Memphis SMB Media

Property transfers for Aug. 23, 2015

The grocery building built five years ago in the food desert of South Memphis's Soulsville neighborhood has become a mirage.

Growing concerns about a slowdown in China shook markets around the world on Friday, driving the U.S. stock market to its biggest drop in nearly four years.

The state is looking at the Memphis Regional Megasite as the home for several industries, not just one mammoth one

The times are daunting for Verso Corp., the former International Paper unit. But at least one contrarian figures Verso can buck the odds and stay out of bankruptcy court.

A newly minted tentative agreement between FedEx and its pilots could bring the company labor peace into the next decade and help pilots at rival UPS resolve a long-running contract dispute, FedEx's union chairman said.

The University of Tennessee Health Science Center joins campuses in the state that pledge to have a supportive environment and direct resources to help veterans seeking higher education.

FedEx's formal offer period to buy $4.8 billion in shares of TNT Express will run Monday through Oct. 30, and the entire transaction should be completed in the first half of 2016, unless it's extended.

With a refinery in Memphis, Valero donates funds raised through a golf benefit for children to local charities.

GlaxoSmithKline, the big pharmaceutical company that had announced plans four years ago to sell its manufacturing plant here and leave Memphis, is instead about to invest another $2 million into its operation on Presidents Island.

The Memphis Bioworks Foundation will lead a $220,000 seed fund to grow agri-tech innovation and entrepreneurship in Tennessee.

Former Miami investment banker David Stickler will become Big River Steel LLC's chief executive officer following the unexpected death of company founder John Correnti.

The Memphis Health Center has received federal funds to expand its primary care services to Whitehaven.

FedEx and its pilot union have reached a tentative agreement on a new contract covering about 4,200 FedEx Express pilots worldwide.

The Walmart Foundation has given a $45,000 grant to the Metropolitan Inter Faith Association to expand its Meals on Wheels program.