Wednesday, July 18, 2018

Memphis Business News - Local Memphis News | Memphis Business Journal

  1. First Horizon CFO: 'Look at the forest through the trees'
    The past several earnings calls for First Horizon have focused on its integration of Capital Bank, but now the company's attention is on growth.
  2. New UTHSC institute tackles health of Southerners
    Two researchers at the University of Tennessee Health Science Center (UTHSC) will lead a new institute that aims to address health inequities in the South.  UTHSC’s Karen Johnson, endowed professor of women’s health in the Department of Preventative Medicine, and Michelle Martin, director of the Center for Innovation in Health Equity Research and professor of preventative medicine, will co-lead the new Tennessee Clinical and Translational Science Institute (TN-CTSI). “Our mission is to improve…
  3. United Airlines buying bigger regional jets and long-range Dreamliners
    United Airlines is going on a plane-buying spree — with much of the buying focused on new and larger aircraft for the Chicago-based carrier's expanding regional route network. United intends to purchase 25 Embraer E-175 regional jets and four new Boeing 787-9 next generation Dreamliner aircraft that are a longer-range version of the original Dreamliner 787. The price tab for the new planes is more than $2 billion. The new E-175 aircraft will replace 25 CRJ-700 aircraft currently being flown…
  4. Cooper Young residents launch new rideshare service — from golf cart
    Cooper Young residents Jennifer Jordan and Lisa Holt are happy to cart their neighbors around — literally. Jordan and Holt recently started Soul Ride with a six-person golf cart, wanting to provide a “safe, quick, fun alternative that is economical and eco-friendly,” according to Holt. “I travel a lot for my job, and this concept is used in Nashville, in Florida and a lot of other places I go,” said Holt, a nurse for a medical device company. “We pick you up in a fun cart; we’ve got…
  5. Agtech darling leases new space in Downtown Memphis
    A darling of the American agtech industry is moving its Memphis office Downtown, according to a building permit filed Monday. Indigo Ag, a startup that has raised more than $400 million in four years, recently signed a lease for 21,500 square feet in Downtown's Toyota Center building, which is located just west of AutoZone Park. The building permit, meant for the space's renovation, was valued at $487,000. An obscure building at 802 Rozelle St. in Midtown is the company's current local office,…
  6. Regional law firm creates breastfeeding travel policy
    Work travel can present a challenge for new moms, but a regional law firm hopes to ease that with a new policy. Attorneys at Wyatt Tarrant & Combs traveling for work can now ship breast milk back home via Milk Stork, an overnight delivery service. Wyatt then reimburses its employees for the expense.   “It appears, on its face, that it is just geared toward women, but I think it does show a commitment to family issues for both men and women and that it is not just 'bill hours, bill hours,'”…
  7. Pacello: For Memphis to compete, it has to invest in MATA
    "If you’re reliant on public transit in Memphis, your world shrinks pretty dramatically."
  8. AT&T's long-fought deal for Time Warner wasn't typical (and neither is the DOJ's last-minute appeal)
    AT&T Inc.’s deal for Time Warner is back in question again. The U.S. Department of Justice filed an appeal Thursday, July 12, after losing the case to a judge who came down firmly on AT&T’s side a month ago. The move prompted surprise in some parts of Wall Street and creates some uncertainty around a merger decision that many thought was clearly in the past. Now, the telecommunications and media company will need to show it can navigate an ongoing legal battle in the months ahead, even…
  9. FCC chairman voices 'serious concerns' over Sinclair-Tribune deal
    Sinclair Broadcast Group Inc.'s proposed acquisition of Tribune Media Co. suffered a major blow Monday after the Federal Communications Commission's chairman said the deal violates federal laws. FCC Chairman Ajit Pai said in a statement he has "serious concerns" about the $3.9 billion deal because Sinclair would continue to have control over certain TV stations even though it plans to divest them. Pai said he has issued a draft order calling for a hearing on the deal in front of an administrative…
  10. Kroger launches app to help you shop healthier
    Kroger Co. has launched a mobile app it hopes will lead to smarter purchases when it comes to health and wellness. The Cincinnati-based grocery giant (NYSE: KR), the nation's largest operator of traditional supermarkets, on Monday introduced OptUP, a free app that gives each purchase a score based on nutritional value. OptUP is available chainwide for iOS and Android device users via the Apple App Store and Google Play store. OptUP scores are based on a nationally recognized dietary standard,…