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Editorial Results (free)

1. Peak Capital Closes On Memphis Apt. Purchase -

Peak Capital Partners, a Utah-based apartment investment and management firm, has closed on The Charleston apartments in Memphis, the company has announced. Peak bought the property from Tennessee-based Wesscorp Investments.

2. One Decade Later: Effects of Financial Crisis Still Linger -

Ten years removed from the worst financial crisis since the Great Depression, the banking industry has transformed itself and wealth managers say investors remain leery.

Among other things, First Tennessee Bank jettisoned its national mortgage operation in the wake of the crisis. It refocused its attention and efforts around being a strong regional bank, as opposed to one with aggressive national ambitions. It trimmed headcount, boosted investment in technology and began to specialize, creating new industry-specific teams in verticals like health care and music-industry banking.

3. Funding Announcements Cap Startup Demo Day -

Funding announcements have already started rolling in for some participating startups in this year’s “Summer of Acceleration” following Demo Day. The demo pitch to investors caps annual programming for the consortium of accelerators.

4. Mylan, Like Other Generic Drugmakers, Feels the Pricing Pain -

NEW YORK (AP) – Mylan's second-quarter profit and revenue surged, but not as much as Wall Street had expected and the company is taking a more conservative view going forward because of "ongoing challenges and the uncertain U.S. regulatory environment."

5. Cordova Apartment Community Sells for $27.9M -

The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold for $27.9 million, marking a new chapter for a property that was built just last year.

6. Tenet Healthcare Reports $55 Million Loss in Q2 -

Tenet Healthcare Corp. on Monday, Aug. 7, reported a loss of $55 million in its second quarter.

The Dallas-based company, whose local operations include Saint Francis Hospital-Memphis and Saint Francis Hospital-Bartlett, said it had a loss of 55 cents per share. Losses, adjusted for one-time gains and costs, came to 17 cents per share.

7. Sports Event Broker Indicted -

Rick Barlow, a sports event broker whose company arranges travel and event packages to sporting events, is accused of felony theft of property.

8. Fannie Mae Posts $3.2B Profit in Q2; To Pay $3.1B Dividend -

WASHINGTON (AP) – Fannie Mae reported net income of $3.2 billion from April through June, up from a year earlier as the mortgage giant marked gains on its investments.

The government-controlled company released its second-quarter results Thursday. Washington-based Fannie Mae will pay a dividend of $3.1 billion to the U.S. Treasury next month if the company's federal regulator agrees. That payment would bring the total dividends paid by Fannie to $165.8 billion.

9. Cordova Apartment Community Sells for $27.9M -

The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold for $27.9 million, marking a new chapter for a property that was built just last year.

10. Jernigan Capital Reports Strong Second Quarter -

Memphis-based self-storage financing company Jernigan Capital Inc. has “had an outstanding first half of 2017.” That’s according to its namesake chairman and CEO Dean Jernigan.

11. First Alliance Bank Inks 10-Year Lease to Move to Clark Tower -

Memphis-based First Alliance Bank has signed a 10-year lease to relocate its Poplar Avenue branch into the recently remodeled Clark Tower office building.


5100 Poplar Ave.
Memphis, TN 38137

12. Flying Ace Sully Makes Case Against Privatization -

WASHINGTON (AP) – Who are you going to trust when it comes to what's best for the flying public? Members of Congress or the hero of the Miracle on the Hudson, retired Capt. Chesley "Sully" Sullenberger?

13. Sprint Posts Rare Profit, Says a Deal May Be Coming Soon -

OVERLAND PARK, Kan. (AP) – Sprint said Tuesday that it should be able to "strike a deal" in the "near future," driving up shares of the fourth-largest U.S. wireless carrier.

The Overland Park, Kansas, company also posted its first quarterly profit in three years as it cut costs.

14. Last Word: The Old Auto Inspection Station, Beale Field Trip and Re-Democrating -

Memphis Mayor Willie Herenton has a different version of his 2016 plan to build two youth development centers for juvenile offenders to go to instead of detention at the Wilder Youth Development Center in Somerville. About a year ago, Herenton had tentative plans for two of the New Path centers in Shelby County that would be centers where the offenders could live.

15. City Master Plan Development Aims To Reverse Random Development -

Not too far past a new generation of civic plans is the filter of reality – what is possible by a business bottom line.

At the outset of the still-forming Memphis 3.0 master development plan, the reality without a plan is striking.

16. Sterigenics Triples Plant Capacity in West Memphis -

Sterigenics International LLC recently wrapped up a $16.8 million expansion to its West Memphis facility, nearly tripling the site’s gamma sterilization capacity. The company is a global provider of contract sterilization, lab services, gamma technologies and medical isotopes.

17. Last Word: ICE Raids, Who's Buying Afton Grove and Malco Powerhouse Plans -

A protest Sunday evening at the Prescott Place Apartments after federal ICE agents – Immigration and Customs Enforcement – took people into custody there and at Emerald Ridge and Corner Park apartments Sunday morning. The group of organizations protesting the federal action – Memphis Coalition of Concerned Citizens, Cosecha and SURJ Memphis -- say Memphis Police assisted in the immigration operation. Memphis Police deny they were involved in any way. No estimate from ICE on how many people were detained.

18. Sterigenics Triples Capacity At Its West Memphis Sterilization Facility -

Sterigenics International LLC recently wrapped up a $16.8 million expansion to its West Memphis facility, nearly tripling the site’s gamma sterilization capacity. The company is a global provider of contract sterilization, lab services, gamma technologies and medical isotopes.

19. MRG, Thomas & Betts Receive Tax Incentives -

Makowsky Ringel Greenberg and Thomas & Betts were both awarded tax incentives to advance their respective projects by the Economic Development Growth Engine for Memphis and Shelby County on Wednesday, July 19.

20. Last Word: Closing the Door, Midtown Rents and Red West's Many Roles -

It didn’t take the Shelby County Commission very long Wednesday to close the door on its budget season – about 20 minutes in the day’s special meeting to approve a county property tax rate of $4.11 on third and final reading. That’s not a quick up or down vote. And it took just a bit longer because there is still some discussion about whether this was a reduction in the tax rate or a tax cut in the sense that a homeowner in Shelby County would understand the term.

21. Atlanta Retail Investor Makes $29M Purchase -

In this week’s Real Estate Recap, an 18-acre shopping center in the heart of Bartlett sells for $28.8 million, Ulta Beauty prepares to build out its space in Poplar Commons, and Dave & Buster’s continues work on its first Memphis location...

22. AutoZone’s Engine Starting to Stall -

AutoZone’s stock price is pointed in the opposite direction it’s been accustomed to for years now. Shares of the Memphis-based auto parts retailer are down more than 30 percent since the end of January. Needless to say, that’s an unusual place for the company, which continues to open new stores at a steady clip.

23. Wall Street's Goldman Sachs Moves Quietly Into Main Street -

NEW YORK (AP) – More homeowner, less hedge fund titan. Goldman Sachs, long known for its super-rich clients and well-connected executives, is starting to act a lot more like a neighborhood bank.

24. Ulta Beauty Files Permit For East Memphis Store -

Ulta Beauty is preparing to build out its space in Poplar Commons, the East Memphis shopping center rising across from Oak Court Mall.

The cosmetics retailer is seeking a $450,000 permit application to work on the interior of its future location at 4572 Poplar Ave., inside the shopping center that will be anchored by Nordstrom Rack. No contractor is listed on the application.

25. Bartlett Shopping Center Sells for Nearly $30M -

An Atlanta-based real estate investment firm has made its first purchase in the Memphis market with the acquisition of a 198,103-square-foot shopping center in the heart of Bartlett.

The Bartlett Towne Centre, located at 6005 Stage Road, was acquired by Branch Properties LLC from Houston-based real estate investment trust Weingarten Realty for $28.8 million.

26. Thomas & Betts to Invest $20.7 Million in Expansion -

Thomas & Betts plans to add 75 employees and invest $20.7 million in its headquarters relocation in Memphis and is seeking a 15-year payment-in-lieu-of-taxes (PILOT) incentive to help defray those costs.

27. Senate Confirms Tenn. Businessman Picked by Trump as Japan Envoy -

WASHINGTON (AP) – The Senate has confirmed Tennessee businessman William F. Hagerty as President Donald Trump's ambassador to Japan.

Senators voted 86-12 on Thursday to approve Hagerty's nomination.

28. Renasant, Metropolitan Banks Complete Merger -

Tupelo, Miss.-based Renasant Corp. has completed its merger with Metropolitan BancGroup, Inc., the parent company of Metropolitan Bank, effective July 1.

29. Bruster’s Ice Cream To Open on Highland Strip -

The Highland Strip will soon be home to a tasty new tenant.

Bruster’s Real Ice Cream plans to move into the 1,300-square-foot space at 571 Highland St., with construction set to begin soon and an expected opening date late this year, according to Loeb Properties Inc.

30. Editorial: Building Broadband Access Tough, Necessary -

Tennessee should have a broadband network that can handle the pent-up demand we all have for this kind of access, whether we are rural, urban or suburban Tennesseans.

It’s an issue whose outcome should not recognize our “grand divisions” or any other borders. It’s also an issue that dovetails with the Federal Communications Commission’s recent steps to roll back net neutrality rules, regulations enacted in 2015 that require broadband providers to treat all website traffic equally.

31. Need For Speed -

Access to high-speed broadband is a growing issue in Tennessee as technological advances in business and education become more digitally based. For the rural areas around Memphis and across the state, it is becoming a matter of disparity both on the workforce-training front and in classrooms. And the two are inextricably linked.

32. Last Word: Vince Carter Leaves, Fairgrounds and Pulling the Plug on Green Tech -

Vince Carter joins Zach Randolph with the Sacramento Kings next NBA season with an $8 million one-year pact for Carter. Still no word on Tony Allen’s free agency status as we put this up. The Grizz plan to retire Randolph’s jersey.

33. Microsoft Laying Off Thousands of Workers in Sales Shakeup -

REDMOND, Wash. (AP) – Microsoft is laying off thousands of employees in a shake-up aimed at selling more subscriptions to software applications that can be used on any internet-connected device.

34. Jernigan Capital Hits Investment Milestones -

Jernigan Capital – a publicly traded, Memphis-based provider of capital to self-storage entrepreneurs – is on a tear at the moment.

The company in recent days has closed three new self-storage development investment commitments totaling almost $50 million, including a co-investment of $26.5 million for a proposed 1,424-unit facility in Manhattan. The other investments are for facilities in Knoxville and in the Boston metro area, and construction on all three facilities is set to be finished by the end of second quarter 2018.

35. Bruster’s Highlights Highland Strip Growth -

When a small record shop called Pop-I’s opened in late 1960s, it helped spark the transformation of a mundane neighborhood shopping center near the University of Memphis into a popular entertainment destination for students.

36. Cooper-Young Getting New Coffee House -

945 Cooper St.
Memphis, TN 38104

Permit Amount: $85,750

Application Date: July 2017

37. SunTrust to Launch Financial Wellness Program -

Physical fitness initiatives have become an increasingly familiar part of corporate life, from employee health risk assessments to offering financial incentives to improve wellness. SunTrust Banks Inc. wants to help companies offer a twist on that concept – fiscal wellness.

38. Renasant, Metropolitan Banks Complete Merger -

Tupelo, Miss.-based Renasant Corp. has completed its merger with Metropolitan BancGroup, Inc., the parent company of Metropolitan Bank, effective July 1.

39. St. Jude Names Thomas VP Of Clinical Trials Operations -

Tangie Thomas has joined St. Jude Children’s Research Hospital as vice president of clinical trials operations. In that role, Thomas will lead support for clinical research at St. Jude and its affiliate sites, with duties that include implementing strategic goals, overseeing recruitment efforts and determining how resources are allocated for offices that support clinical research. Thomas previously served as director of clinical affairs at the Sarah Cannon Research Institute in Nashville.

40. Spike in Home Sales Could be the Spark Frayser Needs -

By almost all accounts the Memphis housing market is firing on all cylinders almost everywhere, but for some neighborhoods hit hardest during the housing crisis like Frayser, the rebuilding process has been slow.

41. GOP May Keep Some Obama Tax Hikes to Save Health Care Bill -

WASHINGTON (AP) – Top Senate Republicans on Thursday considered keeping President Barack Obama's tax increase on wealthier people's investments and using the money to bolster their proposed health care subsidies in a bid to mollify moderate GOP lawmakers and salvage the party's struggling bill.

42. Darden CEO: Millennials Still Enjoy Chains Like Olive Garden -

NEW YORK (AP) — Millennials may be shunning some habits beloved by past generations, but one restaurant company CEO says they still want to go to sit-down chains like Olive Garden.

"Believe it or not, millennials still want to come to restaurants," Gene Lee, chief executive of Olive Garden's parent company Darden Restaurants, said Tuesday, based on what he said was the company's research.

43. Sears Closes Another 20 Stores -

NEW YORK (AP) — Sears is closing another 20 stores as the ailing retailer tries to turn around its business.

Real estate investment trust Seritage, which owns the 20 real estate properties, confirmed the closings— 18 Sears stores and two Kmart stores — in a government filing Friday.

44. Resource Label Group Paved a Road From Lamar to New Bartlett Facility -

After more than 20 years at their facility near Lamar Avenue, Resource Label Group officials wanted to move to a bigger and better place.

After looking around Shelby County, they settled on Bartlett, largely due to the suburban town’s atmosphere and family nature.

45. 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.

46. 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.

47. 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.

48. 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.

49. 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.

50. 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.

51. 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.

52. 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.

53. 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.

54. 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.

55. 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.

56. 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.

57. 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.

58. 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.

59. 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.

60. 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.

61. 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.

62. 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.

63. 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.

64. 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.

65. 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.

66. 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.

67. 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.

68. 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.

69. 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...

70. 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.

71. 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.

72. 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. 

73. 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.

74. 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.

75. 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.

76. 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. 

77. 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.

78. 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.

79. 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. 

80. 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.

81. 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.

82. 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.

83. 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.

84. 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.

85. 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.

86. 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.

87. 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.

88. 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

89. 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.

90. 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.

91. 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.

92. 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.

93. 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.

94. 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.

95. 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.

96. 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.

97. 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.

98. 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.

99. 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.

100. 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.