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Daily Archives: September 14, 2011

Head of public employee retiree group claims Barbour ‘coming after us’

By Ted Carter The head of the Mississippi Retired Public Employees Association says several legislators have warned him that Gov. Haley Barbour will work after he leaves office to alter the benefits structure of the state’s $20 billion public employers retirement system. Specifically, Barbour will lobby for curbs on retiree cost-of-living increases and will push for conversion of Public Employees ...

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Longtime Ms. Banking Commissioner John Allison stepping down

Health concerns faced by John Allison and his wife have led Allison to announce he will leave his post as Mississippi Banking commissioner Sept. 30. His departure marks the end of a four-decade career with the Mississippi Department of Banking and Consumer Finance. He took over the department as interim commissioner in 1996 and served through in that capacity through ...

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Report finds BP ultimately responsible for oil spill

GULF OF MEXICO — A key federal report goes further than other investigations and puts ultimate responsibility on BP for the worst offshore oil spill in U.S. history and the deaths of 11 rig workers, especially regarding the cement seal that was put in place the day before the explosion that triggered the spill. The report, released today, said in ...

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Court weighing decision concerning Chevron tax money

JACKSON COUNTY — Pascagoula School District leaders said the double whammy of drastically reduced state funding and potential loss of revenue from major industry will cause home and business owners’ property taxes to go up. Property tax is not going up this year, but the district said should they not prevail in a case being weighed by the Mississippi Supreme ...

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Hancock Fabrics records more losses

BALDWYN — Hancock Fabrics Inc. has released its financial results for its second quarter ended July 30, 2011 and its first half of fiscal 2011. Financial results for the second quarter include: • Net sales were $57.8 million, compared to $60.5 million for second quarter of last year, and comparable store sales decreased 4.1 percent, compared to a 0.7 percent ...

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FNC joins Asset Valuation and Marketing

OXFORD — Mortgage technology company FNC Inc., creator of the Collateral Management System (CMS) recently joined with Asset Valuation and Marketing (AVM) as a new client. The Grand Junction, Colo.-based AVM produces valuations that reflect up-to-the-minute asset conditions. AVM president Tami Rund, said, “FNC’s stellar industry reputation and outstanding service standards are a perfect match for our clients.”

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Report on cause of BP oil spill could be released today

GULF OF MEXICO — A key federal report into what caused the worst offshore oil spill in U.S. history was being readied for release as early as today amid revelations that BP made critical mistakes on the well and failed to tell its partners and the U.S. government when it realized it. An investigation team of the U.S. Coast Guard ...

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More school districts labeled successful

ACROSS MISSISSIPPI — Fewer Mississippi districts are labeled failing. More are labeled successful or better. That is a three-year trend, reflected in unofficial data released yesterday by the state Department of Education. The Clarion-Ledger reports the labels for all of the state’s schools and districts will become official Friday pending a vote by the state Board of Education. In 2009, ...

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First Toyota supplier to bring 100-plus jobs

SHERMAN — KC Integrated Services, a full-service supply chain solutions provider, is locating a logistics service center in Sherman in Pontotoc County. KC Integrated Services’ Sherman facility will service Toyota and Toyota’s Tier I suppliers, providing just-in-time delivery services to support Toyota’s production control system at its automotive manufacturing plant in Blue Springs. In addition, the Sherman facility will provide ...

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MDEQ finally lifts Pearl River advisory following fish-kill

SOUTH MISSISSIPPI — The Mississippi Department of Environmental Quality (MDEQ) has lifted an advisory for a section of the Pearl River in Pearl River County. The section extended from Highway 26 near Poplarville south to I-59 near Nicholson. MDEQ issued a water contact and a fish consumption advisory Aug. 14 due to a massive fish kill on the Pearl River ...

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