Editorial Results (free)
1. Collierville Board Grants FedEx Tax Break Extension
- Tuesday, January 26, 2016
The Collierville Board of Mayor and Aldermen ratified a 20-year tax break for the FedEx World Technology Center during its Monday, Jan. 25, meeting.
FedEx will pay nearly $25.2 million over the period and will save about $75.5 million. As part of the retention PILOT agreement, FedEx will invest $40 million in real property and personal property upgrades.
2. In the Game
- Saturday, January 23, 2016
Way back in the 1990s, perhaps before the Grizzlies and FedExForum were even a twinkle in anyone’s eye, Chris Wallace came to Memphis and The Pyramid for a preseason NBA game featuring Michael Jordan and the Chicago Bulls.
3. With SUV Look, Tech Touches, Chrysler Aims to Revive Minivan
- Tuesday, January 12, 2016
DETROIT (AP) — Thirty-three years ago, Chrysler invented the minivan. Now, it's reinventing it — with styling reminiscent of an SUV, high-tech features and a first-ever hybrid version that Chrysler hopes will make minivans popular again.
4. Modest Rise Gives Stocks a Third Straight Week of Gains
- Monday, October 19, 2015
U.S. stocks closed modestly higher Friday, giving the market its third straight week of gains.
Consumer staples and health care stocks were among the biggest risers as investors assessed the latest company earnings and economic news.
5. Memphis Sole
- Saturday, July 25, 2015
The football field measurements are perhaps inevitable in describing just how big Nike’s Northridge distribution center in Frayser is after its $301 million expansion.
The 2.8 million-square-foot facility – the equivalent of 49 football fields – is Nike Inc.’s largest distribution center in the world.
6. Fed Directs 8 Biggest US Banks to Hold Extra Capital
- Tuesday, July 21, 2015
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.
7. GE Pares Off Financial Unit and Returns to Industrial Roots
- Monday, April 13, 2015
General Electric is leaving the lending business, a major source of both profit and risk, as it continues to whittle its focus down to an industrial core.
The company said Friday that it will sell most of its GE Capital assets over the next two years, shedding businesses in a sector where it has had a tough time generating acceptable returns. GE also plans to repurchase as much as $50 billion of its own stock.
8. UAW ‘Considers Itself a Partner’ With GM
- Saturday, January 17, 2015
General Motors’ Spring Hill plant is firmly entrenched with the United Auto Workers.
In fact, it might not have retooled and started assembling vehicles again without the union’s efforts.
9. County Commission Endorses Haslam's Medicaid Expansion Plan
- Tuesday, January 13, 2015
Shelby County Commissioners, including some vocal Republican opponents of the Affordable Care Act in general, are calling on the Tennessee Legislature to approve Tennessee Gov. Bill Haslam’s Insure Tennessee Medicaid expansion plan.
10. US Companies Eager to Embrace Cuba Face Hurdles
- Tuesday, December 23, 2014
WASHINGTON (AP) – Cargill aims to sell more corn and soybeans. MasterCard covets another site for Americans to swipe credit cards. Marriott sees beachfront property that needs hotels.
And outside Orlando, Florida, Danny Howell just knows there would be demand for his classic Chevrolet parts.
11. Slowing Chinese Economy Likely to Pinch US, Too
- Wednesday, May 07, 2014
WASHINGTON (AP) – After watching China narrow the U.S. lead as the world's largest economy, Americans might be tempted to cheer signs that the Chinese economy might be stumbling.
Any schadenfreude would be short-sighted.
12. Industrial Portfolio Sells for $43 Million
- Tuesday, April 01, 2014
4550 Swinnea Road, 6005 Freeport Ave., 3399 E. Raines Road
Sale Amounts: $10.1 million; $14.8 million; $18 million
13. PILOT Reform
- Saturday, February 08, 2014
Nike is in the midst of a $301 million expansion of its Northridge plant in Frayser, a project that means the Beaverton, Ore.-based company will create 250 new jobs and retain 1,600 existing local jobs.
14. Veteran Marketer to Discuss Loyalty at Chamber Lunch
- Friday, January 10, 2014
Chris Malone, a veteran marketer who has worked with organizations such as the NBA and The Coca-Cola Co., will be the featured speaker this month at the Greater Memphis Chamber’s Small Business Council program launch luncheon.
15. Car Company's Tunica Plans Haven't Come to Fruition
- Tuesday, August 13, 2013
TUNICA, Miss. (AP) – It seemed like a win for everyone involved when a startup car company, backed by political heavyweights, wooed investors with plans to build a massive auto plant in the Mississippi Delta, hire thousands of people and pump out a brand new line of fuel-efficient vehicles.
16. Probe May Cause Issues for More Than DHS Official
- Thursday, July 25, 2013
WASHINGTON (AP) – An internal investigation of President Barack Obama's choice to be the No. 2 official at the Homeland Security Department has the potential to become a political headache for former Secretary of State Hillary Rodham Clinton and the Democratic candidate for governor in Virginia.
17. Labor Heads Say Obama Backs Them on 'Fiscal Cliff'
- Wednesday, November 14, 2012
WASHINGTON (AP) – Labor leaders said Tuesday that President Barack Obama remains committed to preserving tax cuts for middle class families and ensuring the wealthy pay more in taxes, outlining plans for a public campaign to pressure Republican lawmakers.
18. The State of Green
- Monday, July 30, 2012
There are many shades of green.
And the use of the term “green” to describe public policies, business practices and other decisions designed to improve or sustain natural surroundings and our connection with them touches on so many other considerations.
19. Pickering Projects Show Activity on Upswing
- Friday, May 18, 2012
If an uptick in engineering services is an economic indicator of recovery and stability, Memphis is progressing fairly well.
That’s the message Bob Pitts, principal at Pickering Firm Inc., shared to the Appraisal Institute of Memphis Wednesday, May 16, at Chickasaw Country Club. Pickering employs 150 engineers, scientists, architects and surveyors across six offices from its Memphis headquarters to the Gulf Coast.
20. Pending Bill Could Raise Solar Taxes
- Wednesday, April 18, 2012
The week that two solar farms located in Haywood County and Memphis were dedicated, a bill that would increase property taxes on owners of solar production facilities like the two arrays was undergoing more changes in Nashville and encountering increased opposition from the state’s solar industry.
21. Growing Power
- Wednesday, April 11, 2012
The outlook is as bright as ever for the local solar industry. Two large solar arrays are opening this week in Memphis and Haywood County, while industry leaders are gathering here this week to tout solar power and its growth in Tennessee in recent years.
22. MC Ionic Continues Work on HQ, Plant
- Friday, March 23, 2012
MC Ionic Solutions US Inc., a subsidiary of Mitsubishi Chemical Corp. that will produce an electrolyte solution used in lithium-ion batteries, is moving ahead with its North Memphis headquarters and production plant.
23. IDI Bringing 3 Buildings to DeSoto County
- Monday, March 05, 2012
Industrial Developments International Inc. is in the midst of adding one build-to-suit and two speculative buildings in its Crossroads Distribution Center in Olive Branch – marking the area’s first spec construction since 2008.
24. The Right Place
- Thursday, March 01, 2012
When people think of Memphis, they might picture an aerial shot of Downtown – skyscrapers, The Pyramid and all.
But Andy Cates’ view of Memphis is different. He sees the city’s “dirty, industrial real estate.”
25. CRE Activity Stays Strong During 2011
- Friday, December 30, 2011
Despite hard times, local commercial real estate firms were able to ink plenty of deals in the past 12 months.
Memphis’ industrial leasing activity kicked off in January when Buena Park, Calif.-based Pacific Logistics Corp. signed a 60,000-square-foot lease in ProLogis Park DeSoto for its first Memphis-area location.
26. Colliers Signs Baker to First Site in Tenn.
- Friday, December 09, 2011
Colliers International’s industrial team of Andy Cates, Preston Thomas and Mike Driscoll has inked 63 transactions this year. Here’s a rundown on a flurry of recent deals the trio has brokered.
27. Green Shoots
- Monday, November 28, 2011
As the local commercial real estate market approaches the end of 2011, experts say it appears to be in line with national fundamentals for secondary and tertiary markets.
Shelby County commercial sales in the third quarter were the highest sales volume since Q3 2007, with $259 million, according to real estate information company Chandler Reports, www.chandlerreports.com.
28. Willow Lake Apartments Fetch $7.8M
- Thursday, November 24, 2011
A North Hickory Hill apartment complex has traded hands for the second time in 18 months.
Bloomington, Minn.-based New Life Core Willow Lake LLC has bought Willow Lake Apartments at 2774 Mendenhall Road from NW-Willow Lake LLC for $7.8 million. The purchase was financed with a $7 million loan through KeyBank NA.
29. Arlington Pet Hospital Files $1.2M Permit For Expansion
- Friday, November 18, 2011
Construction plans for a new stand-alone space for a growing Arlington veterinary clinic are under way near its current shopping center space.
Samuel Garrett Davis, founder of Arlington Pet Hospital PLLC, has filed a $1.2 million building permit application with the city-county Department of Construction Code Enforcement for a 5,200-square-foot facility, complete with hospital boarding and grooming capabilities.
30. West Tenn. Solar Farm By I-40 Nears Completion
- Monday, October 31, 2011
This was supposed to be the month that the West Tennessee Solar Farm in Haywood County was completed.
But while the farm’s growing set of solar panels by Interstate 40 has been getting the attention of passing motorists in recent weeks, the panels have been the easiest part of the undertaking being spearheaded by the University of Tennessee Research Foundation.
31. Obama, Advisory Council Urge Action to Create Jobs
- Wednesday, October 12, 2011
PITTSBURGH (AP) – President Barack Obama is pressing for passage of his full $447 billion jobs package in the face of certain congressional defeat while embracing more modest administrative remedies to the nation's sluggish economy and unwaveringly high unemployment.
32. Staying Afloat
- Monday, September 19, 2011
Compared to the overall U.S. construction landscape, Memphis’ position appears to be managing fairly well.
Within the last 10 months, the city has landed several heavy manufacturing projects – Electrolux, Mitsubishi Electric Power Products Inc. and Kruger Inc., to name a few – in a time when, nationally, the manufacturing sector is stagnant.
33. MSCAA Approves $52M in Projects
- Friday, September 16, 2011
With the reauthorization of the Federal Aviation Administration moving in Congress, the Memphis-Shelby County Airport Authority board of commissioners approved a logjam of more than $28 million in construction projects and contracts. Nine contracts approved at the Thursday, Sept. 15, meeting include everything from a new dump truck with a snow plow to elevator and escalator replacement to improved security technology.
34. Buffett Gives $5 Bln Vote of Confidence to BofA
- Friday, August 26, 2011
NEW YORK (AP) – Warren Buffett is coming to the rescue of another fallen giant.
Buffett's Berkshire Hathaway Inc. announced Thursday that it would invest $5 billion in Bank of America Corp., giving a much-needed vote of confidence to the beleaguered bank. The news sent the bank's stock soaring 9 percent.
35. The iPad Trumps Oil: Apple is Most Valuable US Co.
- Thursday, August 11, 2011
NEW YORK (AP) – Investors seem to think you want an iPad more than oil, as Apple Inc. became the most valuable company in the United States, surpassing Exxon Mobil Corp. on Wednesday.
36. Apple Passes Exxon as Most Valuable US Company
- Wednesday, August 10, 2011
NEW YORK (AP) – Apple has surpassed Exxon Mobil as the most valuable company in the U.S. The milestone occurred shortly before 2 p.m. Tuesday. Apple Inc.'s stock gained 3.4 percent to $365.10 Tuesday afternoon, bringing the iPhone and iPad maker's market capitalization to about $338 billion.
37. MC Ionic Solutions US Begins Work on Fite Rd. Site
- Tuesday, July 19, 2011
2665 Fite Road
Memphis, TN 38127
Permit Amount: $1.3 million
Permit Date: Applied July 2011
38. Dollar General Building Store On Jackson In N. Memphis
- Friday, June 10, 2011
Plans for a new Dollar General store in the city’s North submarket are under way. Ware Properties LLC purchased 9,100 square feet of vacant land at 3433 Jackson Ave. from Hector Tejeda in May for $140,000, according to the Shelby County Register of Deeds. The Shelby County Assessor of Property’s 2011 appraisal of the parcel was $109,200.
39. Obama Selects Businessman Bryson for Commerce Post
- Wednesday, June 01, 2011
WASHINGTON (AP) – President Barack Obama has tapped energy executive John Bryson to lead the Commerce Department, putting a businessman at the helm of an agency tasked with boosting U.S. exports and promoting American business around the world.
40. Medtronic Profits Drop 19 Percent In Q4
- Wednesday, May 25, 2011
Medtronic Inc.’s fiscal fourth quarter earnings dropped 19 percent and the company predicted lower-than-expected growth for the year ahead because of a slump in implants sales.
41. Medtronic Q4 Profit and 2012 Estimate Fall Short
- Tuesday, May 24, 2011
Medtronic said Tuesday its profit dropped 19 percent in the fourth quarter and the device maker predicted lower-than-expected growth for the year ahead due to a continuing slump in sales of its implants.
42. Wal-Mart Remains Atop Fortune 500 List
- Friday, May 06, 2011
NEW YORK (AP) – Wal-Mart Stores Inc. remains atop the Fortune 500 list even as it struggled to keep its U.S. customers coming in the door.
43. Detroit Official Weighs in on Aerotropolis Development
- Friday, April 15, 2011
With the passing of a telescope Wednesday on the roof of The Peabody hotel, the 10th annual Airport Cities World Conference & Exhibition ended its three-day run in Memphis.
Memphis-Shelby County Airport Authority president Larry Cox passed the telescope to Kim Day, manager of aviation at Denver International Airport, the host of next year’s gathering.
44. From Old to New
- Thursday, April 07, 2011
This year marks Gene Woods’ 40th year of marketing industrial properties in the Memphis area for Colliers International.
45. Fairs Scheduled for Local Construction Cos.
- Monday, March 28, 2011
O’Neal Inc., general contractor for the facility Mitsubishi Electric Power Products Inc. is building in Memphis, is looking for local construction companies and contractors for the project.
46. Obama Goal: 'Putting the Economy Into Overdrive'
- Tuesday, January 25, 2011
SCHENECTADY, N.Y. (AP) – More than half the nation disapproves of President Barack Obama's policies to reduce stubbornly high unemployment, a new Associated Press-GfK poll said Friday as Obama refocused his job-creation efforts on a business-friendly vision emphasizing innovation and exports to other countries.
47. Interstate Brands Renews, Expands Lease
- Friday, January 14, 2011
Interstate Brands Corp. has renewed and expanded its lease in the Germantown Park - Kimbrough Building in Cordova, more than doubling its footprint.
48. Festival Highlights Memphis-India Connections
- Thursday, August 26, 2010
When Memphians talk about India, two subjects almost always come up – overseas call centers and the film “Slumdog Millionaire.”
But organizers of this year’s annual IndiaFest said the nation’s cultural and business influence in Memphis is growing rapidly.
49. Bernanke to Wage Fresh Battle For Fed Powers
- Thursday, March 18, 2010
WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke plans to wage a fresh battle against Senate efforts to scale back the Fed’s role in supervising the nation’s banks.
In testimony prepared for a House of Representatives hearing on Wednesday obtained by The Associated Press, Bernanke argued that the Fed factors in information it gets from its role as a regulator into its decisions on interest rates. And, Bernanke said its banking duties give the Fed insights into the health of the entire banking system.
50. Regulator Faults Wall Street Banks on Derivatives
- Friday, March 12, 2010
WASHINGTON (AP) - Wall Street banks are seeking exemptions to proposed new financial derivatives rules that could shield more than half the trades that should be subject to disclosure, a federal regulator said Thursday.
51. Geithner Says $700B Bailout Program Will End Soon
- Thursday, December 03, 2009
WASHINGTON (AP) - U.S. Treasury Secretary Timothy Geithner affirmed Wednesday the U.S. administration's intent to soon end the $700 billion financial bailout program.
Geithner did not provide details, but said the government is close to the point at which "we can wind down this program" and end it.
52. Memphis Companies Tap Into Renewable Energy Sources
- Friday, November 20, 2009
From solar power to wind power, from hybrid automotive technology to geothermal engineering, Memphis companies large and small are tapping into renewable energy.
The biggest news story surrounding local businesses going green involves shipping giant FedEx Corp., whose president and CEO Fred Smith earlier this year unveiled the company’s plans to become more energy-efficient and environmentally friendly through its EarthSmart initiative.
53. Comcast Q3 Profit Up 22 Pct, But Growth Slows
- Thursday, November 05, 2009
PHILADELPHIA (AP) - Comcast Corp. reported a 22 percent increase in third-quarter earnings, buoyed by an investment gain and a lower tax rate as it stepped up promotions on its bundled video, phone and Internet plans.
54. Regulators Seek Tighter Derivatives Oversight
- Thursday, October 08, 2009
As two federal regulators asked a House panel to tighten proposed legislation imposing new oversight on derivatives, Republican lawmakers contended the measure already could eliminate jobs and stifle companies’ ability to manage risks.
55. Wal-Mart Warns of Lethargic Economic Recovery
- Thursday, October 01, 2009
KUALA LUMPUR, Malaysia (AP) - The chairman of Wal-Mart Stores Inc. warned Wednesday the global economic recovery will likely be lethargic, even as the retailing behemoth sees great growth potential in China and India.
56. American Airlines Parent Gets $2.9B, Shifts Routes
- Friday, September 18, 2009
ATLANTA (AP) - American Airlines' parent company said Thursday it is taking on significant new debt at a time when revenues are being hammered, but the $2.9 billion in cash and fresh financing it raised should quiet concerns – for now – that it is in danger of a cash crunch and a bankruptcy filing.
57. Williams Street Grocery Closes, Files for Bankruptcy
- Monday, May 11, 2009
The owner of Williams Street Grocery & Deli has filed for bankruptcy and closed the business at 755 Williams Ave. near LeMoyne-Owen College, according to The Daily News Online, www.memphisdailynews.com.
58. Manufacturing Sector Contracts Again in Feb.
- Tuesday, March 03, 2009
WASHINGTON (AP) - A private measure of the nation's manufacturing sector contracted for the 13th straight month in February, but at a slower pace than expected.
The reading suggested to some economists that the decline of the ailing factory sector could be bottoming out, though they expect a recovery is still far in the future.
59. Corker Says No Regrets Voting Against Auto Bailout
- Wednesday, January 14, 2009
DETROIT (AP) - U.S. Sen. Bob Corker said Tuesday he doesn't regret voting against a bailout for General Motors Corp. and Chrysler LLC last month because he and other Republicans had a plan to help the carmakers succeed.
60. BNSF Adds Fueling Facility To Memphis Intermodal Yard
- Tuesday, October 07, 2008
5280 E. Shelby Drive
Memphis, TN 38118
Permit Amount: $1.6 Million
Project Cost:$100 million
Permit Date:Applied October 2008
Completion:Second Quarter 2009
61. Fed, Central Banks Move to Boost Global Confidence
- Friday, September 19, 2008
NEW YORK (AP) - The worst global financial crisis since the Great Depression forced the Federal Reserve and central banks in other countries to pump billions of dollars into the world's banking system in an urgent bid to stop further damage.
62. Sams Named Director At Verso Paper Corp.
- Friday, August 22, 2008
David Sams has been named director of environment, health and safety for Verso Paper Corp.
He will report to Lyle Fellows, senior vice president for manufacturing, and Peter
Kesser, vice president, general counsel and secretary.
63. Study: Tough CEOs Often Most Successful
- Tuesday, November 20, 2007
What are the traits that chief executives of successful companies share? A new study suggests that hard-nosed personal virtues such as persistence and efficiency count for more than "softer" strengths like teamwork or flexibility.
64. Despite Strong Engineering Resume, Darty Keeps Focus on Team
- Friday, August 24, 2007
On paper, Mark A. Darty's long list of accomplishments in the engineering field is impressive, to say the least.
In addition to his work as executive vice president of research, development and manufacturing at Luminetx Corp., he
has been a lead engineer at McDonnell Douglas Aerospace (now The Boeing Co.) and developed avionics - aviation electronics - for the F-16 fighter aircraft. He also has created products such as solid state power systems for NASA and wearable computers for the U.S. Army.
65. UT Professor Honored WithMarconi Science Award
- Monday, April 02, 2007
University of Tennessee Health Science Center professor Frank DiBianca was presented the Marconi Science Award March 17 in St. Louis.
DiBianca received the award from UNICO National, th
66. Archived Article: Real Recap
- Tuesday, February 22, 2005
3300 Brother Blvd
Cleveland Investors Buy Bartlett Property
3300 Brother Blvd.
Bartlett, TN 38133
Cost: $8.6 million
Buyer: Newgar Ltd.
Seller: Net Lease Holdings LLC
Property: One lot at 3300 Brother Blvd. in the International ...
67. Archived Article: Newsmakers
- Wednesday, October 06, 2004
Joseph Lee Makes Appointments to Management Team
AutoZone Announces Organizational Changes
AutoZone Inc. hired Jim Shea to the position of executive vice president, merchandising and marketing. Shea most recently worked for Party City. In addi...
68. Archived Article: Daily Digest
- Monday, August 30, 2004
Atria Primacy Finances
Atria Primacy Finances
Property for $3.3 Million
Atria Primacy LLC has financed 1.68 acres at 6015 Primacy Parkway for $3.3 million, according to The Daily News Public Records Database, www.memphisdailynews.com. Gener...
69. Archived Article: Benchmark
- Thursday, May 31, 2001
EEOC files lawsuit EEOC files lawsuit against Selmer GE plant The Memphis District Office of the U.S. Equal Employment Opportunity Commission has filed a disability discrimination lawsuit in the U.S. District Court for the Western District of Tennes...
70. Archived Article: Memos
- Wednesday, April 04, 2001
Baker, Donelson, Bearman & Caldwell added four new attorneys to its Memphis office: Baker, Donelson, Bearman & Caldwell added four new attorneys to its Memphis office: Paul D. Amos concentrates his practice in the areas of corporate law and ...
71. Archived Article: Power Lead
- Tuesday, November 02, 1999
Real Review 11-2-99 Duke applies to build Southaven power plant By LAURIE JOHNSON The Daily News Charlotte, N.C.-based Duke Energy has filed a petition with the Mississippi Public Service Commission for a certificate to build an electric generating ...
72. Archived Article: Market Briefs
- Monday, August 31, 1998
Albertson's, Inc TBC Corp. announced that in several open market transactions it recently has repurchased more than 1.37 million shares, or about 6 percent, of the companys common stock. Including the effect of these repurchases, the company now has...
73. Archived Article: Eis
- Monday, August 10, 1998
Electrical Insulation Suppliers, an Atlanta-based business that has been in Memphis since the 1970s, is moving to larger facilities Electrical suppler to move to Memphis Distribution Center By KATHLEEN BURT The Daily News Electrical Insulation Suppl...
74. Archived Article: Tech Briefs
- Wednesday, May 27, 1998
A search is underway for an executive director for the private, not-for-profit Tennessee Technology Development Corp A search is underway for an executive director for the private, not-for-profit Tennessee Technology Development Corp. The corporatio...
75. Archived Article: Cargill Expansion Lj
- Friday, September 20, 1996
lj 10/5 cates Cargill expansion underway, on schedule By LAURIE JOHNSON The Daily News Construction is progressing smoothly and according to schedule on Cargill Inc.s $80 million expansion project, which began about three months ago at the companys ...
76. Archived Article: Opus Warehouse Chg
- Wednesday, June 12, 1996
By CAMILLE H. GAMBLE Dallas developer starts spec warehouse on Swinnea By CAMILLE H. GAMBLE The Daily News Opus South Corp. will start construction next week on a 336,000-square-foot speculative warehouse at 4480 Swinnea Road, the first of two spec ...
77. Archived Article: Govt Fcs (vpp) Lj
- Friday, March 22, 1996
lj 10/5 cates Volunteer STAR recognizes excellence in safety, health programs By LAURIE JOHNSON The Daily News Tennessee companies with successful health and safety programs will soon be able to rate a "gold star." The Volunteer STAR progr...
78. Archived Article: Exports
- Wednesday, January 17, 1996
1/15 jts Tenn. exports State exports continued growth in 1995 Forestry sector explodes, Indian subcontinent strongest emerging market By JAMES SNYDER The Daily News Tennessee exports grew strongly during 1995, showing explosive growth in the forestr...
79. Archived Article: Re Focus Lj
- Tuesday, October 31, 1995
lj 10/5 cates Construction to begin on 3560 Air Center Real estate company meets demand for distribution space near airport By LAURIE JOHNSON The Daily News A local real estate company has several distribution facility projects in the works due to t...