First Horizon merger could miss crucial deadline
TD has initiated discussions with FHN regarding a potential further extension of the outside date.
Rob Moore
There are 762 articles by Rob Moore :
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March 2023
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Financial Services -
Financial Services TD Bank pays $1.2B in Stanford Ponzi settlement
The First Horizon buyer is one of five banks that provided services to Stanford Financial Group over 20 years that have paid $1.6 billion to the victims of the Ponzi scheme.
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Business FedEx CEO appointed to President’s Export Council
The council advises the president on government policies and programs that affect U.S. trade performance and works to promote export expansion.
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Transportation & Logistics $15 million airport makeover ‘not a short-term project’
Memphis International will receive $14.8 million from the FAA, which it will use in its efforts to modernize its ticketing and baggage areas.
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Transportation & Logistics Memphis International Airport expects busiest Spring Break since ‘08
The peak day for this season is expected to be Friday, March 10, with more than 9,000 people projected to pass through the checkpoint.
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Real Estate Nylon Net developer seeks PILOT extension
The first phase of development, already under construction, will include 210 multifamily residential units and a 262-car parking garage.
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Downtown Downtown Mobility Center to include 48 ‘EV-ready’ parking spaces
The Mobility Center, scheduled to open in July, already has four parking spaces that are equipped for the installation of electric chargers for public use.
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Downtown Nylon Net site redevelopment’s second phase approved
The Oliver, will now include an additional adjacent parcel at 339 S. Front St., where the development team plans to build 63 additional multifamily units.
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Financial ServicesFirst Horizon outlines risks associated with TD merger
Both banks have to receive regulatory approval from U.S. oversight authorities, and according to First Horizon, the process is taking longer than anticipated, even as they remain committed to the deal.
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Transportation & Logistics Memphis International to offer flights to Raleigh-Durham
Avelo will be the only airline offering nonstop service to Raleigh-Durham International Airport, which serves Raleigh, Durham and the surrounding Research Triangle region of North Carolina.
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Transportation & Logistics FedEx impacted by market softness but earnings beat expectations
FedEx says continued demand weakness, particularly at FedEx Express, affected its most recent earnings period.
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Transportation & LogisticsBillions of dollars in cuts seemingly help FedEx get back on track
FedEx stock was up more than 10% following an earnings release last week, with numbers high enough that the company increased its forecast for the full fiscal year.
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Ford Megasite BlueOval City campus draws Gov. Bill Lee, other state leaders
“Never in my life did I anticipate that there would be this happening in rural West Tennessee,” said Tennessee Gov. Bill Lee. “Welcome to one of the most exciting days celebrating one of the most exciting events in this region.”
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Ford to build next electric truck — Project T3 — at BlueOval City
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Ford Megasite Ford to build next electric truck — Project T3 — at BlueOval City
By late 2026, Ford plans to produce 2 million electric vehicles annually across its global operations.
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Business How much did International Paper’s top executives earn in 2022?
IP disclosed how much its executives earned in 2022, including its CEO Mark Sutton, who earned more than $13 million last year through a combination of salary, stocks and incentives.
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Real Estate Historic Sterick Building bought by local developer
The building, at North B.B. King Boulevard and Madison Avenue, was added to the National Register of Historic Places in 1978 but has been vacant since 1986.
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April 2023
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Business Meet International Paper’s board of directors
When IP’s shareholders meet in May for its annual meeting, they will be asked to reappoint all 11 of the board members.
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Business FedEx to consolidate its operating companies
Expected to be completed in June 2024, the consolidation will bring FedEx Express, FedEx Ground, FedEx Services and other FedEx operating companies into Federal Express Corp.
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Transportation & Logistics FedEx pilots protest outside NYSE as company announces operating consolidation
Standing on Wall Street Wednesday morning, pilots held signs reading “Now is the time” and “FedEx has failed to deliver.”
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Downtown Hotel Pontotoc developers to seek approval for renovations
The boutique hotel at 69 E. Pontotoc Ave. will include 10 guest rooms, with a small lobby facing Pontotoc.
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Transportation & LogisticsOne FedEx: ‘Something investors have wanted for 15 years’
Following the announcement that FedEx’s operating companies will consolidate into one organization, the delivery giant’s stock was up by more than 1.2%.
Related stories:
FedEx pilots protest outside NYSE as company announces operating consolidation
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Transportation & LogisticsFedEx at 50: As FedEx hits milestone, new executive team has new challenges
The executive leadership team at FedEx — guided by CEO Raj Subramaniam — will have to demonstrate to its stockholders that it is the right team to lead the company out of turbulent waters and into the future.
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Transportation & LogisticsFedEx at 50: Why Memphis? An answer through the fog
Fred Smith has given several reasons for moving his young company to Memphis: the city’s central location, help from the Memphis International Airport and the area’s operational weather.
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BusinessHow much did Sylvamo’s top executives earn in 2022?
Sylvamo’s recently disclosed the compensation earned by certain executives in 2022, including its CEO Jean-Michel Ribiéras, who earned almost $7 million through a combination of salary, stock and other incentives.
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Ford Megasite Ford to supply temporary classrooms for Covington schools hit by tornado
Construction is expected to take two to three weeks. The gift from Ford will be at no cost to the district.
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