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Daily Archives: June 27, 2011

TARP pressure behind Regions putting Morgan Keegan up for sale

By Ted Carter You can toss out public relations as a reason Regions Financial, parent of Regions Bank, wants to get rid of wayward brokerage and investment banking subsidiary Morgan Keegan. It comes down to money – specifically the $3.5 billion the Birmingham-based Regions still owes the U.S. Treasury’s Troubled Asset Relief program, analysts say. J.P. Morgan analyst Vivek Juneja, ...

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BankPlus promotes Ted Williams to Rankin president

Belzoni-based BankPlus has named veteran banker Ted Williams its Rankin County president. The promotion puts Williams in charge of the bank’s Rankin County Banking Center, BankPlus said. He will work out of the bank’s Spillway Office. Williams has 23 years in the banking industry and has worked for BankPlus for more than four years. A native of Natchez, Williams graduated ...

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Board funds soybean rust detection study

STARKVILLE — Farmers have battled the yield-robbing soybean cyst nematode (SCN) for decades, but they may soon have the tools to detect a SCN infestation faster than ever. Vincent Klink, Ph.D., with the Mississippi State University Department of Biological Sciences has been funded by the Mississippi Soybean Promotion Board to research new methods to provide an accurate, rapid assessment of ...

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Dynetics bringing propulsion testing facility to state

IUKA — Dynetics, Tishomingo County and the Tri-State Commercial Park have partnered to establish a multi-purpose test facility that will provide propulsion testing services to customers for varying sizes of thrusters and engines using various fuel types. The new test site, located in Iuka on the former Yellow Creek site, is one of only a few commercial hydrazine test facilities ...

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Stark to fly UAVs from Golden Triangle Regional

LOWNDES COUNTY — Stark Aerospace soon will begin test flying unmanned aerial systems from Golden Triangle Regional Airport. Stark’s parent company is Israel Aerospace Industries, a leader in military and commercial aerospace. Locally, the company is best known for its remote-control aerial systems, which offer air and land surveillance without being heard or seen. Stark’s Heron, a UAV with a ...

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County gives tax exemption to GE Aviation

BATESVILLE — The Panola County Board of Supervisors has approved a 10-year tax exemption for machinery and equipment and a separate tax exemption for inventory for GE Aviation. The three-year-old GE Aviation plant in Batesville is set to employ 500 workers by 2013. Officials tell The Panolian that the tax exemptions will save GE Aviation about $289,800 annually. Bill Bryant, ...

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Officials hope to close hospital sale next month

OXFORD — The City of Oxford, Lafayette County and Baptist Memorial Health Care Corp. hope finalize the sale of the local hospital to Baptist by July 31. The Oxford Eagle reports that the sale will allow Baptist to get paperwork filed with the Mississippi Department of Health, which must approve construction of a new hospital. Memphis, Tenn.-based Baptist Memorial Health ...

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Flood gates close, but levee debate heats up

MISSISSIPPI DELTA — The Steele Bayou Flood Control Structure has been re-opened. The Steele Bayou structure is located north of Vicksburg and was built in 1969 to provide backwater protection from the Yazoo and Mississippi rivers. The gates were closed on 25 April in anticipation of the historic flood water levels of 2011. These gates, along with the backwater levee ...

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TekLinks moves up in VAR500 rankings

JACKSON — TekLinks  has been recognized by Everything Channel as a part of CRN’s 2011 VAR500 list, which ranks the top technology integrators in North America. Featuring the highest producing technology integrators and solution provider organizations in the IT channel, the VAR500 rankings consider earnings from hardware sales, software sales and managed IT services. Birmingham, Ala.-based TekLinks placed 269th in ...

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Homeowners face massive post-flood mold problem

As Mississippians return to their water-damaged homes following the historic Mississippi River flood, they are coming face to face with a new threat — mold. Mold can cause serious, long-term health problems, and recovery specialists urge disaster survivors to protect themselves by treating or discarding mold- and mildew-infected items. Mold and mildew start growing within 24 hours after a flood, ...

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