Home » 2012 » January » 25

Daily Archives: January 25, 2012

CNBC: KiOR 'bleeding cash'

Update: Today (Jan. 27) KiOR announced that it has closed a $75 million four-year term loan with a lender group comprised of an affiliate of Vinod Khosla and two Canadian corporations owned by certain pension fund clients of Alberta Investment Management Corporation (AIMCo). KiOR is listed along with Achillion Pharmaceuticals, Sears Holdings and Rite Aid as companies that “are expected ...

Read More »

Foley Products opening plant, creating 40 jobs

PRENTISS — Foley Products Company, manufacturer of precast concrete products, is opening a facility in Prentiss.  The project represents a company investment of more than $7 million and will create 40 new jobs, according to the Mississippi Development Authority (MDA). “Mississippi is a key component of our southeastern strategy. We plan to have our facility online in 2012 so we ...

Read More »

BancorpSouth closes offering; BancorpSouth Insurance launches app

TUPELO — BancorpSouth Inc. has closed an underwritten public offering of 10,952,381 shares of its common stock at a price to the public of $10.50 per share. The gross proceeds from the offering, before expenses, were $109.3 million. The proceeds from the offering will be used by the financial institution for general corporate purposes, including to maintain certain capital levels ...

Read More »

Carter Commentary: Getting us back to 'Made in America'

Is there an assembly line somewhere that turns out these tired opposition party responses to State of the Union addresses? Year after year, it doesn’t matter whether the chief executive delivering the speech is a Democrat or Republican, within minutes of the speech’s completion the worn-out rhetoric begins. Which brings us to Tate Reeves, Mississippi’s new lieutenant governor. The president, ...

Read More »

Officials to break ground for new Choctaw County Hospital

ACKERMAN — The Choctaw County Medical Foundation and Pioneer Health Systems will hold a ground-breaking ceremony Friday for the new Choctaw County Hospital in Ackerman. Pioneer Health Systems, the parent Pioneer Community Hospital of Choctaw, is building the hospital and a medical office building in Ackerman. U.S. Rep. Alan Nunnelee (R-Miss) is scheduled to speak at the 2 p.m. event ...

Read More »

State's unemployment rate dipped to 10.4 percent in December

ACROSS MISSISSIPPI — Mississippi’s unemployment rate dipped to 10.4 percent in December, as more people withdrew from the labor force. The jobless rate is down from 10.5 percent in November, but above the 10.2 percent rate in December 2010. Mississippi had the fourth-highest jobless rate among the states in December. The number of unemployed people fell from 142,500 in November ...

Read More »

Mississippi refreshes state website

The Governor’s Office has just announced that the official state website (ms.gov) has received a well-deserved touch-up. Enjoying the first overhaul in more than a decade, MS.gov was relaunched today with live chat capabilities, user-friendly tabs and a full array of social media platforms. The site will reportedly serve as a gateway to official partner sites, including 135 online services, 139 ...

Read More »

County worried about impact of Justice Department report on ESS

ELLISVILLE — The Economic Development Authority of Jones County lists Ellisville State School as the county’s third largest employer.With more than 1,500 on its employment roster, the Ellisville-based health care facility falls behind only Howard Industries and South Central Regional Medical Center as the county’s top employer. Ellisville Mayor Tim Waldrup said Ellisville State School has played a vital role ...

Read More »

Trent Lott Endorses Mitt Romney

Former U.S. senator Trent Lott more than hinted at a Mitt Romney alignment in a video interview posted today by CBSNews.com. The Pascagoula native said he would back Romney over his Republican rivals because the former Massachusetts governor stands the best chance of beating President Barack Obama in November. Recent polling show Romney in a projected dead heat with former ...

Read More »

Prentiss lands precast concrete plant, 40 jobs

Prentiss will gain 40 jobs when precast concrete products manufacturer Foley Products Co. opens a plant in the Jefferson Davis County city later this year. The project represents a company investment of more than $7 million, officials said. The company’s new Prentiss location will enable the company to better serve its customers and allow for future growth, Foley Products said. ...

Read More »