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Huawei Chief Predicts Sales Will Flatline After Trump Crackdown

NYT Technology - Mon, 06/17/2019 - 14:09
Being cut off from American technology will hurt business at the Chinese company this year and next, Ren Zhengfei said, though he vowed a 2021 recovery.

Fred's files notice to lay off 155 employees in Shelby County, cites 'permanent closure'

Memphis Business Journal - Mon, 06/17/2019 - 12:43
More layoffs are around the corner for local Fred’s employees. The Memphis-based discount retail chain filed a WARN (Worker Adjustment and Retraining Notification) notice with the Tennessee Department of Labor and Workforce Development’s Dislocated Worker Unit June 14. Fred’s informed the state of a “permanent closure” effective Friday, Aug. 9, that would impact 155 workers. It did not disclose which employees will be let go or the departments or facilities where those staffers work.…

Grow Faster, Grow Stronger: Speed-Breeding Crops to Feed the Future

NYT Technology - Mon, 06/17/2019 - 12:26
Plant breeders are fast-tracking genetic improvements in food crops to keep pace with global warming and a growing human population.

Market Share: Out-of-state investors buy suburban apartments, E. Memphis grocery building

Memphis Business Journal - Mon, 06/17/2019 - 12:11
In recent days, out-of-state investors have bought apartment complexes in Bartlett and Southaven and an East Memphis grocery store property.

Emails show EPE was ready to remove soundstages from proposal prior to delays

Memphis Business Journal - Mon, 06/17/2019 - 11:25
MBJ was provided with emails dated before the April 16 council delay, between EPE's attorney and the City of Memphis and Council chairman Kemp Conrad, which show Graceland offered to reduce or even remove the soundstages altogether from the proposal.

Lockheed announces $142M investment for Arkansas rocketry facility

Memphis Business Journal - Mon, 06/17/2019 - 11:10
An Arkansas defense facility is getting a $142 million investment and plans to add more than 300 new jobs over the next few years. Officials with Lockheed Martin Corp. and Arkansas Gov. Asa Hutchinson announced Monday, June 17, that the company is expanding its Camden, Arkansas, facility, which produces the High Mobility Artillery Rocket System (HIMARS) and assembles Integrated Air and Missile Defense (IAMD) and Precision Fires products. “Our facility in Camden is a highly efficient, high-quality…

These Influencers Aren’t Flesh and Blood, Yet Millions Follow Them

NYT Technology - Mon, 06/17/2019 - 10:48
From Calvin Klein to KFC, the rise of the computer-generated influencer on social media.

FedEx partners with Dollar General to expand service in rural communities

Memphis Business Journal - Mon, 06/17/2019 - 09:20
FedEx will expand its drop-off and pickup services thanks to a new partnership with Dollar General. Monday, June 17 the Memphis-based shipping and logistics giant and the Goodlettsville, Tennessee, based retailer announced a strategic alliance. As part of that alliance, thousands of Dollar General stores will begin to offer FedEx drop-off and pickup services as part of FedEx's OnSite program. “Dollar General is the perfect retailer to help us meet the growing need for convenient, secure drop-off…

Exclusive: See the first renderings of proposed Uptown Snuff District

Memphis Business Journal - Mon, 06/17/2019 - 08:52
As master planning continues, preliminary renderings of the American Snuff Co. redevelopment have been released. Benjamin Orgel, one of the members of Keel Street LLC — the ownership group behind the redevelopment of the former American Snuff Co. plant and surrounding, 55 acres of parcels — recently detailed plans for the mixed-use development. Today, Fleming Associates Architects PC provided the Memphis Business Journal renderings of what the area could eventually look like. To see Fleming’s…

Popular pizzeria en route to Memphis’ Edge District

Memphis Business Journal - Mon, 06/17/2019 - 06:40
A fast-growing Nashville-based pizza restaurant is poised to open an Edge District location this fall. Slim and Husky’s Pizza Beeria cofounder Clinton Gray said that Memphis was the most obvious city for expansion, with many residents having eaten at the company’s Nashville highly successful locations. He and the other cofounders have strong connections to the Bluff City, through their years at Tennessee State University. “We had so many friends from the Memphis area … and we would always…

SBA Spotlight: Moving Memphis with My Town Movers (video)

Memphis Business Journal - Mon, 06/17/2019 - 06:33
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. My Town Movers was the winner in the 21 to 40 employees category. While My Town Movers might be in the moving business, the company was actually created to make a difference in the community. Founded in 2013, the company now has 25 employees and is focused on providing a positive…

After Losing His Parents, an Author Wonders: Who and What Is Real?

NYT Technology - Sat, 06/15/2019 - 12:01
In “Picnic Comma Lightning,” Laurence Scott combines a memoir about grief with an investigation into the ways technologies blur the line between public and private.

U.S. Escalates Online Attacks on Russia’s Power Grid

NYT Technology - Sat, 06/15/2019 - 10:16
The Trump administration is using new authority to take more aggressive digital action in a warning to Moscow and in a demonstration of its abilities.

How Data Can Help You Win in the Winner-Take-All Economy

NYT Technology - Sat, 06/15/2019 - 07:00
To adapt to a faster pace of change, it helps to learn how to crunch numbers about whole organizations — and about yourself.

Russia Sought to Use Social Media to Influence E.U. Vote, Report Finds

NYT Technology - Fri, 06/14/2019 - 18:50
A misinformation campaign by groups linked to Russia tried to depress turnout in last month’s parliamentary elections, a European Commission review said.

Sprint and T-Mobile Merger Approval, Said to Be Near, Could Undercut Challenge by States

NYT Technology - Fri, 06/14/2019 - 17:56
Provisions set by the Justice Department, described by people familiar with the plan, could weaken a lawsuit that 10 attorneys general filed to try to block the $26 billion deal.

AutoZone asks for $11M tax break for 130 new jobs, $145 million Downtown expansion

Memphis Business Journal - Fri, 06/14/2019 - 15:42
AutoZone is planning to invest $145 million and add 130 employees in Downtown Memphis. The company, which was a pioneer in Downtown's resurgence, is asking the Economic Development Growth Engine (EDGE) for Memphis & Shelby County for an $11 million tax break for the expansion. The jobs would pay an average of $80,000 per year, according to the corporation's application. The positions would be located in the pair of adjoining South Front Street buildings the corporation bought last year as well…

How Weapons Secrets Often Fall Into Enemy Hands

NYT Technology - Fri, 06/14/2019 - 15:30
When a new weapon is introduced in war, the creator’s adversaries always look for an opportunity to get ahold of it.

More top 10 players commit to play at WGC-FedEx St. Jude Invitational

Memphis Business Journal - Fri, 06/14/2019 - 14:51
Top golfers in the PGA continue to commit to play in Memphis at July's inaugural 2019 World Golf Championships-FedEx St. Jude Invitational. Americans Patrick Cantlay and Xander Schauffele, two of the top 10 players in the world, are the latest names to be added to the field that will be playing at TPC Southwind July 24-28. Cantlay is ranked No. 8 by the Official World Golf Rankings, and Schauffele is currently No. 10. Click the slideshow at the top of the page to see the golfers who have committed…

Aldi sets opening date for new Summer Avenue store

Memphis Business Journal - Fri, 06/14/2019 - 14:35
Aldi is getting ready to open its 11th Memphis area location next month. Aldi, which has had a presence in the area for 14 years, will open a new-build store on Thursday, July 11, at 4720 Summer Ave. Troy Marshall, vice president of Aldi's Mt. Juliet division, said Aldi overall has invested more than $15.2 million in the Memphis metropolitan area. Last year, Aldi purchased the vacant five acres on Summer for $1.5 million. Its former store, at 4508 Summer Ave., closed on May 19, according to a…

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