IP reports sobering 4th quarter; CEO promises turnaround
The company lost $147 million in the fourth quarter; sales were flat.
Reporter
Jane Roberts has reported in Memphis for more than 20 years. As a senior member of The Daily Memphian staff, she was assigned to the medical beat during the COVID-19 pandemic. She also has done in-depth work on other medical issues facing our community, including shortages of specialists in local hospitals. She covered K-12 education here for years and later the region’s transportation sector, including Memphis International Airport and FedEx Corp.
There are 1465 articles by Jane Roberts :
The company lost $147 million in the fourth quarter; sales were flat.
Memphis is the No. 2 city in the nation for cargo theft behind Los Angeles-Long Beach, and it’s a problem that “has a ripple effect” for retailers and consumers.
The awards ceremony will begin with reception at 5:30 p.m. in the Michael D. Rose Theatre on the University of Memphis campus.
Nearly 3,000 people are on the waiting list for the local meal program, and every day more people are being added.
No one thought cows could catch flu; herds in Idaho have been infected twice with this strain, setting up worry that the virus could circulate endlessly on farms. There are no vaccines.
U.S. medical schools’ and research institutions’ budgets could be gutted if a recent Trump administration plan to reduce federal funding is allowed to stand, according to researchers.
Since October, IP has announced closures, largely in the Southeast, that have or will eliminate 2,500 jobs.
“A lot of our junior faculty that we are hiring ... are well-trained in research and finding funding for their research,” the U of M’s Jasbir Dhaliwal said. “It has absolutely become part of our culture.”
Whitney Hardy, who tried to levitate her skateboard at age 7, knows U of M has “the tools, the resources, the mentorship, the partners on campus” for today’s would-be innovators. She shows them how to navigate through to their dreams.
The presidents of five of Tennessee’s largest research institutions have asked the state’s congressional leaders to maintain federal NIH funding, saying the changes would “devastate biomedical research.”
Letter from U.S. Department of Interior stops paid work on cases of hundreds of unattended minors in the Mid-South alone.
For a few days, Kendra Lawler sat at home, stunned. Early last week, though, the veteran felt compelled to speak out.
At last year’s event, Kyle Rittenhouse abruptly left the stage early, and protesters later chased his supporters across campus.
Kendra Lawler was one of the federal workers recently laid off as part of a large-scale reduction in force. Many of those affected were classified as probationary.
Paint Memphis, the nonprofit that transforms a corner of the city each year with its signature mural fest, has appealed a court ruling that says it failed to fully pay two former co-directors for six months of work.
The evening went off without violence, with about 30 people attending Kyle Rittenhouse’s second attempt at a speech on the University of Memphis campus.
Ransom is leaving TV news, although not the city, “to start a new chapter in my career, one that I couldn’t be more thrilled about.”
This is the second consecutive year auditors have reported inconsistencies in the financials for the University of Memphis’ Auxiliary Services Foundation, which includes funding for Simmons Bank Liberty Stadium.
Baptist employee Marilyn Davis was the area’s first-known COVID-19 patient, collapsing at work on her way to the ER: “I was so sick, and I really thought I was going to die.”
Ransom will sign off for the last time at ABC24 on Wednesday, March 19, capping a career in broadcast journalism here that started in 1994.
A change in how federal criminal cases are processed has left violence hotlines, domestic violence shelters and child-abuse counseling centers struggling — and looking to the State of Tennessee for help.
By 8 p.m., FedEx shares had fallen $13.80 to $232.41 in after-hours trading on Thursday. Through the close of market, the stock price has fallen 5.3% for the year.
Comeback Coffee and the adjacent Greenhaus were small businesses, but they represented a vision for what may be the “last frontier of Downtown Memphis.”
Knowledge Quest’s new Green Leaf Cafe is opening officially in April and serving microgreens salads, salmon paninis and several burgers.
For his work on that project and other large, historic restorations, LRK managing principal Tony Pellicciotti will receive the American Institute of Architects’ highest honor.