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Daily Archives: March 15, 2011

National bankers group encouraged by bid to quash debit-fee cap

By Ted Carter The American Bankers Association says legislation introduced in the Senate Tuesday gives it hope that banks can avoid a pending cut in the fees they receive from merchants on debit card transactions. The so-called Durbin amendment, named after sponsor Sen. Dick Durbin of Illinois, mandates the Federal Reserve’s Board of Governors put a cap on the fees ...

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Gulfport wants other cities to join harbor debate

GULFPORT — Gulfport wants three other Harrison County cities to join it in asking the Legislature to settle a dispute with Secretary of State Delbert Hosemann over who controls harbors along the Gulf Coast. Hosemann contends the 1989 Public Tidelands Trust Act gives him authority over the harbors and the cities need to sign leases and share revenue with the ...

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Northrop spinning off shipbuilding; academy still planned

PASCAGOULA — Defense contractor Northrop Grumman Corp. said today its board has approved the expected spin-off of its shipbuilding business to stockholders, following nearly a year of mulling alternatives for the struggling unit. Under terms approved by the board, Northrop Grumman stockholders will receive one share of the shipping business, Huntington Ingalls Industries Inc., for every six shares of Northrop ...

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Reeves supports Budget Committee's decision

JACKSON — State Treasurer Tate Reeves has released a statement in support of recent action by the Joint Legislative Budget Committee. Reeves wrote: “Today, the Joint Legislative Budget Committee adopted the Revenue Estimating Committee’s revisions from its November estimate — a 0.9 percent increase for FY 2011 and a 1.4 percent increase for FY2012. “With the economy still recovering, the ...

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Lawmakers backing ITC approval of antidumping duties

WASHINGTON — U.S. Senators Thad Cochran and Roger Wicker (R-Miss.), along with Congressman Steven Palazzo (R-Miss.), today praised U.S. International Trade Commission (ITC) approval of a five-year extension of antidumping duties that they say have served to protect the U.S. shrimp industry from unfair import practices. Cochran, Wicker and Palazzo were among the lawmakers who earlier this year urged the ...

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Furniture makers allege price-fixing scheme

ABERDEEN — Five North Mississippi furniture manufactures have sued over what they claim was a price-fixing conspiracy involving foam products. The lawsuit was filed March 11 in U.S. District Court in Aberdeen. The plaintiffs are H.M. Richard Inc., Foamco Sales Inc., Prime Designs Inc., Legends Inc. and Houston Foam Fabricators Inc. The lawsuit, which gives only one side of the ...

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Minor, ex-judges' re-sentencing postponed

JACKSON — A federal judge has postponed a re-sentencing hearing for imprisoned former attorney Paul Minor and two former Mississippi judges in a judicial corruption case. Attorneys for Minor and former Harrison County judges Wes Teel and John Whitfield are asking U.S. District Judge Henry Wingate to throw out the convictions. Wingate had said he would re-sentence the men today ...

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Entergy offering assistance to Japanese

NEW ORLEANS — Entergy Corporation reports its nuclear employees are closely monitoring the situation in Japan in coordination with the U.S. Nuclear Regulatory Commission, the Nuclear Energy Institute (NEI), the Institute of Nuclear Power Operations and industry peers. Working through NEI, Entergy says it has offered its support and assistance to the Japanese nuclear industry. Entergy added that its nuclear ...

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Veterinary neurology efforts expanded at MSU

STARKVILLE — Pet owners in Mississippi and surrounding states can turn to Mississippi State University’s College of Veterinary Medicine when their animals develop neurological problems. Dr. Andy Shores joined MSU’s College of Veterinary Medicine as a clinical professor of neurosurgery and neurology and is leading the efforts to establish a partnership with a human imaging facility. The board-certified neurologist has ...

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