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Editorial Results (free)

1. FCC Chief Lays Out Attack on 'Net Neutrality' Rules -

NEW YORK (AP) – Internet companies are readying for a showdown with a Republican-controlled government over a policy near and dear to their hearts: net neutrality.

Federal Communications Commission Chairman Ajit Pai said in a Wednesday speech that he wants to ditch the Obama-era rules, hated by telecoms, that prevent broadband and wireless companies from interfering with the sites and apps that consumers use. He wants to undo their legal basis and to eliminate the FCC's broad powers to monitor Verizon, AT&T and Comcast for bad behavior.

2. Germantown Village Square Sells for $29.3 Million -

7670 Poplar Ave.
Germantown, TN 38138

Sale Amount: $29.3 million

Sale Date: April 24, 2017 

Buyer: PEBB Enterprises

3. Last Word: Popovich's Tip, Strickland's Budget and Haslam's Jump Start on Roads -

Game 5 goes to the Spurs in San Antonio 116-103 over the Grizz who are back here Thursday. Spurs coach Gregg Popovich is not effusive in his comments to the media, which is fun to watch, but it does make tracking down and veryifying this next story a bit difficult. A credit card receipt showed up on Redditt that appears to show Popovich left a $5,000 tip on an $815.73 bill at McEwen’s Friday night between the two Memphis-based playoff games.

4. McDonald's US Sales Climb, Customer Traffic Still a Focus -

NEW YORK (AP) – McDonald's says new Big Mac sizes helped boost a key sales figure in the U.S., but that it is still working on trying to attract more customers to its stores.

The world's biggest burger chain said Tuesday that global sales rose 4 percent at established locations in the first three months of the year. That included a 1.7 percent increase in its flagship U.S. market, where the fast-food chain has suffered four straight years of declining customer visits.

5. Cost Cuts at Coca-Cola Go Deeper, Including Jobs -

ATLANTA (AP) – Coca-Cola's sales declined in the first quarter as it restructured its business, and the world's biggest beverage maker said it will cut 1,200 jobs starting later this year as it deepens its cost-cutting.

6. Sediver Opens $15M Manufacturing Facility in West Memphis -

Sediver USA has cut the ribbon on its $15 million facility in West Memphis, where the company will manufacture toughened glass insulators for high-voltage transmission lines.

Peter Baumgartner, chairman of Sediver USA and CEO of its Luxembourg-based parent company, the Seves Group, was joined by Arkansas Gov. Asa Hutchinson, Clean Line Energy Partners president Michael Skelly and Seves Group chairman Joakim Olsson at the Friday, April 21, event.

7. Third-Party Litigation Financing Grows Into Popular, High-Stakes Trend -

Two decades ago, commercial third-party litigation financing was as small and uncommon as to be “negligible,” in Charles Agee’s words. Maybe $100 million in such funding per year.

8. Amid Competition, Verizon Loses Key Customers for First Time -

NEW YORK (AP) – Verizon, the once-unstoppable cellphone leader in the U.S., lost key wireless customers for the first time, even as it brought back unlimited data plans to counter smaller rivals.

9. Target-Date Funds and Taxes -

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

10. EDGE Board Approves Two PILOTs, GMACW Merger -

The Economic Development Growth Engine for Memphis and Shelby County on Wednesday, April 19, granted tax abatements for a pair of companies with capital investment plans totaling $34 million and approved a resolution that allows the Greater Memphis Alliance for a Competitive Workforce to merge into EDGE.

11. Memphis Office Market Off to Good Start -

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

12. Nucor Steel, Rice Manufacturer Seek Memphis Incentives -

Two companies have filed applications with the Economic Development Growth Engine for Memphis and Shelby County for tax incentives that would allow them to expand operations in the Mid-South.

Nucor Steel Memphis and Ebrofrost North America are both seeking PILOTs (payment-in-lieu-of-taxes) that would result in a combined investment of $34 million and 31 net new jobs, according to their respective applications.

13. Chase Carlisle Leaving Role at Carlisle Corp. -

Chase Carlisle is leaving his role as director of real estate and development for Carlisle Corp., the Memphis-based firm behind the Hotel Chisca redevelopment and proposed One Beale project.

14. Initiatives Geared at Boosting Owner-Occupied Housing -

Nearly a third of all homes in Shelby County are owned by investors, a fact which has state and city leaders looking for ways to stem the tide and encourage locals to buy into their communities through owner-occupied homeownership.

15. Shops of Wolflake Near Wolfchase Sells for $4.8M -

2965 N. Germantown Parkway
Bartlett, TN 38133 

Sale Amount: $5 million

Sale Date: March 31

Buyer: WFL Retail LLC

16. Toyota Announces $1.33 Billion Investment in Kentucky Plant -

LOUISVILLE, Ky. (AP) – Toyota said Monday it is investing $1.33 billion to retool its sprawling factory in Georgetown, Kentucky, where the company's flagship Camry sedans are built.

No new factory jobs are being added, but Toyota says the upgrades amount to the biggest single investment ever at one of its existing plants in the United States. The retooling also will sustain the existing 8,200 jobs at Toyota's largest plant, where about one-fourth of all Toyota vehicles produced in North America are made, the automaker said.

17. Chase Carlisle Leaving One Beale Development Firm -

Chase Carlisle is leaving his role as director of real estate and development for Carlisle Corp., the Memphis-based firm behind the Hotel Chisca redevelopment and proposed One Beale project.

18. Shops of Wolflake Sells for $4.8 Million -

A Germantown Parkway shopping center near Wolfchase Galleria has switched hands for nearly $5 million, according to a warranty deed filed with the Shelby County Register of Deeds March 31.

Called the Shops of Wolflake, the Bartlett shopping center is located between St. Francis Hospital-Bartlett and the Wolfchase mall and is anchored by Eat Well Sushi and Grill.

19. “Gateway’ Puzzle Begins To Come Together -

Starting last summer, a new ownership group for the city’s largest hotel by room count was undertaking its due diligence largely out of the public eye.

There were some rumblings about the Sheraton Memphis Downtown changing hands three years after a renovation of the 600-room hotel attached to the Memphis Cook Convention Center.

20. Accelerator Programs Keep Memphis Starting Up -

The mantra is “never stop starting.” The constituency it applies to is entrepreneurs in Memphis and those who come here flush with ideas and creativity. And for Memphis’ startup community – from the sixth floor of Start Co.’s 88 Union Ave. hive of activity to the Memphis Bioworks Foundation and points in between – that exhortation to “never stop” is as much a rallying cry as it is a marker highlighting one of the more dynamic and fledgling sectors of the city’s economy.

21. City's Largest Hotel Changes Hands In Latest 'Gateway' Puzzle Piece -

The largest hotel in the city by room count is changing hands in what is a key part of the city’s effort to remake the Memphis Cook Convention Center as a part of a larger “Gateway project” in the general convention center area.

22. Growth Funds for Tax Efficiency -

Ray’s Take When it comes to real return, it’s not what you make, but what you keep after taxes and inflation that counts. 

Being mindful of taxes is more important than ever. Tax-efficiency in taxable portfolios is imperative, whether they’re pre-retirement accumulation accounts or retirement distribution portfolios. It’s incumbent upon investors to understand the tax implications for the various funds in their portfolios to plan the best strategy for their retirement.

23. Last Word: Lawsons Exit, LaRose Lessons and No Medicaid Expansion This Year -

The Lawson Brothers exit Tigers basketball seeking a release from the University of Memphis. The statement from Dedric and K.J. Lawson was all sweetness and light and apparently about as sincere as one of those interviews where players and coaches declare that if they will just play hard and put more points on the board than the other team then they should win.

24. Shops of Wolflake Near Wolfchase Sold for $4.8M -

A Germantown Parkway shopping center near Wolfchase Galleria has switched hands for nearly $5 million, according to a warranty deed filed with the Shelby County Register of Deeds March 31.

Called the Shops of Wolflake, the Bartlett shopping center is located between St. Francis Hospital-Bartlett and the Wolfchase mall and is anchored by Eat Well Sushi and Grill.

25. Malco Moving Forward With Downtown Theater -

45 E. G.E. Patterson Ave.
Memphis, TN 38103 

Permit Amount: $5 million

Project Cost: $55 million

Application Date: March 2017

26. Wiseacre Tables Plans to Build Brewery in Coliseum -

Wiseacre Brewing Co.'s plans to expand into the Mid-South Coliseum are off but could re-emerge somewhere down the road as the city administration renews discussions about a fuller renovation of the Mid-South Fairgrounds.

27. Last Word: Mike Rose, Bartlett High Options and Memphis-Nashville Talk -

Mike Rose transformed Memphis-made Holiday Inn from a single brand to multiple brands and a corporation that transformed the hospitality industry as casino gaming spread beyond Las Vegas and Atlantic City in the 1990s. During his time at the helm of Holiday Inns and Promus Companies, Rose was also one of the city's most influential corporate leaders with the money and ability to raise money and set terms that made possible the transformation of St. Jude into a research institution and pointed the University of Memphis in that direction as well. Rose died Sunday in Nashville of cancer.

28. DCA Founder Buys Historic Nabisco Building Downtown -

Doug Carpenter, founder and principal of the creative communications consulting firm DCA, has bought a historic Downtown building he will convert into his company’s new office.

Originally built as a National Biscuit Company (Nabisco) distribution center, the circa-1910 building sits on roughly half an acre at 11 W. Huling Ave. in the South Main Arts District.

29. DCA Founder Buys Historic Nabisco Building Downtown -

Doug Carpenter, founder and principal of the creative communications consulting firm DCA, has bought a historic Downtown building he will convert into his company’s new office.

Originally built as a National Biscuit Company (Nabisco) distribution center, the circa-1910 building sits on roughly half an acre at 11 W. Huling Ave. in the South Main Arts District.

30. EDGE's ICED Loan Program Gives Small-Business Owners a Hand Up -

Camy Archer had built a loyal following of customers at her eponymous Midtown restaurant over the course of two decades and business was good.

But when her landlord struck a deal with another tenant in 2015, she was suddenly scrambling to find a new home for her business before she ended up losing everything she worked so hard to create.

31. Lawmakers Blast Haslam Administration for Process Toward JLL Contract -

The Tennessee Department of General Services is set to award a statewide contract for facility management services to Jones Lang LaSalle, a company that already handles 10 percent of state office space and estimates a 15.9 percent savings if all higher education institutes participate.

32. Blends Donut Cafe Opens in Schilling Farms -

Blends Donut Café has opened as the new 1,200-square-foot corner retail tenant in Boyle Investment Company’s multifamily community, The Carrington at Schilling Farms in Collierville.

The new donut shop, which specializes in cake-style donuts decorated to replicate popular desserts and flavor combinations, is located at 914 Carrington Oak Lane, near the northeast corner of East Winchester and Schilling boulevards.

33. Is College Worth The Investment? -

I’ve met a number of people lately who have said something that’s surprised me. They’ve told me that they aren’t sure if college is really worth it. They believe it would be a waste of money to pay for something they might never use, especially if they change their mind on their career path later.

34. AutoZone Buys Back Another $750M in Stock -

AutoZone Inc. is buying back more of its own stock.

The company this week said its board has authorized the repurchase of an additional $750 million worth of the company’s common stock as part of its ongoing share repurchase program. Since 1998, and including the new amount, AutoZone’s board has authorized the repurchase of $18.7 billion worth of stock.

35. FedEx Corp. Falls Short Of Q3 Profit Forecasts -

Memphis-based FedEx Corp. enjoyed record shipping levels in its peak season for deliveries, but still fell short of third-quarter profit forecasts.

36. Genetic Code -

While the anachronistic farmer trope may be a common pop-culture perception, these stewards of the land have in fact been on the cutting edge of technology for thousands of years.

And every milestone since the Neolithic period, from the first plows to today’s automated tractors, has allowed farmers to increase their yields and support a perpetually growing population.

37. AutoZone Buys Back Another $750M in Stock -

AutoZone Inc. is buying back more of its own stock.

The company this week said its board has authorized the repurchase of an additional $750 million worth of the company’s common stock as part of its ongoing share repurchase program. Since 1998, and including the new amount, AutoZone’s board has authorized the repurchase of $18.7 billion worth of stock.

38. Binghampton Gateway Builds on Decade of Momentum -

While construction recently began on the large-scale Binghampton Gateway Center and more development is on the way, the revitalization process to bring businesses and jobs back to the distressed Binghampton area began more than a decade ago.

39. Trump's SEC Pick, an Ex-Goldman Lawyer, to Face Skepticism -

WASHINGTON (AP) – Goldman Sachs may be about to get another friend in Washington.

Jay Clayton, a well-connected Wall Street lawyer who is President Donald Trump's pick to lead the Securities and Exchange Commission, is sure to face sharp questions from Democrats at his confirmation hearing Thursday over his years of work for Goldman and other financial giants.

40. FedExFamilyHouse Breaks Ground on $12M Expansion -

918 Poplar Ave.
Memphis, TN 38105

Project Cost: $12 million 

Owners: Le Bonheur Children’s Hospital and FedEx

41. FedEx Falls Short of Q3 Profit Forecasts -

Memphis-based FedEx Corp. enjoyed record shipping levels in its peak season for deliveries, but still fell short of third-quarter profit forecasts.

In its Tuesday, March 21, earnings call, FedEx reported net income of $562 million, or $2.07 per share, for the fiscal quarter that ended Feb. 28. That was an increase from $507 million, or $1.84 per share, for the same period last year.

42. FedEx Corp. Falls Short of Q3 Profit Forecasts -

Memphis-based FedEx Corp. enjoyed record shipping levels in its peak season for deliveries, but still fell short of third-quarter profit forecasts.

In its Tuesday, March 21, earnings call, FedEx reported net income of $562 million, or $2.07 per share, for the fiscal quarter that ended Feb. 28. That was an increase from $507 million, or $1.84 per share, for the same period last year.

43. FedExFamilyHouse to Break Ground on $12M Expansion -

FedEx and Le Bonheur Children’s Hospital are preparing to break ground on the expansion of FedExFamilyHouse, a home-away-from-home for families of Le Bonheur patients.

The $12 million project, which was announced last year, will triple the size of FedExFamilyHouse with the addition of a four-story tower connected to the current facility.

44. Lehman-Roberts’ Moore Lauded By Asphalt Industry Group -

Rick Moore, who is retiring as chairman of Lehman-Roberts Co. March 31 after 46 years with the company, has been named the National Asphalt Pavement Association’s Man of the Year. 

45. Grizzlies Make Deal With Comcast Business -

The Memphis Grizzlies have signed an agreement with Comcast Business that will bring a three-gigabit fiber connection to FedExForum.

Comcast Business will furnish the infrastructure to support “a host of emerging technology applications that add to the experience of attending games and events at the arena, including complimentary Wi-Fi access,” according to the cable provider.

46. Grizzlies Make Deal With Comcast Business -

The Memphis Grizzlies have signed an agreement with Comcast Business that will bring a three-gigabit fiber connection to FedExForum.

Comcast Business will furnish the infrastructure to support “a host of emerging technology applications that add to the experience of attending games and events at the arena, including complimentary Wi-Fi access,” according to the cable provider, which also will supply internet and cloud-based communications services for the team’s front office.

47. Hickory Hill Home Depot Site Sells for $15 Million -

3469 Riverdale Road
Memphis, TN 38115 

Sale Amount: $15.7 million

Sale Date: March 3, 2017

Buyer: Spirit Realty Capital

48. Volkswagen CEO: US Remains 'Core Market' for Company -

FRANKFURT, Germany (AP) – The CEO of German automaker Volkswagen says the United States remains a "core market" for the company despite its diesel emissions scandal and has underlined that it hopes to expand there.

49. Atlanta Developer Files $200 Million Germantown Mixed-Use Plan -

Atlanta developers have filed an outline plan with Germantown leaders for a $200 million mixed-use town village development on the 32-acre “Arthur tract” west of the Saddle Creek South retail center.

50. Google's Self-Driving Car Company Escalates Battle With Uber -

SAN FRANCISCO (AP) – A self-driving car company founded by Google is presenting new evidence to support allegations that a former manager stole technology sold to Uber to help the ride-hailing service build its own robot-powered vehicles.

51. Cooperation, Payments to Owners Help VW Avoid Bigger Penalty -

DETROIT (AP) – By cooperating with federal investigators and quickly agreeing to compensate car owners, Volkswagen likely will avoid a massive criminal fine for cheating on diesel emissions tests and trying to cover it up.

52. Millington Pouring Funds Into Projects To Attract New Businesses, Residents -

Millington, the smallest city in Shelby County, has some unique advantages and is making a comeback with millions of dollars in grants to fund infrastructure projects and a collective commitment from city leaders to revive the community and attract new businesses.

53. Sedgwick Approved For $10.4 Million PILOT -

The Economic Development Growth Engine for Memphis and Shelby County approved Sedgwick Claims Management Services’ application for a $10.4 million tax abatement during a special session Friday, Feb. 24.

54. $12 Million Permit Filed For Hickman Building -

240 Madison Ave.
Memphis, TN 38103

Permit Amount: $12 million

Project Cost: $16 million

Application Date: February 2016

55. Investing Costs Fall Again: Fidelity, Schwab Cut Commissions -

NEW YORK (AP) – It keeps getting cheaper to invest.

Fidelity on Tuesday became the latest company to cut its fees in an ongoing industry battle that's helped mom-and-pop investors keep more of their own dollars. Rival Charles Schwab matched the price cut in a matter of hours.

56. $12 Million Permit Filed for Hickman Building -

Montgomery Martin Contractors has filed a $12 million building permit application with the city-county Office of Construction Code Enforcement to renovate the historic Hickman Building into a mixed-use development that will include the new headquarters of Memphis-based investment firm, SouthernSun Asset Management.

57. $12M Building Permit Pulled for Hickman Building -

Montgomery Martin Contractors has filed a $12 million building permit application with the city-county Office of Construction Code Enforcement to renovate the historic Hickman Building into a mixed-use development that will include the new headquarters of Memphis-based investment firm, SouthernSun Asset Management.

58. Sedgwick Approved For $10.4 Million PILOT -

The Economic Development Growth Engine for Memphis and Shelby County approved Sedgwick Claims Management Services’ application for a $10.4 million tax abatement during a special session Friday, Feb. 24.

59. SouthernSun Converting Historic Downtown Building to New HQ -

SouthernSun Asset Management is preparing to convert part of a historic but long-vacant Downtown building into its new headquarters.

The $16 million project seeks to turn the nine-story Hickman Building, 240 Madison Ave., into a mixed-use project that houses the Memphis-based investment firm's headquarters as well as 40 apartments, 5,000 square feet of street-level retail and a connected parking structure.

60. SouthernSun Converting Historic Downtown Building to New HQ -

SouthernSun Asset Management is preparing to convert a historic but long-vacant Downtown building into its new headquarters.

The Memphis-based investment management firm plans to invest around $16 million to turn the nine-story Hickman Building, 240 Madison Ave., into a mixed-use project that houses its headquarters as well as 40 apartments, 5,000 square feet of street-level retail and a connected parking structure.

61. SouthernSun Converting Historic Downtown Building to New HQ -

SouthernSun Asset Management is preparing to convert a historic but long-vacant Downtown building into its new headquarters.

The Memphis-based investment management firm plans to invest around $16 million to turn the nine-story Hickman Building, 240 Madison Ave., into a mixed-use project that houses its headquarters as well as 40 apartments, 5,000 square feet of street-level retail and a connected parking structure.

62. SouthernSun Converting Historic Downtown Building to New HQ -

SouthernSun Asset Management is preparing to convert a historic but long-vacant Downtown building into its new headquarters.

The Memphis-based investment management firm plans to invest around $16 million to turn the nine-story Hickman Building, 240 Madison Ave., into a mixed-use project that houses its headquarters as well as 40 apartments, 5,000 square feet of street-level retail and a connected parking structure.

63. SouthernSun Converting Historic Downtown Building to New HQ -

SouthernSun Asset Management is preparing to convert a historic but long-vacant Downtown building into its new headquarters.

The Memphis-based investment management firm plans to invest around $16 million to turn the nine-story Hickman Building, 240 Madison Ave., into a mixed-use project that houses its headquarters as well as 40 apartments, 5,000 square feet of street-level retail and a connected parking structure.

64. Cities, Developers Reaping Rewards of Mixed-Use Shift -

Commercial real estate is shifting to mixed-use developments designed to create a sense of place for homeowners longing for the community of days gone by, and the trend is profiting many parties as commercial developers see stronger returns and cities undergo revitalization in their core.

65. Sedgwick Approved for $10.4 Million PILOT -

The Economic Development Growth Engine for Memphis and Shelby County approved Sedgwick Claims Management Services’ application for a $10.4 million tax abatement during a special session Friday, Feb. 24.

66. Mnuchin Says Goal is to Pass Tax Reform by August -

WASHINGTON (AP) – Treasury Secretary Steven Mnuchin said Thursday the administration is committed to getting major tax reform legislation through Congress by August. He predicted that President Donald Trump's economic proposals will be able to boost growth significantly to annual rates above 3 percent.

67. Yahoo Salvages Verizon Deal With $350 Million Discount -

SAN FRANCISCO (AP) – Yahoo is taking a $350 million hit on its previously announced $4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts.

68. Scripps Networks Misses Q4 Profit Forecasts -

KNOXVILLE, Tenn. (AP) – Scripps Networks Interactive Inc. on Tuesday reported fourth-quarter net income of $52.1 million.

69. Education Realty Trust Reports Q4 Results -

MEMPHIS, Tenn. (AP) – Education Realty Trust Inc. on Tuesday reported a key measure of profitability in its fourth quarter. The results surpassed Wall Street expectations.

70. Attorney Harkavy Named To Wyatt’s Executive Committee -

Lee A. Harkavy is one of two attorneys from the Memphis office of Wyatt, Tarrant & Combs LLP to be named to the regional law firm’s executive committee. Harkavy is a commercial transactional attorney focused primarily on representing businesses in their external growth endeavors or exit strategies. In that capacity, he advises clients on mergers, acquisitions and dispositions, and capital-raising transactions.

71. Sedgwick Announces $34M Expansion, Will Create 150 New Jobs -

Sedgwick Claims Management has announced plans to expand its corporate headquarters in Memphis, which will result in the creation of 150 local jobs.

The expansion will consolidate Sedgwick’s headquarters into a single campus in Shelby County and locate research and development functions to that site, according to Ted Townsend, chief operating officer for the Tennessee Department of Economic and Community Development.

72. Kraft Still Hungry For Unilever After Rejected Offer -

NEW YORK (AP) – Kraft Heinz is attempting to buy Unilever in a $143 billion deal that would join the U.S. maker of cheeses and lunch meats with the European producer of mayo, teas and seasonings in a global powerhouse.

73. Haslam Names Rolfe as Commissioner of Economic Development -

NASHVILLE, Tenn. (AP) – Republican Gov. Bill Haslam has named Nashville businessman Bob Rolfe as the new commissioner of the Tennessee Department of Economic and Community Development.

74. Last Word: Wessman Trouble, Selling 495 Union and An Underground Film Icon -

When Wessman Development came to town last year with the idea of a boutique hotel, the Palm Springs, California company was part of the flood of smaller hotel projects Memphis was seeing and is still seeing. Then the company added another hotel and just this month the redevelopment of a building on Madison west of Second Street as apartments with retail on the ground floor. In a very short period of time, Wessman has had a lot of plans for Memphis.

75. Networking Helping Propel Women-Owned Businesses To New Heights -

When Memphis middle schoolers and sisters Madison Star and Mallory Iyana went on “Shark Tank” and secured $60,000 and partnerships with both Mark Cuban and Daymond John, they took their place among the ranks of female entrepreneurs who, in large numbers these days, are showing the business world that they are a force to be reckoned with.

76. Having It Their Way -

She was working for a major petroleum company and had just been transferred to Cody, Wyoming. She was relatively new to the industry and certainly to the boots-on-the-ground oil field where on Day One she got out of her SUV wearing a long skirt and flats.

77. NuVasive Receives 11-Year PILOT, Will Invest $116 Million -

Medical device company NuVasive Inc. has been approved for an 11-year tax incentive that will allow them to invest $116 million into their southeast Memphis facility and create 15 net new jobs.

78. Luxury Apartments Begin $17 Million Expansion -

3333 Hacks Cross Road, Memphis, TN 38125: Fieldstone Apartment Homes, a gated community in southeast Memphis, is in the process of another massive expansion.

Permit Amount: $9.7 million (combined)

79. Archived Article -

3333 Hacks Cross Road

Memphis, TN 38125

Permit Amount: $9.7 million (combined)

Project Cost: $17 million

80. Company Announces Pause for Drug After Price Criticism -

WASHINGTON (AP) – Marathon Pharmaceuticals announced Monday that it will temporarily halt the rollout of a drug to treat genetic muscle deterioration just hours after two members of Congress expressed outrage that the company planned to charge $89,000 a year for a drug that's widely available abroad for about $1,000 a year.

81. Midtown High-Rise Sells For $2.3 Million -

A Central Gardens high-rise apartment switched hands for a cool $2.3 million, according to commercial real estate investment sales, financing, research and advisory company Marcus & Millichap, which brokered the deal.

82. State Of The Suburbs -

With its central location, unparalleled access to major roads, rails, runways and rivers and low cost-of-living, it’s no surprise that Memphis and the surrounding area is a popular destination for corporate headquarters, national retail brands and major industrial centers.

83. Coca-Cola Seeks Formula for Future Growth -

ATLANTA (AP) – Coca-Cola's profit fell 55 percent in the most recent quarter as it restructures with hopes of driving future growth.

Yet the company said it expects its earnings to fall this year, and shares of Coca-Cola dropped more than 2 percent Thursday.

84. Midtown High-Rise Sells For $2.3 Million -

A Central Gardens high-rise apartment switched hands for a cool $2.3 million, according to Marcus & Millichap, the commercial real estate investment sales, financing, research and advisory company that brokered the deal.

85. DMC Explores Long-Term Planning for Beale -

The leader of the Downtown Memphis Commission wants to start working toward a long-term approach to day-to-day management of the Beale Street entertainment district.

That’s what DMC president Terence Patterson told Memphis City Council members Tuesday, Feb. 7, at the council’s second discussion in three weeks about Beale Street.

86. General Motors Invests $47M Into Tennessee, Michigan Plants -

SPRING HILL, Tenn. (AP) – General Motors is investing $47 million into two plants in Tennessee and Michigan.

In Tennessee, the automaker says it will spend $27 million to prepare its Spring Hill plant to assemble a right-hand drive SUV that will be exported to Australia as the Holden Acadia.

87. Events -

The second We Mean Business Symposium, hosted by the City of Memphis Office of Business Diversity and Compliance, will be held Wednesday, Feb. 8, from 8 a.m. to 3:30 p.m. at the Tower Center at Clark Tower, 5100 Poplar Ave., 33rd floor. The primary focus is to share upcoming city bid opportunities for small and minority-owned businesses. Companies also will learn about the certification and registration process and how to leverage the city’s diversity programs. The first J.E. Walker Breaking Barriers Awards Luncheon will follow. Cost is free; RSVP required. Register at eventbrite.com.

88. Cost-Containment Strategies for Employers -

After wages, health care is the No. 1 cost for most employers. So, it’s no surprise that health insurance and health care costs have been making headlines for nearly 25 years. Hillarycare was introduced in 1993 and the topic has not moved out of the spotlight since. Current health care spending is over $3.2 trillion per year, which is equal to around 18 percent of our GDP.

89. View From the Hill: Haslam Plan Tilts Broadband Playing Field -

State Reps. Pat Marsh and Art Swann emerged from a meeting underwhelmed by Gov. Bill Haslam’s legislation to spread broadband internet access across Tennessee.

“I thought there would be a lot more to it,” says Marsh, a Shelbyville Republican, calling the proposal “a drop in the bucket” financially but at least a starting point.

90. Stanifer Takes On Creative Role at Hollywood Feed -

Hollywood Feed has promoted Katherine Stanifer to graphic art manager, a role that includes serving as the lead graphic designer for brand assets for the retailer’s 50 locations across the Southeast. Stanifer works closely with Hollywood Feed’s director of advertising & creative, Billie Claire Darby, on a variety of projects ranging from internal training videos to monthly sales catalogs.

91. E-Commerce Return Shipments Spur Growth in Reverse Logistics Sector -

After the dust settled from the busiest time of the year for return shipments, commercial real estate services and investment firm CBRE Group Inc. released a report that outlined the methods retailers use to handle returned merchandise from e-commerce sales.

92. Through Banking and More, Williams Invests in Memphis -

Duncan Williams runs his investment bank the way others might run a family. “We do things differently around here,” he concedes. “When I walk out on the floor, nobody calls me ‘Mr. Williams.’ Mostly it’s, ‘What’s up, D.?’”

93. Last Word: Connecting Downtown, Tranquil Treasure and Gas Tax Complexities -

Temple over the Tigers Wednesday in Philadelphia 77-66. East Carolina at the Forum is coming up Saturday. Grizz and Raptors at the Forum Wednesday evening and the Grizz win 101 – 99. The Grizz are on the road starting Friday against the Trail Blazers.

94. Dow 20,000: What Does It Mean and Where Does It Go? -

With the Dow Jones industrials above 20,000, it's natural to ask what's going on and what, if anything, investors should do. Here are some answers to common questions that people have about the stock market.

95. Dow Jones Industrial Average Breaks Through 20,000 Milestone -

The Dow Jones industrial average crossed the 20,000 mark for the first time Wednesday, the latest milestone in a record-setting drive for the stock market.

Strong earnings from Boeing and other big companies helped push the Dow past the threshold early on and had U.S. stocks solidly higher in late-afternoon trading. The Standard & Poor's 500 index and Nasdaq composite were on course for record highs of their own after each closed at all-time highs on Tuesday.

96. Raiders File Papers to Move From Oakland to Las Vegas -

LAS VEGAS (AP) – The Oakland Raiders have filed paperwork to move to Las Vegas.

The NFL and officials in Nevada confirmed Thursday that the team is asking league owners to approve the move, although the team made no immediate comment and a group that wants to keep the team in Oakland vowed it was still in the game and "playing to win."

97. Metropolitan CEO Explains Renasant Merger -

Not many people were racing to start up banks in 2008, with the underpinnings of the financial system teetering. One of the few who did was Curt Gabardi, a former Regions Bank executive who envisioned a bank that would focus primarily on commercial and private banking clients.

98. View From the Hill: Cooperatives Ready to Fill Broadband Void -

Rural broadband backers such as Misty O’Beirne in Rutherford County can take heart. Legislation to spread high-speed internet into cyberspace deserts is making the right connections.

99. Memphis Economists: Trump Tweets Turn the Page on GOP Playbook -

It’s long been a cornerstone of Republican political orthodoxy that government should “get out of the way” of businesses, and that the fewer mandates and regulations, well, the better.

100. GM to Add or Keep 7,000 US Jobs, Make $1B Factory Investment -

DETROIT (AP) – General Motors plans to invest $1 billion in U.S. factories and add thousands of new white-collar jobs, measures that have been in the works for years but were announced Tuesday after criticism from President-elect Donald Trump.