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Editorial Results (free)

1. Collins Leaving as City's Chief Financial Officer -

City of Memphis chief financial officer Brian Collins is leaving the post he’s held for the last five years across two mayoral administrations to become executive director of the Illinois Municipal Retirement Fund, Collins announced Friday, Nov. 17. He is leaving City Hall in January and starts his new job Jan. 8.

2. Ignite Memphis Coming to New Ballet Memphis Digs -

If it was possible to create a mixtape of Memphis creativity, it might look like an event set to take place this week at Ballet Memphis.

The 11th edition of Ignite Memphis moves to Ballet Memphis’ new Overton Square space on Thursday, Nov. 16, bringing its signature slideshow-based presentation format to the ballet company’s Midtown digs. Organizers look for spaces like this – big enough to hold a crowd of around 300, and buzzy enough that people want to go there, be there and absorb what Ignite has to offer.

3. First Tennessee’s Walker Leading Push To Infuse Diversity Throughout Bank -

Memphis-based First Tennessee Bank is already the biggest bank in the state and award-winning for its work atmosphere. But the company isn’t resting on its laurels, instead forging ahead with unique strategies to better reflect the communities it is serving through a top-down, baked-in approach to ensuring diversity at every level of the organization.

4. Sports Complex Remains Driver of Fairgrounds Redevelopment Plan -

Parts of the city’s tentative plan for redevelopment of the Mid-South Fairgrounds may still come and go and the cost estimates could vary. But Memphis Mayor Jim Strickland’s administration made it clear at a Monday, Nov. 6, public meeting to unveil the most specific plan yet that a youth sports tournament complex is the anchor and driver of the financing for a redevelopment covering 175 acres.

5. CVS Bulks Up Delivery Service; Tops 3Q Earnings Expectations -

CVS Health is cranking up prescription deliveries to customer homes or workplaces, as the drugstore chain tries to squeeze more of an edge from a massive store network that puts 70 percent of the U.S. population within three miles of one of its locations.

6. Tenet Healthcare To Lay Off 1,300 Workers -

The parent company of Saint Francis Hospital in Memphis and Bartlett has announced a company-wide cost reduction effort intended to lower operating expenses by $150 million and will include cutting about 1,300 positions, including contractors.

7. Hilton Will Pay $700,000 to Settle Case Over Data Breach -

NEW YORK (AP) – Hotel operator Hilton will pay $700,000 to settle an investigation into two separate data breaches that exposed more than 350,000 credit card numbers.

The New York attorney general, who conducted an investigation along with his counterpart in Vermont, said Tuesday that one breach began in November 2014 and another in April 2015 but Hilton didn't tell consumers until November 2015.

8. Campbell Clinic Invests $30M In Germantown -

Campbell Clinic is in the throes of $30 million expansion of its Germantown campus, comprised today of a 60,000-square-foot clinic and 12,000-square-foot ambulatory surgery center on 15 acres near Wolf River Boulevard and Germantown Road.

9. Tenet Healthcare To Lay Off 1,300 Workers -

The parent company of Saint Francis Hospital in Memphis and Bartlett has announced a company-wide cost reduction effort intended to lower operating expenses by $150 million and will include cutting about 1,300 positions, including contractors.

10. Witnessing Real Change -

We host several Innovation Bootcamps each month. After doing this work for years, you expect a predictable pattern at each session. Surprisingly, it’s not in the transformational new thinking about the enterprise and the potential value that is created.

11. Owokoniran Focuses on Quality for Medtronic Patients -

Sometimes, talking about the weather isn’t boring at all. Sometimes what a person says about the weather helps explain his life story.

When Faheed Owokoniran stepped off the plane in Memphis in late 2015 for a job interview with Medtronic, he felt an immediate sense of relief. Owokoniran, now a senior sourcing engineer at medical-equipment powerhouse Medtronic, moved here from Mankato, Minnesota, land of ever-piling snow and 40-below temperatures. But before his years in Mankato – 2008 to 2016 – Owokoniran called Lagos, Nigeria, home.

12. Memphis Candy-Maker Dinstuhl's Celebrating 115 Years -

Enduring for five generations to celebrate its 115th birthday this year was no lucky turn of events for Dinstuhl’s Fine Candy Co. Inc.

13. Pettit Joins Food Bank As Chief Development Officer -

Attorney Peter Pettit has joined Mid-South Food Bank as chief development officer following his recent retirement as a partner in the Memphis office of Bass, Berry & Sims PLC. In his new role, Pettit works closely with food bank leaders to develop strategies and relationships with major gift donors, and specifically is working to complete the $12.5 million “Hunger to Hope” capital campaign.

14. Memphis Businesses Getting Smart About Internet of Things -

As cloud-based technologies continue to advance, a growing number of Memphis companies are hooking into the Internet of Things to become more efficient while offering consumers greater convenience.

15. ACA Sales Tax to Impact Businesses, Employees Starting In January 2018 -

With ongoing premium increases small and large businesses and their employees normally experience each year, the added cost of a new sales tax on health insurance premiums that goes into effect on Jan. 1 is expected to hit particularly hard.

16. DHL Planning New Memphis Distribution Facility -

0 Tchulahoma Rd.
Memphis, TN 38118

Tenant: DHL Supply Chain

Landlord: Belz Enterprises

17. Crosstown Crossroads -

For the past 90 years, Crosstown has seen its share of ups and downs. In the beginning, it was a shining beacon for the city’s eastward expansion; at its height, it anchored several vibrant and diverse neighborhoods; and at its lowest, Crosstown became the poster child for once-great inner-city areas of Memphis that had deteriorated.

18. Last Word: Pantographs & Catenaries, Grizz Uncertainty and Tuesdays Without Morrie -

After three years off the rails, the first significant indications that the trolleys are about to return. It was just a two-block ride that includes the Memphis Area Transit Authority trolley barn on North Main and one very new trolley. But it is a start through what is a very technical and bureaucratic process involving lots of safety vests, clipboards and video cameras.

19. Mercedes-Benz to Invest $1 Billion in Alabama, Add 600 Jobs -

FRANKFURT, Germany (AP) – Carmaker Mercedes-Benz announced Thursday that it will invest $1 billion to set up electric vehicle production at its Tuscaloosa, Alabama plant and to build a battery factory nearby, moves it said would create 600 new jobs.

20. FedEx Takes Profit Hit From Cyberattack in Q1 -

FedEx’s earnings per share for the first quarter were down year over year, as the Memphis-based shipping company continues to feel the effects of a June 27 cyberattack on subsidiary TNT Express that ended up costing $300 million.

21. Boyd Drops Beale Contract, But Says It Wasn't A Conflict of Interest -

Memphis City Council chairman Berlin Boyd ended his company’s fundraising contract with the Beale Street Merchants Association Tuesday, Sept. 19. But he again insisted the contract was not a conflict of interest in his duties as a council member voting on items involving the entertainment district.

22. Effects of June Cyberattack Cost FedEx $300 Million in Q1 -

FedEx’s earnings per share for the first quarter were down year over year, as the Memphis-based shipping company continues to feel the effects of a June 27 cyberattack on subsidiary TNT Express that ended up costing $300 million.

23. AutoZone Reports Mild Fiscal Fourth Quarter -

Memphis-based auto parts retailer AutoZone Inc. continues to find itself in an environment that’s unusual for the company and one that it’s not accustomed to, with the company’s fiscal fourth quarter sales bearing that out.

24. FedEx Pledges $1M To Hurricane Irma Clean-Up -

In the wake of Hurricane Irma, Memphis-based FedEx Corp. has announced it will commit $1 million in cash and transportation support to areas affected by the storm.

25. FedEx Pledges $1M To Hurricane Irma Cleanup -

In the wake of Hurricane Irma, Memphis-based FedEx Corp. has announced it will commit $1 million in cash and transportation support to areas affected by the storm. The announcement comes a few weeks after the company donated $1 million to Hurricane Harvey relief efforts.

26. Opioid Committee on Right Track, Obstacles Remain -

Smyrna Police Chief Kevin Arnold can remember the first time his detectives brought a heroin case to him three or four years ago.

“Of course, my reaction immediately was, ‘I thought that went away in the late 70s.’ But we’re seeing it. In fact, we are averaging approximately five heroin overdoses a month just in the town of Smyrna,” adds Arnold, whose city about 10 miles southeast of Nashville has a population of nearly 48,600.

27. Apple Unveils $999 iPhone X, Loses 'Home' Button -

CUPERTINO, Calif. (AP) – "One more thing." With that phrase, Apple paid homage to its late co-founder Steve Jobs for the 10-year anniversary of the iPhone on Tuesday when it unveiled its latest – and, at $999, its most expensive – new version of the device, the iPhone X.

28. Knoxville OKs $5M Upgrades to Expand Music, Event Space -

KNOXVILLE, Tenn. (AP) – A Tennessee city will spend a combined nearly $5 million for upgrades to its former convention center and the site of the 1982 World's Fair.

WBIR-TV reports that the Knoxville City Council approved spending $3 million on the World's Fair Park and $2 million on the former Knoxville Convention Center.

29. FedEx Commits $1M For Hurricane Harvey Relief -

FedEx Corp. is donating $1 million in cash and transportation support that will be used to deliver medical aid and supplies to those affected by Hurricane Harvey.

30. FedEx Commits $1M For Hurricane Harvey Relief -

FedEx Corp. is donating $1 million in cash and transportation support that will be used to deliver medical aid and supplies to those affected by Hurricane Harvey.

31. Highwoods in Talks to Backfill MassMutual Space at Triad III -

Even with a renewed interest in the city’s core and two new office buildings under construction, Class A space in the East Submarket is about as hot as it gets right now, so it’s not a surprise that the soon-to-be-vacated space currently occupied by a Memphis-based MassMutual firm in Triad Centre III has already drawn serious interest.

32. Computer Attacks Underscore Need for Cyber Insurance -

The cyberattack that hit FedEx subsidiary TNT Express in June, temporarily disrupting the company’s worldwide information systems, was a reminder about the fragility of digital systems that Herb Davis didn’t need.

33. South City Redevelopment Activity Heating Up -

The up-and-coming South City neighborhood is enjoying a resurgence of redevelopment activity lately, with the restoration of several historic properties, new multifamily construction and talk of bringing in a grocery store. The city and the Downtown Memphis Commission have been instrumental in the renewed interest, with noteworthy projects including the Clayborn Temple, the Universal Life Building and the demolition of Foote Homes.

34. Amid Retail and Industrial Successes, DeSoto Office Market Lags -

In the last few years, DeSoto County has become a magnet not only for retail development, but also for the industrial market.

Numerous new retail ventures have opened, and several other companies have opened industrial locations there, including FedEx Supply Services, XPO Logistics and Sephora.

35. Amid Retail and Industrial Growth, DeSoto County Office Market Lags -

In the last few years, DeSoto County has become a magnet not only for retail development, but also for the industrial market.

Numerous new retail ventures have opened, and several other companies have opened industrial locations there, including FedEx Supply Services, XPO Logistics and Sephora.

36. South City Redevelopment Heats Up With Renovations, New Construction -

The up-and-coming South City neighborhood is enjoying a resurgence of redevelopment activity lately, with the restoration of several historic properties, new multifamily construction and talk of bringing in a grocery store. The city and the Downtown Memphis Commission have been instrumental in the renewed interest, with noteworthy projects including the Clayborn Temple, the Universal Life Building and the demolition of Foote Homes.

37. Remaking Crosstown -

As he was leading tours through Crosstown Concourse this month, Todd Richardson took a small group to a set of windows for a balcony view of an addition being constructed on the north side of the property.

38. Lakeland's Lake District on Hold after 'Surprise' Foreclosure Notice -

Despite unveiling a new look and layout for the proposed Lake District development at a special meeting late Thursday, developer Yehuda Netanel’s plans were put on ice by Lakeland’s Industrial Development Board. That is at least until the matter of a “surprise” foreclosure notice could be sorted out.

39. One Decade Later: Effects of Financial Crisis Still Linger -

Ten years removed from the worst financial crisis since the Great Depression, the banking industry has transformed itself and wealth managers say investors remain leery.

Among other things, First Tennessee Bank jettisoned its national mortgage operation in the wake of the crisis. It refocused its attention and efforts around being a strong regional bank, as opposed to one with aggressive national ambitions. It trimmed headcount, boosted investment in technology and began to specialize, creating new industry-specific teams in verticals like health care and music-industry banking.

40. Craft Soda Ale-8-One Expands Distribution -

A craft soda with a Southern heritage spanning more than 90 years has expanded its distribution in Tennessee and now is showing up on Kroger shelves in Memphis.

Ale-8-One Bottling Co., maker of the popular ginger and citrus-based craft soda, announced that Kroger has placed it on their store shelves in Memphis and other Tennessee cities. Ale-8 is one of the South’s oldest craft sodas and has something of a cult following across the U.S.

41. Craft Soda Ale-8-One Expands Distribution -

A craft soda with a Southern heritage spanning more than 90 years has expanded its distribution in Tennessee and now is showing up on Kroger shelves in Memphis.

Ale-8-One Bottling Co., maker of the popular ginger and citrus-based craft soda, announced that Kroger has placed it on their store shelves in Memphis and other Tennessee cities. Ale-8 is one of the South’s oldest craft sodas and has something of a cult following across the U.S.

42. EdR Sees Drop In Q2 Net Income -

Memphis-based collegiate housing management and development specialists EdR posted second-quarter net income of $6.1 million, or 7 cents per diluted share, the company announced Monday, July 31.

While this figure is much lower than the $17.7 million, or 26 cents per diluted share, from the second quarter of last year, the company attributed the decline to a $12.1 million gain from the sale of collegiate housing properties during the year-ago period.

43. Barnes Tapped As New Tennessee Press Association President -

Eric Barnes, publisher and CEO of The Daily News Publishing Co. Inc., has become the next president of the Tennessee Press Association, the trade association for the state’s newspapers.

44. Next Big Leap for Apple? – Augmented Reality -

SAN FRANCISCO (AP) – Apple's iPhone may be ready for its next big act – as a springboard into "augmented reality," a technology that projects life-like images into real-world settings viewed through a screen.

45. Summertime Blues: Car Sales Head for 7th Straight Down Month -

DETROIT (AP) – U.S. sales of new cars and trucks showed declines in July as automakers cut back on low-profit rental car sales and consumers waited for Labor Day deals.

July was likely the seventh straight month of lower sales. Analysts have been predicting lower U.S. sales this year as demand levels out after an unprecedented seven straight years of growth.

46. Flying Ace Sully Makes Case Against Privatization -

WASHINGTON (AP) – Who are you going to trust when it comes to what's best for the flying public? Members of Congress or the hero of the Miracle on the Hudson, retired Capt. Chesley "Sully" Sullenberger?

47. EdR Sees Drop In Q2 Net Income -

Memphis-based collegiate housing management and development specialists EdR posted second-quarter net income of $6.1 million, or 7 cents per diluted share, the company announced Monday, July 31.

While this figure is much lower than the $17.7 million, or 26 cents per diluted share, from the second quarter of last year, the company attributed the decline to a $12.1 million gain from the sale of collegiate housing properties during the year-ago period.

48. EdR Sees Net Income Drop in Q2 -

Memphis-based collegiate housing management and development specialists EdR posted second-quarter net income of $6.1 million, or 7 cents per diluted share, the company announced Monday, July 31.

While this figure is much lower than the $17.7 million, or 26 cents per diluted share, from the second quarter of last year, the company attributed the decline to a $12.1 million gain from the sale of collegiate housing properties during the year-ago period.

49. Mueller Posts Stable Second-Quarter Earnings -

Memphis-based Mueller Industries Inc. posted net income of $27.6 million for the second quarter of 2017, or 48 cents per diluted share. The figure released Tuesday, July 25, compares to net income of $27.8 million for the second quarter of 2016.

50. International Paper Sees Record Fluff Pulp Sales -

Memphis-based International Paper Co. reported second-quarter net earnings of $80 million, or 19 cents per share, Thursday, July 27. That compares to $40 million in net earnings for the second quarter of 2016.

51. International Paper Sees Record Fluff Pulp Sales in Q2 -

Memphis-based International Paper Co. reported second-quarter net earnings of $80 million, or 19 cents per share, Thursday, July 27. That compares to $40 million in net earnings for the second quarter of 2016.

52. Mueller Posts Stable Earnings For Second Quarter -

Memphis-based Mueller Industries Inc. posted net income of $27.6 million for the second quarter of 2017, or 48 cents per diluted share. The figure released Tuesday, July 25, compares to net income of $27.8 million for the second quarter of 2016.

53. Fred’s Appoints New Chief Financial Officer -

Memphis-based Fred’s Inc. has appointed Jason Jenne as executive vice president and chief financial officer, effective immediately.

Fred’s announced Wednesday, July 19, that Jenne will succeed Rick Hans, who the company says is leaving “to pursue other opportunities.” Hans will remain in an advisory role until Aug. 18, working with Jenne to ensure a smooth transition.

54. Fred’s Appoints New Chief Financial Officer -

Memphis-based Fred’s Inc. has appointed Jason Jenne as executive vice president and chief financial officer, effective immediately.

Fred’s announced Wednesday, July 19, that Jenne will succeed Rick Hans, who the company says is leaving “to pursue other opportunities.” Hans will remain in an advisory role until Aug. 18, working with Jenne to ensure a smooth transition.

55. AutoZone’s Engine Starting to Stall -

AutoZone’s stock price is pointed in the opposite direction it’s been accustomed to for years now. Shares of the Memphis-based auto parts retailer are down more than 30 percent since the end of January. Needless to say, that’s an unusual place for the company, which continues to open new stores at a steady clip.

56. First Horizon Sees Growth in Second Quarter -

First Tennessee Bank’s parent company saw net income climb 61 percent in the second quarter and First Tennessee itself announced the largest merger in its history, but company chairman and CEO Bryan Jordan characterized the period for analysts pretty much the way he always does during earnings presentations.

57. Summer in the City -

Saturday night on Beale Street is more than a catch phrase for businesses there.

It is chapters in old, out-of-print books like Lt. George W. Lee’s “Where The Blues Began” that you can only see in the Memphis-Shelby County Room of the Central Library. You can’t check the book out because of its rarity and age. But you can also find references to the lore of Saturday nights on Beale Street on plaques in the entertainment district that current patrons walk past without even noticing.

58. Additional Sanitation Workers May Get Benefits -

The city of Memphis had 1,100 sanitation workers when the historic strike began in February 1968, with close to 1,000 of them walking off the job following the grisly deaths of two of their own trapped in the grinder of a garbage truck in East Memphis.

59. Council Approves Sanitation Workers Benefits -

There may be more than 14 city sanitation workers from 1968 who are still alive. And the city is double-checking its list as the Memphis City Council approved Tuesday, July 11, the payment of $50,000 grants to 14 of the workers it has already identified including four still working for the city.

60. The Week Ahead: July 10-16 -

Hello, Memphis! This week, a supercentenarian World War II veteran visits the Bluff City, a classic film flies into the Orpheum, and a piece of the Downtown skyline hits the auction block again. Check out what else you need to know about in The Week Ahead...

61. Need For Speed -

Access to high-speed broadband is a growing issue in Tennessee as technological advances in business and education become more digitally based. For the rural areas around Memphis and across the state, it is becoming a matter of disparity both on the workforce-training front and in classrooms. And the two are inextricably linked.

62. Microsoft Laying Off Thousands of Workers in Sales Shakeup -

REDMOND, Wash. (AP) – Microsoft is laying off thousands of employees in a shake-up aimed at selling more subscriptions to software applications that can be used on any internet-connected device.

63. Jernigan Capital Hits Investment Milestones -

Jernigan Capital – a publicly traded, Memphis-based provider of capital to self-storage entrepreneurs – is on a tear at the moment.

The company in recent days has closed three new self-storage development investment commitments totaling almost $50 million, including a co-investment of $26.5 million for a proposed 1,424-unit facility in Manhattan. The other investments are for facilities in Knoxville and in the Boston metro area, and construction on all three facilities is set to be finished by the end of second quarter 2018.

64. Analyst: Fred’s Not Seen as Viable Buyer of Rite Aid Stores -

Nick Mitchell, managing director and research analyst with Northcoast Research, didn’t have to do much work or analysis in the wake of news that Memphis-based Fred’s Inc. has been cut out of a deal between Walgreens and Rite Aid.

65. Fred’s Cut Out of New Walgreens, Rite Aid Deal -

Walgreens Boots Alliance has struck a new deal with Rite Aid to buy 2,186 of the chain’s stores for $5.18 billion, an agreement that replaces the two rivals’ planned merger. It also nixes the component of the merger involving Memphis-based Fred’s Inc. buying hundreds of Rite Aid stores to help the now-defunct merger pass regulatory muster.

66. Global Cyberattack May Have Aimed For Havoc, Not Extortion -

PARIS (AP) – The cyberattack that has locked up computers around the world while demanding a ransom may not be an extortion attempt after all, but something more sinister: an effort to create havoc in Ukraine, security experts say.

67. Barksdale Fertilizes Relationships Through Agriculture -

William Barksdale is just off a trip to China, but he’s reminiscing about the Mississippi Delta. On sultry summer days spent alongside his father, walking the rows of soybean and cotton fields, Barksdale grew into an awareness of the nobility of farming – the simple grace involved in raising crops that will feed and clothe people.

68. Last Word: A Second Juvenile Court Letter, Fred Smith's Tax Plan and Memphis Hops -

A group of 19 organizations including the Memphis Branch NAACP and 28 citizens sent a letter Tuesday to U.S. Attorney General Jeff Sessions urging him to keep in place Justice Department oversight of Juvenile Court. The 12-page letter is a point-by-point detailed response to the June 9 letter from County Mayor Mark Luttrell, Juvenile Court Judge Dan Michael and Sheriff Bill Oldham asking Sessions to end the memorandum of agreement between county government and the Justice Department.

69. Ukraine Security Expert Fears for 'Whole World' -

NEW YORK (AP) — The Latest on a widespread cyberattack that is affecting companies and government systems (all times local):

3 p.m.

The head of a top Ukranian cybersecurity firm says it's too early to say if his country was singled out as the prime target but that its institutions, long a target of Russian hackers, may have been compromised through attrition.

70. Last Word: Harold Ford Jr. on Change, Tourism Turns a Corner and Sim at UTHSC -

Very different outlooks along party lines still in our delegation to Washington over the Senate’s version of Trumpcare.

On the day the Congressional Budget Office estimated the proposal would end health insurance coverage for 22 million Americans, Republican U.S. Sen. Lamar Alexander’s reaction:

71. Qatar Weighs Demands to End Crisis Amid Threat of Long Siege -

DUBAI, United Arab Emirates (AP) — With just days to decide, Qatar on Friday weighed an onerous list of demands by its neighbors as a way out of a regional crisis, and a top Emirati official warned the tiny country to brace for a long-term economic squeeze unless it is willing to acquiesce.

72. FedEx Corp. Reports Strong Q4, Fiscal Year -

Memphis-based FedEx Corp. reported a record Q4 and full-year earnings at its fourth-quarter earnings call Tuesday, June 20.

73. Tennessee Auto Parts Supplier to Lay Off 160 Workers -

DAYTON, Tenn. (AP) – An auto parts supplier says it will lay off 160 people in Tennessee as it moves some business operations to another plant in the Midwest.

International Automotive Components spokesman David Ladd tells the Chattanooga Times Free Press the layoffs at the facility in Dayton, Tennessee will impact 138 permanent employees and 22 temporary workers.

74. Commercial Appeal Plans to Move, To Sell Union Property -

The Commercial Appeal building and site at 495 Union Avenue is for sale, the newspaper announced Monday, June 19, on its website.

75. Amazon Deal for Whole Foods Could Bring Retail Experiments -

NEW YORK (AP) – Online retail giant Amazon is making a bold expansion into physical stores with a $13.7 billion deal to buy Whole Foods, setting the stage for radical retail experiments that could revolutionize how people buy groceries and everything else.

76. Feds Point Fingers as 'Debt Relief' Cos. Prey on Students -

Fraudulent "debt relief" companies are preying on the most vulnerable of the 44 million people with student loans, as federal officials dispute who's to blame and what to do, a NerdWallet investigation has found.

77. County Commission Debates 3-Cent Tax Rate Cut -

Shelby County Commissioners approved a 3-cent reduction in the county property tax rate Monday, June 12, on the first of three readings but delayed a vote on the operating budget resolution for more discussion about how to account for the tax-rate cut.

78. Last Word: After the Last Hole, Cutting County Property Taxes and A Recycled Gown -

The story of how the Overton Park Conservancy raised $1 million in two months didn’t go according to the script. It wasn’t large donors, it was a lot of contributions of $250 or less it turns out, many from people who have never been to the park, the zoo or the greensward in particular whether it’s on foot or in a car. There were donations from Puerto Rico, the District of Columbia and every state, except South Dakota.

79. County Commission Continues Tax Cut Calculations -

Shelby County Commissioners approved a three-cent reduction in the county property tax rate Monday, June 12, on the first of three readings but delayed a vote on the operating budget resolution for more discussion about how to account for a cut in the tax rate.

80. Apple CEO to MIT Grads: Tech Without Values is Worthless -

CAMBRIDGE, Mass. (AP) – Science is worthless if it isn't motivated by basic human values and the desire to help people, Apple CEO Tim Cook told graduates of the Massachusetts Institute of Technology on Friday, urging them to use their powers for good.

81. The Health Of Care -

There's a school of thought in some industries that says it's ideal to have a narrow focus, to pick just one or a few things to excel at and not try to be all things to all people – that when you do so and go broad, you’re likely to end up instead being a master of nothing.

82. Nordstrom Family Considering Buyout of Department Store -

NEW YORK (AP) – Members of the Nordstrom family including co-presidents Blake, Peter and Erik Nordstrom are considering making an offer to buy out the 70 percent of the department store's stock they don't already own.

83. Jerry’s Sno Cones Files Permit for Cordova Shop -

In this week’s Real Estate Recap, one of the most iconic dessert spots in Memphis gets ready to expand, Crosstown Concourse is getting ready for its official grand opening and FedEx Ground upgrades its diesel facility...

84. MRG Wraps Up Renovations At Strafford Place Apts. -

Makowsky Ringel Greenberg LLC has finished renovating 36 apartment units in its Midtown apartment complex, Strafford Place.

85. Great Clips Eyeing Dozens Of Stores In Memphis Area -

Since 1982 Great Clips has opened up more than 4,000 salons across the U.S. and Canada and now has its sights on the Memphis market.

“With more than a million people living in the greater Memphis market, this is very similar to some of the other 180-plus markets where we cut hair,” Great Clips Chief Operating Officer Rob Goggins said. “Since we have a strong presence in nearby markets, it was an obvious choice to continue our expansion into the Memphis market.”

86. Jobs Data Could Signal Shortage of Qualified Workers to Hire -

WASHINGTON (AP) – Are employers starting to run out of workers to hire?

A hiring pullback reported in Friday's U.S. jobs data for May raises that prospect. The economy added just 138,000 jobs, which was still high enough to help cut the unemployment rate to a 16-year low of 4.3 percent. With the recovery from the Great Recession having reached its eighth year, hiring is gradually weakening.

87. US Employers Add Modest 138K Jobs; Rate Dips to 4.3 Percent -

WASHINGTON (AP) – U.S. employers pulled back on hiring in May by adding only 138,000 jobs, though the gains were enough to help nudge the unemployment rate down to a 16 year-low.

The Labor Department said Friday that the jobless rate fell to 4.3 percent the lowest level since 2001, from 4.4 percent. Still, the rate declined mainly for a less-than-encouraging reason: People stopped looking for work in May and so were no longer counted as unemployed.

88. Two Local Families Looking to Develop ‘Jewel' of East Memphis -

Building a boutique corporate headquarters on a heavily wooded tract of land near Dixon Gallery and Gardens would stand in stark contrast to the more urban feel of a project on Poplar Avenue like TraVure, but that’s what makes this East Memphis location so special.

89. International Medical Corps’ Portable Hospital Finds Home At FedEx -

Valued at more than $2 million, International Medical Corps’ massive field hospital has yet to save even a single life since it was constructed five years ago.

That could soon change, however, with the addition of FedEx.

90. Barbecue Restaurant Scene Heats Up in Memphis -

Memphis has enjoyed a bumper crop of barbecue restaurant news in recent weeks, from tweaks to some business’ existing locations and plans by others to expand. And that trend isn’t letting up anytime soon.

91. Sears Revenue Continues Decline Amid Tough Landscape -

NEW YORK (AP) – Sears' extended decline in sales persisted during the first quarter and the storied retailer vowed to make additional spending cuts to offset its slowing business.

The company's operating loss widened to $222 million, or $2.15 per share, on weak sales. Sears Holdings has been closing stores and selling brands long affiliated with Sears, including Craftsman. A year ago the company reported a loss of $181 million.

92. AutoZone Downgraded After Disappointing Q3 -

Analysts downgraded shares of auto parts retail giant AutoZone on Tuesday, May 23, after the company reported a second straight quarter of weaker earnings and sales for its fiscal third quarter.

Raymond James Financial Inc. lowered its rating on AutoZone’s stock from “strong buy” – which it attached to AutoZone back in September 2007 – to “market perform.”

93. Trucking Companies Say Additional Fuel Costs Worth It for Improved Infrastructure -

Donnie Caldwell figures that the increase in the state gas tax that will begin this summer will cost his company more than $315,000 a year.

94. LifeSigns Turns 25 With Continued Focus on Preventive Health Care -

A Memphis health care company that was at the forefront of preventive care is turning 25 this year. LifeSigns, owned by The Prevention Group, started offering comprehensive executive physicals to Memphis’ large corporations in 1992 to give big companies an alternative to sending their executives to places like The Mayo Clinic in Rochester, Minnesota.

95. Wal-Mart Sees Online Sales Surge, More Shoppers at Stores -

BENTONVILLE, Ark. (AP) – Wal-Mart saw online sales surge as it changed up its shipping offers, and drew more shoppers to its stores as well in the most recent quarter even as retail overall is more competitive.

96. EDGE Approves Trio of Tax Incentives -

The Economic Development Growth Engine board has granted tax incentives for a pair of Presidents Island manufacturing operations and a South Memphis health care company that together will result in the creation of 126 jobs and capital investments topping $140 million.

97. NouriTech, Cargill Awarded Tax Incentives for Memphis Facilities -

Two President’s Island manufacturing operations, NouriTech’s new gas fermentation facility and Cargill’s corn mill, were awarded a pair of PILOTs from the Economic Development Growth Engine for Memphis and Shelby County.

98. Google Rolling Out Arsenal of Services, Gadgets -

MOUNTAIN VIEW, Calif. (AP) – Google provided a look at its latest digital offerings, with a heavy focus on its efforts to extend artificial intelligence features into more of its apps and services.

99. Another Round of Premium Hikes: Blame Trump or Obama? -

WASHINGTON (AP) – Another year of big premium increases and dwindling choice is looking like a distinct possibility for many consumers who buy their own health insurance – but why, and who's to blame?

100. Dozens of Countries Hit By Huge Cyberextortion Attack -

NEW YORK (AP) – Dozens of countries were hit with a huge cyberextortion attack Friday that locked up computers and held users' files for ransom at a multitude of hospitals, companies and government agencies.