Memphis Business Journal

Orion Federal Credit Union is in advanced negotiations to move its headquarters to the recently announced $73 million redevelopment of the old Wonder Bread factory.
Wednesday, August 16, 2017 - 16:35
A South Main underpass is about to get a makeover, turning it into the gateway of a new Downtown neighborhood. Henry Turley Co. and the South End Alliance, a group of South Main and South End stakeholders committed to improving the look of the neighborhood, are planning to turn the underpass at G.E. Patterson into a welcome sign, of sorts, for the Central Station area. "There will be a Central Station sign on both sides of the railroad underpass that will brand the neighborhood," said Brett Roler,…
Wednesday, August 16, 2017 - 14:49
UMRF Ventures is a recently formed for-profit company that will enable the U of M to create white-collar jobs for students.
Wednesday, August 16, 2017 - 14:32
Donald Trump took the proactive step of dismantling two high-profile CEO councils Wednesday amid a wave of resignations and criticism from panel members over the president's response this week to riots in Charlottesville, Virginia. Top corporate leaders serving on Trump’s main advisory panel reportedly voted Wednesday to disband, following the president’s controversial remarks about a protest involving white supremacists over the weekend. A second advisory panel, focusing on the manufacturing…
Wednesday, August 16, 2017 - 14:15
A new, 52,000-square-foot headquarters building slated for Collierville is almost through its approval process. The Collierville Board of Mayor and Alderman approved the development agreement and final site plan for the new Mueller Industries headquarters on Monday, according to John Duncan, the town's director of economic development. The two-story building, planned for Boyle Investment Co.'s 443-acre Schilling Farms Community, will be home to about 120 Mueller employees, as the company moves…
Wednesday, August 16, 2017 - 13:48
Manufacturers in the Mid-South are planning to invest more than $80 million in chicken and rice. On Wednesday, Tyson Foods Inc. announced it would expand its Union City operations, doubling its production capabilities. The $80 million investment will create more than 300 new jobs and add 25,000 square feet as well as new production lines. “Customer and consumer demand for protein, especially chicken, is increasing so we’re investing in projects that build on our strengths, expand our capabilities…
Wednesday, August 16, 2017 - 12:17
According to new data, diners in Mississippi and Arkansas are much more generous tippers than those in Tennessee. Mississippi tied for No. 7 in a national study, with its diners tipping 17 percent on average; diners in Arkansas tied for No. 10, generally tipping 16.9 percent. But, Tennessee tied for No. 42, with diners tipping an average of 15.9 percent. That's according to data compiled by Square Inc., which provides transaction software and related credit card-processing equipment to retailers…
Wednesday, August 16, 2017 - 11:43
Today, we're giving our readers a sneak peek into one of our weekly lists — this one of the top doctor's offices in the area. There are more than 6,000 total local full-time employees and 1,564 total local physicians at MBJ List physician practices. Click the slideshow to see the top 5 physician practices. The list is ranked by number of employees, excluding physicians. For a full list of all 23 practices, take a look at our August 10 edition. The full list, including specialities and top local…
Wednesday, August 16, 2017 - 11:22
Inside the portable classrooms, students can learn coding, web design and digital art.
Wednesday, August 16, 2017 - 11:15
Calling all up-and-comers: Memphis Business Journal is looking for you. Nominations are now open for MBJ's 40 Under Forty awards. (Want to nominate someone? Do so here.) Who's already been a 40 Under Forty honoree? Click the slideshow to see the most recent winners. Now in its 21st year, 40 Under Forty celebrates those people under the age of 40 in Memphis and the Mid-South area who have already made significant contributions to our community in the business, professional, civic or personal arenas. The…
Wednesday, August 16, 2017 - 10:26
Each year, ​Memphis Business Journal compiles a list of the largest banquet spaces – with maximum meeting space sizes as well – from the Memphis Cook Convention Center to new spaces like that at the FedEx Event Center at Shelby Farms Park.
Wednesday, August 16, 2017 - 10:10
FedEx Corp. has named its next general counsel. Mark R. Allen will assume the position of executive vice president, general counsel and secretary, effective Oct. 1. Allen who is 61 years old, joined FedEx in 1982. He succeeds Christine P. Richards in the role. After more than three decades with FedEx, Richards retirement was announced in July 2017. She will remain through Sept. 30. Allen is currently based in Europe, where he serves as the senior vice president of legal and international general…
Wednesday, August 16, 2017 - 09:12
Dunkin' Donuts locations in Memphis are offering guests a free medium iced coffee all day on Wednesday, August 16. The brand will also surprise one guest at a local Dunkin' Donuts location with free coffee for a year. The free coffee offer is valid Aug. 16 at participating Dunkin’ Donuts in Memphis, which include: 1674 Whitten Road Suite 108, Memphis, TN 38134 3890 Central Avenue, The University of Memphis, Memphis, TN 38152 9077 Poplar Avenue Suite 106, Germantown, TN 38138 1540 Union Avenue,…
Wednesday, August 16, 2017 - 07:18
Costco made a costly mistake, according to a federal judge. The super-retailer has to shell out more than $19 million to renown jewelry company Tiffany & Co. U.S. District Judge of the Southern District of New York Laura Taylor Swain recently ruled that Costco is guilty of peddling about 2,500 diamond rings falsely identified on store signs as “Tiffany” rings. The company must now pay Tiffany $11.1 million plus interest — three times the lost profit plus $8.25 million in punitive damages…
Wednesday, August 16, 2017 - 07:16
TJX Companies Inc. plans to open 260 new stores this year, increasing its total worldwide number by nearly 7 percent as it continues to buck the downward trend among retailers. The off-price retailer currently has more than 3,800 stores worldwide, including Marshalls, TJ Maxx and HomeGoods here in the U.S. Last month it announced plans to launch a fourth chain called Homesense, describing it as a “complement” to HomeGoods with furniture, lighting and art. CEO Ernie Herrman told analysts on…
Wednesday, August 16, 2017 - 07:15
Wells Fargo said Tuesday that the bank has taken what it calls “board refreshment actions” as it struggles to right the ship from a series of scandals that have damaged its once sterling reputation as Main Street’s bank. The San Francisco-based bank said that Betsy Duke will succeed Stephen Sanger as independent chairman of the board, effective Jan. 1, 2018. The board will see three long-time directors, including Sanger, exit at the end of this year. Also departing at year-end will be Cynthia…
Wednesday, August 16, 2017 - 07:13
Amazon.com Inc. has patented a new way to get packages from a delivery drone to your doorstep without landing. The patent filing describes a retractable, accordion-like tube attached to the underside of drone that could be extended to funnel packages to a drop-off point, whether it's a table, porch, driveway or boat. The delivery shroud could also dampen the drone's annoying buzzing. A quadcopter drone could have four delivery shrouds to further dampen noise or to navigate windy conditions. "If…
Wednesday, August 16, 2017 - 07:12
Gary Shorb, the longtime CEO of Methodist Healthcare Corporation, took over at the Urban Child Institute about six months ago.
Tuesday, August 15, 2017 - 14:53
Back to school means big deadlines for a Memphis-based company.
Tuesday, August 15, 2017 - 14:39
Many facets of the health care industry have shortages, including some doctors and nurses. MBJ examines how the shortages look in the Tri-State area.
Tuesday, August 15, 2017 - 14:11

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