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Daily Archives: December 14, 2010

FINRA: More than half of Mississippians Live on Financial Edge

Nearly six in 10 Mississippians live paycheck to paycheck. Further, Mississippi residents on average are less financially literate than residents of other states, and fourth-most likely to use high-cost, non-bank borrowing such as payday loans. So says an extensive survey released Tuesday by the Financial Industry Regulatory Authority, or FINRA. The findings are part of the National Financial Capability Study, ...

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Wells Fargo, Barclays see growth in wealth management

By Ted Carter Banking giant Wells Fargo wants to expand its wealth business and London-based Barclays Wealth will soon be stepping up its hiring of wealth managers in the United States. Wells Fargo CEO John Stumpf told a recent conference in New York that the bank has concluded its wealth business is “sub-optimized” and could be bigger. If there were ...

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Sanderson sets new annual sales record of $1.9B

LAUREL — Sanderson Farms Inc. saw net sales for the fourth quarter of fiscal 2010 of $529.1 million, compared with $469 million for the same period a year ago For the quarter, the company reported net income of $47.8 million, or $2.08 per share, compared with $19.8 million, or $0.95 per share for the fourth quarter of fiscal 2009. Net ...

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AGT wins multiple contracts from Army

CHOCTAW — Applied Geo Technologies Inc. (AGT) has received multiple awards from the U.S. Army Tank-Automotive Armaments Command (TACOM) to supply cable assemblies and wiring harnesses for military fighting vehicles and mobile kitchens. The largest award is for wiring harnesses for Mine Resistant Ambush Protected (MRAP) vehicles. Another award is for wiring harnesses for the Stryker family of armored assault ...

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Barbour unveils new broadband availability website

JACKSON — Gov. Haley Barbour recently unveiled a new “Broadband For Mississippi” website featuring a tool that outlines the availability of broadband across the state. The site is part of the state’s overall effort to increase high-speed Internet access to every community. The site, at www.broadband.ms.gov, allows Mississippians to learn more about broadband technology and what it means to their ...

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Grant to assist nurses in earning master's degrees

RAYMOND and JACKSON — Nursing students at Hinds Community College now have a springboard to launch them toward a master’s degree at the University of Mississippi Medical Center thanks to a new grant-funded program in the School of Nursing. Pathways to Advanced Practice Nursing is an initiative that aims to funnel registered nurses with associate degrees into one of the ...

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City mulling parking garage on the Square

OXFORD — Anyone who’s ventured into downtown Oxford after a University of Mississippi game knows parking is scarce on the Square. Mayor George “Pat” Patterson says local officials are now studying the possibility of building a parking garage. Officials say such a facility could alleviate the parking shortages that peak on Thursday, Friday and Saturday nights. Patterson tells the [ITAL]Northeast ...

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Court tosses lawsuit over size of House

WASHINGTON — The Supreme Court has rejected an appeal that calls for greatly increasing the House of Representatives to reduce discrepancies in the population of congressional districts from one state to another. The justices yesterday ordered a lower federal court to dismiss a lawsuit from Mississippi. The suit said House districts vary widely in population, in violation of the principle ...

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Chevron petitions for permit modification

PASCAGOULA — The Chevron Products Company has filed an application with the Department of Marine Resources (DMR) requesting permission to conduct regulated activities under the provision of the Coastal Wetlands Protection Law Act, Title 49, Chapter 27, Mississippi Code of 1972. Chevron is proposing to modify Permit No. DMR-080666 to fill 2.3 acres in addition to the previously permitted 69.99 ...

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