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Business

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  • Update Health Care

    DOJ permitted to intervene in Methodist lawsuit

    The U.S. District Court of Middle Tennessee granted the U.S. Department of Justice’s request to intervene in a lawsuit accusing Methodist Le Bonheur Healthcare of fraud.

    By Christin Yates March 16, 2022
  • Business

    International Paper on short list of corporations still operating in Russia

    More than 375 companies around the world — including FedEx Corp. and Sylvamo Corp. — have suspended operations in the region following the humanitarian crisis created in the wake of Russia’s full-scale invasion of Ukraine.

    By Rob Moore March 15, 2022
  • Ford Megasite

    Bluff City Biz: Blue Oval City, business in Russia with John Threadgill

    “I would suspect that most of the companies that entered into the Russian market either had a contingency plan,” the Bartlett Chamber president said. 

    By Rob Moore March 14, 2022
  • Premium Transportation & Logistics

    Why isn’t there Amtrak service between Memphis and Nashville?

    Amtrak released its “Connect US 2035” plan last month, rekindling interest among state leaders for a Memphis-to-Nashville connection.

    By Rob Moore March 14, 2022
  • Business

    Memphis-based companies with ties to Russia risk losing assets

    Russian courts can appoint external administrators for companies that cease operations and are at least 25% foreign-owned, if a plan favored by Vladimir Putin is approved.

    By The Associated Press March 13, 2022
  • Business

    A guide: Making sense of economic development terms

    Don’t know the DMC from the MLC, or the CCRFC from the CBID? Here’s a quick guide to some commonly used business and economic development terms and organizations. 

    By Neil Strebig March 13, 2022
  • Business

    Bank of America takes root with Memphis market president

    Trevia Chatman has her eyes set on making her hometown more financially secure by helping connect banking and investment resources to people across the Mid-South.

    By Christin Yates March 13, 2022
  • Premium Business

    Brownsville retirement home catches eye of Ford CEO

    “They know that Ford will change our town,” said Diane Hooper, executive director of Sugar Creek. “But I think they’re very excited for future generations and what this is going to mean for our county.” 

    By Rob Moore March 12, 2022
  • Transportation & Logistics

    Memphis International anticipates busy Spring Break

    Airport officials expect peak days to include Friday, March 11, and Sunday, March 13. 

    By Rob Moore March 12, 2022
  • Business

    LPI Memphis to turn 22 Cooper into ‘Gateway to Overton Square’

    “We want it to be inviting,” Jack Dawson of LPI Memphis said of the former home of Bari Ristorante e Enoteca. “This is the entrance to the space. It needs to be worthy of that sort of greeting.”

    By Neil Strebig March 17, 2022
  • Health Care

    Former St. Jude CEO, director Donald Pinkel dies at 95

    Pinkel served as CEO and director of St. Jude until 1973.

    By Christin Yates March 11, 2022
  • Business

    International Paper to consider selling interest in Russian venture

    International Paper declined to comment further about its plans for operating in Russia following its full-scale invasion of Ukraine. 

    By Rob Moore March 11, 2022
  • Real Estate

    February home prices up over a year ago

    The Memphis area saw a 15.5% increase in average sales price last month compared to a year ago, and Whitehaven’s increase was 80%.

    By Neil Strebig March 11, 2022
  • State Government

    I-55/Crump Blvd. construction to begin in spring

    Accidents are common on the interchange, where drivers have to slow down and take an exit in order to stay on the highway.

    By Ian Round March 11, 2022
  • Transportation & Logistics

    FedEx Express chief to retire; Richard Smith will take over

    Richard W. Smith will become president and CEO-elect of FedEx Express following the announcement Thursday, March 10, that Donald F. Colleran will retire effective Dec. 31, 2022.

    By Rob Moore March 11, 2022
  • Ford Megasite

    Megasite Authority approves site plan for Blue Oval City

    Ford now needs to secure an environmental permit before moving forward with site work at its planned $5.6 billion electric vehicle plant in West Tennessee.

    By Rob Moore March 11, 2022
  • Food News

    After 11 years, Rizzo’s is closing at the end of the month

    Rizzo’s is the second popular restaurant in the past week to announce it’s closing; recovery from COVID is taking a toll.

    By Jennifer Biggs March 10, 2022
  • Education

    Fifth-graders run a city for a day at JA BizTown

    Junior Achievement of Memphis and the Mid-South built a city that models all the careers that students can aspire to have as adults, and they run the city during a five-hour simulation.

    By Christin Yates March 10, 2022
  • City of Memphis

    ‘Brand-new’ Central BBQ headed for original location

    The Midtown restaurant will be closed for about six months during its renovation and expansion. 

    By Jasmine McCraven March 10, 2022
  • City of Memphis

    TVA withholds salary data, claims competitive concerns

    As it fights to save its Memphis power contract, the Tennessee Valley Authority is irritating critics by an alleged lack of transparency that includes withholding the salary of its West Region vice president Mark Yates.

    By Marc Perrusquia March 10, 2022
  • Arlington

    TVA official cites benefits that should come to the region with Blue Oval City

    “This couldn’t be a more transformative project,” says Aaron Stewart. “The suppliers are already looking. ...”

    By Michael Waddell March 09, 2022
  • Business

    Kontji Anthony leaving WMC

    Kontji Anthony, evening co-anchor at WMC-TV Action News 5, announced in a letter dated March 7 that she will not seek to remain in her position when her contract expires in April.

    By Christin Yates March 10, 2022
  • Downtown

    The Peanut Shoppe ready to reopen in new location, remains Downtown

    “This business depends on the walking traffic,” said owner Rida AbuZaineh. “It’s like walking on the beach, where there is ice cream.”

    By Jasmine McCraven March 09, 2022
  • Premium Business

    As world uses ‘power of the marketplace’ against Russia, local companies could be impacted as well

    “If we want to solve this problem in Ukraine using gas and oil as one of the solutions, then in fact it’s going to cost us,” said a local economist. 

    By Rob Moore March 09, 2022
  • Business

    How three local businesswomen achieved their success

    Martha Hample, Carmeon Hamilton and Vonesha Mitchell shared stories of their professional challenges and successes at The Daily Memphian’s Women and Business seminar.

    By Christin Yates March 09, 2022

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