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Business

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  • Business

    Downtown’s forgivable loan program grows by $60,000

    The Center City Development Corp. has added $60,000 to the money available to help small Downtown businesses survive the effects of COVID-19.

    By Tom Bailey April 21, 2020
  • Business

    Waste Connections pursues Plan B for expanding Whitehaven operation

    The City Council last year rejected a solid waste company's plan to expand operations in Whitehaven. Now the firm plans to enlarge operations in a way that does not need City Hall approval.

    By Tom Bailey April 21, 2020
  • Real Estate

    Chick-fil-A coming to Summer Avenue

    The site is where the Grimes Memorial United Methodist Church building was closed and demolished last year.

    By Tom Bailey April 21, 2020
  • Update Financial Services

    Update: First Horizon adds $135M to loan loss provision in Q1

    Memphis banking company expects to close on its $3.9 billion merger with Iberiabank by the end of the second quarter.

    By Christin Yates April 21, 2020
  • Business

    Some restaurateurs are ready to open, say sooner is better than later

    With Tennessee’s safer-in-place order expiring April 30, many restaurants will reopen. Memphis and Shelby County will set a local schedule, but some restaurateurs want to open soon.

    By Jennifer Biggs April 21, 2020
  • Update Financial Services

    Update: Pinnacle earnings down in first quarter

    Return on average assets and on common equity fall sharply in the first quarter as Pinnacle boosted reserves for loan losses by $86 million.

    By Christin Yates April 21, 2020
  • Real Estate

    Safe houses: Real estate agents adapt to COVID-19

    The real estate industry is deemed an essential business and is still operating during the pandemic. But agents are taking such safety precautions as hosting live, virtual open houses and arranging drive-by closings. 

    By Tom Bailey April 21, 2020
  • Financial Services

    BancorpSouth beats estimates in Q1, focuses on navigating COVID-19

    BancorpSouth records $46 million provision for loan losses as COVID-19 increases loan volume under CARES Act.

    By Christin Yates April 20, 2020
  • Health Care

    Local lab will begin antibody testing Tuesday

    American Esoteric Laboratories in Memphis will begin processing blood samples Tuesday to see if people who had COVID-19 and recovered developed antibodies that may give them immunity.

    By Jane Roberts April 22, 2020
  • Transportation & Logistics

    Another FedEx unit temporarily trims workforce due to COVID-19

    FedEx Office, the Dallas-based printing and office services retail outlet of FedEx Corp., is furloughing some employees because of business slowdown during COVID-19 pandemic.

    By Wayne Risher April 21, 2020
  • Business

    Herrington: Local book, record shops ‘essential’ to the city we want to keep

    These are not just places to go to find a thing you know you want. They are places to be. To share space with people who share your affinities. They are at their best when you go in just to browse and a book or record finds you. 

    By Chris Herrington April 20, 2020
  • Business

    Tipping Point: Memphis company creates eco-friendly water recycling system

    “Our system isn’t toxic and will eventually break down. This is important because the more stuff you put in landfills, the more likely it is that it will leach down into your water,” says Glanris CEO Bryan Eagle.

    By Anna Cox Thompson April 20, 2020
  • Real Estate

    Space odyssey: Exploring the future of Memphis offices after COVID-19

    Will demand for space in office buildings go up or down as a result of COVID-19? How does a company balance teamwork and social distancing in designing its floor plan? We picked the brains of several leaders in the world of Memphis office buildings.

    By Tom Bailey April 20, 2020
  • Transportation & Logistics

    E-commerce growth pace expected to quicken because of COVID-19

    Experts expect the surge in e-commerce during the coronavirus pandemic to be a permanent fixture going forward.

    By Wayne Risher April 20, 2020
  • Business

    Crazy COVID crisis leads to cockatoo caper for new company

    When you start a company that does odd jobs, sometimes you get an odder one than you expected: Two Broke Bartenders can now claim to be cockatoo couriers.

    By Jennifer Biggs April 20, 2020
  • Business

    Techies among us invited to virtual hackathon, starting Monday

    Organizers at the FedEx Institute suspect the session could pack a wallop: Some 3,800 people are registered with Meetup.com’s Memphis Technology Users Group. 

    By Jane Roberts April 19, 2020
  • Business

    Local leaders face ‘challenge’ of how and when to reopen economy

    Behind the Saturday trial opening of the city-owned Links at Whitehaven course is a lot of jockeying for positions by local businesses that want to be in the first wave of reopenings — from elective medical procedures by doctors to car washes and barber shops and nail salons to restaurants. 

    By Bill Dries, Abigail Warren April 18, 2020
  • Financial Services

    Small businesses left empty-handed as Paycheck Protection funds run out

    As Congress debates adding more funds to the Paycheck Protection Program, many small businesses try to hang on.

    By Christin Yates April 17, 2020
  • Business

    Downtown agency rushes love and money to distressed businesses

    Twenty Downtown businesses severely impacted by the coronavirus pandemic have now received forgivable loans totaling $135,000.

    By Tom Bailey April 17, 2020
  • Health Care

    Saint Francis announces furloughs; experts say other hospitals have few choices

    Elective surgery bans — in place in Tennessee since March 19 — have left big holes in hospital budgets. Outpatient procedures account for about 45% of hospital revenue in Memphis.

    By Jane Roberts April 17, 2020
  • Transportation & Logistics

    Cruise line sets 2022 debut of Viking Mississippi

    The Viking Mississippi, a 386-passenger, custom-built vessel, is scheduled to begin cruising the Mississippi River in August 2022.

    By Wayne Risher April 17, 2020
  • Business

    Jobless claims slow, climb past 44,000 in Memphis area

    Tennessee reported jobless claims from the Memphis area rose 12,216 in the week ending April 11, making a four-week total of 44,571 since COVID-19 settled in.

    By Wayne Risher April 16, 2020
  • Financial Services

    Latest Beige Book not optimistic, but ‘not surprising’

    The questions of how bad the economy could get still persist, making future Beige Book reports important for signs of how long the carnage could last.

    By Christin Yates April 16, 2020
  • Business

    Seniors more vulnerable to scams during pandemic

    In today’s coronavirus crisis, crooks impersonating the government promise seniors government grants and stimulus payments in exchange for an upfront fee or confidential information they’ll use to commit identity theft.

    By Randy Hutchinson April 16, 2020
  • Health Care

    The poor, African Americans face worst of coronavirus

    In Memphis, 75% of the fatal cases have been African Americans. The underlying health disparities that make them vulnerable aren't new; coronavirus reveals the repercussions.

    By Jane Roberts April 16, 2020

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