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Daily Archives: March 24, 2011

SBA chooses Calhoun as Mississippi's best

JACKSON — Small Business Person of the Year winners from 50 states, the District of Columbia, Puerto Rico, the Virgin Islands and Guam will converge on Washington, D.C., in mid May 2011, when one of them will be selected as National Small Business Person of the Year. The state winner from Mississippi is John D. Calhoun, Ph.D., CEO of Integrated ...

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Feds charge TVA subcontractor with lying about inspections

NORTH MISSISSIPPI — Federal prosecutors have charged a subcontractor employee at the Tennessee Valley Authority’s Watts Bar Nuclear Plant with lying about inspections. The U.S. attorney in Knoxville, Tenn., said today that 31-year-old Matthew David Correll of Hixson, Tenn., has been charged in a two-count indictment with making false statements. Prosecutors say the inspections were related to planning for safety system ...

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Ergon selling interest in Lion Oil Company to Delek

JACKSON — Ergon Inc. has entered into an agreement to sell its 53.67 percent ownership interest in Lion Oil Company to Delek US Holdings Inc., a publicly traded company and an existing shareholder of Lion. Upon the closing of the transaction during the second quarter 2011, subject to customary closing conditions, Lion will transfer, among other things, its 100 percent ...

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LDH Energy selling business unit, including Hub City facility

HATTIESBURG — Louis Dreyfus Highbridge Energy, LLC (LDH Energy) has entered into a definitive agreement to sell its Midstream Assets business segment, LDH Energy Asset Holdings, LLC, to ETP-Regency Midstream Holdings, LLC, a joint venture owned by Energy Transfer Partners, L.P., and Regency Energy Partners, L.P., for approximately $1.925 billion in cash. LDH Energy’s Midstream Assets consist of energy infrastructure ...

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Is Toyota plant going to be put on hold again?

By Wally Northway It could be that production at the Toyota manufacturing plant in Blue Springs is going to be delayed — again — this time due to the March 14 earthquake/tsunami in Japan. Yesterday, Toyota released a statement saying it had “communicated to team members, associates and dealers (in North America) that some production interruptions in North America are ...

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BEA: State ranks last in U.S. in personal income

ACROSS MISSISSIPPI — Personal income in Mississippi rose slightly faster than the national average in 2010 — but the state ranked at the bottom of the United States, the U.S. Bureau of Economic Analysis reports. The BEA said that personal income in Mississippi rose 3.1 percent, slightly higher than the 3 percent national figure. But Mississippi’s per-person personal income, $31,186, ...

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CO2 sequestration legislation signed into law

JACKSON — Gov. Haley Barbour has signed legislation designed to expand energy production and attract related investment and jobs in oil and natural gas production. Senate Bill 2723 establishes standards by which the Mississippi Department of Environmental Quality and the Mississippi Oil and Gas Board will oversee and monitor geologic carbon dioxide sequestration, which is used in enhanced recovery of ...

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Barbour wants cuts, lawmakers unsure what to trim

JACKSON — House and Senate budget writers say Gov. Haley Barbour wants them to shave $77 million from the spending plan they’re proposing for next fiscal year, but it’s unclear which agencies or programs would take the brunt of the cuts. Lawmakers are in the final days of the 2011 session and face a Saturday deadline to file a spending ...

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Senate rejects proposal to vote again on redistricting plan

JACKSON — The Mississippi Senate has rejected a proposal aimed at jump-starting negotiations over legislative boundaries, an action that came after nearly all of the chamber’s Republican members met privately with Lt. Gov. Phil Bryant. Sen. Hob Bryan, D-Amory, tried a parliamentary maneuver yesterday that would have allowed the Senate to vote anew on its map of new Senate districts ...

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