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SoftBank’s Vision Fund 2 Prepping Future Investments

PYMNTS

Sources have said that the Japanese conglomerate is reportedly in talks about funding Alto Pharmacy , a pharmaceutical delivery startup; Creator , which is focused on robotic burger-making; and Memphis Meats, a maker of lab-grown meat. It is still raising money for the new fund, which is expected to be larger than its first Vision Fund.

Memphis 100
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SoftBank’s Vision Fund 2 Could Back Burger Maker, Pharma Delivery Firm

PYMNTS

Sources have said that the Japanese conglomerate is reportedly in talks about funding Alto Pharmacy , a pharmaceutical delivery startup; Creator , which is focused on robotic burger-making; and Memphis Meats, a maker of lab-grown meat. It is still raising money for the new fund, which is expected to be larger than its first Vision Fund.

Memphis 100
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Mall Vacancies At Highest Level In Eight Years

PYMNTS

But 24 cities experienced vacancy rates that exceeded 12 percent, with the inclusion of Buffalo, Memphis and Albuquerque. million square feet globally – which is reportedly causing concern that mall operators will have difficulty finding tenants as replacements. But retail vacancies increased by 2.4

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FedEx Teams With Walmart, Target On Same-Day Delivery Robot

PYMNTS

FedEx said it wants the robot to be part of its SameDay service, which currently operates in 1,900 cities around the world. The project has to be approved in the proposed test cities, including Memphis, where it has the go-ahead from Mayor Jim Strickland. It can navigate curbs, steps and uneven surfaces.

Memphis 122
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Fixing Meal Delivery By Ditching The Subscriptions 

PYMNTS

Some of Blue Apron’s problems are unique — specifically operational and employee relations issues. So far the only city it has launched in is Memphis — though Nashville and eventually urban areas across the U.S. As of this year, the stock price has not been above $20 a share since February, and hasn’t cracked $10 a share since May.

Memphis 103
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DHL: Strengthening Fulfillment’s Weakest Link

PYMNTS

And in an interview with Karen Webster, Adrian Kumar, global head of operations, science and analytics at DHL Supply Chain , said that better inventory management can be aided by ergonomic design and automated processes through the use of artificial intelligence (AI) and robotics. The Weakest Link(s). The McDonald’s Example.

Memphis 142
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First Tennessee to Invest $1 Million in Financial Education

American Banker

First Tennessee Bank in Memphis announced Wednesday that it will commit $1 million to Operation Hope’s new HOPE Fund to offer free financial literacy education in low-income communities.