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Editorial Results (free)

1. Local Legislators Continue Efforts to Reform EDGE -

The push to reform the way the Economic Development Growth Engine for Memphis and Shelby County operates continued Friday, April 20 at a joint subcommittee meeting held by the Shelby County Commission and Memphis City Council.

2. 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.

3. Richards Focused on Customers and Employees -

Chris Richards knows the value of a chance encounter.

As a 20-year-old sophomore at the University of Iowa, Richards traveled with her college roommate to Memphis, intending to stay for the summer and explore a new city.

4. 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.

5. 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.

6. 3 US Banks Post Higher Profits With Huge Assist From Tax Law -

NEW YORK (AP) – Three of America's biggest banks reported higher profits Friday, with a huge assist from the tax law passed late last year.

JPMorgan reported a record quarterly profit, while Citigroup and Wells Fargo topped analyst expectations.

7. Tennessee Bill Passes to Take Coal Regulation Away From Feds -

NASHVILLE, Tenn. (AP) – A bill that would take coal mining regulation away from the federal government and put it back in the hands of the state of Tennessee is now headed to the governor, but it faces concerns from environmentalists and state officials.

8. Local Experts: Health Care So Far Immune to Simplification and Lower Costs -

That Walmart may be close to acquiring the health insurer Humana is one signal that we’re in not just a period of change for the health care industry, but a fundamental reshaping of the landscape and a shifting of the players involved.

9. Wunderlich Downtown HQ Opens Next Week -

This time next week, Memphis-based investment firm Wunderlich Securities Inc. will start to be settled into the company’s new Downtown Memphis headquarters, in One Commerce Square, suite 1800.

10. First Tennessee to Put $4B In Community Investment -

Memphis-based First Tennessee Bank, along with its newly acquired Capital Bank, are launching a five-year, nearly $4 billion effort to expand the availability of financial resources in low- to moderate-income communities across an eight-state footprint.

11. 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.

12. Last Word: Play Ball, Porch & Parlor and A New Bus System -

If you go to enough political gatherings you start to see parallels. Sometimes you see things that aren’t there but that’s another story. Many political gatherings begin with the pledge of allegiance and a prayer as well. Sometimes the pledge isn’t enough and there is someone there to sing the National Anthem.

13. Drug Distributor to Donate 80,000 Doses of Overdose Antidote -

COLUMBUS, Ohio (AP) – An Ohio-based drug distributor facing lawsuits linked to the opioid crisis is donating more than 80,000 doses of an overdose antidote for use by emergency responders in several states, including Tennessee.

14. Wunderlich Downtown HQ Opens Next Week -

This time next week, Memphis-based investment firm Wunderlich Securities Inc. will start to be settled into the company’s new Downtown Memphis headquarters, in One Commerce Square, suite 1800.

15. First Tennessee Bank Launching $4 Billion Community Investment Effort -

Memphis-based First Tennessee Bank, along with its newly acquired Capital Bank, are launching a five-year, nearly $4 billion effort to expand the availability of financial resources in low- to moderate-income communities across an 8-state footprint.

16. Wunderlich Downtown HQ Opens Next Week -

This time next week, Memphis-based investment firm Wunderlich Securities Inc. will start to be settled into the company’s new Downtown Memphis headquarters, in suite 1800 at One Commerce Square.

17. 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.

18. Perry Leading Fire Museum Forward as Executive Director -

Shannon Perry became executive director of the Fire Museum of Memphis earlier this year, a role that brings her back to the institution she helped launch in the 1990s, when she served as its first curator. As executive director, Perry is the Fire Museum’s only full-time employee, and she handles a range of functions – including its collection, exhibits and facilities, budgets, fundraising, public relations, special events, staff and volunteers – while also working directly with the museum’s board.

19. Former FHN Communications Chief Launches New Venture -

Back in the summer, Memphis-based First Tennessee Bank was listed as the fifth most reputable bank in the nation in a report from the industry-focused news publication “American Banker.”

20. New Apartments Coming to Broad, Clark Tower Inks Another Tenant -

A multifamily project planned for Broad Avenue could provide the housing element that takes the arts district to the next level.


2542 Broad Ave.
Memphis, TN 38112

21. Nashville-based Trust Company Opening Memphis Office -

Pendleton Square Trust Co., a Nashville-based independent trust and family office company, has hired an executive away from First Tennessee Bank to help launch and open an office in Memphis in the coming months.

22. Florida Investors Buy Apartments for $13M -

New York City-based RCP General Inc., doing business as RCP Meadows LLC, has sold The Meadows of Memphis, an apartment complex near the Memphis-Bartlett border, to a Colorado investment company.

23. 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.

24. Boyle Investment Co. Celebrating 85th Year -

Boyle Investment Co. celebrated its 85th anniversary with a luncheon on Friday, March 23, for its 113 employees on the top floor of its new Class A office building at 949 S. Shady Grove Road.

25. EPE Expansion in Limbo, Overton Square Restaurant Sets Opening Date -

3734 Elvis Presley Blvd.
Memphis, TN 38116

Project Cost: $22 million

Owner: Elvis Presley Enterprises

Details: Elvis Presley Enterprises’ expansion plans have been put on hold for the second straight month as the Economic Development Growth Engine for Memphis and Shelby County board continues to sort out if any implications will stem from approving bond financing for the Whitehaven project.

26. What Do Statewide Candidates Say About Infrastructure Investment? -

Is investment in public infrastructure important? And should Tennessee have more dedicated revenue sources to pay for construction and maintenance of infrastructure across the state, or is the existing tax structure – primarily the state tax on fuel, and wheel taxes – sufficient to pay for what Tennessee needs to sustain and grow its economy?

27. Mueller Examining Cambridge Analytica, Trump Campaign Ties -

WASHINGTON (AP) – Special counsel Robert Mueller is scrutinizing the connections between President Donald Trump's campaign and the data mining firm Cambridge Analytica, which has come under fierce criticism over reports that it swiped the data of more than 50 million Facebook users to sway elections.

28. EPE Expansion Plans Placed on Hold Again -

Elvis Presley Enterprises’ expansion plans have been put on hold for the second straight month as the Economic Development Growth Engine for Memphis and Shelby County board continues to sort out what, if any, implications will stem from approving bond financing for the Whitehaven project.

29. Onyx, Barrett Distribution Seek Tax Breaks -

A medical device manufacturer and a third-party distribution center operator will be seeking tax abatements from the Economic Development Growth Engine for Memphis and Shelby County to expand their respective footprints in the area.

30. Medical Device Maker, Distribution Company Seeking Tax Abatements -

A medical device manufacturer and a third-party distribution center operator will be seeking tax abatements from the Economic Development Growth Engine for Memphis and Shelby County to expand their respective footprints in the area.

31. Riviana, Ebrofrost Plan South Memphis Expansion -

Riviana Foods’ South Memphis rice facility is growing again. The Houston, Texas-based company has filed a $3.1 million building permit application for site work at the 2360 Prospect St. plant it shares with Ebrofrost North America, the U.S. arm of German rice and pasta manufacturer Ebrofrost Holding GmbH.

32. Riviana, Ebrofrost Continue Work On $26M Frozen Food Facility -

2360 Prospect St.

Memphis, TN 38106

Permit Amount: $3.1 million

Project Cost: $26.5 million

Application Date: March 2018

Owner: Riviana Foods

33. Dollar General Reports Strong Same-Store Sales, Bold Outlook -

GOODLETTSVILLE, Tenn. (AP) – Dollar General's light revenue during the fiscal fourth quarter was outshined by booming sales at established stores and a very strong outlook.

The 3.3 percent jump in same-store sales reported on Thursday easily surpassed expectations for 2.5 percent, according to FactSet.

34. FedEx Investing $1 Billion in Memphis Hub Modernization -

Memphis-based FedEx Corp. will spend $1 billion on a modernization of its Memphis hub over a six-year period, company founder, chairman and CEO Fred Smith announced Wednesday, March 14.

35. Riviana, Ebrofrost Plan South Memphis Expansion -

Riviana Foods’ South Memphis rice facility is growing again. The Houston, Texas-based company has filed a $3.1 million building permit application for site work at the 2360 Prospect St. plant it shares with Ebrofrost North America, the U.S. arm of German rice and pasta manufacturer Ebrofrost Holding GmbH.

36. For the Tech Industry, a Red Flag on Megadeals? -

NEW YORK (AP) – The decision by President Donald Trump to scuttle a hostile takeover by Singapore's Broadcom of the U.S. chipmaker Qualcomm could signal a shift toward stronger sector oversight.

37. Grizzlies, Predators Partner On Ticket Packages -

Nashville Predators fans in the Memphis area have the opportunity to see the team live Saturday, March 10, through a road trip package offered by the Predators and the Memphis Grizzlies. A week later, Grizzlies fans from Nashville can pick up a road trip package to watch the Grizz take on the Denver Nuggets in Memphis.

38. Digest -

Memphis Grizzlies Suffer 15th Consecutive Loss

The Grizzlies lost their 15th straight game, 119-110 at Chicago, on Wednesday, March 7.

The team has not won since defeating the Phoenix Suns at FedExForum on Jan. 29.

39. Kroger Q4 Profit Surges on Tax Reform, Outlook Disappoints -

NEW YORK (AP) – Kroger Co. reported a surge in fourth-quarter profit Thursday, but the lackluster results and outlook sunk shares.

40. No Luck Investing -

Ray’s Take: A rabbit’s foot on a string. A silver dollar. A four-leaf clover. A lucky penny. These are all lyrics from a 1961 song by our very own Memphis legend, Elvis Presley, titled “Good Luck Charm.”

41. Target's Remake is Accelerating, at a Cost -

NEW YORK (AP) – Target is increasing the minimum hourly pay to $12 starting this spring, the second increase in a matter of months, while accelerating its reinvention plan to make the discounter more competitive in the age of Amazon.

42. Last Word: Forrest and Slavery, The Tariff Blitz and Angus McEachran -

The report on poverty in Memphis over the last 50 years is on its way to a Greater Memphis Chamber breakfast meeting Thursday. And Terri Lee Freeman, the president of the National Civil Rights Museum and Elena Delavega, the University of Memphis lead researcher of the report, say their message is that as goes Memphis in this regard so goes the nation. And if employers start with lower pay at hiring with percentage raises across the board they feed the racial income gap and bonuses do as well.

43. Electrolux Halts Tennessee Project After Tariff Announcement -

NASHVILLE, Tenn. (AP) – Electrolux says its plans for a $250 million plant expansion in Tennessee are on hold, and the Swedish appliance maker is pointing to President Donald Trump's tariff action as the reason.

44. The Bigger the Back End, The Stronger the Backlash -

Be careful. When innovation gets real, people react in unpredictable ways.

People whom you thought were forward thinking recoil in reactionary conservatism. Others are willing to move a step forward, but vigilantly cautious. The more concrete you get in detail, the stronger the reaction you receive internally.

45. Home Sweet Home -

Almost every facet of the Shelby County housing market showed improvement or promise in 2017, and the stellar year saw a new record high for average home sales price and a historic low number foreclosures.

46. Lake District, Raleigh Springs Town Center Moving Forward with Transformative Projects -

3536 Canada Road
Lakeland, TN 38002

Tenant: The Stock Market

Landlord: Gilad Development

47. Jernigan Capital CEO Çalls 2017 ‘Outstanding Year’ -

Memphis-based Jernigan Capital Inc., a capital partner for self-storage entrepreneurs, has closed the books on what chairman and CEO Dean Jernigan described as “an outstanding year for the company.”

48. Harley-Davison Invests in Electric Vehicle Company -

MILWAUKEE (AP) – Harley-Davidson says it will collaborate with Alta Motors on the motorcycle maker's plans for an electric bike.

The Milwaukee company said Thursday that it has made an equity investment in Alta Motors, an innovator in lightweight electric vehicles. Harley-Davidson wasn't specific on the investment.

49. Kohl's Teaming Up With German Grocer Aldi -

NEW YORK (AP) – Kohl's shoppers will be able to pick up some groceries while shopping for clothing at select stores.

The department store chain said Thursday it is teaming up with German no-frills grocery chain Aldi to lease space in five to 10 of its stores. The move comes as Kohl's looks to scale back its footprint while making its stores more productive.

50. Automotive Supplier Expansion to Add 320 Jobs in Tennessee -

ATHENS, Tenn. (AP) – An automotive supplier will invest $190 million to expand operations at a Tennessee plant, a move that will allow the company to add 320 jobs.

News outlets report DENSO International announced the forthcoming investment in the Athens plant on Wednesday. The new jobs and production lines will boost the production of fuel pumps and gasoline injectors.

51. Jernigan Capital CEO Çalls 2017 ‘Outstanding Year’ -

Memphis-based Jernigan Capital Inc., a capital partner for self-storage entrepreneurs, has closed the books on what chairman and CEO Dean Jernigan described as “an outstanding year for the company.”

52. AutoZone Selling Two Business Segments -

Memphis-based AutoZone Inc. is selling two of its business segments: Interamerican Motor Corp., a distributor of replacement parts for imported vehicles, and AutoAnything, an online-only retailer that specializes in accessories, performance and replacement parts.

53. 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.

54. AutoZone Selling 2 Businesses; Earnings Miss Street Forecasts -

Memphis-based AutoZone Inc. is selling two of its business segments: Interamerican Motor Corp., a distributor of replacement parts for imported vehicles, and AutoAnything, an online-only retailer that specializes in accessories, performance and replacement parts.

55. 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.

56. First Horizon Announces Employee Raises -

A little more than a month after the parent company of First Tennessee Bank distributed one-time $1,000 bonuses to employees, the company is rolling out another employee perk.

57. EdR Reports Higher Income For Q4, Full Year 2017 -

EdR, a Memphis-based real estate investment trust focused on owning and developing collegiate housing, wrapped up 2017 on a positive note, posting higher earnings for both the fourth quarter and full year.

58. Last Word: Corker & Blackburn, More Frost and Dale Watson's Move to The Haven -

It's possible around City Hall these days to get your RFQs mixed up with your RFPs. And there is a difference in requests for qualifications and requests for proposals. Usually RFQs come before RFPs – but there are exceptions – loopholes. The latest RFQ out of City Hall – album title or t-shirt slogan? – is for the adaptive reuse of the Memphis Brooks Museum of Art.

59. High Point Climbing Takes Foothold in East Memphis -

By the end of the year, a parking lot just off Walnut Grove Road and North Humphreys Boulevard will be replaced with an outdoor climbing wall – one of the signature design elements of High Point Climbing and Fitness, which just began construction of its first ground-up facility in Memphis.

60. CRE Owners Look To Reap Rewards Of New Tax Cuts -

The start of the year enjoyed a flurry of commercial real estate sales and building permits, on the heels of federal tax cuts passed late last year that are expected to benefit CRE owners and possibly impact the number of new projects and sales announced this year.

61. Not Your Father’s Office Building -

2017 was a big year for Clark Tower, with more than $9 million in physical improvements. But perhaps one of the biggest changes to the 34-story East Memphis office tower, located at 5100 Poplar Ave., is a change in perception.

62. Mississippi Gives Tax Break to Hotel Tied to Trump Company -

JACKSON, Miss. (AP) – Mississippi has granted a tax break worth just over $6 million to a hotel developer affiliated with the Trump Organization.

Mississippi Development Authority spokesman Jeff Rent confirmed Thursday that the agency's board approved the tourism tax rebate Wednesday for a hotel in Cleveland, Mississippi. The state offers developers a rebate of up to 30 percent of their investment.

63. EdR Reports Higher Income for Q4, Full Year 2017 -

EdR, a Memphis-based real estate investment trust focused on owning and developing collegiate housing, wrapped up 2017 on a positive note, posting higher earnings for both the fourth quarter and full year.

64. Investors are Winners as Companies Lay Out Tax-Saving Plans -

NEW YORK (AP) – It's just what the GOP said we'd hear from a CEO after being handed a big tax break.

But when Charles Scharf announced plans last month to spend his company's tax savings on higher wages and technology, investors began selling.

65. 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.

66. Walmart's Bruising Battle With Amazon Saps Its Q4 Results -

NEW YORK (AP) – Walmart is getting bruised in its battle with online leader Amazon.

The world's largest retailer on Tuesday reported a smaller-than-expected fourth-quarter profit as it wrestled with slower e-commerce sales during the busiest time of the year. The results underscore the company's challenges in a fiercely competitive retail landscape.

67. First Horizon National Corp. Announces Employee Raises -

A little more than a month after the parent company of First Tennessee Bank distributed one-time $1,000 bonuses to employees, the company is rolling out another employee perk.

68. First Horizon National Corp. Announces Employee Raises -

A little more than a month after the parent company of First Tennessee Bank distributed one-time $1,000 bonuses to employees, the company is rolling out another employee perk.

69. At Home Sells Winchester Property for $10 Million -

A Phoenix, Arizona-based real estate investment trust has paid $10 million for the big-box space in Southeast Memphis’ Centennial Place shopping center leased to home furnishings retailer At Home.

70. 100 N. Main Owners Buy Additional Property -

80, 86, 88 N. Main St., Memphis, TN 38103: Less than a month after the 100 North Main Building was effectively reclaimed by the lender at a foreclosure auction, New York-based real estate firm Townhouse Management Co. affiliate THM Memphis Acquisitions LLC has purchased adjacent parcels.

71. After Company-Wide Bonuses, First Tennessee Parent Co. Announces Raises -

A little more than a month after the parent company of First Tennessee Bank distributed one-time $1,000 bonuses to employees, the company is rolling out another employee perk.

Memphis-based First Horizon National Corp. is bumping up the minimum pay level of employees to $15 an hour, part of the company’s continued re-investment of savings stemming from the recent federal tax legislation.

72. Corky’s BBQ Expanding, Headed To Texas -

Corky’s BBQ is expanding its brand of pulled pork to the Lone Star State.

The company has secured an expansion and franchise agreement for multiple locations in the Houston and Dallas metro areas.

73. Beleaguered Gun Maker Remington Points to Bankruptcy Court -

MADISON, N.C. (AP) – Remington, the gun maker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, has reached a financing deal that would allow it to continue operating as it seeks Chapter 11 bankruptcy protection.

74. At Home Sells Winchester Property for $10 Million -

A Phoenix, Arizona-based real estate investment trust has paid $10 million for the big-box space in Southeast Memphis’ Centennial Place shopping center leased to home furnishings retailer At Home.

75. 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.

76. Shipping Shakeup? Amazon May Deliver Its Own Packages -

Amazon has already shown that it can rattle the retail, grocery and health insurance industries, and now it is doing the same in the delivery business.

The online retailer is reportedly planning a new service to pick up packages from businesses and deliver them to consumers.

77. CVS Health Eyes Data, Wage Boosts With $1.5B Tax Benefit -

CVS Health's fourth-quarter earnings nearly doubled, fueled by a $1.5 billion tax benefit that will help the drugstore chain expand its growing role in customer care.

The company said Thursday that it will use the break it gets from the recently completed federal tax overhaul to raise starting pay for its hourly workers and pare debt ahead of its planned, $69 billion acquisition of the insurer Aetna.

78. Dunkin' Donuts Aims to Boost Afternoon Sales -

CANTON, Mass. (AP) – Will Americans run to Dunkin' later in the day? The coffee and doughnut chain hopes so.

Dunkin' Donuts said Tuesday that is working to increase sales after the morning rush, a strategy that coffee chain Starbucks recently said it was also pursuing.

79. Fred’s Pays $100K Hiring Bonus to Second CFO in Seven Months -

Scroll through the headlines on any financial news-related service – or just look at a stock performance chart – and the news out of Memphis-based retailer Fred’s Inc. has been, in a word, grim.

80. Big Pay Gains for US Workers Contribute to Wall St. Sell-Off -

WASHINGTON (AP) – Pay raises, the U.S. economy's Achilles' heel in its long recovery from the Great Recession, finally showed signs of accelerating last month – a trend that fanned inflation fears and sent bond yields rising and stocks sinking.

81. Digest -

Memphis Toys R Us

To Remain Open

A representative with Toys R Us has confirmed to The Daily News that the retailer’s Memphis location, at 7676 Polo Ground Blvd., won’t close after all.

82. UPS Posts $1.1 Billion Profit for Q4 on High Online Shopping -

DALLAS (AP) – UPS was caught off-guard by the crush of online shopping leading up to Christmas and plans to spend a chunk of its tax-cut savings to invest in its package-delivery network.

83. 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.

84. Target Fulfillment Center Closing, Vendor Laying Off 486 Memphis Workers -

A Target fulfillment center in southeast Memphis is closing in April, resulting in 486 layoffs.

Radial, a third-party logistics firm that manages the distribution center for Target Corp., has filed notice with the Tennessee Department of Labor and Workforce Development that the permanent layoffs at its 5461 Davidson Road facility will start April 7 and continue through April 30.

85. Pfizer, Riding Tax Changes, Puts Up Huge Q4 Profit -

Pfizer's fourth-quarter profit soared to $12.27 billion thanks to a huge tax benefit related to the U.S. tax system overhaul.

The biggest U.S. drugmaker on Tuesday reported an $11.34 billion benefit, mainly from recalculating deferred tax liabilities. Pfizer also said it will take a charge of approximately $15 billion, payable to the Treasury over eight years, to cover taxes on up to $24.2 billion in cash and investments held overseas that it plans to bring back to the U.S.

86. Amazon, Buffett And JPMorgan Join Forces on Health Care -

Three of corporate America's heaviest hitters – Amazon, Warren Buffett and JPMorgan Chase – sent a shudder through the health industry Tuesday when they announced plans to jointly create a company to provide their employees with high-quality, affordable care.

87. Target Fulfillment Center Closing, Vendor Laying Off 486 Memphis Workers -

A Target fulfillment center in southeast Memphis is closing in April, resulting in 486 layoffs.

Radial, a third-party logistics firm that manages the distribution center for Target Corp., has filed notice with the Tennessee Department of Labor and Workforce Development that the permanent layoffs at its 5461 Davidson Road facility will start April 7 and continue through April 30. 

88. Tyson Foods Invests in Firm Trying to Make Meat From Cells -

SPRINGDALE, Ark. (AP) – Tyson Foods Inc. has invested in a food-tech startup that's developing methods to produce meat directly from animal cells.

89. Jernigan Capital Launches Preferred Stock Offering -

Memphis-based Jernigan Capital Inc. has launched a public offering of Series B preferred stock.

The company – which provides debt and equity capital to private developers, owners and operators of self-storage facilities – said it expects to grant the underwriters a 30-day option to purchase additional shares of Series B preferred stock.

90. Sports Executives Enjoying ‘Glory Years’ of Memphis Sports -

With sports clicking on all cylinders in Memphis and a new professional team on the horizon, these days could really be seen as the glory years of Memphis sports.

That was the observation of Jason Wexler, president of business operations for the Memphis Grizzlies, who was one of four panelist Thursday, Jan. 25, at Newmakers: Memphis Sports, part of The Daily News’ Seminar Series.

91. TVA CEO Talks Water, Economic Development, Solar and Fixed Costs -

During his visit to Memphis last week, Tennessee Valley Authority CEO Bill Johnson left the door open to a change in TVA’s plans to use its own water wells when the new TVA natural gas-fired plant in southwest Memphis goes online later this year.

92. Trucking Taxation on Rise, But Driver Shortage Remains Largest Challenge -

Trucking companies pay one of the highest tax rates of any business sector. According to a study published by New York University, only the 27.28 percent average tax rate in the homebuilding sector was higher, with trucking second at 26.74 percent.

93. Rolling on the River -

Despite being the fifth-largest inland port in the United States, the Port of Memphis often gets outshined by its counterparts like Memphis International Airport and BNSF Railway’s intermodal facilities. 

94. MEGA HYPE -

In physics the larger an atom is, the more polarizing it can become. The same can be said of real estate development. So it’s not surprising that something referred to as a megasite can incite a range of opinions that are as vast as the site itself.

95. Southwest Gets Boost From Tax Law; Beats Street Q4 Forecasts -

DALLAS (AP) – Southwest Airlines said Thursday that fourth-quarter profit jumped to $1.89 billion as the recent tax law reduced the company's deferred tax liability and should boost 2018 earnings too.

96. Trump Hits Solar Panels, Washing Machines With Tariffs -

WASHINGTON (AP) – President Donald Trump is signing a measure Tuesday imposing tariffs on imported solar-energy components and large washing machines in a bid to help U.S. manufacturers.

97. As US Birthrates Drop, Kimberly-Clark Feels the Pinch -

DALLAS (AP) – Americans are having fewer babies, and diaper makers are feeling the pinch.

Kimberly-Clark said Tuesday it will cut as many as 5,500 jobs, or 13 percent of its workforce, in an attempt to lower costs.

98. Disney Offering Staff $1,000 Bonuses, New Education Funding -

NEW YORK (AP) – The Walt Disney Co. will give more than 125,000 eligible employees a one-time $1,000 cash bonus and invest $50 million in an education funding program.

99. Top 10 2018 Marketing Trends, Part 2 -

Editor’s Note: This is the second in a two-part series. As a small or mid-sized company CEO, time is likely not a luxury with which you’re familiar. Staying abreast of evolving marketing technology can seem impossible in light of all of your competing priorities. That’s why this year’s top 10 marketing trends for the new year are tailor-made for companies of your size – strategies which can be practically applied in 2018 on a small to mid-sized company budget.

100. Humane Society Names Davis 2018 Board President -

Ted Davis has been named 2018 president of the board of directors for the Humane Society of Memphis and Shelby County. Davis, who is a wealth adviser for Regions Bank, joined the humane society board in December 2015. His first priority was a campaign inspiring adopters to become donors, which led him to being the Paw Prints Gala committee chair in 2017.