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Editorial Results (free)

1. Microsoft Opens Wallet to Extend Internet in Remote Areas -

SAN FRANCISCO (AP) – Microsoft has joined other tech giants working to deliver the Internet in remote parts of the world, although it's taking a smaller-scale approach than some of its rivals.

2. Memphis Economist: 'I Don’t Believe in National Economies Anymore' -

The day after Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd met with officials in Shanghai as part of an economic development trip to Asia, Michael Drury shared with an audience of business professionals his idea about national economies.

3. Tennessee Leads the Nation in Bankruptcies -

Tennessee has a model program for financial literacy in its public schools. All high school students must pass a personal finance course to graduate, and even kindergartners are learning about money under a new initiative to extend the curriculum to primary school.

4. RegionSmart Details How to Prevent Erosion of Talent, Population -

During his three terms as mayor of Pittsburgh, Tom Murphy had to assume a great deal of risk in transforming the city’s economy from an industrial to an entrepreneurial base.

5. Memphis Banking Market Finding Renewed Equilibrium -

It took about 10 minutes for First Tennessee Bank’s parent company to wrap up its annual meeting of shareholders this week.

6. BancorpSouth Adds Universal Banker Model at New Memphis Branch -

When new bank branches are built and opened in Memphis, they increasingly resemble not the traditional branches of yesterday, but something new.

Case in point is BancorpSouth’s new branch at 40 N. Pauline, serving Downtown and Midtown, which opened a few weeks ago. The model it’s built around is the buzzy “universal banker” trend that’s now popular around the city and beyond.

7. Canadian Pacific Says Railroads Will Need Mergers in Future -

OMAHA, Neb. (AP) – The CEO of Canadian Pacific still thinks railroad mergers are needed if the industry is to handle more freight, even after the company's bid for Norfolk Southern crumbled under stiff resistance.

8. Mid-South Mayors Don’t See Barriers In Regionalism -

It took the Mississippi River’s devastating flood in 2011 for Mid-South leaders to consider greater collaboration among the area’s 10 counties and three states.

Mid-South mayors came together to plot their way out of disaster, and that convening set the stage for a formal alliance, the Mid-South Mayors’ Council.

9. Omni Charter School Buys Permanent Home -

3385 Austin Peay Highway
Memphis, TN 38128

Sale Amount: $1.3 million

Sale Date: Feb. 26, 2016

10. Southwind Home Values Up 5 Percent in 2015 -

Southwind-Windyke B, one of the areas most recently annexed by the city of Memphis, figured prominently in the Tennessee Legislature’s recent consideration of a bill to allow de-annexation by referendum.

11. Omni Prep Academy Buys New Location -

Omni Prep Academy has purchased the Raleigh Presbyterian Church across from the Raleigh Springs Mall.

In a February 26 warranty deed, JTP Ventures LLC and SLS Ventures LLC sold the property to Omni Schools, Inc. The 39,312-square-foot building at 3385 Austin Peay Highway went for $1.3 million.

12. Omni Prep Academy Buys New Location -

Omni Prep Academy has purchased the Raleigh Presbyterian Church across from the Raleigh Springs Mall.

In a February 26 warranty deed, JTP Ventures LLC and SLS Ventures LLC sold the property to Omni Schools, Inc. The 39,312-square-foot building at 3385 Austin Peay Highway went for $1.3 million.

13. Federal Officials Monitoring Sewage Spill in Memphis’ Cypress Creek -

MEMPHIS, Tenn. (AP) – A broken sewage line is dumping up to 50 million gallons of untreated wastewater per day into a Mississippi River tributary in Tennessee, and federal environmental officials said Friday they are monitoring the situation.

14. Federal Officials Monitoring Sewage Spill in Memphis’ Cypress Creek -

MEMPHIS, Tenn. (AP) – A broken sewage line is dumping up to 50 million gallons of untreated wastewater per day into a Mississippi River tributary in Tennessee, and federal environmental officials said Friday they are monitoring the situation.

15. Events -

Mid-South Association for Financial Professionals will meet Thursday, March 24, from 11:30 a.m. to 1 p.m. at Regions Bank, 6200 Poplar Ave. Rene Bustamante, staff VP and assistant treasurer of global cash management for FedEx Corp., will present “How to Become a Strategic Treasurer Organization.” Register at midsouthafp.org.

16. Events -

Tennessee Small Business Development Center will host a workshop on government contracting Thursday, March 24, from 9 a.m. to 11 a.m. at the Renaissance Business Center, 555 Beale St. The University of Tennessee’s Procurement Technical Assistance Center will teach small-business owners how to successfully compete for government contracts. Cost is free; registration required. Visit tsbdc.org/training for details.

17. Events -

Rhodes College will host Tanisha C. Ford of the University of Massachusetts Amherst for a lecture titled “This Ain’t Yo Mama’s Civil Rights Movement: A New Perspective on the Style Politics of the 1960s” Tuesday, March 22, at 7 p.m. in Blount Auditorium of Buckman Hall on campus, 2000 North Parkway. Free and open to the public. Direct inquiries to Charles McKinney at mckinneyc@rhodes.edu or 901-843-3525.

18. Events -

Livable Memphis will unveil its “Citizens Guide for Improving Your Park” during its monthly Pizza With Planners meeting on Monday, March 21, from 5:30 p.m. to 7 p.m. at the Memphis Leadership Foundation, 1548 Poplar Ave. Copies of the guide will be available for attendees; an online version is slated for later release. Learn more and RSVP at livablememphis.org.

19. Last Word: Weekend on the Greensward, Huey's Graffiti Wall and Look Out Lynchburg -

The first weekend since the Memphis City Council vote on the Overton Park Greensward was an eventful one on the greensward.

Here is our dispatch from Saturday.
The overflow zoo parking took up more of the greensward on Sunday afternoon.
As we reported, there were some sporadic attempts at sit-ins but no arrests. The cars were directed to park around the protesters in those cases.
The effort to get zoo visitors to park on street in the neighborhood west of the zoo picked up some steam over the weekend as well.

20. Regions Brings New Format, Technology to New Branches -

When Regions Bank holds the grand opening for its new Downtown branch at 88 Union Ave. on March 17, one of the things on display will be a vision of what Regions sees as the future of banking.

21. Fed Survey Finds Weaker Exports Hurting Manufacturers -

WASHINGTON (AP) – The economy was expanding in most of the country in January and February, helped by gains in consumer spending and home sales. But there were also rising headwinds from falling oil prices and a strong dollar that held back some sectors, the Federal Reserve said Wednesday.

22. Former Louisville Mayor To Keynote RegionSmart -

A council of mayors from the Memphis region will hold a summit in Memphis April 28 that will include the White House director of intergovernmental affairs, who also is a five-term mayor of Louisville, Ky.

23. Zuckerberg to Press On With Internet Access Despite Setback -

BARCELONA, Spain (AP) – Facebook CEO Mark Zuckerberg vowed Monday to press on with his 3-year-old effort to bring the developing world online, even after Indian regulators banned one of the pillars of the campaign.

24. FDA Sets Guidelines to Protect US Blood Supply From Zika -

WASHINGTON (AP) – The Food and Drug Administration is recommending U.S. blood banks refuse donations from people who have travelled to countries where the Zika virus is active in the previous four weeks, part of guidelines meant to protect the blood supply from the mosquito-borne virus.

25. Workforce Effort Leaders Talk About Skills Gap -

Before Olympus Corp. announced last month its plan to locate a service and distribution center in Bartlett, a bigger medical device manufacturing company was on the hook for the town.

26. FedEx Targets $200M in Giving By Decade’s End -

Memphis-based FedEx has decided to approach its corporate giving in a new way, one focused on figuring out how to use its assets to make the biggest possible impact in communities.

The company announced this week it’s planning to invest $200 million in more than 200 communities by the end of the decade, part of a new global giving platform – FedEx Cares – the logistics giant has unveiled.

27. Mid-South Mayors to Host RegionSmart Summit -

More than 200 local leaders from the government, economic development, planning, architecture and engineering sectors will come together this April to collaborate on the challenges and opportunities confronting the Mid-South right now.

28. Mid-South Mayors to Host RegionSmart Summit -

More than 200 local leaders from the government, economic development, planning, architecture and engineering sectors will come together this April to collaborate on the challenges and opportunities confronting the Mid-South right now.

29. Ford's 2015 Pretax Profit Jumps on Stronger sales -

DEARBORN, Mich. (AP) — Higher sales in most of the world helped Ford Motor Co. achieve a record pretax profit in 2015, but investors remain skittish that the good news won't keep coming.

30. US Pending Home Sales Inch Up in December -

WASHINGTON (AP) — The number of people signing contracts to purchase homes managed to inch up last month, thanks to unseasonably warm weather in the Northeast.

The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index crept up 0.1 percent to 106.8. Signed contracts jumped 6.1 percent in the Northeast, while they declined in the other three major U.S. regions.

31. US Homebuilder Confidence Held Steady in January -

WASHINGTON (AP) — Confidence among U.S. home builders held steady in January even though builders' expectations about future sales dipped slightly.

The National Association of Home Builders/Wells Fargo builder sentiment index stood at 60 in January, matching the December reading, the association reported Tuesday.

32. Delta Posts $980 Million 4Q Profit on Lower Fuel Prices -

DALLAS (AP) — Cheaper jet fuel thanks to falling oil prices helped Delta Air Lines earn $980 million in the fourth quarter despite lower revenue than a year ago.

Delta shares rose almost 5 percent in midday trading Tuesday, recovering some of their January losses.

33. Volkswagen CEO Understands 'Impatience' On Emissions Fix -

CHATTANOOGA, Tenn. (AP) – Volkswagen CEO Matthias Mueller told workers at the German automaker's lone U.S. plant in Tennessee that recovering from a diesel emissions cheating scandal "won't be a walk in the park," but that the company is committed to turning around its prospects in what he called a core market.

34. Ikea Brings Sustainability Practices to Memphis -

Sustainability at large businesses sometimes might seem to only focus on buzzwords such as solar panels, carbon footprints and LEED certification.

Those practices are good steps in today’s sustainable world. Sometimes, though, the little things go a long way.

35. Report: 'Substantial' Need to Expand $10M College Program -

NASHVILLE, Tenn. (AP) — The Tennessee Higher Education Commission is asking lawmakers to expand a $10 million grant program that paired employers with colleges to develop academic programs tailored to the needs of local job markets.

36. Evolve Bank Taps New Mortgage Division President -

Evolve Bank & Trust has tapped Doug Miller as the new president of its mortgage division.

He comes to Evolve with nearly 45 years of experience in the mortgage industry, a career that's included working at Wachovia Mortgage, Citicorp Mortgage, Union Planters/Regions Bank and GMAC Bank/Ally Bank.

37. Memphis Banking Officials Brace for Changes In New Year -

As he chatted about the Memphis banking market with a few guests in a conference room at his bank’s headquarters on Quail Hollow Road back in 2010, Magna Bank chairman, president and CEO Kirk Bailey looked into the future and imagined how local mergers must surely be on the way.

38. Chattanooga Nonprofit's Store Filled With Items From Africa -

CHATTANOOGA, Tenn. (AP) – The delicate Nativity scene made from banana leaves folded origami style, the sparkling jewelry, clothes and art in Chattanooga's Amani ya Juu store are created by women in Kenya, Uganda and Rwanda.

39. Evolve Bank Taps New Mortgage Division President -

Evolve Bank & Trust has tapped Doug Miller as the new president of its mortgage division.

He comes to Evolve with nearly 45 years of experience in the mortgage industry, a career that's included working at Wachovia Mortgage, Citicorp Mortgage, Union Planters/Regions Bank and GMAC Bank/Ally Bank.

40. Expect Less and Buy Antacid: 2016 Investment Forecasts -

NEW YORK (AP) — Investing is becoming more of a grind. Expect it to stay that way.

Analysts, mutual-fund managers and other forecasters are telling investors to expect lower returns from stocks and bonds in 2016 than in past years. They're also predicting more severe swings in prices. Remember that 10 percent drop for stocks that freaked investors out in August? It likely won't take another four years for the next one.

41. Athletic Retail Company Plans Sixth Memphis Location -

Alabama-based athletic retail company Hibbett Sports Inc. is planning to open its sixth store in Memphis, the company announced this week.

42. From Hospitals to Startups, 2015 a Big Year for Memphis Health Community -

From groundbreaking research to big-dollar grants and awards, startup launches and breakthrough innovations, Memphis’ health care, life sciences and biotech community took some significant leaps forward in 2015.

43. Athletic Retail Company Plans Sixth Memphis Location -

Alabama-based athletic retail company Hibbett Sports Inc. is planning to open its sixth store in Memphis, the company announced this week.

44. Competition for Jones Lang Lasalle in Tennessee -

Amid debate about privatization within state government, legislators are glad to see Tennessee seeking competition in its building leasing program.

“To me, when you’ve got competition, you’ve got people who may do something for next to nothing just to get their foot in the door,” says state Rep. Mike Sparks, who raised questions about the state’s leasing program and contract with Jones Lang Lasalle, which started charging commissions when it got involved in 2012.

45. Paragon Bank Reports Strong Third-Quarter Results -

Paragon Bank saw record revenues in the third quarter, as well as the highest total loans in the bank’s history and an improved net interest margin, the bank announced this week. The strong quarterly performance stems from a 57 percent drop in nonperforming assets, which are at their lowest levels since 2007, and the continued progress of Paragon's Atlanta-based Small Business Capital Group. Due to increases in Small Business Administration income, mortgage income and solutions product income, core non-interest income for the first three quarters of 2015 increased 82.3 percent over the same period in 2014 to $910,000. Among highlights for the third quarter: • Total revenue for the quarter was $3.3 million, an increase of 3.1 percent over the second quarter of 2015 and 11.8 percent over third quarter 2014. • Nonperforming assets dropped 57 percent during the third quarter, from $5.7 million to $2.5 million. The ratio of nonperforming assets to total assets also dropped from 1.94 percent on June 30 to 0.84 percent on Sept. 30. • Gross loans increased $5.4 million, or 9.2 percent, during the third quarter to reach $237.5 million. Total deposits also increased 8 percent as of Sept. 30, while core deposits have increased 3.3 percent. – Andy Meek Gus's Fried Chicken Named

46. Gus’s Chicken Named Regional Finalist in Competition -

Gus’s World Famous Fried Chicken has been named as a regional finalist for the Best Bite Award in the inaugural US Foods Food Fanatics Awards.

Memphis-based Gus’s was chosen from nearly 1,000 entries and recognized for its 24-hour-marinated, hot and spicy fried chicken.

47. Branching Out -

The building going up at 2504 Poplar Ave., where a construction crew has been making steady progress since Iberiabank filed a $750,000 building permit for it back in April, represents something a bit unusual.

48. Beer Merger Will Not Bring Budweiser, Miller Under Same Roof -

LONDON (AP) — The world's two biggest beer makers will join forces to create a company that produces almost a third of the world's beer. But in the U.S., the deal will not bring arch rivals Budweiser and Miller under the same roof.

49. Regions to Trade Two Downtown Branches for One -

Regions Bank is combining two of its Downtown branches into a new location at 88 Union Ave.

The new 3,500-square-foot location, at the northwest corner of Main Street and Union Avenue, will be renovated over the next few months.

50. LendMed Wants to Track Health Care Sharing -

Through conversations with health care industry professionals, Ryan Freiden saw a need he thought he could fill.

51. US Home Sales Rebound in September After August Slump -

WASHINGTON (AP) — Americans snapped up more homes in September, suggesting that the U.S. housing sector remains insulated from global economic turmoil.

The National Association of Realtors said Thursday that sales of existing homes jumped 4.7 percent last month to a seasonally adjusted annual rate of 5.55 million. Buying activity rebounded after slipping in August, indicating that demand for housing continues despite a series of recent economic hits: stock market declines, falling factory orders, a slowdown in China, struggles in emerging nations such as Brazil and Turkey, and stagnation in Europe.

52. Study Suggests Video Games Could Have Health Benefits -

The conventional wisdom might hold that playing video games is at best a pleasant diversion and at worst a form of entertainment that rots your brain. But new research led by St. Jude Children’s Research Hospital has come to a far different conclusion.

53. Haslam Raises Questions About 'Religious Doctrine' Bill -

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam is raising questions about a legislative proposal to ban Tennessee schools from teaching about "religious doctrine" before the 10th grade, saying it could have unexpected consequences.

54. First Horizon Set to Buy Back Shares, Keep Lid on Expenses -

The week’s end found the chairman and CEO of First Tennessee Bank’s parent company in a bit of a philosophical mood about his financial institution, First Horizon National Corp., as well as the industry as a whole.

55. Top Beer Makers to Join Forces to Face Industry Challenges -

BRUSSELS (AP) — The world's biggest beer maker clinched a deal Tuesday to take over its nearest rival in a bid to stave off the megabrewers' most serious problems: the surge in popularity of craft brews and weakening sales in the rich markets of the U.S. and Europe.

56. Tennessee Bill Seeks to Curtail Teaching of 'Religious Doctrine' -

NASHVILLE, Tenn. (AP) – A state Republican lawmaker is proposing legislation that would ban teaching Tennessee public school students "religious doctrine" until they're in high school.

57. Events -

Phillip Ashley Chocolates will host a Spectrum tasting event Thursday, Oct. 15, from 6 p.m. to 8 p.m. at Jay Etkin Gallery, 942 S. Cooper St. The tasting will feature seven flights of chocolate paired with seven varieties of whiskey, plus live music and hors d’oeuvres. Cost is $60. Visit phillipashleychocolates.com/spectrum for tickets.

58. Events -

43rd annual Pink Palace Crafts Fair will be held Friday through Sunday, Oct. 9-11, in Audubon Park. Shop for artisan crafts and enjoy live music, artists demonstrations, family activities and more. Visit memphismuseums.org for hours and ticket prices.

59. FDIC Report: Little Change in Local Banking Market -

The landscape of the Memphis-area banking market hasn’t changed much since last year, according to a newly released yearly report from the Federal Deposit Insurance Corp.

60. FDIC Report: Little Change in Local Banking Market -

The landscape of the Memphis-area banking market hasn’t changed much since last year, according to a newly released yearly report from the Federal Deposit Insurance Corp.

61. Memphis Nabs Nonstop Flight to New Orleans -

Traveling to the Big Easy just got easier with announcement of a new carrier to Memphis International Airport.

GLO, a New Orleans-based startup founded in 2013, announced 12 weekly nonstop flights between Louis Armstrong New Orleans International Airport and Memphis.

62. CEO Retires as Lifeblood Joins Blood Systems -

After guiding a six-year turnaround of the Memphis region’s blood bank, Susan Berry-Buckley has announced her retirement as CEO of Lifeblood, effective Sept. 30.

Coinciding with her retirement, Lifeblood on Oct. 1 will become part of Blood Systems, a national nonprofit that operates community blood centers serving more than 700 hospitals in 22 states.

63. Berry-Buckley Retires as Lifeblood Joins Blood Systems -

After guiding a six-year turnaround of the Memphis region’s blood bank, Susan Berry-Buckley has announced her retirement as CEO of Lifeblood, effective Sept. 30.

Coinciding with her retirement, Lifeblood on Oct. 1 will become part of Blood Systems, a national nonprofit that operates community blood centers serving more than 700 hospitals in 22 states.

64. Magna Bank Prepares for New Memphis Identity -

Magna Bank in Memphis isn't set to open for business with a new name above the door for a couple more months, now that its acquisition by Nashville-based Pinnacle Financial Partners has officially closed.

65. Fed Report Finds Economy Growing at Moderate Pace in Summer -

WASHINGTON (AP) — While U.S. housing and auto sales showed strength over the summer, manufacturers were feeling pressure from China's economic slowdown and the oil industry was squeezed by lower energy prices.

66. Playing the Pullback -

After four years of up, markets have quickly entered correction territory. Unfortunately, since most investors operate with short memories, the current pullback feels major since recent comparisons have been minor. However, markets corrections don’t presage negative annual returns.

67. Shelby County Mortgage Market Up 25 Percent in July -

As David May sees it, the Memphis-area real estate market is in the fortunate position of dealing with a bounty of positive surprises lately.

One example the West Tennessee area president for Regions Bank points to deals with home values. Four or five years ago, he explains, if Regions was in the midst of setting up a home equity loan or a refinance for a borrower and ordered an appraisal, the figure that came back was often a negative surprise.

68. Detroit Newspaper Wins Appeal Over Getting Federal Mug Shots -

DETROIT (AP) — The government must release mug shots of federal criminal defendants in Michigan and three other states, including Tennessee, an appeals panel said Wednesday in a clash over privacy and public records.

69. Wunderlich Taps New General Counsel -

Memphis-based investment firm Wunderlich Securities has named James Ritt as its new chief compliance officer and general counsel.

He has 30 years of experience in the securities industry, including serving as general counsel for Memphis-based Morgan Keegan from 1998 to 2012. More recently, he served as general counsel and chief legal officer for Birmingham-based Sterne Agee Group from 2012 to 2014.

70. Regions Wealth Executive Talks Expansion, Growth Opportunities -

Travis LeMonte has been on the job for a little more than two months, but the executive leading Regions Private Wealth Management in West Tennessee already is talking expansion and adding to his team’s wealth management firepower.

71. Wunderlich Taps New General Counsel -

Memphis-based investment firm Wunderlich Securities has named James Ritt as its new chief compliance officer and general counsel.

He has 30 years of experience in the securities industry, including serving as general counsel for Memphis-based Morgan Keegan from 1998 to 2012. More recently, he served as general counsel and chief legal officer for Birmingham-based Sterne Agee Group from 2012 to 2014.

72. Regions Adds to Wealth Management Team -

Regions Bank has added a few new professionals to Regions Private Wealth Management in Memphis.

Amy O’Bannon and Holly Clark have joined as wealth advisers.

73. West-Ward Pharmaceutical Plans Distribution Center Expansion -

4750 Pleasant Hill Road
Memphis, TN 38116
Loan Amount: $6.1 million

74. Study Says West Tennessee Economy Has Lagged -

West Tennessee’s economy has been lagging behind other regions in the state but is starting to make inroads in employment growth and technology-related hirings, a new report says.

The region’s mayors and economic development officials met Thursday at Jackson State Community College to review the report, The Jackson Sun reported. The study was financed by a $50,000 grant given by the Tennessee Department of Labor and Workforce Development.

75. US Home Sales Surged in June to Fastest Pace in 8-Plus Years -

WASHINGTON (AP) — Americans bought homes in June at the fastest rate in over eight years, pushing prices to record highs as buyer demand has eclipsed the availability of houses on the market.

76. Charles Hughes to Head Rhodes’ Memphis Center -

Dr. Charles L. Hughes has been named director of Rhodes College’s Memphis Center, an academic hub focused on the human experience of the Memphis and Mid-South region. He will be teaching classes on Memphis history and culture, coordinating student projects and developing programs, and also will be continuing his own research on the area.

77. Fed Survey Finds Economic Growth in All Regions of US -

WASHINGTON (AP) – The U.S. economy was expanding in all regions of the country in the late spring, aided by strong sales of autos and other consumer goods.

In its latest survey of business conditions, the Federal Reserve said Wednesday that some of its regions reported that lower energy prices were encouraging consumers to shop and eat out more. Growing sales of homes and commercial real estate also boosted the economy.

78. Sisters Carry On Father’s Legacy at Bancroft Leasing -

For the Bancroft sisters, talking about best-fit leasing options for agricultural equipment comes as easily as navigating the Memphis streets they've known all their lives. Together, the pair make up the second generation of Bancroft Leasing, an equipment leasing brokerage company started by their father, Charlie Bancroft, in 1977.

79. Dollar Tree Completes $8.5 Billion Purchase of Family Dollar -

NEW YORK (AP) – Dollar Tree has completed its $8.5 billion acquisition of rival discount chain Family Dollar after a year-long struggle that drew in antitrust regulators and rival bids.

80. Mark Mosteller Joins Evolve Bank & Trust -

Mark E. Mosteller Sr. recently joined Evolve Bank & Trust as executive vice president, accounting and finance.
The new role includes a variety of responsibilities, including management of the accounting and finance department team, accounting internal controls, internal and external financial reporting, budgeting and forecasting, taxes and treasury management. Mosteller also works with senior and executive management and the board on accounting, finance and operational issues.

81. Solana Senior Living Facility Sells for $65.5 Million -

8199 Poplar Ave.
Germantown, TN 38138

Sale Amount: $65.5 million

Sale Date: May 27, 2015

82. Regions Bank Taps New Area Wealth Executive -

Regions Bank has tapped Travis LeMonte to be its new area wealth executive for Regions Private Wealth Management in West Tennessee.

83. YMCA of Memphis Buys Downtown YMCA for $2.9M -

The YMCA of Memphis & the Mid-South has purchased the Fogelman Downtown YMCA for $2.9 million, according to public records.

YMCA acquired the building at 245 Madison Ave. from Forum 245 Madison LLC, according to a May 27 warranty deed. In conjunction with the purchase, the organization filed a $2.1 million loan with Regions Bank, according to a May 26 deed of trust. Keith Johnson, president and chief executive of the YMCA of Memphis & the Mid-South, signed the deed of trust.

84. Fed Sees Moderate Economic Growth Around Country This Spring -

WASHINGTON (AP) – The U.S. economy was growing at a moderate pace in most regions of the country in April and May, as consumers ramped up spending at retailers and auto dealers, the Federal Reserve said Wednesday.

85. YMCA of Memphis Buys Downtown Facility for $2.9 Million -

The YMCA of Memphis & the Mid-South has purchased the Fogelman Downtown YMCA for $2.9 million, according to public records.

YMCA acquired the building at 245 Madison Ave. from Forum 245 Madison LLC, according to a May 27 warranty deed. In conjunction with the purchase, the organization filed a $2.1 million loan with Regions Bank, according to a May 26 deed of trust. Keith Johnson, president and chief executive of the YMCA of Memphis & the Mid-South, signed the deed of trust.

86. Regions Bank Taps New Area Wealth Executive -

Regions Bank has tapped Travis LeMonte to be its new area wealth executive for Regions Private Wealth Management in West Tennessee.

87. AutoZone Park Ranked No. 2 in Minor Leagues -

When AutoZone Park opened in 2000, with an exhibition game against the St. Louis Cardinals, it was the undisputed best ballpark below the major leagues. Before the first pitch was ever thrown, everyone from then-Cardinals manager Tony La Russa to then-beloved slugger Mark McGwire raved about the gorgeous new ballpark at Third Street and Union Avenue.

88. Events -

Mid-South Association for Financial Professionals will meet Thursday, May 21, from 11:30 a.m. to 1 p.m. at Regions Bank, 6200 Poplar Ave. Memphis Mayor A C Wharton Jr. will discuss jobs and economic growth for the city of Memphis. Register at midsouthafp.org.

89. Events -

Sales and Marketing Society of the Mid-South will meet Wednesday, May 20, from 11:30 a.m. to 1 p.m. at Chickasaw Country Club, 3395 Galloway Ave. Bill Piper with Sandler Training will present “The Buyer Seller Dance.” Cost for nonmembers is $30 in advance or $35 at the door. Visit sms-midsouth.org.

90. Events -

The Center City Development Corp. board will meet Wednesday, May 20, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

91. AutoZone Park Ranked No. 2 Among Minor League Parks -

When AutoZone Park opened in 2000, with an exhibition game against the St. Louis Cardinals, it was the undisputed best ballpark below the major leagues. Before the first pitch was ever thrown, everyone from then-Cardinals manager Tony La Russa to then-beloved slugger Mark McGwire raved about the gorgeous new ballpark at Third Street and Union Avenue.

92. Events -

The Orpheum Theatre will present “Kinky Boots” Tuesday, May 19, through May 24 at the theater, 203 S. Main St. Visit orpheum-memphis.com or call 901-525-3000 for showtimes and tickets.

93. Memphis Is No. 2 ‘Sneeziest and Wheeziest’ City -

The Memphis area is ranked as the country’s second worst city for exposure to ragweed pollen and ozone pollution that can worsen respiratory allergies and asthma, according to the Natural Resources Defense Council.

94. Events -

Dixon Gallery and Gardens will host Art After Dark: Movie Night Thursday, May 21, at Dixon, 4339 Park Ave. Bring a blanket and lawn chairs for live music at 6 p.m. and a screening of “The Big Lebowski” at 8 p.m. Free popcorn; wine, beer and soda available for purchase. Admission is free for members and $5 for nonmembers. Visit dixon.org.

95. East Tennessee’s Endangered 8 -

The East Tennessee Preservation Alliance’s list of endangered heritage sites for the region:

1. The Stonecipher-Kelly House in Morgan County was built around 1814 by the first permanent white settlers in that area, as part of a Revolutionary War land-grant.

96. Small Banks Find Ways to Compete With Giants -

Nashville’s InsBank began 15 years ago, founded by a group of insurance agents. Originally, it was known as Insurors Bank of Tennessee, its target market was independent insurance agents in the state. But that has changed somewhat over the years as the bank has evolved from that particular niche.

97. Memphis is No. 2 ‘Sneeziest and Wheeziest’ City -

The Memphis area is ranked as the country’s second worst city for exposure to ragweed pollen and ozone pollution that can worsen respiratory allergies and asthma, according to the Natural Resources Defense Council.

98. Starbucks Hopes 'Mini Frappuccino' Tempts New Customers -

NEW YORK (AP) – If a small Frappuccino seems like too much of an indulgence, Starbucks is now selling a more petite version of the sugary coffee drink.

The Seattle-based coffee chain says it will start selling a "Mini Frappuccino" starting Monday through July 6. The new size is just 10 ounces, compared with 12 ounces for the company's "tall" or small size.

99. Conduit Job Cuts Follow Bass Pro Gain -

The news that Conduit Global would lay off nearly 600 of its 700 Memphis call center employees happened so quickly that Mayor A C Wharton Jr. was caught by surprise when the word came Wednesday, May 6.

100. McDonald's Challenge: Make It Simpler, But Add Choices -

NEW YORK (AP) – McDonald's wants to simplify, simplify, simplify – but also add a bunch of choices for customers to avoid growing stale.

CEO Steve Easterbrook said Monday that he will strip away the bureaucracy at McDonald's so the company can move more nimbly to keep up with changing tastes. The overhaul comes after McDonald's saw its profit drop 15 percent last year, with sales dipping in regions around the world.