VOL. 132 | NO. 130 | Friday, June 30, 2017
Thomas & Betts Corp. has chosen a new location for its corporate headquarters. The Memphis-based electrical component manufacturer is moving from Southwind to ServiceMaster Global Holdings' current space at 860 Ridge Lake Blvd. in Ridgeway Center. ServiceMaster is vacating the East Memphis property for its new headquarters Downtown.
Walgreens Boots Alliance has struck a new deal with Rite Aid to buy 2,186 of the chain’s stores for $5.18 billion, an agreement that replaces the two rivals’ planned merger. It also nixes the component of the merger involving Memphis-based Fred’s Inc. buying hundreds of Rite Aid stores to help the now-defunct merger pass regulatory muster.
The Levitt Shell could be getting a new look in the coming months. Representatives from the popular Overton Park concert venue have applied for a conditional use permit with the Shelby County Board of Adjustment to add repurposed shipping containers to be used as a permanent retail structure.
The sun umbrellas are on the way for the tables and chairs on the northern side of Peabody Place between Front and Main streets, and so is a temporary mural wall and some kiosks for a marketplace.
Organizers of a daylong festival celebrating all things breakfast and brunch have cooked up a new and bigger version of the event, which comes back for its third year in September.
And the winner is … not Fred’s. After months of speculation about the Memphis-based discount retail store’s transformation into a pharmacy-based enterprise with the purchase of hundreds of Rite Aid stores in a third-party divestment move, Fred’s was nowhere to be found when Walgreens announced a deal Thursday to buy the Rite Aid stores. The corporation told investors it will still pursue its strategy but acknowledged its trajectory is “stunted” – that as Fred’s got hammered on Wall Street.
All across the NBA landscape, teams are trotting out their second-round draft picks and saying the same things: We had these players rated higher. We couldn’t believe they were still there. And the classic, “We’re so happy they fell to us.”
What does Phillip Fulmer’s hiring as special adviser to University of Tennessee president Joe DiPietro have to do with Vols football coach Butch Jones?
Jalen Johnson’s first season on Tennessee’s basketball team didn’t go as planned. Now, he’s better for it.
THE PRESS BOX
To be an NBA general manager on the eve of free agency is to be asked a lot of questions you really can’t answer.
THE TIPPING POINT
William Barksdale is just off a trip to China, but he’s reminiscing about the Mississippi Delta. On sultry summer days spent alongside his father, walking the rows of soybean and cotton fields, Barksdale grew into an awareness of the nobility of farming – the simple grace involved in raising crops that will feed and clothe people.
The city is a gallery, the neighborhoods its rooms. Artistic talent runs in the family like spilled India ink on paper, although it ran away from me. Briefly majoring in art, I learned that my talent lay in appreciation not execution, and there is much to appreciate in our city.
MEMPHIS, Tenn. (AP) – Health officials are investigating a Legionnaires' disease outbreak in the hotel located at Graceland, the tourist attraction centered on the life of late singer Elvis Presley in Memphis, Tennessee.
MEMPHIS, Tenn. (AP) – Federal prosecutors say 22 members and associates of street gangs in California and Tennessee have been indicted on drug trafficking and money laundering charges.
KNOXVILLE, Tenn. (AP) – Term-limited Knox County Mayor Tim Burchett says he plans to make a bid to join Tennessee's delegation in Congress next year.
KNOXVILLE, Tenn. (AP) – Tennessee state Rep. Harry Brooks is donating $66,000 in campaign funds to four high schools in his district.
KNOXVILLE, Tenn. (AP) – A federal judge is expected to rule on the terms of an injunction that regulates how the Tennessee Valley Authority removes trees along right of ways while TVA works on an Environmental Impact Statement.
CHATTANOOGA, Tenn. (AP) – The federal trial of eight ex-employees of the truck stop chain owned by the family of Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam could take up to six weeks.
BIRMINGHAM, Ala. (AP) – Alabama and Mississippi are completely free from drought for the first time in more than a year.
WASHINGTON (AP) – The U.S. economy got off to a lackluster start during the first three months of 2017, though it enjoyed more momentum than earlier estimates indicated.
WASHINGTON (AP) – The drop-dead deadline for Congress to increase the government's borrowing authority and avoid a devastating economic default is early to mid-October, says a government estimate released Thursday that delivered another challenge to Republican leaders.
WASHINGTON (AP) – Top Senate Republicans on Thursday considered keeping President Barack Obama's tax increase on wealthier people's investments and using the money to bolster their proposed health care subsidies in a bid to mollify moderate GOP lawmakers and salvage the party's struggling bill.
PARIS (AP) – The cyberattack that has locked up computers around the world while demanding a ransom may not be an extortion attempt after all, but something more sinister: an effort to create havoc in Ukraine, security experts say.