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Daily Archives: August 8, 2011

Entergy sees record demand during scorching heat

JACKSON — As customers struggle to stay cool during the massive heat wave currently smothering the South, Entergy Corporation utilities are working around the clock to meet a surging demand for power. Entergy utilities’ 2.7 million customers in Louisiana, Arkansas, Mississippi and Texas set record levels of electrical demand last week, according to preliminary estimates, as air conditioners and fans ...

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Cruise line bringing larger ship to Big Easy

NEW ORLEANS — Norwegian Cruise Line is replacing its New Orleans-based ship with a larger one. CityBusiness of New Orleans said the company will send the Spirit to the Mediterranean on April 15 to spend the summer in Europe. It has a capacity of 2,018 passengers. Coming to New Orleans on Nov. 4, 2012, will be the Norweigian Star, with ...

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Officials to unveil findings of railroad study

TUPELO — The results of Tupelo’s $2.2-million railroad relocation study will be discussed Thursday at a public meeting. The Northeast Mississippi Daily Journal reports the study recommends elevating the Burlington Northern Santa Fe railroad track above the city to alleviate mounting traffic congestion. It t provides no recommendation for raising the $400 million needed for the project. Mayor Jack Reed ...

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Ole Miss moves into top 20 in Forbes' ranking

OXFORD — The University of Mississippi has picked up a new accolade for its academic programs, climbing into the Top 20 of Forbes’ “Best Buy Colleges.” The list is part of the annual America’s Best Colleges section, which includes several rankings and data on 650 colleges and universities. After being ranked No. 24 last year, Ole Miss moved up to ...

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Creating money

The Mississippi Development Authority (MDA) and Mississippi Arts Commission are offering the state’s first Creative Economy Summit this week that will include the unveiling of a first-of-its-kind comprehensive study of Mississippi’s creative industries. Communities such as Oxford, Meridian and the Mississippi Gulf Coast have found success in growing their “creative economy” — adding jobs and enhancing communities’ quality of life ...

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Port gets grant for new security training, equipment

PASCAGOULA — Jackson County Sheriff Mike Byrd says a $358,485 federal port security grant will provide new training and new equipment to monitor and protect critical business near the Pascagoula port. Byrd tells The Mississippi Press that he applied for the grant because deputies patrol the port, Chevron, Mississippi Phosphate and Ingalls Shipyard. The grant is part of a $200-million ...

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City taking over ownership of historic hotel

GULFPORT — Gulfport’s City Council has voted to take ownership of a closed, historic hotel that needs major repairs, although a current owner says that effort will be fought. The Markham hotel was built in the 1920s. In later years it was used for office space but now officials describe it as a blighted home for vagrants and rodents. It ...

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BancorpSouth selling two branches in Texas

TUPELO — BancorpSouth Inc.’s subsidiary, BancorpSouth Bank, and the First National Bank of Hughes Springs, Texas, have entered into an agreement under which BancorpSouth will sell to First National its two banking locations in Maud and Redwater, Texas. Terms were not disclosed. The transaction will be effective at the close of business Dec. 31.  At that time, First National will ...

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State begins proceedings against Morgan Keegan staffers

JACKSON — The Mississippi Secretary of State’s Office today began its administrative proceeding against Brian B. Sullivan, Gary Stringer and Michelle Wood, employees of Morgan Keegan & Company and Morgan Asset Management. These individuals are believed to have participated in providing Mississippi investors inaccurate information regarding the bond funds in which Mississippi investors lost millions of dollars. Morgan Keegan & ...

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Sanders leading new office

Oxford resident Alex Sanders, CPA, has been named manager of GranthamPoole CPA’s new office in Oxford. A native of Yazoo City, Sanders received his bachelors of business administration degree in accounting and management information systems from Baylor University and his masters of accountancy degree from the University of Mississippi. Sander’s past experience includes five years with a local accounting firm ...

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