Editorial Results (free)
1. As Desire to Acquire Mounts, So Does Risk of Losses
- Tuesday, July 05, 2016
NEW YORK (AP) – The word suggests compassion, benevolence. It even sounds nice: Goodwill. Mankind needs more of it. But in the financial world, there may be far too much already.
Goodwill is the accounting term for the premium that companies pay when they buy each other, over the value of the actual assets being purchased, such as factories, products in a warehouse and office equipment. Goodwill is the value placed on the intangible, special something about the company being bought – its reputation, perhaps, or its skilled workforce or corporate culture.
2. McDonald's Won't Pursue Real Estate Investment Trust
- Wednesday, November 11, 2015
OAK BROOK, Ill. (AP) — McDonald's says it will not pursue spinning off its real estate assets.
The world's largest hamburger chain, which is in the midst of a turnaround plan, had been considering forming a real estate investment trust partly because of the potential tax advantages it could provide.
3. Top Beer Makers to Join Forces to Face Industry Challenges
- Wednesday, October 14, 2015
BRUSSELS (AP) — The world's biggest beer maker clinched a deal Tuesday to take over its nearest rival in a bid to stave off the megabrewers' most serious problems: the surge in popularity of craft brews and weakening sales in the rich markets of the U.S. and Europe.
4. Colorado-Based Summit Wealth Group Expands to Memphis
- Thursday, July 09, 2015
Randy Morris' Colorado-based independent wealth management firm Summit Wealth Group has grown at a steady clip over the last several years, and its new entry into the Memphis market shows that trend isn't slowing.
5. Almost Half of US Households Exhaust Their Salaries
- Friday, January 30, 2015
WASHINGTON (AP) – The Federal Reserve has declared economic growth "solid." But several new reports show most Americans are treading along a dangerous financial tightrope, where one slip could be devastating.
6. Human Resources Seminar to Examine Office Cultures
- Wednesday, September 03, 2014
Russ Williams, CEO of Memphis-based marketing communications firm archer-malmo, doesn’t want to take credit for the creative vibe and culture found inside his firm – and, moreover, he doesn’t even think the firm has necessarily cracked any kind of secret code to put its own culture in place.
7. Thoughts for 30-Somethings
- Thursday, July 17, 2014
Ray’s take: You spent your 20s setting up your life – developing some marketable skills, getting a career started, (hopefully) creating a budget, and learning to live with it.
8. AstraZeneca Rejects $119 Billion Offer From Pfizer
- Tuesday, May 20, 2014
LONDON (AP) – The board of AstraZeneca on Monday rejected the improved $119 billion takeover offer from U.S. drugmaker Pfizer, a decision that caused a sharp slide in the U.K. company's share price as many investors think it effectively brings an end to the protracted and increasingly bitter takeover saga.
9. Made in Memphis
- Saturday, August 03, 2013
Memphis’ geography is limited to roughly 300 square miles, but its identity stretches beyond the city limits, resonating to the far corners of the globe.
The city’s brand has obvious cornerstones, such as its place in the nation’s cultural topography. But setting aside those no-brainers, like the rock ‘n’ roll innovator whose mansion in Whitehaven still attracts gawkers from around the world, a lot of what makes Memphis’ story is the story of what’s made in Memphis.
10. Learn From Insurance Investments
- Thursday, June 13, 2013
Ray’s Take Insurance companies typically keep a relatively small amount of money in cash in order to pay claims, including a reserve to respond quickly to catastrophes. The rest of their funds they invest for the long term, focusing on options like corporate bonds and real estate holdings.
11. New Law Gives US Companies a Break on Pensions
- Tuesday, July 10, 2012
WASHINGTON (AP) – A new law will let companies contribute billions of dollars less to their workers' pension funds, raising concerns about weakening the plans that millions of Americans count on for retirement.
12. Southland Sells Parcels To Bank For $1 Million
- Friday, April 13, 2012
A Downtown property that real estate investor Terry Lynch once planned for residential and retail space was sold back to the lender for slightly less than $1 million.
13. White House Waffling on Long-Term Care Plan?
- Tuesday, October 18, 2011
WASHINGTON (AP) – The White House appeared to waffle Monday on the fate of a financially troubled long-term care program in President Barack Obama's health overhaul law, as supporters and foes heaped criticism on the administration.
14. Amazon Expected to Launch Tablet Wednesday
- Wednesday, September 28, 2011
NEW YORK (AP) – Amazon is expected to unveil a tablet computer Wednesday, Sept. 28, picking a fight with Apple Inc. and its iPad. The iPad has many challengers, but analysts say Amazon's could be different – it has a chance to be more than a wannabe.
15. Metropolitan Grows, Adds Mortgage Team
- Thursday, August 18, 2011
Metropolitan Bank, which has started renovating a new East Memphis office that should be open toward the end of the year, is stepping up its presence in the Memphis market.
16. Bank of America to Sell Canadian Card Business
- Tuesday, August 16, 2011
CHARLOTTE, N.C. (AP) – Bank of America Corp. plans to sell its $8.6 billion credit card business in Canada to TD Bank Group and will exit its credit card businesses in the United Kingdom and Ireland.
17. Capital One to Buy HSBC US Credit Card Arm
- Thursday, August 11, 2011
McLEAN, Va. (AP) – Capital One Financial Corp. said Wednesday that it will buy the U.S. credit card arm of Britain's HSBC for a premium of about $2.6 billion as a way to expand its domestic credit card business.
18. Temple-Inland to Review IP Offer
- Wednesday, July 13, 2011
The board of Austin, Texas-based packaging and building materials firm Temple-Inland Inc. will begin a formal review of the hostile takeover bid from Memphis-based rival International Paper Co. that was made public earlier this week.
19. Argent Financial Strengthens Memphis Ties
- Monday, April 04, 2011
It’s been almost a year since Louisiana-based Argent Financial Group, a diversified financial services company with more than $3 billion in client assets, opened a Memphis office.
Since then, the company has incrementally deepened its ties to the city with moves that include signing a five-year lease at The Crescent Center last spring.
20. First South Adds ‘Financial’ to its Name
- Wednesday, October 06, 2010
First South Credit Union didn’t get to be more than half a century old by promising customers flash and sizzle.
The venerable Memphis credit union, which recently changed its name, instead puts a premium on the ideals of strength and stability.
21. Treasury Announces Sale of Citigroup Shares
- Thursday, September 30, 2010
WASHINGTON (AP) — The government said Wednesday it is starting to sell $2.2 billion in trust preferred shares that it holds in Citigroup, another move to recoup the costs incurred in the $700 billion financial bailout.
22. Two Lines of Insurance Can Attract Employees
- Wednesday, September 01, 2010
As a small-business owner, you do your best to attract and keep good employees. One benefit you can offer that might set you apart from other employers is insurance.
Two lines of insurance coverage can help you with recruiting employees, one common and one not-so-common: group life and long-term care.
23. The Cost of Progress
- Monday, March 08, 2010
The development of Norfolk Southern Corp.’s $112 million intermodal yard on a former cattle ranch in Fayette County has polarized the community for more than a year.
24. AIG Narrows Q4 Loss, Continues Restructuring
- Monday, March 01, 2010
CHARLOTTE, N.C. (AP) – AIG said Friday it lost $8.87 billion in the fourth quarter as its general insurance business remained weak and the company ran up expenses from paying back government loans.
25. FDIC Could Seek Bailout from Banks
- Wednesday, September 23, 2009
WASHINGTON (AP) - Regulators have approached big banks about borrowing billions to shore up the dwindling fund that insures regular deposit accounts.
The loans would go to the fund maintained by the Federal Deposit Insurance Corp. that insure depositors when banks fail, said two industry officials familiar with the conversations, who requested anonymity because the plans are still evolving.
26. Business Brokerage Firm Sees Signs of Recovery
- Monday, September 21, 2009
More business owners are beginning to put their enterprises up for sale and that’s actually good news for the Memphis economy, according to agents at Elite Business Brokers.
The willingness to sell is an indication cash flows are improving because prices are mostly based on how much money a business brings in. Consequently, owners have held off on selling.
27. American Airlines Parent Gets $2.9B, Shifts Routes
- Friday, September 18, 2009
ATLANTA (AP) - American Airlines' parent company said Thursday it is taking on significant new debt at a time when revenues are being hammered, but the $2.9 billion in cash and fresh financing it raised should quiet concerns – for now – that it is in danger of a cash crunch and a bankruptcy filing.
28. Citigroup Sells Stake in Japanese Asset Manager
- Friday, July 31, 2009
NEW YORK (AP) - Citigroup Inc. said Thursday it is selling its entire majority stake in a Japanese asset management company to The Sumitomo Trust and Banking Co Ltd. for about $795 million.
The bank is selling its 64 percent stake in Nikko Asset Management for 75.6 billion yen as part of its ongoing plan to reduce its holdings in Japan, and amid an overhaul of its worldwide operations.
29. Recession Pits Small, Big Banks Against Each Other
- Tuesday, April 21, 2009
WASHINGTON (AP) – First they felt their reputations were stained by the financial meltdown. Now they’re paying a price they protest is unfair.
Small bankers are complaining loudly that they had nothing to do with the excesses of big Wall Street firms, freewheeling deals in the mortgage market and risky investments that precipitated the economic crisis.
30. Citigroup Reaches Aid Deal with Government
- Monday, March 02, 2009
WASHINGTON (AP) - The U.S. government will exchange up to $25 billion in emergency bailout money it provided Citigroup Inc. for as much as a 36 percent equity stake in the struggling bank, greatly increasing the risks to taxpayers as voter unhappiness about the broader bailout program rises.
31. Stanford Deployed Web of Lies, Documents Show
- Friday, February 20, 2009
WASHINGTON (AP) – Disgraced banker R. Allen Stanford’s pitch to investors was equal parts glamour and flattery.
32. Citigroup's Top 3 Executives Decline Bonuses
- Thursday, January 22, 2009
NEW YORK (AP) - Citigroup's top three executives have passed up bonuses, as the banking giant works to return to profitability after five straight quarters of losses.
Chief Executive Vikram Pandit, Chairman Win Bischoff and Chief Financial Officer Gary Crittenden have declined incentive and retention awards that were offered to members of the bank's executive committee, Citigroup said in a filing Wednesday with the Securities and Exchange Commission.
33. Government Moves Again To Unclog Credit Lines
- Wednesday, October 15, 2008
WASHINGTON (AP) – The government put itself four-square into the country’s banking business Tuesday, resorting to what President Bush conceded was the unwelcome choice of a partial nationalization to loosen paralyzed channels of credit.
34. Bank of America Agrees to Buy Merrill for $50B
- Tuesday, September 16, 2008
NEW YORK (AP) – Bank of America on Monday began adding another slice to its growing financial services empire, buying Merrill Lynch in a $50 billion deal that would create a bank that offers everything from fixed-income trading to credit card lending.
35. Growth Continues for Finance for Life
- Monday, August 04, 2008
It’s easy to track the growth of Finance for Life, the premium finance brokerage firm that Ronnie Katz launched in 2004 as a one-man operation in a 120-square-foot office on June Road in East Memphis.
36. Fannie, Freddie Spent Millions On Lobbying
- Friday, July 18, 2008
WASHINGTON (AP) – For years, mortgage giants Fannie Mae and Freddie Mac tenaciously worked to nurture, and then protect, their financial empires by invoking the political sacred cow of homeownership and fielding an army of lobbyists, power brokers and political contributors.
37. Thriving 'Aerotropolis' Isn't Far-Fetched in Memphis, Expert Says
- Wednesday, January 10, 2007
Memphis is an innovative city. In looking at airport development around the world, anyone can see the footprint Memphis has left.
The 2006 annual report for the Memphis-Shelby County Airport Authority refers to the Guangzhou New Baiyun Airport in the Huadu District of Guangzhou, China, as proclaiming the goal of building Huadu "into China's Memphis."
38. Archived Article: Daily Digest
- Thursday, March 03, 2005
Winchester, Riverdale Land
Winchester, Riverdale Land
Financed for $27.5 Million
Michael A. Lightman Sr. has financed 38.78 acres near Winchester and Riverdale roads for $27.5 million, according to The Daily News Public Records Database, ww...
39. Archived Article: Daily Digest
- Wednesday, September 03, 2003
purchase of Florida branches
Jackson, Miss.-based Trustmark Corp. announced that Trustmark National Bank has completed the purchase of Floridas Emerald Coast branches of The Bank, a subsidiary of Birmingham...
40. Archived Article: Comm Focus
- Friday, October 11, 2002
By STACEY WIEDOWER
Guardianships make long-term decisions easier
By STACEY WIEDOWER
The Daily News
As Memphis moves forward into the 21st century, area residents are faced with an inevitable fact the population is aging, and people over ...
41. Archived Article: Law Briefs
- Thursday, January 03, 2002
Meet Me in Memphis is the theme of the Arkansas Bar Association's annual mid-year meeting, Jan The Memphis Bar Association presents "Privacy Law: Current Developments in the Information Age" from 10 a.m. to 5 p.m. Wednesday in the MBA Conf...
42. Archived Article: Law Briefs
- Thursday, December 27, 2001
Meet Me in Memphis is the theme of the Arkansas Bar Association's annual mid-year meeting, Jan The Tennessee Bar Association is sponsoring the "2002 Update: Preventing Legal Malpractice and Ethics Complaints in Personal Injury and General Pract...
43. Archived Article: Law Briefs
- Thursday, December 13, 2001
Meet Me in Memphis is the theme of the Arkansas Bar Association's annual mid-year meeting, Jan A holiday open house is 4 p.m. to 8 p.m. Tuesday at the new offices of Weintraub, Stock and Grisham at 1715 Aaron Brenner Drive, Suite 512. This is the la...
44. Archived Article: Nextel P.2
- Thursday, May 03, 2001
Nextel buys Lets Talk outlets Nextel buys Lets Talk outlets Nextel Communications Inc., through a subsidiary, completed the purchase of certain assets of Let's Talk Cellular and Wireless Inc. Nextel paid about $32 million, subject to certain post-cl...
45. Archived Article: Regions Mk P.2
- Tuesday, December 19, 2000
Regions to buy Morgan Keegan Regions to buy Morgan Keegan Regional bank Regions Financial Corp. said Monday it plans to buy investment services provider Morgan Keegan Inc. for $789 million in stock, to push into the brokerage and investment banking ...
46. Archived Article: Ip P.2
- Wednesday, April 26, 2000
IP makes offer for Champion; announces asset sale IP makes offer for Champion; announces asset sale Shares of paper company Champion International leaped 21.5 percent Tuesday after it received a bid worth $8.5 billion in cash and stock, plus ...
47. Archived Article: Comm Focus
- Friday, March 31, 2000
Senior banking customers expect more than a toaster Senior banking customers expect more than a toaster By KATHLEEN D. BARK Special to The Daily News Most people dont associate a stop at the bank with birthday and dancing parties, casino trips or vo...
48. Archived Article: Mktbrfs
- Monday, November 08, 1999
Plainwell Inc Plainwell Inc. announced today that Plainwell Tissue - Memphis Inc., an affiliated company has signed a purchase agreement to buy the assets of Shelby Tissue Inc. Shelby, located in Memphis, is a producer and converter of consumer tiss...
49. Archived Article: Rfs Bott
- Friday, October 29, 1999
Home - Yahoo RFS Hotel Investors Inc. creates Internet subsidiary RFS Hotel Investors Inc. announced Thursday it has created a new Internet subsidiary called Centrafuse. The new business unit is an application service provider that delivers premium ...
50. Archived Article: Up Acquires
- Thursday, September 10, 1998
Union Planters expands Union Planters expands presence in Indiana Union Planters Corp., First Chicago NBD Corp. and Banc One Corp. announced Tuesday Union Planters will acquire 51 NBC branches and associated deposits and loans in Indiana. The sale w...
51. Archived Article: Law Focus-taxes
- Thursday, August 28, 1997
By SUZANNE THOMPSON Taxing legislation Taxpayer Relief Act of 1997 brings new credits, deductions and change in capital gains tax for careful planners By SUZANNE THOMPSON The Daily News On Aug. 5, President Clinton signed into law tax legislation wh...
52. Archived Article: Marketplace Chg
- Monday, August 25, 1997
Thrift success Thrift success Three-year study reveals that thrift institutionsí success rides on fixed-rate mortgages By CAMILLE H. GAMBLE The Daily News A recent study reveals that there is a key to making a thrift institution ìhighl...
53. Archived Article: Market Briefs
- Monday, July 21, 1997
Dyersburg Corp Dyersburg Corp. announced Wednesday that it has a definitive purchase agreement to acquire certain operations and assets of the Alamac Knits Fabrics subsidiary of WestPoint Stevens Inc. The acquisition will include the purchase of fou...
54. Archived Article: Impac Hotels Lj
- Friday, January 31, 1997
lj 10/5 cates Atlanta hotel group plans upgrade to Holiday Inn By LAURIE JOHNSON The Daily News An Atlanta-based hotel group has purchased a Holiday Inn along the I-40 corridor in Memphis and plans to begin a multi-million-dollar upgrade of the prop...
55. Archived Article: Real Briefs
- Tuesday, November 12, 1996
Equity Inns Inc Equity Inns Inc., a hotel real estate investment trust with assets in the premium limited-service and extended-stay segments of the hotel industry, has announced that it has completed the purchase of a recently opened Homewood Suites...
56. Archived Article: Back
- Monday, September 23, 1996
Equity Inns to assign leases to Interstate Hotels Equity Inns to assign leases to Interstate Hotels Equity Inns Inc., a hotel real estate investment trust with assets concentrated in the premium limited-service and extended-stay segments, announced ...
57. Archived Article: Page 3
- Tuesday, September 10, 1996
Equity Inns stock begins trading on NYSE Equity Inns stock begins trading on NYSE Equity Inns Inc., a hotel real estate investment trust with assets concentrated in the premium limited-service and extended-stay segments of the hotel industry, announ...
58. Archived Article: Inv Analys
- Monday, January 29, 1996
01/29 Inv analys To retire early, plan early By MIKE STEIN Special to The Daily News It seems that early retirement is becoming the rule rather than the exception these days. Not only are many people choosing to retire before the traditional age of ...