Memphis Business Journal

One of Music Row's most notable corporate giants is joining advocates in pushing back on controversial state legislation. On Tuesday, Warner Music Group's Nashville chiefs co-wrote a letter to Tennessee Gov. Bill Lee, urging his administration to block three bills that advocates argue pose a threat to members of the state's LGBT community. The company's Nashville teams are led by John Esposito, CEO of Warner Music Nashville; Ben Vaughn, CEO of Warner/Chappell Nashville; and Kris Ahrend, who runs…
Monday, April 22, 2019 - 06:25
Honeywell International Inc. and International Paper Co. have signed a consent decree with federal regulators to clean up mercury, PCBs, and other contaminants from an EPA Superfund site in North Carolina. The settlement documents set the initial “estimated cost of the work” at $16.2 million. The consent decree with the Environmental Protection Agency was signed April 14. It was filed Thursday, April 18, along with a complaint the U.S. Department of Justice filed to recover the costs of cleaning…
Monday, April 22, 2019 - 06:15
From the outside, a real estate deal may seem like a faceless transaction. But, for a real estate deal to become a reality, multiple people representing multiple interests must come together to negotiate, argue, and, eventually, agree to the terms. From brokers to lawyers, bankers, and developers — and lots of people in between — the Memphis Business Journal will honor the people behind the projects at its inaugural Best Real Estate Deals (BRED) Awards Thursday, April 25. The awards will honor…
Saturday, April 20, 2019 - 09:20
As the saying goes, birds of a feather flock together. In the case of snowbirds and sunbirds — affectionate nicknames for traveling retirees — this is definitely true. Snowbirds are residents of northern states who flock to the South to escape harsh winters, while sunbirds travel to the North in droves to get away from summer heat and humidity. However, if you’re tempted to take flight in the off-season, think through the costs and logistics first. Keep tabs on your house. You’re right…
Friday, April 19, 2019 - 14:51
"We've met with four superintendents — from Bartlett, Germantown, Lakeland, and Collierville. They are ecstatic."
Friday, April 19, 2019 - 14:47
The Memphis in May International Festival will be wrapping up its month-long salute to the city — in honor of its bicentennial year — by inviting everyone to come celebrate at no cost. On April 16, Memphis in May revealed the entertainment lineup for a free, bicentennial concert that will be held Saturday, May 25. Featuring five stages throughout Tom Lee Park, the event is produced in conjunction with the City of Memphis, Shelby County, and the Memphis Brand Initiative and will offer a wide…
Friday, April 19, 2019 - 14:38
A new East Memphis abode led this week's home sales roundup, despite selling for less than $800,000. Houses in Collierville and Germantown took the other four spots, selling for between $575,000 and $700,000. The No. 1 home, which sold for $770,000, is located on Pecan Grove Lane in ZIP code 38120. Located on .46 acres, the 4,000-square-foot house holds five bedrooms and four full bathrooms. A 1998 abode on Coton Hall Cove in Collierville sold for just under $700,000. The ZIP 38017 residence has…
Friday, April 19, 2019 - 14:20
A sports fanatic is set to open a three-room restaurant and entertainment venue inside a former pool hall near Bartlett.
Friday, April 19, 2019 - 14:17
Waiting for Fred’s annual report? You’ll have to wait a little longer. The Memphis-based discount retail chain filed an NT 10-K with the U.S. Securities and Exchange Commission (SEC) April 19 that stated its annual filing for the fiscal year that ended Feb. 2, 2019, was delayed. An NT 10-K form has to be submitted when a company is unable to file its annual report by the due date. Fred’s was originally supposed to file by April 18. Fred’s latest SEC filing states: Fred’s expects…
Friday, April 19, 2019 - 13:05
An air conditioner repairman is opening a soul food restaurant in the Crosstown area. Calvin Brantley owns Complete Home Care, a small air conditioner repair shop in Memphis. As a way to fulfill his passion for Southern cooking, Brantley is now also the head chef and owner of Henrietta and Hazel’s Restaurant and Lounge at 284 N. Cleveland St. Henrietta and Hazel’s is expected to open Tuesday, April 23, at 11 a.m. The 5,000-square-foot restaurant is located upstairs in the two-story building…
Friday, April 19, 2019 - 06:30
Memphis International Airport saw a surge in traffic between March 2018 and this March as it continues to grow passenger volume. And that early spring surge is indicative of how traffic has grown over the course of the past year. Enplanements at MEM shot up 9.1 percent in March year over year — from 178,531 enplanements to 194,812. Over the first nine months of the 2019 fiscal year, MEM has seen significant growth enplanements — the number of people who get on a plane. More than 1.6 million…
Friday, April 19, 2019 - 06:06
The more than 70 firms examined by MBJ employ more than 65,000 people locally, which demonstrates their sheer importance to the surrounding locales and metro as a whole.
Friday, April 19, 2019 - 05:00
MBJ's data shows that an area’s fortunes improve exponentially if it can claim multiple corporate HQs, extending to impacts on home values and rental rates.
Thursday, April 18, 2019 - 14:51
American Airlines is cancelling 115 flights a day through Aug. 19 because 24 of its Boeing 737 Max aircraft are shelved until the Federal Aviation Administration deems them safe to fly again. American Airlines Group Inc. leadership made the announcement even though the airline is "highly confident" the Boeing 737 Max aircraft will be allowed to fly again prior to Aug. 19. Just a week prior, Fort Worth-based American extended its cancellation bookings through June. This latest move by American,…
Thursday, April 18, 2019 - 14:14
Despite the current building boom, we remember a time when all was not well Downtown.
Thursday, April 18, 2019 - 13:30
"No one wants to make a play until they know what's going on with 100 North Main."
Thursday, April 18, 2019 - 13:04
Is the Bluff City ready to be the buff city? Memphis is one of four towns that are finalists for an official new Ironman triathlon, which would be held next year.   “We are a city that continues to grow as a major player on the global sports stage after being selected as one of four host cities for the world for the prestigious World Golf Championships starting in 2019,” said Kevin Kane, president and CEO of Memphis Tourism, in a release. “Ironman would complement our variety of year-round…
Thursday, April 18, 2019 - 13:04
Forty six years ago, a small business launched in Memphis, known as Federal Express. April 17, 1973, the company delivered 186 packages. Today, FedEx Corp. handles more than 15 million per day. Now the global enterprise that employs 450,000 people, the shipping and logistics giant, along with Regions Bank, have once again partnered with the Initiative for a Competitive Inner City (ICIC) to help grow the small business community in Memphis. A kickoff breakfast was held Thursday, April 18, at…
Thursday, April 18, 2019 - 12:55
BB&T Corp. (NYSE: BBT) and SunTrust Banks Inc. (NYSE: STI) recently selected a firm to help in the impending merger's rebranding process. The two banks, which are set to merge later this year, chose Interbrand to develop a new name for the combined entity. Interbrand is a global brand consultancy that is headquartered in New York. The firm will collaborate with marketing and digital experts at the banks to create, research and implement the name. The groups also plan to incorporate employees and…
Thursday, April 18, 2019 - 06:07
A co-owner of the popular local chain Los Comales Mexican Restaurant is planning a restaurant Downtown. Gustavo Bermudez purchased 113 Madison Ave. from Bob Goldman on April 1. Goldman, who had announced plans to bring apartments and a commercial use to the long-vacant, 5,600-square-foot building, said he's excited to see Bermudez's next restaurant come to the property. "A Mexican restaurant … will be a valuable addition to the block and the immediate community," Goldman said. Goldman had…
Thursday, April 18, 2019 - 05:48

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