Business
International 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.
Rob Moore
There are 762 articles by Rob Moore :
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May 2023
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Transportation & Logistics Fedex mother-daughter team make historic flight
The aviation duo broke new ground after they traveled from Memphis to Incheon, South Korea.
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Transportation & Logistics FedEx pilots vote to authorize strike
A representative of FedEx said the decision should not affect the company’s operations at this time.
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Transportation & Logistics Memphis-Shelby County Airport Authority passes $156M 2024 budget
The increase in revenue will be supplemented by the federal Coronavirus Response and Relief Supplemental Appropriation Act funding and surplus funds that will carry over from 2023.
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Transportation & Logistics Memphis International expects 52K travelers this Memorial Day weekend
The airport and TSA have shared tips for people traveling for the holiday.
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Transportation & Logistics Hundreds of FedEx pilots picket for new contract
Pilots picketing outside the FedEx Express Air Operations Center on Airways Boulevard Wednesday held signs that read “When the world shut down, FedEx pilots delivered” and “Now is the time!”
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Transportation & Logistics FedEx launches platform to help customers track CO2e emissions
The Sustainability Insights tool is designed to assist FedEx in its goal of reaching carbon neutral operations by 2040.
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Transportation & Logistics FedEx says it has reached ‘tentative agreement’ with pilots union on new contract
Earlier this month, the FedEx ALPA Master Executive Council, the union which represents the pilots, announced its members had voted to strike if necessary to achieve a new labor agreement.
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Real EstateInked: NCRM, Tesla and Starbucks are all expanding in Memphis
In this edition of Inked, The National Civil Rights Museum expansion gets a foundation, Tesla will expand its charging station on Park Avenue and there will be a new Starbucks on Winchester.
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City of Memphis MATA to continue $1.25 ride share service
The original service zone of Downtown and New Chicago was expanded to include Presidents Island and areas of South Memphis.
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June 2023
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Real Estate Rapper 2 Chainz restaurant to go before design board
Esco Restaurant & Tapas is scheduled to open this year on the ground floor of the 200 S. Second parking garage at 156 Lt. George Lee Ave.
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Shelby County Memphis receives EPA funding to clean contaminated areas
This marks the first time since 2009 that a city in Tennessee was granted one of these funds.
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Real Estate TacoNGanas wants to bring another location to East Memphis
If approved, it would become the sixth TacoNGanas location, with trucks in Cordova, Midtown and East Memphis.
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Metro I-55 bridge will close this weekend
The multi-year project includes the construction of a new roundabout and is designed to allow I-55 traffic to avoid the “cloverleaf” at Crump.
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Real EstateInked: Monster Golf comes to Cordova; Buster’s expands to East Memphis
According to Monster Golf’s website, players interact with animated monsters, which “talk, wiggle and squawk” as players make their way through the course.
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Real Estate Midtown landmark could switch from office to apartments
Built in 1965, the building includes 400 parking spaces in a four-story garage and 156,342 square feet of leasable office space in the 10 floors above.
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Real Estate Developers of $75M fairgrounds redevelopment project ask for PILOT
“This project will be one of the largest African American-led real-estate projects in the city’s history since the days of Robert R. Church,” the local developer wrote in the team’s PILOT application.
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Business Memphis Chamber CEO lays out plans for economic growth at Mid-Year Chairman’s Forum
Year to date, the Chamber says its efforts have helped land six development projects, including the news that Richardson International plans to invest $220 million to upgrade its Wesson Oil plant in Midtown.
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BusinessTed Townsend gets down to business
“This is a destination job for me,” said Townsend, who recently celebrated 100 days as the Greater Memphis Chamber’s president and CEO. In that time, Townsend has met with 100 business leaders, attended 44 ribbon cuttings and had a lot of conversations about public safety.
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Real Estate Citing economic woes, Rise on the Ravine developers seek PILOT extension
“In the time since the PILOT was approved, macro-economic conditions in the real estate industry have not only not improved but have instead deteriorated further,” one of the developers wrote in a letter attached to the extension request.
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Transportation & Logistics FedEx pilots’ union leadership votes to approve tentative contract
According to the union, the new agreement would provide major pension improvements with alternative pension options, hourly pay rate increases, an amendable period recovery payment and other improvements to pilots’ quality of life.
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Real EstateInked: A new road for a $100M cultural center in Eads; developer plans to fill vacant lot
A new housing development project planning to fill a long-vacant lot in the Peabody-Vance neighborhood received a tax incentive from the Downtown Memphis Commission.
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Business Chemical manufacturer seeks PILOT for its North Memphis facility
PMC expects to create 35 jobs with a base salary of $70,000 and will spend $8 million expanding its building at 1248 Warford St. and more than $39 million for new personal property at the site.
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Transportation & LogisticsInside the tentative FedEx pilots contract
Overall, the preliminary agreement has a combined $3.8 billion in value, a more than 37% increase from the current contract.
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Downtown St. Mary’s Cathedral seeks $25,000 to help restore facade
The cathedral’s structure, which was built between 1889 and 1926 in the Gothic Revival style, is undergoing a $1.4 million renovation.
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