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Monthly Archives: January 2011

Chevron to build lubricants plant on Coast

PASCAGOULA — Chevron Corporation announced that Chevron Lubricants would commence construction of a lubricants manufacturing facility at the company’s Pascagoula refinery. The $1.4-billion Pascagoula Base Oil Project (PBOP) is projected to generate approximately 1,000 jobs over the next two years of construction and about 20 permanent positions once the facility is operating. The facility will manufacture 25,000 barrels per day ...

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Hyde-Smith announces candidacy for ag commissioner

BROOKHAVEN — Sen. Cindy Hyde-Smith, R-Brookhaven, announced that she will seek the state’s Commissioner of Agriculture and Commerce position. Hyde-Smith and her husband, Mike, are the fourth generation of their family to raise cattle, farm and operate a cattle market auction near Brookhaven. Hyde-Smith noted that the Commissioner of Agriculture and Commerce position is a large job with many statewide ...

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Diamondhead Casino extends LOI with Phoenix

DIAMONDHEAD — Diamondhead Casino Corporation (DCC) has agreed to extend a letter of intent entered into with Phoenix Gaming and Entertainment, LLC, for 60 days. DCC owns, through its wholly-owned subsidiary, Mississippi Gaming Corporation, approximately 404 acres of land in Diamondhead on the Mississippi Gulf Coast. The property fronts Interstate 10 for approximately two miles and the Bay of St. ...

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Study looks at food assistance programs and cost of living

STARKVILLE — Food assistance programs are designed to keep children fed who otherwise would be hungry, but a recent Southern Rural Development Center study found they often contribute to obesity in cities with a high cost of living. The study was conducted by Elizabeth Rigby of The George Washington University and Rachel Tolbert Kimbro of Rice University. It was commissioned ...

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OSHA cites RoyTex for 18 safety, health violations

MERIDIAN — The Occupational Safety and Health Administration (OSHA) has cited Roytex Inc. in Meridian with 18 serious safety and health violations for exposing workers to electrical hazards, flaking lead paint, asbestos and other hazards. Proposed fines total $46,340. Following a safety inspection, OSHA has cited Roytex for 14 serious violations with a proposed penalty of $33,740. The hazards include: ...

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Reaching for the algorithms

Market slumps that have dampened more than a few Wall Street parties over the past 50 years have left a lot of investors feeling like they’re all out of aces. But they are never out of algorithms – not if they know where to find them. The partners at Jackson hedge fund firm Woodridge Capital adopted an algorithm system in ...

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Caratozzolo promoted at Beau Rivage

Beau Rivage is pleased to announce the promotion of Anthony Caratozzolo to assistant director of food and beverage. Caratozzolo was a member of the 1999 opening team for Beau Rivage’s La Cucina Restaurant where he was commis de cuisine for chef Vincent Signorelli Jr. While there, he assisted chef Kim Canteenwalla on Discovery Channel’s “Great Chefs of the World” episode. ...

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Regional bank M&F puts losses of 2009 behind it

KOSCIUSKO — Regional banking company First M&F Corp found the black in 2010, turning a loss of $60.6 million in 2009 into net income of $4 million. Helped by an exchange of preferred stock, earnings to common shareholders totaled $15 million, or $1.66 per share, compared to a loss of $60.6 million, or  $6.69 a share, for 2009. Earnings attributable ...

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MBJ Editorial: Canada important to our business

The Consulate General of Canada was in Mississippi last week to touch base with government officials and trade partners. Yes, trade partners. As a matter of fact, Canada is the top export destination for Mississippi with 28 Canadian-owned companies employing 4,222 people in 104 locations. Canada is a true business friend to Mississippi, purchasing 18 percent of our state’s exports, ...

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Jackson will soon know fate

Officials: Requirement for sales tax oversight panel will doom voter approval to rebuild infrastructure Jackson’s single biggest hope for paying for a desperately needed water and sewer system overhaul  rests with a special option sales tax that would require 60 percent voter approval. That’s not going to happen as long as the legislation authorizing the vote specifies that an oversight ...

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