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Business

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  • Business

    EDGE throws lifeline amid COVID-19 challenges

    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.

    By Wayne Risher July 10, 2020
  • Transportation & Logistics

    FedEx offers COVID-19 tests to its Memphis employees, vendors

    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.

    By Wayne Risher July 10, 2020
  • Real Estate

    Planning board - again - approves Elvis Presley manufacturing site and Cooper-Young four-plex

    After the City Council sent the cases back, the Land Use Control Board for a second time approved two development proposals over the stiff opposition of neighbors.

    By Tom Bailey July 09, 2020
  • Business

    COVID-19 job cuts reach 1 in 4 workers

    Tennessee data showed 53,703 Shelby County residents and 256,645 Tennesseans were receiving unemployment benefits in the week ending July 4.

    By Wayne Risher July 09, 2020
  • Real Estate

    Google taps Southaven for first center of its kind in U.S.

    Google's goal is to hire 100 people by the end of 2020 and open its operations center at 5665 Airways by summer 2021.

    By Tom Bailey July 09, 2020
  • Real Estate

    Senior living, warehouse projects will total $85M, documents show

    Building permit applications have been filed for a $35 million senior living facility in southeast Memphis and a $50 million warehouse near the airport.

    By Tom Bailey July 09, 2020
  • Health Care

    Supreme Court rules employer can deny birth control in health insurance

    Ruling seen as a big election-year victory for President Donald Trump, who counts on heavy support from evangelicals and other Christian groups for votes and policy backing.

    By The Associated Press, Jane Roberts July 08, 2020
  • Business

    PPP loans offset COVID-19 losses for small businesses

    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.

    By Wayne Risher July 08, 2020
  • guest column Business

    Cryptocurrency scams are on the rise

    Consumers who were exposed to a cryptocurrency scam were far more likely to fall for it and lost far more money than the average for all scams. The median loss in a cryptocurrency scam was $3,000 compared to $160 for all scams.

    By Randy Hutchinson July 08, 2020
  • Business

    Post Office decommissioning Front Street Station, 10 years later

    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.

    By Wayne Risher July 08, 2020
  • Real Estate

    Event center proposed near Summer Ave. Corridor

    The applicant proposing The Stratford event center plans several measures to prevent the commercial activity from affecting residences nearby.

    By Tom Bailey July 07, 2020
  • Real Estate

    Raymond James takes another step from Downtown toward E. Memphis

    Building permit applications show Raymond James plans to spend $7.25 million renovating the 1100 Ridgeway Loop building and $6.33 million renovating the 889 Ridge Lake building.

    By Tom Bailey July 07, 2020
  • Health Care

    Pool analysis could cut COVID-19 testing costs in half; Memphis among first to apply

    Pool testing has been used for other diseases for decades; Memphis among first cities to apply for FDA emergency-use approval.

    By Jane Roberts July 07, 2020
  • Premium Real Estate

    Mixed-use development proposed for Poplar Plaza’s corner at Poplar & Highland

    Finard Properties has filed requests with the planning board to transform Poplar Plaza's southeast corner into a mixed-use development. A rendering indicates existing buildings on the corner will be replaced with six- or seven-story structures.

    By Tom Bailey July 07, 2020
  • Financial Services

    Paycheck Protection loan applications resume

    Paycheck Protection Program forgivable loan applications resume with Aug. 8 deadline and nearly $130 billion still left in the program till.

    By The Daily Memphian Staff July 06, 2020
  • Premium Real Estate

    5.11 Tactical aims for Memphis

    The retail chain that serves civilian and professional gun shooters, law enforcement and other first responders has signed a lease in the Market at Wolfcreek, across from Wolfchase Galleria.

    By Tom Bailey July 06, 2020
  • Real Estate

    Soybean field turned Square starts to take shape

    Two of Silo Square's mixed-use buildings, each three stories, are effectively designed as illusions, with a nod to the past. The presence of a kitchen-appliance delivery truck nearby signals that completion of those buildings is within the near future. 

    By Tom Bailey July 06, 2020
  • Premium Transportation & Logistics

    FedEx fights to grow profits in pandemic

    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.

    By Wayne Risher July 06, 2020
  • Premium Business

    Exclusive: Corps of Engineers monitoring Tom Lee makeover

    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.

    By Wayne Risher July 06, 2020
  • Premium Business

    Exclusive: How much will it cost to maintain new Tom Lee Park?

    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.

    By Wayne Risher July 06, 2020
  • Premium Health Care

    Latino people getting tested, but layers of complications persist

    In Shelby County, more than 28% of the people who have tested positive for COVID-19 are Latino. The percentage of positive tests is rising.

    By Jane Roberts July 04, 2020
  • Premium Health Care

    St. Jude ready to mine data science with hire

    Direct from the Laboratory of Molecular Biology in Cambridge, England, Madan Babu will direct the Center of Excellence for Data-Driven Discovery at St. Jude Children's Research Hospital. 

    By Jane Roberts July 02, 2020
  • Premium Real Estate

    Gregory Realty buys Bartlett Station Plaza shopping center

    Hulet and Jackie Gregory this week bought the 85,000-square-foot Bartlett Station Plaza shopping center. Gregory Realty now has about 30 commercial properties and is hunting for more.

    By Tom Bailey July 02, 2020
  • Transportation & Logistics

    FedEx requests NFL ‘team in Washington’ change its name

    FedEx Corp. chairman and CEO Frederick W. Smith is a 10% owner of the team.

    By Wayne Risher, Elle Perry July 02, 2020
  • Business

    More than 57,000 in Memphis area draw jobless pay

    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.

    By Wayne Risher July 02, 2020

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