Pent-up leisure demand keeps hotels afloat
Hotel occupancy rates nationally nearly doubled between early April and July 4, but industry is still hunkered down because of business travel shutdown and recent spikes in COVID-19 cases.
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Business news reporter, 43-year veteran of print journalism, 35-year resident of Memphis, University of Georgia alumnus and proud father and spouse of University of Memphis graduates.
There are 745 articles by Wayne Risher :
Hotel occupancy rates nationally nearly doubled between early April and July 4, but industry is still hunkered down because of business travel shutdown and recent spikes in COVID-19 cases.
Advocacy group Stop Animal Experimentation Now asked the agriculture department to investigate a 2019 UTHSC research experiment with baby pigs. The university said the issue was dealt with appropriately.
Memphis International Airport’s periodic behind-the-scenes tour will be offered in virtual format Friday, July 17, in collaboration with CityCURRENT.
Blind Bear and other bars and limited-service restaurants are seeking an injunction allowing them to stay open.
Washington Football Inc. says it will drop the controversial name of its NFL team and announce a new name later. FedEx was among companies applying pressure for the change.
FedEx founder, chairman and CEO Frederick Smith also is looking to sell his ownership stake in the NFL Redskins franchise, The Washington Post reported.
Sekisui won a grant from the Economic Development Growth Engine to aid the sushi restaurant's comeback from an extreme loss of business due to COVID-19.
FedEx has launched voluntary COVID-19 testing for Memphis area employees and on-site vendors. Testing sites are at FedEx Express world headquarters and near the hub at Memphis International Airport.
Tennessee data showed 53,703 Shelby County residents and 256,645 Tennesseans were receiving unemployment benefits in the week ending July 4.
SBA data suggests Paycheck Protection Program thus far has aided more than 14,000 Shelby County businesses and helped retain more than 50,000 jobs.
The Postal Service is finally taking the Front Street Post Office off the books, after suspending operations when the University of Memphis law school moved Downtown in 2010.
There's no doubt costs of maintaining and operating Tom Lee Park will increase after a planned $60 million overhaul of the riverfront park. How much is an open question.
The Corps of Engineers took a wait-and-see attitude on some questions about how much Tom Lee Park can be changed by new park design, suggesting ongoing dialog ahead.
E-commerce and a shortage of air cargo capacity pushed FedEx fourth quarter earnings well past analysts' expectations. Analysts wonder if trends will continue – and produce a desired goal of double-digit profits.
FedEx Corp. chairman and CEO Frederick W. Smith is a 10% owner of the team.
University of Memphis economist warns that ending $600-a-week federal jobless payment would endanger a fragile economic recovery and dampen wages and wage increases for workers.
Memphis-based FedEx said it does not expect surging e-commerce business to weaken post-COVID-19. Earnings reported Tuesday beat Wall Street estimates.
Memphis International Airport reports nonstop flights pulled down by airlines because of COVID-19 are returning over the next couple months. A new Salt Lake City nonstop is coming August 1.
Stryker has extended for a third time its tender offer to buy Memphis-grown medical device maker Wright Medical. The new deadline is Aug. 31.
COVID-19, trade wars and efforts to increase efficiency and lower costs in residential deliveries are expected to be front and center when FedEx reports fiscal 2020 and quarterly earnings.
A non-cash asset impairment charge related to FedEx Office's difficulties during the COVID-19 pandemic has depleted the remaining goodwill value of $2.2 billion, 2004 acquisition.
Nearly $500,000 in emergency economic development grants have been approved for 88 Memphis small businesses struggling to rebound from COVID-19. The Four Way is among latest recipients.
Nearly one in four Memphis area workers filed for unemployment benefits at some point since March 15, data shows. As businesses reopened double-digit unemployment rates continued in May.
Amtrak says it will reduce service on City of New Orleans to three times a week starting Oct. 1 because of COVID-19, but daily service could resume next summer.
Benjamin Pring, co-founder of the Cognizant Center for the Future of Work, said COVID-19 has spurred faster adoption of virtual meetings, voice-recognition platforms and technologies enabled by machine learning.