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Editorial Results (free)
1. Exxon's 4Q and Annual Profit Plunge With Oil Prices
- Wednesday, February 3, 2016
DALLAS (AP) — The big plunge in crude prices is taking a toll on Big Oil.
Exxon Mobil Corp. said Tuesday that fourth-quarter profit fell 58 percent to $2.78 billion. It was the oil giant's smallest profit since the third quarter of 2002.
2. International Real Estate Firms Find Purchase Potential in Memphis
- Tuesday, January 26, 2016
International investors and developers are increasingly looking to Memphis because the market is stable and the returns are high, according to a variety of real estate professionals doing business locally.
3. Cutting-Edge Creations
- Saturday, May 23, 2015
Over a selection of beverages and light hors d’oeuvres at a recent gathering, a group of entrepreneurs and startup teams held court at the Memphis Bioworks Foundation for a networking session, introduced themselves to the community and got a general welcome to Memphis.
4. The Return of King Dollar
- Wednesday, October 1, 2014
The market’s game ball in the third quarter goes to the U.S. dollar. The U.S. dollar rose 7 percent, boosted by the comparative hawkishness of the U.S. Fed. The currency has now advanced for 11 consecutive weeks, its longest winning streak in nearly 20 years (although the uptrend actually started in mid-2011). What should you know about the return of King Dollar?
5. Somerset Apartments Sell for $2.5 Million
- Tuesday, June 17, 2014
An entity called Memphis Winset LLC has paid $2.5 million for the 496-unit Somerset Park Apartment Homes in Oakhaven.
6. Amazon.com Sees Delivery Drones as Future
- Tuesday, December 3, 2013
NEW YORK (AP) – Amazon.com is working on a way to get packages to customers in 30 minutes or less – via self-guided drone.
Consider it the modern version of a pizza delivery boy, minus the boy.
7. Obama Nominates Pritzker, Froman for Economic Jobs
- Friday, May 3, 2013
WASHINGTON (AP) – President Barack Obama on Thursday chose two old friends with corporate executive experience for top posts on his economic team, naming longtime fundraiser Penny Pritzker as Commerce secretary and adviser Michael Froman as U.S. Trade Representative.
8. Roberts Benchmark Hotel on Union Sells for $3.2 Million
- Monday, December 24, 2012
164 Union Ave.
Memphis, TN 38103
Sale Amount: $3.2 million
Sale Date: Dec. 5, 2012
9. Memphis Company Buys Somerset Apartments
- Thursday, December 20, 2012
An entity called JMC Memphis LLC has paid $1.7 million for the 496-unit Somerset Park Apartment Homes in Oakhaven.
10. Somerset Apartments Owner Files $2 Million Loan on Property
- Friday, October 19, 2012
A Hollywood, Fla.-based entity called Investments Australia LLC has filed a $2 million loan on the 496-unit Somerset Park Apartment Homes in Oakhaven.
11. Renewable Investment Hit $257B
- Tuesday, June 12, 2012
GENEVA (AP) – Global investment in renewable energy reached a record of $257 billion last year, with solar attracting more than half the total spending, according to a U.N. report released Monday.
12. Market Value
- Monday, May 14, 2012
Investor Warren Buffett admitted in his annual letter to shareholders recently that he was “dead wrong” in his early 2011 prediction that the housing market would have begun recovery by now.
13. Somerset Park Apartments Sell for $1.1 Million
- Tuesday, November 1, 2011
3425 Winchester Park Drive
Memphis, TN 38118
Sale Amount: $1.1 Million
14. Florida Company Buys Oakhaven Apartments
- Thursday, October 27, 2011
A Hollywood, Fla.-based entity called Investments Australia LLC has bought the 496-unit Somerset Park Apartment Homes in Oakhaven for $1.1 million.
15. Berkshire Hathaway to Buy Back Shares
- Tuesday, September 27, 2011
OMAHA, Neb. (AP) – Warren Buffett is sending a clear signal that he believes Berkshire Hathaway's stock is undervalued by announcing a plan to repurchase stock for the first time since taking over the firm in 1965.
16. Cotton Leads April’s Slow CRE Numbers
- Tuesday, May 25, 2010
Cotton was king of commercial real estate in April as transactions involving three merchants – a pair of longtime Memphis companies and one area newcomer – represented two of the month’s top sales.
17. AIG Sells Alico Unit to MetLife for $15.5 Billion
- Tuesday, March 9, 2010
CHARLOTTE, North Carolina (AP) - American International Group Inc. said Monday it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG's second big asset sale in two weeks, will give the insurer more cash to repay the billions of bailout dollars it still owes the government.
18. News CEO Murdoch Compensation Drops to $18M
- Friday, August 21, 2009
LOS ANGELES (AP) - Rupert Murdoch, the chief executive and controlling shareholder of News Corp., saw his compensation drop 40 percent in fiscal 2009 as weak earnings reduced his incentive pay, according to an Associated Press review of regulatory filings.
19. Principal Financial to Cut 550 Jobs
- Wednesday, December 10, 2008
DES MOINES, Iowa (AP) - Insurance, banking, retirement and asset manager Principal Financial Group Inc. said Tuesday it is cutting 550 jobs, about 3.5 percent of its work force.
20. Treasury Set To Dish Out Rescue Funds
- Tuesday, October 28, 2008
WASHINGTON (AP) – The Treasury Department will start doling out $125 billion to nine major banks this week to get credit flowing again, giving a lift to U.S. markets on rising confidence that the government’s moves would stave off a protracted recession.
21. U.S. Credit Crisis Proves Again That Markets Around the World are Linked
- Tuesday, August 28, 2007
NEW YORK (AP) - The sharp declines this month in many stock markets worldwide proves that not all that happens in Vegas stays in Vegas.
That city is among those areas of the United States hard hit by a slumping housing market. Combine that with a strong global appetite in recent years for investments based on U.S. mortgages bundled together, and a dotted line begins to emerge between faltering home loans in once-hot housing markets and troubles for hedge funds in Australia and banks in Europe.
22. Archived Article: Idb (lead)
- Monday, September 16, 2002
Harry Potter game manufacturer eyes Mid-South for distribution headquarters
Game maker eyes Mid-South for headquarters
By ANDREW BELL
The Daily News
Its no illusion; an internationally popular fantasy battle-game company is considering m...
23. Archived Article: Real Focus
- Tuesday, October 19, 1999
The demand for DeSoto The demand for DeSoto New projects representing more than $360 million in capital investments may be leading DeSoto County toward another record-breaking year for development By LAURIE JOHNSON The Daily News With nine companies...