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Editorial Results (free)

1. Boyle Promotes Hayden to CFO -

Matt Hayden has been promoted to treasurer and chief financial officer of Boyle Investment Co.

Hayden joined the Memphis-based real estate company in 2014 as deputy treasurer. Prior to joining Boyle, he worked as senior vice president of Wunderlich Securities Inc. and first vice president of Morgan Keegan & Co. Inc.

2. Revenue Up, Profit Down At Gannett -

Shares of The Commercial Appeal’s parent company are down some 12 percent this year, compared to a more than 6 percent year-to-date gain in the S&P 500 index, and the company’s second quarter earnings released Wednesday, July 27, help partly explain why.

3. RVC Outdoor Destinations Helps Honeybees -

RVC Outdoor Destinations is making an investment in one of America’s most important natural resources: honeybees.

The company is installing honeybee hives at its outdoor resort properties nationwide in an effort to slow the disastrous effects of colony collapse disorder.

4. Domino's Says Key US Sales Figure Jumped Nearly 10 Percent -

ANN ARBOR, Mich. (AP) – Domino's said its sales jumped 9.7 percent at U.S. stores open at least a year in the second quarter, boosted by the convenience of its digital ordering options and loyalty program.

5. Comerica Says It Will Cut Almost 800 Jobs, Close 40 Banks -

NEW YORK (AP) – Comerica said Tuesday it will cut close to 800 jobs and close 40 banks to cut costs. The regional bank also reported a bigger quarterly profit than analysts expected.

Comerica said it wants to eliminate $160 million in annual spending by the end of 2018. The company said it will eliminate about 9 percent of its jobs, which would be 791 workers based on recent employment figures. Comerica will also close 40 banks and outsource some technology functions to reduce spending.

6. Gap Inc. Adding 100 Jobs in Sumner County -

NASHVILLE, Tenn. (AP) — State officials say clothing retailer Gap Inc. plans to add 100 jobs at its Sumner County distribution center as part of a $3.1 million investment into the facility over the next five years.

7. Madison Hotel Sells to Chicago-Based Hotel Group -

79 Madison Ave.

Memphis, TN 38103

Sale Date: June 21 

Buyer: 79 Madison Avenue LLC

8. Elkington Promoted At ABO Marketing -

Jamie Elkington has been promoted to director of communications at ABO Marketing & Communications. In this position, she will direct and implement public relations plans for the nonprofit and business organizations the firm serves.

9. Education Leaders Reboot TNReady Tests, Re-Examine Process -

The disastrous rollout of the new TNReady student achievement tests has gone from finding a new test vendor to a re-examination of the role such testing plays in public education.

Tennessee Education Commissioner Candice McQueen announced Wednesday, July 6, the state has a letter of intent with the Minneapolis-based testing service Questar Assessment to develop and deliver both pen-and-paper and online student achievements tests starting in the school year that begins in August.

10. 3-Story Hotel Set to Rise In Southeast Shelby County -

7967 Lowrance Road
Shelby County, TN 38125

Permit Amount: $2.6 million

Issued Date: July 2016

11. FDA Approves First Dissolving Stent for US Patients -

WASHINGTON (AP) – A medical implant that slowly dissolves into the body could be the answer to long-standing safety concerns with devices used to treat clogged arteries.

But not so fast, say experts.

12. Cordova Retail Center Sells for $3 Million -

A two-tenant retail center on Germantown Parkway has traded hands for $3 million.

Kim Investment Partners IV LLC, a California limited liability company, purchased the 6,480-square-foot Class A building at 2288 N. Germantown Parkway from GT Plaza LLC, according to a June 29 warranty deed.

13. 6 Signs Your Website Is No Longer Working for You -

Your website is a first look into your company. It’s a reflection of your company’s culture as well as your leadership. But simply having a website isn’t enough. It must have a purpose – and if that purpose doesn’t yield measurable results, this could be the first sign that your website no longer fits the needs of your company.

14. Chamber Names Simmons Director of Public Policy -

Haley Simmons has joined the Greater Memphis Chamber as the director of public policy, a new position in the chamber’s community development department. In this role, Simmons will be focused on enhancing the chamber’s advocacy efforts to inform and engage its members on important policy issues, and he’ll also be responsible for growing the chamber’s role in education initiatives.

15. Memphis Financial Pros Brace for More Brexit Fallout -

Markets are a little like patients going in for a medical checkup. Neither one likes big surprises.

Nevertheless, that’s what everyone got at week’s end after the United Kingdom voted to pull out of the European Union. And the first phone call that First Tennessee Bank chief investment officer Jerry Laurain got on the morning after the unexpected vote result was the kind investment professionals always brace for after market-moving shocks.

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

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

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

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

18. Cox to Lead Asset Management at Lehman-Roberts -

Matt Cox has been promoted to director of asset management at Lehman-Roberts Co. Cox most recently served as total process reliability coordinator for three years. In his new role, he is responsible for the full lifecycle of all construction equipment supplied to Lehman-Roberts’ operations divisions, including acquiring equipment, maintaining nearly 600 pieces of rolling stock and disposing of equipment as necessary.

19. 10 Years After Housing Peaked, US is More of a Renter Nation -

MOUNT PLEASANT, South Carolina (AP) – It's a troublesome story playing out across America in the 10 years since the housing bubble peaked and then burst in a ruinous crash: As real estate has climbed back, homeowners are thriving while renters are struggling.

20. Orlando Tourism: No Mass Cancellations Now But Future Unsure -

Experts say it's too soon to gauge whether a week of horrific news out of Orlando will hurt tourism there. But travel agents are not seeing widespread cancellations, and many travelers say they're committed to visiting.

21. Tennessee Lagging On Alternative Energy -

Tennessee has never been at the forefront of alternative energy. If California is the cool kid tapped in on all the latest advances, we could be considered the behind-the-times cousin always trying to play catch up.

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

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

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

23. ServiceMaster Lands EDGE Incentive Package -

The final piece of ServiceMaster’s local incentive package fell into place Wednesday, June 15, at a Memphis-Shelby County Economic Development Growth Engine board meeting.

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

24. Court Upholds Net Neutrality Rules on Equal Internet Access -

WASHINGTON (AP) – In a big win for the Obama administration, a federal appeals court on Tuesday upheld the government's "net neutrality" rules that require internet providers to treat all web traffic equally.

25. EDGE to Consider Incentives for ServiceMaster, Others -

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

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

26. The Week Ahead: June 13-19 -

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

27. Promotions and Money: Time to Review -

Ray’s Take: Congratulations on your promotion! You just took another step on your career path. Now you should take time to be sure you are on track with your financial plan based on your new situation.

28. Medtronic Earnings Top Expectations -

Medtronic reported better-than-expected financial results in the most recent quarter, as sales for its pacemakers, stents and other medical products rose.

Medtronic, whose spinal business is based in Memphis, said it also got a revenue boost from its $50 billion acquisition of surgical equipment maker Covidien. That deal closed last year.

29. ServiceMaster Disrupting Its Culture With Move Downtown -

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

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

30. Wal-Mart's CEO Urges Employees to Reimagine Company's Future -

FAYETTEVILLE, Ark. (AP) – Wal-Mart's CEO urged employees on Friday to reimagine its future in a fast-shifting retail landscape.

The company is at a crossroads, as its long-held dominance in pricing has been chipped away at by Amazon and dollar stores. But it's fighting back on multiple fronts, growing more aggressive with prices and going after Amazon, both online and on the doorstep, by expanding delivery services.

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

4572 Poplar Ave.
Memphis, TN 38117

Permit Amount: $10.5 million

Project Cost: $15.5 million

Completion: Fall 2017

32. Medtronic Earnings Top Expectations -

Medtronic reported better-than-expected financial results in the most recent quarter, as sales for its pacemakers, stents and other medical products rose.

Medtronic, whose spinal business is based in Memphis, said it also got a revenue boost from its $50 billion acquisition of surgical equipment maker Covidien. That deal closed last year.

33. MAA Still Entertaining Headquarters Options -

Memphis-based MAA is a year into its search for a new headquarters, and the company is moving closer to plans for a newly constructed building.

The real estate investment trust, which focuses on multifamily properties, first announced the move last summer. MAA is currently housed in nearly 43,000 square feet at 6584 Poplar Ave. in East Memphis. It is looking for an 80,000-square-foot space, with room to grow, to house its 200 local employees.

34. Pizza Chain Cooks Up Growth in Memphis -

Papa Murphy’s has cooked up some ambitious growth plans in Memphis to accompany the pizza pies the Vancouver, Wash.-based chain is known for.

Because of the success of the chain’s eight current stores in the Memphis area, Papa Murphy’s chief development officer and senior vice president of technology Jayson Tipp says the company wants to ramp that up to at least 25.

35. 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.

36. 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.

37. 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.

38. 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.

39. 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.

40. 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.

41. 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.

42. 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.

43. 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.

44. 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.

45. 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.

46. 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.

47. 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.

48. 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.

49. 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.

50. 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.

51. 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.

52. 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.

53. 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.

54. 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.

55. $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.

56. 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.

57. 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.

58. 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.

59. 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.

60. 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.

61. 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.

62. 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.

63. 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.

64. 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:

65. 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.

66. 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.

67. $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.

68. 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.

69. 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.

70. 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.

71. 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.

72. 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.

73. 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.

74. 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

75. 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.

76. 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.

77. 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.

78. 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.

79. 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.

80. 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.

81. 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.

82. 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.

83. 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.

84. 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.

85. 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.

86. 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.

87. 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.

88. 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.

89. 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.

90. 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.

91. 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.

92. 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.

93. 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.

94. 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.

95. 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.”

96. 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.

97. 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.

98. 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.

99. 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.

100. 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.