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Editorial Results (free)

1. Working Mother likes Baker Donelson -

Baker Donelson has been named by Working Mother to its 12th annual “Best Law Firms for Women” list. This is the third consecutive year the firm has been included in this prominent list, which recognizes firms that utilize best practices in recruiting, retaining, promoting and developing women lawyers.

2. Proxy companies advise shareholders against Nissan's Saikawa -

TOKYO (AP) — Two investor research companies are advising Nissan shareholders to turn down a proposal to reappoint the automaker's chief executive, Hiroto Saikawa, as a board director, citing possible oversight problems at the Japanese automaker after the arrest of his predecessor Carlos Ghosn.

3. Tesla forms committee to assess proposal to go private -

SAN FRANCISCO (AP) — Tesla is forming a special committee to evaluate proposals to take the company private one week after CEO Elon Musk said he was considering it.

The committee, made up of three independent directors, said Tuesday that it has not received any formal proposal from Musk, who on Aug. 7 tweeted that he had "funding secured" to buy Tesla shares at $420 per share.

4. Merger cancellation pushes Rite Aid into uncertain future -

Rite Aid shares plunged Thursday as the company headed into an uncertain future after calling off its merger with the grocer Albertsons.

Analysts and retail insiders questioned the drugstore chain's prospects after it ended a planned takeover by Albertsons before Rite Aid shareholders could vote on it. That vote also faced shaky prospects due to opposition from shareholders and influential proxy advisory firms.

5. Rite Aid, Albertsons call off merger deal ahead of vote -

Rite Aid and the grocer Albertsons called off an agreement to become a single company with the deal facing shaky prospects in a shareholder vote.

Shares of the drugstore chain plunged after markets opened Thursday.

6. Littler elevates Rosenblatt to Nashville shareholder -

Littler, the world’s largest employment and labor law practice representing management, has named Rachel Ross Rosenblatt a shareholder in its Nashville office. Rosenblatt is one of 28 attorneys elected to shareholder status across Littler’s U.S. offices, effective January 1, 2018.

7. Buffett's investors facing more resolutions, like many firms -

OMAHA, Neb. (AP) — Before billionaire Warren Buffett takes the stage Saturday to spend hours answering at his conglomerate's annual meeting, his investors had to weigh questions about climate change and disclosing political contributions.

8. After weak jobs report and Syria strikes, stocks stand still -

NEW YORK (AP) — U.S. stocks never got going Friday after a slightly disappointing jobs report and word of U.S. missile strikes against Syria. Investors bought shares of defense contractors and stocks that are traditionally considered safe.

9. KraftCPAs admits two new members -

Sean Owens and David Lister became members (owners) of KraftCPAs PLLC.

Owens, a graduate of Tennessee Tech, works in the assurance services practice area. Since joining KraftCPAs in January 2003, he has gained extensive experience with manufacturing, wholesale and distribution clients. Owens also worked with a variety of other clients including broker-dealers, investment companies, not-for-profits and educational institutions.

10. Nashville Public Library selects Meacham for honor -

Acclaimed presidential historian and Pulitzer Prize-winning Nashvillian Jon Meacham will receive the 2015 Nashville Public Library Literary Award and will join Nashville’s own American history buff and country performer Tim McGraw for a free public lecture and conversation on Dec. 7.

11. Alexis named vice president for advancement at TSU -

Tennessee State University President Glenda Glover has announced the appointment of Eloise Abernathy Alexis as the new associate vice president for Institutional Advancement. Alexis will serve as TSU’s chief advancement officer providing strategic advocacy and leadership for alumni relations, annual giving and development.

12. Dollar General stands firm on store divestiture figure -

GOODLETTSVILLE (AP) - Dollar General said Thursday that it still believes it should not have to divest more than 1,500 stores to complete a deal with Family Dollar.

On Monday Family Dollar Stores Inc. CEO Howard Levine said in a letter to investors that the Federal Trade Commission has indicated that there may need to be 3,500 to 4,000 store divestures for a deal with Dollar General Corp. to go through, though that is not a final figure.

13. Burnstein elected Waller chairman -

Waller law firm has elected Matthew R. Burnstein chairman of the firm. Effective August 1, 2014, Burnstein will succeed John Tishler, who will assume the role of chairman emeritus and resume his bankruptcy and restructuring practice at Waller.

14. Perry named partner in health care practice -

John M. Perry, Jr. has joined Bradley Arant Boult Cummings LLP as a partner in the Health Care Practice Group. Perry had been working from the firm’s Birmingham office since rejoining the firm in January 2014. He began his legal career in the Birmingham office as an associate in 1997.

15. Wal-Mart CEO: speed up pace of change -

FAYETTEVILLE, Ark. (AP) — Wal-Mart's CEO Doug McMillon said the world's largest retailer's task is to more quickly bring e-commerce together with physical stores to better serve shoppers.

At Wal-Mart Stores Inc.'s annual shareholders meeting on Friday, McMillon talked about a service that Wal-Mart offers at its Asda.com Web site in the U.K., where customers can order groceries online and then pick them up from trucks at various pickup points. He also showed off miniature figures of executives to illustrate how some Wal-Mart stores have been using 3-D printers to create miniature figurines for customers in the U.K.

16. Icahn backs off plan for $50B Apple share buyback -

Activist investor Carl Icahn is backing off his proposal that Apple spend $50 billion buying back its own stock during the current fiscal year that ends in September.

Icahn told fellow Apple shareholders Monday in a letter that he sees no reason to persist in light of the Cupertino, Calif., company's recent buybacks and a recommendation from an influential firm that gives advice to big shareholders.

17. Shareholders voting on $24.4 billion Dell buyout -

DALLAS (AP) — Dell Inc. is making a late push to win shareholder support for founder Michael Dell's plan to take the slumping computer maker private, an indication that Thursday's scheduled vote could be close.

18. ISS recommends vote for Dell founder's offer -

NEW YORK (AP) — A top proxy advisory firm is recommending that Dell shareholders vote in favor of a deal that would allow the company's founder and an investment firm to buy the computer maker and take it private.

19. Softbank sweetens offer for Sprint by $1.5B -

OVERLAND PARK, Kan. (AP) — A month after being challenged by a rival to raise its bid for Sprint Nextel, Japan's Softbank did just that, by $1.5 billion.

That brings Softbank's total bid to $21.6 billion for the nation's third-largest carrier, which is still short of the $25.5 billion offered by the rival Dish Network in April.

20. Jamie Dimon under pressure ahead of investor vote -

NEW YORK (AP) — Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs.

It's been just more than a year since his bank, JPMorgan Chase, revealed a surprise trading loss that tarnished its usually stellar reputation in Washington and on Wall Street, and what a difference it has made. Shareholder groups are calling for the bank to strip him of his chairman job, a move that would be a bruising referendum against a man who's normally chieftain even among other big-bank CEOs. They're also lobbying to kick out multiple long-time board members, saying they should have done more to detect or prevent the trading loss.

21. Waller expands, adds 16 attorneys in Nashville -

Waller has announced the addition of 16 new attorneys to the following practice groups:

  • Corporate (one partner and four associates);
  • Finance & restructuring (two associates);
  • Health care (four associates);
  • Real estate (one Of Counsel and two associates);
  • Trial & appellate (one partner and two associates).

Corporate

Mark Folk joins Waller as a partner with more than 25 years of experience. Prior to joining Waller, Folk was partner and co-chair of the health care department for Partner Shutts & Bowen, LLP, in Fort Lauderdale, Fla.

22. Brock is president, CEO of Launch Tennessee -

Launch Tennessee, a public-private partnership focused on supporting the creation and development of high-growth companies in Tennessee, has named Charlie Brock as the organization’s new president and chief executive officer and Stuart McWhorter as the organization’s new vice chair.

23. Typical CEO made $9.6M last year, AP study finds -

NEW YORK (AP) — Profits at big U.S. companies broke records last year, and so did pay for CEOs.

The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.

24. FirstBank hires Oakley as Middle Tennessee president -

FirstBank has announced that Allen K. Oakley will join the bank as its new president for Middle Tennessee, with authority over banking operations in Nashville and surrounding counties.

25. WSJ links publisher's resignation to sales deal -

LONDON (AP) — The Wall Street Journal says its publisher in Europe resigned after an internal investigation determined that he had tried to influence editorial content to favor a partner in a cut-price circulation deal.