Home » 2011 » March » 07

Daily Archives: March 7, 2011

WSJ asks MBJ's question at ECO:nomics

By Amy McCullough For several weeks now the Mississippi Business Journal has been interested in Mississippi’s new role as a venture capitalist in the green energy sector (Soladigm, Stion and KIOR) and the risk that poses to taxpayers. The Wall Street Journal got Gov. Haley Barbour’s take on the matter at the recent WSJ-hosted ECO:nomics summit in California: (or click ...

Read More »

Stennis prepares to test rocket engine component

HANCOCK COUNTY — The E-2 Test Stand team at NASA’s John C. Stennis Space Center is moving ahead in preparations for testing a vital component for a next-generation rocket engine test stand under construction onsite. Testing on the three-module chemical steam generator (CSG) is designed to verify and validate the unit’s fabrication, confirming it will perform as needed. The tests ...

Read More »

St. Dominic buys Madison Medical Imaging

MADISON and JACKSON — St. Dominic Hospital has acquired Madison Medical Imaging located in the Highland Medical Arts building in Madison. Terms were not disclosed. Madison Medical Imaging is now operating as part of St. Dominic’s imaging services and will be called St. Dominic’s Madison Medical Imaging. “The acquisition was made possible by working with Lakeland Radiologists, who are physician ...

Read More »

Senators: Congress, not EPA, should set energy policies

WASHINGTON — U.S. Senators Thad Cochran and Roger Wicker (R-Miss.) are supporting legislation they say will protect the American people from higher energy costs by halting Environmental Protection Agency (EPA) efforts to impose greenhouse gas regulations on industry. The Energy Tax Prevention Act of 2011 (S.482) clarifies that the EPA does not have the authority under the Clean Air Act ...

Read More »

FNC releases statistics on market distress

OXFORD — Mortgage technology company FNC Inc. has released statistics that pinpoint 2008 and 2009 as the years that saw the worst market distress, with more than 25 percent of foreclosed properties liquidated at more than a 40 percent discount. Other facts from the study show that in 2010, while the bottom quartile continued to experience large price discounts, there ...

Read More »

GAO flip-flop puts price tag on consumers' health

By WALLY NORTHWAY There’s an old Southern expression that goes, “I believe we got ‘er, if she don’t jump.” Well, the Government Accountability Office (GAO) has more than jumped — it’s flip-flopped. Earlier this month, the GAO released a report that questions the cost of transferring the inspection of seafood from the Food and Drug Administration (FDA) to the U.S. ...

Read More »

Barbour: Miss. stimulus different than Obama stimulus

By Amy McCullough Gov. Haley Barbour pointed at the difference between Mississippi’s stimulus and Obama’s stimulus at The Wall Street Journal’s ECO:nomics Conference in Santa Barbara, California, according to a post by the WSJ’s Marketwatch. Barbour said there has been “a lack of support from the White House for nuclear power, and a wrongheaded bias toward renewable energy production. ‘My ...

Read More »

McField gets jail time for defrauding M&F Bank

MADISON — A Madison man has been sentenced to federal prison on charges of taking a $1.3-million bank loan to buy a Florida condo and instead spending the money on other things, including a Bentley car. The Clarion-Ledger reports Seneca O. McField was sentenced last Friday to seven years and 11 months in prison by U.S. District Judge Dan Jordan. ...

Read More »

Casino workers' oil spill claims to be processed

MISSISSIPPI GULF COAST — The group charged with administrating BP’s $20 billion Gulf oil spill fund says it will start processing claims from casino workers this week. Kenneth Feinberg, the Washington lawyer who oversees the fund, said last Friday through a spokeswoman that the Gulf Coast Claims Facility will begin processing 2,500 claims this week. The workers will have to ...

Read More »

Cadence Bank, CBC completes merger agreement

STARKVILLE — Cadence Financial Corporation and Community Bancorp, LLC (CBC) announced that CBC completed its acquisition of Cadence Financial and has invested $144 million in Cadence Bank. The new funding will be used to strengthen Cadence Bank’s capital base, develop new products, enhance customer service and expand community investments across Cadence Bank’s five-state market area. Paul B. Murphy Jr., CBC’s ...

Read More »