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China, a Major Bitcoin Source, Considers Moving Against It

NYT Technology - Tue, 04/09/2019 - 18:31
China, whose initial enthusiasm about cryptocurrencies has waned, may order its local governments not to support the industry.

How to Go Paperless in Your Home Office

NYT Technology - Tue, 04/09/2019 - 16:30
Here’s how to save your tax records digitally so you can get rid of the paper in your home office.

Square Feet: As Office Tenants Expect More Tech, Even the Windows Get Smart

NYT Technology - Tue, 04/09/2019 - 15:43
To stay competitive, developers and landlords are being driven to add telecommunications infrastructure, video screens and, yes, glass that tints itself automatically.

BofA to raise minimum wage to $20 an hour

Memphis Business Journal - Tue, 04/09/2019 - 14:58
Bank of America Corp. (NYSE: BAC) announced Tuesday it will raise its minimum wage to $20 an hour by 2021. Starting May 1, BofA's minimum wage will increase to $17 an hour. Wages will continue to rise until they reach $20 an hour in 2021, the bank said. “We are raising our minimum wage because we believe that to best serve our customers and clients, we need the best teams,” said Sheri Bronstein, chief human resources officer, in a statement. “Saying thank you, celebrating great work, and…

Lowe's exec: FedEx bot could mitigate logistics challenges

Memphis Business Journal - Tue, 04/09/2019 - 14:27
Your neighborhood Lowe’s just got a lot closer. When Memphis-based FedEx Corp. rolls out its new autonomous delivery bot — the FedEx SameDay Bot — Lowe’s will be one of its first retail partners.   The Memphis Business Journal recently spoke with Donald Frieson, executive vice president of supply chain for Lowe’s, who said the bot could be a timesaver for both professional and DIY customers and could also mitigate larger industry challenges. “If you think about what's happening…

'Hot Biscuits' coming to Wolfchase area

Memphis Business Journal - Tue, 04/09/2019 - 13:42
A new restaurant is apparently in the works near Wolfchase Galleria. A $200,000 building permit was filed April 5 for Memphis Hot Biscuits. The address on the permit was 2798 New Brunswick Road, near U.S. 64. The contractor is Ybos & Sons Construction Inc. The owner of the property is Charles Boone, according to the Shelby County Register of Deeds' website.

Hilton to open three new local hotels this year

Memphis Business Journal - Tue, 04/09/2019 - 13:33
“The hotel footprint in Memphis will continue to be very critical."

City seeks operator of $40M sports facility

Memphis Business Journal - Tue, 04/09/2019 - 12:38
One of the main reasons behind the City of Memphis' desire to rehabilitate the Mid-South Fairgrounds is its desire to have a best-in-class youth sports facility. And now, months after the state gave the go-ahead for a Tourism Development Zone (TDZ) at the Fairgrounds, the City is seeking someone to run that sports facility once its built. The $40 million sports complex is part of a more than $100 million redevelopment of the Fairgrounds, which will include a private mixed-use facility. An RFQ for…

Travel Tips: The Key to Cheap Internet Service: A Local SIM Card

NYT Technology - Tue, 04/09/2019 - 10:43
Want cheap data and phone calls when you’re abroad? Here’s how.

Poplar Arts Lofts, Barksdale apartments in Midtown move forward

Memphis Business Journal - Tue, 04/09/2019 - 09:51
With a pair of votes Tuesday, April 9, the Center City Revenue Finance Corporation (CCRFC) approved tax incentives for 118 new apartment units in Midtown. The CCRFC approved PILOTs (payment-in-lieu-of-taxes) for both the Poplar Arts Lofts and a redevelopment 189 S. Barksdale St. The Poplar Arts project is the planned redevelopment of property at the southeast corner of Tucker Street and Poplar Avenue that used to be owned by the Memphis College of Art. If completed, the Poplar Arts Lofts would…

Why and how Townhouse wants to slim down Memphis' tallest tower

Memphis Business Journal - Tue, 04/09/2019 - 06:09
Townhouse’s director of development Paul Steenson told the MBJ why and how his company would shear 20 feet off of 100 North Main's width.

Shelby County Commission kicks in $150k, likely for econ development hires

Memphis Business Journal - Tue, 04/09/2019 - 05:49
After 50 minutes of debate and questions about accountability and return on investment, the Shelby County Commission reluctantly gave $150,000 to the Economic Development Growth Engine (EDGE) for Memphis & Shelby County. With that vote on Monday, April 8, Shelby County will likely include funding for new "case manager positions" at EDGE in its upcoming budget. The new positions, as the Memphis Business Journal has previously reported, are intended to help Memphis-area companies wanting to expand…

Pinterest Dials Down Expectations as I.P.O. Nears

NYT Technology - Mon, 04/08/2019 - 17:25
The digital pin board company set a price range for its I.P.O. that would value the business below its last private market valuation of $12 billion.

Wikipedia Isn’t Officially a Social Network. But the Harassment Can Get Ugly.

NYT Technology - Mon, 04/08/2019 - 17:01
Unlike at social networks such as Facebook and Twitter, the people who respond to reports of harassment are largely unpaid volunteers.

Market Share: Indigo Ag permit; Collierville residences

Memphis Business Journal - Mon, 04/08/2019 - 14:40
Work on Indigo Ag's new Downtown headquarters continues to roll on.

Memphis wants more scooters, bikes on the road

Memphis Business Journal - Mon, 04/08/2019 - 14:24
The City of Memphis would like to see about 1,200 more scooters, bikes, or other shared mobility options available for rent on local streets. In a news release April 8, the City asked shared mobility operators — scooter companies and bike share firms — to apply to be among the new companies that will be permitted to operate in Memphis. The City's news release said that three current operators — Bird, Lime, and Explore Bike Share — have a cumulative fleet of about 1,750 devices; the city…

Why two companies are vying to build Memphis' new convention center hotel

Memphis Business Journal - Mon, 04/08/2019 - 13:58
Why the City of Memphis is now facing two proposals for new convention center hotels less than a block away from each other.

Methodist Foundation's Paula Jacobson to retire

Memphis Business Journal - Mon, 04/08/2019 - 13:19
"I will really miss the [Methodist] system, the work that we do, and the 14,000 associates. Being part of that has been really special."

Baltimore files class action lawsuit against several banks, including First Tennessee

Memphis Business Journal - Mon, 04/08/2019 - 13:13
Baltimore officials have filed a class-action anti-trust lawsuit against several large banks charging conspiracy based on price-fixing of mortgage debt. The suit was filed April 4 by City Solicitor Andre M. Davis in U.S. District Court. It charges that the banks in part controlled limited financial pathways to mortgage lending based on the sale and purchase of debt bonds issued by the Federal National Mortgage Association, or Fannie Mae and Federal Home Loan Mortgage Corp., or Freddie Mac. Defendants…

Call for Nominations: Best Places to Work and HR Impact Awards

Memphis Business Journal - Mon, 04/08/2019 - 12:49
What makes a company a great place to work? Is it the culture? The work perks? A clear path for advancement? Whatever the combination might be, companies of all shapes and sizes strive daily to provide employees with that perfect mix. And each year, the Memphis Business Journal highlights local businesses that have achieved that balance as part of its Best Places to Work and HR Impact Awards. Nominations are now being accepted for the 2019 awards, which will be held Friday, Oct. 11. The deadline…

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