The Federal Open Market Committee voted Wednesday afternoon to lower the federal funds rate by 0.25% to a range of 2% to 2.25%.

Developer Tom Intrator's 18Main will partner with New York-based Dream Hotel Group on a Dream Memphis hotel at 122 South Main, site of Royal Furniture's Downtown store and headquarters.

Il Hwan Kim, an assistant professor at the University of Tennessee Health Science Center, has been awarded more than $1.5 million for research that could eventually help patients with disorders such as schizophrenia and autism.

Methodist Le Bonheur is raising its minimum wage as part of series of changes to help fight poverty in Memphis. 

UTHSC researcher Siamak Yousefi has landed a $500,000 grant for a project that uses artificial intelligence to catch glaucoma early.

Varsity Spirit has acquired a pair of companies to help expand its band division.

A realignment of McIngvale Road in Hernando will soon be under construction, clearing the way for a new interchange with Interstate 269.

The Student Leader program, which began in 2005, is in 90 Bank of America markets, but 2019 marks the inaugural year for the Memphis market.

Two options will be presented at a public meeting for developing a long-vacant, nine-acre mound created for a section of Interstate 40 that was never completed.

In 2017, the largest simultaneous ransomware attack ever affected tens of thousands of organizations in 74 countries, including FedEx’ Memphis operations. Collierville's town computer system was the target of a ransomware attack in July.

University of Memphis researchers use seepage meters to study possible breaches into the Memphis Aquifer along the Wolf River. 

The diverse Medical District spends a week getting people out of their offices and routines to see the sights and meet the folks.

Nancy Coffee is the new senior vice president of the Greater Memphis Chamber’s Chairman’s Circle, the chamber announced Friday.

The city's selection process has reduced to 10 the number of proposals for repurposing Rust Hall and the Memphis Brooks Museum of Art building.

Cotton industry hosts Indonesian textile execs in tour that includes Memphis.

Don Glays has been named president of the Tennessee Builders Education Foundation, a recently formed nonprofit that aims to correct the shortage of skilled workers in West Tennessee by reintroducing career technical education into local high schools.

ALSAC/St Jude has a message for every audience; the one no one will miss is how much fun the tournament is for the kids.

College students who attended a New Memphis Launch Session hosted by the Grizzlies learned there are also roles they can play in human resources, communications and IT to make the show go on.

A Florida-based boutique gym called Blitz 45 will share space in University Place shopping center with the Midsouth Wellness Center clinic for chiropractic and neuropathy services.

Demand is high for industrial acreage on Presidents Island, and the property that the Navy is giving the Port Commission is the largest available undeveloped tract on the island.

True Temper Sports has rebranded itself as TRUE Sports and will move its 35 headquarters jobs from the suburbs into Downtown's One Commerce Square.

Company that manufactures rehab equipment gives Terry Davis a customized wheelchair with an elevating function. 

Weekdays, Josh Whitehead serves as planning director for Memphis and Shelby County. Weekends, he writes and takes photos for his history blog that has drawn a following. 

Ashley McHugh, Memphis Tourism’s first research director, said it’s “scary and fun” but not particularly creepy mining aggregated data on visitors to figure out where they come from and why.