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Daily Archives: August 25, 2011

Home2 Suites extended stay breaks ground in Ridgeland

Home2 Suites by Hilton broke ground Thursday near the Renaissance at Colony Park shopping area in Ridgeland for the brand’s 13th extended-stay hotel. The property will be the second Home2 Suites in the Mississippi market, following the D’Iberville hotel that is currently under construction and slated to open in June 2012. The 4-story, 92-suite hotel to go up at 526 ...

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Dissent gets New York AG booted from foreclosure investigative panel

New York Attorney General Eric Schneiderman just couldn’t play nice with his fellow attorneys general in their quest to settle with America’s largest banks and mortgage companies over flawed foreclosures. Iowa Attorney General Tom Miller kicked Schneiderman off the 13-member executive committee of attorneys general he chairs after the New Yorker raised too many objections about a possible settlement with ...

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Nationwide, more money does not equal better education

Nationwide, growth in public school spending hasn’t led to significant academic improvement. What it has led to is more teachers and administrators. In our recent story “Miss. school choice,” the MBJ highlighted information from the Mississippi Center for Public Policy that shows that over time more money has been added to the state public school system, but student achievement has ...

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UMMC to begin liver transplants next year

JACKSON — With the addition of a new transplant surgeon, the University of Mississippi Medical Center will begin offering liver transplants next year. Dr. Chris Anderson, who specializes in adult and pediatric liver and kidney transplants, has joined UMMC and will see patients through University of Mississippi Health Care. Anderson, a Lucedale native who previously worked at Washington University in ...

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DRA, SBA strike new Delta-focused partnership

MISSISSIPPI DELTA — The Delta Regional Authority and the Small Business Administration have announced a new partnership aimed at recruiting financial institutions to the Delta to help businesses in the region. Officials with the two agencies planned to announce the new agreement at an event this morning at Mid-South Community College in West Memphis, Ark. They’re signing a memorandum of ...

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Trustmark opening new downtown Tupelo office

TUPELO — Trustmark plans to open a new corporate office in Tupelo. The Fairpark Crossing office will consolidate Jackson-based Trustmark’s Tupelo main office operations, retail and commercial banking, mortgage and wealth management, as well as insurance services offered through Fisher Brown Bottrell, Trustmark’s insurance subsidiary. Set to open by year-end, the 11,152-square-foot office is located at the intersection of Main ...

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Hosemann extends cemeteries' cease and desist order

CORINTH and BOONEVILLE — The Secretary of State signed an order continuing a cease and desist order issued against Forrest Memorial Park of Corinth and Oaklawn Memorial Park of Booneville. Both cemeteries may no longer sell any pre-need goods and services to the public. “With over $100,000 missing from their perpetual care trust accounts, our agency believes these two cemeteries ...

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RealtyTrac: State's foreclosures 'dropped sharply'

ACROSS MISSISSIPPI — The number of Mississippi homes being sold in some stage of foreclosure has dropped sharply over the past year. Irvine, Calif.-based RealtyTrac said 99 foreclosed homes were sold in the state in the April-through-June period at an average price of $145,331. That represented a 20.7 percent discount from homes that were not in foreclosure and 9.5 percent ...

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Judge rules for state in tobacco lawsuit

JACKSON COUNTY — Attorney General Jim Hood’s lawsuit against Brown & Williamson (B&W) Tobacco Corporation received an $8 million victory in court. Judge Jaye A. Bradley, in the Chancery Court of Jackson County, issued a ruling on Hood’s motion to enforce settlement against B&W. The original tobacco settlement requires the company to pay Mississippi for every cigarette it makes and ...

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Sanderson Farms reports increased sales, big losses

LAUREL — Sanderson Farms Inc. reported net sales for the third quarter of fiscal 2011 of $511.2 million, compared with $489.1 million for the same period a year ago. For the quarter, the poultry company reported a net loss of $55.7 million, or $2.51 per share, compared with a net income of $36.1 million, or $1.55 per share, for the third ...

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