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Editorial Results (free)

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. ‘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.

11. 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.

12. 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.

13. US Builders Increase Home Construction in April -

WASHINGTON (AP) – Builders ramped up construction of new homes in April, suggesting that the market remains solid despite sluggish economic growth at the beginning of the year.

Housing starts climbed 6.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said Tuesday. The increase makes up for much of March's 9.4 percent drop in starts, a decline that partially reflected the volatile swings in residential construction on a monthly basis.

14. Sometimes, Adviser Just Saves Clients From Themselves -

Mike Cooper understands that the information is everywhere. Financial “experts” on radio and television offer unsolicited advice with little regard for whether the consumer is a 25-year-old single mother worried about her children’s college education or a 50-year-old man beginning to turn an eye toward retirement.

15. Sometimes, Financial Planner Mike Cooper Just Saves Clients From Themselves -

Mike Cooper understands that the information is everywhere. Financial “experts” on radio and television offer unsolicited advice with little regard for whether the consumer is a 25-year-old single mother worried about her children’s college education or a 50-year-old man beginning to turn an eye toward retirement.

16. RVC Outdoors Seeks Strickland’s Commitment -

Andy Cates, CEO of Memphis-based RVC Outdoor Destinations, said his redevelopment plan for Mud Island won’t require significant public dollars, but he’s looking for a commitment from the city to move forward.

17. Last Word: The Airport and Hotels, Loans and Musicians and Underground in Town -

That didn’t take long. Fired one day, hired the next for Dave Joerger now formerly of the Grizz.

18. Mayor Opposes City Funds for Mud Island -

Memphis Mayor Jim Strickland says the city may be willing to help fund a $9 billion expansion of St. Jude Children’s Research Hospital that is mostly private capital.

19. Last Word: Behind Grit N Grind, Brooks at 100 and Massacre -

This is a 12-month-a-year basketball town. There’s the season, possibly a post season, which by NBA standards is a second season. (Yep, they are still playing.) And then there is the rest of the year when whatever has been about to boil over behind the façade of sports clichés finally begins to spill out into the open.

20. Hiring Slowdown in April May Signal Caution About US Economy -

WASHINGTON (AP) – American employers signaled their caution about a sluggish economy by slowing their pace of hiring in April after months of robust job growth.

At the same time, companies raised pay, and their employees worked more hours – a combination that lifted income and, if sustained, could quicken the U.S. expansion.

21. Last Word: Mall Demo, Defining 'Fringe Element' and Herenton's New Path -

Once upon a time there were three “town centers” planned by the city of Memphis.

City facilities like libraries and police precincts would be the anchors and encourage private retail development in them.

22. New City Council Learns Ways of Budget Season Quickly -

There are 3,000 miles of street curbs in Memphis. Figures like this are the basic elements of budget season at City Hall.

They are how 13 Memphis City Council members – seven of them four months into their first four-year term of office – wrap their heads around an $85.3 million capital budget proposal and a $667 million operating budget proposal.

23. Financial Adviser, To Millennial Investors: Don’t Rush -

As a financial adviser with Morgan Stanley Global Wealth Management in Memphis, Kevin Kimery’s vantage point gives him visibility into the full spectrum of investment behaviors and client types – as well as common mistakes he sees new investors make.

24. Grinding Recovery -

Michael Drury is watching the current U.S. presidential season with a combination of professional detachment and an air of resignation.

Detachment, because part of his job as chief economist at Memphis-based McVean Trading & Investments is to keep abreast of what makes economies around the world tick. Part of that, of course, means at least some degree of focus on the man – or, possibly a few months from now, the woman – who sits astride the dominant global economy.

25. Before Successes, Loeb Started from Zero – Twice -

Barreling down Madison Avenue in a black corduroy blazer and a pert, pink pocket square, Bob Loeb seems distracted. Then I realize: he’s editing. Move that tree, put a mural there. Tear that down, build that up.

26. Melzie Wilson Appointed To Commerce Advisory Committee -

Melzie Wilson, vice president of compliance at Mallory Alexander International Logistics, has been appointed to the U.S. Department of Commerce’s Advisory Committee on Supply Chain Competitiveness by secretary of commerce Penny Pritzker. In her role at Mallory Alexander, Wilson is responsible for all government regulations the company must comply with, both in the U.S. and globally.
She’s also responsible, along with a compliance team, for ensuring Mallory Alexander’s clients stay compliant.

27. Last Word: Off and Running, Lawson Sticks and Downtown Office Space -

Now that you’ve had time to behold the large field of contenders in the Republican primary for the 8th Congressional District – all 13 – they are on the road campaigning on the way to the Aug. 4 election day.
And it’s quite a road with a lot of different scenery.
Former U.S. Attorney David Kustoff is one of the seven contenders in the race from Shelby County. He hit the road Monday for three days of stops in each one of the 15 counties in the district.

28. Young Cherishes Role of Rebuilding Memphis Neighborhoods -

“I don’t want to be viewed as the most powerful person in Memphis,” said Paul Young, a Memphis native who became director of Housing and Community Development for the city of Memphis in January.

29. 4 Fed Leaders Face Questions About Their Powerful Jobs -

WASHINGTON (AP) – Janet Yellen was put on the spot about whether she made a mistake in raising interest rates in December. Ben Bernanke was quizzed about what it felt like to be called a traitor by the governor of Texas.

30. City Council Debates Idea of De-Annexation Compromises -

A proposal to form a joint city-county group to explore voluntary de-annexation and the city’s footprint goes to the Memphis City Council for a vote in two weeks.

But there is vocal sentiment on the council against the city giving up any of its turf, including the most recently annexed areas of south Cordova and Southwind-Windyke.

31. Metropolitan Bank Putting Focus on Mergers & Acquisitions -

The leadership at Metropolitan Bank is feeling confident enough about its balance sheet, its talent bench and its future prospects that it let shareholders know in recent days – we’re looking for banks to buy.

32. Yellen Stresses That Fed Foresees Gradual Pace of Rate Hikes -

NEW YORK (AP) – Federal Reserve Chair Janet Yellen said Tuesday that the Fed still envisions only a gradual pace of interest rate increases in light of global pressures that could affect the U.S. economy.

33. Amended De-Annexation Bill Up for Key State Senate Committee Vote -

A de-annexation bill that takes in the whole state has a key state Senate committee vote set for Wednesday, March 30, after senators made some significant changes to the proposal Tuesday in committee.

34. Mud Island Proposals Advance to More Scrutiny -

The two finalists working with a Riverfront Development Corp. committee to redevelop Mud Island River Park will have their plans further reviewed by the administration of Memphis Mayor Jim Strickland.

35. US Consumer Spending Posts Scant February Increase -

WASHINGTON (AP) – U.S. consumers barely increased their spending in February and spent less in January than the government had earlier estimated. The pullback led some analysts to downgrade their expectations for the economy's growth during the January-March quarter.

36. Dodging a Disaster With Volkswagen? -

Next month will mark five years since the first Passat rolled off the assembly line at Chattanooga’s Volkswagen plant. Most anniversaries are a cause for celebration.

But as Chattanoogans blow out the candles on this particular milestone they’ll be hoping that Volkswagen’s diesel emissions troubles will soon be extinguished, too, and that the new SUV model they’ll start producing this year will help VW emerge from the crisis a better and stronger company than before.

37. Beale Authority Encounters Familiar Headwinds -

Somewhere near the beginning of the Thursday, March 17, meeting of the Beale Street Tourism Development Authority, Caren Nichol talked about how unique the entertainment district is because of its cultural and historical importance.

38. Beale Authority Reopens Management Firm Search, Draws Fire -

The Beale Street Tourism Development Authority has decided to reopen the process for finding a manager for the entertainment district, putting off the selection of a firm possibly until September.

In seeking new proposals by the end of June, the authority voted to keep the proposals from four companies the group has been reviewing for several months and allow those companies to amend their proposals if they wish.

39. Last Word: The Bloody Shirt of Deannexation, More Boats and The Rise of ioby -

“Waving the bloody shirt” – get ready to hear that phrase a lot as a deannexation bill continues to be debated in Nashville – the one that the state House approved Monday evening.
There was a palpable frustration at City Hall during Tuesday’s council day that featured a light agenda but lots of attention to several challenges – many of them financial and hidden until recently – that the new mayor and council are facing.
As we mentioned in our Monday evening coverage of this, the skirmish lines over the deannexation bill and the larger issue are very close in Shelby County. Our legislative delegation is split between Memphis Democrats vocal in their outrage over the bill and Republicans in the county outside Memphis who are just as vehement in their support of the bill, especially the parts that apply to Memphis.

40. Tri-State Bank Prepares For Big Year -

The way longtime Memphis banking executive Christine Munson sees it, a small community bank has to carve out a clearly defined identity for itself - something that sets it apart from the myriad competitors of similar size, with comparable products and rates - if it wants to be successful.

41. Finances Will Be in Focus at City Council -

The list of financial surprises that Memphis Mayor Jim Strickland presented to Memphis City Council members two weeks ago tops council discussions Tuesday, March 15.

42. Last Word: Tiger Drumbeat, Eye on Drones and Shelby County Biggest Home Sale -

Let the coaching drumbeat resume after the Tigers Sunday post-season collapse one game past Tulsa.
A confession here – I am so sports challenged that I thought UConn was a team from Alaska until I saw it spelled out.
In my defense, who associates Huskies with Connecticut?
My point is what happens next isn’t just about basketball. It’s about a change with a good track record of being emotional in the worst way.
It’s linked to how we want to be known for treating people and what they think of us as a result of that.
In those two areas, it’s never just business. It’s always personal.
Josh Pastner’s four predecessors were each very different case studies in this regard.
It could have been any stop in any city with a basketball court and a one-and-done star he could find and recruit to John Calipari. But he still had to hide under a blanket in the back seat of a car on the way to the airport and lie about it long after everyone knew.
Knew about the Kentucky job that is. The mess he left at the university would surface shortly thereafter.
Tic Price was two fast seasons and the proof that the Memphis job isn’t just about what happens on the court and the attendance at games.
Price was clearly excited about coming to Memphis. He clearly understood the importance and heritage of Tigers basketball and valued it. And he wasted no time at all getting lost in the Memphis that is not a part of that all encompassing world.
It was the only job Larry Finch wanted and ultimately the job he couldn’t continue to have. That after ignoring conventional wisdom as a player and coming from Melrose High to Memphis State, bringing a beloved team with him and then picking Memphis again in the ABA over the Lakers in the NBA.
None of that was considered in pushing him out the door and then naming a building after him.
Dana Kirk
wanted to be the hustler John Calipari was. He was certainly impersonal enough about it and he took the team to an era where a post-season NCAA bid was expected and is still expected to this day.
But his impersonality exacted a high cost and he paid most of that cost. Although you could argue the experience for his team that produced some legendary players also made some of them legendary casualties of his emotional distance. It didn’t allow him to go elsewhere because he never figured out that he was being underestimated just as much as the team whose needs he ignored was in the national view of college basketball.
While Calipari dodged big trouble twice, Kirk wasn’t even in Calipari’s league when it came to ducking and timing.
We are past our inferiority complex. That’s what the last NFL drive of the 1990s did for us.
But it’s not necessarily a bad thing that we see the people chosen to occupy these very public positions as a reflection to the world of who we are.

43. Higher-Ed Shuffle Stokes Fears of UT-TSU Merger -

Anthony Joshua, who moved to Nashville from Madison, Wis., to attend Tennessee State University, says he’s worried his historically black institution could be in for serious change – for the worse.

44. Study: Renters' Rise Extends Beyond Big US Cities to Suburbs -

NEW YORK (AP) – In the American imagination, suburbs are places to buy a house and put down roots. But a growing percentage of suburbanites rent, according to a new study.

About 29 percent of metropolitan-area suburbanites were renters in 2014, up from 23 percent in 2006, according to a report being released Tuesday by New York University's Furman Center real estate think tank and the bank Capital One.

45. Strong US Job Growth in February Helps Dispel Recession Fears -

WASHINGTON (AP) – A robust February jobs report showcased a resilient U.S. economy just as fears of a new recession had begun to surface.

Economic reports in recent weeks had fueled anxieties about a looming downturn: Manufacturers were slumping. Stocks had plummeted. China was slowing sharply along with other emerging markets. The rising dollar had crushed exports.

46. Engineer Jonnye McElyea Joins Allen & Hoshall -

Jonnye McElyea has joined Allen & Hoshall as a structural engineer. McElyea, who designs structures such as buildings, bridges and retaining walls, is among the 19 percent of engineers who are women. Her previous experience includes time at Parsons Corporation and AFRAM Corp.

47. RVC, Mansion to Give More Specifics on Mud Island Plans -

The CEO of RVC Outdoor Destinations of Memphis says his company is “ready to invest $10 million of our own capital that is currently available and ready to deploy.”

Andy Cates made the assurance in the company’s proposal to the Riverfront Development Corp. that was one of the two finalists picked Monday, Feb. 29, by an RDC committee.

48. Thomas Rejoins Bass, Berry & Sims -

Attorney Oscar L. Thomas has rejoined Bass, Berry & Sims’ Memphis office as counsel after serving as vice president of business affairs for MRI Interventions Inc., a medical device manufacturer based in Irvine, Calif.

49. Urban Treasure -

They were at the 2007 National Recreation and Park Association conference in Indianapolis and they had been dutifully attending the seminars and taking notes. But one day this two-woman contingent from Memphis and the newly formed Shelby Farms Park Conservancy skipped out of the afternoon workshops.

50. Cates Wants Detail on Downtown Agreements -

From Mud Island River Park across the Memphis harbor to The Pyramid and further east to St. Jude Children’s Research Hospital – there are a lot of connections as the areas head toward a new incarnation.

51. 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.

52. First Horizon CEO: 2015 Was a ‘Very Good Year’ -

The top brass at First Tennessee Bank’s parent company kicked off their first quarterly earnings presentation to analysts in 2016 with frequent allusion to some favorite themes.

53. Four Beale Street Proposals Feature Different Backgrounds -

Jeff Sanford fielded inquiries from 17 or 18 companies, local and out of town, expressing some level of interest in the contract to manage the Beale Street entertainment district.

54. First Tennessee Invests in Tri-State Bank -

As of Dec. 31, Tri-State Bank of Memphis has secured almost $5 million in new capital, an investment fueled in part by an “unprecedented transaction” between it and First Tennessee Bank.

55. Are You Really Committed? -

This is the third in a series focused on the prerequisites for fundraising success.

Commitment is critical to successful fundraising. Without commitment, ideas and plans remain just that. Our experience has shown that the full commitment of the board of directors, CEO, staff and volunteer leadership is key to fundraising success.

56. FedEx, TNT Merger Nabs Regulatory Approval in Europe -

FedEx Corp. has received the green light to proceed with its $4.8 billion acquisition of Dutch delivery company TNT Express.

57. Mall of Memphis Property Bought by Trucking Company -

113-Acre Former
Mall of Memphis Site
Sale Amount: $3.9 million

Sale Date: Dec. 29, 2015
Buyer: TAG Real Estate Holdings LLC
Seller: Memphis Industrial Properties LLC (Johnson Development Associates Inc.)
Loan Amount: $23 million
Loan Date: Dec. 29, 2015
Lender: Mercedes-Benz Financial Services USA LLC
Details: The 113-acre former Mall of Memphis property has a new owner. TAG Real Estate Holdings, an affiliate of Memphis-based TAG Truck Enterprises LLC, paid $3.9 million, or $34,513 an acre, to buy the property from Johnson Development Associates Inc., acting as Memphis Industrial Properties LLC.

58. Tri-State Bank HQ Sale Heightens Speculation -

The northeast corner of Main and Beale streets is more than prime real estate; it’s historic ground with a direct connection to ongoing racial and economic issues.

Tri-State Bank, the city’s 70-year old black-owned bank, and Belz Investco announced Thursday, Dec. 31, that the bank was selling its headquarters, 180 S. Main St., to Belz Investco GP in a $3 million deal.

59. As Rate Hike Nears, Fed's Hints on Future to be Scrutinized -

WASHINGTON (AP) — It's not about what it will do. It's about what it will say.

The worst-kept secret in the financial world is that the Federal Reserve is all but sure Wednesday to raise interest rates from record lows by a modest quarter point.

60. ZeroTo510 startup SweetBio raises another $900,000 -

One of the most recent companies to participate in the Memphis Bioworks Foundation’s ZeroTo510 medical device accelerator program has raised another $900,000 in venture capital funding.

That new equity financing raised by SweetBio, a medical device startup specializing in wound-healing biomaterials with a dental focus, brings the venture’s total raise to more than $1 million in the past six months.

61. County Government Standoff Moves To Negotiations -

It was all smiles at the Shelby County Commission Monday, Nov. 23, between county Mayor Mark Luttrell and commission chairman Terry Roland.

62. County Commission Approves Refunding Bonds, Holds Effort to Block CRA Merger -

Shelby County Commissioners approved Monday, Nov. 23, up to $300 million in refunding bonds that will reduce county government’s interest rate to 2.7 percent.

The refunding restructures the county’s outstanding variable bond debt to fixed interest rate bonds.

63. County Commission Approves Refunding Bonds, Holds Effort to Block CRA Merger -

Shelby County Commissioners approved Monday, Nov. 23, up to $300 million in refunding bonds that will reduce county government’s interest rate to 2.7 percent.

The refunding restructures the county’s outstanding variable bond debt to fixed interest rate bonds.

64. Home Values Point to a Sharp Wealth Divide Within US Cities -

WASHINGTON (AP) — It's still possible in Boston for a mail carrier, an accountant and a Harvard-trained psychiatrist — basically, the crowd from "Cheers" — to live as neighbors.

That finding by the real estate brokerage Redfin makes the capital of Massachusetts a rarity at a time when neighborhoods in most U.S. cities are increasingly isolated from each other by income and home values.

65. Taxable vs. Non-Taxable Retirement Income -

Ray’s Take The taxable status of an investment account refers to whether any income earned in the account is taxable at the time of earning, or possibly not at all.

A good example would be a 401(k) or IRA. These accounts are considered tax-deferred because earned interest, dividends or capital gain distributions are not taxed until money is withdrawn – there is a payday someday. Other accounts, such as a cash account, high-interest savings accounts or non-qualified mutual fund accounts would be taxable in the year interest money is earned.

66. SEC Opens Door to Startup Investing For All -

WASHINGTON (AP) — A new form of crowdfunding is coming soon that will allow startups to raise money by selling stock to Main Street investors.

The Securities and Exchange Commission on Friday adopted rules implementing a 2012 law that opened the door to securities crowdfunding. The vote was 3-1 at a public meeting.

67. Musistic Brings Musicians Together -

Imagine being an artist who wants to collaborate with another musician who lives five states away or even on another continent.

The logistics of recording together is a nightmare at best, and impossible to get together at worst. Jimbo Lattimore and the other founders of Musistic saw the problem firsthand and realized a solution was possible.

68. Memphis Tennis Tournament’s New Owners Hope to Rejuvenate Annual Event -

Another year, and another new owner of the Memphis men’s professional tennis tournament with big plans for restoring luster to the event – this time as the Memphis Open presented by ServiceMaster celebrates its 40th year.

69. Memphis Bike Share on Track for Launch Next Year -

All signs are pointing to Memphis getting a bike-sharing program. Explore Bike Share has reached the end of the trail as the local initiative has sent out a request for proposals to take public bikes-for-hire to the next level.

70. Memphis Poised to Become Regional Anchor for Entrepreneurs -

A federal agency’s attention to Memphis’ entrepreneurial ecosystem could bring stronger investment and resources for startups.

On Friday, Sept. 18, Memphis was the kick-off site of the Delta Challenge pitch competition, a six-city tour organized by federal-state partnership Delta Regional Authority to identify and support exceptional startups.

71. Is Now Time For a Fed Rate Hike? Here Are 2 Clashing Views -

WASHINGTON (AP) — For seven years — through political fights, Europe debt crises and market panic — investors could count on one thing: Short-term U.S. interest rates would stay locked near zero.

72. As Fed Meets, Decision on Rate Hike Seems Like a Toss-Up -

WASHINGTON (AP) — Will they or won't they?

Nine years after they last raised their benchmark interest rate and after months of feverish speculation, Federal Reserve policymakers this week may finally raise that rate from a record low near zero.

73. Council Voting on Retirement Freeze to Stem Memphis Police Exodus -

Memphis City Council members take a final vote Tuesday, Sept. 15, on a freeze of the city’s deferred retirement plan that is designed to keep the police force from dipping below 2,000 officers.

The council meets at 3:30 p.m. at City Hall, 125 N. Main St. Follow @tdnpols, www.twitter.com/tdnpols, for live coverage of the meeting and updates from committee sessions earlier in the day.

74. US Jobless Rate Falls to 7-Year Low; Fed Move Still Unclear -

WASHINGTON (AP) — The U.S. unemployment rate fell to a seven-year low in August as employers added a modest 173,000 jobs, a key piece of evidence for the Federal Reserve in deciding whether to raise interest rates from record lows later this month.

75. Memphis to Soon Host 13th Annual Musculoskeletal Industry Conference -

Memphis is gearing up to host what will be the 13th annual Musculoskeletal New Ventures Conference, an annual confab where surgeons, venture capitalists, angel investors, industry leaders and others gather to talk shop, and more.

76. Sedgwick Announces Lyons as New CFO -

Memphis-based Sedgwick Claims Management Services Inc. has tapped a new chief financial officer.

77. Memphis Investment Professionals Preach Caution Amid Market Swings -

The 1,000-point drop at one point Monday, Aug. 24, in the Dow Jones Industrial Average – it ended the day down 588 points to close at an 18-month low – was a result of volatile trading that marked a stomach-churning start to the week for investors.

78. Sedgwick Announces Lyons As New CFO -

Memphis-based Sedgwick Claims Management Services Inc. has tapped a new chief financial officer.

79. University’s Crews Center Launches Seed Fund -

The University of Memphis Crews Center for Entrepreneurship has taken what stakeholders said is a natural next step as part of acting as the university’s hub for commercializing ideas into successful startups.

80. Lenoir: ‘Is It Time for a Tax Decrease?’ -

Shelby County Trustee David Lenoir says the $22 million extra in property tax revenue his office collected during the past fiscal year appears to be a trend of improving health in the local economy.

81. Real Deal -

They were tossing around numbers, trying to guess the win total for the 2015 University of Memphis football season.

In the not-too-distant past, the two Highland Hundred members and longtime season-ticket holders might have been able to add their guesses together and still come up short of the six victories needed for their favorite team to be bowl-eligible.

82. Tax Revenue Reopens Budget Wounds -

The largest portion of $22 million in extra tax revenue collected by Shelby County Trustee David Lenoir will go to local public education, county commissioners said Monday, July 27.

83. Fed Directs 8 Biggest US Banks to Hold Extra Capital -

WASHINGTON (AP) — Federal regulators are directing the eight biggest U.S. banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts.

84. Ikea Buys Cordova Acreage For Planned Memphis Store -

41 Acres for
Future Ikea Store

Sale Amount: $5.7 million

Sale Date: July 10, 2015

Buyer: IKEA Property Inc.

85. Google Shareholders Revel in Record 1-Day Windfall of $65.1 Billion -

SAN FRANCISCO (AP) – Google's stock roared out of a long slumber Friday to produce the biggest shareholder windfall in U.S. history as investors rewarded the Internet company for promising to curb its spending on risky projects.

86. REIT Buys Sears Properties in Sale-Leaseback -

In part of a major transaction to increase cash flow and make their retail spaces more productive, Sears Holdings Corp. sold four Memphis properties to its newly formed public real estate investment trust, Seritage Growth Properties, for a combined $17.6 million.

87. REIT Buys Sears Properties in Sale-Leaseback Transaction -

In part of a major transaction to increase cash flow and make its retail spaces more productive, Sears Holdings Corp. sold four Memphis properties to its newly formed public real estate investment trust, Seritage Growth Properties, for a combined $17.6 million.

88. 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.

89. NYSE Resumes Trading After Outage of More Than 3 Hours -

NEW YORK (AP) – Trading has resumed on the New York Stock Exchange after an outage of more than three hours caused by technical problems.

There was no interruption at the dozens of other U.S. stock exchanges Wednesday, including the Nasdaq, so investors were still able to buy and sell stocks easily.

90. Phillip Rogers Joins Wunderlich Wealth Management -

Phillip Rogers recently joined the Wunderlich Wealth Management office in Memphis as a managing director and financial adviser. Rogers’ financial services practice is focused on the needs of high net worth individuals, as well as endowments and foundations. He applies his background in and knowledge of the fixed income capital markets to extend an institutional level of expertise to individual investors.

91. Growth in US Services Firms Rises in June -

WASHINGTON (AP) – U.S. service firms grew at a slightly faster pace in June, as business activity and new orders increased.

The Institute for Supply Management said Monday that its services index edged up to 56 in June from 55.7 in May. Any reading over 50 indicates that services firms are expanding.

92. Cycling Ahead -

Unless you've seen the ubiquitous stations in cities like Knoxville and Nashville, it's difficult to imagine how bike sharing could connect Memphis.

Tourists and citizens can check out a bike on a per-ride or membership basis and return it to a separate station when they've reached their destination.

93. Experts Give Their Take on Jobs, Fed and Financial Markets -

NEW YORK (AP) – If investors hoped Thursday's U.S. jobs report would give them clarity, they were probably disappointed.

The report, one of the most-watched pieces of news in financial markets, painted a mixed picture for U.S. employment. And it left a key question hanging over stocks and bonds: When and how quickly will the Federal Reserve raise interest rates?

94. Alliance for Nonprofit Excellence Develops Tighter Focus -

In good times and bad, change is a constant. During the recession, nonprofits were stretched financially and emotionally as demands for services increased and funding declined.

A recalibration was in order, and that was something that the Alliance for Nonprofit Excellence preached.

95. Business in Politics -

One of the first things Shea Flinn noticed when he left the Memphis City Council this year was that benches for audience members in the council chamber are less comfortable than council members’ seats.

96. Haslam Needs to Back Up Call for More Local Control -

If Gov. Bill Haslam is trying to build political capital, he’s making the right move by trying to light a fire under local officials.

He might also want to turn up the flame on his own game.

97. Simmons Joins Cushman & Wakefield/Commercial Advisors -

Mary Leesa Simmons has joined Cushman & Wakefield/Commercial Advisors as vice president – senior asset manager. In her new role, Simmons provides all aspects of property management duties for the firm’s clients.
This includes financial administration, budgeting, reporting, lease administration, contract administration, tenant, client and vendor administration, capital improvements and property inspections.

98. Proton’s Weaver Wizard of Tech Innovation -

On any given day, business executives, scientists and chemical engineers from across the U.S. and around the world come to East Tennessee to see for themselves the renewable energy technology developed by Lenoir City-based Proton Power Inc.

99. FedEx Boosts Dividend by 25 Percent -

FedEx Corp. is increasing its quarterly dividend by 25 percent as it inches closer to completing a deal that would make it one of the largest international package deliverers in Europe.

100. AP Analysis: More 'Phony Numbers' in Reports as Stocks Rise -

NEW YORK (AP) – Those record profits that companies are reporting may not be all they're cracked up to be.

As the stock market climbs ever higher, professional investors are warning that companies are presenting misleading versions of their results that ignore a wide variety of normal costs of running a business to make it seem like they're doing better than they really are.