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Editorial Results (free)

1. PNC to raise base wages to $18 an hour, latest bank to do so -

NEW YORK (AP) — PNC Bank is the latest large U.S. financial services company to increase wages in a bid to keep and attract employees, raising its minimum wage to $18 an hour while also giving higher-paid workers a bump in pay.

2. Corporations become unlikely financiers of racial equity -

In the months since the police killing of George Floyd sparked a racial reckoning in the United States, American corpo-rations have emerged as an unexpected leading source of funding for social justice.

3. Fed survey finds modest gains in the US economy in February -

WASHINGTON (AP) — A Federal Reserve survey of business conditions across the United States has found that economic activity was expanding at a modest pace in February.

The Fed survey released Wednesday shows that the central bank's business contacts were expressing optimism last month about a stronger rebound as more COVID-19 vaccines are distributed.

4. PNC to buy US unit of Spain's BBVA bank for $11.6B -

NEW YORK (AP) — PNC Financial Services Group Inc. said Monday it is buying the U.S. subsidiary of Spain's BBVA bank for $11.6 billion in cash.

BBVA's U.S. operations, which are based in Houston, Texas, have $104 billion in assets and operate 637 branches, mainly in the south and southwest of the country.

5. Surge in virus threatens to reverse global economic rebounds -

WASHINGTON (AP) — The resurgence of coronavirus cases engulfing the United States and Europe is imperiling economic recoveries on both sides of the Atlantic as millions of individuals and businesses face the prospect of having to hunker down once again.

6. Legal Aid’s Overby retires after 46 years -

Attorney Russ Overby is retiring from Legal Aid Society of Middle Tennessee, where he began practicing in 1974.

Before his retirement, Overby was lead attorney of the firm’s Health, Income and Education Practice Group, specializing in poverty law. He worked at Legal Aid Society’s Nashville office from 1974 until 1993, serving as lead counsel in a number of significant federal and state cases involving public benefits and the rights of children in state institutions. He was managing attorney of the Legal Aid Society’s Murfreesboro office from 1993 to 1997, then left the firm from 1997 to 2005 to work as a welfare reform lawyer at the Tennessee Justice Center. He rejoined Legal Aid Society in 2006.

7. Spiking cost of gasoline pushes June consumer prices up 0.6% -

WASHINGTON (AP) — U.S. consumer prices increased 0.6% in June, after three months of declines, with a big jump in gasoline prices accounting for over half of the gain.

The Labor Department reported Tuesday that the increase in its consumer price index followed declines of 0.4% in March, 0.8% in April and 0.1% in May as the hit to demand caused by the widespread shutdowns of the economy kept a lid on prices.

8. Economists agree: No quick rebound from recession is likely -

WASHINGTON (AP) — Devastated by the coronavirus, the U.S. economy is sinking. And the plunge is accelerating.

Now, as some businesses in a few states start to trickle back to work, hopes are beginning to arise that the economy, damaged as it is, might be poised to rebound by the second half of the year. If more employees and consumers were to gradually return to working and spending, the idea goes, the economy might be able to mount a sharp comeback.

9. China's economic slowdown deepens, weighing on global growth -

BEIJING (AP) — China's economic growth sank to a new multi-decade low in the latest quarter as a trade war with the U.S. deepened a slump that is weighing on the global economy.

Growth in the world's second-largest economy slipped to 6% in the three months ending in September, down from the previous quarter's 6.2%, data showed Friday. It was the weakest level since China started reporting data by quarters in 1993.

10. Newell joins Fifth Third as wealth management adviser -

Paul M. Newell II has joined the private banking team at Fifth Third Bank as a vice president and wealth management adviser.

Newell brings five years of experience in financial services and wealth planning with day-to-day plan implementation; estate planning and business planning. His experience spans a variety of financial services roles from client adviser to branch manager and personal banker.

11. China's economic growth steady amid tariff fight with US -

SHANGHAI (AP) — China's economic growth held steady in the latest quarter despite a tariff war with Washington as Beijing's efforts to reverse a slowdown started to gain traction.

The world's second-largest economy expanded by 6.4% over a year before in the three months ending in March, the government reported Wednesday. That matched the previous quarter for the weakest growth since 2009.

12. Creswell named GNR Realtor of the Year -

Denise Creswell with Pilkerton Realtors has been named the 2018 Realtor of the Year by Greater Nashville Realtors.

The Realtor of the Year award is presented annually to the association’s member who has made the most significant contribution to their clients, the real estate profession and the community. Creswell was awarded the honor for her commitment to professionalism, clients and the real estate industry at the association’s annual Awards of Excellence Gala on March 9. The 2017 recipient, Amy Cannon, presented Creswell with the award.

13. China's growth slows as officials try to reassure investors -

BEIJING (AP) — China reported economic growth sank to a post-global crisis low as finance officials launched a media blitz Friday to shore up confidence in its sagging stock market.

Growth in the quarter that ended in September slipped to 6.5 percent over a year earlier from the previous quarter's 6.7 percent, official data showed. It was the slowest rate since early 2009.

14. US hiring picked up in August as pay surged most in 9 years -

WASHINGTON (AP) — The pace of hiring in the United States quickened in August, and wages grew at their fastest pace in nine years — evidence that employers remain confident despite the Trump administration's ongoing conflicts with its trading partners.

15. Group that advises gov't watchdog is disbanded, members say -

NEW YORK (AP) — The head of the Consumer Financial Protection Bureau dissolved a group of outside experts that acts as an important sounding board for the watchdog agency on economic and financial issues as well as policy.

16. Tumbling banks hold back S&P 500 as earnings season launches -

NEW YORK (AP) — Bank stocks buckled on Friday, even after several reported fatter profits than analysts expected, and the sharp declines overshadowed gains elsewhere in the market to drag the S&P 500 lower.

17. Bass, Berry & Sims adds 5 attorneys in Nashville -

Bass, Berry & Sims PLC has hired five attorneys to the firm’s Nashville office. They are:

Christopher J. Climo, associate, represents clients involved in litigation at both trial and appellate levels and defends clients against government investigations. Prior to joining Bass, Berry & Sims, Climo served as a law clerk to the Honorable Gilbert S. Merritt, Jr. of the U.S. Court of Appeals for the Sixth Circuit. He earned his J.D. from Vanderbilt Law School (2016) and a B.A. from Vanderbilt University (2011).

18. Tech stocks gain in mixed finish for major US stock indexes -

Wall Street capped a mostly listless day of trading Monday with an uneven finish for U.S. stock indexes.

Gains by technology and materials stocks were mostly outweighed by losses among real estate companies, banks and other sectors. Macy's and other big retailers also took hefty losses.

19. US stock indexes slide in early trading; oil rises -

U.S. stocks moved broadly lower in morning trading Thursday, giving back the market's gains from the day before. Technology and financial stocks were down the most. Investors were turning their focus to the next wave of corporate earnings reports in the weeks ahead.

20. China's economic growth wanes to 25-year low in 2015 -

BEIJING (AP) — China's economy cooled further in the latest quarter, dragging 2015's full-year growth to a quarter-century low and deepening a slowdown that has fueled anxiety over its impact on the global economy.

21. 4 ways a surging dollar rattles world economies, markets -

WASHINGTON (AP) — The U.S. dollar hasn't been on a roll like this since Ronald Reagan sat in the White House and "Raiders of the Lost Ark" ruled the box office.

Since June 30, the greenback is up 28 percent against the euro, 18 percent against the Japanese yen and 40 percent against the Brazilian real. Not since 1981 has the dollar been so strong.

22. Aerial Development CEO wins Woman of the Year -

Britnie Turner, founder and CEO of Aerial Development Group, is a 2015 Enterprising Woman of the Year, Enterprising Women magazine’s annual tribute to the world’s top women entrepreneurs.

23. US economy accelerates and helps lift Dow to 18K -

WASHINGTON (AP) — A surge in U.S. economic growth lifted stocks Tuesday to record highs and showed that the United States is putting distance between itself and struggling economies around the world.

24. At Jackson Hole, central bankers eye varying goals -

WASHINGTON (AP) — The central bankers meeting this week at their annual conference in Jackson Hole, Wyoming, aren't exactly in sync. Many are taking steps that clash with the policies of others.

25. US factory output surges in July -

WASHINGTON (AP) — U.S. factory output rose for the sixth consecutive month in July, led by a jump in the production of motor vehicles, furniture, textiles and metals.

Manufacturing production rose 1 percent in July compared with the prior month, the Federal Reserve reported Friday. Factory output in June was revised slightly higher to a 0.3 percent increase. Over the past 12 months, manufacturing has risen 4.9 percent.

26. As US economy accelerates, Fed remains cautious -

WASHINGTON (AP) — After a grim start to 2014, the U.S. economy has rebounded with vigor and should show renewed strength into next year.

That was the general view of analysts Wednesday after the government estimated that the economy grew at a fast 4 percent annual rate in the April-June quarter. Consumers, businesses and governments combined to fuel the expansion. The government also said growth was more robust last year than previously estimated.

27. A more vigorous US economy appears to be emerging -

WASHINGTON (AP) — The U.S. economy has rebounded with vigor from a grim start to 2014 and should show renewed strength into next year.

That was the general view of analysts Wednesday after the government estimated that the economy grew at a fast 4 percent annual rate in the April-June quarter. Consumers, businesses and governments joined to fuel the second-quarter expansion. The government also said growth was more robust last year than it had previously estimated.

28. Nearly all major US banks pass Fed 'stress tests' -

WASHINGTON (AP) — More than five years after the financial crisis struck, the biggest U.S. banks are better able to withstand a severe recession than at any time since the meltdown, the Federal Reserve has determined.

29. Solid new-home sales lift hopes for housing market -

WASHINGTON (AP) — A surprisingly strong pace of new-home sales last month has boosted hopes that the spring buying season will be solid enough to lift the overall economy.

Sales of new homes rebounded in January to the fastest rate in more than five years. The strength in purchases followed a slowdown that had been linked to higher mortgage rates and severe winter weather.

30. Why Bernanke's clearer message landed with a thud -

WASHINGTON (AP) — Wall Street investors wanted clarity from Federal Reserve Chairman Ben Bernanke.

They didn't like it when they got it.

Bernanke set the record straight Wednesday about the Fed's bond-buying program. He said the Fed expects to scale back bond purchases later this year and end it entirely by mid-2014 if the economy continues to improve.

31. Fed says 17 of 18 top US banks have strengthened -

WASHINGTON (AP) — All but one of the nation's 18 largest banks are more prepared to withstand a severe U.S. recession and a global downturn than at any time since the 2008 financial crisis, the Federal Reserve says.

32. Jump in housing starts, earnings sending stocks up -

NEW YORK (AP) — A new sign of recovery in the housing market and strong corporate earnings sent stocks higher for a second day.

The Dow Jones industrial average rose 103.16 points, or 0.8 percent, to 12,908.70 on Wednesday, a strong showing for what has been a mediocre July so far. The index has risen only four times in the last 12 trading days.

33. Morin named COO of Ingram Content -

Shawn Morin, who joined Ingram Content Group Inc. in 2009 and has served as the chief information officer since that time, has been named the company’s new Chief Operating Officer.

34. 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.

35. Fed fines 8 US banks for alleged foreclosure abuse -

WASHINGTON (AP) — The Federal Reserve said Monday that it plans to fine eight additional U.S. bank holding companies for improperly foreclosing on homeowners.

The financial firms — EverBank, Goldman Sachs Group, HSBC Holdings PLC, PNC Financial Services Group, MetLife, OneWest Bank, SunTrust Banks and U.S. Bancorp — were not part of last month's settlement over alleged foreclosure abuses.

36. Dow, S&P 500 close at their highest since July -

NEW YORK (AP) — A surprisingly strong report on the housing market and the prospect of more cash for the International Monetary Fund to fight off a financial crisis powered stocks Wednesday to their highest close since last summer.

37. Watchdog: Regulators bowed to banks on bailout -

WASHINGTON (AP) — Federal regulators bowed to pressure from big banks seeking a quick exit from the financial bailout program and did not uniformly apply the government's own conditions set for repaying the taxpayer funds, a new watchdog report says.

38. Banking veteran Lassing joins Pinnacle Partners -

Longtime banker Chuck Lassing has joined Pinnacle Financial Partners as a senior vice president and financial advisor in the client advisory group.

Lassing’s experience in the financial services industry spans more than 28 years. Before joining Pinnacle, Lassing was a senior vice president and relationship manager for Reliant Bank. Other roles include serving as a senior vice president and city president for Magna Bank in Brentwood and as regional president – Middle Tennessee for National Bank of Commerce.