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Top 100: 'America’s appetite for e-commerce' drives Memphis firm's massive growth

Memphis Business Journal - 6 hours 49 min ago
Massive appetite for e-commerce is driving growth at Diversified Conveyors.

Family-owned donut biz set to open in Germantown location

Memphis Business Journal - 6 hours 57 min ago
Until the brick-and-mortar version opens, area residents may encounter a food truck encouraging them to "Donut worry. Be happy."

Buy Low-Tops, Sell High-Tops: A Sneaker Exchange Is Worth $1 Billion

NYT Technology - 9 hours 18 min ago
StockX is one of several online marketplaces that have turned resales of shoes into a big — and highly valued — business.

U.S. Tech Companies Sidestep a Trump Ban, to Keep Selling to Huawei

NYT Technology - Tue, 06/25/2019 - 22:41
Chip makers’ deals underscore how difficult it is to clamp down on companies that the administration considers a national security threat.

Regulators Have Doubts About Facebook Cryptocurrency. So Do Its Partners.

NYT Technology - Tue, 06/25/2019 - 18:28
The social media company said it had signed 27 partners to its Libra project. But executives at some of those companies said they were approaching it warily.

FedEx earnings highlight year of 'both challenge and change'

Memphis Business Journal - Tue, 06/25/2019 - 16:37
The best news FedEx had to share in the past 24 hours might have been that it was suing the U.S. Department of Commerce. Its quarterly and annual earnings, released after the markets closed Tuesday, June 25, were not so rosy. FedEx reported $1.32 billion in operating income during Q4 2019, down year-over-year from $1.33 billion in Q4 2018 (all figures in this story are GAAP reported earnings). Income took a hit from lower revenues generated by FedEx International Priority package and freight at…

City selects Fairgrounds developer

Memphis Business Journal - Tue, 06/25/2019 - 14:54
After an RFQ process, the City of Memphis has picked the developers it wants to transform the northern end of the Mid-South Fairgrounds into a mixed-use development. Memphis-based M&M Enterprises and Connecticut-based Belpointe REIT will develop the 18 acres with at least 30,000 square feet of retail and 80 hotel rooms, the city announced Tuesday, June 25. The project could also possibly include apartments, but M&M founder James Maclin declined to discuss the number of retail bays, hotel rooms,…

FedEx v. feds: Why the company feels it's 'between a rock and a hard place'

Memphis Business Journal - Tue, 06/25/2019 - 14:52
We read FedEx's 31-page lawsuit so that you don't have to.

Market Share: Downtown project lands $43 M mortgage; Nike embarks on $5 M renovation

Memphis Business Journal - Tue, 06/25/2019 - 14:11
A $43 million mortgage was filed for the long-awaited development earlier this month.

Amazon to boost Prime Air with 15 more 737 cargo jets

Memphis Business Journal - Tue, 06/25/2019 - 14:09
The addition of 15 cargo jets will bring Amazon's fleet to 20 737s that are leased from General Electric, adding to the five others that were leased earlier this year.

Executive Health: Sweating a deal gets new meaning

Memphis Business Journal - Tue, 06/25/2019 - 11:37
Today's most health-conscious executives and entrepreneurs are finding ways to bring business and fitness together.

Mitsubishi bringing North American headquarters to Tennessee

Memphis Business Journal - Tue, 06/25/2019 - 11:36
After two decades in California, Mitsubishi is uprooting its North American headquarters and moving it to a Middle Tennessee suburban corporate office hub. Mitsubishi Motors North America Inc. is coming to Franklin, the company announced Tuesday. The automaker is bringing about 200 jobs as part of its $18.25 million investment — spanning all corporate departments, from legal and finance to IT, sales and dealer operations. The arrival of Mitsubishi expands the region's presence in the automotive…

Memphis hair care manufacturer grows with new brand extension

Memphis Business Journal - Tue, 06/25/2019 - 10:56
A Memphis-based manufacturer of multicultural hair and skin products is expanding, with the acquisition of several new brands. Ampro Industries Inc. bought the Long Aid, Ultra Glow, Better Braids, Better Locks, K7, and Apex brands from Keystone Laboratories Inc., which is also based in Memphis. Keystone ran into trouble last year after the U.S. Department of Justice filed a complaint on behalf of the Food and Drug Administration (FDA) alleging that Keystone did not "adequately investigate sources…

SpaceX’s Falcon Heavy Deploys Dozens of Satellites to Orbit

NYT Technology - Tue, 06/25/2019 - 09:10
The powerful rocket is carrying an assortment of cargo, including a solar sail, an atomic clock and the ashes of 152 people.

SBA Spotlight: How TopCat Masonry is redefining the construction industry (video)

Memphis Business Journal - Tue, 06/25/2019 - 08:03
In May, the Memphis Business Journal honored its 2019 Small Business Awards finalists at a special ceremony. In the coming weeks, MBJ will release spotlight videos, created by Prodigi Arts, on each of those companies. TopCat Masonry Contractors LLC was the winner in the more than 40 employees category. Founded in a living room in 1997, TopCat Masonry Contractors LLC are doing their part to redefine the construction industry. Frustrated with how the construction industry treated employees, Briggette…

FedEx sues feds over regulations: 'FedEx is a transportation company, not a law enforcement agency'

Memphis Business Journal - Tue, 06/25/2019 - 08:00
The situation that put FedEx in dutch with China is now going to court. FedEx Corp. filed a complaint June 24 in the United States District Court for the District of Columbia, seeking an injunction against the U.S. Department of Commerce for its regulations against shipping packages prohibited by the Export Administration Regulations (EAR). FedEx has been ensnarled by EAR-related controversies twice in the past month after the U.S. ban on some shipping circumstances related to China-based Huawei,…

Taxi Officials Are Grilled Over Lending Crisis: ‘This Is a Moral Outrage’

NYT Technology - Tue, 06/25/2019 - 07:23
In an emotional City Council hearing, lawmakers said New York officials could have stopped exploitative loans that have devastated thousands of cabdrivers.

How E-Commerce Sites Manipulate You Into Buying Things You May Not Want

NYT Technology - Mon, 06/24/2019 - 15:53
Research released this week finds that many online retailers use so-called dark patterns to influence what shoppers decide to purchase. Cracking down on the practice could be difficult.

The Bug That Crashed New York’s Wireless Network

NYT Technology - Mon, 06/24/2019 - 15:50
Despite warnings, New York City’s technology managers were blindsided by the so-called GPS rollover, failing to install simple but necessary upgrades.

Found After a Kabul Attack: A Soviet Rifle With a Peculiar Serial Number

NYT Technology - Mon, 06/24/2019 - 14:46
At the site of an ISIS attack in Afghanistan, authorities recovered a firearm that was likely engineered by the Soviets in the 1950s.

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