There are 762 articles by Rob Moore :
The venture between Ford and SK Battery America Inc., a wholly-owned subsidiary of SK On, will build and operate the battery plant at BlueOval City at the Megasite of West Tennessee as well as two battery plants in Kentucky.
“We want to be a real partner in the community,” said Steve Swain, senior vice president and community lending manager for Pinnacle. “That includes creating a safe space, another resource where people can meet and bring in members of the underserved community.”
The logistics giant is closing its remaining data centers and moving completely to the cloud, a decision that it says will take two years.
In its annual report for the fiscal year ended May 31, FedEx disclosed numerous risks to its business, including Russia’s invasion of Ukraine and increased competition.
“Scott’s impact on the success of MEM cannot be understated,” said the chair of the Memphis-Shelby County Airport Authority board.
The luncheon, which will be held at 11:30 a.m. at the Holiday Inn at the University of Memphis, will feature a conversation on TD’s acquisition of FHN.
FedEx Corp. counters that the more than 6,000 service provider businesses in its Ground network earned an average revenue of $2.3 million in 2021.
Interior construction isn’t expected to begin until April 2023, with peak construction in the months that follow.
Increased earnings were driven, in part, by higher prices.
During Monday’s luncheon, both FHN and TD Bank N.A. CEOs stressed Memphis’ ongoing role in new institution’s operations.
Per the new agreement, FedEx will purchase up to $200 million in services from a Massachusetts-based technology company, in exchange for warrants for 25 million shares of its stock.
“FedEx Ground will not discuss, negotiate, or renegotiate service provider agreements or financial terms with a committee or any individual purporting to represent a collective body of service provider businesses,” FedEx Ground CEO John Smith said in a letter to contractors.
FedEx also announced Monday it will nominate retired Navy Vice Admiral Nancy A. Norton to its board when the company holds its annual meeting of stockholders in September.
All of FedEx’s board members are up for election or reelection when the company’s shareholders have their annual meeting, scheduled this year for Monday, Sept. 19.
John Chevedden’s more than 1,000 shareholder proposals with different companies has resulted in companies spending millions of dollars in legal fees.
This year marked the 10th anniversary of FedEx’s Purple Eagle program, an annual event in which the Memphis-based company honors a St. Jude patient who is also the child or grandchild of a FedEx team member.
More than 70 years after founding its charitable arm, Ford Motor Co. has invested more than $2.2 billion in initiatives that provide basic needs and access to essential services, offer tools to build new skillsets and open pathways to employment.
Ford has been working with the state, local institutions and community organizations to help create a pipeline of workers for the thousands of jobs that will be needed by 2025.
While more than 300 community organizations support the merger, some are pushing for a community agreement between the banks and groups where the institutions have sizable footprints.
“Interest in a union does not exempt partners from following policies that are in place to protect partners, our customers and the communities we serve,” Starbucks said.
In a letter to employees sent Monday, Aug. 22, Ford said about 2,000 full-time salaried positions would be eliminated, as well as 1,000 contract workers.Related story:
As of May 31, FedEx Express had $1.3 billion in deposits and progress payments on aircraft purchases, including 46 Boeings it plans to buy by 2025.
All work is weather permitting, and a detour will be posted for all closures.
FedEx is seeking injunctive relief and monetary damages following what it called a “coordinated and multi-faceted campaign.”
FedEx claims the contractor, which operated 225 routes in 10 states and had called for fees to be increased along with other changes, launched a “coordinated and multi-faceted campaign” that was “unfairly and wrongfully disparaging” FedEx Ground.