FedEx Corp. lost $70 million in the latest quarter because of large pension and acquisition items, and the delivery giant gave a cautious outlook for the next 12 months.

53. Yellen Says Uncertainties Justify Cautious Approach -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said Tuesday that the U.S. economy faces a number of uncertainties that require the Fed to proceed cautiously in raising interest rates.

54. Evolution of Memphis’ Startup Ecosystem -

In 2014, Start Co. partnered with Jumpstart America, a venture development organization from Cleveland, Ohio, that has created a decades-long legacy of entrepreneurship in communities like ours.

55. Cox to Lead Asset Management at Lehman-Roberts -

Matt Cox has been promoted to director of asset management at Lehman-Roberts Co. Cox most recently served as total process reliability coordinator for three years. In his new role, he is responsible for the full lifecycle of all construction equipment supplied to Lehman-Roberts’ operations divisions, including acquiring equipment, maintaining nearly 600 pieces of rolling stock and disposing of equipment as necessary.

56. 10 Years After Housing Peaked, US is More of a Renter Nation -

MOUNT PLEASANT, South Carolina (AP) – It's a troublesome story playing out across America in the 10 years since the housing bubble peaked and then burst in a ruinous crash: As real estate has climbed back, homeowners are thriving while renters are struggling.

57. Important Role of Corporate Support for Nonprofits -

Financial and in-kind support from businesses and corporations are so important to the life of nonprofits. Whether through event sponsorships or grants for programs and operations, businesses matter. They provide visibility, funding and talent.

58. Orlando Tourism: No Mass Cancellations Now But Future Unsure -

Experts say it's too soon to gauge whether a week of horrific news out of Orlando will hurt tourism there. But travel agents are not seeing widespread cancellations, and many travelers say they're committed to visiting.

59. Federal Court Upholds Net Neutrality Rules -

A federal appeals court on Tuesday upheld the government's "net neutrality" rules that require internet providers to treat all web traffic equally.

The 2-1 ruling from the U.S. Court of Appeals for the District of Columbia Circuit is a win for the Obama administration, consumer groups and content companies such as Netflix that want to prevent online content from being blocked or channeled into fast and slow lanes.

60. Believe It or Not -

Long before Jim Strickland was mayor of Memphis, he was a thirtysomething lawyer and sports fan. Not always in that order. He loved the University of Memphis – his alma mater – and rooted like crazy for the basketball team. And on those less frequent occasions when there was a reason to believe, for the football team, too.

61. Tennessee Lagging On Alternative Energy -

Tennessee has never been at the forefront of alternative energy. If California is the cool kid tapped in on all the latest advances, we could be considered the behind-the-times cousin always trying to play catch up.

62. Inflation’s Impact on Your Investments -

Ray’s take: Most investors place “safety” or “guarantees” on the list to consider when evaluating any investment. Too many don’t fully consider the risk of going broke safely on that list. That’s what inflation does to you.

63. EDGE Grants Incentives for TAG Truck Center, Turner Dairy -

Two longtime Memphis-area companies secured tax incentives at the June meeting of the Memphis-Shelby County Economic Development Growth Engine.

The payment-in-lieu-of-taxes will support TAG Truck Enterprises LLC’s plans for the former Mall of Memphis site as well as an expansion of Turner Dairy in the heart of Midtown.

64. ServiceMaster Lands EDGE Incentive Package -

The final piece of ServiceMaster’s local incentive package fell into place Wednesday, June 15, at a Memphis-Shelby County Economic Development Growth Engine board meeting.

The residential- and commercial-services company, which plans to move its headquarters into the former Peabody Place mall in Downtown Memphis, received a payment-in-lieu-of-taxes incentive to offset its $9.3 million personal property investment for items such as furniture, fixtures, computers and equipment.

65. Fed Leaves Rates Unchanged; No Hint on Timing of Next Hike -

WASHINGTON (AP) – The Federal Reserve is keeping interest rates unchanged in light of an uncertain job market and offering no hints of when its next rate hike might occur.

The Fed noted in a statement Wednesday after its latest policy meeting that the pace of hiring has slowed even as the overall economy has improved.

66. Spiraling Drug Costs Prompt Call for Major Medicare Changes -

WASHINGTON (AP) – Calling the rising cost of drugs "unsustainable," congressional advisers on Wednesday recommended major changes to Medicare's popular outpatient prescription program, now 10 years old.

67. Court Upholds Net Neutrality Rules on Equal Internet Access -

WASHINGTON (AP) – In a big win for the Obama administration, a federal appeals court on Tuesday upheld the government's "net neutrality" rules that require internet providers to treat all web traffic equally.

68. With Economic View Hazy, a Wait-and-See Fed Message Expected -

WASHINGTON (AP) – It's all about the data. For months, the Federal Reserve has said that once economic data showed a consistently healthy economy, it would be time to resume raising interest rates. And for almost as long, the data has shown improvement and suggested that a rate hike was likely this summer.

69. EDGE to Consider Incentives for ServiceMaster, Others -

ServiceMaster Global Holdings is one of three local companies with tax-incentive applications before the Memphis-Shelby County Economic Development Growth Engine board on Wednesday, June 15.

The residential- and commercial-services company, which plans to move its headquarters into the former Peabody Place mall in Downtown Memphis, is seeking a payment-in-lieu-of-taxes incentive to offset its $9.3 million personal property investment for items such as furniture, fixtures, computers and equipment.

70. The Week Ahead: June 13-19 -

Let’s get this week started, Memphis! Here’s our roundup of local happenings you need to know about, from decisions about ServiceMaster incentives to the ultimate dodgeball tournament.

71. Promotions and Money: Time to Review -

Ray’s Take: Congratulations on your promotion! You just took another step on your career path. Now you should take time to be sure you are on track with your financial plan based on your new situation.

72. What Youth Baseball Can Teach the Executive Team -

I love middle school baseball. It gives me a chance to spend quality time with my son while experiencing the finer points of youth athletics. Each year, I see the teams grapple with finding the right balance of fundamentals and then defining offensive and defensive strategy to set them apart from their competition. There is a strong parallel with some of the core business insights I regularly share with my clients. It turns out much of what you learn in little league can work both on the baseball diamond and in the conference room. 

73. Medtronic Earnings Top Expectations -

Medtronic reported better-than-expected financial results in the most recent quarter, as sales for its pacemakers, stents and other medical products rose.

Medtronic, whose spinal business is based in Memphis, said it also got a revenue boost from its $50 billion acquisition of surgical equipment maker Covidien. That deal closed last year.

74. ServiceMaster Disrupting Its Culture With Move Downtown -

ServiceMaster is converting Peabody Place into a corporate headquarters that would rival a Silicon Valley tech outfit.

On Friday, June 3, ServiceMaster laid to rest months of speculation about whether the company would relocate to a larger city like Atlanta or Dallas. Memphis’ available Class A office space can’t currently accommodate ServiceMaster’s needs, so it looked to the retail sector for its new home.

75. Wal-Mart's CEO Urges Employees to Reimagine Company's Future -

FAYETTEVILLE, Ark. (AP) – Wal-Mart's CEO urged employees on Friday to reimagine its future in a fast-shifting retail landscape.

The company is at a crossroads, as its long-held dominance in pricing has been chipped away at by Amazon and dollar stores. But it's fighting back on multiple fronts, growing more aggressive with prices and going after Amazon, both online and on the doorstep, by expanding delivery services.

76. Nordstrom Rack-Anchored Center Gets $15.5M Construction -

4572 Poplar Ave.
Memphis, TN 38117

Permit Amount: $10.5 million

Project Cost: $15.5 million

Completion: Fall 2017

77. Medtronic Earnings Top Expectations -

Medtronic reported better-than-expected financial results in the most recent quarter, as sales for its pacemakers, stents and other medical products rose.

Medtronic, whose spinal business is based in Memphis, said it also got a revenue boost from its $50 billion acquisition of surgical equipment maker Covidien. That deal closed last year.

78. MAA Still Entertaining Headquarters Options -

Memphis-based MAA is a year into its search for a new headquarters, and the company is moving closer to plans for a newly constructed building.

The real estate investment trust, which focuses on multifamily properties, first announced the move last summer. MAA is currently housed in nearly 43,000 square feet at 6584 Poplar Ave. in East Memphis. It is looking for an 80,000-square-foot space, with room to grow, to house its 200 local employees.

79. Pizza Chain Cooks Up Growth in Memphis -

Papa Murphy’s has cooked up some ambitious growth plans in Memphis to accompany the pizza pies the Vancouver, Wash.-based chain is known for.

Because of the success of the chain’s eight current stores in the Memphis area, Papa Murphy’s chief development officer and senior vice president of technology Jayson Tipp says the company wants to ramp that up to at least 25.

80. US Economy Showing Signs of Life After Slow Start to Year -

WASHINGTON (AP) – The U.S. economy is showing signs of more life after a less-than-stellar start to the year.

The government said Friday that first-quarter growth, while disappointing, wasn't as bad as first thought. And a number of more recent indicators are showing decent gains in key areas like consumer spending and housing.

81. Poplar Commons Developers Pull Permits Totaling $15.5M -

The developer of the Poplar Commons shopping center, which will open in fall 2017, has applied for its first batch of construction permits for the 135,000-square-foot center.

The largest permit Seritage Growth Partners is seeking is $10.5 million for a single-story retail building at 4572 Poplar Ave., labeled as building 1.

82. Poplar Commons Developers Pull Permits Totaling $15.5 Million -

The developer of the Poplar Commons shopping center, which will open in fall 2017, has applied for its first batch of construction permits for the 135,000-square-foot center.

The largest permit Seritage Growth Partners is seeking is $10.5 million for a single-story retail building at 4572 Poplar Ave., labeled as building 1.

83. MSO, University of Memphis Partnership Will Open New Doors -

A new partnership between the Memphis Symphony Orchestra and the University of Memphis may become a model for sustainability of fine arts organizations in a new economic landscape.

Earlier this month, the symphony and U of M announced a three-year, renewable partnership to bring the MSO into residence at the university. The partnership will reduce the annual operating budget for the financially strapped MSO by 40 percent and offer synergy for the two entities to build further revenue around programming and music education innovations.

84. Snapshot: How Memphis-Based Public Companies are Faring -

Acquisitions have been a common theme among many Memphis-based public companies the past few quarters. Here is a roundup of those transactions and other business highlights from each of the companies.

85. Available Class-A Office Space Scarce in Memphis -

ServiceMaster is looking to relocate its headquarters into a Class A office building, and Memphis just doesn’t have room.

“For the past two years, we’ve been using those phrases,” said Ron Kastner, senior vice president with CBRE.

86. Analysis: Competition Intensifying, But FedEx Still Protected for Now -

The package shipment startup where Matthew Hertz works as director of operations is perfectly tailored to the digital age.

California-based Shyp was set up to capitalize on the legacy cost structures and operations of traditional logistics companies. Its users snap a photo of the item they want to ship and enter an address, at which point Shyp shows up at their door and takes care of the rest.

87. Gawker May Be Looking to Sell After Losing Hulk Hogan Case -

NEW YORK (AP) – The embattled online media company Gawker Media has hired an investment banker to explore its options, including a possible sale.

Two months ago, Gawker lost a $140 million invasion-of-privacy suit against Hulk Hogan over a sex tape of the wrestler that the site posted online. It emerged this week that Silicon Valley billionaire Peter Thiel wasbehind the suit . He told The New York Times that he has bankrolled lawyers to mount cases against Gawker because one of the company's blogs, the now-defunct Valleywag, posted a story in 2007 that said he was gay. The company also wrote other articles that he said he considered critical of his friends and others.

88. Dollar General Q1 Profit Beats as Customers Spend More -

GOODLETTSVILLE, Tenn. (AP) – Discount retailer Dollar General on Thursday posted better-than-expected first-quarter profit as more customers spent more.

Sales at stores open at least a year, considered an important measure of a retailer's health, rose 2.2 percent in the fiscal first quarter from the same period the year before. More customers came to stores and the average amount they spent rose too.

89. CEO Pay Climbs Again, Even As Their Stock Prices Don't -

NEW YORK (AP) – CEOs at the biggest companies got a 4.5 percent pay raise last year. That's almost double the typical American worker's, and a lot more than investors earned from owning their stocks – a big fat zero.

90. Female CEOs See Pay Rise, But Numbers Remain Small -

For the second year in a row, female CEOs earned more than their male counterparts and received bigger raises. But only a small sliver of the largest companies are run by women, and experts say gender parity at the top remains way off.

91. Tribune Rejects Second Gannett Bid; Sets the Stage for Talks -

NEW YORK (AP) – Tribune Publishing rejected a second takeover bid from USA Today owner Gannett, but did say Monday that it was open to further talks.

Gannett last week raised its per-share bid for the owner of the Los Angeles Times, Chicago Tribune and other newspapers to $15, from $12.25. Gannett, based in McLean, Virginia, put the total value of the revised offer at about $864 million, which includes some $385 million in debt.

92. Appeals Court Reverses Fraud Finding Against Bank of America -

NEW YORK (AP) – Bank of America Corp. was not liable for fraud and subject to a penalty of over $1.2 billion for its actions before the economy collapsed in 2008 despite a jury's finding to the contrary, a federal appeals court ruled Monday.

93. Global Ministries Continues to Take More Heat -

The receiver for the Warren and Tulane Apartments is in place with the notice filed in Memphis federal court last week that Foresite Realty Management LLC had accepted the job and that its bonding is in place.

94. Small Neighborhood Improvements Can Add Up Big -

Memphians have raised half a million dollars and counting for neighborhood improvements through a Livable Memphis and ioby strategic partnership.

“A lot of times you’re waiting for that check, that one big investment,” said John Paul Shaffer, program director for Livable Memphis. “And that can create a stasis in a neighborhood.”

95. Haslam Signs Bill to End Tax on Earnings From Investments -

NASHVILLE, Tenn. (AP) – Republican Gov. Bill Haslam has signed a bill into law that will phase out the state's Hall tax on earnings from stocks and bonds.

The law reduces the tax by 1 percentage point in the first year and then requires future reductions to eliminate the tax altogether by 2022.

96. Haslam Allows Tennessee Refugees Lawsuit to Move Forward -

NASHVILLE, Tenn. (AP) – Republican Gov. Bill Haslam has decided not to veto a resolution demanding a lawsuit be filed over the federal refugee resettlement program in Tennessee.

The governor announced Friday that despite his concerns about the measure, he was allowing it to go forward without his signature.

97. Hertz, Duncan-Williams Promote Red Nose Day -

Employees in the Forum office complex in East Memphis are sporting red noses for a good cause.

The Hertz Investment Group and Duncan-Williams Inc. launched an initiative spanning the East Memphis campus, encouraging workers to participate in Red Nose Day, a nationwide fundraiser on Thursday, May 26, to help disadvantaged children at home and abroad.

98. Global Ministries’ Bonds Downgraded for 2nd Time -

For the second time this year, S&P Global Ratings has downgraded bonds used to support Global Ministries Foundation’s apartment projects.

On May 3, S&P Global Ratings, formerly known as Standard & Poor’s Ratings Services, lowered its investment rating on 23 multifamily bonds issued on behalf of GMF. S&P removed all 23 ratings from CreditWatch, where the bonds had been placed in February, with negative implications.

99. West Cancer Doc Building Blood and Marrow Transplant Program -

As a measure of how far Dr. Yasser Khaled’s field has come, the medical director of the West Cancer Center’s recently formed Blood and Marrow Transplant Program still recalls some eye-opening statistics that date back to his early days in the field some 15 years ago.

100. Medical Device Startup Founders Flock To Memphis for ZeroTo510 Cohort -

It was during a hospital stay for severe abdominal pain while Srinath Vaddepally was studying for his master’s degree that he got an idea for the product and company that would eventually bring him to Memphis.