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Editorial Results (free)

1. Wal-Mart to Add About 10,000 Retail Jobs in the US -

NEW YORK (AP) – Wal-Mart plans to add about 10,000 retail jobs in the U.S. as it opens new stores and expands existing locations. The world's biggest retailer said Tuesday that its plans will also generate about 24,000 construction jobs.

2. 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.

3. First Tennessee Parent Closes Book on Solid 2016 -

First Tennessee Bank’s parent company has closed the book on 2016 with a set of quarterly and full-year results attributable to its top executive’s mantra about sticking to the basics.

4. Saving More – Can It Be Done? -

Ray’s Take When you’re busy focusing on living your life, it’s easy to fall into spending habits that aren’t exactly consistent with your long-term goals. Marketing departments hire some very smart people who can get you to buy things that you didn’t even know you wanted!

5. Trump Leaving His Global Business – To Be Run By His Sons -

NEW YORK (AP) – Breaking with presidential precedent, Donald Trump said Wednesday he will continue to profit from his global business empire after he enters the White House this month.

6. Elusive High-Speed Internet Sprouts in Rural Tennessee -

NASHVILLE, Tenn. (AP) – Rural Scott County could serve as a model for how grant money can be leveraged to spur much-needed infrastructure investments such as high-speed Internet.

The Tennessean (http://tnne.ws/2iw1xMn) reports that Scott County, located 60 miles northwest of Knoxville, is classified by the state as economically distressed, but its local cooperative now has some of the fastest internet services in the nation.

7. Fed's Powell Sees Only Isolated Signs of Financial Excess -

A Federal Reserve governor is saying record-low interest rates have so far produced only isolated signs of excess in the economy but that the central bank must remain vigilant.

Jerome Powell says low rates helped pull the country from the Great Recession and toward a healthy job market. But he also says rates that stay low for a long time can lead to excessive risk-taking, as seen in the dot-com and housing bubbles of the last two decades. He made the remarks Saturday at an American Finance Association meeting in Chicago.

8. Fogelman Acquires Two Apartment Communities -

Memphis-based Fogelman Properties acquired a pair of multifamily apartment communities in Georgia and South Carolina, totaling a combined 540 units.

The communities were acquired in a joint venture with Dallas, Texas-based Thackeray Partners and mark the third and fourth multifamily investments by the partnership since 2015.

9. 2016 – What Can We Learn From the Big Events? -

Ray’s Take One of the most important disciplines in financial planning is the annual review. A time to look at what worked, what didn’t, what needs adjusting and what we learned. As we look back on 2016, we can learn some financial lessons from the big events of the year.

10. Fogelman Acquires Two Apartment Communities -

Memphis-based Fogelman Properties acquired a pair of multifamily apartment communities in Georgia and South Carolina, totaling a combined 540 units.

The communities were acquired in a joint venture with Dallas, Texas-based Thackeray Partners and mark the third and fourth multifamily investments by the partnership since 2015.

11. Marketers Warm Up to Instagram -

In a hot-off-the-presses study by eMarketer, marketing professionals have spoken with gusto about their intended 2017 investments in Instagram.

It was just September 2015 when Instagram opened up advertising opportunities. However, the company is on track to bring in more than $1.85 billion in ad revenue this year, and that revenue is predicted to rise to $2.73 billion in 2017. Similarly, a poll of U.S. marketers conducted by Advertising Age and RBC Capital Markets found that 30 percent of respondents were currently leveraging Instagram advertising and an additional 31 percent plan to do so in 2017.

12. Memphis Music Initiative Expands With Three Hires -

The Memphis Music Initiative has announced an expansion of its team with new hires working with grantee organizations on funding and capacity building.

The new three-member team will be responsible for the stewardship of MMI’s support and investments, in partnership with its funded music engagement organizations.

13. Liz Weston: 6 Money Resolutions You Can Actually Keep -

Let's face the grim truth: Those 10 pounds you want to lose will likely be among your New Year's resolutions next year, too.

If you really want a sense of accomplishment, take care of money tasks that don't require ongoing discipline and that you typically don't have to repeat every year. Some of these are "one and done," while others you may have to revisit as your life changes, but all will give you a sense of progress toward your financial goals.

14. Last Word: Liberty Bowl Memories, Talk About Violence and The Year In Ed & Med -

Grizz fall to the Celtics in Boston Tuesday 113-103. With Mike Conley and five other starters out. Away from triple digits, it is SMU over the Tigers at the Forum Tuesday 58-54.

15. Large Deals, Office Construction Among Memphis' Commercial Real Estate Trends -

Coming off of a strong year in 2015, the commercial real estate market in the Memphis metropolitan area continued to do well in 2016.

Larry Jensen, president and CEO of Cushman & Wakefield/Commercial Advisors, said his company was tracking approximately 6 million square feet of net absorption in the industrial market headed into the last week of 2016, as compared to 8.4 million in 2015.

16. Memphis Health Care Thrives With Investments, Growth -

Methodist Healthcare made a “great commitment” to Memphis this year. Those are the words of Methodist University Hospital CEO Jeff Liebman, who referenced the health care system’s multimillion-dollar investment into its flagship hospital at 1265 Union Ave., part of a master plan that will give the facility a modern overhaul.

17. Memphis Music Initiative Expands With Three Hires -

The Memphis Music Initiative has announced an expansion of its team with new hires working with grantee organizations on funding and capacity building.

The new three-member team will be responsible for the stewardship of MMI’s support and investments, in partnership with its funded music engagement organizations.

18. Last Word: Pro-Memphis On Different Terms, Trump's Pledge and Phil Gagliano -

Be honest. How many of you are even at work Friday? And if you are, how many of you know there are cookies or egg nog in the break room? "He sees you when you are sleeping. He knows when you're awake."

19. Taxable or Tax-Deferred? -

Ray’s Take Tax planning is an essential part of any budgeting or investment management decision. Generally there are two types of accounts to consider: taxable and tax-deferred. But which one will work best for you? The answer is usually both, but there are definite strategies to consider when choosing.

20. Avoid Pitfalls as Retirement Distribution Deadline Nears -

The IRS defers taxes on many retirement accounts. But at a certain point, the agency wants to start collecting its due.

The way it does so can feel like an abrupt change, especially if you've spent decades considering those accounts off limits. You must start taking required minimum distributions, or RMDs, at age 70 1/2.

21. St. Jude Caps Busy 2016 with Investment Announcement -

St. Jude Children’s Research Hospital is once again ending the year on the cusp of major change, the year end again drawing a line underneath a period of significant expansion for the hospital while it looks ahead to much more to come.

22. Analysis: Mississippi Public Pension Fund Faces Test After 2 Weak Years -

JACKSON, Miss. (AP) – Lawmakers, county supervisors, mayors, school superintendents and college presidents should hope that the run-up in the stock market that began after Donald Trump's election continues.

23. City Budget Season on the Way With Concerns -

One of the highlights of 2016 for the Memphis City Council that took office in January with six new members was a budget season in which there were no significant changes in the proposal by Memphis Mayor Jim Strickland, who also took office in January.

24. Tuning Up Your Finances for 2017 -

As a longtime financial professional, I can vouch for the power of the looming New Year – more people begin showing interest in getting their finances in order during this time than any other. I’ve always found that the best way to ensure a great financial future is by mapping out your goals and avoiding common financial pitfalls. I’ll outline some of my most tried and true tips here.

25. Renasant Corp. Kicks Off Common Stock Offering -

For the parent company of Renasant Bank, now looked like the perfect time to kick off a common stock offering that will bring more than $75 million into the company’s coffers.

26. Browns Owner Jimmy Haslam Deposed in Pilot Lawsuit -

KNOXVILLE, Tenn. (AP) – Cleveland Browns owner Jimmy Haslam was deposed Tuesday in a civil lawsuit against the Pilot Flying J truck-stop chain owned by his brother, Tennessee Gov. Bill Haslam, and other family members.

27. Fred’s Considering HQ Relocation in Revamp -

Memphis-based retailer fred’s Inc. is studying a few options for relocating its Memphis headquarters at 4300 New Getwell Road, locations that CFO Rick Hans told The Daily News are all within a few miles of the current headquarters.

28. Fred’s Inc. Considering HQ Relocation as It Works to Revamp Business -

Memphis-based retailer Fred’s Inc. is studying a few options for relocating its Memphis headquarters at 4300 New Getwell Road, locations that Fred’s CFO Rick Hans told The Daily News are all within a few miles of the current headquarters.

29. Third-Quarter Loss Points to Lingering Challenge for Fred's -

Memphis-based retailer Fred’s Inc.’s release of its third quarter earnings results Thursday, Dec. 8, came with a few unusual features. First, the company had delayed that presentation to analysts by almost a week – then the company took the even more unusual step of declining to take questions from analysts.

30. Financial Recovery Regrets -

Ray’s Take When the market went into meltdown in 2008 a lot of investments and property values went south. People are recovering from losses to the value of their homes and losses in portfolios, but some still need to dig their way out. Getting out of a hole always takes a lot longer than falling in.

31. St. Jude Area Focus of $37M Investment from Memphis, State -

State government and the city of Memphis have announced multimillion-dollar contributions to improve the public infrastructure around the Downtown campus of St. Jude Children’s Research Hospital.

32. Trader Joe’s Developer Seeks $2.5M Permit -

2130 Exeter Road, Germantown, TN 38138 • Permit Amount: $2.5 million 

Future Tenant: Trader Joe’s 

Developer: CAP Germantown LLC

33. Supreme Court Upholds Broad Power to Curb Insider Trading -

WASHINGTON (AP) – A unanimous Supreme Court on Tuesday sided with the government in a legal clash over the nation's insider trading laws, a victory for prosecutors seeking to curb corruption on Wall Street.

34. Developer Withdraws Plan For Collierville Shopping Mall -

On Nov. 28, the Collierville Board of Mayor and Aldermen approved on first reading a request to rezone approximately 95 acres near South Houston Levee Road and Bill Morris Parkway for a new mall, but just a week later, the potential developer has withdrawn its application.

35. FedEx Expanded Its Network For Busiest Holiday Season on Record -

FedEx and retail businesses across the Mid-South are gearing up for a merry holiday season, with FedEx projecting a 10 percent increase in shipping volume over last year during the peak season from Black Friday to Christmas.

36. Olympic Hero Michael Phelps Looks to Dip His Toes in Tech -

SAN JOSE, Calif. (AP) – Michael Phelps wants to dive into Silicon Valley's investment opportunities as he tries to make the transition from Olympic swimming star and product pitchman to entrepreneur.

37. Pinnacle Financial Adds To Memphis HQ Staff -

Andy Watkins has joined Pinnacle Financial Partners as a financial adviser assistant, based at Pinnacle’s Memphis headquarters on Quail Hollow Road.

38. Pinnacle Financial Adds To Memphis HQ Staff -

Andy Watkins has joined Pinnacle Financial Partners as a financial adviser assistant, based at Pinnacle’s Memphis headquarters on Quail Hollow Road.

39. Volkswagen Bets on New Technology to Bounce Back From Crisis -

FRANKFURT, Germany (AP) – Volkswagen's namesake brand hopes to bounce back from its diesel emissions scandal with a broad restructuring that will mean more battery-powered cars, digital services such as ride-sharing, and more SUVs for the U.S. market.

40. Volkswagen to Shed 30,000 Jobs, Cutting Costs After Scandal -

FRANKFURT, Germany (AP) – Volkswagen announced plans Friday to cut 30,000 jobs in a wide-ranging restructuring of its namesake brand as it tries to recover from a scandal over cars rigged to cheat on diesel emissions tests.

41. Third Greenprint Summit Nov. 30 at Shelby Farms -

The third biannual Greenprint Summit will be held from 2 p.m. to 5 p.m. on Wednesday, Nov. 30, at Shelby Farms Park’s FedEx Event Center.

42. Transcript: CBU to Transform Campus, Transition to Project-Based Learning -

Christian Brothers University is not only changing the look of its campus at Central Avenue and East Parkway. Leaders of the institution are embarking on the second phase of a $70 million capital campaign that includes plans to “blow up” the university’s department of education to include Crosstown High School and the neighboring Middle College High School, extend internships to all students and to create a new library that is more than “air conditioning for books.”

43. Third Greenprint Summit Nov. 30 at Shelby Farms Park -

The third biannual Greenprint Summit will be held from 2 p.m. to 5 p.m. on Wednesday, Nov. 30, at Shelby Farms Park’s FedEx Event Center.

The free summit is being held in conjunction with the Greater Memphis Chamber’s Chairman’s Circle, Hyde Family Foundations and Shelby County government.

44. Congress Urged to Bar US Acquisitions by China State Firms -

WASHINGTON (AP) – As Chinese investment in the United States keeps setting records, congressional advisers suggest changing U.S. law so Chinese state-owned companies can be barred from buying or gaining control of American businesses.

45. Broke and Broken: Democrats Lose More Ground in State Legislature -

Tennessee House Democrats will have to start calling themselves the “Fighting 25,” down from the “Fighting 26,” after dropping a district in the battle to regain relevance statewide.

46. Last Word: Election Day Arrives, Compass Changes Course and Downtown Dining -

…Some notes and observations on Election Eve from someone who does this for a living…

Most of you – around 60 percent of the total number of people who will cast ballots in Shelby County in this election cycle – have already voted if past Presidential election cycles in Shelby County are any indication. You voted early.

47. Election Fallout: What a Trump Or Clinton Presidency Means for State -

Donald Trump is going to win easily in Tennessee.

Everyone, most of all the campaigns for both Trump and Hillary Clinton, accept this fact, as evidenced by the lack of campaign time spent in the state – and most of the South, for that matter – during this contentious campaign cycle.

48. Fund Managers: No, the Election Won't Wreck Your 401(k) -

NEW YORK (AP) – Worried that the election will ruin your 401(k)?

Don't be, fund managers say, no matter who wins the White House. As long as you're a long-term investor willing to ride through whatever market bumps occur after Election Day, and there certainly could be scary ones, presidential elections historically haven't had much impact on stocks over the long term. Other factors, such as how expensive stocks are relative to their earnings and what the Federal Reserve is doing with interest rates, are more important factors for the market than who sits in the White House.

49. Prepping for the Next Market Correction -

Ray’s Take Stock market corrections are an inevitable part of investing. Since 1932, declines of 10 to 20 percent have occurred every two years on average. It might happen next week, three months from now, or next year. 

50. Events -

Tennessee Small Business Development Center will present the “Sales & Use Tax” workshop Thursday, Nov. 3, from 8:30 a.m. to 12:30 p.m. at the Renaissance Business Center, 555 Beale St. Learn how to prepare a sales and use tax return, report exempt sales and more. Cost is free; registration required. Visit tsbdc.org/training for details.

51. Events -

The fourth annual Jewish Literary and Cultural Arts Festival kicks off with author Jonathan Safran Foer on Tuesday, Nov. 1, at 8 p.m. in the Memphis Jewish Community Center’s Shainberg Art Gallery, 6560 Poplar Ave. Visit jccmemphis.org/LitFest for a details, tickets and a festival schedule.

52. At Least 7 Lawmakers Had Financial Ties to GOP Donor Miller -

NASHVILLE, Tenn. (AP) – At least seven current and former Republican lawmakers in Tennessee had financial ties to a prominent GOP donor who recently settled a federal fraud case involving the military health care program.

53. Events -

The Booksellers at Laurelwood will host “Reel Masters: Chefs Casting About With Timing & Grace” authors Susan Schadt, Lisa Buser and Kelly English for a discussion and signing Tuesday, Nov. 1, at 6:30 p.m. at the bookstore, 387 Perkins Road Extended. Visit thebooksellersatlaurelwood.com.

54. Local Multifamily Market Continues To Log Higher Sales, Strong Demand -

Multifamily real estate sales have been strong in Memphis for a couple of years, and the 41 transactions posted in the third quarter mark the most recorded in a quarter in two years.

“The multifamily market continues to be very strong and has been the strongest real estate sector for the past several years,” said Mark Fogelman, president of Memphis-based Fogelman Management Group, a national multifamily property management company.

55. $92M Graceland Hotel Expected to Be a Catalyst for Whitehaven -

The Heartbreak Hotel on Elvis Presley Boulevard was full Wednesday, Oct. 26 – its final night as a hotel.

By the time the $92 million, 450-room Guest House at Graceland resort opened across the boulevard Thursday morning, many of the doors at the Heartbreak Hotel were missing their room numbers – taken as souvenirs by guests who filled the circa-1980s hotel in its final days.

56. $4 a Month? Social Security Recipients to Get Tiny Increase -

WASHINGTON (AP) — Millions of Social Security recipients and federal retirees will get a 0.3 percent increase in monthly benefits next year, the fifth year in a row that older Americans will have to settle for historically low raises. The adjustment adds up to a monthly increase of less than $4 a month for an average recipient.

57. Wal-Mart Plans to Slow New Store Openings, Invest in Online -

NEW YORK (AP) – Wal-Mart Stores Inc. plans to slow its new store openings and pour more money into its online efforts, technology and store remodels, the company said Thursday.

58. Gauging the Feasibility of Historic Museum -

As I watched the grand opening of the National Museum of African American History and Culture on television, I was filled with excitement and emotion. I was excited about this historic moment and what it means for the African-American community and the nation.

59. ABB Aims to Grow to 500 Jobs in Senatobia Within 5 Years -

SENATOBIA, Miss. (AP) – Swiss firm ABB said Friday that it hopes to increase employment at its Tate County plant from 89 workers now to as many as 500 in five years. That's 200 more employees than the company had previously announced.

60. Risk Management and Planning -

Ray’s Take Among the many balancing acts involved in professional financial planning is the trade-off between “certainty” and “risk.” While risk may not feel very good sometimes, given the current level of interest rates and inflation, a retirement plan without some level of risk will almost certainly leave you old and broke.

61. Analysts See M&A in First Horizon Future -

After Bryan Jordan, the top executive at First Tennessee Bank’s parent company, had talked for about 30 minutes earlier this month at the 2016 Barclays Global Financial Services Conference, audience members were polled.

62. Open and Shut -

The office of the future hacks down cubicle walls in favor of modular furniture that encourages collaboration. As many business sectors, from banking to legal services, move to a tech-first approach, companies are turning away from traditional office configurations to attract the next generation of talent.

63. Estate Planning – It’s a Need -

Ray’s Take When talking about money and how it works in our lives, we often refer to the difference between wants and needs. The challenge being that when someone really wants something it can start to feel like a need.

64. Feds Preview Rules of the Road for Self-Driving Cars -

WASHINGTON (AP) – Obama administration officials are previewing long-awaited guidance that attempts to bring self-driving cars to the nation's roadways safely – without creating so many roadblocks that the technology can't make it to market quickly.

65. W.M. Barr Looking to Grow Memphis Operations -

Memphis-based W.M. Barr & Co., a manufacturer of household cleaning products, is planning a $12 million expansion of its Presidents Island facility.

66. How to Tell If Your 401(k) is a Dud -

There's a lot to like about employer-sponsored retirement plans like the 401(k): They're convenient (funded via automatic payroll deduction), offer tax savings (contributions lower a participant's taxable income, and investments grow tax-free) and many companies sweeten the deal by pitching in their own money to encourage employees to save.

67. City's Fourth Bluff Project Gets $5 Million Grant -

A new national effort to counter the growing economic and social fragmentation in U.S. cities has awarded Memphis’ Fourth Bluff project a $5 million grant.

The effort, called Reimagining the Civic Commons, is a partnership of four national foundations that seeks to foster civic engagement, economic opportunity and environmental sustainability by revitalizing and connecting parks, libraries, community centers and other public spaces.

68. MATA Awarded $4.3M Federal Grant to Replace Buses -

The Memphis Area Transit Authority has secured $4.3 million in federal funding to purchase replacement buses, saving the system money by deploying new transit technology.

The grant from the U.S. Department of Transportation's Federal Transit Administration was announced Thursday, Sept. 8.

69. Memphis’ Fourth Bluff Project Gets $5 Million Grant -

A new national effort to counter the growing economic and social fragmentation in U.S. cities has awarded Memphis’ Fourth Bluff project a $5 million grant.

The effort, called Reimagining the Civic Commons, is a partnership of four national foundations that seeks to foster civic engagement, economic opportunity and environmental sustainability by revitalizing and connecting parks, libraries, community centers and other public spaces.

70. Abercrombie Closing Up to 60 Stores After Posting Wider Loss -

NEW YORK (AP) – Abercrombie & Fitch Co. reported a wider loss for its second quarter on Tuesday and said it's closing up to 60 stores in the United States as both U.S. and international sales fell.

71. How Top Sales Teams Maximize Trade Shows -

Editor’s Note: This is the first in a two-part series. Your marketing team can go all out before a trade show. They can create a compelling booth design, write informative collateral and come up with exciting giveaways to grab attention.

72. United Housing Garners High State Rankings -

United Housing Inc. is one of the top housing producers in the state, according to the Tennessee Housing Development Agency.

73. City of Hernando Awarded $400,000 Brownfields Grant -

The city of Hernando has earned a $400,000 grant from the U.S. Environmental Protection Agency (EPA) that will be used to clean up a brownfields site for redevelopment.

Grants of $325,000-$400,000 were issued to four Mississippi communities to go toward EPA cooperative agreements.

74. Construction Begins On Lamar Avenue Hotel -

Sean Radford Construction recently filed a $1.5 million building permit for construction of a new hotel at 2876 Lamar Ave.

75. City of Hernando Awarded $400,000 Brownfields Grant -

The city of Hernando has earned a $400,000 grant from the U.S. Environmental Protection Agency (EPA) that will be used to clean up a brownfields site for redevelopment.

Grants of $325,000 to $400,000 were issued to four Mississippi communities to go toward EPA cooperative agreements.

76. Construction Begins On Lamar Avenue Hotel -

Sean Radford Construction recently filed a $1.5 million building permit for construction of a new hotel at 2876 Lamar Ave.

77. The Hidden Risk to the Economy in Corporate Balance Sheets -

NEW YORK (AP) – America has a debt problem, but it's not what you think. Yes, the federal government owes trillions of dollars more than it did a few years ago. Yes, Americans are still struggling to pay off mortgages and student loans. But it's the buildup in debt elsewhere that is most worrying some experts, and the big borrower this time may come as a surprise: Corporate America.

78. United Housing Garners High State Rankings -

United Housing Inc. is one of the top housing producers in the state, according to the Tennessee Housing Development Agency. At THDA’s Homebuyer Education Initiative Peer Session, the state entity named UHI within the top 7 percent for housing production in the state.

79. 5 Guidelines for Managing Nonprofit Funds -

Editor’s note: Part two of a two-part interview with Leland FaustWhat would you do if you were responsible for reviewing financial management policies for your nonprofit? What would you do if asked to vote on a change of investment firms? What questions would you ask?

80. Morgan Stanley Accused of Mismanaging its 401(k) Plan -

NEW YORK (AP) – Even Wall Street workers are unhappy with how their retirement plans are run.

A participant in Morgan Stanley's 401(k) plan filed a lawsuit Friday in U.S. District Court in New York alleging that it offers investment options that have too-high fees and poor track records, including some mutual funds run by Morgan Stanley itself. The suit accuses the $8 billion plan of causing "hundreds of millions of dollars" in losses for its roughly 60,000 participants.

81. Wal-Mart Raises Annual Profit Outlook, Reports Strong Sales -

NEW YORK (AP) – Wal-Mart's vast fleet of stores and its online business are starting to click together.

The company raised its earnings outlook for the year on Thursday and delivered strong profit and sales for the second quarter, as moves to improve the store and online experience are winning over customers.

82. Hotel Napoleon Joins Growing List of Unique Downtown Lodging -

A Downtown property’s ample windows, turn-of-the century architecture and an interesting backstory attracted hotel developer Suna Investments to the historic Winchester Building at 179 Madison Ave.

83. Macy's Plans to Close 100 Stores, Boost Online Investment -

NEW YORK (AP) – Macy's plans to close about 100 stores next year and boost its online investments, the nation's largest department store chain said Thursday, as it tries to become more nimble in an increasingly fierce market. The closures represent close to 14 percent of its stores under the Macy's brand.

84. Varsity Brands Warehouse Sells for $9.5 Million -

3131 Appling Road
Bartlett, TN 38133

Sale Amount: $9.5 million

Sale Date: Aug. 4, 2016

Buyer: Appling Road Memphis LLC

85. NFIB Optimism Index Remains Stagnant -

The National Federation of Independent Business said Tuesday, Aug. 9, its Index of Small Business Optimism rose one-tenth of a point in July to 94.6, showing no real enthusiasm among small businesses for expansion, expected sales and making capital outlays.

86. Wal-Mart Buying Online Retail Newcomer Jet.com -

NEW YORK (AP) — Wal-Mart is buying fast-growing online retailer Jet.com for $3 billion in cash plus $300 million in stock, scooping up a newcomer that launched a year ago with the intention of challenging online leader Amazon.

87. Memphis Chamber Reveals 2016 Young Memphians Class -

The Greater Memphis Chamber has announced its 2016 class of young professionals who will be featured in Memphis Crossroads Magazine.

“Every year we select young professionals from our member companies who excel in their careers and display a passion for Memphis, and every year it becomes more difficult to narrow down the field,” said Phil Trenary, president and CEO of the Greater Memphis Chamber. “These young Memphians deserve recognition for the time and talent they have invested in our city, and we are excited to introduce you to these entrepreneurs, innovators, community servants, creatives and business professionals.”

88. Olymbec Buys Southeast Warehouse -

Olymbec USA has purchased a southeast Memphis office building from Memphis Investments LLC for $1.3 million.

89. Jernigan Raises Outlook for Earnings -

For Jernigan Capital, the newest Memphis-based public company that provides capital to self-storage entrepreneurs, the period between April and June saw the company achieve a handful of firsts.

Among the results for the second quarter, the company grew its net income to $5.4 million, up significantly from $1.1 million in the first quarter and reversing a Q2 2015 loss of $558,000. The second quarter was also the first time since the company’s April 2015 initial public offering that total income surpassed overhead costs.

90. Red State, Blue Mayors -

Nashville Mayor Megan Barry, a Democrat in Tennessee’s sea of red, finds herself adapting to the control Republicans hold over the state Legislature.

91. 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.

92. Rating Agencies, State Comptroller Tout Improved City of Memphis Finances -

The most outspoken critic of the city’s financial condition said Monday, July 25, that Memphis leaders have made a “remarkable achievement.”

“Just three years ago there was a serious question about whether the City Council would take the necessary steps to control its budget and determine Memphis’ future,” Tennessee Comptroller Justin Wilson wrote Monday to Memphis Mayor Jim Strickland and Memphis City Council chairman Kemp Conrad. “If you continue on this path, Memphis will reclaim its rightful place among the truly vibrant cities of the world.”

93. Verizon Buys Yahoo for $4.83B, Marking End of an Era -

SAN FRANCISCO (AP) – Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet.

It is the second time in as many years that Verizon, extending its digital reach, has snapped up the remnants of a fallen internet star. The nation's largest wireless carrier paid $4.4 billion for AOL last year.

94. 3 Ways to Elevate Your Volunteer Engagement Program -

How can you increase the time, money and expertise available to your nonprofit? Some of us want to increase the hours in our days from 24 to 30, others believe “cloning” is an alternative. We understand the lament “not enough hours in the day” and so we offer a proven solution: elevate your volunteer engagement program. Here are three things to consider.

95. Events -

Memphis Metropolitan Planning Organization will hold two public meetings Wednesday, July 20, to present short-term investments for multimodal projects in the Memphis metropolitan planning area. The meeting will take place at MATA Central Station, 545 S. Main St., from noon to 1 p.m. and at Bartlett City Hall, 6400 Stage Road, from 5:30 p.m. to 6:30 p.m. Email pragati.srivastava@memphistn.gov for more information. 

96. Paragon Bank: Not Too Big, Not Too Small, But Just Right -

Robert Shaw won’t say that big banks don’t have their place in the industry. He knows better.

97. White House: Budget Deficit to Rise to $600 Billion -

WASHINGTON (AP) — The White House on Friday predicted that the government's budget deficit for the soon-to-end fiscal year will hit $600 billion, an increase of $162 billion over last year's tally and a reversal of a steady trend of large but improving deficits on President Barack Obama's watch.

98. Paragon Executive Touts Personal Touch of Community Banking -

Robert Shaw won’t say that big banks don’t have their place in the industry. He knows better.

“Larger banks do a lot of things very well,” said Shaw, CEO of Paragon Bank. “But community banks can do things on a more personal basis.”

99. Progress in Closing the Digital Divide -

When I worked in financial services I saw the information technology sector quickly grow to be the second largest sector, making up over 20 percent of the capital markets.

Now that I am back in Memphis and working to build high-growth entrepreneurial technology companies, I see firsthand how the lack of embracing information technology earlier here in Memphis hit us like a sledgehammer.

100. Humane Society Seeks New Leader After Terminating Director’s Contract -

The Humane Society of Memphis and Shelby County has terminated executive director Andrew Jacuzzi’s contract and retained Amy Howell as consulting interim director.