The Charlotte Hornets have acquired veteran swingman Courtney Lee from the Memphis Grizzlies in a three-team trade that will help bolster the team's perimeter shooting and defense after losing Michael Kidd-Gilchrist to a shoulder injury.
39. Last Word: Love and Glory and Guitars, New Frost and Scalia's Passing - Monday, February 15, 2016
To each his or her own on Valentine’s Day observances Sunday that become Valentine’s Day memories with the arrival of Monday.
The Majestic Grille, for instance, had the movies Roman Holiday and Casablanca back to back on the screen of the movie theater turned restaurant.40. US Retail Sales Rise as Consumers Shrug Off Stock Price Drop - Monday, February 15, 2016
No sound, but you really don’t need sound for the scene where Audrey Hepburn takes the throne with Gregory Peck and a beatnik Eddie Albert among the press corps at the rope line.
And The Majestic saved The Second Line in Overton Square with a loaner of some champagne after Second Line ran a bit short.
Chef Kelly English thanked the Majestic via Twitter for “saving our sweet Valentine’s Day asses.”
WASHINGTON (AP) — U.S. retail sales rose modestly in January, evidence that Americans kept shopping despite sharp drops in stock prices.
The Commerce Department said Friday that retail sales increased a seasonally adjusted 0.2 percent last month, the same as in December. Excluding the effect of falling gas prices, sales rose 0.4 percent.41. What a Recession Does to Your Money - Friday, February 12, 2016
NEW YORK (AP) — If we are indeed in the midst of a recession — and we won't know we're in one until well after it's begun — stocks likely still have a long way to go down.
The Standard & Poor's 500 index has dropped 14 percent since peaking last summer, and it joined markets around the world in another steep slide on Thursday. Worries are high that the sharp slowdown in China's growth, falling U.S. corporate profits and other downward pressures will pull the economy back into a recession.42. Strickland Wants Contract, Pay Boost for Memphis' Next Police Director - Friday, February 12, 2016
Memphis Mayor Jim Strickland wants to offer the next Memphis Police Department director a multi-year contract for more than the $150,000 the city is currently paying interim police director Michael Rallings.43. Twitter Tweaks its Timeline in Pursuit of More Users - Thursday, February 11, 2016
SAN FRANCISCO (AP) — Twitter is tweaking the way that tweets appear in its users' timelines in its latest attempt to broaden the appeal of its messaging service.
The change announced Wednesday moves Twitter closer to a formula that Facebook uses to determine the order of posts appearing in its users' news feeds.44. EDGE Grants Development Loans to 4 Inner-City Businesses - Friday, February 05, 2016
Memphis’ inner-city neighborhoods garnered $79,000 in business development loans at the Feb. 3 meeting of the Memphis-Shelby County Economic Development Growth Engine’s finance committee.45. Highland Heights CDC Rehabs Five More Homes - Friday, January 29, 2016
On his desk at Treadwell Middle School, Jared Myers keeps a colorful map marked by green, red and blue shapes.46. Husband-and-Wife Team Manage Brides and Business at Maggie Louise - Thursday, January 28, 2016
Molly Farrell doesn’t recall a childhood spent dreaming about wedding gowns and the perfect ceremony.47. High Court Upholds Government's Energy Conservation Program - Tuesday, January 26, 2016
WASHINGTON (AP) — In a win for the Obama administration and environmental groups, the Supreme Court on Monday upheld a 5-year-old federal program that pays large electric customers to save energy during times of peak demand.48. Impatient Clemmons Anxious for Minority Voice to Be Heard - Saturday, January 23, 2016
Democratic state Rep. John Ray Clemmons is only halfway through his first two-year term representing District 55 in Nashville. But he’s not willing to wait years to speak out or push for change.49. Last Word: The View Across The Harbor, Crosstown Undercurrents and Bonnaroo - Thursday, January 21, 2016
The fishing puns are overpowering as Bass Pro Shops expresses its interest in redeveloping Mud Island River Park, on the other side of the city harbor from the Pyramid Bass Pro Shops opened at just this past May.50. Delta Posts $980 Million 4Q Profit on Lower Fuel Prices - Wednesday, January 20, 2016
Bass Pro Shops is one of five companies to express interest in Mud Island as part of the process by the Riverfront Development Corporation to go a different way with the park.
The RDC released the names of the companies Thursday.
Earlier this month, we outlined the RVC Outdoor Destinations proposal.
We don’t know nearly as much about what Bass Pro Shops has in mind or the other three firms.
All five now head for what amounts to a second round in which they submit specific plans to a search committee of the RDC including how they will pay for their plans.
DALLAS (AP) — Cheaper jet fuel thanks to falling oil prices helped Delta Air Lines earn $980 million in the fourth quarter despite lower revenue than a year ago.
Delta shares rose almost 5 percent in midday trading Tuesday, recovering some of their January losses.51. Get Used to it: Big Drops for Stocks are Back Again - Tuesday, January 19, 2016
NEW YORK (AP) — Yes, this is scary. Stock prices plunged again Friday and are down 8 percent in just two weeks, an unprecedented slide for a start of a year.
The vicious drops feel even more unsettling because they're such a departure from the placid and strong returns that investors had been enjoying for years. Like vacationers returning from a warm beach to a slushy commute to work, the shock of change is making something already painful even more so.52. Wright CEO: Merger Fuels Growth - Tuesday, January 19, 2016
In the wake of the closing of its merger with Tornier N.V., a global medical device company headquartered in Amsterdam that makes and markets joint replacement and soft tissue repair devices, Wright Medical Group Inc. has transformed itself into a high-growth extremities and biologics company.53. Outside the Box - Tuesday, January 19, 2016
Southwest Tennessee Community College is opening its new Whitehaven Center on Tuesday, Jan. 19. The building, which accommodates nearly 2,000 students at 1234 Finley Road off Elvis Presley Boulevard, is seeing new life following its run as a Kroger store that closed in 2011.54. Tennessee Startups Chasing Greater Opportunities - Saturday, January 16, 2016
When it comes to launching startup companies, Tennessee is best described as “early stage.”
The less than $200 million in venture capital invested in Tennessee businesses in 2014 is a rounding error compared to the $30 billion invested in California. And when the final tally for 2015 comes out later this month, the disparity won’t be much smaller.55. Fed Official: Low Oil Prices Affecting Central Bank Action - Friday, January 15, 2016
A key Fed official assured Memphis business leaders during a breakfast address Thursday, Jan. 14, that interest rates won’t climb dramatically this year.
Jim Bullard, the president and CEO of the Federal Reserve Bank of St. Louis, told the Economic Club of Memphis that rates today are “crazy low compared to the historical experience in the U.S.” and will “remain accommodative well into the future.”56. Miss Cordelia’s Adapts To Customers’ Needs - Thursday, January 07, 2016
Amidst a constantly changing grocery scene in the Memphis area, Miss Cordelia’s keeps plugging along in Harbor Town on Mud Island.
But don’t think the neighborhood grocer is sitting back waiting on customers to walk through the doors. The business’ 35 employees aren’t paying as close attention to the national grocery brands expanding or joining the market farther to the east because they’re focused more on listening to customers to better understand what they want.57. Q&A About the Market Turmoil in China and Beyond - Tuesday, January 05, 2016
BEIJING (AP) — After the Chinese stock market started 2016 with a plunge that unnerved investors globally, here are some questions and answers about the turmoil.
WHY DID THE CHINESE MARKET DROP SO MUCH?58. Google Helps Analyze If Rooftop Solar Panels Are Good Deal - Monday, January 04, 2016
RALEIGH, N.C. (AP) – The company that lets you compare air fares and translate foreign languages online wants to make it easier to weigh the costs and benefits of installing solar panels on household rooftops.59. Refugees, Regents, Privatization On Tap for New Session - Friday, January 01, 2016
State Sen. Ken Yager isn’t quite ready for the state of Tennessee to reclaim the Refugee Resettlement Program from Catholic Charities.60. US Pending Home Sales Slip in November - Thursday, December 31, 2015
WASHINGTON (AP) – Fewer people signed contracts to purchase homes in November, as the real estate market appears to have cooled after sales gains for much of 2015.
The National Association of Realtors said Wednesday that its seasonally adjusted pending home sales index fell 0.9 percent to 106.9 last month. It was the lowest reading in 10 months. Still, the index has risen 2.7 percent from a year ago.61. US Stocks Are Ending 2015 Mostly Flat, Capping Volatile Year - Wednesday, December 30, 2015
The stock market took investors for a wild ride in 2015, but in the end it was a trip to nowhere.
Despite veering between record highs and the steepest dive in four years, the stock market is on track to end the year essentially flat. That means if you invested in a fund that tracks the Standard & Poor's 500 index, you have little to show for the past 12 months.62. Evaporcool Solutions Cools Off the Hot Air - Thursday, December 17, 2015
Evaporcool Solutions is doing its part for the environment from its home base in Memphis.
Founded in 2004, Evaporcool manufactures and sells energy efficient technology that is targeted for the commercial HVAC market across the U.S., with applicability around the world. Imagine a custom-built frame that is installed on the exterior of an air conditioning system.63. Plans Forming for Memphis’ First Food Hall - Wednesday, December 16, 2015
A norm on the East and West coasts – and an even older tradition in Europe and other international cities – indoor food markets are making their way to the Southeast in cities like Nashville, Atlanta, Little Rock and St. Louis.64. As Rate Hike Nears, Fed's Hints on Future to be Scrutinized - Tuesday, December 15, 2015
WASHINGTON (AP) — It's not about what it will do. It's about what it will say.
The worst-kept secret in the financial world is that the Federal Reserve is all but sure Wednesday to raise interest rates from record lows by a modest quarter point.65. Why Relationships Are Essential To Research - Thursday, December 10, 2015
Beth Werner, Head of Retail Research and Vision at Bose
So, why are relationships essential for research? Let me begin by telling you a little about myself, and then tell you about why relationships are scary for Bose.66. Jobs Report's Big Question Mark: Will Pay Growth Continue? - Friday, December 04, 2015
WASHINGTON (AP) — Is the U.S. job market finally healthy enough to lift Americans' long-stagnant pay?
Some tantalizing signs have suggested that wages are beginning to pick up after barely moving in the 6½ years since the Great Recession officially ended. On Friday, the government's jobs report for November should offer some clues about whether the modest pay gains will continue.67. Business Leaders Forging New Identity for Summer Avenue - Friday, December 04, 2015
Summer Avenue was home to the city’s first McDonald’s, the world’s first Holiday Inn and a small part of what was called the Broadway of America when the completion of U.S. 70 in 1927 took it across the U.S.68. City Council to Vote on Idlewild Gate, Water Rate Hike - Tuesday, December 01, 2015
A gate across Idlewild Street between two competing supermarket projects in Midtown tops the Memphis City Council’s next-to-last meeting of the year.
The council is to vote Tuesday, Dec. 1, on a resolution that would close Idlewild south of Union Avenue to vehicular traffic and install a gate. The reason, according to the resolution, is to prevent motorists coming from Union Avenue and the two developments from cutting through the residential area.69. Signs of Steady US Economy: Rising Pay and Solid Job Market - Monday, November 30, 2015
WASHINGTON (AP) — Americans' pay is up, fewer people need unemployment aid, more are buying new homes and business spending is rebounding.
A flurry of data released Wednesday signaled that the fundamentals of the U.S. economy remain solid, if unspectacular, three weeks before the Federal Reserve will likely begin raising interest rates.70. LEDIC Plans Drone Flight School, Security Program - Thursday, November 26, 2015
LEDIC president and CEO Pierce Ledbetter is making a big bet on drones.
The Memphis-based company’s new $10.2 million headquarters will house the area’s only drone flight school intended to certify operators in the newly forming commercial Unmanned Aerial Vehicle marketplace. It also will include a drone manufacturing facility.71. US Economy Grew at 2.1 Percent Rate in Third Quarter - Wednesday, November 25, 2015
WASHINGTON (AP) — The U.S. economy grew at a slightly faster rate in the summer than previously reported, mainly because businesses restocked their goods at a stronger pace than first thought.
The overall economy, as measured by the gross domestic product, grew at an annual rate of 2.1 percent in the July-September period, the Commerce Department reported Tuesday. It previously estimated growth of 1.5 percent.72. Payments Company Payscape Expands to Memphis - Monday, November 23, 2015
The financial technology company Payscape has landed in Memphis, opening an office here with plans to ramp up quickly as it works to introduce the community to its merchant services and payment processing capabilities.73. Minutes of Meeting Show Fed Pondering December Rate Hike - Thursday, November 19, 2015
WASHINGTON (AP) — Federal Reserve officials believed last month that the economic conditions needed to trigger the first interest rate hike in nearly a decade could "well be met" by their next meeting in December.74. Short-Term Market Drop Likely Following Paris Terror - Monday, November 16, 2015
NEW YORK (AP) — The value of stocks, crude oil and the European currency will likely fall this week as investors worry about what the Paris terror attacks will do to consumer confidence and key parts of the global economy.75. Branching Out - Saturday, November 14, 2015
The building going up at 2504 Poplar Ave., where a construction crew has been making steady progress since Iberiabank filed a $750,000 building permit for it back in April, represents something a bit unusual.76. Burst of Hiring: US Employers Added 271,000 Jobs in October - Monday, November 09, 2015
WASHINGTON (AP) — U.S. hiring roared back in October after two weak months, with employers adding a robust 271,000 jobs and likely setting the stage for the Federal Reserve to raise interest rates next month.77. Memphis Tennis Tournament’s New Owners Hope to Rejuvenate Annual Event - Wednesday, October 28, 2015
Another year, and another new owner of the Memphis men’s professional tennis tournament with big plans for restoring luster to the event – this time as the Memphis Open presented by ServiceMaster celebrates its 40th year.78. Delayed Midtown Kroger Details Unveiled - Wednesday, October 21, 2015
With completion of the Union Avenue store now 18 months past initial projections, Kroger Delta Division officials say that the store is on track and “not anywhere near your standard Kroger.”79. Bring It Food Hub Looks To Expand Reach and Participants - Tuesday, October 13, 2015
Operating adjacent to Trolley Stop Market, at 694 Madison Ave., a food-focused nonprofit has just kicked off the fall season of its work connecting Memphians to healthy food from local farms.80. Vet Clinic Proposed For Binghampton Corner - Monday, October 12, 2015
A new veterinary clinic at the northwest corner of Sam Cooper Boulevard and Tillman Street will keep the lights on 24/7 and hopefully direct activity to Memphis’ less-trafficked Binghampton core.81. Economy Grew at 3.9 Percent Rate in April-June Quarter - Monday, September 28, 2015
WASHINGTON (AP) — The U.S. economy grew at an even faster clip in the spring than previously estimated. But that growth likely slowed in the summer, held back by global headwinds and turbulent financial markets.82. Memphis Bike Share on Track for Launch Next Year - Friday, September 25, 2015
All signs are pointing to Memphis getting a bike-sharing program. Explore Bike Share has reached the end of the trail as the local initiative has sent out a request for proposals to take public bikes-for-hire to the next level.83. Highland Row Developer Seeks Permit for Parking Garage - Tuesday, September 22, 2015
Permit Amount: $5 million
Application Date: September 201584. Socially Conscious Lesouque Curates Global, Ethical Designs - Monday, September 21, 2015
Completion: Late summer 2016
Owner: Poag Shopping Centers LLC
Architect: Looney Ricks Kiss
Contractor: Milhaus Development LLC
Details: Indianapolis-based developer Milhaus Development LLC and Memphis-based Poag Shopping Centers LLC have pulled a $5 million building permit as they continue developing the new Highland Row urban infill development.
Gokben Yamandag recalls fond childhood memories visiting open markets for hours on Saturdays in her native Turkey.
These bazaars, called souks, were the biggest entertainment going for children on a Saturday. Imagine a farmers market, only a hundred times bigger, with clothing, scarves and numerous other unique items.85. New Westhaven Elementary Calms Community Concerns - Saturday, September 19, 2015
There was a time when Bridget Bradley in the same room with Shelby County Schools board members might have been a confrontation.86. As Fed Meets, Decision on Rate Hike Seems Like a Toss-Up - Wednesday, September 16, 2015
WASHINGTON (AP) — Will they or won't they?
Nine years after they last raised their benchmark interest rate and after months of feverish speculation, Federal Reserve policymakers this week may finally raise that rate from a record low near zero.87. From University Labs to the Marketplace - Saturday, September 12, 2015
The health care industry contributed $38.8 billion to Middle Tennessee’s economy in 2014, according to a study released by the Nashville Health Care Council, which is a 32.9 percent increase from the 2010.88. Shelby County Mortgage Market Up 27 Percent in August - Monday, September 14, 2015
Lenders don’t just look forward to the summer months for the arrival of warmer weather.
At institutions like Evolve Bank & Trust, the local office of which president and CEO Scott Stafford said currently has the largest mortgage pipeline in its history, mortgage lending is heating up, too.89. Shelby County Housing Market Sees Steady Summer - Friday, September 11, 2015
Home sales continued to strengthen in Memphis and Shelby County last month with a hefty $243 million in recorded sales – an increase of 25 percent from August 2014’s total revenue.
Home sales saw a 22 percent increase in August with 1,504 sales recorded in the county compared to 1,233 sales in August 2014, according to real estate information company Chandler Reports, chandlerreports.com.90. US Jobless Rate Falls to 7-Year Low; Fed Move Still Unclear - Monday, September 07, 2015
WASHINGTON (AP) — The U.S. unemployment rate fell to a seven-year low in August as employers added a modest 173,000 jobs, a key piece of evidence for the Federal Reserve in deciding whether to raise interest rates from record lows later this month.91. Events - Thursday, September 03, 2015
Rock for Love, the Church Health Center’s annual concert benefit, will be held Thursday, Sept. 3, through Sunday, Sept. 6. Visit rockforlove.org for details on locations, times and entertainment lineup.92. Fed Report Finds Economy Growing at Moderate Pace in Summer - Thursday, September 03, 2015
WASHINGTON (AP) — While U.S. housing and auto sales showed strength over the summer, manufacturers were feeling pressure from China's economic slowdown and the oil industry was squeezed by lower energy prices.93. A Q&A With Wall Street's Top Psychiatrist on Market Turmoil - Monday, August 31, 2015
NEW YORK (AP) — When it seems like the stock market has lost its mind, big banks and investment firms often turn to one particular psychiatrist: Richard Peterson, CEO of MarketPsych, a firm that applies research from behavioral science to financial markets.94. Despite Stock Fall, Financial Health of Many Remains Solid - Thursday, August 27, 2015
WASHINGTON (AP) — Many Americans have just absorbed a financial beating — at least as measured by their stock holdings. It's the kind of blow that can feed a sense of helplessness about retirement, college savings and higher-than-expected bills.95. The Remarkable Life of Dr. Richard Briggs - Saturday, August 22, 2015
Richard Briggs is recognized in East Tennessee as a respected heart and lung surgeon, a one-time county commissioner and most recently an elected state senator, the Republican who defeated Stacey Campfield in 2014, ending his rather colorful tenure in the General Assembly.96. Fairgrounds’ Future - Saturday, August 22, 2015
It’s hard to imagine that a 65,000-seat stadium could be overlooked. Perhaps it’s because the Liberty Bowl wasn’t in the center of the Mid-South Fairgrounds when the stadium was built in 1965; it was on the eastern side of 155 acres of city-owned land, with a rail spur running along its eastern boundary.97. Memphis, Shelby County Home Sales Blaze On in July - Wednesday, August 12, 2015
The summer is coming to a close on a high note with home sales figures up across the board.
Sales volume and prices are up for July, and the market continues its climb to pre-recession levels.98. Bikesmith Ready to Roll Into First Brick-and-Mortar Store - Monday, August 10, 2015
Memphis’ traveling bike repairman has finally found a home. A year and a half after enrolling in the Mayor’s Innovation Delivery Team initiative MEMMobile, Jim Steffen, known as The Bikesmith to cyclists needing an adjustment or a hail-Mary overhaul, has signed a lease on a brick-and-mortar extension of his mobile repair truck.99. Fast Lane Flavor - Saturday, August 08, 2015
From a distance, Memphis' food truck operators like Terry and Allison LaRue might seem like the ultimate entrepreneurial renegades.100. Is the Market Flourishing Or Flailing Right Now? - Wednesday, August 05, 2015
4 Percent: On Feb. 4 of this year, the S&P 500 closed at 2,041. In the nearly six months since that date, the S&P 500 has basically been boxed into a trading range. That range has had a floor of 2,040 and a ceiling of 2,130 (an all-time high that was reached on May 21).