More than 375 companies around the world — including FedEx Corp. and Sylvamo Corp. — have suspended operations in the region following the humanitarian crisis created in the wake of Russia’s full-scale invasion of Ukraine.
“I would suspect that most of the companies that entered into the Russian market either had a contingency plan,” the Bartlett Chamber president said.
Amtrak released its “Connect US 2035” plan last month, rekindling interest among state leaders for a Memphis-to-Nashville connection.
Russian courts can appoint external administrators for companies that cease operations and are at least 25% foreign-owned, if a plan favored by Vladimir Putin is approved.
Don’t know the DMC from the MLC, or the CCRFC from the CBID? Here’s a quick guide to some commonly used business and economic development terms and organizations.
Trevia Chatman has her eyes set on making her hometown more financially secure by helping connect banking and investment resources to people across the Mid-South.
“They know that Ford will change our town,” said Diane Hooper, executive director of Sugar Creek. “But I think they’re very excited for future generations and what this is going to mean for our county.”
Airport officials expect peak days to include Friday, March 11, and Sunday, March 13.
“We want it to be inviting,” Jack Dawson of LPI Memphis said of the former home of Bari Ristorante e Enoteca. “This is the entrance to the space. It needs to be worthy of that sort of greeting.”
Pinkel served as CEO and director of St. Jude until 1973.
International Paper declined to comment further about its plans for operating in Russia following its full-scale invasion of Ukraine.
The Memphis area saw a 15.5% increase in average sales price last month compared to a year ago, and Whitehaven’s increase was 80%.
Accidents are common on the interchange, where drivers have to slow down and take an exit in order to stay on the highway.
Richard W. Smith will become president and CEO-elect of FedEx Express following the announcement Thursday, March 10, that Donald F. Colleran will retire effective Dec. 31, 2022.
Ford now needs to secure an environmental permit before moving forward with site work at its planned $5.6 billion electric vehicle plant in West Tennessee.
Rizzo’s is the second popular restaurant in the past week to announce it’s closing; recovery from COVID is taking a toll.
Junior Achievement of Memphis and the Mid-South built a city that models all the careers that students can aspire to have as adults, and they run the city during a five-hour simulation.
The Midtown restaurant will be closed for about six months during its renovation and expansion.
As it fights to save its Memphis power contract, the Tennessee Valley Authority is irritating critics by an alleged lack of transparency that includes withholding the salary of its West Region vice president Mark Yates.
“This couldn’t be a more transformative project,” says Aaron Stewart. “The suppliers are already looking. ...”
Kontji Anthony, evening co-anchor at WMC-TV Action News 5, announced in a letter dated March 7 that she will not seek to remain in her position when her contract expires in April.
“This business depends on the walking traffic,” said owner Rida AbuZaineh. “It’s like walking on the beach, where there is ice cream.”
“If we want to solve this problem in Ukraine using gas and oil as one of the solutions, then in fact it’s going to cost us,” said a local economist.
Martha Hample, Carmeon Hamilton and Vonesha Mitchell shared stories of their professional challenges and successes at The Daily Memphian’s Women and Business seminar.
Deborah Waters Turner recently joined Agape Child and Family Services as the nonprofit’s new TeamWorks director.