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Editorial Results (free)

1. S&P 500, Nasdaq and Russell 2000 Close at Record Highs -

Wall Street ended a week of milestones with a few more Friday.

The benchmark S&P 500 index closed at an all-time high, just two days after the current bull market in U.S. stocks became the longest in history. The Nasdaq composite and the Russell 2000 indexes also ended the day at all-time highs.

2. Slide in banks, energy firms weighs on US stock indexes -

Stocks drifted mostly lower in late-afternoon trading on Wall Street Thursday, on track to add to the market's modest losses a day earlier. A slide in banks and energy companies offset solid gains for the technology sector. Homebuilders also declined following new data showing sales of new U.S. homes slumped in July.

3. American Workers' Willingness to Quit Hits 17-Year High -

WASHINGTON (AP) — The proportion of American workers that quit their jobs in May reached the highest level in 17 years, a sign that more people are confident they can find a new job, likely at higher pay.

4. Investors are Winners as Companies Lay Out Tax-Saving Plans -

NEW YORK (AP) – It's just what the GOP said we'd hear from a CEO after being handed a big tax break.

But when Charles Scharf announced plans last month to spend his company's tax savings on higher wages and technology, investors began selling.

5. Big Pay Gains for US Workers Contribute to Wall St. Sell-Off -

WASHINGTON (AP) – Pay raises, the U.S. economy's Achilles' heel in its long recovery from the Great Recession, finally showed signs of accelerating last month – a trend that fanned inflation fears and sent bond yields rising and stocks sinking.

6. AP Sources: Feds Probe Uber's Tracking of Lyft Drivers -

DETROIT (AP) – The Justice Department in Manhattan is investigating whether Uber illegally used software to track drivers for Lyft, its main ride-hailing competitor, to gain an advantage in attracting and recruiting drivers, according to two people familiar with the probe.

7. The Week Ahead: July 31-August 6 -

Hello, Memphis! It's time to wave goodbye to July and hello to August, and there's plenty to keep you busy this week. Check out our top picks, plus more you need to know about in The Week Ahead...

8. Last Word: Freeze Warning, Corker on Obamacare Repeal and The Disney Example -

What do you call it when you expect a lot of trouble coming from a specific direction – with a detailed roadmap -- and a completely different controversy comes in from a different direction, hits and leaves a crater. Whatever you call it, that is what happened to Ole Miss football coach Hugh Freeze Thursday evening. Or did it?

9. Make Less Than $54K? Consider This Underused Tax Break -

You work hard, so why not take some credit for it?

The Earned Income Tax Credit is one of the most overlooked tax credits around, according to many experts. But it is also one of the more generous.

10. Volkswagen: Draft Deal in Scandal Contains $4.3B in Fines -

FRANKFURT, Germany (AP) – German automaker Volkswagen AG said Tuesday that it was in "advanced talks" with United States authorities over a proposed settlement in its diesel emissions scandal under which the company would pay $4.3 billion in criminal and civil fines.

11. Business Owner Faces Prison for Not Paying Taxes -

A Germantown resident and business owner has been sentenced to one year in prison and ordered to pay more than $10 million in restitution for failing to pay employment taxes to the Internal Revenue Service.

12. Business Owner Faces Prison For Failure to Pay Taxes -

A Germantown resident and business owner has been sentenced to one year in prison and ordered to pay more than $10 million in restitution for failing to pay employment taxes to the Internal Revenue Service.

13. Volkswagen to Launch More Electric Cars After Diesel Scandal -

FRANKFURT, Germany (AP) – German automaker Volkswagen plans to ramp up its offerings of electric vehicles as it fights to bounce back from a scandal over diesel cars rigged to cheat on emissions tests.

14. Microsoft to Buy Networking Site LinkedIn for $26.2 Billion -

NEW YORK (AP) – In a surprise move, Microsoft said Monday that it is buying LinkedIn for about $26.2 billion, a deal that could bring subtle but significant changes for the professional network's more than 430 million members.

15. Scandal-Hit Volkswagen Makes Profit Despite Scandal -

FRANKFURT, Germany (AP) – German automaker Volkswagen saw its net profit fall 19 percent in the first three months of the year – but showed it can still make money even as it grapples with a costly scandal over cars rigged to cheat on diesel emissions tests.

16. 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.

17. Local Business Owner Pleads Guilty to Tax Fraud -

A Germantown resident and business owner has pleaded guilty to one count of failing to pay over employment taxes to the Internal Revenue Service and faces sentencing July 22.

Larry Thornton, 66, the owner and chief executive of Software Earnings Inc. and First Touch Payment Solutions LLC, entered a plea agreement with the U.S. Justice Department’s Tax Division and U.S. Attorney’s Office of the Western District of Tennessee.

18. Germantown Business Owner Pleads Guilty to Tax Fraud -

A Germantown resident and business owner has pleaded guilty to one count of failing to pay over employment taxes to the Internal Revenue Service and faces sentencing July 22.

Larry Thornton, 66, the owner and chief executive of Software Earnings Inc. and First Touch Payment Solutions LLC, entered a plea agreement with the U.S. Justice Department’s Tax Division and U.S. Attorney’s Office of the Western District of Tennessee.

19. Home Values Point to a Sharp Wealth Divide Within US Cities -

WASHINGTON (AP) — It's still possible in Boston for a mail carrier, an accountant and a Harvard-trained psychiatrist — basically, the crowd from "Cheers" — to live as neighbors.

That finding by the real estate brokerage Redfin makes the capital of Massachusetts a rarity at a time when neighborhoods in most U.S. cities are increasingly isolated from each other by income and home values.

20. Wal-Mart, Others Speed Up Deliveries to Shoppers -

BETHLEHEM, Pa. (AP) — Christmas won't come early this year, but the gifts might.

Just in time for the winter holiday shopping season, Amazon, Wal-Mart, Macy's and other retailers are working behind the scenes to make sure they can deliver online orders to shoppers faster.

21. Want a Great-Paying Job? Here’s the Deal -

Want a new career with nearly unlimited upside potential? One that will have employers beating down your door?

Uncle Sam wants you – to join the technology workforce.

Nationwide, skilled tech workers are in short supply, with more than half a million jobs going unfilled. And in Tennessee, where the rapidly expanding economy has companies competing for every qualified worker, the state is going to great lengths to train people in sought-after tech skills – footing the entire bill, in some cases, for adults willing to retool their careers.

22. Health Care Records Make Fertile Field for Cyber Crime -

Those seemingly harmless medical forms everyone fills out before seeing a doctor can lead to identity theft if they get into the wrong hands.

Names, birthdates and – more importantly – Social Security numbers can help hackers open fake credit lines, file false tax returns and create false medical records. And health care businesses can lag far behind banks, credit card companies and retailers in protecting such sensitive information.

23. Higher-Income Americans Hit Hardest by Tax Changes -

WASHINGTON (AP) – Higher-income Americans and some legally married same-sex couples are likely to feel the biggest hits from tax law changes when they file their federal returns in the next few months. Taxpayers also will have a harder time taking medical deductions.

24. Stocks March Into Higher Realm -

Found: New Highs!

Markets continued their record march this week as a tepid jobs report reinforced expectations for further Fed stimulus. In anticipation of “print it” Janet’s reign, the 10-year Treasury yield has frozen at 2.5 percent. With a valuation of 17x trailing operating earnings, S&P 500 earnings yield nearly 6 percent. Obviously 6 percent is more than 2.5 percent, making stocks more attractive than bonds. To wit, equity mutual funds have added $32 billion in assets since May 31, while bond mutual funds have shed $128 billion. The longer interest rate expectations remain anchored at low levels, the more enticing the gap between the earnings yield for stocks and the interest rate yields for bonds. This explains the continued push into record territory for the stock market. As rate increase fears abate, stocks escalate.

25. Microsoft Says CEO Ballmer to Retire in 12 Months -

NEW YORK (AP) – Microsoft CEO Steve Ballmer, known as much for his zany personality as his business discipline, will leave a legacy of mixed results and a monumental challenge for his yet-to-be-named successor.

26. Microsoft Sets Oct. 17 Release for Windows 8.1 -

SAN FRANCISCO (AP) – Consumers waiting for Microsoft's revamped version of its latest Windows operating system will be able to get the software beginning Oct. 17.

The release date for Windows 8.1 is nearly a year after the debut of Windows 8, a dramatic overhaul of the operating system that has been powering most personal computers for decades.

27. Icahn Contests Condition in Latest Dell Offer -

Billionaire investor Carl Icahn is renewing his attack on Michael Dell's leadership and warning that the latest offer from Dell to buy the struggling PC maker he founded bypasses an important shareholder safeguard.

28. Dell's Founder Boosts Offer to Buy the Company -

NEW YORK (AP) – A group led by Dell's founder raised its offer for the struggling computer maker Wednesday in hopes of attracting more shareholder support for its plan to take the company private.

29. Dell Delays Vote on Buyout, Sign It Lacks Support -

ROUND ROCK, Texas (AP) – Dell has delayed Thursday's vote on founder Michael Dell's plan to take the slumping computer maker private in a sign the board needs more time to rally support.

30. Icahn to Seek Court Appraisal of $24.4 Billion Dell Deal -

SAN FRANCISCO (AP) – Billionaire investor Carl Icahn will ask a judge to assess the fairness of a proposed $24.4 billion acquisition of struggling personal computer maker Dell in his latest attempt to wrangle a higher price from a group of buyers that includes company CEO Michael Dell.

31. Small Businesses are Hiring Again, But Cautiously -

NEW YORK (AP) – Nina Vaca is interviewing job applicants at her staffing company again after putting hiring on hold at the end of last year.

Vaca expects to hire more than 50 people for her firm, Pinnacle Technical Resources, by the end of 2013. Demand is soaring for the high-tech temporary workers it places at large corporations. The reason for her caution: Months of uncertainty about federal taxes and budget cuts has disappeared.

32. RIM Unveils Cheaper BlackBerry -

ORLANDO, Fla. (AP) – Research In Motion unveiled a lower-cost BlackBerry aimed at consumers in emerging markets on Tuesday, and said it will offer its once-popular BlackBerry Messenger service on iPhones and devices running Google's Android software.

33. Dell Raises Intrigue by Rescheduling Earnings Report -

ROUND ROCK, Texas (AP) – Struggling personal computer maker Dell will report its latest quarterly earnings ahead of schedule in a move likely to spur speculation that the results will be dismal.

34. Reports: Microsoft May Invest in Dell Buyout -

NEW YORK (AP) – Microsoft has joined the negotiations to buy struggling computer maker Dell, according to media reports.

Both CNBC and The Wall Street Journal reported that Microsoft Corp. may invest some of the money needed to take Dell Inc. private after 25 years as a publicly traded company. Tuesday's stories cited unidentified people familiar with the negotiations.

35. Storm Leads Companies to Postpone Earnings Reports -

NEW YORK (AP) – A number of major U.S. companies postponed quarterly earnings reports scheduled for Monday and Tuesday, as Hurricane Sandy barreled into the East Coast and caused the first unplanned shutdown of financial markets since 2001.

36. Americans' Confidence Falls Off in August -

NEW YORK (AP) – Americans are feeling worse about the economy than they have in a long time – a fact that could have wide-reaching implications everywhere from Wal-Mart to the White House.

37. UPS to Buy TNT Express for $6.8 Billion -

AMSTERDAM (AP) – United Parcel Service Inc. said Monday it will buy Netherlands-based TNT Express NV for $6.77 billion (€5.16 billion) in a cash deal that will create a company with annual sales of €60 billion.

38. Obama Call for Manufacturing Revival a Tough Goal -

WASHINGTON (AP) – President Barack Obama is making a strong election-year push for an economic revival "built on American manufacturing." But he faces an uphill slog, with little consensus even within his own party on how to do it.

39. Status Update: Facebook to Go Public, Raise $5B -

NEW YORK (AP) – Facebook made a much-anticipated status update Wednesday: The Internet social network is going public eight years after its computer-hacking CEO Mark Zuckerberg started the service at Harvard University.

40. BlackBerry Maker Writes Off Value of Tablet Inventory -

NEW YORK (AP) – Research In Motion Ltd., the struggling maker of the BlackBerry phones, is writing off much of its inventory of PlayBook tablets, since it has to sell them at a deep discount.

41. Buffett's Firm Buys About $10.7B in IBM Shares -

OMAHA, Neb. (AP) – Investor Warren Buffett says his company bought about $10.7 billion of IBM stock this year, giving it a stake of more than 5 percent in the technology company.

Buffett revealed the investment during an interview on CNBC on Monday. Buffett's company, Berkshire Hathaway Inc., planned to file a full quarterly update on its U.S. stock portfolio Monday afternoon.

42. Car Dealers Fear Economy Could Scare Off Buyers -

STERLING HEIGHTS, Mich. (AP) – Jeff Swanson was in the market for a new car just a few weeks ago. Then the stock market went crazy.

So Swanson, 25, decided to keep his 10-year-old Pontiac Grand Prix for at least another year. Gyrations in stocks and talk of a weakening economy rattled Swanson's confidence about taking on another payment, even though his new job running a home for mentally disabled people seems to be secure.

43. The iPad Trumps Oil: Apple is Most Valuable US Co. -

NEW YORK (AP) – Investors seem to think you want an iPad more than oil, as Apple Inc. became the most valuable company in the United States, surpassing Exxon Mobil Corp. on Wednesday.

44. Focus on Windows Growth in Microsoft's Fiscal Q4 -

REDMOND, Wash. (AP) — Microsoft Corp, the world's largest computer software maker, will try to shake the perception that it's turning into a technological dinosaur when it releases its latest quarterly results after the stock market closes Thursday.

45. Visa Makes Moves into Mobile Banking -

Visa Inc. announced two moves on Thursday into mobile banking, buying a company that makes software for mobile banking for users in Africa, Asia and the Middle East, and striking an agreement with another company that works with bank customers.

46. Retail Slide Sends Broad Stock Market Lower -

NEW YORK (AP) — Signs that U.S. consumer demand may be weakening led to a broad sell-off in stocks Friday, setting the market on course for its third week of losses.

Retailers Gap Inc. and Aeropostale each lost more than 15 percent after cutting their profit forecasts for the year, in part because of higher costs for raw materials. Gap's sales have been sluggish, a worrying sign for investors who are counting on shoppers to lead a recovery in consumer spending.

47. Report: Google Ad Inquiry Focused on Pharmacies -

SAN FRANCISCO (AP) – Google Inc. recently set aside $500 million to cover a possible settlement of a U.S. government investigation into the Internet search leader's distribution of online ads from illegal pharmacies, according to a report published Thursday.

48. Microsoft 2Q Earnings Edge Down on Slow PC Sales -

SEATTLE (AP) – Microsoft Corp.'s net income for the latest quarter fell slightly from a year ago but the software giant still beat Wall Street's expectations despite the weak personal computer market.

49. Back and Forth is Name of the Game -

As July closed, the back-and-forth, range-bound market activity continued. The S&P 500 ended the month with a return of over 7 percent (the best month since July 2009), as earnings reports built fundamental support for valuations. Nearly two-thirds of the S&P 500 companies have now reported second-quarter earnings.

50. Profitability Could be Ahead For Paragon -

Paragon National Bank president and CEO Robert Shaw won’t be drafting his presentation for another year, but he already knows one of the themes he hopes to be able to tout at the bank’s 2011 annual meeting.

51. McWherter to Use Blind Trust if Elected Governor -

NASHVILLE, Tenn. (AP) - Democrat Mike McWherter said this week he will place all of his investments in a blind trust if he is elected governor in contrast with Republican Bill Haslam’s decision on his holdings in a family-owned chain of truck stops.

52. Software EarningsLands Key Sponsorship -      Memphis-based Software Earnings has become a sponsoring organization of the Electronic Check Clearing House Organization (ECCHO), which created and maintains rules that govern private-sector check image exchange for its

53. Software Earnings Partners With BankTEL -      Memphis-based Software Earnings, a developer of check and image processing technologies and services for the financial industry, has forged a partnership with Columbus, Miss.-based BankTEL. The partnership will provide f

54. Workers Gripe About High Fees, Limited Choice at Some 401(k)s -

Peter Ching, 28, landed a job as a programmer at a New York software company this summer. But he had second thoughts when he saw the menu of mutual funds in the company's 401(k) retirement-savings plan.

55. Archived Article: Rapsheets (lead) - STACEY WIEDOWER

Rapsheets Acquired by ChoicePoint

Criminal records database a natural fit with Georgia firm


The Daily News

ChoicePoint (NYSE: CPS), a leading provider of identification and credential verification servi...

56. Archived Article: Daily Digest - Swig Martini Bar

CCC Board Picks

Market Study Consultant

The Center City Commission board of directors approved a committee recommendation to hire a team led by real estate services firm Cushman & Wakefield to conduct a $55,000 Downtown...

57. Archived Article: Daily Digest - Arena Bonds Interest

Arena Bonds Interest

Exceeds Forecast

The Public Building Authority said bonds issued for construction of FedExForum have generated interest greater than forecast. PBA special counsel Charles Carpenter requested County ...

58. Archived Article: Newsmakers - Area Fire Fighters, Police Awarded for Bravery

Firefighters, Officers Awarded for Bravery The 100 Club of Memphis presented Valor Awards, the highest honor for bravery in Memphis and Shelby County, to Collierville police officer Michael Riley and...

59. Archived Article: Daily Digest - FEMA, Homeland Security

FEMA, Homeland Security

Announce Memphis Grants

The U.S. Department of Homeland Security and Federal Emergency Management Agency have awarded three local grants. Homeland Security is slated to give $10 million to Mem...

60. Archived Article: Daily Digest - CRYE-LEIKE EXPANDING HOT SPRINGS

Computer Distributor

Requests Tax Freeze

SEOPC Inc., a distributor of computer components, is seeking a three-year tax freeze for a distribution facility at 4995 Citation Drive in Memphis. The project would ...

61. Archived Article: Benchmark - Alaska sues investment firms over WorldCom losses

Alaska sues investment firms over WorldCom losses

The state of Alaska has filed a lawsuit against several major financial institutions to recover money lost in bonds issued by bankrupt WorldCom...

62. Archived Article: Yahoo P2 - Yahoo buys search-software maker

Yahoo buys search-software maker
Internet media company Yahoo Inc. Monday said it would pay $235 million to buy Internet search-software maker Inktomi Corp., strengthening its position in the growing Web sear...

63. Archived Article: Agriliance (lead) - Agriliance relocating to Tournament Trails

Agriliance relocates to Tournament Trails


The Daily News

Agriliance, an agronomy marketing joint venture, is moving its East Memphis office farther east to the Tournament Trails off...

64. Archived Article: Tech Briefs - Memphis videoconferencing company, Interactive Solutions Inc

Dr. Steven Bares, Memphis Biotech Foundation president and executive director, is the keynote speaker at the Memphis Chapter of the Public Relations Society of Americas meeting at 11:45...

65. Archived Article: Tech Focus - Tech Support, Please Hold Youve reached tech support, please hold By STEVE PILGRIM Special to The Daily News I don't go to restaurants to make a new friend with the waiter or waitress. It's fine to be polite, but I'm not there to include them in wha...

66. Archived Article: Tech Briefs - Mimeo Mimeo.com Inc., a provider of Internet-based printing solutions for corporations, announced the launch of its enterprise solutions program. Designed to provide higher levels of satisfaction and increase productivity among Mimeo's corporate cus...

67. Archived Article: M.s. Carriers P.2 - Swift to acquire M Swift to acquire M.S. Carriers Memphis-based M.S. Carriers has agreed to a merger deal with Phoenix-based Swift Transportation Co. Inc. to create the largest trucking company in North America. M.S. Carriers Inc. and Swift announce...

68. Archived Article: Law Focus (bbb) - Work-at-home deals often too good to be true Work-at-home deals often too good to be true Interested in making money while staying at home? Remember that if it sounds too good to be true, it probably is. That is what Better Business Bureaus across N...

69. Archived Article: Tech Briefs - The Grant Center is offering beginning and intermediate-level training in Internet Research for the grant writer Oct The Grant Center is offering beginning and intermediate-level training in Internet Research for the grant writer Oct. 20 at Christia...

70. Archived Article: T&b P.2 - Electrical component manufacturer Thomas and Betts Corp Electrical component manufacturer Thomas and Betts Corp. reported a second quarter loss of $32.6 million, or 56 cents a share, and said it was restating its fiscal 1999 results. Thomas and Bett...

71. Archived Article: Benchmark - Shareholders sue software firm Citrix Shareholders sue software firm Citrix Shareholders of Citrix Systems Inc. filed suit against the heavily traded specialty software company, alleging the company lied about its financial condition and growth pote...

72. Archived Article: Autozone P.2 - AutoZone second quarter earnings, sales up AutoZone second quarter earnings, sales up All the cylinders are clicking at AutoZone Inc. The company reported diluted earnings per share of 28 cents for its second fiscal quarter ended Feb. 12, up 17 perc...

73. Archived Article: Scb - SCB reports third quarter results SCB reports third quarter results SCB Computer Technology Inc. announced results for its third quarter and nine months ended Jan. 31. As a result of organizational changes and resulting refocused priorities, the com...

74. Archived Article: Tech Briefs - Certificates of birth, death, marriage or divorce occurring in Tennessee can be ordered online through the Tennessee Departmen Certificates of birth, death, marriage or divorce occurring in Tennessee can be ordered online through the Tennessee Depar...

75. Archived Article: Tech Briefs - Software Earnings Inc Nextel Communications has expanded its service coverage to include east Collierville and the Stage Road area. The companys Mid-South market coverage extends east into Bartlett, Cordova, Germantown and Collierville; south into D...

76. Archived Article: Tech Focus - Chances are there's a PC nearby Accounts PC-able   First Tennessee Bank and Southern Security Federal Credit Union offer a Web presence that includes Internet banking   By KATHLEEN BURT The Daily News Chances are a PC is nearby. Wouldnt it...

77. Archived Article: Office Chg - By CAMILLE H Office construction stable in fourth quarter, year Existing companies expanding in the Memphis market increase demand for office space By CAMILLE H. GAMBLE The Daily News Fourth quarter office construction in Shelby County remained stab...

78. Archived Article: Tech Briefs - SCB Computer Technology has earned a ranking in Business Weeks 1997 list of Hot Growth Companies in America SCB Computer Technology has earned a ranking in Business Weeks 1997 list of Hot Growth Companies in America. The selections are based on each...

79. Archived Article: Marketplace Chg - By CAMILLE H Apple changes After 32 percent loss in net sales, Apple streamlines organization with fewer but stronger products By CAMILLE H. GAMBLE The Daily News The computer market has experienced great changes in the past two years with the relea...

80. Archived Article: Aol Chg - When is big too big When is big too big? America Online passes 8 million member mark, takes additional measures to address demand By CAMILLE H. GAMBLE The Daily News America Online Inc. announced last week that membership in its on-line Internet net...

81. Archived Article: Market Briefs - Two local medical equipment companies have donated equipment to the University of Memphis for research and instruction Two local medical equipment companies have donated equipment to the University of Memphis for research and instruction. Dr. John H...

82. Archived Article: Koger Chg - Koger Center expands Koger Center expands with new office building New projects may cause East office submarket to move in tenantsí favor By CAMILLE H. GAMBLE The Daily News Jacksonville, Fla.-based Koger Equity, the owner and developer of th...

83. Archived Article: Back - SCB reports improved second quarter earnings SCB reports improved second quarter earnings SCB Computer Technology Inc. announced this week an increase in revenue and earnings for the second fiscal quarter ended Oct. 31. The results include the effec...