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Monthly Archives: April 2011

Chevron awards construction contract to KBR

PASCAGOULA — KBR of Houston, Texas, has been awarded a $65-million contract by Chevron Products Company to execute a Base Oil expansion project at Chevron’s refinery in Pascagoula. The construction project includes building a new lubes hydrocracker and a lube dewaxing/hydrofinishing unit. KBR intends to hire staff locally for the execution of this project. Work is expected to begin in ...

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Natchez CVB: Flood will have little impact on city

NATCHEZ — The Natchez Convention & Visitors Bureau is fielding inquiries from travelers about the impact to the area from the rising Mississippi River, which is expected to see an historic flood. The CVB says with the exception of Natchez-Under-the-Hill, the city would not be impacted. The CVB reports a number of travelers with vacation plans that include a stay ...

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Gaming Commission orders casinos to shut down

TUNICA — As the Mississippi River rises to near-record levels, Tunica’s nine casinos will shut down indefinitely, displacing about 10,000 workers and costing millions in lost dollars for the Delta community. Larry Gregory, executive director of the Mississippi Gaming Commission, issued closure orders yesterday to ensure the safety of visitors and workers. The casinos will close on a staggered schedule ...

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Storms leave 32 dead; Barbour declares emergency

ACROSS MISSISSIPPI — Gov. Haley Barbour has declared a state of emergency for 39 Mississippi counties and the Mississippi Band of Choctaw Indians after severe storms moved across the state. That may have to be expanded, however. The Mississippi Emergency Management Agency has received initial reports of damages from 48 counties across the state and the Mississippi Band of Choctaw ...

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Hampton Inn wins national award for excellence

VICKSBURG — The Vicksburg Hampton Inn & Suites is the recent recipient of the coveted Hampton 2010 “Circle of Excellence” award for its placement in the brand’s top 10 percent out of 1750 Hampton Inns worldwide. This marks the fourth time the hotel has won the “Circle of Excellence” award. The Vicksburg property has also been granted its fifth “Excellence ...

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Hancock Fabrics posts loss for quarter, year

BALDWYN — Hancock Fabrics Inc. has announced financial results for its 2010 fiscal year and fourth quarter ended Jan. 29, 2011. Net sales for the year were $275.5 million, compared with $274.1 million in the previous year, and comparable store sales were flat over the last two years. Operating income for the year was a loss of $5 million, a ...

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Pratt & Whitney rocket engine passes major milestone

HANCOCK COUNTY — Pratt & Whitney Rocketdyne successfully completed the design certification review for the upgraded RS-68A engine configuration, demonstrating the hydrogen-fueled engine has met all requirements to power heavy-lift vehicles into space. The Engine System Design Certification Review, conducted March 31-April 1 by the customer and Pratt & Whitney Rocketdyne, evaluated the RS-68A engine configuration against detailed requirements and ...

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Trustmark posts $24M first-quarter net income

JACKSON — Trustmark Corporation reported net income available to common shareholders of $24 million in the first quarter of 2011, which represented basic and diluted earnings per common share of $0.38 and $0.37, respectively. Trustmark’s performance during the quarter produced a return on average tangible common equity of 11.65 percent and a return on average assets of 1.02 percent. Trustmark’s ...

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FNC: Clients ready for new online appraisal reports

OXFORD — When the GSE’s Uniform Collateral Data Portal (UCDP) goes live in June, FNC Inc. clients will be ready, the mortgage technology company announced. As of June 27, Fannie Mae and Freddie Mac will begin accepting appraisal reports via an Internet portal specifically designed to receive the property information and valuations as electronic data. However, lenders will not be ...

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Dahl named to MTR Gaming board of directors

CHESTER, W.V. — MTR Gaming Group Inc. that its board of directors has appointed Jeffrey J. Dahl, president and CEO of the company, as a director to fill a vacancy on the board. Steven Billick, chairman of MTR Gaming, said, “(Dahl’s) performance since becoming CEO earlier this year has been excellent as the company enters 2011, a pivotal period for ...

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