Tennessee news

• Comcast completes Memphis fiber network

  24-10-2016 18:26 via feeds.bizjournals.com
  On the heels of AT&T's recently announced fiber rollout in Memphis, Comcast Business completed its local multimillion-dollar fiber optic network.The faster service is able to deliver 10-gigabit speeds to local businesses, schools, hospitals and other organizations.“Today’s announcement from Comcast is great news for our business community, and we couldn’t be more excited about what it means for our city,” said Phil Trenary, president and CEO of the Greater Memphis Cha
  
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• Memphis' highest-paid executives

  24-10-2016 18:06 via feeds.bizjournals.com
  As he does every year, Memphis Business Journal data editor Jason Bolton has compiled a list of the 50 highest-paid executives in Memphis. The full list appears in the Oct. 21 print edition and is only available to subscribers, but we're giving web readers a preview of the top 20.Click the slideshow to see the fifteen highest-paid executives at public companies in Memphis.The list ranks local executives in public companies based upon total compensation, using their company's 2015 proxy statement
  
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• Construction: Methodist at Crosstown, Kooky Kanuck

  24-10-2016 17:09 via feeds.bizjournals.com
  Methodist pulls permit for Crosstown ConcourseBuilding permits continue for the 10-story giant known as the Crosstown Concourse.A permit valued at nearly $5.8 million was submitted Oct. 21 for the “interior buildout” of Methodist Le Bonheur Healthcare’s footprint in the massive structure.Grinder, Taber & Grinder Inc. was the contractor on the permit, and archimania was the architect. The address is 1350 Concourse Ave.A former Sears building, the $200 million Crosstown Conco
  
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• Grizzlies extend relationship with C Spire

  24-10-2016 16:40 via feeds.bizjournals.com
  The Memphis Grizzlies and C Spire have finalized a multiyear extension of their sponsorship agreement.First signed in 2011, C Spire and the Grizzlies extended the partnership in 2013 through the 2015-16 season. Terms of the new agreement weren’t disclosed, but it will continue to include advertising and signage in FedExForum. C Spire will also continue to be the official wireless provider of the Grizzlies.“We’re excited about renewing our official partnership with the ‘Gr
  
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• Wright Medical sells hip/knee division

  24-10-2016 16:27 via feeds.bizjournals.com
  Wright Medical Group (NASDAQ: WMGI) has finalized the sale of its hip/knee business to United Kingdom-based Corin Orthopaedics Holdings Limited. The deal, worth an estimated $32.3 million, was first announced in July.At the time, Wright Medical president and CEO Robert Palmisano said the sale of its large joint division was “the logical next strategic step” for the company. With the sale completed, Wright Medical can devote its “full resources and attention on accelerating grow
  
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• AT&T buying Time Warner for $85 billion

  24-10-2016 14:16 via feeds.bizjournals.com
  In what would be the largest merger of the year, Dallas-based AT&T has agreed to acquire New York-based Time Warner in an $85.4 billion deal.The boards of both companies unanimously approved the acquisition Saturday. “Premium content always wins,” AT&T CEO Randall L. Stephenson said in a statement.“We’ll have the world’s best premium content with the networks to deliver it to every screen.”Stephenson will lead the combined company while while Time Warn
  
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• No surprise: Student loans are used for lifestyle choices, too

  24-10-2016 14:15 via feeds.bizjournals.com
  Parents of college students, you probably won’t be surprised by this survey: Much of what is borrowed in student loans is used for lifestyle choices, not education.As student loan debt reaches a record $1.3 trillion, more students report using some of that money to pay for cellphones and other monthly bills (41 percent), car payments and insurance (19 percent), clothing and accessories (15 percent) and restaurants (13 percent), according to a survey by Student Loan Hero, an online site for
  
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• Here's why Airbnb will likely go public sooner rather than later

  24-10-2016 14:15 via feeds.bizjournals.com
  The increasing value and reach of San Francisco-based Airbnb is making it increasingly likely that the company will go public sometime soon, a new report says, as investors in the home-sharing network begin to look for a return on their money.Aibnb is currently the third most valuable privately held company, behind San Francisco-based ride hailing service Uber and Chinese smartphone maker Xiaomi Corp. It is the most valuable one to emerge from Mountain View accelerator Y Combinator."Those ventur
  
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• U.S. mortgage rates rise again

  24-10-2016 14:12 via feeds.bizjournals.com
  U.S. mortgage rates jumped again this week yet remain at historically low levels, according to Freddie Mac.The 30-year fixed mortgage averaged 3.52 percent for the week ending Oct. 20, up from 3.47 percent the previous week.A year ago, mortgage rates stood at 3.79 percent.Low mortgage rates have helped push U.S. home sales forward, and drove more people to refinance.The 30-year fixed-rate mortgage moved a solid 5 basis points to 3.52 percent while the 10-year Treasury yield remained relatively&h
  
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• TD Ameritrade teams with parent bank in bid for Scottrade

  24-10-2016 14:09 via feeds.bizjournals.com
  Scottrade Financial Services Inc. has received a non-binding, joint bid from TD Ameritrade and its parent company, Toronto-Dominion Bank, The Globe and Mail reported Wednesday night, citing “sources familiar with the sale.”Bloomberg reported late last month that Scottrade, the St. Louis discount brokerage founded by Rodger Riney and owned by him and his family, was working with an adviser to explore a sale.Other bids are expected, possibly from rivals such as E*Trade, Charles Schwab
  
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