Editorial Results (free)
1. Last Word: Fred's Post Mortem, Karen Camper on Guns and Pentatonix at Calvary
- Thursday, December 22, 2016
Who knew Fred’s could become probably the most complex local business story of the year? More post mortem on the $950 million deal announced this week in which the Memphis-based corporation bought 865 Rite Aid stores from Walgreens and Rite-Aid, who are working toward an acquisition and merger deal of their own.
2. Tigers to Start and End AAC Play With SMU
- Monday, September 12, 2016
The University of Memphis will open its 2016-17 American Athletic Conference schedule on Tuesday, Dec. 27, when SMU comes to FedExForum and will finish the season on Saturday, March 4, at SMU.
The 18-game conference slate includes nine games against opponents that had RPIs of 100 or better last season. Memphis, which went 19-15, returns American Conference Rookie of the Year Dedric Lawson, who averaged 15.8 points and 9.3 rebounds per game. Lawson’s 55 blocks ranked third in the league.
3. Strickland Unveils Greensward Solution, Zoo Not Happy
- Friday, July 01, 2016
Memphis Mayor Jim Strickland has put forth his plan to end parking on the Overton Park Greensward.
4. Strickland’s Leadership Style Emerging
- Thursday, June 09, 2016
Five months into his four-year term as Memphis mayor, Jim Strickland has his first budget and all but one of his major appointments made – Memphis Police director. The budget cleared the Memphis City Council Tuesday, June 7, with a few minor amendments from council members, next to no debate and no dissenting council votes.
5. Shameful Performance
- Friday, March 04, 2016
SHAME ON US. This week, the Memphis City Council ran over a whole room of citizens and a whole city and parked right on top of something they care about.
Every council member should be ashamed.
6. Duke Takes Reins at Friends for Life
- Wednesday, February 24, 2016
Longtime nonprofit administrator Diane Duke recently took the helm of Friends for Life as its new executive director. In her new role, the Los Angeles native leads and oversees an organization that’s helping those affected by HIV/AIDS through the provision of education, housing, food, transportation and healthy life skills training.
7. Making the Needle Move: Corporate Men Behind the Birth of the UNCF Telethon
- Tuesday, February 23, 2016
Editor’s note: Part two of a two-part series. What contributed to the success of the history-making UNCF Lou Rawls telethon? Leadership, collaboration, teamwork and a respect for the individual goals of participating partners.
8. Last Word: Kroger Disses Clarence Saunders, Mud Island Plans and The Australians
- Tuesday, January 26, 2016
What is old has become new again. And judging by your reaction to Andy Meek’s story on the Kroger plans for online ordering of groceries, what is old has gone viral as well.
Here are the basics:
You order from a list of items and Kroger fills the order and has it waiting for you to pick up.
When you think about the idea of supermarkets, which originated here in Memphis with Piggly Wiggly, it’s enough to make the Piggly Wiggly founder himself, Clarence Saunders, spin in his grave.
Before he came up with the idea of taking store shelves from behind the counter and putting them out there for you to get your own stuff from them, you would tell your grocer what you wanted and he would write it down on a paper bag and get it for you, wrap it up and present it to you.
Saunders changed all of that as you know if you’ve seen the Pink Palace’s child-sized replica of a Piggly Wiggly store from the start of the 20th century.
A century later, no paper bags and you can still walk among the shelves if you wish.
Perhaps this isn’t that extreme. Maybe this is simply a swing of the pendulum, back toward the middle ground.
Saunders tried to push it even further with his Keedoozle stores that followed Piggly Wiggly. In those stores, the items were lined up in what amounted to vending machines with shoppers releasing an item from the vertical row with a key.
Here Saunders went too far. He mashed the bread.
9. Last Word: The Crest, OPEB Fever, Armstrong Leaves and An Elvis Warning
- Friday, January 08, 2016
The crest is here and it is not quite 40 feet on the Mississippi River gauge. The projections Thursday evening going into Friday’s crest of the river at Memphis changed a bit from the 40.3 foot level. The crest is 39.8 feet.
No reports of major damage anywhere in Shelby County, according to the Shelby County Office of Prepardness.
But the river’s high water is still a sight to behold.
10. A List of Mayor-Elect Jim Strickland’s Appointments So Far
- Monday, December 14, 2015
Memphis Mayor elect Jim Strickland still has some appointments to make, but he is methodically filling key positions in his administration ahead of taking office Jan. 1.
11. Five City Council Races Destined for Runoffs
- Friday, October 09, 2015
The identity of the Memphis City Council that will take office in January with six new members was still in flux at the end of a very long and frustrating Oct. 8 election night.
The races for four of those six open seats and the seat now held by an appointee to the council are going to a Nov. 19 runoff election – one week before Thanksgiving.
12. Memphis Mayoral Field Set at 10
- Friday, July 24, 2015
Shelby County Election Commissioners have certified the Memphis election ballot for Oct. 8.
These are the names to appear on that ballot for the 15 elected offices.
The commission met hours after the noon Thursday, July 23, deadline for candidates to withdraw from the ballot if they wished.
13. Browne Named RISE Foundation Board Chair
- Wednesday, June 10, 2015
Terri Browne, chief people officer for Sedgwick Claims Management Services Inc., has been named board chair of the nonprofit RISE Foundation, which seeks to improve the lives of low-income working Memphians through financial literacy.
14. Dr. Neil Bomar Joins Support Solutions
- Wednesday, April 22, 2015
Dr. Neil Bomar has joined Support Solutions as its first staff psychiatrist, a role in which he will help individuals with intellectual disabilities and those with a history of long-term mental illness who are currently supported by the organization. Bomar’s addition makes Support Solutions one of the only industry providers in the Mid-South to provide this level of support.
15. Ford Jr. to Headline Dunavant Award Event
- Friday, January 23, 2015
Former U.S. Rep. Harold Ford Jr. will be the keynote speaker for the March 25 Dunavant Public Servants Awards luncheon hosted by the Rotary Club of Memphis East.
The awards, now in their 12th year, honor one elected official and one non-elected public official within Shelby County who demonstrate the qualities and characteristics of longtime Probate Court Clerk Bobby Dunavant.
16. Vols Unlikely to Repeat November 2013 Collapse
- Saturday, November 15, 2014
KNOXVILLE – University of Tennessee football coach Butch Jones doesn’t have to remind his team about the disappointing fade last November.
UT went 0-3 to start what has historically been its best month of football. First, the Vols lost to Missouri and Auburn. Then a 14-10 loss to Vanderbilt in Neyland Stadium knocked the Vols out of bowl eligibility.
17. Vols Hope to Snap 20-Game Road Slump vs. Ranked Opponents
- Saturday, September 27, 2014
KNOXVILLE – It doesn’t get much easier for the University of Tennessee’s football team.
The Sept. 20 open date has come and gone. UT’s coaches and players had ample time to digest and dissect details of the 34-10 loss to No. 4-ranked Oklahoma on Sept. 13 and a week to prepare for a challenge just as formidable.
18. Hot Yoga Plus Expands in Memphis
- Friday, August 29, 2014
Hot Yoga Plus, a Nashville-based yoga concept, is opening a second Memphis area location.
Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.
19. Hot Yoga Plus Expands in Memphis
- Friday, August 29, 2014
Hot Yoga Plus, a Nashville-based Yoga concept, is opening a second Memphis area location.
Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.
20. Wells Joins Evans Petree as Associate
- Wednesday, February 26, 2014
Julie Wells has joined Evans Petree PC as an associate in the East Memphis office, focusing her practice in health care law and general business matters. She previously worked at Baptist Medical Group, where she played an integral role in physician practice acquisitions and contractual-related matters.
21. Espitia Joins Michael Hatcher as Chief Financial Officer
- Wednesday, January 22, 2014
Ed Espitia has joined Michael Hatcher & Associates Inc. as chief financial officer. Espitia comes to the Memphis-based landscape services firm after serving since 2010 as finance manager for Schulz Xtruded Products, a Germany-based pipe maker with operations in North Mississippi.
22. Boyle Sells More Lots at Spring Creek Ranch
- Friday, August 09, 2013
After an initial offering went so well earlier this year, a group of area homebuilders has acquired 17 more lots at The Village at Spring Creek Ranch from Boyle Investment Co.
23. FedEx Shares Fall on Worries About Eroding Profits
- Friday, June 21, 2013
NEW YORK (AP) — FedEx Corp. shares tumbled Thursday on worries about eroding profits at its core FedEx Express division.
- Saturday, February 16, 2013
It was almost 40 years ago, but Nancy Smith remembers the one year the men’s pro tennis tournament was held at the Mid-South Coliseum; her father had box seats. But even more memorable is that not long after the tournament moved to The Racquet Club of Memphis, a young and unknown Czech player came to town and, in that far simpler time, stayed at her parents’ house.
25. Citigroup to Cut 11,000 Jobs
- Thursday, December 06, 2012
NEW YORK (AP) – Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat.
The cuts amount to about 4 percent of Citi's workforce. The bulk of them, about 6,200 jobs, will come from Citi's consumer banking unit, which handles everyday functions like branches and checking accounts.
26. Mortgage Comeback? Citigroup Isn't So Sure
- Tuesday, October 16, 2012
NEW YORK (AP) – Citigroup isn't as enthusiastic as its peers about a comeback in the housing market.
On Friday, executives at Wells Fargo and JPMorgan Chase declared that the long-struggling market had turned a corner. On Monday, Citigroup's top number-cruncher said he wasn't so sure.
27. Morgan Stanley to Buy Citi's Smith Barney Stake
- Wednesday, September 12, 2012
NEW YORK (AP) – Morgan Stanley and Citigroup have settled a dispute Tuesday over the value of the brokerage firm Morgan Stanley Smith Barney, which they jointly own.
28. Morgan Stanley Closes a Bleak Bank Earnings Season
- Friday, July 20, 2012
NEW YORK (AP) — It's tough being a big bank these days.
Morgan Stanley, the storied investment house, reported Thursday that its revenue was down sharply for April through June and its profit missed Wall Street expectations. Its stock was clobbered — down more than 5 percent.
29. Raymond James/Morgan Keegan Gives Awards
- Monday, May 14, 2012
Vickie Brees, Libby Darnall, Jennifer Riley and Kendall Smith, Memphis-based employees of Raymond James/Morgan Keegan, have received the Morgan Keegan Circle of Excellence Employee Awards.
30. Goldman Manifesto Echoes Past Questions About Bank
- Monday, March 19, 2012
The young banker whose dramatic public resignation stung Goldman Sachs this week joins officials from every corner of the government in questioning whether the august investment house deals honestly with all its clients.
31. Turning Point
- Monday, February 13, 2012
In World War II, it was the beaches of Normandy. During the Great Recession, it was the collapse of Lehman Brothers. In Shakespeare's “Hamlet,” it's the reaction of Claudius when he storms out of the play that Hamlet staged in an attempt to guess whether his uncle killed his father.
32. Morgan Keegan Focus List Wins High 5-Year Marks
- Thursday, February 09, 2012
The focus list of stocks assembled by Morgan Keegan & Co. Inc. ranked second in five-year returns among the stock lists of nine leading national and regional brokerage firms for the five years ended Dec. 31, according to Zacks Investment Research Inc.
33. That's a Wrap
- Monday, January 02, 2012
If the grand sweep of 2011 could be captured on celluloid and presented to an audience on the big screen, all the components of a great film would be readily apparent.
There was drama, in the form of a deluge and historic flooding that led the Mississippi River to crest at nearly 48 feet early in the year. One of the year’s big surprises saw President Barack Obama give the commencement address for the Booker T. Washington High School class of 2011 at the Memphis Cook Convention Center.
34. City Closes Books on Dynamic Year
- Thursday, December 29, 2011
If there’s one thing 2011 proved about the legal profession in Memphis, it’s how intrinsic it is to the daily ebb and flow of life in the city and how deeply enmeshed it is in the big news stories of the day, from politics to business.
35. Cos., Churches Deliver Christmas Cheer to Perea
- Friday, December 16, 2011
Perched on a stool and wearing a blue-and-gray Memphis Tigers Santa hat, one-man-band Jeff Hulett led a group of preschoolers in singing “Feliz Navidad” Wednesday, Dec. 14, at Perea Preschool, located inside Klondike Elementary School in North Memphis.
36. Memphis Health Group Holds Tenn. Health Reform Seminar
- Wednesday, November 02, 2011
Memphis Business Group on Health (MBGH) will present “Health Reform in Tennessee,” for employers to learn about the state of Tennessee’s plan for the state health insurance exchange and how it will impact businesses large and small.
37. Morgan Stanley Outdoes Rivals; Earns $2.2B
- Thursday, October 20, 2011
NEW YORK (AP) – Morgan Stanley emerged from the tumultuous third quarter in better shape than most of its Wall Street rivals.
38. Recession Proves Tough for Medical Device Cos.
- Thursday, September 29, 2011
When the Great Recession began in 2008, the health care industry was one of the few said to be recession-proof, but 2011 has proved otherwise, at least for medical device makers.
The prolonged recession, a decrease in procedure volumes and delayed reimbursement are several factors that have led to corporate restructuring – including layoffs – in the medical device industry this year.
39. Morgan Keegan Sees Recent Exit of Advisers
- Thursday, September 22, 2011
Morgan Keegan & Co. Inc. has lost some advisers over the last several days, some of them taking a big volume of business with them while the investment banking firm continues to try and resolve the future of its ownership.
40. Morgan Keegan Advisers Leave Firm
- Wednesday, September 21, 2011
In recent days, teams of Morgan Keegan & Co. Inc. advisers either are talking about leaving or have already begun departing the Memphis-based investment firm, for which sale talks continue to drag on.
41. Mem Biz Group on Health Preps for Annual Conference
- Wednesday, September 07, 2011
Memphis Business Group on Health (MBGH) is gearing up for its third annual conference, titled “Got the Healthcare Reform Blues?,” which will take place Thursday Sept. 8, 2011, from 7:30 a.m. to 3:30 p.m. at the Holiday Inn University of Memphis, 3700 Central Ave.
42. Partnership Advocates Social Media to Firms
- Monday, June 20, 2011
Now that Morgan Stanley has allowed itself to be the first major wealth manager to use social media for marketing purposes, Memphis marketing professional Amy Howell is encouraging other financial services companies to follow Morgan Stanley’s lead.
43. Morgan Keegan Hires Clark to Lead Ohio Expansion
- Thursday, February 24, 2011
Rusty Clark, formerly with Morgan Stanley Smith Barney, has joined Morgan Keegan & Co. Inc. and will oversee the firm’s private client group expansion in Ohio.
44. Dollar Signs
- Monday, February 21, 2011
From wealth management to accounting to investment firms, plenty of financial services companies in Memphis are enjoying a robust level of growth that might seem surprising to an outsider.
Yet it’s clear the economic recovery is well under way, and companies with strong fundamentals are reaping rewards.
45. Memphis Aces
- Monday, February 14, 2011
The Racquet Club of Memphis is in full swing this week as it hosts the 2011 Regions Morgan Keegan Championships & Cellular South Cup through Feb. 20.
Big improvements to The Racquet Club, like new video boards for the fans and new locker rooms for players and trainers, are helping to elevate the tournament experience for everyone.
46. Staging Dreams
- Tuesday, January 25, 2011
With a plethora of homes on the market – many of them languishing there for months – home staging is one of those rare subsets of the housing industry that’s benefited from the economy’s downturn.
Home stagers specialize in arranging furniture, decluttering and accessorizing a house to make it as appealing as possible to prospective buyers. On a street with multiple “For Sale” signs in the yards, staging a house can make it stand out from the crowd, potentially shaving months off its selling time and saving the seller thousands of dollars.
47. Morgan Keegan Plots 2011 Growth
- Monday, January 17, 2011
Morgan Keegan & Co. Inc. has kicked off 2011 with plans to open several new offices in the Northeast and by adding new executives to the firm’s public finance and investment banking teams.
48. Morgan Keegan Adds Staff, Plans Expansion
- Friday, January 14, 2011
Morgan Keegan & Co. has announced new hires in several areas of the Memphis-based investment banking firm.
49. CNBC Goes Local With FedEx Broadcast
- Tuesday, December 21, 2010
It was a Memphis morning on CNBC’s “Squawk Box” program Monday, with FedEx founder Fred Smith guest hosting the show’s broadcast from Hangar 26 at FedEx’s SuperHub at Memphis International Airport.
50. G’town Confronts Transportation ‘Paradigm Shift’
- Wednesday, November 17, 2010
In response to a growing emphasis on bicycles, Germantown planners are working on new connections to the city’s existing bike lanes and trails.
The goal is more links to city parks, schools and the emerging system of trails and bike lanes in Memphis and Collierville.
51. Memphis Area Teachers’ Credit Union Appoints Weickenand CEO
- Wednesday, September 15, 2010
Daniel Weickenand has been appointed chief executive officer of Memphis Area Teachers’ Credit Union. Weickenand’s appointment follows a year-long, nationwide executive search.
Hometown: Houston, Texas
Education: BBA in Accounting and an MBA at the University of Texas San Antonio
Work Experience: CEO of MATCU; chief financial officer, FedEx Credit Association; chief financial officer, HEB FCU; Public Accounting
Family: Wife, Diane; Children, Leah, 18, Michael ,16, and Cole 13
Favorite quote: “We will either find a way or make one.” – Hannibal
Last book read: “The Mother Tongue – English and How It Got That Way” by Bill Bryson
Favorite music: Americana
Favorite movie: “The Godfather”
Sports team: Houston Astros
Activities you enjoy outside of work: Playing guitar, reading, live music and spending time with my family
What talent do you wish you had? I would like to play guitar as well as Joe Restivo.
Who has had the greatest influence on you? The greatest influence comes from the members who have entrusted their financial resources with the institutions where I have worked.
What attracted you to Memphis Area Teachers’ Credit Union? The appeal is the opportunity to do great things for the entire community by providing low-cost financial products and services.
What do you consider your greatest professional accomplishments? Turning around troubled institutions and making them successful
What do you most enjoy about your work? I really get pleasure from working to improve the financial lives of everyday individuals.
52. Ingram Micro Donates $15K to Red Cross for Flood Relief
- Monday, August 16, 2010
The Mid-South Chapter of the American Red Cross has received a $15,000 donation from Ingram Micro to support flood relief efforts in Millington.
Santa Ana, Calif.-based Ingram Micro, a technology distributor and technology sales, marketing and logistics company for the IT industry, has an office in Millington. The company collected funds through various events hosted in their offices.
53. Bankers Await Post-Overhaul Futures
- Friday, July 23, 2010
That’s what bank heads and financial analysts are asking themselves in the wake of President Barack Obama’s signing Wednesday of a historic reshaping of the government’s financial industry rulebook.
54. Memphis Daily News Scores TAPME Awards
- Monday, May 10, 2010
The Daily News Online was named the best website among Division 4 newspapers in the annual TAPME (Tennessee Associated Press Managing Editors) awards Saturday evening in Nashville.
And Daily News Senior Reporter Andy Meek won the Malcolm Law Investigative Reporting Award for his coverage of Consulting Services Group (CSG), a consultant to Shelby County government on its pension fund investments.
55. Less is More
- Friday, May 07, 2010
The new David Perry Smith Gallery, a contemporary, destination gallery for collectors looking to buy pieces by local artists, is scheduled to open Friday just off Central Avenue near Midtown’s Cooper-Young neighborhood.
56. Morgan Stanley's Profit of $1.41B Tops Forecasts
- Thursday, April 22, 2010
NEW YORK (AP) - Morgan Stanley reported Wednesday its first-quarter profit surged to $1.41 billion on strong results from its trading operations. The investment bank easily topped analysts' expectations.
57. Poor January Home Starts Blamed on Inclement Weather
- Tuesday, February 16, 2010
January’s foul weather wreaked havoc on homebuilders, as the barrage of snow, ice and cold temperatures severely limited the ability to start homes.
Shelby County builders filed just 36 new home permits last month, half of December’s 72, but a slight increase from the January 2009 total of 31, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
58. Rural Officials Get Help with Economic Development
- Friday, January 29, 2010
NASHVILLE, Tenn. (AP) - Elected officials in 28 rural Tennessee counties are eligible to apply for scholarships to educate them about economic development.
They will be able to study under a $30,000 grant to the University of Tennessee Institute for Public Service.
59. String of Investment Bubbles Marked 2000-09
- Monday, January 04, 2010
NEW YORK (AP) - A string of exploding investment bubbles that started with the dot-coms and ended with mortgages and oil dominated the years from 2000 to 2009. And it looks like the next decade will be no different.
60. Sixteen Tenn. Counties Get Federal Assistance for Flooding
- Monday, December 14, 2009
NASHVILLE, Tenn. (AP) - Sixteen counties in Tennessee are now eligible for federal farm assistance due to excessive rain and flooding that occurred in September and October.
Gov. Phil Bredesen asked the U.S. Department of Agriculture in November to provide assistance such as emergency loans and supplemental farm payments.
61. Morgan Stanley Names New CFO, Other Top Managers
- Wednesday, December 09, 2009
NEW YORK (AP) - Morgan Stanley elevated its chief financial officer to a new role as co-chief of investment banking and global securities trading Tuesday as part of a management shake-up ahead of James Gorman's assumption of the CEO role on Jan. 1.
62. Kuhn Proposal Lifts Commission Mood
- Wednesday, December 09, 2009
Shelby County Commissioners needed some levity this week as the year neared its end and the 2010 election season waited in the wings.
The body slogged through a battle for the chairmanship in September, 26 rounds of voting for an interim county mayor in November and more bad blood this week, including dueling motions to honor a former commissioner and a proposal to run a bus shuttle for county employees that workers on foot could beat.
So when Commissioner Matt Kuhn got down on one knee in the chamber and proposed to the deputy director of the county Department of Community Services, Heidi Verbeek, commissioners were happy to find unanimity in wishing the couple well.
Then they got back to business.
63. Rural Areas Targets of Seat Belt Crackdown
- Monday, November 23, 2009
NASHVILLE, Tenn. (AP) - Law enforcement officers in Tennessee are targeting rural areas for motorists and passengers not wearing seat belts.
Of the 776 people killed in Tennessee car crashes in 2008, 62 percent were in rural areas. More than half of all traffic fatalities were people not wearing seat belts.
64. Former RMK Investor Awarded $700K
- Thursday, November 19, 2009
The former president of Yellow Cab Co. in Memphis has won almost $700,000 in damages in an arbitration claim against local brokerage firm Morgan Keegan & Co. Inc.
65. Conwood Closes On Facility for $19.3 Million
- Wednesday, November 11, 2009
Conwood Co. LLC on Nov. 5 formally acquired the 787,500-square-foot facility at 5106 Tradeport Drive in Hickory Hill South for $19.3 million. Conwood earlier this year announced plans to buy the building, where it will expand its manufacturing operation of the smokeless tobacco products Kodiak and Grizzly.
66. Buffett’s Berkshire Buying Burlington Northern
- Wednesday, November 04, 2009
NEW YORK (AP) – Warren Buffett’s Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp., making a $34 billion bet on the future of the U.S. economy.
- Monday, November 02, 2009
InMotion Orthopaedic Research Center and the Memphis Bioworks Business Association will present the Memphis Orthopaedic Research Lecture Series today from 5 p.m. to 6 p.m. at Memphis University School, 6191 Park Ave. The speakers will be Dr. Weikuan Gu, associate professor in the Department of Orthopaedic Surgery at the University of Tennessee Health Science Center, and Marcus Scott, director of research, implant fixation and augments at Smith & Nephew Inc. For reservations, call 866-1452.
68. Latest RMK Award Goes to Ex- MLGW Head
- Tuesday, October 27, 2009
A former president of Memphis Light, Gas and Water Division is among the latest in a string of investors Morgan Keegan & Co. Inc. has been ordered to pay arbitration awards.
69. Morgan Stanley Posts First Profit of Year
- Thursday, October 22, 2009
NEW YORK (AP) - Morgan Stanley returned to profitability for the first time in a year as income from its investment banking operations offset losses in commercial real estate.
70. Morgan Stanley CEO to Inherit Bank in Transition
- Monday, September 14, 2009
NEW YORK (AP) - Morgan Stanley's incoming CEO will be facing a drastically different landscape on Wall Street from when John Mack took over in 2005.
71. 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.
72. Some Bailout Firms Up Lobbying Spending in Q2
- Wednesday, July 22, 2009
WASHINGTON (AP) - As Congress spent much of the last three months looking at ways to tighten regulations on financial institutions, some of the biggest recipients of the government's $700 billion bailout increased their spending on influencing legislators.
73. Citigroup Profit Soars on Smith Barney Sale
- Monday, July 20, 2009
NEW YORK (AP) - Citigroup Inc. surprised Wall Street Friday, reporting a $3 billion second-quarter profit instead of the big loss analysts expected.
74. The Daily News Picks Up Six Statewide Awards
- Tuesday, June 23, 2009
The Daily News has won six awards from the University of Tennessee-Tennessee Press Association. The awards ceremony was held Friday in Chattanooga.
The honors include two first place awards among Group 2 newspapers in Tennessee, or papers with combined weekly circulations of 5,001-15,000 readers.
75. The Daily News, The Memphis News Win Regional Journalism Awards
- Wednesday, June 17, 2009
The Daily News and The Memphis News were among the winners in the 59th annual Green Eyeshade Awards, placing in seven categories including a first place award for law and courts reporting.
The awards, judged by regional directors of the Society of Professional Journalists, drew more than 500 entries from media outlets in 11 Southern states.
76. AIG Says Emergency Aid Used to Pay Other Banks
- Tuesday, March 17, 2009
NEW YORK (AP) - American International Group Inc. used more than $90 billion in federal aid to pay out foreign and domestic banks, some of whom had received their own multibillion-dollar U.S. government bailouts.
77. Pandit: Citi Operating at Profit Through February
- Wednesday, March 11, 2009
NEW YORK (AP) - Citigroup Inc. has been operating at a profit through the first two months of the year, according to a letter that the embattled bank's chief executive sent to employees.
78. Citigroup to Lower Some Mortgage Payments
- Wednesday, March 04, 2009
NEW YORK (AP) - Citigroup Inc. said Tuesday that it will lower mortgage payments for some homeowners to an average of $500 a month for three months as part of a new program to help the unemployed.
79. 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.
80. JPMorgan Posts Profit, But 'Disappointing' One
- Friday, January 16, 2009
NEW YORK (AP) - JPMorgan Chase eked out a fourth-quarter profit, but its results were anything but calming to investors worried about the mountain of upcoming losses in the troubled banking sector.
81. Death Knell for Citigroup's 'Supermarket' Model
- Thursday, January 15, 2009
NEW YORK (AP) - The original financial supermarket is dead.
Citigroup signaled the end of a decade-long experiment to create one-stop shopping for financial services – everything from consumer loans to investment banking – with Tuesday's announcement that it was putting its Smith Barney brokerage into a joint venture with Morgan Stanley.
82. Citigroup, Morgan Stanley Merge Brokerages
- Wednesday, January 14, 2009
NEW YORK (AP) - Citigroup Inc. and Morgan Stanley agreed Tuesday to combine their brokerages in a deal that shows how much Citigroup wants to slim down and build up cash.
83. Citi Shares Fall Despite Talks with Morgan Stanley
- Tuesday, January 13, 2009
NEW YORK (AP) - Citigroup Inc.'s stock sank Monday to its lowest levels since November as investors wondered how much more cash the troubled bank will need.
84. FedEx in Good Shape Despite Cost-Cutting
- Friday, December 19, 2008
The economy dealt a devastating blow to Memphis’ largest employer Thursday as FedEx announced $1 billion in cost reductions – including pay cuts for its top executives – during this fiscal year to cope with plummeting global freight volumes.
85. Merrill, BofA Shareholders Approve Combination
- Monday, December 08, 2008
CHARLOTTE, N.C. (AP) - Shareholders of Merrill Lynch & Co. and Bank of America Corp. on Friday approved the investment bank's sale to Bank of America, in a move that will create the nation's largest financial-services firm.
86. Renasant Names Wiegert VP, Mortgage Production Manager
- Wednesday, November 12, 2008
Michael Wiegert has been named vice president and mortgage production manager for Renasant Bank in Memphis.
87. Credit Crisis Pain Felt in Memphis
- Wednesday, September 24, 2008
During the question-and-answer part of FedEx Corp.’s earnings conference call Thursday, the first question came from Morgan Keegan & Co. analyst Art Hatfield, and he quickly got to the point.
“Is there anything outside of FedEx that you’re optimistic about?” Hatfield asked Frederick Smith, chairman, president and CEO of the Memphis-based transportation services company.
88. Shares of Morgan Stanley and Goldman Sachs Plunge
- Thursday, September 18, 2008
NEW YORK (AP) - Shares of Goldman Sachs and Morgan Stanley plunged on Wednesday, a sign that investors fear they can't survive in their present form as the last two major independent investment banks.
89. Citigroup Returning Billions to Investors
- Monday, August 11, 2008
WASHINGTON (AP) - Citigroup Inc. will buy back more than $7 billion in auction-rate securities and pay $100 million in fines as part of settlements with federal and state regulators, who said the bank marketed the investments as safe despite liquidity risks.
90. Edwards, Others to Be Honored at Peabody Tonight
- Friday, February 29, 2008
At age 25, just two years after she graduated from the University of Memphis with a bachelor's degree in journalism, Johanna Edwards signed a six-figure book deal with New York-based Berkley Books, a division of the Penguin Group.
91. Amid Economic Turmoil, Fed Chief Consulted With Major Players in Financial World
- Monday, February 18, 2008
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke consulted with predecessor Alan Greenspan, major financial players and even a speech consultant as he grappled with growing economic turmoil.
92. RMK Funds At Center Of Regions Troubles
- Monday, January 28, 2008
They were supposed to be a good place to park cash. The mutual funds were so stable and generated such profitable returns, in fact, that one broker who steered investors to them reportedly described one of the funds to a client as a "widows and orphans fund."
93. Archived Article
- Tuesday, December 18, 2007
8580 Tournament Drive
Memphis, TN 38125
Sale Amount: $3 million
Sale Date: Nov. 30, 2007
Buyer: Heico Holding Inc.
94. Citigroup Suffers 57 Percent Profit Drop in Third Quarter
- Tuesday, October 16, 2007
NEW YORK (AP) - Citigroup Inc. said Monday its third-quarter profit dropped 57 percent after the biggest U.S. bank took a hit of more than $3 billion in mortgage-backed security losses, leveraged debt write-downs, and fixed-income trading losses.
95. Eoff Joins University of Memphis in Communications Role
- Wednesday, June 13, 2007
Robert H. Eoff has been chosen to fill the newly created office of vice president of communications, public relations and marketing at the University of Memphis. Previously, Eoff worked for The New York Times Co. as president of the New York Times Broadcast Media Group since 2004. He has been with The New York Times Co. since 1969, when he began working for WREG Channel 3 in Memphis, which was a part of the Broadcast Media Group.
96. Morgan Keegan's SmithNamed Banker of the Year
- Wednesday, May 23, 2007
Morgan Keegan & Co. Inc. investment banker Neal Smith was named Banker of the Year at Atlanta-based Southern Co.'s annual bankers' meeting last week in Birmingham, Ala.
Smith works in Mo
97. Let the Sun Shine In
- Friday, March 16, 2007
From a distance, the United States of America still is known as a land of plenty whose stars and stripes are the stuff of sweeping anthems.
To many, it's still considered a place of almost limitless bounty where anyone may succeed with enough hard work and determination.
98. Smith & Nephew, BiometMum on Possible Acquisition
- Monday, November 06, 2006
London-based Smith & Nephew PLC confirmed Thursday the company has been involved in preliminary acquisition talks with Indiana-based Biomet Inc.
Reportedly, Biomet earlier this year hire
99. AutoZone PresidentTo Be Honored by U of M
- Friday, October 27, 2006
William C. Rhodes III, president and chief executive office of AutoZone Inc., has been chosen to receive the University of Memphis' Outstanding Alumnus Award by the Fogelman College of Business and Economics.
100. Florida, New York Transplant Thrives With Downtown Dry Cleaning Business
- Wednesday, August 16, 2006
Five years ago, Deborah J. Smith stood in line at a dry cleaner in her then-hometown of Sanford, Fla., and watched the steady cash flow from customer to cashier.
She quickly grew envious at the sight of all that green.