Fred Smith taking big pay cut as COVID-19 squeezes business
FedEx chief Frederick W. Smith has taken a voluntary, 91% pay cut as the Memphis-based company reports COVID-19 continues to negatively impact operations, cash flows and liquidity.
FedEx chief Frederick W. Smith has taken a voluntary, 91% pay cut as the Memphis-based company reports COVID-19 continues to negatively impact operations, cash flows and liquidity.
Nearly 4,500 people logged on to QuarantineCon, an online professional development conference co-founded by Memphis native Scooter Taylor.
A national historic status may come to the Anshei Sphard-Beth El Emeth Congregation building because of its striking architecture and the synagogue's rich history.
The state plans to build a temporary hospital of non-acute care beds at the Gateway Shopping Center on Jackson Avenue. Other sites are being evaluated.
FedEx Freight, the less-than-truckload unit of Memphis-based FedEx Corp., is moving its headquarters to Southwind, near the FedEx Express world headquarters.
The two-week toll in unemployment claims in Greater Memphis counties in Tennessee came to 16,903 when state officials reported regional numbers Thursday, April 2.
A California-based private real estate investment and development company has bought the mixed-use development two blocks west of the University of Memphis.
A 25% staffing cut at Memphis’ daily print newspaper and alternative weekly's plan to go biweekly are among temporary fixes for falling media revenues, amid sky-high demand for local news.
An undisclosed number of employees have been furloughed by Memphis-based Varsity Spirit in response to a threatened loss of business from the coronavirus pandemic.
Boyle Investment Co. has purchased four of the city’s premier office buildings in East Memphis as seller Highwoods Properties continues to divest itself from Memphis.
The Health Department made public some social-distancing guidelines that golf courses should follow if they want to operate. But the eight public courses in the City of Memphis will remain closed.
Heat map shows where positives are clustered now based on where the victims live. A version coming will show outbreaks based on workplace addresses.
My calendar has become remarkably clear, and I’ve gained more than an hour of my day back that is allotted to my commute. There is time to think critically, to assess and to think aspirationally. We have time to make big moves, and we must plan for a time beyond COVID-19.
Maleelo Shamambo, a neuroscience major and French minor at Rhodes College, is one of only 47 graduating college seniors nationwide to receive the Thomas J. Watson Fellowship, which provides a $36,000 grant for one year of independent study and travel outside the United States.
Gregory Realty has just purchased the Cooper-Young shopping center occupied by local and national tenants.
FedEx said it will implement surcharges on international shipments effective April 6, due to limited cargo capacity, particularly in Asia.
Sale puts real estate investment trust one step closer to leaving the Memphis market.
The giant plant makes more than 1 million rolls of toilet paper a day and it's figured out a way to increase production even more.
Health department confirms six positive cases in unnamed East Memphis assisted living facility.
Legions of laid-off residents, from restaurant and hotel workers to self-employed, freelancers and participants in the gig economy, await Tennessee's processing of enhanced unemployment benefits funded by Uncle Sam.
An entire nation washing its collective hands for 20 seconds each, numerous times a day, burns through a lot of soap.
Midsouth Makers is scaled up to continue production for as long as it's needed, members say. Their only worry is that the supply chain for 3-D printer filament may break down.
With a number of large commercial spaces sitting open along the busy U.S. 64/Stage Road corridor in Bartlett and the Wolfchase area, and new commercial development underway at the southwest corner of Stage and Germantown Road, the race is on as property representatives search for the right fit for those empty spaces.
Some local golf courses are open but imposing social-distancing precautions.
Local professionals give advice for small businesses hurt by coronavirus plague and steps businesses can take to get needed capital.