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Business

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  • Business

    COVID-19 field hospital conversion underway on Union Avenue

    About 500 people are working to meet the May 14 deadline for opening a makeshift hospital to handle overflow patients in the coronavirus pandemic.

    By Jane Roberts April 26, 2020
  • Real Estate

    46 Downtown businesses given $260,000 to help survive pandemic

    Sixty-three percent of the 46 Downtown businesses receiving the forgivable loans were minority and women-owned business enterprises (MWBE).

    By Tom Bailey April 25, 2020
  • Business

    Doctor recovers, gives first serum donation at Methodist University

    Methodist is participating in a study the Food and Drug Administration is conducting with Mayo Clinic, giving COVID-19 patients serum from those who have recovered from the disease.

    By Jane Roberts April 24, 2020
  • Business

    Financial Literacy Month is different this year

    It’s not necessary to tell kids how much you make, but you can explain how you work to earn an income, how circumstances might change the amount you earn, and how you have to make choices about how to spend that limited income.

     

    By Douglas Scarboro April 24, 2020
  • Transportation & Logistics

    Airport explores downsizing to single concourse during pandemic

    FedEx's landing fees will help Memphis International Airport balance its budget amid discussion of putting all passenger airlines in a single concourse until traffic rebounds from COVID-19.

    By Wayne Risher April 23, 2020
  • Business

    Self-reflection key for small business owner

    Eclectic Eye owner Robbie Johnson Weinberg is using writing and Facebook to share her emotional vulnerability amid pandemic concerns. 

    By Drew Hill April 23, 2020
  • Transportation & Logistics

    Memphis airport’s $300 million de-icing project forges ahead

    Memphis International Airport's mammoth, 3.3 million square foot de-icing facility will dwarf one completed last year at Chicago O'Hare. 

    By Wayne Risher April 23, 2020
  • Business

    Memphis area jobless claims tick up slightly

    Tennessee's jobless claims from the Memphis area rose slightly in the week ending April 18 and totaled 56,932 since coronavirus-related business closings began in mid-March.

    By The Daily Memphian Staff April 23, 2020
  • Business

    UTHSC takes huge strides in battle to ramp up testing

    The campus developed a free test, and put it in play at Tiger Lane; now it's adding ‘cub’ sites to the mix.

    By Jane Roberts April 23, 2020
  • Premium Real Estate

    Memphis industrial activity ‘solid’ in early 2020

    Despite the beginnings of what will likely be a pandemic-caused recession, the industrial vacancy rate for the first three months in the Memphis area was 6.5%. That is below the five-year average of 7.8%.

    By Tom Bailey April 23, 2020
  • Real Estate

    A fence of shipping containers deters theft, violates zoning

    The owner of a Whitehaven tire and repair shop is searching for a way to store and protect his inventory from theft in a way that does not violate zoning.

    By Tom Bailey April 22, 2020
  • Business

    BuyTime enables experts to be compensated for consulting time

    Hosts can name the price for their time, but anyone can be a buyer and anyone a host.

    By Christin Yates April 23, 2020
  • Business

    Mueller Industries reports jump in earnings, COVID-19 turbulence

    Q1 earnings more than doubled from a year earlier, but Mueller Industries warned Tuesday, April 21, coronavirus is expected to take a big bite out of April-June results.

    By Wayne Risher April 23, 2020
  • Health Care

    Stryker, Wright Medical closing in on deadline for $5.4B deal

    The clock is ticking on medical device maker Stryker's $30.75 a share offer to buy Memphis-grown Wright Medical and boost Stryker's position in the global orthopedic surgical products market.

    By Wayne Risher April 22, 2020
  • Real Estate

    $65,000 in forgivable loans approved for 13 Downtown businesses

    The Center City Development Corp. has now approved about $200,000 in forgivable loans for 33 Downtown businesses. 

    By Tom Bailey April 22, 2020
  • 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

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