Richardson International will spend $220M to modernize its Memphis plant
The Canada-based company says it will replace the existing refinery at 1351 Williams Ave. pending “approval of local programs.”
Rob Moore
There are 790 articles by Rob Moore :
-
April 2023
-
Business -
Transportation & Logistics FedEx pilots to open strike authorization vote
Before a strike can take place, the National Mediation Board must first decide that additional mediation efforts would not be productive and offer the parties an opportunity to arbitrate the contract dispute.
-
Transportation & Logistics FedEx celebrates 50th anniversary with a day of service
Monday’s drive marked the beginning of a new era of giving for the logistics giant, after reaching its 50 million goal early in February.
-
Premium
Real EstateInked: A solar-powered Captain D’s; Snkrr Bar moves to Crosstown Concourse
A newly-constructed Captain D’s restaurant in Whitehaven could soon run on solar power, and construction for the second phase of The Oliver project will cost $16 million.
-
Transportation & Logistics Chamber study: Memphis still leads U.S. in supply chain and logistics
The supply chain and logistics industry’s workforce has grown 25% over the past decade in the Memphis area.
-
Downtown Downtown Brooks Museum construction moves forward
Earlier this month, the detailed plan for the new museum was approved by the Downtown Memphis Commission’s Design Review Board.
-
Financial Services TD Bank in talks to extend First Horizon merger deadline
TD CEO affirms that the deal is unlikely to close by the May 27 deadline but talks with First Horizon remain open.
-
Transportation & Logistics FedEx closing pilot bases in Alaska, California and Germany
FedEx said it decided to relocate its pilots and close its Cologne, Germany, 757 crew base and its MD-11 crew bases in Anchorage, Alaska, and Los Angeles as the “global business environment continues to evolve.”
-
Business International Paper offers mixed results amidst weaker global demand
International Paper’s adjusted operating earnings were $185 million in the quarter compared to $195 million during the same period last year.
-
Premium
Real EstateHow the historic Sterick Building could be reborn
In the 1920s, the Napoleon Hill mansion was razed to make way for the skyscraper. But the land itself would be passed down through the decades to the descendants of the original family.
-
-
May 2023
-
Transportation & Logistics FedEx Freight to consolidate 29 locations, furloughs workers
According to a representative of FedEx, eligible employees will be offered permanent transfer opportunities to other markets that have hiring needs.
-
Transportation & Logistics Spirit Airlines to launch Memphis, Los Angeles nonstop service
Flights from Memphis International Airport will depart daily.
-
Premium
Real EstateInked: An adaptive reuse project in the Edge; The Falls in Arlington updates
The Downtown Memphis Commission’s Design Review Board will consider exterior renovation plans for the single-story masonry building at 405 Monroe Ave.
-
Real Estate Pizza, coffee, yoga spots come to Medical District
A Rock’n Dough Pizza & Brewery restaurant will occupy the nearly 7,000 square-foot space that was formerly the Trolley Stop Market on Madison Avenue. French Truck Coffee and Sana Yoga studio will open in the Orleans Station development.
-
Premium
BusinessOptum at Home CEO to lead Memphis Chamber’s Chairman’s Circle
The Chamber announced the Circle’s new leadership on Thursday, May 4, including the selection of Bill Dunavant as vice chair.
-
Update
Financial ServicesTD calls off First Horizon deal
Because there is uncertainty as to if and when regulatory approvals can be obtained, both banks agreed to terminate the merger agreement.
-
Premium
Financial ServicesFirst Horizon CEO on merger breakdown: ‘We pursued every possible path to complete this transaction without success’
Under the terms of the termination agreement, TD Bank Group will make a $200 million cash payment to First Horizon on top of the $25 million fee due to First Horizon pursuant to the merger agreement.
Related stories:
Q&A: What the First Horizon CEO has to say after the termination of TD deal
-
Premium
Financial ServicesQ&A: What the First Horizon CEO has to say after the termination of TD deal
Following the announcement Thursday, which saw First Horizon’s stock down nearly 40%, First Horizon chairman and CEO Bryan Jordan spoke with The Daily Memphian to answer questions related to the terminated merger.
-
Real Estate First phase of Intrator’s Pinch District gets closing deadline modification
Developer Tom Intrator received closing deadline modifications for three of his Downtown projects that already have tax incentives.
-
Real Estate Falls Building owners seek tax incentives to repurpose historic landmark
New York-based Left Lane Development LLC will ask the Downtown Memphis Commission’s Center City Revenue Finance Corp. for a 12-year PILOT for the redevelopment project.
-
Premium
Real EstateInked: Updates on Intrator’s South Main properties
Developer Tom Intrator said the Dream Hotel planned for South Main could break ground as early as November.
Related content:
First phase of Intrator’s Pinch District gets closing deadline modification
-
Front Page Comcast to award grants to 100 small businesses in Memphis
Memphis is one of five cities that Comcast selected to award the grants, as part of the company’s RISE program.
-
Metro Apartments near Southwind, previously refused, get Land Use Control Board nod
In February 2022, the LUCB rejected plans to build the Tournament Trails Center complex at 3581 Tournament Drive-South, but a decision in April 2022 from the Memphis City Council reversed that decision.
-
Business Dextrous Robotics moving to larger space in Midtown
The Silicon Valley startup began its operations at Crosstown in 2020, where it started work on developing its flagship robot, DX-1. The purpose of DX-1 is to help companies move packages with “superhuman strength and speed.”
-
Premium
BusinessInternational Paper urges shareholders to reject recent offer
A mini-tender offer is an offer made to buy a company’s shares directly from its current investors, usually in an amount less than 5% of issued stock.
-