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Editorial Results (free)

1. Report: Goldman Looks to Partner With Apple on Credit Card -

NEW YORK (AP) – Goldman Sachs and Apple are looking to partner together to create a new credit card, the first foray by Goldman Sachs into the $1 trillion credit card market, The Wall Street Journal reported Thursday, citing unnamed sources.

2. Amazon, Buffett And JPMorgan Join Forces on Health Care -

Three of corporate America's heaviest hitters – Amazon, Warren Buffett and JPMorgan Chase – sent a shudder through the health industry Tuesday when they announced plans to jointly create a company to provide their employees with high-quality, affordable care.

3. Collins Leaving as City's Chief Financial Officer -

City of Memphis chief financial officer Brian Collins is leaving the post he’s held for the last five years across two mayoral administrations to become executive director of the Illinois Municipal Retirement Fund, Collins announced Friday, Nov. 17. He is leaving City Hall in January and starts his new job Jan. 8.

4. Perfect Game, Then No-Hitter for North Carolina Little Leaguers -

SOUTH WILLIAMSPORT, Pa. (AP) — At the Little League World Series, the question now is not whether anyone can beat the team from Greenville, North Carolina.

It's whether anyone can get a hit.

5. Shoppers Have Many High-End Card Options, But for How Long? -

NEW YORK (AP) – Shoppers with means who want a lot of high-end rewards on their credit cards have plenty of options – at least right now.

Since JPMorgan Chase launched the $450-a-year Chase Sapphire Reserve Card a year ago, joining the market created by the American Express Platinum Card, companies like U.S. Bank and UBS have jumped in with similar cards. Citi's Prestige card, which gives the unique benefit of a fourth night free at hotels, already existed.

6. Rising Interest Rates Boost Bank of America's Profits -

NEW YORK (AP) – Consumer banking giant Bank of America reported a 10 percent rise in second-quarter profits on Tuesday as gains from higher interest rates were more than enough to offset a drop in trading revenue.

7. New Documentary Tells Story of Tobey Skate Park -

A new documentary on the 6-year-old Memphis Skate Park at Tobey Park takes a look at skate culture in Memphis and the struggle to get the park to reality after securing a grant that ran out and then securing city capital funding for it.

8. Murder Charges Raise Questions About Bounty Hunters -

NASHVILLE, Tenn. (AP) – About three weeks ago, just after midnight, a group of seven bounty hunters surrounded a car in a Wal-Mart parking lot and blocked it from leaving, according to court documents. Authorities say the bounty hunters believed an ex-convict who had skipped out on several court appearances was one of four men in the parked car.

9. Last Word: Busy Council Day, County Property Tax Cut Call and Gas Tax Vote Nears -

The Lawsons – K.J. and Dedric – are on their way to Kansas after leaving University of Memphis basketball they announced Monday. And Markell Crawford confirmed Monday that he will be transferring too. Crawford is the sixth Tiger player to head for the door since the season’s end. What will Tigers basketball look like by the next season?

10. Last Word: Calipari Madness, Wolfchase 20 Years On and The Path Beyond Chemo -

John Calipari returns to Memphis at week’s end after Kentucky advanced Sunday to the NCAA South semifinals at FedExForum Friday. But based on the way his team played Sunday after a close game with Northwestern Saturday he might not be here long.

11. Last Word: Curry Todd, Crosstown Brewing and Cursive Comeback -

A word at the top of Last Word about campaign signs and what happens to some of them during a campaign.

There are a couple of sayings – bits of political wisdom by the judgment of some – that are uttered numerous times during every election season.

12. Bank of America Profits Fall 20 Percent, Hurt By Low Rates -

NEW YORK (AP) – Bank of America's earnings fell 20 percent in the second quarter, the bank said Monday, as historically low interest rates dented the bank's profitability, just like it had done for its major competitors.

13. New Numbers: Memphis Industrial Market Breaks Records -

The Memphis industrial sector had a banner year in 2015. According to year-end data from Cushman & Wakefield/Commercial Advisors, last year’s absorption level came in at 8.4 million square feet, 2 million square feet higher than 2006’s pre-recession levels and a record for the market.

14. Last Word: Out of Time, Brian Collins and Fear of Heights & A Different No Gang Zone -

I have a confession. Hillary Clinton is not happy with me.
I’ve seen the signs in recent weeks but didn’t want to accept the truth.
Then Wednesday evening, as I was about to put this column together, I got an email from the former First Lady and Secretary of State and Democratic presidential contender.
The subject line cut to the chase: “We’re running out of time, Bill.”
The message itself, on a backdrop of Blue State blue read:

15. Florida Company Buys Residence Inn for $6.5 Million -

An affiliate of Boca Raton, Fla.-based Luxury Resorts & Hotels has paid $6.5 million for the 105-room Residence Inn East Memphis at 6141 Poplar Ave.

16. Williams Joins Memphis Obstetrics as OB/GYN -

Dr. Jason Williams has joined the staff of Memphis Obstetrics & Gynecological Association PC, where he will focus on women’s health care issues, including prevention, diagnosis and management of many general medical conditions. As an OB/GYN, he specializes in general obstetrical care, infertility, pelvic disorders, and prevention and detection of diseases such as breast and cervical cancer.

17. New York Firm Buys Retirement Community -

996 Cherry Road
Memphis, TN 38117
Sale Amount: $12.9 million

Sale Date: July 30, 2014
Buyer: GFTV Audubon Owner LLC
Seller: TV Memphis LP
Loan Amount: $23.5 million
Loan Date: July 30, 2014
Maturity Date: N/A
Lender: Grandbridge Real Estate Capital LLC
Details: An affiliate of New York-based Garrison Investment Group has paid $12.9 million for the 176-unit Town Village Audubon Park retirement community at 950 Cherry Road in East Memphis.

18. New York Firm Buys Retirement Community -

An affiliate of New York-based Garrison Investment Group has paid $12.9 million for the 176-unit Town Village Audubon Park retirement community at 950 Cherry Road in East Memphis.

19. Median CEO Pay Rises to $9.7 Million in 2012 -

CEO pay has been going in one direction for the past three years: up.

The head of a typical large public company made $9.7 million in 2012, a 6.5 percent increase from a year earlier that was aided by a rising stock market, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.

20. Collins is Wharton's Pick for Finance Director -

Memphis Mayor A C Wharton Jr. has picked Brian Collins, the interim president and CEO of the Postal Employees Credit Union, to be the city’s new director of finance and administration.

21. Prosecution Rests in Fed Drug Trial -

The prosecution in the Craig Petties drug organization trial rested in case in chief Thursday, March 8, after four weeks of testimony.

22. Petties Jury Hears of 2007 Arrests of Defendants and Plea Talks -

When they were arrested separately within months of each in 2007, neither Clinton Lewis nor Martin Lewis went quietly.

23. Turbo-Traders Take Bank of America for a Ride -

NEW YORK (AP) – On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange. One in 10 belongs to a single company. It's not McDonald's or IBM, both of which have been on a tear.

24. Citigroup Paying $285M to Settle SEC Fraud Charges -

WASHINGTON (AP) – Citigroup has agreed to pay $285 million to settle civil fraud charges that it misled buyers of complex mortgage investment just as the housing market was starting to collapse.

25. Bank of America Earns $6.2B on Accounting Gains -

NEW YORK (AP) – Bank of America earned $6.2 billion in the third quarter on accounting gains and the sale of a stake in a Chinese bank, which offset lower revenue and income in its credit card, real estate and investment banking businesses.

26. Small Spending Cuts to Have Little Economic Impact -

WASHINGTON (AP) – The first phase of a deal to raise the government's borrowing limit would pose little threat to the economy in the short term because almost none of the spending cuts would occur before 2014.

27. Top Bankers Urge Obama, Congress to Reach Deal -

NEW YORK (AP) — The chief executives of the largest U.S. financial institutions sent a letter to The White House and to members of the Congress, urging them come to an agreement this week to raise the nation's borrowing limit.

28. AP IMPACT: CEO Pay Exceeds Pre-Recession Level -

NEW YORK (AP) – In the boardroom, it's as if the Great Recession never happened. CEOs at the nation's largest companies were paid better last year than they were in 2007, when the economy was booming, the stock market set a record high and unemployment was roughly half what it is today.

29. In Blow for BofA, Fed Rejects its Dividend Plan -

NEW YORK (AP) – It was one more blow for Bank of America: the Federal Reserve didn't allow nation's largest bank to increase its dividends.

The decision by the Fed makes Bank of America Corp. the only one of the four largest U.S. banks that wasn't able to raise its dividend, something shareholders have been clamoring for.

30. BofA Reports Loss of $1.6 Billion in 4Q -

NEW YORK (AP) – Bank of America Corp. reported a loss of $1.6 billion Friday after its costs related to soured home loans increased.

31. Bank of America Posts $7.7B Loss on Special Charge -

NEW YORK (AP) — Bank of America Corp. said Tuesday it lost $7.65 billion during the third quarter due to a charge related to credit and debit card reform legislation passed over the summer.

32. BofA Earns $2.83 Billion in Q1 on Strong Trading -

CHARLOTTE, N.C. (AP) - Bank of America reported Friday its first-quarter earnings rose 0.7 percent to $2.83 billion as strong trading revenue helped the bank offset continuing losses on consumer loans.

33. House Ethics Rules Would Exclude Media Reports -

NASHVILLE, Tenn. (AP) - Members of a legislative panel working to set up new House ethics rules agreed Wednesday that they don't want complaints to be filed based on media reports.

The proposed rules that advanced to a full floor vote would require at least one independent source other than "newspaper or other media" reports.

34. BofA Loses $5.2B in Q4 as it Repays Bailout -

CHARLOTTE, North Carolina (AP) - Bank of America Corp. reported Wednesday it lost $5.2 billion during the final three months of 2009 as consumers struggled to make mortgage and credit card payments and the bank repaid its government bailout money.

35. Bank CEOs: Sorry for Risky Behavior, Bad Decisions -

WASHINGTON (AP) - Wall Street executives said Wednesday they underestimated the severity of the 2008 financial crisis and apologized for risky behavior and poor decisions. They also defended their bonus and compensation practices to a skeptical commission investigating what caused the collapse.

36. GOP Uses ACORN to Fight Bank Redlining Law -

WASHINGTON (AP) - Conservative Republicans are capitalizing on the troubles of community activist group ACORN – ranging from charges of voter registration fraud to embarrassing videos of its employees – to revive their long-standing fight against a federal law that grades banks on their investments in poor and minority neighborhoods.

37. Peabody Sues Sharpton Group for $88K -

The South’s Grand Hotel is trying to collect a grand sum of money it claims is owed by the Rev. Al Sharpton’s nonprofit civil rights group.

The Peabody hotel has filed a lawsuit in Shelby County Circuit Court against Sharpton’s National Action Network seeking payment of almost $70,300, plus more than $17,000 in attorney’s fees and other costs. The lawsuit, which puts the total close to $88,000, was filed Tuesday, according to The Daily News Online, www.memphisdailynews.com.

38. Mixed Signals Abound, But Economy Remains Weak -

WASHINGTON (AP) - A flurry of better-than-expected bank earnings reports this week, coupled with some tentatively encouraging economic data, suggest the economy and the financial system might not be quite as sick as many had believed.

39. Triton Lays Off WorkersIn Miss., Memphis -      ATM-maker Triton Systems has laid off workers at its Long Beach, Miss., headquarters and manufacturing plant and a small office in Memphis, but the company won't reveal how many.
     Human r

40. Burford to Help Develop PR Efforts For Memphis Area Teachers' Credit Union -

Marc Burford has been promoted to business development coordinator at Memphis Area Teachers' Credit Union (MATCU). In his new role, Burford will be responsible for helping develop public relations and for coordinating various public functions that promote MATCU's products and services. He started working at MATCU in 2003 as a sales associate and was promoted to an assistant branch manager in 2004.

41. Ward Named Judge of the Year by Bar Association -

The Criminal Law Section of the Memphis Bar Association recently presented Criminal Court Judge Mark Ward its judge of the year award. Ward presides over Division 9 of Shelby County's 30th Judicial District. Ward was appointed to the bench in 2004. Prior to that, he worked as an assistant public defender and in private practice. Ward's bachelor's degree in law enforcement and his law degree are both from the University of Memphis.

42. Archived Article: Comm Focus - Random acts of kindness

Random acts of kindness spreading over Memphis

By MARY DANDO

The Daily News

French philosopher Jean Jacques Rousseau once wrote What wisdom can you find that is greater than kindness?

During Random Acts of Kind...

43. Archived Article: Benchmark - Amerifed Mortgage Inc Amerifed Mortgage Inc. vs. Chase Securities Inc. and The Platinum Group Inc. d/b/a Professional Contract Services. According to the suit, Amerifed began operating in the spring of 1997 as a mortgage company organized to make in...