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1. Sirius XM Buys Stake in Music Streaming Site Pandora
- Monday, June 12, 2017
NEW YORK (AP) – Pandora is raising cash to help it take on Spotify and other streaming music services.
The online music service is selling a 19 percent stake in its business to satellite radio company Sirius XM for $480 million. Pandora will pay a $22.5 million breakup fee to private equity firm KKR for breaking up a previously agreed $150 million deal.
2. Memphis Banks Build Brand Awareness Via Marketing, Community Investments
- Saturday, June 3, 2017
As a complement to traditional advertising, one way banks like Regions Bank, First Tennessee Bank and Pinnacle Financial Partners promote their brands in the local community is by spreading money around to everything from charitable causes to putting their name and logos on buildings and events.
3. PFM Group Promotes Lowe To Managing Director
- Wednesday, May 18, 2016
Lauren Lowe has been promoted to managing director of The PFM Group, a leading provider of independent financial and investment advisory services to state and local governments and not-for-profit institutions. Based in PFM’s Memphis office, Lowe serves the firm’s municipal advisory clients. Her areas of expertise include debt transactions and structuring, strategic planning, pricing and cash flow analysis as well as advising many of her local government clients on policy development.
4. Apple Wants a Lead Role in Streaming Music
- Tuesday, June 9, 2015
SAN FRANCISCO (AP) – Apple's iTunes helped change the way music-lovers bought their favorite songs, replacing plastic discs with digital downloads. Now the maker of iPods and iPhones wants to carve out a leading role in a revolution well under way, with a new, paid streaming-music service set to launch this summer.
5. Daily News Names Managing Editor
- Wednesday, March 18, 2015
Jane A. Donahoe has joined The Daily News Publishing Co. as managing editor. In her new role, she oversees award-winning coverage of business and government news for both The Daily News and The Memphis News.
6. Return to Value
- Wednesday, April 16, 2014
Last week, we discussed that the wrestling match between stimulus and global debt deleveraging will continue to create anxiety and volatility for investors. Viewing the world through this prism helps to clarify seemingly baffling market movements.
7. Samsung Introduces Free Streaming Radio Service
- Monday, March 10, 2014
NEW YORK (AP) – Samsung on Friday unveiled a new free music service for its phones that it touts as a significant improvement from the apps already on the market.
The South Korean gadget maker's Milk Music service, which launched in the U.S. on Friday, includes over 200 stations and 13 million songs. It's designed to be extremely fast, easy to use and highly customizable.
8. Gold Strike Promotes Slade to PR Manager
- Wednesday, January 8, 2014
Elizabeth Slade has been promoted to public relations manager at Gold Strike Casino Resort. In her new role at the MGM Resorts International property, Slade will lead in developing and executing integrated marketing communication plans with components such as media relations, social media strategy, community partnerships and brand management.
9. Outreach Blitz Underway for Arkansas Insurance Exchange
- Thursday, July 25, 2013
A $24 million marketing and outreach blitz underway in Arkansas will train hundreds of workers about how to sign up for the state’s insurance marketplace under the federal health care law and pay for ads at hundreds of gas pumps.
10. Many Questions Raised Before Going Public
- Monday, April 16, 2012
As Facebook prepares for its multibillion-dollar initial public offering (IPO) next month, it sheds light on how companies – including local ones – decide whether to go public or not.
Memphis-based pharmaceutical company GTx Inc. went public in 2004 and local paper producer Verso Paper Corp. held its IPO in 2008, but the overall number of publicly traded companies both locally and nationally has dropped over the past two decades.
11. Facebook Leaning Toward Nasdaq, Reports Say
- Monday, April 9, 2012
NEW YORK (AP) – Facebook will list its shares with Nasdaq, according to media reports.
That would be a big win for the Nasdaq, which competes fiercely with NYSE Euronext Inc., especially for an initial public offering as large as Facebook's, pegged at $5 billion.
12. Yelp Looking for $12 to $14 per Share in IPO
- Monday, February 20, 2012
SAN FRANCISCO (AP) – Online review service Yelp rated its own business Thursday, setting an IPO target of $12 to $14 per share that could value the 7-year-old company as high as $840 million.
13. Status Update: Facebook to Go Public, Raise $5B
- Thursday, February 2, 2012
NEW YORK (AP) – Facebook made a much-anticipated status update Wednesday: The Internet social network is going public eight years after its computer-hacking CEO Mark Zuckerberg started the service at Harvard University.
14. European Finan. Crisis Tops AP Picks of '11 Biz Stories
- Thursday, December 22, 2011
NEW YORK (AP) – Europe took the financial world on a stomach-churning ride in 2011.
The rising threat of default by heavily indebted European countries spread fear across financial markets and weighed on economies worldwide. As the year came to a close, banks and investors nervously watched Europe's political and financial leaders scramble to prevent the 17-nation eurozone from breaking apart.
15. FarmVille Creator Hopes to Raise About $1B in IPO
- Monday, December 5, 2011
NEW YORK (AP) – Hoping to harvest some fresh cash, the online game company behind "FarmVille" said Friday that it plans to raise $1 billion in an initial public offering of up to 100 million shares.
16. Report Says Facebook Seeks $10 Billion in IPO
- Wednesday, November 30, 2011
NEW YORK (AP) – Facebook might finally be laying down the groundwork for a highly anticipated initial public offering, long expected to take place sometime after April 2012.
The Wall Street Journal is reporting that the world's largest online social network is looking to raise as much as $10 billion in its IPO. The Journal cited people familiar with the matter but did not identify them by name.
17. Clear Channel Cuts Jobs in Regional Reorganization
- Monday, October 31, 2011
LOS ANGELES (AP) – Clear Channel Communications Inc. said Friday that it had dismissed some on-air and off-air staff earlier this week, in a reshaping of its regional and local programming that should enable it to seek out advertisers focused on areas wider than a single market.
18. Pandora Gains Point to Healthy Internet IPO Future
- Friday, June 17, 2011
SAN FRANCISCO (AP) – Internet radio station Pandora Media's IPO struck the right chord with investors Wednesday despite the static in the overall stock market.
Pandora's shares surged by as much 63 percent in their market debut before pulling back later in the session. The stock closed at $17.42, still a decent gain amid the market's broader decline. It marked a 9 percent increase from Pandora's initial public offering price of $16 and a nearly six-fold increase from what Pandora's own board thought the stock was worth just six months ago.
19. Pandora Raises IPO Offering Price Range
- Monday, June 13, 2011
NEW YORK (AP) – Pandora raised the price range of its initial public offering Friday by at least a third and boosted the number of shares to be sold by as many as a million, demonstrating again a seemingly insatiable demand from investors for a stake a new slate of Internet companies.
20. Visible School Puts Faith In Christian Music
- Wednesday, March 10, 2010
Amid an industry in a tailspin, the Visible School in Memphis has put its faith in Christian music.
And while labels flounder nationwide, some industry veterans see opportunity in the move.
“Business is all down,” said Jim Van Hook, a veteran Christian music executive in Nashville. “Across the board, a hit record is 50 percent of what it used to be. Christian music is not an exception. We had to shift from an old business model to a new one.”
21. Judge to Weigh Priest Abuse Revelations
- Friday, April 3, 2009
Circuit Court Judge Charles McPherson will determine what details should be made public in court records from a civil lawsuit involving the sexual abuse of a teenager by a Memphis priest.