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Daily Archives: November 1, 2011

Ships for Egyptian Navy christened at VT Halter

PASCAGOULA — Dedication ceremonies have been held at VT Halter Marine in Pascagoula for the first of four fast missile ships being built for Egyptian navy. It’s named after the former commander in chief of the Egyptian navy, Soliman Ezzat. The Egyptian navy will use the vessels to patrol and defend its coastal waterways of the Red Sea, Mediterranean Sea ...

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Huntington Ingalls awarded U.S. Navy contract

PASCAGOULA — Huntington Ingalls Industries has been awarded a $13-million contract for continued work on the U.S. Navy’s Zumwalt (DDG 1000) class of destroyers. This is a modification to a previously awarded contract. Work will be performed at Ingalls Shipbuilding yards in Pascagoula and Gulfport. The work for this contract will provide technical and industrial engineering in the interpretation and ...

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Transocean: BP contract shields it from paying for oil spill

GULF OF MEXICO — Transocean Limited, the company that owned the drilling rig that exploded in the Gulf of Mexico last year, argued in court documents filed today that its contract with BP shields it from having to pay for the largest offshore spill in the nation’s history. In court documents filed in federal court in New Orleans, Transocean said ...

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First Corolla to roll off Toyota line this month

BLUE SPRINGS — The first Corolla will roll off the assembly line during a ceremony this month at Toyota’s northeast Mississippi plant at Blue Springs, a company spokeswoman said today. Toyota spokeswoman Barbara McDaniel says the event will begin at 11 a.m. Nov. 17. It is invitation only. She says invitations were mailed out this past week to members of ...

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Bank of America joins parade of banks dropping debit fees

Hoping to head off a customer uprising, Bank of America became the latest U.S. banking giant to drop plans for charging customers monthly fees for debit card use. The Charlotte financial services company had planned to initiate a $5 fee at some point in 2012. But after Wells Fargo, Chase, SunTrust and Regions eliminated fees in the past few days ...

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A.B. Data to distribute $200M to Morgan Keegan investors

JACKSON — The U.S. Securities & Exchange Commission and regulators from Tennessee, Alabama, Kentucky, Mississippi and South Carolina have appointed A.B. Data, Ltd. of Milwaukee, Wis., to distribute $200 million to investors from the regulators’ settlements with Morgan Keegan & Company and Morgan Asset Management. The settlements resulted from an investigation of seven proprietary bond funds sold by Morgan Keegan ...

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April storms cost county more than $1M

OXFORD — The April 27 storms that slashed across Lafayette County have cost the county $1.4 million, according to county administrator Joseph Johnson. Johnson tells the Oxford Eagle that figure includes contractor work for debris removal. A tornado tore apart at least 18 homes in the Pine Flat community in Lafayette County, but no one was killed or seriously injured. ...

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Reed's Metals gets components new purlins mill

BROOKHAVEN — Reed’s Metals has received the last shipment of equipment for its new purlins mill. Getting the 65,000-pound component for Reed’s Metals’ new purlins mill would be no easy task. A coordinated effort involving four wrecker service trucks’ tow cable systems was needed to get the heavy equipment lowered from the delivery truck to the ground. “This is the ...

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Main Street turns attention to blighted properties

GULFPORT — Now that downtown historic storefronts have been renovated, drawing new tenants and customers, Gulfport’s Main Street director is turning her attention to vacant lots potentially contaminated by petroleum or hazardous chemicals. The city wants to identify and assess contaminated properties that can be returned to productivity, generating jobs and tax revenue. Lisa Bradley, executive director of Gulfport Main ...

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