Editorial Results (free)
1.
Case Against Dallas Officer Who Killed Neighbor Headed to Grand Jury -
Tuesday, September 11, 2018
DALLAS (AP) — The case against a white Dallas police officer who shot and killed a black neighbor in the neighbor's home will be presented to a grand jury, which could decide on more serious charges than manslaughter, the district attorney overseeing the case said Monday.
2.
Politicians Target Immigration Law After Arrest in Iowa Case -
Thursday, August 23, 2018
MONTEZUMA, Iowa (AP) — The disappearance of a well-liked college student from America's heartland had touched many people since she vanished one month ago while out for a run. But the stunning news that a Mexican man living in the U.S. illegally has allegedly confessed to kidnapping and murdering her thrust the case into the middle of the contentious immigration debate and midterm elections.
3.
Vacancy at Okhissa Lake: Group Hopes to Buy Land From Feds -
Monday, July 30, 2018
BUDE, Miss. (AP) — He put in around noon on a Friday.
Nearby, the women sprayed sunscreen and hung floaties on the children, and the boys threw rocks into the duckweed. Onboard, they had grocery bags, a propane grill and not one fishing pole.
4.
2 Lawyers Representing Ex-wife of Slain NBA Player Withdraw -
Thursday, July 12, 2018
MEMPHIS, Tenn. (AP) — Two lawyers who were representing the ex-wife of slain former NBA player Lorenzen Wright withdrew from the case Wednesday, citing a deteriorating relationship with their high-profile client.
5.
U.S. Stocks Inch Higher; Amazon Deal Shakes Health Care Firms -
Friday, June 29, 2018
NEW YORK (AP) — U.S. stocks are slightly higher Thursday as gains for technology companies and banks help the market recover some of its recent losses. Amazon said it's buying an online pharmacy and launching its own delivery van business, and drugstores and medication distributors as well as delivery companies are sinking. U.S. crude oil is at its highest price since late 2014. A day ago, stocks closed at their lowest level in about a month.
6.
Last Word: Bird Is The Word, Governors Quartet and Charlie Morris's Secret -
Friday, June 15, 2018
Former Vice President Joe Biden plays the Orpheum Friday evening. Maybe that isn't the right way to put it -- unless there's a drum solo no one is talking about. Free Bird?
I'll take it as further evidence of the new American politics that is evolving and is far from settled at this point. Politicians do paid speaking gigs all the time. And at times it is controversial. But the gigs are usually some kind of speaking fee to make remarks at a corporate function -- not selling individual tickets on line. This is ostensibly to promote Biden's new book and book deals and politicians go way back. But in a lot of cases, those are free events in a book store. When Biden was last here, it was as vice president at the Norfolk Southern intermodal rail yard in Rossville.
7.
Our Kids are Drowning -
Friday, May 4, 2018
LIFELINE. Almost 40 years ago, I was on the first board of the Ira Samelson Jr. Boys & Girls Club down the street from Treadwell School. We had taken over a YMCA that had a pool – the first pool in the club system. We brought kids in from all over the city to learn to swim, to keep from drowning if they got in deep water.
8.
Lawmakers Honor Man Hailed as Hero in Waffle House Attack -
Wednesday, April 25, 2018
NASHVILLE, Tenn. (AP) – The man who snatched an AR-15 rifle away from a gunman at a Tennessee restaurant told Tennessee lawmakers Tuesday he faced "the true test of a man," drawing a standing ovation during his brief address.
9.
The Week Ahead: April 16-20 -
Monday, April 16, 2018
Good morning, Memphis! It’s time for Africa in April, which in the minds of many Memphians, is the seasonal kick-off for festivals. The annual Southern Hot Wing Festival comes this weekend on Tiger Lane, so get ready for good times to replace that winter weather. Check out what else you need to know about in The Week Ahead...
10.
Big Pay Gains for US Workers Contribute to Wall St. Sell-Off -
Monday, February 5, 2018
WASHINGTON (AP) – Pay raises, the U.S. economy's Achilles' heel in its long recovery from the Great Recession, finally showed signs of accelerating last month – a trend that fanned inflation fears and sent bond yields rising and stocks sinking.
11.
5 Things: What Yellen's Fed Tenure Will Be Remembered For -
Friday, February 2, 2018
WASHINGTON (AP) – When Janet Yellen leaves the Federal Reserve this weekend after four years as chair, her legacy will include having shattered a social barrier: She is the first woman to have led the world's most powerful central bank, a position that carries enormous sway over the global economy.
12.
Speed & Patience -
Friday, February 2, 2018
He wasn’t the biggest and he wasn’t the strongest. He didn’t hit the ball the farthest. But, oh, did little Carlos Williams run the fastest. “Tee-ball,” said his mother, Takisha Kemp. “Blink of an eye.”
13.
Last Word: Credit Hours & Tn Promise, Opioid Differences and Nikki's Hot Rebrand -
Tuesday, January 30, 2018
A very busy Monday and I feel like some of this is may be fueled by some of us just now getting completely over the flu or someone close who has the flu for the first time in the New Year. Whatever the case, Monday came with a curtain call of sorts by Tennessee Gov. Bill Haslam, a court order on the Confederate monuments, year-end stats on crime in Memphis and countywide… a PILOT here, a building permit or three there.
14.
Inside Voice -
Friday, September 22, 2017
The advertisement moves fast, even for 30 seconds. It’s got hip-hop artist Marco Pave with Grammy Award-winning producer Carlos Broady. And the message is to the point as the camera comes in close on the face of a man who says emphatically, “Don’t lose your head, use your head.”
15.
Last Word: The No Compete, Liberty Bowl Blues and Assessing the ASD -
Thursday, September 21, 2017
The calendar says fall but the weather says summer and in Arlington the flags and notices say election day. The polls at the two polling places in Arlington open from 7 a.m. to 7 p.m. Thursday in municipal elections – the only regularly scheduled election of 2017 in Shelby County, which in our politics is frequently regarded as an invitation for departures and vacancies in other office that cause the scheduling of special elections. We’ve already had those earlier this year for a spot on the Lakeland commission and a state House seat.
16.
Commission Approves $1.2B County Budget -
Wednesday, July 12, 2017
At the end of a marathon seven-hour meeting Monday, July 10, with one item on its agenda, the Shelby County Commission agreed on a $1.2 billion budget, including about $1.4 million in amendments added by the commission.
17.
County Budget Accord Reached But Property Tax Rate Still In Flux -
Tuesday, July 11, 2017
At the end of a marathon seven-hour meeting Monday, July 10, with one item on its agenda, the Shelby County Commission agreed on a $1.2 billion budget including about $1.4 million in amendments added by the commission.
18.
Strickland Pushes Economic Breakthrough Outside City's Current Hot Spots -
Friday, June 23, 2017
The city of Memphis has to grow economically outside of the Poplar Avenue corridor of East Memphis, Midtown and Downtown if the city is to prosper, and Memphis Mayor Jim Strickland said that economic breakthrough can start in Whitehaven.
19.
Walmart Touts Investment in People, Technology as Advantages -
Monday, June 5, 2017
FAYETTEVILLE, Ark. (AP) – Walmart CEO Doug McMillon touted the company's investments in people and technology, but also said the company may have reached an employment peak and urged employees not to be afraid of automation.
20.
Fed Raises Rate and Sees More Hikes as US Economy Improves -
Thursday, March 16, 2017
WASHINGTON (AP) – The Federal Reserve has raised its benchmark interest rate for the second time in three months and forecast two additional hikes this year. The move reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans.
21.
Coalition Calls For Graceland Protest -
Monday, August 15, 2016
The Coalition of Concerned Citizens is calling for a “massive, nonviolent peaceful protest of direct action” Monday, Aug. 15, at Graceland in advance of the annual candlelight vigil marking the anniversary of Elvis Presley’s death.
22.
County Budget Done – Mostly -
Thursday, June 30, 2016
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.
23.
Bond Executives Indicted On Theft, Tax Charges -
Saturday, April 23, 2016
The president of Memphis Bonding Co. and a manager at 24 Hour Bonding Co. of Memphis were indicted separately Friday, April 15, by a Shelby County grand jury on theft and sales tax fraud charges.
24.
Bond Executives Indicted On Theft, Tax Charges -
Tuesday, April 19, 2016
The president of Memphis Bonding Co. and a manager at 24 Hour Bonding Co. of Memphis were indicted separately Friday, April 15, by a Shelby County grand jury on theft and sales tax fraud charges.
25.
Bail Bond Executives Indicted in Separate Theft-Tax Fraud Cases -
Saturday, April 16, 2016
The president of Memphis Bonding Co. and a manager at 24 Hour Bonding Co. of Memphis were indicted separately Friday, April 15, by a Shelby County grand jury on theft and sales tax fraud charges.
26.
Bail Bond Executives Indicted in Separate Theft-Tax Fraud Cases -
Friday, April 15, 2016
The president of Memphis Bonding Co. and a manager at 24 Hour Bonding Co. of Memphis were indicted separately Friday, April 15, by a Shelby County grand jury on theft and sales tax fraud charges.
27.
Yellen Stresses That Fed Foresees Gradual Pace of Rate Hikes -
Wednesday, March 30, 2016
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.
28.
Stocks Lose More Ground as Jobs Report Disappoints -
Monday, February 8, 2016
NEW YORK (AP) — Stocks posted steep losses Friday, ending the week with broad declines, as investors fretted over a report showing that U.S. job creation slowed last month.
Technology stocks fell especially hard, and shares of LinkedIn had their worst day in history.
29.
Nashville Developer Submits Plans for Downtown Memphis Housing -
Monday, February 1, 2016
Two plans recently filed with the Memphis-Shelby County Office of Planning and Development will turn empty lots into housing for disadvantaged Memphians.
Nashville developer Elmington Capital Group submitted plans for gated multifamily housing in Downtown's South End.
30.
Planning the Perfect Wedding -
Saturday, December 12, 2015
Weddings begin with the venue. “A venue holds everything,” says Kristin King, who is opening a new event facility, The Sloane, in Nashville’s Gulch area in 2016.
31.
Roland Claims Shelby County Commission Chairmanship -
Wednesday, September 16, 2015
After Terry Roland took the chairman’s seat at the Monday, Sept. 14, Shelby County Commission meeting, Shelby County Mayor Mark Luttrell congratulated him and pledged to work with him.
32.
Pulitzer Deadlock Decided by Dog -
Thursday, August 13, 2015
The 2008 Arkansas Writers’ Conference featured a spontaneous writing contest. Yeah, I know, that was seven years ago, but I was thinking about it recently and, for some reason, thought you might get a chuckle out of what came of it.
33.
Fed Holds Steady on Rates, Seeks Further Economic Gains -
Thursday, July 30, 2015
WASHINGTON (AP) — The Federal Reserve appears on track to raise interest rates later this year but signaled Wednesday that it wants to see further economic gains and higher inflation before doing so.
34.
Muslims Blast Handling of Tennessee Mosque Attack Plan Case -
Friday, July 10, 2015
MEMPHIS, Tenn. (AP) – Muslim groups say a judge's decision to release from federal custody a Tennessee man accused in court records of planning an attack on a mosque in New York state represents a double standard and should be revisited.
35.
NYSE Resumes Trading After Outage of More Than 3 Hours -
Wednesday, July 8, 2015
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.
36.
Collierville Commits -
Tuesday, June 9, 2015
Right after the Collierville Board of Mayor and Aldermen voted Monday, June 8, to raise the town’s property tax rate by 20 cents, a flash of lightning flared outside the town hall chamber’s windows.
37.
End of Robust Hiring Streak Raises Doubts About Job Market -
Monday, April 6, 2015
WASHINGTON (AP) – For months, the U.S. economy's strength has been flagging.
Manufacturing slowed. Fewer homes were built. Cheaper gas failed to ignite consumer spending. Yet month after month, employers kept on hiring vigorously.
38.
Fed: No Rate Hike Until Job Market Improves, Inflation Rises -
Thursday, March 19, 2015
WASHINGTON (AP) – The Federal Reserve signaled Wednesday that it needs to see further improvement in the job market and higher inflation before it raises interest rates from record lows.
39.
Commercial Success -
Saturday, January 10, 2015
If, as the saying goes, everyone gets 15 minutes of fame, Bart Durham’s has come in 15- and 30-second spurts – the length of the commercials that depict him as a lawyer everyman, ever-ready to tilt at windmills for the sake of justice for the working class.
40.
Schools Funding Back to Mediation -
Thursday, January 8, 2015
When the city of Memphis and Shelby County Schools leaders and their attorneys meet Thursday, Jan. 8, to restart mediation sessions, there will be some familiar terms on the table to resolve the six-year-old funding dispute between the two.
41.
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.
42.
Fed Promises 'Patient' Approach to a Rate Increase -
Thursday, December 18, 2014
WASHINGTON (AP) – The Federal Reserve is edging closer to raising interest rates from record lows given a strengthening U.S. job market and economy. But it says it will be "patient" in determining when to raise rates.
43.
US Savings Bond – A Golden Oldie -
Thursday, September 4, 2014
Ray’s take: U.S. savings bonds are debt instruments issued and fully backed by the federal government and were once touted as a great way to be patriotic. Their attraction historically has been safety (yes), deferred taxes (yes) and convenience (maybe). Traditionally, they were a staple gift for graduates, newlyweds and newborns.
44.
Brown Contempt Case Goes to Appeals Court -
Monday, May 5, 2014
Special Criminal Court Judge Paul Summers has sent the Juvenile Court contempt citation against former Criminal Court Judge Joe Brown to the Tennessee Court of Appeals in Jackson, Tenn.
45.
Brown Contempt Case Goes to Appeals Court -
Friday, May 2, 2014
Special Criminal Court Judge Paul Summers on Friday, May 2, sent the Juvenile Court contempt citation against former Criminal Court Judge Joe Brown to the Tennessee Court of Appeals in Jackson, Tenn.
46.
Poetry in Motion -
Friday, May 2, 2014
Darius Clayton was one of the few people at a recent NAACP political forum who wasn’t running for Shelby County office this year or working for a candidate.
Clayton came to the event at Mt. Olive Cathedral CME Church as part of his immersion into the city’s political environment.
47.
Minutes Show Fed Struggled to Agree on Rate Policy -
Thursday, April 10, 2014
WASHINGTON (AP) – The Federal Reserve struggled last month over how to convey to investors that it will raise short-term interest rates only slowly once it increases them from record lows.
48.
Blast of Winter Weather Can't Faze US Employers -
Monday, March 10, 2014
WASHINGTON (AP) – Brutal winter weather snarled traffic, canceled flights and cut power to homes and factories in February. Yet it didn't faze U.S. employers, who added 175,000 jobs, far more than the two previous months.
49.
AP Survey: US Income Gap is Holding Back Economy -
Wednesday, December 18, 2013
WASHINGTON (AP) – The growing gap between the richest Americans and everyone else isn't bad just for individuals.
It's hurting the U.S. economy.
So says a majority of more than three dozen economists surveyed last week by The Associated Press. Their concerns tap into a debate that's intensified as middle-class pay has stagnated while wealthier households have thrived.
50.
Council’s Ire at Wharton Timing Grows -
Thursday, December 5, 2013
It is a political constant in life at City Hall for Memphis City Council members to complain that they get critical information much too late in the decision-making process and then are pressured by the mayor to make a decision then and there.
51.
Yellen Stands by Fed's Low Rate Policies -
Friday, November 15, 2013
WASHINGTON (AP) – Janet Yellen made clear Thursday that she's prepared to stand by the Federal Reserve's extraordinary efforts to pump up the economy when she's chairman, if that's what it needs.
52.
AP Survey: Sluggish Global Economic Recovery Ahead -
Wednesday, September 18, 2013
WASHINGTON (AP) – A robust recovery for the global economy remains well out of reach.
That's the view that emerges from a survey of economists just as the Federal Reserve is expected this week to reduce its stimulus for the U.S. economy.
53.
Muddled US Jobs Picture to Weigh on Fed Decision -
Monday, September 9, 2013
WASHINGTON (AP) – Employers are sketching a hazy picture of the U.S. job market for the Federal Reserve to weigh in deciding this month whether to reduce its stimulus for the economy – and, if so, by how much.
54.
US Worker Productivity Up at 2.3 Percent Rate -
Friday, September 6, 2013
WASHINGTON (AP) – U.S. workers were more productive from April through June than previously estimated while labor costs were unchanged.
Productivity grew at an annual rate of 2.3 percent in the April-June quarter, up from an initial estimate of 0.9 percent growth, the Labor Department said Thursday. Unit labor costs were flat in the second quarter, less than the 1.4 percent rise the government had initially estimated.
55.
Council Faces Pressure in Financial Crisis -
Friday, June 14, 2013
The Memphis City Council is caught between hints of a state takeover of city finances and the possibility of a lawsuit by most, if not all, of the city’s municipal labor unions in a fiscal crisis that is also evolving into a significant labor dispute.
56.
Comptroller Urges Council to Act on Fiscal Problems -
Thursday, June 13, 2013
That didn’t take long.
An ad hoc committee of Memphis City Council members trying to find common ground between the administration of Memphis Mayor A C Wharton Jr. and the city’s municipal labor unions met for less than an hour Wednesday, June 12, before calling it a day.
57.
Fed Says US Economy has Slowed, Takes No New Steps -
Thursday, August 2, 2012
WASHINGTON (AP) – The Federal Reserve said Wednesday that the U.S. economy is losing strength and repeated a pledge to take further steps to boost growth if hiring remains weak.
The Fed took no new action after a two-day policy meeting. But it acknowledged in a statement released after the meeting that economic activity had slowed over the first half of the year. It also said unemployment remains elevated and consumer spending is rising at a somewhat slower pace.
58.
Bernanke: Bond Buys an Option if Economy Sours -
Thursday, June 21, 2012
WASHINGTON (AP) – Chairman Ben Bernanke said Wednesday that the Federal Reserve is open to another round of bond purchases to lower long-term interest rates and boost growth if the job market doesn't improve.
59.
Citizens Express Budget Concerns -
Thursday, May 24, 2012
Memphis City Council members heard from and saw a lot of opponents of plans to close five Memphis public libraries Tuesday, May 22, during an hour and a half of comments from the public.
“I was going to suggest instead of cutting libraries that you improve them,” said Kaye Veazey.
60.
Jury Hears Recording of Hit Man Talking With Petties Target -
Thursday, February 16, 2012
Tobias Pride said the drug kingpin who hired him to kill Antonio Allen in 2002 had proof “in black and white” that Allen had been cooperating with law enforcement.
61.
Stocks Recover After Bernanke Predicts US Growth -
Monday, August 29, 2011
Stocks rose in afternoon trading Friday after Federal Reserve Chairman Ben Bernanke said the U.S. is on track for long-term economic growth.
Trading volume was light, a sign that many traders were leaving the New York area ahead of Hurricane Irene. The storm is expected to reach the region late Saturday night. A spokesman for the New York Stock Exchange said trading is expected to open as usual on Monday.
62.
Difficult Work Follows Debt Deal -
Monday, August 8, 2011
The consensus among a variety of financial service professionals in Memphis who were questioned in advance about the outcome of the debt ceiling deal seems to have been proven right.
Lawmakers engineered a delicate compromise at the 11th hour. The nation’s borrowing capacity has been expanded, but programs elsewhere have been trimmed. Everyone at the negotiating table walked away with a win. And everyone at the negotiating table also lost something.
63.
Recession Hits Transit Budgets Despite Rising Need -
Wednesday, July 6, 2011
BOSTON (AP) – Cash-strapped and debt-ridden, public transit systems across the nation are trimming service, raising fares and postponing badly needed upgrades just to maintain daily operations, even as rising gas prices increase demand and experts call modernization critical to cities' futures.
64.
IDB Approves Electrolux PILOT -
Friday, January 14, 2011
Electrolux Home Products Inc. was approved for a 15-year payment-in-lieu-of-taxes (PILOT) for its $195 million southwest Memphis manufacturing facility in a special Wednesday session of the Memphis-Shelby County Industrial Development Board.
65.
Electrolux PILOT Approved -
Thursday, January 13, 2011
Electrolux Home Products Inc. was approved for a 15-year payment-in-lieu-of-taxes (PILOT) for its $195 million southwest Memphis manufacturing facility in a special Wednesday session of the Memphis-Shelby County Industrial Development Board.
66.
Bernanke: 4-5 Years to Reach Normal Unemployment -
Monday, January 10, 2011
WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke sketched a more optimistic view of the economy, but said the Fed's $600 billion bond-buying program is needed because unemployment is likely to stay elevated for up to five more years.
67.
CNBC Goes Local With FedEx Broadcast -
Tuesday, December 21, 2010
It was a Memphis morning on CNBC’s “Squawk Box” program Monday, with FedEx founder Fred Smith guest hosting the show’s broadcast from Hangar 26 at FedEx’s SuperHub at Memphis International Airport.
68.
Municipal Bond Market Draws Scrutiny -
Wednesday, November 24, 2010
One of the newest corners of the economy to come under scrutiny is one of the most traditionally predictable.
Municipal bond prices saw some surprising drops this month, leading to concern about what might be around the corner in the normally stable market for bonds backed by state and local governments and other public entities.
69.
Technological Tactics -
Wednesday, November 10, 2010
The sensory system that reports information to the brain center for the Memphis Police Department’s Blue CRUSH initiative is about to be upgraded with new tools.
The high-tech gadgetry includes fixed license plate readers on interstate highways, 1,500 tracking bracelets for repeat offenders out on bond and neighborhood surveillance devices that can pinpoint the location of gunshots.
70.
AP-CNBC Poll: Investors Wary of Stock Trading -
Wednesday, September 15, 2010
WASHINGTON (AP) – Wild gyrations on Wall Street have made U.S investors leery of buying individual stocks and skeptical that the market is a fair place to park their money.
In an Associated Press-CNBC poll of investors, 61 percent said the market's recent volatility has made them less confident about buying and selling individual stocks. And the majority of those surveyed – 55 percent – said the market is fair only to some investors.
71.
Pinnacle Board Gets Downtown Hard Sell -
Wednesday, August 11, 2010
Pinnacle Airlines Corp. executives, after listening to a coordinated, Downtown-focused pitch from developers, businessmen and political leaders, will now take about a month to finish deciding where to relocate their corporate headquarters.
They’re considering sites Downtown, near Memphis International Airport as well as beyond the city. Mississippi has made what Pinnacle acknowledged is a “generous” offer for the company to move to Olive Branch.
Pinnacle executives are in town this week for the Memphis-based regional air carrier’s regular board meeting. Backers of the proposal to make Pinnacle the anchor tenant at Downtown’s One Commerce Square took that opportunity to make their case directly to the company in a private meeting Tuesday evening on the 29th floor of the landmark tower.
After about an hour, Pinnacle executives descended to the One Commerce lobby, where Memphis’ business elite were gathered, refreshments were served, and projected onto a screen were the words “Pinnacle Land Here” against a backdrop of the city.
Guests included a handful of political leaders, representatives of the Greater Memphis Chamber, EmergeMemphis, the Center City Commission and the heads of Memphis two largest locally-based banks, First Tennessee and Independent Bank, among other people.
Contrasting with the traditional nametags everyone else wore, the nametags of Pinnacle board members were brightly colored. All the better, Downtown supporters pointed out, for identifying them and laying on the charm.
“We’re going to fill this building,” exclaimed Karl Schledwitz, one of the partners with Southland Capital president Terry Lynch involved in buying the tower and working to lease a significant portion of it to Pinnacle.
As guests mingled, a marketing video produced by the Center City Commission was played on one wall that featured Downtown workers talking up the neighborhood. The same video was shown earlier that evening during the private pitch to Pinnacle’s board.
Making the case to the board were Memphis Mayor A C Wharton Jr.; incoming Shelby County Mayor Mark Luttrell and representatives of the investors buying One Commerce, as well as the Center City Commission and the Looney Ricks Kiss architectural firm.
“Pinnacle Airlines Corp.’s board of directors participated in a walk-through of One Commerce Square, hosted by members of the Center City Commission, the investors who are buying the building, and key business and government leaders,” said Phil Trenary, Pinnacle’s president and CEO, in a statement released Tuesday night. “This visit gave our board an opportunity to get a firsthand look at the building.
“Pinnacle has not selected a new site and still has to complete an in-depth analysis on this and other sites. We appreciate the interest and enthusiasm that the City of Memphis, the CCC, the Chamber and the ownership group have shown as we move through this process.”
Tuesday was the culmination of a months-long synchronized attempt at deal-making among several entities working to keep Pinnacle from being lured away from Memphis.
Details of the multimillion-dollar incentive package business and civic leaders have pieced together to cement the Downtown location for Pinnacle also began to trickle out Tuesday.
Coupled with that, a series of well-timed dominoes still needs to fall into place before a deal sweetened with a variety of incentives comes together.
Lynch confirmed Tuesday afternoon that several things have to happen more or less simultaneously.
The city, or perhaps an entity like one of the Center City Commission’s affiliated boards, would need to buy a nearby parking garage at the same time the investors buy One Commerce Square and at the same time Pinnacle signs a lease. Plans in the works now call for leasing the nearby parking garage back to One Commerce Square's new owners and giving Pinnacle parking there. More Pinnacle parking would be available at 250 Peabody Place.
Lynch said a memorandum of understanding has already been making its way around to various people involved in the deal. Wharton, outgoing Shelby County Mayor Joe Ford and CCC President Paul Morris have all signed a memo outlining the proposed incentives.
Lynch said U.S. Bank, the current owner of One Commerce Square, has accepted the investment group’s bid, but plenty more moving pieces need to fall into place.
“We have a letter of intent and we’re working through a contract right now. We’re just going back and forth. That’s the status of it right now,” Lynch said.
He said the timeline for next steps is fluid.
“If we don’t get past the first one, we can’t get to the second one,” Lynch said. “There’s various steps we have to get to.”
Wharton said Tuesday the city would like to commit $3 million from the $5 million economic development fund Wharton recently asked for the City Council’s approval to establish.
Wharton also mentioned Tuesday the possibility of applying for $15 million in American Recovery and Reinvestment Act bond allocations from the state to add to the pot of financing for the Pinnacle deal.
Another facet of the issue is how to pay for and fit into the package the acquisition of a nearby parking garage for Pinnacle’s use. The importance of that topic was discussed by Downtown officials with Pinnacle’s board Tuesday night.
“Landing Pinnacle Downtown would be a big boost in all kinds of ways,” said council member Bill Boyd.
U.S. Bancorp recently accepted the bid to buy One Commerce Square tower from a group of investors that includes Lynch; Schledwitz; and Gary Prosterman.
Lynch’s group is committing $25 million to $30 million on the building, which includes the purchase price and improvements to the building in the coming months. The group is now teeing up a deal to make Pinnacle the building's anchor tenant, something that Wharton has said will be an attraction to other businesses that have expressed interest in following suit if Pinnacle inks a deal.
Lynch wasn’t able to disclose the building's formal purchase price, but One Commerce Square was listed for $12 million.
Look for updates at The Daily News Online, www.memphisdailynews.com.
...72.
Sanofi-Aventis to Buy Gold Bond Maker Chattem -
Tuesday, December 22, 2009
TRENTON, N.J. (AP) - French drugmaker Sanofi-Aventis SA said Monday it plans to buy the Chattanooga-based health-care company Chattem Inc., maker of over-the-counter mainstays like Gold Bond skin products, for $1.9 billion in cash.
73.
Mega Bucks -
Monday, December 14, 2009
Ten years ago, Jim Ewing and Jim Bruce wrote a piece for Site Selection, a trade magazine for people in the business of consulting on the best locations to build industrial plants. It was called “The Approaching Industrial Land Shortfall.”
74.
Lowery Tells Rotary Forum He's Two Year Mayor -
Tuesday, October 6, 2009
Memphis Mayor Pro Tempore Myron Lowery told an audience of 200 today that he probably would not run in the 2011 city elections if he wins the Oct. 15 special election for mayor.
75.
A Mayor’s Race to Remember: Candidates pump up the drama as election nears -
Monday, September 21, 2009
The field is set at 25 candidates and Memphians start voting Sept. 25 in a mayor’s race that has been neither a surprise nor the expected.
But there’s no guarantee the election will settle what the post-Willie Herenton era will look like. Too many other events still have to be decided.
76.
Plea Deal Reveals New Details About Swindle Case -
Monday, August 31, 2009
HOUSTON (AP) – The former finance chief for jailed Texas financier R. Allen Stanford said his boss created a business empire where blood oaths were taken to secure loyalty, bribes were paid from a secret Swiss bank account and investor profits were more fiction than financial genius.
77.
Runaway Receiver at Odds With SEC in Stanford Case -
Monday, August 17, 2009
DALLAS (AP) – The attorney who’s supposed to clean up what the government says was Texas businessman R. Allen Stanford’s multibillion-dollar Ponzi scheme is managing to anger just about every party involved in the case.
78.
There Goes the Neighborhood: New hope emerges in one of Memphis’ roughest areas -
Monday, July 6, 2009
Hope and despair have co-existed for a long time along the stretch of Poplar Avenue between Danny Thomas Boulevard and Decatur Street. And for the past two years, the area has seen more change than just about any other inner-city avenue in Memphis.
79.
Lawmakers Question AIG Plan, Future -
Thursday, May 14, 2009
WASHINGTON (AP) - The government-installed head of AIG told Congress Wednesday the insurance giant is making progress toward repaying U.S. taxpayers by selling many of its foreign assets, but lawmakers questioned whether the plan makes sense and demanded details.
80.
Gold Strike Parent Company Warns of Default -
Thursday, March 5, 2009
MGM Mirage, the parent company of Tunica’s Gold Strike Casino, late Tuesday warned in a filing with the U.S. Securities and Exchange Commission that it may go into default on its debt payments.
The company’s stock and bond prices plunged Wednesday in response to the news. The company’s stock, which had been trading in the range of $4.50 on Friday, was down to $2.10 during the noon hour Wednesday.
81.
A Look at Financial Developments Around the World -
Tuesday, October 14, 2008
A look at what happened in some stock markets around the world Monday:
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EUROPE (AP) – European governments overcame their differences to put 1.7 trillion euros ($2.3 trillion) on the line in guarantees and other emergency measures to save the banking system, in their most unified response yet to the global financial crisis. The pledges by six countries that use the euro and Britain helped soothe stock markets, along with a promise by top central banks to provide unlimited short term dollar credits.
82.
Virginia Rippee & Associates Celebrates 25 Years Designing for Clients -
Monday, August 4, 2008
Local entrepreneur Virginia Rippee has always loved art and design, and she pursued that passion as a profession, building a career and a business around the field of interior design. Her firm, Virginia Rippee & Associates Interior Design, is now celebrating 25 years of serving residential and commercial clients – in and around Memphis.
83.
Jurors Get Closer Look At Ford Recordings -
Thursday, May 15, 2008
Jurors in the federal corruption trial of former Memphis City Council member Edmund Ford Sr. got their first look Wednesday at recordings of Ford taking money from the government’s informant in the case.
84.
Cooper Testifying In Ford Trial -
Wednesday, May 14, 2008
Former Shelby County Commissioner Joe Cooper will continue his testimony Wednesday in the federal corruption trial of former Memphis City Council member Edmund Ford Sr.
Cooper, who took the witness stand late Tuesday afternoon, is the key government witness in the trial which is expected to last all of this week. When he met with Ford between August and November 2006, Cooper was cooperating with the FBI, recording the conversations and passing money provided by the FBI to Ford.
85.
Crime Center Might Not be Crystal Ball, But Close Enough -
Friday, April 18, 2008
Memphis Police raised the curtain this week on the Real Time Crime Center (RTCC) that goes online in late May or early June.
The coordinated set of video and audio monitors, as well as computer hardware and software in the command center, are the latest part of an emerging three-year strategy by Police Director Larry Godwin.
86.
Award-Winning Filmmaker Tells Little-Known St. Jude Story -
Friday, February 1, 2008
Documentary filmmaker and University of Memphis film professor Craig Leake won two Mid-South Emmy Awards last week in Nashville, Tenn., for his film, "The Chemo Ate My Homework," a look at the teachers who work for St. Jude Children's Research Hospital.
87.
Events -
Thursday, January 17, 2008
Women on the Move will host a luncheon today at 11:30 a.m. at The Crescent Club, 6075 Poplar Ave., ninth floor. My Harrison, special agent in charge of the FBI Memphis field office, is the featured speaker. The cost is $19.50 per person. For reservations, call 684-1010.
88.
Judge Defers Ford's Jailing -
Tuesday, October 2, 2007
Former state Sen. John Ford will not be reporting to prison later this month as scheduled.
Monday, U.S. District Judge J. Daniel Breen delayed the Oct. 17 report date to a federal prison in Anthony, Texas, possibly until sometime in December or after Ford is tried on federal corruption charges in Nashville.
89.
Legal Community Gets Chance To Dissect Winkler Case -
Thursday, June 21, 2007
Attorneys are said to practice law because that is exactly what they do - constantly practice to learn more about their craft and the law itself.
So when a high-profile case such as the recent first-degree murder trial of Mary Winkler comes along, it offers a unique opportunity for attorneys to take a look back and see what can be learned.
90.
MATCU HostsHome-Buying Workshop -
Thursday, May 24, 2007
The Memphis Area Teachers' Credit Union (MATCU) will host a home-buying education workshop next month.
The workshop will be held June 16 at 1 p.m. at MATCU's main office at 7845 U.S. 64 91.
Archived Article: Daily Digest -
Wednesday, December 1, 2004
Court Square Property Court Square Property
Financed for $8 Million
THG Court LLC has financed four parcels totaling 1.79 acres near North Mid America Mall and West Court Avenue for $8 million, according to The Daily News Public Records Dat...
92.
Archived Article: Comm Focus -
Friday, September 5, 2003
Group Attracts Members from all Walks of Life Group Attracts Members from all Walks of Life
JANE ALDINGER
The Daily News
A middle school science teacher, a doctoral student, a group of FedEx employees, a Two Men and a Truck mover its an ...
93.
Archived Article: Comm Focus -
Friday, January 24, 2003
Artist teaches classical technique with modern flair Artist teaches classical technique with modern flair
By STACEY WIEDOWER
The Daily News
Five emerging artists, energized about their work and eager to share their budding interest with ...
94.
Archived Article: Real Briefs -
Tuesday, January 11, 2000
Shelby County Mayor Jim Rout will install new officers and board members at the Associated Builders and Contractors annual mee Shelby County Mayor Jim Rout will install new officers and board members at the Associated Builders and Contractors annual...95.
Archived Article: Standout St -
Friday, July 23, 1999
By SUZANNE THOMPSON Success through service Floyd Harris believes the road to happiness is paved with community activism By SUZANNE THOMPSON The Daily News When Floyd Harris retired from the U.S. Defense Department in 1993, he didnt buy a condominiu...96.
Archived Article: Comm Focus -
Friday, March 13, 1998
By SUZANNE THOMPSON A house that is home Ronald McDonald House provides St. Jude patients and their families with rooms and often, relationships By SUZANNE THOMPSON The Daily News Ronald McDonald House is more than just brick and mortar or pillars a...97.
Archived Article: Comm Briefs -
Friday, August 29, 1997
Memphis Light Gas and Water Division was one of several high-ranked utilities in Standard & Poors profile of 58 retail public power agencies, 36 wholesale public power agencies and 122 investor-owned utilities Memphis Light Gas and Water Divisio...98.
Archived Article: Taco Rock Lj -
Thursday, April 3, 1997
lj 10/5 cates Taco Rock to open Downtown By LAURIE JOHNSON The Daily News Taco Rock, a Mexican restaurant formerly located in Overton Square, has been purchased by a new ownership group and is moving to new quarters Downtown in Court Square. The res...99.
Archived Article: Inv Briefs -
Monday, January 8, 1996
01/08 Inv briefs Ralph Horn, chief executive officer of First Tennessee National Corp., was named chairman of the board, effective Jan. 1, 1996. Horn succeeds Ronald Terry, who had served as chairman of the board since 1973. Terry retired at the end...