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Editorial Results (free)

1. MSO, University of Memphis Partnership Will Open New Doors -

A new partnership between the Memphis Symphony Orchestra and the University of Memphis may become a model for sustainability of fine arts organizations in a new economic landscape.

Earlier this month, the symphony and U of M announced a three-year, renewable partnership to bring the MSO into residence at the university. The partnership will reduce the annual operating budget for the financially strapped MSO by 40 percent and offer synergy for the two entities to build further revenue around programming and music education innovations.

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

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

3. Available Class-A Office Space Scarce in Memphis -

ServiceMaster is looking to relocate its headquarters into a Class A office building, and Memphis just doesn’t have room.

“For the past two years, we’ve been using those phrases,” said Ron Kastner, senior vice president with CBRE.

4. Analysis: Competition Intensifying, But FedEx Still Protected for Now -

The package shipment startup where Matthew Hertz works as director of operations is perfectly tailored to the digital age.

California-based Shyp was set up to capitalize on the legacy cost structures and operations of traditional logistics companies. Its users snap a photo of the item they want to ship and enter an address, at which point Shyp shows up at their door and takes care of the rest.

5. Gawker May Be Looking to Sell After Losing Hulk Hogan Case -

NEW YORK (AP) – The embattled online media company Gawker Media has hired an investment banker to explore its options, including a possible sale.

Two months ago, Gawker lost a $140 million invasion-of-privacy suit against Hulk Hogan over a sex tape of the wrestler that the site posted online. It emerged this week that Silicon Valley billionaire Peter Thiel wasbehind the suit . He told The New York Times that he has bankrolled lawyers to mount cases against Gawker because one of the company's blogs, the now-defunct Valleywag, posted a story in 2007 that said he was gay. The company also wrote other articles that he said he considered critical of his friends and others.

6. Dollar General Q1 Profit Beats as Customers Spend More -

GOODLETTSVILLE, Tenn. (AP) – Discount retailer Dollar General on Thursday posted better-than-expected first-quarter profit as more customers spent more.

Sales at stores open at least a year, considered an important measure of a retailer's health, rose 2.2 percent in the fiscal first quarter from the same period the year before. More customers came to stores and the average amount they spent rose too.

7. CEO Pay Climbs Again, Even As Their Stock Prices Don't -

NEW YORK (AP) – CEOs at the biggest companies got a 4.5 percent pay raise last year. That's almost double the typical American worker's, and a lot more than investors earned from owning their stocks – a big fat zero.

8. Female CEOs See Pay Rise, But Numbers Remain Small -

For the second year in a row, female CEOs earned more than their male counterparts and received bigger raises. But only a small sliver of the largest companies are run by women, and experts say gender parity at the top remains way off.

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

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

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

10. Appeals Court Reverses Fraud Finding Against Bank of America -

NEW YORK (AP) – Bank of America Corp. was not liable for fraud and subject to a penalty of over $1.2 billion for its actions before the economy collapsed in 2008 despite a jury's finding to the contrary, a federal appeals court ruled Monday.

11. Global Ministries Continues to Take More Heat -

The receiver for the Warren and Tulane Apartments is in place with the notice filed in Memphis federal court last week that Foresite Realty Management LLC had accepted the job and that its bonding is in place.

12. Medical Device Startup Founders Flock To Memphis for ZeroTo510 Cohort -

It was during a hospital stay for severe abdominal pain while Srinath Vaddepally was studying for his master’s degree that he got an idea for the product and company that would eventually bring him to Memphis.

13. Phil Mickelson to Forfeit Nearly $1 Million in SEC Case -

NEW YORK (AP) – The professional golfer Phil Mickelson has agreed to forfeit nearly $1 million that the Securities and Exchange Commission said was unfairly earned on a tip from an insider trading scheme conducted by a former corporate director and a professional gambler.

14. Latest 'High Gear' Book Maps Success for College Grads, Millennials -

The 21 million U.S. students enrolled in postsecondary schools grew up with technology and the hourly clock of life ticking ever faster. Yet this has not always translated into a generation of young people ready to attack a world that waits for no one.

15. PFM Group Promotes Lowe To Managing Director -

Lauren Lowe has been promoted to managing director of The PFM Group, a leading provider of independent financial and investment advisory services to state and local governments and not-for-profit institutions. Based in PFM’s Memphis office, Lowe serves the firm’s municipal advisory clients. Her areas of expertise include debt transactions and structuring, strategic planning, pricing and cash flow analysis as well as advising many of her local government clients on policy development.

16. Delay On Larger Pinch Plan Grows Uneasy -

When Memphis Mayor Jim Strickland met last week with representatives of Bass Pro Shops and city council member Berlin Boyd – the council member whose district includes the Pyramid, Mud Island, the Pinch District and St. Jude Children’s Research Hospital – there was a lot of turf to discuss.

17. Memphis Remains a Hot Market for Investors -

Local rental housing continues to be a popular buy for real estate investors. In the first quarter of 2016, 1,017 rental homes were purchased in Memphis and Shelby County, accounting for 30 percent of all home sales, according to data from Chandler Reports, a division of The Daily News Publishing Co.

18. FedEx, er, University of Memphis to Big 12? -

The slogan still resonates: When it absolutely, positively has to be there overnight.

All the world came to know that was Federal Express. I can remember knowing it was Federal Express.

19. Tribune Adopts Shareholder Rights Plan to Fend Off Gannett -

NEW YORK (AP) – Fending off an unsolicited takeover by the owner of USA Today, Chicago's Tribune Publishing has adopted a shareholder rights plan, better known as "poison pill."

Gannett offered to buy Tribune Publishing last month for more than $388 million. Tribune rejected the offer last week, saying the price was too low. The company owns the Los Angeles Time, Chicago Tribune and a number of other newspapers.

20. What’s Your Innovation Definition? -

So many organizations set out to innovate but lose their way close to the finish line. All of the time, money and energy invested loom over them like an ominous shadow of failure ready to overtake the whole scene.

21. $5.5 Billion Company Stakes Headquarters in Memphis -

Three packaging companies are combining to create a $5.5 billion conglomerate that will locate its headquarters in Memphis.

Evergreen Packaging's consolidated global headquarters will create 70 jobs with an average salary of $176,283 and nearly $1 million in capital investment.

22. Memphis Consultant Says Airport Area ‘Gone’ for Hotel Development -

One of the last remaining hotels near Memphis International Airport has sold in foreclosure for the second time in less than five years.

Chuck Pinkowski, a local hotel consultant with Pinkowski & Co., said that a multimillion-dollar renovation couldn’t save the Holiday Inn from a declining hotel market.

23. Aeropostale, One-Time Mall King, Seeks Bankruptcy Protection -

NEW YORK (AP) – Aeropostale, once the vibrant epicenter of the U.S. mall scene, is seeking Chapter 11 bankruptcy protection and closing 20 percent of its stores in North America.

The New York company said Wednesday that it is closing 113 of its 739 U.S. stores and all 41 locations in Canada. Going-out-of-business sales at those U.S. stores will begin this weekend.

24. Metlife Fined $20M for Variable Annuities Switches -

WASHINGTON (AP) – MetLife has been fined $20 million by Wall Street's policing body for misleading customers in switching them from variable annuities contracts into more expensive ones.

25. Startup Teams Announced for ‘Summer Of Acceleration’ -

Monday, May 2, marked Day One of Memphis’ first “summer of acceleration,” a joint program of seven startup accelerators running concurrently that have collectively drawn the participation of 18 startup teams and dozens of founders hailing from as far away as Slovenia and Israel.

26. Last Word: Budget-Mania, TNReady's Backstory and Slow Down Millenial Investors -

The Overton Park Greensward controversy moves back to City Hall Tuesday as the council talks over an ordinance that sets further in stone the council’s decision in March to give the Memphis Zoo control of two-thirds of the greensward.

27. How Healthy is Your Organization? -

It is officially allergy season. Stuffy nose, itchy watery eyes and sore throat are all normal symptoms, but how do you know when these might point to a larger problem? Symptoms can alert us to greater underlying problems, but don’t often give us the complete story. This is also true in a business setting.

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

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

29. 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.

30. LMCB Social Does the Marketing Many Small-Business Owners Can’t -

Any business has a lot of variables, unique variables that those not in the industry could never fully grasp.

But time is finite for all. So when Lisa Creswell Busby started her own one-woman shop, LMCB Social, she did so with a certainty of understanding:

31. UPS 1st-Quarter Profit Rises 10 Percent, Beating Forecasts -

DALLAS (AP) – United Parcel Service Inc. said Thursday that first-quarter profit rose 10 percent to $1.13 billion, helped by an increase in both ground shipments and next-day air deliveries in the United States.

32. Chinese Company to Build $1 Billion Mill in South Arkansas -

LITTLE ROCK, Ark. (AP) – The Chinese company Sun Paper announced plans Tuesday for a $1 billion mill in southern Arkansas, the paper company's first facility in North America.

Joined by Sun Paper officials to announce the project at the state Capitol, Gov. Asa Hutchinson said the project will create 250 jobs and is one of the largest private investments in Arkansas' history. Company and state officials said they expected the project to employ 2,000 people during its construction and create an additional 1,000 jobs indirectly in the timber industry.

33. $12.6M Building Permit For New Ballet Memphis HQ -

2144 Madison Ave.
Memphis, TN 38104
Permit Amount: $12.6 million

Owner: Ballet Memphis
Tenant: Ballet Memphis
Architect: Archimania
Contractor: Grinder, Taber & Grinder
Details: Ballet Memphis is setting the stage for its Overton Square headquarters as Grinder, Taber & Grinder recently applied for a $12.6 million building permit for new construction.

34. Canadian Pacific Ends Bid to Buy Norfolk Southern -

OMAHA, Neb. (AP) – Canadian Pacific said Monday that it is ending its nearly $30 billion takeover bid for Norfolk Southern, less than six months after it offered to buy the rival railroad.

35. Brown-Forman Introducing First New Bourbon Brand in 20 Years -

LOUISVILLE, Ky. (AP) – The spirits company behind Jack Daniel's Tennessee Whiskey is taking a deeper plunge into Kentucky bourbon.

36. Moving Dirt -

The Memphis development community is looking inward and upward to increase density in the urban core. New construction is happening across all four commercial real estate sectors, with long-anticipated projects like Trader Joe’s and the redevelopment of Central Station finally coming to fruition. Construction and operating costs continue to be a challenge as new projects hit the top of their class to command higher rents.

37. Stricter Rules Unveiled for Brokers Giving Retirement Advice -

WASHINGTON (AP) – The Obama administration acted Wednesday to require that brokers who recommend investments for retirement savers meet a stricter standard that now applies to registered advisers: They must act as "fiduciaries" – trustees who are obligated to put their clients' best interests above all.

38. Statewide Demand Outstrips Supply of Qualified Workers -

Tennessee is surging as a major manufacturing state, bouncing back from the Great Recession by attracting billions of dollars in new investment and creating thousands of new – and often very high-paying – advanced manufacturing jobs.

39. Spotify Adds $1 Billion to War Chest on Way to IPO -

LOS ANGELES (AP) – Music streaming leader Spotify has raised $1 billion in debt as it looks to buy companies that could accelerate its growth before listing shares on the public market within the next couple of years, according to two people familiar with the matter.

40. ALSAC Buys Warehouse For $6 Million -

483 Manassas St.
Memphis, TN 38105

Sale Amount: $6 million

Sale Date: March 17, 2016

Buyer: ALSAC

Seller: Michael Nussbaum and Joyce Nussbaum

41. GOP Lawmaker Questions Haslam's Secret $30M Development Deal -

NASHVILLE, Tenn. (AP) – A state senator on Tuesday questioned fellow Republican Gov. Bill Haslam's proposal to earmark $30 million for an undisclosed economic development project in Tennessee.

42. Jury: Gilead Owes Merck $200M in Damages Over Drug Patents -

The federal jury in a patent trial has ordered drugmaker Gilead Sciences to pay Merck $200 million in damages for infringing on patents for hepatitis C drugs.

The award is far below the damages Merck sought, but the trial moves to a new phase Wednesday. The jury, in San Jose, California, then will decide whether Merck & Co. is due royalties on sales of Gilead's hepatitis C drugs, Harvoni and Sovaldi.

43. Fred’s Set for Rebound in 2016 -

Twenty-four years ago this month, Memphis-based discount retailer Fred’s Inc. went public.Today, for a variety of reasons that include Fred’s ongoing shot at a turnaround, the company finds itself in a period of unprecedented change.

44. Fred’s Reports Q4 Loss, Chairman to Step Down -

Memphis-based Fred’s Inc. announced Wednesday, March 23, that Michael J. Hayes will step down as chairman of its board of directors on April 15.

The news came the same day Fred’s reported a fiscal fourth-quarter loss of $3.9 million, or 11 cents per share, falling short of Wall Street forecasts.

45. Crye-Leike Sales Near Pre-Recession Volume -

Tennessee-based Crye-Leike saw $5.7 billion in sales for 2015, marking the second-highest sales performance in the company’s 39-year history.

The real estate brokerage firm hit its high water mark in 2006 with $6.1 billion in sales.

46. 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.

47. Fred’s Reports Q4 Loss, Chairman to Step Down -

Memphis-based Fred’s Inc. announced Wednesday, March 23, that Michael J. Hayes will step down as chairman of its board of directors on April 15. The news of Hayes’ departure came the same day Fred’s reported a fiscal fourth-quarter loss of $3.9 million, or 11 cents per share, falling short of Wall Street forecasts.

48. Crye-Leike Sales Near Pre-Recession Volume -

Tennessee-based Crye-Leike saw $5.7 billion in sales for 2015, marking the second-highest sales performance in the company’s 39-year history.

The real estate brokerage firm hit its high water mark in 2006 with $6.1 billion in sales.

49. International Paper Buys Madrid Newsprint Mill -

Memphis-based International Paper has bought a newsprint mill in Madrid, Spain, with plans to convert the plant to produce recycled containerboard.

The binding agreement with Holmen Paper was announced Wednesday, March 16. Under the terms of the deal, International Paper would purchase the mill, as well as associated recycling operations and a 50 percent ownership interest in a cogeneration facility.

50. Evergreen Packaging, Hollywood Feed Make Big HQ Moves -

At its March 16 meeting, the Memphis-Shelby County Economic Development Growth Engine Board approved tax incentives for two companies, creating 101 jobs and $8.1 million in local tax revenue.

A payment-in-lieu-of-taxes incentive went to Evergreen Packaging Inc., making Memphis the site of a global headquarters for a company with $5 billion in annual revenue.

51. International Paper Buys Madrid Newsprint Mill -

Memphis-based International Paper has bought a newsprint mill in Madrid, Spain, with plans to convert the plant to produce recycled containerboard.

The binding agreement with Holmen Paper was announced Wednesday, March 16. Under the terms of the deal, International Paper would purchase the mill, as well as associated recycling operations and a 50 percent ownership interest in a cogeneration facility.

52. Events -

Memphis Irish Society will host a family-friendly St. Patrick’s Day parade in Cooper-Young on Thursday, March 17, at 10 a.m. The route starts at First Congregational Church, 1000 S. Cooper St., and travels north to Memphis Made Brewing, 768 S. Cooper St. Visit memphisirish.com.

53. Events -

Buckman Performing & Fine Arts Center will host contemporary dance ensemble Hubbard Street 2 Dance Chicago on Wednesday, March 16, at 7 p.m. at Buckman, 60 Perkins Road Extended. Buy tickets at buckmanartscenter.com.

54. Grimes Joins Barge Waggoner As Transportation Project Manager -

Keafur Grimes has joined Barge, Waggoner, Sumner and Cannon Inc. as transportation project manager, bringing with him more than 35 years of experience. In his new role, Grimes manages transportation planning and construction projects to meet federal, state and local regulations; ensures that projects meet quality compliance and assurance standards as well as customer needs; and are delivered on time and within budget.

55. Events -

The Orpheum Theatre will present Broadway musical “The Book of Mormon” Tuesday, March 15, through March 20 at the theater, 203 S. Main St. Buy tickets at orpheum-memphis.com.

AARP Cordova Chapter will meet Wednesday, March 16, at 11:30 a.m. at the Cordova branch library, 8457 Trinity Road. The topic is colon cancer awareness. Email fmyers912@yahoo.com for details.

56. Jernigan Capital Reports 2015 Results -

Memphis-based Jernigan Capital, a company that acts as a source of capital for self-storage entrepreneurs, closed $175.7 million of investment transactions between March and the end of 2015.

That’s according to the company’s 2015 earnings results, released late Monday, March 7. Among other highlights, the company built up a more than $600 million pipeline as of the beginning of this week and obtained up to $110 million of additional private capital.

57. Ulta to Join Nordstrom Rack in Poplar Commons Retail Center -

Ulta Beauty will be a neighbor of Nordstrom Rack in the upcoming Poplar Commons shopping center, set to open in the fall of 2017.

This will be the third Ulta store in the Memphis market and the first in the East Memphis submarket.

58. Jernigan Capital Reports 2015 Results -

Memphis-based Jernigan Capital, a company that acts as a source of capital for self-storage entrepreneurs, closed $175.7 million of investment transactions between March and the end of 2015.

That’s according to the company’s 2015 earnings results, released late Monday, March 7. Among other highlights, the company built up a more than $600 million pipeline as of the beginning of this week and obtained up to $110 million of additional private capital.

59. St. Louis Cardinals Sell Majority Stake in Memphis Redbirds -

Less than two years ago, the St. Louis Cardinals finalized their purchase of their Triple-A affiliate, the Memphis Redbirds. Now, the Cardinals, pending full approval from the Pacific Coast League, have announced on Monday, March 7, that they have reached an agreement to sell a majority interest in the Redbirds to Peter B. Freund, the Principal Owner of Trinity Baseball Holdings.

60. Bloomberg Again at Center of His Company, But Readying Exit? -

NEW YORK (AP) – Since returning to the financial information company that bears his name, Michael Bloomberg has presided over two years of robust expansion andrecord revenue, all while laying the groundwork for his second departure – whether that's to retirement in 10 years or a presidential campaign in 10 days.

61. Birth of A Product Company, Part 4 -

Editor’s note: Part four in a four-part series. “After you have a solid business plan and actual market feedback on your product concepts, including revenue,” I continued, “you’ll want to think about raising capital.”

62. Millennials Hire Computers to Invest Their Money -

PHOENIX (AP) – Computers help us decide what route to take to the grocery store, who to date, and what music to listen to. Why shouldn't they also decide how we invest?

Younger investors, particularly those born in the early 1980s to late 1990s known as millennials, are increasingly adopting apps and what are known as robo-advisers to make their retirement decisions for them. In the last year Betterment, Wealthfront, Acorns and others have brought in several billions of dollars in assets that used to be handled by traditional brokerages or wealth advisers.

63. Medtronic Q3 Profit Rises 12 Percent, Revenue Up 61 Percent -

NEW YORK (AP) – Medtronic's third-quarter revenue soared more than 60 percent, led by health sales of heart and surgical devices in the U.S.

The company earned $1.1 billion, or 77 cents per share. Earnings, adjusted for one-time gains and costs, were $1.06 per share, which was in line with Wall Street expectations, according to a survey by Zacks Investment Research.

64. EdR Reports 34 Pct. Drop In Fourth-Quarter Earnings -

EdR wrapped up the fourth quarter of 2015 with an increase in funds from operations but a sharp drop in net income.

The Memphis-based real estate investment trust on Monday, Feb. 22, reported Q4 net income of $14.8 million, or 27 cents per share. That’s a 34 percent decrease from Q4 2015, when net income was $22.4 million, or 47 cents per share.

65. Retail Projects in Memphis Suburbs, Oxford Staple of Trezevant Realty Corp. -

Germantown-based Trezevant Realty Corp. has deep roots in the Mid-South commercial real estate market, and the uptick in the economy has more projects moving full-steam ahead.

66. Poplar Opens Up -

The prized retail stretch of Poplar Avenue between Perkins Road and Interstate 240 is shaking up in a way the area hasn’t seen in several decades. Within the next two years, more than 230,000 square feet will be made available in what has historically been a tight trade area.

67. UPS Invests in Same-Day Delivery Company Deliv -

NEW YORK (AP) – UPS, looking for ways to get goods to shoppers faster, is investing in same-day delivery company Deliv.

Deliv, founded nearly four years ago, works with Macy's Inc., Kohl's Corp. and other retailers to deliver online orders within the same day. Shoppers select same-day delivery when they're about to buy something from the retailer's website and Deliv's workers get it delivered. Retailers pay Deliv for its service and the stores usually charge customers. At Kohl's, for example, shoppers pay $9.95 for same-day deliveries on orders above $75 and $14.95 for orders below $75.

68. EdR Reports 34 Percent Drop in Q4 Earnings -

EdR wrapped up the fourth quarter of 2015 with an increase in revenue but a sharp drop in net income.

The Memphis-based real estate investment trust on Monday, Feb. 22, reported Q4 net income of $14.8 million, or 27 cents per share. That’s a 34 percent decrease from Q4 2014, when net income was $22.4 million, or 47 cents per share.

69. Trailblazer -

Carolyn Chism Hardy is a trailblazer, a success story, an advocate for the poor and middle class, and now she’s one of the most influential people in the private sector.

70. EDGE Finds Local Business Gains From PILOT Awards -

In a Feb. 2 letter, Councilman Berlin Boyd called for EDGE to put a three-month delay on granting tax breaks and increase transparency about the investment that companies receiving tax breaks have made in the local minority- and women-owned business community.

71. Fogelman Management Group Adds 2,200 Apartment Units -

Fogelman Management Group, a Memphis-based property management and investment group, has added 2,200 apartment units across eight properties to its portfolio.

The newly managed buildings in Florida, Texas and Georgia bring Fogelman Management Group’s portfolio to 21,000 units valued at $2 billion. Those properties are located in 25 cities in the Southeast, Southwest and Midwest.

72. Orleans at Walnut Grove Sells for $29.2 Million -

317 Royal Chartres Square E.
Cordova, TN 38018

Sale Amount: $29.2 million

Sale Date: Feb. 4, 2016

Buyer: PC Orleans LLC

73. Visa Discloses Stake in Dorsey's Company, Square -

NEW YORK (AP) — Shares in the mobile payment services company Square rose sharply Friday after Visa disclosed the details of its ownership stake in the company.

While Visa's stake amounts to about 1 percent of the company, and the stake was established at least 5 years ago, investors interpreted the announcement as a major endorsement of Square by Visa, the world's largest payment processing company.

74. Visa Discloses Stake in Dorsey's Company, Square -

NEW YORK (AP) — Shares in the mobile payment services company Square rose sharply Friday after Visa disclosed the details of its ownership stake in the company.

While Visa's stake amounts to about 1 percent of the company, and the stake was established at least 5 years ago, investors interpreted the announcement as a major endorsement of Square by Visa, the world's largest payment processing company.

75. Meeting the Demands of a Rapidly Aging Population -

When Gov. Bill Haslam gave his annual State of the State address on February 1, he proposed a $34.8 billion plan providing new spending on colleges and universities, road projects and a large deposit into Tennessee’s emergency budget reserves.

76. OneJet Chooses Pittsburgh Over Memphis -

OneJet has announced its second focus city, and Memphis didn’t make the cut.

Memphis International Airport was a top contender to become OneJet’s second focus city, but Pittsburgh garnered the expansion instead, according to a company statement released Thursday, Feb. 11.

77. Burger King's Next Conquest: Hot Dog King -

NEW YORK (AP) — Burger King is looking for a new crown: Hot Dog King.

The Miami-based chain says it plans to put hot dogs on its menu nationally for the first time starting Feb. 23. It may seem like a jarring addition for those who know the chain for its Whoppers. But Burger King says its ability to flame-grill meat makes hot dogs a natural fit on its menu.

78. Jack Daniel Distillery Announces $140 Million Expansion -

NASHVILLE, Tenn. (AP) — Gov. Bill Haslam has announced that the historic Jack Daniel Distillery is planning a $140 million expansion project to help meet global demand for prized Tennessee Whiskey.

79. Workforce Effort Leaders Talk About Skills Gap -

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

80. Stanford Financial Doc Accepted to UK Festival -

A documentary about the rise and fall of a financier who had prominent ties to Memphis has been accepted to the UK Screen One Film Festival.

The film’s title is, “Where’s the Money? The Rise and Fall of Stanford Financial.” The downfall of Stanford was the second biggest financial scam in U.S. history after that of Bernie Madoff’s.

81. Financial Steps for Executors -

Ray’s Take The death of a spouse is high on the list of the most stressful events in life. But, as bad as the emotional trauma can be, the financial fallout can be equally traumatic – and can last much longer. Most spouses name each other as their executor, which makes sense. But the job is not an easy one, and few are fully prepared for the responsibility.

82. EDGE Grants Development Loans to 4 Inner-City Businesses -

Memphis’ inner-city neighborhoods garnered $79,000 in business development loans at the Feb. 3 meeting of the Memphis-Shelby County Economic Development Growth Engine’s finance committee.

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

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

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

84. Stanford Financial Doc Accepted to UK Festival -

A documentary about the rise and fall of a financier who had prominent ties to Memphis has been accepted to the UK Screen One Film Festival.

The film’s title is, “Where’s the Money? The Rise and Fall of Stanford Financial.” The downfall of Stanford was the second biggest financial scam in U.S. history after that of Bernie Madoff’s.

85. Exxon's 4Q and Annual Profit Plunge With Oil Prices -

DALLAS (AP) — The big plunge in crude prices is taking a toll on Big Oil.

Exxon Mobil Corp. said Tuesday that fourth-quarter profit fell 58 percent to $2.78 billion. It was the oil giant's smallest profit since the third quarter of 2002.

86. Save-A-Lot to Anchor New Sam Cooper Shopping Center -

Southeast Corner of Sam Cooper
Boulevard and Tillman Street
Memphis, TN 38104

Tenant: Save-A-Lot

Size: 16,300 square feet

Tenant’s Agent: Frank Dyer, Loeb Realty Group

87. ProLogis Sells 90M Square Feet of Property -

ProLogis has unloaded nearly 90 million square feet of its industrial holdings in six separate deals.

ProLogis, working under a number of affiliated names, sold multiple properties – including two warehouses housing Cummins Inc.’s distributions operations – to Exeter Property Group, according to warranty deeds signed Dec. 29. They include:

88. Q&A: U of M’s Dan Pallme Points to Shipping Changes, Challenges in 2016 -

Dan Pallme is heavily involved in the University of Memphis’ logistics industry departments. He runs the Freight Transportation Leadership Academy, a program that consists of technical tours, sessions with industry experts, and overviews of historic and current trends to encourage leadership in Memphis’ primary modes: rail, river, road and runway.
He is also the senior associate director and freight industry liaison for the U of M’s Intermodal Freight Transportation Institute and the private-sector coordinator for the Southeast Transportation Workforce Center. He has worked with air, rail and trucking companies over the past 25 years.

89. Fenced Out -

There’s a major problem in Memphis when it comes to minorities: African-Americans make up 63 percent of the population but garner less than 1 percent of total business receipts within Memphis, according to the most recent U.S. Census data.

90. ProLogis Sells 90 Million Square Feet of Property -

ProLogis has unloaded nearly 90 million square feet of its industrial holdings in six separate deals.

ProLogis, working under a number of affiliated names, sold multiple properties – including two warehouses housing Cummins Inc.’s distributions operations – to Exeter Property Group, according to warranty deeds signed Dec. 29. They include:

91. Memphis CFO Brian Collins 'Constantly at 50,000 Feet' -

If you think about the city’s chief financial officer at all, you might imagine a robotic figure forever tethered to numbers and a desk, taking a microscopic view of life in search of where to squeeze out a few more dollars here, a few more dollars there.

92. Medical Startup Trades Texas for Germantown -

David Leon’s medical device startup is the latest addition to a rapidly expanding health care, biotech and life sciences landscape in the Memphis area.

93. Belz Sells Linden Camilla Towers for $14.4 Million -

256 S. Camilla Street
Memphis, TN 38104

Sale Amount: $14.4 million

Sale Date: Dec. 6, 2015

94. Logistics Startup Exec: Amazon Gunning for FedEx -

The number of voices in the technology world convinced that Amazon has stuck a target on the back of FedEx – as well as its larger competitor, UPS – continues to grow.

The latest is Matthew Hertz, director of operations at package shipment startup Shyp. He took to social networking service LinkedIn in recent days to pen a commentary about why Amazon’s emergence as a significant logistics alternative appears to be a matter of when, not if.

95. International Real Estate Firms Find Purchase Potential in Memphis -

International investors and developers are increasingly looking to Memphis because the market is stable and the returns are high, according to a variety of real estate professionals doing business locally.

96. Exeter Property Group Transfers 13 Properties -

Exeter Property Group has sold 13 Memphis industrial properties for a combined $143.3 million – all part of the massive deal in which Exeter sold its U.S. industrial portfolio for $3.2 billion.

97. Olymbec Compiling Airport-Area Office Park -

Olymbec USA LLC is gaining critical mass near Memphis International Airport with the planned purchase of a 133,600-square-foot office building at 2600 Nonconnah Blvd.

98. DHL Triples Space in New Memphis Service Center -

International shipping provider DHL is undergoing a Memphis growth spurt and has expanded a service center to meet growing need.

This week, operations got fully underway at the new 30,000-square-foot facility at 3560 Air Center Cove, near the Memphis International Airport. Previously, DHL was housed at an 11,000-square-foot space at 4140 Getwell Road.

99. Exeter Property Group Transfers 13 Properties -

Exeter Property Group has sold 13 Memphis industrial properties for a combined $143.3 million – all part of the massive deal in which Exeter sold its U.S. industrial portfolio for $3.2 billion.

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

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

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