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Daily Archives: February 7, 2011

MS should call Jackson the District of Magnolia, take it over

By Amy McCullough * UPDATE — Feb. 8, 12:15 p.m. — Jackson Police detectives just showed up at our office to collect prints from yesterday’s break-in. Would have been nice if they had shown up yesterday, before we all disinfected our desks and the prints were still here. The state of Mississippi needs to take downtown Jackson under conservatorship and ...

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LNG terminal to get first ship this summer

PASCAGOULA — The first tanker carrying liquefied natural gas is expected to arrive at a new $1.1-billion terminal along the Mississippi coast early this summer. Currently, the final phase of construction is under way at the Gulf LNG terminal, located southeast of Pascagoula. Terminal spokesman Bill Baerg told The Sun Herald that the first transport will commission the plant with ...

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Senators pushing FEMA for change in flood modeling

WASHINGTON — U.S. Sen. Thad Cochran (R-Miss.) and U.S. Sen. Roger Wicker (R-Miss.), backed by a bipartisan group of another 25 senators, is encouraging the Federal Emergency Management Agency to end its practice of ignoring some levees and flood control structures in cases where communities may be harmed by the lack of precision in new Flood Insurance Rate Maps (FIRMs). ...

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Callon to offer nine million shares of common stock

NATCHEZ — Callon Petroleum Company intends to offer, subject to market and other conditions, nine million shares of its common stock, par value $0.01 per share. In connection with this offering, Callon will grant the underwriters an option to purchase 1.35 million additional shares of common stock to cover any over-allotments. Callon intends to use the net proceeds to fund ...

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SBA extends Dealer Floor Plan pilot program

JACKSON — A pilot loan program aimed at increasing access to inventory financing for auto, boat, RV and other dealerships will be re-launched tomorrow and will be effective through Sept. 30, 2013, the U.S. Small Business Administration announced. The Small Business Jobs Act of 2010 included a provision for re-launching SBA’s Dealer Floor Plan (DFP) Pilot Loan program, which first ...

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Officials question absentee ballot witnessing

COLUMBUS — Secretary of State Delbert Hosemann and Lowndes County circuit clerk Haley Salazar are calling attention to a problem of a handful of people witnessing large amounts of absentee ballots. Salazar tells The Commercial Dispatch that she’s seen the problem since taking office in 1992. It is not illegal under Mississippi for an individual to witness multiple absentee ballots. ...

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Cochran reintroduces park expansion bill

CLAIBORNE COUNTY and HINDS COUNTY — U.S. Sen. Thad Cochran (R-Miss.) has reintroduced his legislation to authorize the expansion of the Vicksburg National Military Park in Claiborne and Hinds counties. Cochran and U.S. Sen. Roger Wicker (R-Miss.), the measure’s primary cosponsor, indicated their intent to push for Senate consideration of the Champion Hill, Port Gibson and Raymond Battlefield Addition Act. ...

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X-47B makes successful inaugural flight

JACKSON — On Feb. 4, Northrop Grumman and the U.S. Navy announced the successful first flight of the X-47B, the first carrier-capable unmanned aircraft developed under the Navy Unmanned Combat Air System Demonstration (UCAS-D) program. Eaton Corporation’s Aerospace Group is a key system supplier to Northrop Grumman, the Navy’s UCAS-D prime contractor. Eaton contributions include the X-47B fuel system, engine-driven ...

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Arbitration panel rules in dispute involving Callon

NATCHEZ — Callon Petroleum Company announced that the arbitration panel reviewing its claims against the joint interest owner in the Entrada Project has delivered its final decision. It ruled that the company was not entitled to recover any damages. Callon completed the abandonment of the Entrada Project in 2009, and said it does not expect to incur additional costs in ...

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