Editorial Results (free)
1. Fred’s Reports $51.8M Loss, Cancels Dividend
- Thursday, December 7, 2017
Memphis-based discount retailer Fred’s Inc. accompanied the release of its fiscal third quarter earnings performance Wednesday, Dec. 6 – which included reporting a loss of $51.8 million for the quarter – with separate, related news that shows the company’s turnaround remains a difficult work in progress.
2. Fred’s Reports $29M Loss, Names New Board Chair
- Thursday, September 7, 2017
Heath Freeman, president of New York-based investment firm Alden Global Capital, once blasted what he saw as “abysmal business decision-making” and a “country club environment in the executive suite and boardroom” at Memphis-based discount retailer Fred’s Inc.
3. Massachusetts Hospital Worker Claims Record Lottery Jackpot
- Friday, August 25, 2017
BRAINTREE, Mass. (AP) – A 53-year-old Massachusetts hospital worker stepped forward Thursday to claim the biggest undivided lottery jackpot in U.S. history – a $758.7 million Powerball prize – after breaking the news to her employer the way the rest of us only dream of: "I called and told them I will not be coming back."
4. Activist Investor Gets 2 Fred’s Board Seats
- Thursday, April 27, 2017
The yellow sign near the corner of Summer Avenue and White Station reads: Fred’s Pharmacy. It’s a physical representation of the Memphis-based discount retailer repositioning itself away from its retail legacy and doubling down on its health care-related and pharmacy offerings.
5. Conrad: Mike Williams ‘Should Be Fired’
- Tuesday, November 24, 2015
Incoming Memphis City Council chairman Kemp Conrad thinks the city should consider firing Mike Williams, president of the Memphis Police Association, for helping recruiters from other police forces set up job fairs in Memphis.
6. FedEx Sees Weaker-Than-Expected First Quarter
- Wednesday, September 16, 2015
Affected by higher operating costs in its ground division and weaker demand for freight services, FedEx Corp. had to lower its projected earnings for fiscal 2016.
- Saturday, May 30, 2015
In the beginning, there was Splash – the first legal casino in Tunica County following the Mississippi Legislature’s passage of the 1990 law legalizing “dockside” casinos in the state.
8. McDonald's to Trim Menu, Examine Ingredients
- Thursday, December 11, 2014
NEW YORK (AP) – McDonald's is planning to trim its menu, review its cooking methods and maybe even get rid of some of the ingredients it uses to change perceptions that it serves junk food.
9. Paragon Launches Small-Business Group
- Thursday, October 9, 2014
Memphis-based Paragon Bank is expanding beyond the city, thanks to its launch of a new division focused on small-business lending.
10. Council Bogs Down in Health Insurance Numbers
- Thursday, September 11, 2014
When Memphis City Council members meet Tuesday, Sept. 16, they will still be considering alternatives to the health care insurance plan changes they approved in June.
And they probably still will be trying to make sense of a mind-numbing array of conflicting numbers.
11. Merger Expands CS3’s Customer Base
- Monday, January 20, 2014
Mike Gross, president of long-time contracting company Sibley Solutions LLC, was approaching retirement age and the future of his small business’ loyal employees and customers began to weigh heavily on his mind.
12. Churchill Mortgage Growth Highlights Industry News
- Monday, May 21, 2012
Here’s a roundup of what some of the city’s banks and bankers, investment professionals, accountants and other financial services shops have been up to in recent weeks.
* Brentwood, Tenn.-based Churchill Mortgage, which has a retail office at 5384 Poplar Ave. that opened a little more than two years ago, is celebrating its 20th anniversary this year.
13. FedEx Reports 126 Pct. Earnings Increase
- Friday, March 23, 2012
Memphis-based FedEx Corp. reported net earnings for its third quarter of $521 million or $1.65 a share compared with $231 million in earnings a year ago or 73 cents a share.
14. Heart Same As Head In Picking Games
- Friday, March 16, 2012
One of the beauties of the NCAA Tournament is the more you know, the less you know. Grizzlies coach Lionel Hollins knows more about the game than most of us could forget and he believes Kentucky will win this time.
15. Wal-Mart's Q4 Results Show Rebounding US Business
- Wednesday, February 22, 2012
NEW YORK (AP) – Wal-Mart Stores Inc.'s business offers valuable insight into how Americans are reacting in the slow economic recovery: they will spend, but only if they believe they're getting the lowest prices.
16. Hiring Rose in November, But Job Openings Dipped
- Wednesday, January 11, 2012
WASHINGTON (AP) – U.S. employers stepped up their hiring in November but pulled back slightly on the number of jobs they advertised.
The mostly favorable report shows companies are gaining more confidence in the economy and filling more of their open positions. It follows other encouraging data on hiring that suggest 2012 may be a better year for job growth.
17. FedEx Earnings Up 76 Pct. to $497M
- Friday, December 16, 2011
FedEx Corp.’s earnings rose significantly during the quarter ended Nov. 30, spurred by a jump in e-commerce during the Thanksgiving weekend, the company has announced.
18. FedEx Earnings Up 76 Pct. to $497M
- Thursday, December 15, 2011
FedEx Corp.’s earnings rose significantly during the quarter ended Nov. 30, spurred by a jump in e-commerce during the Thanksgiving weekend, the company announced Thursday, Dec. 15.
The Memphis-based company also announced a delay in the rollout of new domestic jets as it signed an order for other new jets as well as international changes to meet “weakness” in Asia.
19. Smith & Nephew Lays Off 80 in Memphis
- Wednesday, December 14, 2011
Smith & Nephew Inc. on Tuesday, Dec. 13, said the company had cut about 80 jobs at its Memphis-based orthopedics unit, where the London-based medical device manufacturer employs more than 2,000 workers.
20. Smith & Nephew Orthopaedics Underperforms in Q3
- Tuesday, November 8, 2011
While Smith & Nephew PLC reported Friday, Nov. 4, strong third-quarter revenue growth, the London-based medical device maker said its Memphis-based Orthopaedics division underperformed for the period ending Oct. 1, as evidenced by trading margins of 15.6 percent compared with 22.2 percent in Q3 2010.
21. Finance Report: Arkansas' Revenues Above Forecast
- Wednesday, July 6, 2011
LITTLE ROCK, Ark. (AP) – While most states struggled to break even this year, tight-fisted Arkansas had enough in the bank to cover its bills and, as it turns out, end the year with a more than $90 million surplus.
22. Strong Q4 Positions FedEx For Growth
- Thursday, June 23, 2011
FedEx Corp. beat expectations with its fourth quarter and year-end earnings report on Wednesday, June 22, as founder, chairman and CEO Fred Smith struck a decidedly optimistic tone about the economy.
23. Revenue Up, Jobs Down at US Casinos in 2010
- Thursday, May 5, 2011
ATLANTIC CITY, N.J. (AP) – After two bad years in which gamblers either stayed home or held onto their wallets more tightly, the nation's casinos began to slowly rebound last year, with revenue increasing slightly even as the number of jobs declined.
24. Arkansas' Beebe Says Medicaid Changes Needed
- Friday, January 7, 2011
LITTLE ROCK, Ark. (AP) — Gov. Mike Beebe said Thursday that Arkansas needs to look this year at changes to its Medicaid system, including increased tax collections from health care providers, to avoid cuts to essential services provided by the program for the poor, disabled and elderly in 2012.
25. Trade Deficit Narrows to $42.8 Billion in July
- Friday, September 10, 2010
WASHINGTON (AP) – The trade deficit narrowed significantly in July as exports climbed to the highest level in nearly two years, reflecting big gains in sales of U.S.-made airplanes and other manufactured goods while imports declined.
26. Trade Gap Widens as Imports and Exports Rise
- Wednesday, July 14, 2010
WASHINGTON (AP) — The trade deficit rose in May to an 18-month peak as rising imports offset another solid gain in U.S. exports. The surge in imports was a hopeful sign for the economic recovery because it suggested businesses are optimistic that U.S. consumers will spend more in coming months.
27. Fulbright-Dent Joins First Tennessee Team
- Wednesday, June 16, 2010
Moya Fulbright-Dent has been named to the First Tennessee Bank private client team.
Hometown: Hot Springs, Ark.
Education: B.S. in finance, University of Memphis; MBA, Union University
Work Experience: Eight years at American Express Financial Advisors; six and a half years in banking, five at First Tennessee
Family: Husband and college sweetheart, Daniel; and two-year-old son, Colin.
Favorite quote: “Hope is the thing with feathers that perches in the soul – and sings the tunes without the words – and never stops at all.” – Emily Dickinson
Who has had the greatest influence on you? The two people who have influenced me most are my mother and my first boss, Harish Vishria. By example, my mom instilled a work ethic, mental toughness and positive attitude that has gotten me through every experience in my life. (Vishria) taught me the difference between a dream and a goal and gave me the ability to teach others how to achieve their dreams by setting goals.
Why did you pursue a career in financial services? As a child, I saw firsthand the difference asset management can make in not only one person’s life but that of a whole multigenerational family. When I was about 10 years old, two older family members passed away. I learned at that early age how difficult it can be to struggle with the emotional and financial challenges that can come with a loss in a family. I saw then how important it is to be prepared for life’s uncertainties so that one can make the right choices.
What do you consider your greatest professional accomplishments? I consider the everyday difference I am able to make in my clients’ lives my greatest accomplishment.
What do you most enjoy about your work? Each person’s financial situation is different. When I chose to major in business instead of art or literature, I thought I was giving up the chance to use my creativity. I have found that developing a plan for an individual, a family, or a business takes just as much creativity as writing a novel or painting a picture.
28. Wholesale Inventories and Sales Rise in March
- Wednesday, May 12, 2010
WASHINGTON (AP) — Inventories held by wholesalers rose for a third consecutive month in March while sales increased by more than double the expected amount. Rising demand is making businesses more confident about the future, a key development needed to sustain the recovery.
29. Restaurant Industry Expresses Concern Over Health Care
- Monday, April 19, 2010
Few issues have divided Americans as completely as health care reform. Proponents believe that making medical care available to 32 million uninsured people will open a new era of social responsibility and fulfill the government’s covenant with its citizens, a sort of 21st Century New Deal.
30. Wholesale Inventories Fall While Sales Increase
- Thursday, March 11, 2010
WASHINGTON (AP) - Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about restocking their depleted shelves.
31. Ark. Revenues Dip in November, Hurt by Tax Refunds
- Thursday, December 3, 2009
LITTLE ROCK, Ark. (AP) - Arkansas' revenues fell $16.2 million below expectations last month, hurt by one-time corporate and sales tax refunds, state finance officials reported Wednesday.
Despite the drop in money coming in, Arkansas Department of Finance and Administration Director Richard Weiss said he believed the state's economy was stabilizing and didn't expect any further cuts to the budget.
32. Arkansas Launches Lottery Ticket Sales
- Tuesday, September 29, 2009
LITTLE ROCK, Ark. (AP) - Arkansas launched its lottery early Monday, selling scratch-off tickets that officials say will raise millions of dollars for college scholarships.
The ceremonial first ticket was sold at midnight at a Murphy USA gas station in Little Rock. The ticket was sold to Jim Purcell, director of the state Department of Higher Education.
33. Court Rules for TVA in Pickwick Case
- Thursday, February 5, 2009
The Tennessee Valley Authority has won its case in a federal appeals court over allegations it allowed environmental safeguards to be violated at a controversial development on Pickwick Lake, but debate continues about whether the federal agency has been a good steward of the publicly owned land.
34. Retailers Slash Prices, But at What Cost
- Wednesday, September 3, 2008
NEW YORK (AP) - In a bid to pull hesitant shoppers into their stores, retailers are slashing prices on everything from jeans to dinnerware. But those fat discounts will likely come at a big cost for the companies.
35. Health Care Spending Projected to Nearly Double to $4.3 Trillion Annually by 2017
- Wednesday, February 27, 2008
WASHINGTON (AP) - By 2017, total health care spending will double to more than $4 trillion a year, accounting for one of every $5 the nation spends, the federal government projects.
The 6.7 percent annual increase in spending - nearly three times the rate of inflation - will be largely driven by higher prices and an increased demand for care, the Centers for Medicare and Medicaid Services said Monday. Other factors in the mix include a growing and aging population. The first wave of baby boomers become eligible for Medicare beginning in 2011.
36. Wheelin' & Dealin'
- Wednesday, December 20, 2006
A Memphis-based tire/wheel store and wholesale distributor that saw gross revenues of about $4.5 million in 2005 is looking to share the wealth with potential investors.
Wheel Workz principals Tommy Crenshaw and Dale Ingram recently marked a milestone: selling their first franchise. Plans also are in the works to open at least 10 stores in the United States in 2007.
37. Startup Triumph Bank Works To Fill Desired Market Niches
- Friday, December 1, 2006
If Memphis is a pond, and mega-banks such as SunTrust Banks, Wachovia Corp. and Regions Financial Corp. are whales, then local startup Triumph Bank is a goldfish.
Sometimes, a little fish can make its gargantuan counterparts look like fish out of water.
38. Archived Article: Memos
- Wednesday, January 29, 2003
Oscar L. Thomas Jr.,
Oscar L. Thomas Jr., a corporate and securities attorney, was appointed a member of Bass, Berry & Sims Memphis office. A Wynne, Ark., native, Thomas earned a bachelors and law degrees from the University of Mississippi. R...
39. Archived Article: Markvii
- Tuesday, June 9, 1998
Mark VII expands into international markets Mark VII expands into international markets By KATHLEEN BURT The Daily News A Memphis firm is going global. Mark VII Worldwide Logistics, a subsidiary of Mark VII, is expanding into Europe, Asia and South ...
40. Archived Article: Comm Focus
- Friday, September 19, 1997
By SUZANNE THOMPSON An eye for a bargain Local company saves businesses bucks by analyzing and altering office expenses By SUZANNE THOMPSON The Daily News There is more flowing over fiber optic telecommunication lines than just conversation. Cash al...