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Editorial Results (free)

1. Buffett's Company Lends $1.5B to Home Capital, Invests $300M -

OMAHA, Neb. (AP) — Warren Buffett's company is lending $1.5 billion to Home Capital and spending roughly $300 million to purchase nearly 40 percent of the troubled Canadian lender's stock.

2. EDGE Gives Frayser Gateway Project Nod -

With all of the new development buzzing around Downtown, Midtown and East Memphis, it could be easy to overlook the addition of a new grocery store, but for some Frayser residents, it could mean everything.

3. FedEx Corp. Reports Strong Q4, Fiscal Year -

Memphis-based FedEx Corp. reported a record Q4 and full-year earnings at its fourth-quarter earnings call Tuesday, June 20.

4. Downtown Core Attracting More Corporate Tenants -

Hamida Mandani, who with her husband Sunny owns City Market at the corner of Main Street and Union Avenue, is anticipating lots of potential new customers soon for her small grocery and deli enterprise.

5. FedEx Declares Quarterly Dividend Payable July 6 -

FedEx Corp.’s board of directors has announced a quarterly cash dividend of 50 cents per share on its common stock.

6. Sale on Milk and Eggs: Kroger Cuts Outlook Amid Price Fight -

NEW YORK (AP) – Intense competition among grocers is forcing Kroger to slash prices on popular items like milk and eggs – staples that help sway where shoppers go.

The company, which operates Fred Meyer, Ralphs and Fry's, on Thursday reported its second straight quarter of declining sales at established locations after more than seven years of uninterrupted growth. It also cut its profit outlook for the year, citing the moves it's making to adapt to the "upheaval" in food retailing and to keep prices competitive.

7. Match Game: Employer Matching Funds -

Ray’s Take: I am amazed at how many times when I ask people how much they are contributing to their 401(k) the answer comes back, “Whatever the match my company gives is – I love free money!” There’s a much better way to make that decision, but that is a topic for another column. There are a number of reasons companies offer some form of match and they may not all be charitable.

8. CCL-Korsini Opens $25M Collierville Plant -

One of the first things several Collierville civic leaders did when they toured CCL-Korsini LLC’s $25 million label-printing facility Wednesday, June 14, was look beyond the loading dock to the adjacent open land.

9. Pinnacle, BNC Shareholders Approve $1.9B Merger -

Shareholders of Pinnacle Financial Partners and BNC Bancorp have both approved a $1.9 billion merger of the two banks, which is expected to close soon.

Nashville-based Pinnacle, parent company of Pinnacle Bank, currently is building its Memphis headquarters in Boyle Investment Co.’s new Class A office building in Ridgeway Center in East Memphis. Pinnacle will be the building’s anchor tenant with signage rights, and plans to occupy 35,000 square feet in the 155,000-square-foot facility, along with two drive-thru banking lanes and an ATM lane on the ground floor.

10. Verizon Takes Over Yahoo to Complete $4.5 Billion Deal -

SAN FRANCISCO (AP) – Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet's best-known brands.

11. Winds of Change -

Humans have been harnessing the power of the wind since the first Egyptians began to use sails to move their boats along the Nile. More than 7,000 years later, wind power capacity in the U.S. alone has surpassed 82 gigawatts, or enough energy to power 20 million homes, making it the largest renewable generation capacity in the country.

12. It's Primetime at Amazon.com ... Shares Hit $1,000 -

NEW YORK (AP) – Amazon, the internet goliath that revolutionized the way much of the world buys books, toilet paper and TVs, hit a new milestone Tuesday. Its stock surpassed the $1,000 mark for the first time.

13. Last Word: Halfway Point, The Cancer-Influenza Connection and Wade Baldwin's Way -

Monday was the day that Memphis Light Gas and Water Division reached the halfway point in restoring power. There were 90,384 customers without power Monday evening, compared to 188,000 without power at the outset Saturday evening at 11 p.m. There were 126 utility crews working by Monday evening.

14. Memphis-Based MAA Thriving As Demand for Rental Housing Grows -

Since it was founded by George Cates in 1977, real estate investment trust MAA has grown from an upstart local business into a S&P 500 company with more than 100,000 units and total market capitalization of $16 billion.

15. The Buying And Selling Of Memphis -

Even before he went to federal prison for 25 years on a racketeering conviction in 1995, Danny Owens had a real estate portfolio. The strip-club kingpin who defined the industry in Memphis across a 20-year period owned the old Memphian movie theater and made possible its 1986 sale to Playhouse on the Square by donating $160,000 toward its purchase.

16. Last Word: Sticker Shock Questions, Council Day Recap and Mueller's Move -

It’s not the final vote on the county property tax rate. But Monday’s acceptance by the Shelby County Commission of the state-certified property tax rate is an important insight into how the state and local governments get together on setting a tax rate that takes into account changes in overall property values from the countywide property reappraisal to set a tax rate that produces the same amount of revenue as the current rate.

17. Mueller Approved for 10-Year Tax Abatement to Relocate to Collierville -

The Collierville Board of Mayor and Aldermen approved Mueller Industries’ request for a 10-year tax abatement, paving the way for the company to begin the process of relocating its corporate headquarters to Collierville.

18. Many Women Think Men are the Better Investors; They're Not -

NEW YORK (AP) – Many men and women think men are the better investors. They're wrong.

After checking how 8 million of its customers did during 2016, Fidelity Investments found that women did better than men by an average of 0.4 percentage points.

19. Wal-Mart Sees Online Sales Surge, More Shoppers at Stores -

BENTONVILLE, Ark. (AP) – Wal-Mart saw online sales surge as it changed up its shipping offers, and drew more shoppers to its stores as well in the most recent quarter even as retail overall is more competitive.

20. Hagerty, Trump's Japan Envoy Pick, Says He's Optimistic on Trade Deal -

WASHINGTON (AP) – The Tennessee businessman in line to be American ambassador to Japan said Thursday that he was optimistic about reaching a deal with Japan that could mean equal or better results than the Asia-Pacific agreement that President Donald Trump pulled the United States out of after taking office.

21. EDGE Approves Trio of Tax Incentives -

The Economic Development Growth Engine board has granted tax incentives for a pair of Presidents Island manufacturing operations and a South Memphis health care company that together will result in the creation of 126 jobs and capital investments topping $140 million.

22. Last Word: Food Changes, Tax Breaks and 'The Big Bang' -

Late hours in Washington for another night Wednesday with word of the appointment of former FBI director Robert Mueller as special prosecutor in the Trump-Russia investigation. Here is all of the reaction we had as of late Wednesday from our folks in D.C.

23. NouriTech, Cargill Awarded Tax Incentives for Memphis Facilities -

Two President’s Island manufacturing operations, NouriTech’s new gas fermentation facility and Cargill’s corn mill, were awarded a pair of PILOTs from the Economic Development Growth Engine for Memphis and Shelby County.

24. Inner City Health Care Company Earns PILOT for Expansion -

A health care company serving lower-income areas of South Memphis with a limited range of services has been granted a 15-year payment-in-lieu-of-taxes (PILOT) incentive by the Economic Development Growth Engine board to provide more expansive service.

25. Faropoint Acquires Massive Industrial Portfolio for $33.1M -

Looking to continue its recent trend of bullish activity in the Memphis market, Faropoint Ventures has acquired a 1.1-million-square-foot industrial portfolio for $33.1 million. Details on that and more commercial real estate news in this week's Real Estate Recap...

26. Innova, AgLaunch Partner On New Innovation Fund -

The venture capital firm Innova Memphis will include the venture development organization and accelerator AgLaunch in a new $31 million agriculture innovation fund.

The fund, which is Innova’s fourth since it was founded 10 years ago by Memphis Bioworks, is certified and licensed by the USDA’s Rural Business Investment Program as a rural business investment company.

27. Corky’s Targets Millennials With Store Upgrades, UberEATS -

Corky’s BBQ is chasing a new generation of customers it wants to turn into barbecue fans.

To do that, the company is making what co-owner Barry Pelts estimates is a six-figure investment in renovations for its Memphis-area eateries. That update is already basically finished at the flagship Corky’s restaurant at 5259 Poplar Ave., which features an open floor plan, three widescreen TVs, brighter interior lighting, new booths and more.

28. Cai to Lead Memphis Chamber’s International Business Efforts -

Jinliang (Jin) Cai has joined the Greater Memphis Chamber as vice president of international business development. In that role, Cai will be directing efforts both to grow foreign direct investment in Memphis and Shelby County and to increase the volume of local exports to foreign markets. 

29. Losses at JC Penney Double, Sales Slide, As Do Shares -

PLANO, Texas (AP) – Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers.

Though the loss at first did not appear as bad as many industry analysts had expected, many soured on even that after a closer look.

30. Two SCS Teachers to Attend Development Programs -

GP Memphis Cellulose has announced its 2017 teacher development program awardees who will participate in company-sponsored summer learning programs.

Luanne Pyron, a third-grade teacher at Arlington Elementary School, was selected to attend Keystone Science School’s 2017 “Key Issues Institute: Bringing Environmental Issues to the Classroom,” this summer in Silverthorne, Colorado.

31. Two SCS Teachers to Attend Summer Learning Programs -

GP Memphis Cellulose has announced its 2017 teacher development program awardees who will participate in company-sponsored summer learning programs.

Luanne Pyron, a third-grade teacher at Arlington Elementary School, was selected to attend Keystone Science School’s 2017 “Key Issues Institute: Bringing Environmental Issues to the Classroom,” this summer in Silverthorne, Colorado. And Nastasia Dangerfield, an eighth-grade teacher at Woodstock Middle School, has been selected to attend The Bill of Rights Institute’s 2017 “Founder’s Fellowship” program this July in Washington, D.C.

32. Faropoint Acquires Massive Industrial Portfolio for $33.1M -

Looking to continue its recent trend of bullish activity in the Memphis market, Faropoint Ventures has acquired a 1.1 million-square-foot industrial portfolio for $33.1 million.

The seller was Greenfield Partners LLC, a Connecticut-based private equity firm. 

33. Jernigan Capital Has Solid Q1, More Growth Expected -

Memphis-based Jernigan Capital Inc. is enjoying a strong start to 2017.

The company – a capital partner for self-storage entrepreneurs – saw net income attributable to common stockholders for the three months ended March 31 increase to $1.2 million, or 14 cents per share, compared to net income of $1.1 million, or 18 cents per share, for the comparable period in 2016.

34. Jernigan Capital Has Solid Q1, More Growth Expected -

Memphis-based Jernigan Capital Inc. is enjoying a strong start to 2017.

The company – a capital partner for self-storage entrepreneurs – saw net income attributable to common stockholders for the three months ended March 31 increase to $1.2 million, or 14 cents per share, compared to net income of $1.1 million, or 18 cents per share, for the comparable period in 2016.

35. Moving Enterprise Email Up to the Cloud -

Even in today’s world of texting and social media messaging, email is still an integral part of keeping in touch with clients, customers and co-workers. As a business owner, hosting your own email can be costly and managing storage can be a challenge for your I.T. team. 

36. Eighteen Startup Teams Set to Begin ‘Summer of Acceleration’ in Memphis -

Eighteen startup teams this week have kicked off the “Summer of Acceleration,” the season of joint accelerator programming across six startup accelerators overseen by the EPIcenter, Memphis Bioworks and Start Co.

37. 2017 – The Year of Video -

If marketers had a zodiac calendar, we might call 2017 “The Year of the Video.”

Why is that? Online video is enjoying the spotlight, due in part to its increasingly crucial role in social media. Online video consumption is also at an all-time high, and that is a definite plus for video marketing.

38. Last Word: DNA Unit Trouble, 100 Years After Ell Persons and Gas Tax Hike Redux -

The suspension of Ouita Knowlton, the Memphis Police detective overseeing the MPD's DNA Unit, appears to involve more than alleged violations of police policies. The unit oversees testing and processing of all current rape kits and those left unprocessed for decades that the city is currently working its way through five years after the admission. The District Attorney General’s office is part of the investigation of Knowlton, the office confirmed Monday. There are no specifics about what is involved here. But the police investigation will go to District Attorney General Amy Weirich who will then determine if criminal laws were violated and if there is a case to be made.

39. Sediver Opens $15 Million Facility in West Memphis -

Sediver USA has cut the ribbon on its $15 million facility in West Memphis, where the company will manufacture toughened glass insulators for high-voltage transmission lines.

Peter Baumgartner, chairman of Sediver USA and CEO of its Luxembourg-based parent company, the Seves Group, was joined by Arkansas Gov. Asa Hutchinson, Clean Line Energy Partners president Michael Skelly and Seves Group chairman Joakim Olsson at the Friday, April 21, event.

40. Economy In Flux -

With apologies to Dickens’ “A Tale of Two Cities,” for the professionals who follow economics for a living this is very much the best of times and the worst of times.

The moment is one of abundant optimism and rampant uncertainty. “Directionally,” they like to say, things look positive. And yet so much could still go very, very wrong.

41. ServiceMaster Q1 Income Holds Steady; IP Profits Drop -

A pair of Memphis-based corporations – ServiceMaster Global Holdings and International Paper Co. – posted first-quarter numbers Thursday, April 27, that reflect ongoing changes at both.

42. Mueller Industries Eyeing Relocation to Collierville -

Memphis-based Mueller Industries has filed a payment-in-lieu-of-taxes application with the Collierville Industrial Development Board to relocate its corporate headquarters to the Schilling Farms mixed-use development from its current location in Southeast Memphis.

43. FCC Chief Lays Out Attack on 'Net Neutrality' Rules -

NEW YORK (AP) – Internet companies are readying for a showdown with a Republican-controlled government over a policy near and dear to their hearts: net neutrality.

Federal Communications Commission Chairman Ajit Pai said in a Wednesday speech that he wants to ditch the Obama-era rules, hated by telecoms, that prevent broadband and wireless companies from interfering with the sites and apps that consumers use. He wants to undo their legal basis and to eliminate the FCC's broad powers to monitor Verizon, AT&T and Comcast for bad behavior.

44. Germantown Village Square Sells for $27.3 Million -

7694 Poplar Ave.
Germantown, TN 38138

Sale Amount: $27.3 million

Sale Date: April 24, 2017 

Buyer: PEBB Enterprises

45. Last Word: Popovich's Tip, Strickland's Budget and Haslam's Jump Start on Roads -

Game 5 goes to the Spurs in San Antonio 116-103 over the Grizz who are back here Thursday. Spurs coach Gregg Popovich is not effusive in his comments to the media, which is fun to watch, but it does make tracking down and veryifying this next story a bit difficult. A credit card receipt showed up on Redditt that appears to show Popovich left a $5,000 tip on an $815.73 bill at McEwen’s Friday night between the two Memphis-based playoff games.

46. McDonald's US Sales Climb, Customer Traffic Still a Focus -

NEW YORK (AP) – McDonald's says new Big Mac sizes helped boost a key sales figure in the U.S., but that it is still working on trying to attract more customers to its stores.

The world's biggest burger chain said Tuesday that global sales rose 4 percent at established locations in the first three months of the year. That included a 1.7 percent increase in its flagship U.S. market, where the fast-food chain has suffered four straight years of declining customer visits.

47. Cost Cuts at Coca-Cola Go Deeper, Including Jobs -

ATLANTA (AP) – Coca-Cola's sales declined in the first quarter as it restructured its business, and the world's biggest beverage maker said it will cut 1,200 jobs starting later this year as it deepens its cost-cutting.

48. Sediver Opens $15M Manufacturing Facility in West Memphis -

Sediver USA has cut the ribbon on its $15 million facility in West Memphis, where the company will manufacture toughened glass insulators for high-voltage transmission lines.

Peter Baumgartner, chairman of Sediver USA and CEO of its Luxembourg-based parent company, the Seves Group, was joined by Arkansas Gov. Asa Hutchinson, Clean Line Energy Partners president Michael Skelly and Seves Group chairman Joakim Olsson at the Friday, April 21, event.

49. Third-Party Litigation Financing Grows Into Popular, High-Stakes Trend -

Two decades ago, commercial third-party litigation financing was as small and uncommon as to be “negligible,” in Charles Agee’s words. Maybe $100 million in such funding per year.

50. Amid Competition, Verizon Loses Key Customers for First Time -

NEW YORK (AP) – Verizon, the once-unstoppable cellphone leader in the U.S., lost key wireless customers for the first time, even as it brought back unlimited data plans to counter smaller rivals.

51. Target-Date Funds and Taxes -

Ray’s Take Target-date funds are mutual funds that contain a collection of other mutual funds that are designed to invest aggressively at the beginning and, over a long time horizon, move money into progressively more conservative holdings as the target date approaches.

52. EDGE Board Approves Two PILOTs, GMACW Merger -

The Economic Development Growth Engine for Memphis and Shelby County on Wednesday, April 19, granted tax abatements for a pair of companies with capital investment plans totaling $34 million and approved a resolution that allows the Greater Memphis Alliance for a Competitive Workforce to merge into EDGE.

53. Memphis Office Market Off to Good Start -

Though small to mid-sized leases comprised the majority of leasing activity, the Memphis area office market got off to a healthy start in 2017, according to Cushman & Wakefield/Commercial Advisors’ first quarter Marketbeat report.

54. Nucor Steel, Rice Manufacturer Seek Memphis Incentives -

Two companies have filed applications with the Economic Development Growth Engine for Memphis and Shelby County for tax incentives that would allow them to expand operations in the Mid-South.

Nucor Steel Memphis and Ebrofrost North America are both seeking PILOTs (payment-in-lieu-of-taxes) that would result in a combined investment of $34 million and 31 net new jobs, according to their respective applications.

55. Chase Carlisle Leaving Role at Carlisle Corp. -

Chase Carlisle is leaving his role as director of real estate and development for Carlisle Corp., the Memphis-based firm behind the Hotel Chisca redevelopment and proposed One Beale project.

56. Initiatives Geared at Boosting Owner-Occupied Housing -

Nearly a third of all homes in Shelby County are owned by investors, a fact which has state and city leaders looking for ways to stem the tide and encourage locals to buy into their communities through owner-occupied homeownership.

57. Shops of Wolflake Near Wolfchase Sells for $4.8M -

2965 N. Germantown Parkway
Bartlett, TN 38133 

Sale Amount: $5 million

Sale Date: March 31

Buyer: WFL Retail LLC

58. Toyota Announces $1.33 Billion Investment in Kentucky Plant -

LOUISVILLE, Ky. (AP) – Toyota said Monday it is investing $1.33 billion to retool its sprawling factory in Georgetown, Kentucky, where the company's flagship Camry sedans are built.

No new factory jobs are being added, but Toyota says the upgrades amount to the biggest single investment ever at one of its existing plants in the United States. The retooling also will sustain the existing 8,200 jobs at Toyota's largest plant, where about one-fourth of all Toyota vehicles produced in North America are made, the automaker said.

59. Chase Carlisle Leaving One Beale Development Firm -

Chase Carlisle is leaving his role as director of real estate and development for Carlisle Corp., the Memphis-based firm behind the Hotel Chisca redevelopment and proposed One Beale project.

60. Shops of Wolflake Sells for $4.8 Million -

A Germantown Parkway shopping center near Wolfchase Galleria has switched hands for nearly $5 million, according to a warranty deed filed with the Shelby County Register of Deeds March 31.

Called the Shops of Wolflake, the Bartlett shopping center is located between St. Francis Hospital-Bartlett and the Wolfchase mall and is anchored by Eat Well Sushi and Grill.

61. “Gateway’ Puzzle Begins To Come Together -

Starting last summer, a new ownership group for the city’s largest hotel by room count was undertaking its due diligence largely out of the public eye.

There were some rumblings about the Sheraton Memphis Downtown changing hands three years after a renovation of the 600-room hotel attached to the Memphis Cook Convention Center.

62. Accelerator Programs Keep Memphis Starting Up -

The mantra is “never stop starting.” The constituency it applies to is entrepreneurs in Memphis and those who come here flush with ideas and creativity. And for Memphis’ startup community – from the sixth floor of Start Co.’s 88 Union Ave. hive of activity to the Memphis Bioworks Foundation and points in between – that exhortation to “never stop” is as much a rallying cry as it is a marker highlighting one of the more dynamic and fledgling sectors of the city’s economy.

63. City's Largest Hotel Changes Hands In Latest 'Gateway' Puzzle Piece -

The largest hotel in the city by room count is changing hands in what is a key part of the city’s effort to remake the Memphis Cook Convention Center as a part of a larger “Gateway project” in the general convention center area.

64. Growth Funds for Tax Efficiency -

Ray’s Take When it comes to real return, it’s not what you make, but what you keep after taxes and inflation that counts. 

Being mindful of taxes is more important than ever. Tax-efficiency in taxable portfolios is imperative, whether they’re pre-retirement accumulation accounts or retirement distribution portfolios. It’s incumbent upon investors to understand the tax implications for the various funds in their portfolios to plan the best strategy for their retirement.

65. Last Word: Lawsons Exit, LaRose Lessons and No Medicaid Expansion This Year -

The Lawson Brothers exit Tigers basketball seeking a release from the University of Memphis. The statement from Dedric and K.J. Lawson was all sweetness and light and apparently about as sincere as one of those interviews where players and coaches declare that if they will just play hard and put more points on the board than the other team then they should win.

66. Shops of Wolflake Near Wolfchase Sold for $4.8M -

A Germantown Parkway shopping center near Wolfchase Galleria has switched hands for nearly $5 million, according to a warranty deed filed with the Shelby County Register of Deeds March 31.

Called the Shops of Wolflake, the Bartlett shopping center is located between St. Francis Hospital-Bartlett and the Wolfchase mall and is anchored by Eat Well Sushi and Grill.

67. Malco Moving Forward With Downtown Theater -

45 E. G.E. Patterson Ave.
Memphis, TN 38103 

Permit Amount: $5 million

Project Cost: $55 million

Application Date: March 2017

68. Wiseacre Tables Plans to Build Brewery in Coliseum -

Wiseacre Brewing Co.'s plans to expand into the Mid-South Coliseum are off but could re-emerge somewhere down the road as the city administration renews discussions about a fuller renovation of the Mid-South Fairgrounds.

69. Last Word: Mike Rose, Bartlett High Options and Memphis-Nashville Talk -

Mike Rose transformed Memphis-made Holiday Inn from a single brand to multiple brands and a corporation that transformed the hospitality industry as casino gaming spread beyond Las Vegas and Atlantic City in the 1990s. During his time at the helm of Holiday Inns and Promus Companies, Rose was also one of the city's most influential corporate leaders with the money and ability to raise money and set terms that made possible the transformation of St. Jude into a research institution and pointed the University of Memphis in that direction as well. Rose died Sunday in Nashville of cancer.

70. DCA Founder Buys Historic Nabisco Building Downtown -

Doug Carpenter, founder and principal of the creative communications consulting firm DCA, has bought a historic Downtown building he will convert into his company’s new office.

Originally built as a National Biscuit Company (Nabisco) distribution center, the circa-1910 building sits on roughly half an acre at 11 W. Huling Ave. in the South Main Arts District.

71. DCA Founder Buys Historic Nabisco Building Downtown -

Doug Carpenter, founder and principal of the creative communications consulting firm DCA, has bought a historic Downtown building he will convert into his company’s new office.

Originally built as a National Biscuit Company (Nabisco) distribution center, the circa-1910 building sits on roughly half an acre at 11 W. Huling Ave. in the South Main Arts District.

72. EDGE's ICED Loan Program Gives Small-Business Owners a Hand Up -

Camy Archer had built a loyal following of customers at her eponymous Midtown restaurant over the course of two decades and business was good.

But when her landlord struck a deal with another tenant in 2015, she was suddenly scrambling to find a new home for her business before she ended up losing everything she worked so hard to create.

73. Lawmakers Blast Haslam Administration for Process Toward JLL Contract -

The Tennessee Department of General Services is set to award a statewide contract for facility management services to Jones Lang LaSalle, a company that already handles 10 percent of state office space and estimates a 15.9 percent savings if all higher education institutes participate.

74. Blends Donut Cafe Opens in Schilling Farms -

Blends Donut Café has opened as the new 1,200-square-foot corner retail tenant in Boyle Investment Company’s multifamily community, The Carrington at Schilling Farms in Collierville.

The new donut shop, which specializes in cake-style donuts decorated to replicate popular desserts and flavor combinations, is located at 914 Carrington Oak Lane, near the northeast corner of East Winchester and Schilling boulevards.

75. Is College Worth The Investment? -

I’ve met a number of people lately who have said something that’s surprised me. They’ve told me that they aren’t sure if college is really worth it. They believe it would be a waste of money to pay for something they might never use, especially if they change their mind on their career path later.

76. AutoZone Buys Back Another $750M in Stock -

AutoZone Inc. is buying back more of its own stock.

The company this week said its board has authorized the repurchase of an additional $750 million worth of the company’s common stock as part of its ongoing share repurchase program. Since 1998, and including the new amount, AutoZone’s board has authorized the repurchase of $18.7 billion worth of stock.

77. FedEx Corp. Falls Short Of Q3 Profit Forecasts -

Memphis-based FedEx Corp. enjoyed record shipping levels in its peak season for deliveries, but still fell short of third-quarter profit forecasts.

78. Genetic Code -

While the anachronistic farmer trope may be a common pop-culture perception, these stewards of the land have in fact been on the cutting edge of technology for thousands of years.

And every milestone since the Neolithic period, from the first plows to today’s automated tractors, has allowed farmers to increase their yields and support a perpetually growing population.

79. AutoZone Buys Back Another $750M in Stock -

AutoZone Inc. is buying back more of its own stock.

The company this week said its board has authorized the repurchase of an additional $750 million worth of the company’s common stock as part of its ongoing share repurchase program. Since 1998, and including the new amount, AutoZone’s board has authorized the repurchase of $18.7 billion worth of stock.

80. Binghampton Gateway Builds on Decade of Momentum -

While construction recently began on the large-scale Binghampton Gateway Center and more development is on the way, the revitalization process to bring businesses and jobs back to the distressed Binghampton area began more than a decade ago.

81. Trump's SEC Pick, an Ex-Goldman Lawyer, to Face Skepticism -

WASHINGTON (AP) – Goldman Sachs may be about to get another friend in Washington.

Jay Clayton, a well-connected Wall Street lawyer who is President Donald Trump's pick to lead the Securities and Exchange Commission, is sure to face sharp questions from Democrats at his confirmation hearing Thursday over his years of work for Goldman and other financial giants.

82. FedExFamilyHouse Breaks Ground on $12M Expansion -

918 Poplar Ave.
Memphis, TN 38105

Project Cost: $12 million 

Owners: Le Bonheur Children’s Hospital and FedEx

83. FedEx Falls Short of Q3 Profit Forecasts -

Memphis-based FedEx Corp. enjoyed record shipping levels in its peak season for deliveries, but still fell short of third-quarter profit forecasts.

In its Tuesday, March 21, earnings call, FedEx reported net income of $562 million, or $2.07 per share, for the fiscal quarter that ended Feb. 28. That was an increase from $507 million, or $1.84 per share, for the same period last year.

84. FedEx Corp. Falls Short of Q3 Profit Forecasts -

Memphis-based FedEx Corp. enjoyed record shipping levels in its peak season for deliveries, but still fell short of third-quarter profit forecasts.

In its Tuesday, March 21, earnings call, FedEx reported net income of $562 million, or $2.07 per share, for the fiscal quarter that ended Feb. 28. That was an increase from $507 million, or $1.84 per share, for the same period last year.

85. FedExFamilyHouse to Break Ground on $12M Expansion -

FedEx and Le Bonheur Children’s Hospital are preparing to break ground on the expansion of FedExFamilyHouse, a home-away-from-home for families of Le Bonheur patients.

The $12 million project, which was announced last year, will triple the size of FedExFamilyHouse with the addition of a four-story tower connected to the current facility.

86. Lehman-Roberts’ Moore Lauded By Asphalt Industry Group -

Rick Moore, who is retiring as chairman of Lehman-Roberts Co. March 31 after 46 years with the company, has been named the National Asphalt Pavement Association’s Man of the Year. 

87. Grizzlies Make Deal With Comcast Business -

The Memphis Grizzlies have signed an agreement with Comcast Business that will bring a three-gigabit fiber connection to FedExForum.

Comcast Business will furnish the infrastructure to support “a host of emerging technology applications that add to the experience of attending games and events at the arena, including complimentary Wi-Fi access,” according to the cable provider.

88. Grizzlies Make Deal With Comcast Business -

The Memphis Grizzlies have signed an agreement with Comcast Business that will bring a three-gigabit fiber connection to FedExForum.

Comcast Business will furnish the infrastructure to support “a host of emerging technology applications that add to the experience of attending games and events at the arena, including complimentary Wi-Fi access,” according to the cable provider, which also will supply internet and cloud-based communications services for the team’s front office.

89. Hickory Hill Home Depot Site Sells for $15 Million -

3469 Riverdale Road
Memphis, TN 38115 

Sale Amount: $15.7 million

Sale Date: March 3, 2017

Buyer: Spirit Realty Capital

90. Volkswagen CEO: US Remains 'Core Market' for Company -

FRANKFURT, Germany (AP) – The CEO of German automaker Volkswagen says the United States remains a "core market" for the company despite its diesel emissions scandal and has underlined that it hopes to expand there.

91. Atlanta Developer Files $200 Million Germantown Mixed-Use Plan -

Atlanta developers have filed an outline plan with Germantown leaders for a $200 million mixed-use town village development on the 32-acre “Arthur tract” west of the Saddle Creek South retail center.

92. Google's Self-Driving Car Company Escalates Battle With Uber -

SAN FRANCISCO (AP) – A self-driving car company founded by Google is presenting new evidence to support allegations that a former manager stole technology sold to Uber to help the ride-hailing service build its own robot-powered vehicles.

93. Cooperation, Payments to Owners Help VW Avoid Bigger Penalty -

DETROIT (AP) – By cooperating with federal investigators and quickly agreeing to compensate car owners, Volkswagen likely will avoid a massive criminal fine for cheating on diesel emissions tests and trying to cover it up.

94. Millington Pouring Funds Into Projects To Attract New Businesses, Residents -

Millington, the smallest city in Shelby County, has some unique advantages and is making a comeback with millions of dollars in grants to fund infrastructure projects and a collective commitment from city leaders to revive the community and attract new businesses.

95. Sedgwick Approved For $10.4 Million PILOT -

The Economic Development Growth Engine for Memphis and Shelby County approved Sedgwick Claims Management Services’ application for a $10.4 million tax abatement during a special session Friday, Feb. 24.

96. $12 Million Permit Filed For Hickman Building -

240 Madison Ave.
Memphis, TN 38103

Permit Amount: $12 million

Project Cost: $16 million

Application Date: February 2016

97. Investing Costs Fall Again: Fidelity, Schwab Cut Commissions -

NEW YORK (AP) – It keeps getting cheaper to invest.

Fidelity on Tuesday became the latest company to cut its fees in an ongoing industry battle that's helped mom-and-pop investors keep more of their own dollars. Rival Charles Schwab matched the price cut in a matter of hours.

98. $12 Million Permit Filed for Hickman Building -

Montgomery Martin Contractors has filed a $12 million building permit application with the city-county Office of Construction Code Enforcement to renovate the historic Hickman Building into a mixed-use development that will include the new headquarters of Memphis-based investment firm, SouthernSun Asset Management.

99. $12M Building Permit Pulled for Hickman Building -

Montgomery Martin Contractors has filed a $12 million building permit application with the city-county Office of Construction Code Enforcement to renovate the historic Hickman Building into a mixed-use development that will include the new headquarters of Memphis-based investment firm, SouthernSun Asset Management.

100. Sedgwick Approved For $10.4 Million PILOT -

The Economic Development Growth Engine for Memphis and Shelby County approved Sedgwick Claims Management Services’ application for a $10.4 million tax abatement during a special session Friday, Feb. 24.