VOL. 131 | NO. 254 | Thursday, December 22, 2016
Memphis-based Fred’s Inc. got a “really good deal” on the 865 Rite Aid stores it’s agreed to buy for $950 million in a deal that takes the company beyond its core market and marks a significant new chapter in its story.
The Memphis Botanic Garden long ago ceased being a place to just stop and smell the roses. While a rose garden is one of 28 specialty gardens spanning 96 acres, events and promotions have more recently provided MBG’s identity to the community, especially The Live at the Garden concert series.
Bracing for an uncertain future as President-elect Donald Trump prepares to take office, Planned Parenthood of the Greater Memphis Region is taking steps to stay operational in the event of losing its federal funding.
Memphis-based FedEx Corp. shares tumbled in trading early Wednesday, Dec. 21, as the delivery giant’s second quarter earnings missed Wall Street expectations.
Who knew Fred’s could become probably the most complex local business story of the year? More post mortem on the $950 million deal announced this week in which the Memphis-based corporation bought 865 Rite Aid stores from Walgreens and Rite-Aid, who are working toward an acquisition and merger deal of their own.
Memphis City Council members approved the issuance of $110 million in airport authority revenue bonds at the last council meeting of 2016.
REAL ESTATE RECAP
3670 S. Perkins Road -
Merle Norman Cosmetics Inc. has sold its former Memphis distribution center to local real estate developer Thomas Farnsworth Jr. for $1.3 million.
Editor’s note: This is part one of Nashville correspondent Sam Stockard’s feature on Memphis state Rep. Karen Camper. Read part two in the Friday, Dec. 23, edition of The Daily News or online at memphisdailynews.com.
New year’s resolutions are tempting to make, and they are even more tempting to forget. In spite of the insatiable appetite our society has for self-improvement and excellence, good habits just seem hard to acquire.
If there is any human resources professional who still needs a good argument to present to management in favor of NOT having a holiday party with copious amounts of alcohol, I encourage you to show your decision makers the new film, “Office Christmas Party,” starring Jennifer Aniston and Jason Bateman.
Paul Greenberg, editorial page editor emeritus of the Arkansas Democrat-Gazette, likes to write about Franz Kafka (1883-1924) and the word coined for his name, Kafkaesque.
OAK RIDGE, Tenn. (AP) – U.S. Energy Secretary Ernest Moniz will be on hand for a land transfer deal in Tennessee.
OXFORD, Miss. (AP) – Oxford Mayor Pat Patterson says he will not be running for re-election in 2017.
WASHINGTON (AP) – Goldman Sachs has been ordered to pay $120 million to settle federal regulators' charges that it deliberately manipulated a global benchmark for interest-rate swaps to its advantage.
PALO ALTO, Calif. (AP) – Mark Zuckerberg has enlisted the help of Morgan Freeman and taken a shot at Nickelback while unveiling his new artificial intelligence assistant.
WASHINGTON (AP) – Americans bought homes in November in the fastest pace in nearly a decade. But rising mortgage rates, a deepening shortage of houses and higher prices are likely to weigh on the market next year.
It's been a tumultuous 2016 – both financially and politically. The year may have left some people wondering, what's next? And, how will it affect me?
The IRS defers taxes on many retirement accounts. But at a certain point, the agency wants to start collecting its due.