Ray’s Take: According to an article in Millennial Money, Americans spend over $70 billion each year on lottery tickets. The average U.S. household spends over $800 a year on these tickets to fantasyland. The article explained that if these people had invested their $800 into the Vanguard Total Stock Market Index Fund for a 10-year period, they would have over $13,000 to call their own. But instead, they find themselves poorer.

Runway 901, a bar and grill near gate A23 at Memphis International Airport, has extended its employee discount to Transportation Security Administration workers for the duration of the federal government shutdown.

Children’s clothing retailer Gymboree Group Inc. has filed for Chapter 11 bankruptcy protection and will close all Gymboree and Crazy 8 stores, including five in the Memphis market.

The Hilton Garden Inn Memphis Downtown, with 150 guest rooms on seven stories and a bar called The Greyhound, pays homage to the site's past as the Greyhound Bus Station.

Although LEDIC announced its Memphis headquarters more than three years ago, it is just now getting started. 

Painted Tree Marketplace makes its Memphis debut on Jan. 25 when it opens in the Wolfchase area. It might be described as an upscale, curated flea market, with most of the products being new.

Sears Holdings Corp. Chairman Eddie Lampert has won a $5.2 billion bid for the bankrupt Illinois-based retailer that could help keep some stores open.

The Commons at Dexter Lake in Cordova is getting a new tenant, I-Pop Gourmet Popcorn, which is leasing 1,393 square feet, Weingarten Realty announced Thursday, Jan. 17.

The FedEx specialty services unit led by the company founder's son, Richard W. Smith, has been rebranded as FedEx Logistics. It was formerly FedEx Trade Networks.

Instead of hiding indoors and waiting for spring, make a winter weekend escape to one of these five destinations – all with nonstop flights from Memphis.

The Port of Memphis will significantly expand rail service to the public terminal on Presidents Island with a $1.7 million state grant.

Pinnacle Financial Partners finishes off a strong year with 29 percent growth in net earnings for the fourth quarter.

A 20-year broadcast media sales manager has accepted a newly created position at the Greater Memphis Chamber. 

A new industrial developer is entering the Memphis area market with a new spec building on Airways Boulevard in Southaven.

Memphis-based law firm Harris Shelton Hanover Walsh PLLC is expanding its West Tennessee presence with the opening of a Tipton County office.

Bass, Berry & Sims PLC has added two new shareholders in its Memphis office.

Have you ever wondered how your website is doing in the SERPs? What about your PPC? Are you getting a good CPA? What about the CPM? Are you tracking all of your KPIs?

Local employers are working together to ensure their employee health benefit plans offer the same affordability and access to mental health services as they do to primary care. 

New leaders will continue NAREB-Memphis' mission to increase homeownership for African-Americans and help members build wealth. 

PharMEDium, a mass-production compounding pharmacy that has had regulatory issues, has filed notice of plans for a layoff at its Memphis facility effective March 12.

The University of Memphis has renovated the former library on Highland Street into the first phase of an effort to drive more companies to the University District. 

Memphis-based FedEx Express and Israel's Flying Cargo Group said Tuesday that FedEx plans to buy Flying Cargo's international express business.

National retailer JOANN Fabric and Crafts is opening in the Shops of Forest Hill. The store is opening adjacent to Sprouts Farmers Market and hopes to be in operation this fall.

Downtown bar and restaurant Carolina Watershed will be renovated this week so it can host more private events and will change hours of operation.

Downtown incentives are sought for renovation of Main Street section of Ambassador Hotel and a 1920s warehouse in the South End and development of Grind City Brewery in Uptown.