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Editorial Results (free)

1. Last Word: Back On, EDGE and Diversity and Jungle Room Sessions -

Are your lights on yet? How is your air conditioning? First came the rain Wednesday night and then came the power outages that stretched into Thursday.

So the last Twitter update from Memphis Light Gas and Water at 8 p.m. Thursday shows 248 outages in the MLGW service area with 2,746 customers still in the dark and the worst heat of the year so far. Those numbers translate to 95 percent of the customers impacted having their power restored Thursday evening.

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

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

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

3. Last Word: Chips Moman, ServiceMaster Incentives and Crosstown High -

Chips Moman has died. Word of his death Monday at a hospice in Georgia came two years after Moman was honored for his contributions to Memphis music and the city's history.

Those contributions were substantial and for quite a while they were overlooked – even while he was running the definition of a hit factory at American Sound Studios, a non-descript recording studio on Danny Thomas Boulevard at Chelsea Avenue in North Memphis.

4. EDGE to Consider Incentives for ServiceMaster, Others -

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

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

5. Midtown Dance Club Sells for $1.1 Million -

The former Backstreet Night Club at 2018 Court Ave. in Midtown has sold for $1.1 million to an entity called Turner Holdings LLC.

6. MED Files $1.3 Million Permit for Improvements -

877 Jefferson Ave. Memphis, TN 38104

Permit Cost: $1.3 million

Project Cost: TBA

7. Morgan Keegan Bids Reportedly Drop $200M -

Executives of Regions Financial Corp. have yet to tip their hand in public comments about the auction process that’s been open since the summer for Regions’ Memphis-based investment banking unit, Morgan Keegan & Co.

8. AP IMPACT: Tobacco Execs Quickly Find Tax Loophole -

WASHINGTON (AP) - When President Barack Obama signed a law expanding children's health insurance this spring, he slapped tobacco companies with huge tax increases to pay for it.

It didn't take long for the companies to find a multimillion-dollar loophole.

9. Time Warner Expects $25B Charge, Loss for Year -

NEW YORK (AP) - Media company Time Warner Inc. said Wednesday that it expects a fourth-quarter charge of $25 billion to write down the value of its cable, publishing and AOL assets, leading to a loss for the year.

10. Mortgage-Market Trouble Reaches Big Credit Unions -

Five of the nation's largest credit unions are reporting big paper losses on mortgage-related securities, a sign that housing-market distress is spreading even to the most risk-averse financial sectors.

11. Archived Article -

2552 Channel Ave.
Memphis, TN 38113
Permit Cost: $1.8 million

Project Cost: $1.7 million

Permit Date: Applied November 2007

12. Archived Article: Memos - Gary L Gary L. Osing has joined the Waring Cox law firm as chief operating officer. He formerly was director of administration for the law firm of Hand Arendall LLC in Mobile, Ala. He is a graduate of the University of South Alabama and Springfield ...