ServiceMaster trims workforce, withdraws guidance due to COVID-19 impact
Interim CEO Naren Gursahaney voluntarily reduces salary 25% and is optimistic the company is well-positioned to endure the pandemic.
Christin Yates
Freelance Reporter
Christin Yates is a native Memphian who has worked in PR and copywriting since 2007. She earned her B.S. in public relations and M.S. in mass communications from Murray State University.
There are 253 articles by Christin Yates :
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May 2020
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Business Memphis banks respond to COVID-19
Pinnacle Financial Partners, for one, does not "feel rushed by any means to reopen our lobbies."
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April 2020
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Business BuyTime enables experts to be compensated for consulting time
Hosts can name the price for their time, but anyone can be a buyer and anyone a host.
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Update
BusinessUpdate: First Horizon adds $135M to loan loss provision in Q1
Memphis banking company expects to close on its $3.9 billion merger with Iberiabank by the end of the second quarter.
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Update
BusinessUpdate: Pinnacle earnings down in first quarter
Return on average assets and on common equity fall sharply in the first quarter as Pinnacle boosted reserves for loan losses by $86 million.
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Business BancorpSouth beats estimates in Q1, focuses on navigating COVID-19
BancorpSouth records $46 million provision for loan losses as COVID-19 increases loan volume under CARES Act.
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Business Small businesses left empty-handed as Paycheck Protection funds run out
As Congress debates adding more funds to the Paycheck Protection Program, many small businesses try to hang on.
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Business Latest Beige Book not optimistic, but ‘not surprising’
The questions of how bad the economy could get still persist, making future Beige Book reports important for signs of how long the carnage could last.
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Business Technical, community colleges adapt to distance learning
Moore Tech looks at scheduling appointments for students to use equipment. Southwest builds on online learning programs developed prior to the pandemic.
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Business Some VC, private equity firms on the outside of CARES Act
Aggregation rules that impact the 500-employee threshold to receive federal relief funds through the Paycheck Protection Program have venture capital firms like SSM Partners in Memphis debating tough, complex decisions.
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March 2020
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Coronavirus Coronavirus daily blog, March 28: Cases top 1,300 statewide; 2 deaths in Memphis metro area
• Shelby County Health Department confirms a death; Mississippi Department of Health reports one
• Businesses can apply for both available relief loans
• Germantown lays off all part-time city employees
• Jail visitations via video only -
Business What to know about COVID-19 SBA disaster lending
Local professionals give advice for small businesses hurt by coronavirus plague and steps businesses can take to get needed capital.
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Business COVID-19 affects stock market, mortgage refis
Consumers may think mortgage interest rates have fallen in line with Federal Reserve rate cuts, but there are other factors contributing to mortgage rates.
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Business Updated: Weather affected AutoZone Q2 results, coronavirus could hurt sales
President and CEO Bill Rhodes cites mild winter in portions of the U.S. for sales that fell short of consensus estimates.
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February 2020
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Business Agtech companies get five minutes to impress at Demo Day
This summer, these companies will participate in field trials through the AgLaunch Farmer Network to gain invaluable feedback from farmers.
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Business Local wealth managers weigh in on stock market tumble
At least one wealth manager says the markets could see another 10% drop, but volatility is something investors should expect and endure.
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Business ServiceMaster revenues increased 9% in 2019
An increase in claims for termite damage in ServiceMaster's Terminix brand affected fourth-quarter net income.
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Business Five agtech companies to showcase innovative technologies at demo day
The participating companies were selected at the Row Crop Challenge at the Farm Journal AgTech Expo and have completed the AgLaunch365 accelerator program.
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Business Memphis business leaders share advice, challenges for success
Scrutiny and challenges come with being a woman in a leadership role, but should be embraced, three Memphis businesswomen tell a seminar audience.
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Spirit of Memphis Rhodes grads’ website gives students leg up on employment opportunities
The company’s goal is to have 50,000 students signed up this year and 750 to 1,000 businesses. The business side launches on Feb. 6.
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Business What the Animal Services chief, TV anchor and master distiller have in common
“You have to get over the fact that sometimes people are going to assign certain characteristics to you as a woman that they wouldn’t say about a man,” said Alexis Pugh, Memphis Animal Services director.
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January 2020
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Business International Paper cites debt reduction, shareholder returns in 2019 report
The company returned $1.3 billion to shareholders in the year ended Dec. 31, 2019, and reduced its debt by $1 billion.
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Business What the Charles Schwab, TD Ameritrade merger means for Memphis
“The three main providers are going to be down to two, and Schwab will have the majority of that marketplace," noted one local expert.
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Business AAF Memphis recognizes Ehrlich’s advertising career
Jerry Ehrlich joins the ranks of the most prominent advertising executives who have influenced Memphis clients and the community for decades.
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Spirit of Memphis Vescovo to receive honor at 40th Annual AWA banquet
Megan Lane with Harris Shelton Hanover Walsh also will be installed as the 2020 president of the Association of Women Attorneys.
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