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Daily Archives: January 26, 2012

Obama set to open up 38 million acres in Gulf to oil, gas exploration

The Washington Post reported Thursday that President Barack Obama says his administration will open a large swath in the Gulf of Mexico for oil and gas exploration and development, fending off criticism that his policies have stifled domestic energy production. Obama is discussing the sale of the oil and gas drilling leases for nearly 38 million acres in the Gulf. ...

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Fitch puts Mississippi Valley Title on 'Rating Watch Negative'

MADISON — Fitch Ratings has placed the ratings of Old Republic International Corporation’s (ORI) and its insurance company subsidiaries, including Mississippi Valley Title Insurance Company, on “Rating Watch Negative.” Fitch reports: “The Rating Watch reflects uncertainty as to ORI’s ability to continue to avoid a covenant breach under its debt obligations in light of ongoing challenges at its troubled mortgage ...

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Interior Department to sell offshore gas leases in June

GULF OF MEXICO — The Department of Interior says it has set a June date for the next Gulf offshore oil and natural gas lease sale. The sale will include all available unleased areas in the Central Planning Area offshore Louisiana, Mississippi and Alabama. The sale will take place in New Orleans on June 20. The proposed lease sale includes ...

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Property owner balks on homeless shelter project

VICKSBURG — Plans for a transitional shelter for homeless people near the former ParkView Regional Medical Center have been scrapped. But planners tell the Vicksburg Post they will look for another site. Owners of the property where the former medical complex sits “weren’t interested in making it available for it anymore,” said Tina Hayward, executive director of Mountain of Faith ...

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Keesler FCU gets five-star rating from Bauer Financial

BILOXI — Bauer Financial Inc. has ranked Keesler Federal Credit Union as a “Superior 5-Star” credit union. “The recent uproar against big banks has shed a whole new light on the credit union model, said Karen L. Dorway, president of Bauer Financial. “While the primary focus of the big banks is dividend payments, smaller banks and credit unions tend to be locals ...

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First M&F reports increased earnings last year

KOSCIUSKO — First M&F Corp. reports 2011 net income of $4.373 million, compared to a net income of $4.011 million for 2010, a nine percent increase. Earnings allocated to common shareholders were $2.584 million, or $0.28 basic and diluted earnings per share, compared to earnings of $15.071 million, or $1.66 basic and diluted earnings per share for 2010. Earnings attributable ...

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Iuka's J.P. Coleman State Park Wins Transient Boat Grant

Owners of large boats will soon have more choices for docking their boats for stays of 10 days or less in Mississippi, Alabama, Arkansas and Louisiana. Recreational parks in the three states are among the dozen winners of the U.S. Department of Interior’s “BIG Grant” competition for more than $7.5 million in grants. The Interior Department awarded the grants to ...

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Pardon files missing on former Governor's Mansion trusties

JACKSON — Pardon files are missing or don’t exist for four convicted killers and another man who worked as trusties at the Governor’s Mansion and were pardoned by former Gov. Haley Barbour during his final days in office. The Associated Press made public records requests for such documents, but state officials said yesterday they don’t have them on the trusties ...

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Ex-BP worker files whistleblower lawsuit over oil spill cleanup

MISSISSIPPI GULF COAST — A former BP employee has filed a whistleblower lawsuit against the company, claiming he was fired for airing concerns about the cleanup of Mississippi’s shoreline after the Gulf oil spill. In a federal suit filed last Friday in New Orleans, August Walter claims one of his BP bosses manipulated data on shoreline cleanup and didn’t give ...

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US Airways to offer Jackson-to-Washington service; replacing Delta

JACKSON — The United States Department of Transportation (USDOT) has granted US Airways the temporary authority to operate nonstop service from the Jackson-Medgar Wiley Evers International Airport (JAN) to Ronald Regan Washington National Airport (DCA). The announcement was made jointly by Congressman Bennie G. Thompson (D-Miss.) and the chairman of the Jackson Municipal Airport Authority (JMAA), Dr. Glenda B. Glover. ...

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