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Editorial Results (free)

1. 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.

2. 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.

3. 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.

4. 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.

5. 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

6. 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.

7. 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South Houston Levee Road and Bill Morris Parkway for a new mall, but just a week later, the potential developer has withdrawn its application.

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

13. 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.

14. 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.

15. 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.”

16. 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.

17. 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.

18. 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.

19. 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.

20. 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.

21. 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.

22. 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. 

23. 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.

24. 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.

25. 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.

26. 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.

27. 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.

28. $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.

29. $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.

30. 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.

31. 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.

32. 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.

33. 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.

34. 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.

35. 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.

36. 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.

37. 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.

38. 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.

39. 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.

40. 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.

41. 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.

42. 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.

43. 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.

44. 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.

45. 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.

46. 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.

47. 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.

48. 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.

49. 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.

50. 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.

51. 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.

52. 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?

53. 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.

54. 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.

55. 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.

56. 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.

57. 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

58. 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.

59. 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.

60. 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.”

61. Olymbec Buys Southeast Warehouse -

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

62. 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.

63. 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.

64. 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.

65. 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.”

66. 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.

67. 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.

68. 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. 

69. 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.

70. 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.

71. 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.”

72. 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.

73. 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.

74. Chinese Imports Push Up US Trade Deficit in May -

WASHINGTON (AP) – The U.S. trade deficit climbed in May as a surge in imports of Chinese-made cellphones and computers pushed the politically sensitive imbalance with China to the highest level in six months.

75. Chinese Imports Push Up US Trade Deficit in May -

WASHINGTON (AP) – The U.S. trade deficit climbed in May as a surge in imports of Chinese-made cellphones and computers pushed the politically sensitive imbalance with China to the highest level in six months.

76. Memphis Financial Pros Brace for More Brexit Fallout -

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

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

77. OECD Forecasts Stronger US Growth in 2017 -

WASHINGTON (AP) – A Paris-based international group is forecasting that the U.S. economic expansion, celebrating its seventh birthday this month, should remain on track over the next two years with growth strengthening in 2017.

78. Inflation’s Impact on Your Investments -

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

79. AT&T Invests Nearly $200M in Memphis in Past 3 Years -

AT&T invested nearly $200 million in its Memphis-area wireless and wired networks between 2013 and 2015, the company announced this week.

The investments enhance reliability, coverage, speed and performance for residents and businesses, and also enhance services that support public safety and first responders.

80. Financial Stress to Financial Yes -

Every year Americans make $46 billion worth of payday loan transactions, with more than 40 percent of these loans processed online. Payday loans allow borrowers to withdraw cash anywhere from a few days to a couple of weeks prior to receiving their paycheck, with the intent to pay it back with interest and fees when they receive their next paycheck.

81. Collierville Sees Year’s Largest Multifamily Sale -

160 Madison Farms Drive
Collierville, TN 38017

Sale Amount: $34.3 million

Buyer: Spyglass-Collierville LLC

82. Memphis Misses Promise Zone List -

Memphis wasn’t on the list announced Monday, June 6, of nine communities – including Nashville – that will receive federal Promise Zone assistance from the U.S. Department of Housing and Urban Development.

83. Collierville Apartments Sell for $34.3 Million -

Collierville’s 324-unit Madison at Schilling Farms apartment community has changed hands in the largest multifamily sale in Shelby County over the past year.

New Jersey-based private equity firm Spyglass Capital Partners LLC, working as Spyglass-Collierville LLC, paid $34.3 million, or $105,864 per unit, for the Class A property. The seller, Arenda Capital Management affiliate Madison 324 LLC, had purchased the community four years ago for $32 million.

84. Cloverleaf Shopping CentercUnveils New Look -

The owners of the Cloverleaf Shopping Center at Summer Avenue and White Station Road have recently wrapped a major renovation and rebranding of the center.

The new signage and retro logo is meant to be a throwback to the center’s mid-century roots.

85. Greenprint Summit To Be Held June 23 -

The Memphis-Shelby County Office of Sustainability will hold its second Greenprint Summit this month.

On June 23, regional speakers and local leaders will speak on their efforts in improving green infrastructure in the Mid-South.

86. Madison at Schilling Farms Sells for $34.3 Million -

Collierville’s 324-unit Madison at Schilling Farms apartment community has changed hands in the largest multifamily sale in Shelby County over the past year.

New Jersey-based private equity firm Spyglass Capital Partners LLC, working as Spyglass-Collierville LLC, paid $34.3 million, or $105,864 per unit, for the Class A property. The seller, Arenda Capital Management affiliate Madison 324 LLC, had purchased the community four years ago for $32 million.

87. Greenprint Summit To Be Held June 23 -

The Memphis-Shelby County Office of Sustainability will hold its second Greenprint Summit this month. On June 23, regional speakers and local leaders will speak on their efforts in improving green infrastructure in the Mid-South.

88. Cloverleaf Shopping Center Unveils New Look -

The owners of the Cloverleaf Shopping Center at Summer Avenue and White Station Road have recently wrapped a major renovation and rebranding of the center.

The new signage and retro logo are meant to be a throwback to the center’s mid-century roots.

89. First-Quarter Results Show Fred’s on Rebound -

Especially for a company like Memphis-based discount retailer Fred’s Inc., quarterly earnings results are about more than the numbers.

Fred’s – which grew total sales 8 percent during the quarter ended April 30 over the same period last year and earned $1.3 million in net income – is in the midst of a broad strategic and operational realignment. On the heels of new additions to management last year, plus new strategic imperatives and a big acquisition, changes the company is pushing this year include positioning itself as more of a health care company.

90. Innovating Health -

Dr. Guy Reed’s Memphis-based medical startup hit a big milestone toward the end of 2015, when Japanese pharmaceutical company Daiichi Sankyo reached a deal to license the company’s technology.

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

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

92. Feds Spend Billions to Run Museum-Ready Computer Systems -

WASHINGTON (AP) – The government is squandering its technology budget maintaining museum-ready computer systems in critical areas from nuclear weapons to Social Security. They're still using floppy disks at the Pentagon.

93. Citibank Paying $425M in Fines to Settle US Charges on Rates -

WASHINGTON (AP) – Citibank will pay $425 million in fines to settle federal civil charges of attempting to manipulate key benchmarks used to set interest rates for investments in derivatives and U.S. Treasury bonds as well as a range of consumer loans.

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

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

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

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

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

96. Production Unaffected By Fire at GM Plant in Spring Hill -

SPRING HILL, Tenn. (AP) – A fire at the General Motors plant in Tennessee was quickly extinguished and will not affect production at the Spring Hill facility.

GM spokesman Tom Wickham said Friday that the fire in the air handling unit is believed to have been caused by a welding spark.

97. One Family -

An unprecedented private investment aims to restore a commercial heart to the Soulsville USA neighborhood, where a pair of sprawling buildings take up nearly a full block across from the Stax Museum of American Soul Music. It isn’t an eyesore, but inactivity within those walls has been a drag on the community.

98. St. Jude Pulls $84.5M Permit for Expansion -

St. Jude Children’s Research Hospital has applied for an $84.5 million permit for construction on its Downtown campus, part of a $9 billion strategic plan announced late last year.

Addition and alterations will take place at 262 N. Danny Thomas Blvd., according to the application, which lists W.G. Yates & Sons Construction Co. as the contractor.

99. Haves, Have-Nots Get Varied Tax Relief -

Amid the rancor of bathroom and counseling bills, two major pieces of legislation slipped through the General Assembly this session with hardly a peep – elimination of the Hall tax and a partial revitalization of property tax relief for seniors and disabled veterans.

100. More Student Housing For University District -

3557 Mynders Ave. 
Memphis, TN 38111
Permit Amount: $15.5 million

Completion: Fall 2017
Owner: 908 Group
Tenant: The Nine
Architect: BDG Architects
Details: A student housing tower near the University of Memphis has taken a step forward nearly two years after a development on that site was first announced.