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Daily Archives: December 30, 2010

Stay tuned for bank earnings season

By Ted Carter Take a deep breath. Now exhale and hope for the best as the earnings season for Mississippi banks is on the horizon. You’ll know soon enough whether to break out the champagne and party favors you put away your New Year’s celebration. Tupelo-based BancorpSouth is to report its fourth quarter earnings after the market closes on Jan. ...

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Chief adviser for new finance bureau wants to get tough on faulty foreclosures

By Ted Carter A strong and functioning consumer financial protection bureau as envisioned by the Dodd-Frank banking reform law could have prevented the current mortgage foreclosure fiasco, says Elizabeth Warren, a Harvard University law school professor appointed by President Obama to oversee development of the new Consumer Financial Protection Bureau. Writing in a Miami Herald op-ed, Warren blamed the spread ...

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SBA disaster loan applications still available

ACROSS MISSISSIPPI — The U.S. Small Business Administration is reminding businesses in Mississippi that Economic Injury Disaster Loans are still available to small businesses and non-profit organizations of all sizes economically impacted by the severe storms and flooding that occurred from April 23-24, 2010. “Businesses and non-profit organizations that suffered economic losses as a result of the disaster and want ...

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Ex-AG Moore featured on new campaign

ADA, Okla. — On Jan. 1, Ada, Okla.-based Pre-Paid Legal Services Inc. launched a special promotional and recruitment program, “Pre-Paid Legal Services, Inc.: A Business for Today,” on the Fox Business Network (FBN), a part of the Fox News Network (FNN). Additional segments of the program are now being developed and will feature a variety of PPD leaders. The videotaped ...

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Texas company buying Southern Pines for $750M

GREENE COUNTY — PAA Natural Gas Storage of Houston, Texas, has entered into a definitive agreement to acquire SG Resources Mississippi, LLC. The primary asset of SG Resources is the Southern Pines Energy Center natural gas storage facility. Total consideration is approximately $750 million. Subject to regulatory approval, the transaction is expected to close during the first quarter of 2011. ...

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Pharmacy closing after 118 years in business

AMORY — Peoples Drug Company will close the doors Dec. 31, ending its run as Amory’s oldest pharmacy in Amory. A pharmacy has existed in the same location on Main Street since 1892. The pharmacy burned in 1893 and was rebuilt in 1894. The only thing saved from the fire were blue apothecary jars that have been on display at ...

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Hospital spending nearly $1M to build vault

MCCOMB — Southwest Mississippi Regional Medical Center has awarded an $879,500 bid to build a vault for the cancer center’s new linear accelerator. The Enterprise-Journal reports Smith Painting & Contracting of Hattiesburg was awarded the project in late December. The new vault at the Mississippi Cancer Institute will be next to the existing structure that holds the accelerator, used for ...

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