Home » 2010 » November » 19

Daily Archives: November 19, 2010

Manufacturing is 15% of Miss. economy

By Amy McCullough What are the largest sectors of Mississippi’s economy? * Government 17.5% * Manufacturing 15% * Retail 8.2% * Real Estate, Rental & Leasing 8.2% * Health Care & Social Assistance 7.3% For the first time, the MBJ has added “manufacturing” to its beat system. We look forward to exploring and analyzing the second-largest sector of the state ...

Read More »

Cadence may return to writing home loans

By Ted Carter Mississippi homebuyers could have another mortgage option this spring. The $1.7 billion Cadence Bank departed the mortgage market as the home lending crisis worsened. But with its planned acquisition by Houston banking investment group Community Bancorp, Cadence is mulling a revival of its mortgage business. “Yes, we hope to return to that,” said Donna Rupp, Cadence spokeswoman. ...

Read More »

Renasant opens on Main St. in Columbus

By Ted Carter Renasant Bank is telling the Great Recession “you’re not the boss of me.” In fact, the recession hasn’t called many shots at all in the Tupelo boardroom of Renasant. The $4.2 billion banking company is ignoring the banking sector slowdown as it completes an acquisition and branch tri-fecta for the year. Renasant, which has 75 banking, lending ...

Read More »

US Senate: Food safety bill to exempt small farms

WASHINGTON — Some small farms would be exempt from government efforts to prevent foodborne illness under a Senate agreement on food safety legislation announced Thursday. The food safety bill now pending in the Senate would give the Food and Drug Administration more authority to recall tainted products, increase inspections of food processors and require producers to follow stricter standards for ...

Read More »

US housing inventory declines

After rising for nine straight months, the number of homes listed for sale fell for the first time in October across many U.S. markets, the Wall Street Journal reports. The supply of homes available for sale in 26 major metropolitan areas fell by an average 3.3% last month compared to the previous month, the first month-over-month decline since January, according ...

Read More »

USM offers retirement incentives

HATTIESBURG — The University of Southern Mississippi is offering an incentive package to employees in hopes of encouraging early retirement, a plan similar to one enacted this year by Mississippi State University. USM hopes the move will lessen the impact of budget cuts. Beginning next month, USM employees who are eligible for retirement can sign up for an incentive if ...

Read More »

Bernanke issues warning to China

WASHINGTON — Federal Reserve Chairman Ben Bernanke issued a stern warning to China, saying that it and other emerging nations are putting the global economy at risk by keeping their currencies artificially low. The Fed chief made the remarks Friday during his speech to a conference at the European Central Bank in Frankfurt, Germany. “Insufficiently supportive policies” in the United ...

Read More »

High court rejects some of Katrina case award

JACKSON, Miss. (AP) – The Mississippi Supreme Court has upheld a breach-of-contract verdict in a dispute between an insurance company and a retired Navy admiral over coverage of damages from Hurricane Katrina. However, the high court said Admiral James W. Lisanby and his wife, Gladys, failed to prove United Services Automobile Association acted in bad faith when it denied their ...

Read More »

OneFi to build hybrid communications network

HOLLY SPRINGS — OneFi Technology Inc. of Los Angeles has secured a memorandum of understanding with the City of Holly Springs to build a hybrid communications network that delivers OneFi Technology’s IPTV solution. Chet Noblett, OneFi CEO, said, “We have a good relationship with the technical parties in Holly Springs and we are looking forward to moving to the next ...

Read More »

Tronox's Chapter 11 plan includes Miss. plant

HAMILTON – Tronox Incorporated announced that the United States Bankruptcy Court for the Southern District of New York has confirmed its reorganization plan to emerge from Chapter 11 bankruptcy. The  company is the world’s third-largest producer and marketer of titanium dioxide pigment. The plan calls for Tronox, among other items, to reorganize around its existing operating businesses, including its facility ...

Read More »