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Editorial Results (free)

1. Ioby Starts Campaign For Overton Park Intersection -

Ioby (In Our Backyards), a nonprofit civic crowd-resourcing platform, is kicking off its second annual “Trick Out My Trip” campaign in Memphis Monday, July 25, to address transportation challenges.

2. ‘Why Don’t We Start Our Own?’ -

The diner-style restaurant planned for 2657 Broad Ave. is a bit unique as far as commercial real estate projects go.

Yes, it’s of a piece with the rest of the groundswell of redevelopment and commercial activity that’s transformed Broad into a people-packed arts, retail and restaurant scene. One of those hotspots along the street is the combination coffee shop and retailer City & State, the owners of which have signed a lease at 2657 Broad for their next venture.

3. Ioby Launching Campaign For Overton Park Intersection -

Ioby (In Our Backyards), a nonprofit civic crowd-resourcing platform, is kicking off its second annual “Trick Out My Trip” campaign in Memphis Monday, July 25, to address transportation challenges.

4. Last Word: Return of the Balloon Note, SCS and Migrant Teens & Greensward Doubts -

One of the prime culprits in the housing bubble burst that played a role in the worst economic downturn since the Great Depression is back – the adjustable rate mortgage.

Numbers from Chandler Reports, the real estate information company that is part of The Daily News Publishing Co. Inc, show the number of such loans has spiked in the first half of this year and are the highest they’ve been since 2008, the year after the bubble burst nationally.

5. More Public Funding Comes to Explore Bike Share -

The Center City Development Corp. doubled down on its commitment to launching a bike share program at its July 20 meeting.

6. Threlkeld Says Metropolitan Bank Going Back In Time With New Advisory Service -

A conversation with Metropolitan Bank executives about a new business advisory platform the 9-year-old bank has just launched quickly turned into a talk about how much of a commodity business banking has become.

7. New Center to Capitalize on Strong Retail Demand -

The shopping center at 6450 Poplar Ave. is fully constructed with tenants opening as soon as next month.

8. With Millions Covered, 'Repeal and Replace' Gets Riskier -

WASHINGTON (AP) – As Republicans gather to anoint their presidential ticket in Cleveland, uncompromising opposition to "Obamacare" is getting politically riskier.

Few people were covered under President Barack Obama's health care law when the GOP held its last convention in 2012. Now, Donald Trump's plan to replace the program would make 18 million people uninsured, according to a recent nonpartisan analysis.

9. Turkish Military in Attempted Coup, Prime Minister Says -

ANKARA, Turkey (AP) — A group within Turkey's military has engaged in what appeared to be an attempted coup, the prime minister said, with military jets flying over the capital and reports of vehicles blocking two major bridges in Istanbul.

10. US Consumer Prices, Retail Sales Rose in June -

WASHINGTON (AP) — U.S. consumer prices rose modestly in June as the costs of gasoline and rent kept climbing, while sales at American retailers registered a healthy gain.

The Labor Department said Friday that consumer prices increased 0.2 percent last month, matching the gain in May. Prices are up 1 percent from a year ago, well below the Federal Reserve's 2 percent inflation target.

11. The Week Ahead: July 18-24 -

It’s supposed to get hotter in Memphis this week, which is pretty normal for mid-July, and the coming week brings what could be a hot debate at the Memphis City Council meeting Tuesday on a plan to solve parking on the Overton Park Greensward. That and some other events planned this week include...

12. First Horizon Sees 12 Percent Gain in Net Income -

First Tennessee Bank’s parent company in the just-ended second quarter pulled a repeat of its performance in the first three months of 2016, with profit, earnings per share, loans and deposits all up over where they stood at this time last year.

13. Metropolitan Bank Starts Capital Advisory Unit -

Metropolitan Bank has launched a new business advisory platform.

The 9-year-old bank is expanding on its traditional service offerings with a new unit, Metropolitan Capital Advisors. Longtime Memphis real estate finance professional Rob Threlkeld will head up the unit as senior managing director.

14. Metropolitan Bank Launches Metropolitan Capital Advisors -

Metropolitan Bank has launched a new business advisory platform.

The 9-year-old bank is expanding on its traditional service offerings with a new unit, Metropolitan Capital Advisors. Longtime Memphis real estate finance professional Rob Threlkeld will head up the unit as senior managing director.

15. Bank of England Mulls Rate Cut to Cushion Brexit Blow -

LONDON (AP) — Britain's vote to leave the European Union is already taking its toll on the British economy, raising speculation that the Bank of England will on Thursday decide to reduce its main interest rate to a record low.

16. 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.

17. Holiday Deli & Ham Expands Leadership, Plots Growth -

Memphis-based Holiday Deli & Ham Co. has brought on new investors and added new members to its board of directors, as the fast-casual restaurant known for its deli sandwiches positions itself for a rebrand and new growth.

18. US Gives Tentative OK to Flights to Cuba From 10 US Cities -

WASHINGTON (AP) – The U.S. government on Thursday tentatively approved scheduled commercial airline service to Havana from 10 American cities, further bridging the gulf between countries as close as 90 miles and an hour flight but long kept at a greater distance by the Cold War.

19. 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.

20. 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.

21. US Services Firms Grew in June at Fastest Pace in 7 Months -

WASHINGTON (AP) – U.S. services firms expanded last month at the fastest pace since November, good news for the U.S. economy.

The Institute for Supply Management said Wednesday that its non-manufacturing index rose to 56.5 in June from 52.9 in May. Any reading above 50 signals growth. Production, new orders and export orders grew faster in June. Employment grew last month after contracting in May.

22. Survey: US Manufacturing Accelerates In June -

WASHINGTON (AP) – American manufacturing expanded for the fourth straight month in June, hitting the strongest reading in 16 months as the outlook for new orders and production improved.

23. County Budget Done – Mostly -

Shelby County commissioners put most of their budget season to rest Wednesday, June 29, with $5 million from the county’s reserve fund after they added $13 million in amendments to the $1.1 billion county operating budget during a seven-hour session.

24. South End Gets a $15 Million Apartment Complex -

250 E. G.E. Patterson Ave.
Memphis, TN 38126

Permit Amount: $14.6 million

Owner: Elmington Capital Group

25. Memphis International Raceway Readies for World Series of Drag Racing -

No one is suggesting that Memphis International Raceway will duplicate the economic impact numbers generated by the Bristol Motor Speedway. For those numbers – more than $417 million in direct economic impact from 2012 to 2014 – are otherworldly.

26. First Horizon CFO Touts Growth Opportunities, Conservative Approach -

The chief financial officer of First Tennessee Bank’s parent company took a message of expansion, of stronger loan portfolios and being smarter than the competition about which deals to pursue in a meeting with analysts in New York City earlier this month.

27. Patterson Flats Developer Files $14.6 Million Permit -

A multifamily development in Downtown’s South End is moving forward.

Elmington Capital Group, doing business as ECG Patterson Development LLC, recently filed a $14.6 million building permit to construct Patterson Flats, a 175-unit apartment complex at 250 E. G.E. Patterson Ave. The permit includes demolishing an existing building; new grading; new utilities; the addition of a parking lot; and construction of four buildings, including a leasing and fitness room.

28. Do the Right Things -

So many people focus on the tiny details of their jobs. They are rewarded to sweat the details. In some fields the details are critical, such as medical care, clinical research, nuclear energy; in many fields, however, this focus on details impedes authentic growth.

29. Frayser Targeted as Pilot Area for Citywide Fight Against Blight -

Last week, a wrecking team demolished a single-family home in the Washington Heights neighborhood in South Memphis. The effort, organized by United Housing Inc. and backed by the U.S. Department of Treasury, was the first of its kind to take place.

30. 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.

31. House Speaker Ryan Proposes Simpler Tax Code -

WASHINGTON (AP) – House Republicans led by Speaker Paul Ryan unveiled a plan for a simpler tax code, the sixth and last installment of a GOP agenda designed to be a policy counterpoint to the personality-driven campaign of Donald Trump.

32. FedEx Posts $70 Million Loss, Gives Cautious Outlook -

Memphis-based FedEx Corp. lost $70 million in the latest quarter because of large pension and acquisition items, and the delivery giant gave a cautious outlook for the next 12 months.

33. Women-Led Angel Investment Network Launches -

The husband-and-wife team behind the Broad Avenue retailer City & State – Lisa and Luis Toro – are preparing to open another business in the neighborhood, a diner-style restaurant at 2657 Broad.

34. Pinch District to Move in a New Direction: Up -

The Pinch District is getting a sky-high development treatment. For decades, the north Downtown neighborhood has been known as a sea of parking lots punctuated by a handful of small businesses.

With St. Jude Children's Research Hospital announcing $1 billion in new construction, the Pinch's largest tenant is opening up its campus with new buildings, some as tall as 12 stories, in the greater Pinch neighborhood. A neighborhood-level presence is a sea change for the institution, which has grown to 2.5 million square feet behind a gated campus.

35. Community Foundation Bucks National Trend With Increase in Donations -

The most recent Giving USA Report showed that Americans are giving more than ever – a record-high rate of more than $1 billion a day ($373.25 billion in 2015) – but that donations to foundations were down.

36. FedEx Posts $70 Million Loss, Gives Tepid Outlook -

DALLAS (AP) – FedEx Corp. lost $70 million in the latest quarter because of large pension and acquisition items, and the delivery giant gave a cautious outlook for the next 12 months.

37. County Commission Delays Budget Votes, Germantown School Talks Surface -

Shelby County Commissioners delayed final votes on all of the budget matters before them Monday, June 20, until a special meeting next week.

And a proposed sale of two Germantown schools surfaced in the middle of another marathon budget session for commissioners.

38. Schools Funding Again Center Stage For County Commission -

Shelby County commissioners could wrap up most of the formalities Monday of their budget season.

But it will probably take a while.

The biggest issue of the season – school funding – appeared to be resolved with a compromise last week in committee sessions.

39. Memphis Design Firm Tapped to Convert NASA Station Into Science Resort -

Memphis-based Haizlip Studio has been hired to help reimagine a former NASA satellite tracking station and Cold War outpost in western North Carolina into a full-service, $40 million science resort complete with an independent research facility and lodging.

40. EDGE Grants Incentives for TAG Truck Center, Turner Dairy -

Two longtime Memphis-area companies secured tax incentives at the June meeting of the Memphis-Shelby County Economic Development Growth Engine.

The payment-in-lieu-of-taxes will support TAG Truck Enterprises LLC’s plans for the former Mall of Memphis site as well as an expansion of Turner Dairy in the heart of Midtown.

41. County Schools Funding Compromise to Be Tested -

Fragile is probably the best way to describe the compromise that emerged this week from county commissioners to fully fund the Shelby County Schools budget for the fiscal year that begins July 1.

The plan that closes a $27.4 million gap between what the school system wants and what Shelby County Mayor Mark Luttrell proposed in April had eight votes on the 13-member commission in Wednesday, June 15, committee sessions.

42. Last Word: The Fragile Compromise, Late by Train and NY Times on Chips Moman -

It looks like there is a deal to fully fund the Shelby County Schools system’s budget. But don’t look at the deal too long because it is very fragile.

It unraveled a bit within an hour after this got thrashed out in marathon Wednesday committee sessions by the Shelby County Commission.

43. Commission Puts Together Schools Funding Compromise -

Shelby County Commissioners cobbled together a fragile plan Wednesday, June 15, to fully fund the Shelby County Schools system’s budget request, closing a $27.4 million budget gap with county government funding.

44. Banc3 Touts Niche, Inks Its First Acquisition -

The way longtime Memphis banking executive Frank Cianciola thinks a community bank ought to organize itself and how it should be run in today’s bank climate is right there in his new company’s name.

45. Parking Was Key in ServiceMaster Deal -

Parking concerns for ServiceMaster Global Holdings’ move to Downtown Memphis have been resolved.

On June 14, the Downtown Parking Authority granted ServiceMaster access to the parking garage at 250 Peabody Place.

46. Rising US Retail Sales Offer Relief After Weak Jobs Report -

WASHINGTON (AP) – Despite a hiring slump, American consumers remain confident about spending – a reassuring sign for the U.S economy.

That was the message sent Tuesday by the government's report that U.S. shoppers boosted retail sales in May by a seasonally adjusted 0.5 percent. It was the second straight increase, after an even more robust 1.3 percent increase in April.

47. Goldman Sachs Dips Toe Into Consumer Banking -

Goldman Sachs, known for financing mega-deals and servicing the ultra-wealthy, is now open to the general public. And its interest in the average American appears to be mutual as thousands of consumers have flocked to its new retail banking service.

48. EDGE to Consider Incentives for ServiceMaster, Others -

ServiceMaster Global Holdings is one of three local companies with tax-incentive applications before the Memphis-Shelby County Economic Development Growth Engine board on Wednesday, June 15.

The residential- and commercial-services company, which plans to move its headquarters into the former Peabody Place mall in Downtown Memphis, is seeking a payment-in-lieu-of-taxes incentive to offset its $9.3 million personal property investment for items such as furniture, fixtures, computers and equipment.

49. Dignity, Honor, Respect: A Fundraising Success Story -

Do not underestimate the vision, power and tenacity of grassroots community organizations. We have seen firsthand how a well-defined vision can transform a community and the lives of its residents.

50. University of Memphis Moves Toward Own Board in a Year -

For decades, University of Memphis alumni and supporters have run hot and lukewarm on two topics – an on-campus arena and a board for the university independent of the Tennessee Board of Regents.

51. The Week Ahead: June 13-19 -

Let’s get this week started, Memphis! Here’s our roundup of local happenings you need to know about, from decisions about ServiceMaster incentives to the ultimate dodgeball tournament.

52. Last Word: ServiceMaster Incentives, Muvico Memories and the Beale Street Cover -

It looks like the conversion of Peabody Place mall to the new headquarters of ServiceMaster is a $33.3 million job. That could be a running total depending on a PILOT amendment to come.

53. US Job Openings Rise, Yet Employers Cut Back on Filling Them -

WASHINGTON (AP) – U.S. employers advertised the most open jobs in nine months in April but pulled back on filling them, a sign of caution that may reflect concerns about tepid economic growth.

54. Collierville Sees Year’s Largest Multifamily Sale -

160 Madison Farms Drive
Collierville, TN 38017

Sale Amount: $34.3 million

Buyer: Spyglass-Collierville LLC

55. Strickland’s Leadership Style Emerging -

Five months into his four-year term as Memphis mayor, Jim Strickland has his first budget and all but one of his major appointments made – Memphis Police director. The budget cleared the Memphis City Council Tuesday, June 7, with a few minor amendments from council members, next to no debate and no dissenting council votes.

56. Last Word: A Distinct Reaction, City Hall's Budget Season and BreakFest On Broad -

Funeral services for Memphis Police Officer Verdell Smith are set for Friday at Hope Presbyterian Church in Cordova.

The day before that Downtown leaders will gather in Handy Park on Beale Street to talk about new measures to make the district safer.

57. City Budgets, Stable Tax Rate Approved With Few Amendments -

Memphis City Council members approved a city operating budget of $666 million and a capital budget of $85 million along with a stable city property tax rate of $3.40 Tuesday, June 7, ending City Hall’s budget season.

58. Corrections Officers Want Commission to Increase Pay -

Shelby County Commissioners approved a stable county property tax rate of $4.37 Monday, June 6, on the first of three readings and set the stage for final budget deliberations in committee sessions next week.

59. Last Word: A Different Aftermath and Trolleys Aren't Just for Tourists -

A week that will likely end with the funeral of a Memphis Police officer began with a discussion about violent crime that is even at this early point proving to be different from the past discussions we’ve had at times like these.

60. Commission Adds To Budget Decisions, Backs Herenton Juvenile Offender Schools -

Shelby County Commissioners approved a stable county property tax rate of $4.37 Monday, June 6, on the first of three readings and set the stage for final budget deliberations in committee sessions next week.

61. Commission Adds To Budget Decisions, Backs Herenton Juvenile Offender Schools -

Shelby County Commissioners approved a stable county property tax rate of $4.37 Monday, June 6, on the first of three readings and set the stage for final budget deliberations in committee sessions next week.

62. City Council Could End Budget Season Tuesday -

The Memphis City Council should end its budget season Tuesday, June 3, with final votes on three resolutions and two ordinances that approve the city’s operating and capital budgets, and keep the city property tax rate at its current $3.40 – all for the fiscal year that begins July 1.

63. 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.

64. The Week Ahead: June 6-12 -

Time to get this week started, Memphis! There’s plenty to keep you busy in this week’s roundup of need-to-know happenings, from the 50th anniversary of a seminal civil rights moment to a blast from the '80s-movie past...

65. US Consumer Confidence Slips for Second Month -

U.S. consumer confidence fell for a second month in May to the lowest level since November.

The Conference Board said Tuesday, May 31, that its index of consumer confidence slipped to 92.6 from 94.7 in April. The May reading matched the level in November. Both months were the lowest since last July.

66. City Council Weighing Budget Amendments -

The Memphis City Council budget committee plan to wrap up its work Tuesday, May 31, on the city operating and capital budget proposals for the fiscal year that begins July 1.

The committee meets Tuesday, May 31, at 3 p.m. and will hear from nonprofit agencies seeking city grants. Council members also will propose amendments to the budget proposals from Mayor Jim Strickland’s administration.

67. ServiceMaster Disrupting Its Culture With Move Downtown -

ServiceMaster is converting Peabody Place into a corporate headquarters that would rival a Silicon Valley tech outfit.

On Friday, June 3, ServiceMaster laid to rest months of speculation about whether the company would relocate to a larger city like Atlanta or Dallas. Memphis’ available Class A office space can’t currently accommodate ServiceMaster’s needs, so it looked to the retail sector for its new home.

68. County Commission Explores Wheel Tax Shift -

Shelby County Commissioners set the stage in Wednesday, June 1, committee sessions to take the first of three votes Monday on a stable $4.37 county property tax rate.

But the commission will put off a vote on the county operating budget to further discuss a shift of revenue from the county wheel tax.

69. 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.

70. ‘Critical Mass’ -

Shelby County Schools superintendent Dorsey Hopson calls it “a brave new world” after four years of unprecedented changes: the merger and demerger of the county’s public schools systems, the rise of charter schools, the formation of both the state-run Achievement School District and locally run Innovation Zone model, and declining SCS enrollment.

71. Caesars Donates 50 TVs To Harrah’s Hope Lodge -

Caesars Entertainment employee volunteers from Horseshoe Tunica and Tunica Roadhouse casinos installed 50 donated television sets at the American Cancer Society Harrah’s Hope Lodge on June 1.

72. Last Word: South Main and Main, More Wheel Tax Mileage and City Hall Shark Tank -

When we talk about South Main these days and all that is happening in that area, we aren’t talking about Main Street Memphis further south of that, even though it’s the same road.

73. County Commission Explores Wheel Tax Shift for Schools -

Shelby County Commissioners set the stage in Wednesday, June 1, committee sessions to take the first of three votes Monday on a stable $4.37 county property tax rate.

But the commission will put off a vote on the county operating budget to further discuss a shift of revenue from the county wheel tax.

74. UT’s Legislative Spanking Could Have Been Worse -

In a state where many people bleed orange, the University of Tennessee found itself in an unusual position during the 2016 legislative session: fighting for its life.

The folks representing Rocky Top, typically a sacred cow, had to battle for respect after emails surfaced from UT-Knoxville’s Office of Diversity and Inclusion urging teachers to use gender-neutral pronouns for transgender students and to downplay Christmas during holiday parties.

75. Nordstrom Rack-Anchored Center Gets $15.5M Construction -

4572 Poplar Ave.
Memphis, TN 38117

Permit Amount: $10.5 million

Project Cost: $15.5 million

Completion: Fall 2017

76. Committee Recommends Pay Raises for City Employees -

The Memphis City Council’s budget committee completed its budget reviews Tuesday, May 31, recommending a 1.5 percent pay raise for city employees other than fire and police and $300,000 in grant funding to hire a full-time director for the Whitehaven Economic Development Council.

77. County Commission Explores Wheel Tax Shift For SCS -

Shelby County Commissioners set the stage in Wednesday, June 1, committee sessions to take the first of three votes Monday on a stable $4.37 county property tax rate.

But the commission will put off a vote on the county operating budget to further discuss a shift of revenue from the county wheel tax.

78. Last Word: As The Wheel Tax Turns, New Zoo Poll and Once Every Dozen Years -

When the school year ends, that’s not necessarily when leaders of school systems can take it easy.

That’s because the business of school systems is about looking months if not years ahead on your mental calendar.

79. Council Committee Recommends Pay Raises Beyond Fire and Police -

It took six hours. But the Memphis City Council’s budget committee completed its budget reviews Tuesday, May 31, with a recommendation of a 1.5 percent pay raise for city employees other than fire and police and $300,000 in grant funding to hire a full-time director for the Whitehaven Economic Development Council.

80. US Consumer Confidence Slips for Second Month -

U.S. consumer confidence fell for a second month in May to the lowest level since November.

The Conference Board said Tuesday, May 31, that its index of consumer confidence slipped to 92.6 from 94.7 in April. The May reading matched the level in November. Both months were the lowest since last July.

81. Clark Tower Undergoing $1.2M Lobby Renovation -

Clark Tower’s lobby is getting a facelift.

Dan Walker Associates Inc. recently filed a $1.2 million building permit for “existing first floor lobby renovation” at the East Memphis tower.

82. US Consumer Spending Scores Biggest Jump in 6 Years -

WASHINGTON (AP) – Consumer spending surged in April by the largest amount in more than six years, led by a big jump in purchases of autos and other durable goods.

Consumer spending rose 1 percent last month after a flat reading in March, the Commerce Department reported Tuesday. Incomes were up a solid 0.4 percent, matching the March gain. Wages and salaries, the most important component of incomes, gained 0.5 percent.

83. Last Word: Downtown Crime Discussions, Greensward Arrests and Lead Pipes -

An after-midnight stampede on Beale Street a week after one person was killed and two other people were wounded in a random shooting a block north of the entertainment district.

Summer is here by tradition if not by the calendar just yet. And Downtown there is already a debate behind the frequent declaration that Downtown is the safest area of the city.

84. Fast Money: Banks Making It Easier to Split the Tab -

NEW YORK (AP) – Splitting the bill for those pizzas you shared with your buddies or that utility bill that is suddenly due is going to get easier and faster even if you don't all use the same bank.

85. City Council Weighing Budget Amendments -

The Memphis City Council budget committee plan to wrap up its work Tuesday, May 31, on the city operating and capital budget proposals for the fiscal year that begins July 1.

The committee meets Tuesday, May 31, at 3 p.m. and will hear from nonprofit agencies seeking city grants. Council members also will propose amendments to the budget proposals from Mayor Jim Strickland’s administration.

86. Collierville Shopping Center Sells for $3.5 Million -

2140-2150 Poplar Avenue Holdings LLC, a company of Maryland-based CW Capital Asset Management LLC, sold a Collierville shopping center in a May 20 warranty deed to PHC Country Club Collections LLC for $3.5 million.

87. City Council to Wrap Up 2016-2017 Budget Sessions -

The Memphis City Council’s budget committee meets Tuesday, May 24, for wrap-up sessions on the operating and capital budget proposals from Memphis Mayor Jim Strickland.

88. Paragon Bank Reports Another Record Quarter -

For Paragon Bank, the first quarter of 2016 was the most profitable in the bank’s more-than-10-year history.

89. Snapshot: How Memphis-Based Public Companies are Faring -

Acquisitions have been a common theme among many Memphis-based public companies the past few quarters. Here is a roundup of those transactions and other business highlights from each of the companies.

90. Editorial: Innovation Must Link Memphis’ Needs, Promise -

The innovation efforts starting to bear fruit in Memphis’ medical community didn’t just appear miraculously.

Leaders of this effort started to plow rock-hard ground years ago.

While business innovation is difficult, health and medical innovation aimed at commercial applications is much more brutal. The reward for a breakthrough at this level is greater, but so is the risk, with investors’ capital burned through quickly whether or not an idea is brought to fruition.

91. 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.

92. Collierville Shopping Center Sold For $3.5 Million -

2140-2150 Poplar Avenue Holdings LLC, a company of Maryland-based CW Capital Asset Management LLC, sold a Collierville shopping center in a May 20 warranty deed to PHC Country Club Collections LLC for $3.5 million.

93. 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.

94. Council Committee Probes Grant Requests -

Memphis City Council Budget Committee Chairman Edmund Ford Jr. likens it to the television show “Shark Tank.”

Instead of entrepreneurs, leaders of nonprofits made their pitches to the budget committee Tuesday, May 24, for grants from the council as part of the budget process.

95. AutoZone Third-Quarter Results Miss Expectations -

Memphis-based auto parts retailer AutoZone Inc. knows how to grow its net sales, manage its balance sheet, handle shareholder capital and do a host of other things that have helped it generate an unbroken string of double-digit earnings per share growth the past 39 quarters.

96. City Council to Wrap Up Budget Sessions -

The Memphis City Council’s budget committee meets Tuesday, May 24, for wrap-up sessions on the operating and capital budget proposals from Memphis Mayor Jim Strickland.

97. Tribune Rejects Second Gannett Bid; Sets the Stage for Talks -

NEW YORK (AP) – Tribune Publishing rejected a second takeover bid from USA Today owner Gannett, but did say Monday that it was open to further talks.

Gannett last week raised its per-share bid for the owner of the Los Angeles Times, Chicago Tribune and other newspapers to $15, from $12.25. Gannett, based in McLean, Virginia, put the total value of the revised offer at about $864 million, which includes some $385 million in debt.

98. Last Word: Graduation Day, St. Jude's New Office Tower and Another Bike Map -

The chances are pretty good that you encountered someone in a cap and gown this weekend.

It is graduation season and Shelby County Schools kicked it off Saturday with 14 high school graduations – that’s in one day.

99. Paragon Bank Reports Another Record Quarter -

For Paragon Bank, the first quarter of 2016 was the most profitable in the bank’s more-than-10-year history.

100. Haslam Names New TEMA Director -

Gov. Bill Haslam has named Ohio emergency operations administrator Patrick Sheehan as the new director of Tennessee's disaster response agency.

Sheehan takes over as director of the Tennessee Emergency Management Agency from David Purkey, who remains assistant commissioner for homeland in the state Department of Safety after previously serving in both roles.