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Business

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  • Business

    After years of neglect, parks, community centers getting serious makeover

    More than $139 million will be pumped into parks and community centers managed by several entities within the city, an investment that will change the face of the city for years to come.

    By Julia Baker March 22, 2022
  • Behind The Headlines

    Watch: Leaders of Whitehaven comeback talk different path to prosperity

    The head of the Greater Whitehaven Economic Redevelopment Corporation and the founder of the I Love Whitehaven effort talk on Behind The Headlines about economic and business development.

    By Bill Dries March 19, 2022
  • Transportation & Logistics

    FedEx reports higher third quarter earnings

    The improved results were partially offset by the effects of the Omicron variant, as well as higher transportation and wage related costs.

    By Rob Moore March 17, 2022
  • Business

    EDGE Board approves changes for Parkside at Shelby Farms Economic Impact Plan

    EDGE board approves razing a building on Presidents Island, a PILOT extension for Thrive and updates to the Parkside at Shelby Farms development. 

    By Neil Strebig March 17, 2022
  • Premium Real Estate

    Malone Park construction enters second phase

    The Uptown development got underway last year with the first phase completing 11 cottages in June.

    By Neil Strebig March 17, 2022
  • Business

    Terminix acquisition clears waiting period

    Upon the acquisition, the combined company will have 56,000 employees serving 4.9 million customers worldwide, including 790 locations.

    By Rob Moore March 16, 2022
  • Premium Business

    Inked: South Main Trek Bicycle closes

    Bite Ninja opens, Trek Bicycle closes and Memphis region employment recovers to pre-pandemic levels.

    By Neil Strebig March 16, 2022
  • Movers and Shakers

    Movers & Shakers

    The Seam, a leading provider of food and agribusiness software and commodity trading solutions, recently announced Rex Vandiver has been named platform manager, peanuts.

    By The Daily Memphian Staff March 16, 2022
  • Business

    Southern Heritage Classic owner sues Jackson State for breach of contract

    JSU notified the Southern Heritage Classic in February that it plans to withdraw from the series.

    By Frank Bonner II March 15, 2022
  • Business

    Is Topgolf headed to Memphis?

    Topgolf looks like it might finally be headed to Memphis. An application for a large golf and entertainment venue was submitted to the Memphis and Shelby County Land Use Control Board. 

    By Abigail Warren March 16, 2022
  • 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
  • Business

    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

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