Origin-and-destination traffic at Memphis International Airport continues to exceed O&D figures from when Memphis was a Delta Air Lines hub, according to latest data released by the U.S. Department of Transportation.32. Last Word: The Business of Local Sports, Garrison Leaves MATA and Broadband - Friday, January 27, 2017
Marc Gasol makes the NBA’s Western Conference All Star team as a reserve, the first player in the history of the Grizz to make the All-Star Game three times.
Grizz business operations president Jason Wexler asked about Memphis hosting an NBA All-Star Game one of these days at The Daily News Sports Seminar Thursday at the Brooks. Wexler saying the city doesn’t have enough hotel rooms – the same barrier to drawing bigger conventions and meetings to the city.33. Economic Growth Across Sectors Spurs Optimism in Memphis - Friday, January 27, 2017
Memphis-area business leaders are feeling a bit of measured optimism about the economy and the state of their own enterprises. That’s according to the results of the latest edition of The Memphis News Economic Overview, a package of data and anecdotal insights that captures a snapshot across the Memphis economy.34. Ernest Strickland Takes On Workforce Role at Chamber - Wednesday, January 25, 2017
The Greater Memphis Chamber has promoted Ernest Strickland to senior vice president of workforce development, a newly created role. Strickland, who has worked at the chamber since 2006, previously served as vice president of international and business partnerships.35. MEI Survey: Strong Memphis Economy Ahead in ’17 - Tuesday, January 24, 2017
In his new position, he is responsible for creating and implementing the chamber’s workforce development strategy. His department serves as a liaison, working directly with existing and prospective businesses to ensure they are able to attract and retain a qualified workforce today and in the future.
The Memphis-area economy across several key sectors – construction, real estate, retail spending, and others – is continuing to improve.
That’s according to the “Beige Book,” the Federal Reserve’s latest survey of economic conditions in the region that includes Memphis , which was released in recent days. It’s a report that each of the regional Fed districts publishes as a survey of their respective territories.36. Last Word: The March & Crowd Estimates and Country Records in Memphis - Monday, January 23, 2017
Twice now in the last six months, very different protests have drawn thousands of people to the streets in the largest demonstrations we’ve seen since the 1970s – and more importantly, demonstrations that are an entry point for a new generation to many of these issues.37. Rerouting Regulations - Saturday, January 14, 2017
With every new administration comes some degree of uncertainty when it comes to federal regulations.
But after an especially unpredictable campaign season, all eyes are now on the president-elect to see what he’ll do next. 38. Last Call: Economic Indicator Survey Closes On Dec. 31 - Friday, December 30, 2016
Memphis-based FedEx Corp. rightfully is considered an economic bellwether because of the front-line view the package delivery giant has on economic activity thanks to consumers’ purchasing and shipping habits.39. Nonprofits Raised Value In 2016 In Many Ways - Tuesday, December 27, 2016
In any given year, charitable giving might rise or fall. But when the Chronical of Philanthropy analyzed the giving of the country’s 50 largest cities via Internal Revenue Service data, it captured a larger sample size: 2006 through 2012.40. Memphis Chamber Announces Program to Assist Minority-, Women-Owned Businesses - Friday, December 16, 2016
At a press conference fittingly held at the National Civil Rights Museum, The Greater Memphis Chamber announced their newest pilot program Thursday, Dec. 15: the Ascend Memphis Business Development Pilot Program.41. Facebook Finally Gets Serious About Fighting Fake News - Friday, December 16, 2016
NEW YORK (AP) – Facebook is taking new measures to curb the spread of fake news on its huge and influential social network, focusing on the "worst of the worst" offenders and partnering with outside fact-checkers to sort honest news reports from made-up stories that play to people's passions and preconceived notions.42. City’s Momentum Charts Different Course, Method - Friday, December 09, 2016
Nike community relations director Willie Gregory came to The Peabody hotel Wednesday, Dec. 7, to roll out the new MemphisWorks app for the Greater Memphis Alliance for a Competitive Workforce, which he chairs.43. Last Word: The Return of Stubby Clapp, Poplar & Ridgeway for Pedestrians and Mice - Thursday, December 01, 2016
The death toll in the Sevier County-Gatlinburg wildfires is at seven. Authorities believe a fire at The Chimney Tops in the Great Smoky Mountains National Park was what started the disaster and had consumed 15,563 acres as of Wednesday evening. At that point, the fire was 10 percent contained.44. Last Word: Pinch Plans, Fusion On Wheels and The Grizz Main Two - Thursday, November 24, 2016
If surface parking lots had a capitol in Memphis, it would probably be the Pinch. That’s why the general ideas and plans the city is currently exploring for the nine-blocks of the Pinch between the Pyramid and St. Jude can be a bit disorienting.45. Holiday Decision - Saturday, November 19, 2016
In recent years the holiday shopping season has been inching back further and further, with some retailers choosing to give up the tradition of being closed on Thanksgiving. But this year public backlash has reached the top of the retail chain, and some big malls and shopping centers are deciding it’s not worth opening on the national holiday.46. Last Word: Pants Suits On the River, Early Vote Numbers & Chandler Parsons' Debut - Monday, November 07, 2016
A busy last weekend for the Presidential campaigns in Shelby County where we have seen neither Hillary Clinton nor Donald Trump in the flesh since the primary campaign season and haven’t even seen their surrogates in the general election campaign.47. GE, Baker Hughes Create Powerful New Player in Energy Sector - Tuesday, November 01, 2016
NEW YORK (AP) – General Electric is taking advantage of a prolonged energy slump to become a bigger player in the oil and gas drilling business, a bet that could pay off big when prices recover.48. Industrial Real Estate Competition Heats Up Between DeSoto, Marshall - Saturday, October 29, 2016
A North Mississippi industrial park more than 10 years in the making is reaching the finish line. By next May, Hillwood Investment Co. will wrap construction on a 947,000-square-foot warehouse on the final parcel in the DeSoto Trade Center. 49. Q3 Review Shows Memphis Economy is Improving - Wednesday, October 26, 2016
Talk to local professionals with their finger on the pulse of the local economy – say, bankers, who are of course on the front lines to gauge things like consumer demand and borrowing ability – and the story they tell is of an economy on the move.50. Local Early Vote Turnout Tops 56,600 - Tuesday, October 25, 2016
More than 56,000 citizens voted early in Shelby County over the first four days of the early voting period in advance of the Nov. 8 general election.
The 56,614 early voters is a bit ahead of the early voting pace in the presidential general election of 2012 and a bit behind the pace in 2008.51. $47 Billion Offer to Create World's Biggest Tobacco Company - Monday, October 24, 2016
LONDON (AP) — British American Tobacco has offered to buy out Reynolds American Inc. for $47 billion in an attempt to gain a strong presence in the U.S., a lucrative market where sales of electronic cigarettes are booming as traditional smoking fades.52. Holiday Sales Expected to Be Up 3.6 Percent - Wednesday, October 05, 2016
NEW YORK (AP) – Americans are expected to spend at a faster clip than last year for the critical holiday season, helped by an economy that should only continue to pick up, according to the nation's largest retail industry trade group.53. Amazon Slashes Price, Adds Alexa to New Fire Tablet - Friday, September 09, 2016
NEW YORK (AP) – Amazon wants to be under the Christmas tree this year. It's cut the price of its new Fire tablet almost in half and added its popular voice assistant, Alexa, in hopes of making it a hot holiday item, despite a slump in overall tablet sales.54. Nonconnah Center Sale Could Boost Market - Friday, September 02, 2016
In what is sure to be one of the top commercial real estate transactions of the year, the majority of the 1.2 million-square-foot Nonconnah Corporate Center has sold. ReMark Trust, an out-of-town investment group, purchased the property for $57 million.55. Memphis in May Packs $88 Million Punch - Thursday, September 01, 2016
The Memphis in May International Festival, in addition to goals that include cultivating international relationships, had a major impact this year on the Memphis area economy – to the tune of $88 million.56. Study: Memphis in May Brings $88M Economic Impact - Wednesday, August 31, 2016
The Memphis in May International Festival, in addition to goals that include cultivating international relationships, had a major impact this year on the Memphis area economy - to the tune of $88 million.57. Thrill-Ride Accidents Spark New Demands for Regulation - Tuesday, August 23, 2016
NASHVILLE, Tenn. (AP) – In some parts of the U.S., the thrill rides that hurl kids upside down, whirl them around or send them shooting down slides are checked out by state inspectors before customers climb on. But in other places, they are not required to get the once-over.58. Technology or No, Matrix Achievement Group Strives for Sales Results - Tuesday, August 16, 2016
The pitch for Matrix Achievement Group can seem to be all about now, all about the fast-moving, 24-hour clock exhausting everyone, and the feeling that if only the technology could be made to always work for you, everything would be better.59. Last Word: The Elvis Bubble, Global Entry At MEM and ARC at the Rec Room - Friday, August 12, 2016
Elvis Week is with us. If you are on Elvis Presley Boulevard every day you know that the Elvis Week landscape is very different this year with the Guest House at Graceland hotel going up and well underway at this point – 90 percent complete toward a late October opening we were told during a media tour on Wednesday.60. Pinnacle Financial to Anchor Boyle’s Building - Thursday, July 28, 2016
Pinnacle Financial Partners will be an anchor tenant in Boyle Investment Co.’s long-awaited office building in Ridgeway Center.61. Pinnacle Financial Anchor Tenant in Boyle's New Office Building - Wednesday, July 27, 2016
Pinnacle Financial Partners will be an anchor tenant in Boyle Investment Co.’s long-awaited office building in Ridgeway Center.62. Last Word: The Sound of Dominoes, Brexit Anxiety and Schilling Farms Backstory - Tuesday, July 26, 2016
The Memphis Newspaper Guild makes it official – filing grievances against Gannett, the new owner of The Commercial Appeal, over the first significant changes in how the paper is put out. Those changes involve abolishing copy editing positions and making them part of the new job of digital producers.63. Q2 Data Show Solid Memphis Economic Picture - Tuesday, July 26, 2016
Some clients of the wealth management and financial planning firm Kelman-Lazarov Inc. apparently got a little spooked by the recent decision of voters in Britain to leave the European Union.64. Q2 Data Show Strong Memphis Economy - Friday, July 22, 2016
From lending activity to bank data to anecdotal evidence from businesses in the area, the Memphis economy seems to be moving into the summer months from a position of strength.
That’s based on a comprehensive look at second quarter metrics and data – everything from recaps of big real estate deals to home sale numbers and the stock prices of Memphis-based companies – included in The Daily News Quarterly Review.65. New Center to Capitalize on Strong Retail Demand - Wednesday, July 20, 2016
The shopping center at 6450 Poplar Ave. is fully constructed with tenants opening as soon as next month.66. Verizon Hikes Prices, But New Options Could Save You Money - Thursday, July 07, 2016
NEW YORK (AP) – Verizon is hiking prices on its cellphone plans, though the new rates come with changes that might actually save you money.
If you do nothing, your prices won't automatically go up. But new benefits announced Wednesday – including better options when traveling in Canada and Mexico – require you to switch to the new rates, which start Thursday.67. Memphis Lawsuit Over Police Applicants Could Hinge on Nashville Legal Opinion - Thursday, June 30, 2016
The city of Memphis isn’t entitled to a list of everyone who applied for the job of Memphis Police director and will only get a list of five to six finalists from the International Association of Chiefs of Police.68. City Responds to Police Search Lawsuit - Wednesday, June 29, 2016
The city of Memphis isn’t entitled to a list of everyone who applied for the job of Memphis Police Director and will only get a list of 5 to 6 finalist from the International Association of Chiefs of Police.69. Show Time - Saturday, June 11, 2016
For the first time in years, the Peabody Place mall was packed. On June 3, hundreds of ServiceMaster employees and a handful of business and government leaders ushered in One ServiceMaster Center, a multimillion-dollar headquarters for Memphis’ fourth-largest public company.70. Cellphone Radiation Study Raises Concerns Despite Low Risk - Tuesday, May 31, 2016
WASHINGTON (AP) – A new federal study of the potential dangers of cellphone radiation, conducted in rats, found a slight increase in brain tumors in males and raised long-dormant concerns about the safety of spending so much time with cellphones glued to our ears.71. University of Tennessee Partners With 901Drones - Saturday, May 28, 2016
University of Tennessee Institute of Agriculture’s Biosystems Engineering & Soil Science program is researching the use and benefits of aerial data collection using drones in precision agriculture. Michael F. Buschermohle has partnered with 901Drones, located at Agricenter International, to collect remote sensing data on cotton and soybean research plots during the 2016 growing season using the research fields at Agricenter International.72. Crime Stats Chronicle Recent Spike in Violent Crime - Monday, May 30, 2016
Myneishia Johnson’s funeral was the day before she was supposed to graduate from high school.
The teenager’s death at the corner of Second Street and Peabody Place on May 22 came on one of the first busy Downtown weekends of the spring not connected to a Memphis in May International Festival event.73. Snapshot: How Memphis-Based Public Companies are Faring - Saturday, May 28, 2016
Acquisitions have been a common theme among many Memphis-based public companies the past few quarters. Here is a roundup of those transactions and other business highlights from each of the companies.74. University of Tennessee Partners With 901Drones - Tuesday, May 24, 2016
University of Tennessee Institute of Agriculture’s Biosystems Engineering & Soil Science program is researching the use and benefits of aerial data collection using drones in precision agriculture. Michael F. Buschermohle has partnered with 901Drones, located at Agricenter International, to collect remote sensing data on cotton and soybean research plots during the 2016 growing season using the research fields at Agricenter International.75. Memphis MSA Industrial Sector Has A Strong First Quarter After Record 2015 - Saturday, May 07, 2016
The Memphis MSA industrial sector had a strong first quarter after a record-breaking year in 2015.
Last year saw a record absorption rate of 8.4 million square feet, which is 2 million square feet higher than 2006’s pre-recession levels.76. Airfare at Memphis Airport Drops $150 Since 2012 - Saturday, April 30, 2016
Recently released data from the U.S. Department of Transportation shows that airfare at Memphis International Airport continues to decline.
For the fourth quarter of 2015, the average airfare at MEM came in at $386.85, a drop of $9.32 from the previous quarter and a $50.54 decrease from Q4 2014.77. Fed Keeps Key Rate Unchanged; No Hint on Timing of Next Hike - Thursday, April 28, 2016
WASHINGTON (AP) – The Federal Reserve kept a key interest rate unchanged Wednesday against the backdrop of a slowdown in U.S. and global growth and provided no hint of when its next rate hike may occur.78. Airfare at Memphis Airport Drops $150 Since 2012 - Thursday, April 28, 2016
Recently released data from the U.S. Department of Transportation shows that airfare at Memphis International Airport continues to decline.
For the fourth quarter of 2015, the average airfare at MEM came in at $386.85, a drop of $9.32 from the previous quarter and a $50.54 decrease from Q4 2014.79. Regionalism Enhances Recruiting For Cities in Metros - Tuesday, April 26, 2016
When Memphis hits a dirty dozen list – whether it’s for crime, or education attainment, or poverty – those ratings are based on Memphis Metropolitan Statistical Area data.
And while Memphis, as the largest city in the MSA, has the lion’s share of economic disparity, those problems don’t just effect the city’s 600,000 citizens.80. $12.6M Building Permit For New Ballet Memphis HQ - Thursday, April 21, 2016
2144 Madison Ave.
Memphis, TN 38104
Permit Amount: $12.6 million
Owner: Ballet Memphis81. Lake District Would Put Lakeland on the Map - Friday, April 08, 2016
Tenant: Ballet Memphis
Contractor: Grinder, Taber & Grinder
Details: Ballet Memphis is setting the stage for its Overton Square headquarters as Grinder, Taber & Grinder recently applied for a $12.6 million building permit for new construction.
Before Lakeland became a city, it was the Lakeland Amusement Park. A California-based developer is bringing back that original flair with his proposal for The Lake District, a 165-acre mixed-use development.82. Yellen Stresses That Fed Foresees Gradual Pace of Rate Hikes - Wednesday, March 30, 2016
NEW YORK (AP) – Federal Reserve Chair Janet Yellen said Tuesday that the Fed still envisions only a gradual pace of interest rate increases in light of global pressures that could affect the U.S. economy.83. Dodging a Disaster With Volkswagen? - Saturday, March 26, 2016
Next month will mark five years since the first Passat rolled off the assembly line at Chattanooga’s Volkswagen plant. Most anniversaries are a cause for celebration.
But as Chattanoogans blow out the candles on this particular milestone they’ll be hoping that Volkswagen’s diesel emissions troubles will soon be extinguished, too, and that the new SUV model they’ll start producing this year will help VW emerge from the crisis a better and stronger company than before.84. Airlines Dodge Legislation Aimed at Curbing Excessive Fees - Thursday, March 17, 2016
WASHINGTON (AP) – A Senate panel approved an aviation policy bill Wednesday after a partisan fight over whether airlines gouge consumers with fees for basic services like checked bags, seat assignments and ticket changes.85. Allegiant Adds Two New Memphis Flights - Tuesday, March 08, 2016
Allegiant has announced new summer service from Memphis International Airport to two sun-drenched locations.
The airline will begin offering twice-weekly seasonal service to both Destin-Fort Walton Beach Airport (VPS) and Los Angeles International Airport (LAX) in the coming months, with tickets already on sale at allegiant.com.86. AARP: Price Hikes Doubled Average Drug Price Over 7 Years - Tuesday, March 01, 2016
TRENTON, N.J. (AP) – The average cost for a year's supply of a prescription drug doubled in just seven years to more than $11,000 – about three-quarters of the average annual Social Security benefit.87. US Bank Earnings Jump 11.9 Percent In 4Q; Loan Losses Up - Wednesday, February 24, 2016
WASHINGTON (AP) – The impact of plummeting oil prices has shown up in the financial picture of U.S. banks, whose losses from loans increased for the first time in five and half years, according to new government data.88. Average MEM Airfare Continues to Drop - Saturday, February 13, 2016
The price of airfare tickets continues to fall at the Memphis International Airport.
According to third quarter 2015 data from the Department of Transportation, the average airfare cost at MEM came in at $396.17. That’s a 5.4 percent decrease from the second quarter, when the average airfare was $418.70, and a 13.2 percent decrease from third quarter 2014, when it was $456.46.89. Last Word: Clinton in Whitehaven, Changes to Parkside and The Replacements Book - Friday, February 12, 2016
The Presidential primary caravan has arrived.90. Average MEM Airfare Continues to Drop - Thursday, February 11, 2016
Former President Bill Clinton was in Whitehaven Thursday evening to campaign for his wife, former Secretary of State and U.S. Senator Hillary Clinton.
And it was a reminder of his political potency as well as his popularity in a city that went for Barack Obama over his wife in the 2008 Tennessee Presidential primary but which was solidly behind him in both of his successful bids for the White House in the 1990s.
Clinton spoke in a packed Whitehaven High gymnasium to more than 700 people for almost an hour and then worked the crowd that gathered near the podium for another 25 minutes before sprinting out a door to a waiting car.
We’ll be busy this weekend with the opening of the local Bernie Sanders campaign headquarters and we’re still waiting on that promised Donald Trump Memphis appearance.
And we expect to encounter lots of Republican presidential partisans at the local GOP's annual Lincoln Day Gala on the 20th.
The price of airfare tickets continues to fall at the Memphis International Airport.
According to third quarter 2015 data from the Department of Transportation, the average airfare cost at MEM came in at $396.17. That’s a 5.4 percent decrease from the second quarter, when the average airfare was $418.70, and a 13.2 percent decrease from third quarter 2014, when it was $456.46.91. Stocks Lose More Ground as Jobs Report Disappoints - Monday, February 08, 2016
NEW YORK (AP) — Stocks posted steep losses Friday, ending the week with broad declines, as investors fretted over a report showing that U.S. job creation slowed last month.
Technology stocks fell especially hard, and shares of LinkedIn had their worst day in history.92. Exxon's 4Q and Annual Profit Plunge With Oil Prices - Wednesday, February 03, 2016
DALLAS (AP) — The big plunge in crude prices is taking a toll on Big Oil.
Exxon Mobil Corp. said Tuesday that fourth-quarter profit fell 58 percent to $2.78 billion. It was the oil giant's smallest profit since the third quarter of 2002.93. Delta Posts $980 Million 4Q Profit on Lower Fuel Prices - Wednesday, January 20, 2016
DALLAS (AP) — Cheaper jet fuel thanks to falling oil prices helped Delta Air Lines earn $980 million in the fourth quarter despite lower revenue than a year ago.
Delta shares rose almost 5 percent in midday trading Tuesday, recovering some of their January losses.94. US Job Openings Rose in November; Hiring, Quits Rise - Wednesday, January 13, 2016
WASHINGTON (AP) — U.S. employers advertised slightly more jobs in November as overall hiring edged up and more Americans quit their jobs in signs of a healthier environment for workers.95. US Employers Hire at Robust Pace, Defying Global Trends - Monday, January 11, 2016
WASHINGTON (AP) — The U.S. economy is motoring ahead despite slowing global growth that caused upheavals in financial markets around the world this week.
Employers added a robust 292,000 jobs last month, and the unemployment rate stayed low at 5 percent, the Labor Department said Friday. Job gains in the October-December quarter averaged 284,000, the best three-month increase since last January.96. Memphis Average Airfare Continues Drop - Friday, January 08, 2016
The average airfare at Memphis International Airport has dropped more than $93 since 2012, according to passenger and fare data from the U.S. Department of Transportation.
The average round trip fare for Memphis International in the second quarter of 2015 was $418.70, an 18 percent drop compared to $511.93 in 2012.97. 2016 Could Be Banner Year for Travel - Tuesday, January 05, 2016
Every new year is filled with possibilities.
And in travel, a growing economy is just part of why travelers will seek new experiences.
TripAdvisor Insights surveyed more than 44,000 travelers and hoteliers about their travel plans for 2016.98. Average Gas Price Soon Under $2, Lowest Since Recession - Monday, December 14, 2015
DALLAS (AP) — Gasoline is close to breaking below a key psychological barrier as drivers enjoy some of the cheapest pump prices since the recession.
The nationwide average price of a gallon of regular Saturday was $2.02, down 58 cents from this time last year, according to auto club AAA. Experts say it could drop below $2 a gallon in the coming days.99. Wi-Fi Reaches Memphis Airport’s Cellphone Lot - Saturday, December 05, 2015
The Memphis International Airport is now offering Wi-Fi in its cellphone parking lot, where drivers wait for the arrival of incoming passengers before pickup.
The cellphone lot, located to the right of the main drive, has recently received flight information displays with arrival times, improved lighting and landscaping.100. Business Leaders Forging New Identity for Summer Avenue - Friday, December 04, 2015
Summer Avenue was home to the city’s first McDonald’s, the world’s first Holiday Inn and a small part of what was called the Broadway of America when the completion of U.S. 70 in 1927 took it across the U.S.