Starboard Value LP, an investor in Smithfield Foods Inc., approached buyout firms and meat processors to encourage them to form a bidding group to derail a Chinese takeover, said two people familiar with the process.
Mike Miller rejoined the Memphis Grizzlies after winning two National Basketball Association titles with the Miami Heat, returning to the franchise where he holds records for 3-pointers made and 3-point shooting percentage.
FedEx Corp., the world’s largest cargo airline, will pay $21.5 million to settle a lawsuit over claims that it overcharged customers by billing for deliveries to businesses and governments at higher residential rates.
The Federal Reserve’s review of its decision to let banks store, transport and trade raw materials signals a potential rebuilding of the wall between banking and commerce that legislation and rulemaking have eroded.
In Memphis, 44 percent of the population rents and the remaining 56 percent are homeowners. And in the past year the Memphis real estate market has seen an 1.3 percent increase in value, with a median sales price of $124,700, according to Zillow.