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Bits: The Week in Tech: How Much Regulation Is Too Much?

NYT Technology - Fri, 03/15/2019 - 08:00
Knowing how far to go in curbing Big Tech’s power might not be as straightforward as it first seems.

Best of the Bar finalists and winner: Private Firm-Extra Large category

Memphis Business Journal - Fri, 03/15/2019 - 06:00
Best of the Bar Private Firm-Extra Large category: David Bearman, Baker Donelson; Geoffrey Hirsch, Butler Snow; Jonathan Kaplan, Littler Mendelson; Gabriel McGaha, Fisher Phillips; and Clarence Wilbon, Adams and Reese.

Editorial: 'Affordable' rentals come with a price

Memphis Business Journal - Fri, 03/15/2019 - 05:00
If “affordable” apartments aren’t obtainable for a large swath of the population, can we afford to use that word?

Hardiman-splaining: How to monetize your daily annoyances

Memphis Business Journal - Fri, 03/15/2019 - 05:00
You could be making money the next time you and everyone else is stuck behind a train.

What’s Driving Automakers Out of Europe?

NYT Technology - Fri, 03/15/2019 - 02:00
Blame has been cast on events like Brexit, but there are other changes that are reshaping the industry globally.

Tesla Unveils the Model Y, Its New S.U.V., Amid Mounting Challenges

NYT Technology - Fri, 03/15/2019 - 01:04
Elon Musk’s electric car company is broadening its vehicle offerings as it looks to increase sales in difficult markets like China and Europe.

Facebook Loses Top Executives, Including Chris Cox

NYT Technology - Thu, 03/14/2019 - 19:31
Chris Cox, who is one of the social network’s highest ranking executives, and Chris Daniels, head of WhatsApp, are leaving Facebook.

Facebook’s Daylong Malfunction Is a Reminder of the Internet’s Fragility

NYT Technology - Thu, 03/14/2019 - 18:35
The incident, which also affected WhatsApp and Instagram, was caused by a small mistake that led to big problems.

Jackson Toyota plant to add workers, see millions in investment

Memphis Business Journal - Thu, 03/14/2019 - 14:48
Jackson's Toyota plant, which manufactures engine blocks for the Japanese car manufacturer, could see its workforce expand by 10 percent with $50 million in new investment, the company said Thursday. Toyota announced March 14 it would invest another $50 million in the Jackson, Tennessee, facility. That $50 million will be used to expand the plant, which is currently about 450,000 square feet, by another 67,000 square feet. The expansion will allow the plant to double its production capacity for…

Cover story: The high cost of affordable apartments

Memphis Business Journal - Thu, 03/14/2019 - 14:41
Memphis is known as having a low cost of living and plenty of affordable housing. But, try telling that to local renters.

Bill extending deadline for Downtown Loews clears House

Memphis Business Journal - Thu, 03/14/2019 - 14:22
The proposed Downtown Loews Hotel just got a little closer to reality, or at least a little more wiggle room. The Tennessee House of Representatives passed a bill March 14 that extends the deadline for the large hotel to be operational in order to receive financing from a Tourism Development Zone (TDZ). The previous deadline for the hotel to be operational was by the end of 2022; now, the deadline is the end of 2024. Provided it gets Gov. Bill Lee's signature, the bill's passage Thursday gives…

National oncology group honors local for 'exceptional achievement'

Memphis Business Journal - Thu, 03/14/2019 - 14:08
Dr. James Downing has set St. Jude Children’s Research Hospital on a $7 billion, six-year path to combat cancer on a global scale. Due to that work and his contributions as a researcher and CEO in the field of pediatric cancer, the American Society of Clinical Oncology (ASCO) has selected Downing for its 2019 Pediatric Oncology Award and Lecture. ASCO is honoring Downing for his “exceptional achievement, outstanding work, and dedication to this field and advancing care for pediatric patients…

Announcing MBJ's 2019 Small Business Awards finalists

Memphis Business Journal - Thu, 03/14/2019 - 13:28
The 30 million small businesses in the country make up 99.9 percent of all companies, and they employ 47 percent of all workers. These stats from the U.S. Small Business Administration leave little doubt that small businesses are foundation of the economy. Since 1980, Memphis Business Journal has honored local standout small businesses that have achieved continued growth and profitability at our annual Small Business Awards. We are proud to announce the latest class of Small Business Awards finalists. To…

Ask the Accountant: Can you clarify the new business interest expense limitation?

Memphis Business Journal - Thu, 03/14/2019 - 13:24
The TCJA now limits deductions for business interest expense to an amount that is equal to interest income plus 30 percent of the taxpayer’s adjusted taxable income (essentially EBITDA through 2021, thereafter EBIT). Any business interest expense that exceeds the new Section 163(j) limit is carried forward indefinitely. The modifications to Section 163(j) apply to all businesses except those that are specifically exempt. There are five categories of exempt businesses: The trade of business of…

Best of the Bar finalists and winner: Private Firm-Large category

Memphis Business Journal - Thu, 03/14/2019 - 12:30
Best of the Bar Private Firm-Large category finalists: Stewart Austin, Glankler Brown; Joe Getz, Evans Petree; Tannera Gibson, Burch, Porter & Johnson; Richard Mattern, Bass, Berry & Sims; and Corey B. Trotz, Nahon, Saharovich & Trotz.

After acquisition, Memphis-based aerospace company takes off

Memphis Business Journal - Thu, 03/14/2019 - 12:18
The four owners saw an opportunity to take what they described as a little mom-and-pop-type shop, right the ship, and give it a boost.

New bakery to open in Regalia Shopping Center

Memphis Business Journal - Thu, 03/14/2019 - 12:12
A Memphis woman who has helped provide second chances and even first opportunities for at-risk teens through her home bakery is now in the process of opening a retail bakery and café. Lauren Young, founder and owner of Sweet LaLa’s Bakery, will be opening her brick-and-mortar location in the Regalia Shopping Center at 6150 Poplar Avenue on March 21. “This has always been a long-term dream of mine since working in a bakery in Nashville when I was younger,” Young said. “We needed a place…

Gains in City's MWBE spend based on incorrect data

Memphis Business Journal - Thu, 03/14/2019 - 11:06
In his State of the City speech 46 days ago, Memphis Mayor Jim Strickland said city spending with minority-and-women-owned enterprises (MWBE) had doubled to 24 percent. Then, in a recent string of tweets listing various successes under Strickland, the City of Memphis claimed it had seen a 98 percent increase in MWBE spending. The City of Memphis has seen no such jump. The numbers Strickland cited in January and the City tweeted about more recently were calculated using faulty data that didn’t…

Facebook, Instagram and WhatsApp Go Down. At the Same Time.

NYT Technology - Thu, 03/14/2019 - 04:58
All three services experienced interruptions throughout the day on Wednesday. Grief and chaos ensued.

SoftBank and Other Investors May Buy $1 Billion Stake in Uber’s Self-Driving Cars

NYT Technology - Wed, 03/13/2019 - 19:36
The talks precede Uber’s initial public offering and may ease worries about how costly it is to develop autonomous vehicles.

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