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Daily Archives: March 2, 2012

Half of banks in Southeast still not out of trouble, Fed says

A majority of banks in the Southeast U.S. supervised by the Federal Reserve Bank of Atlanta remain troubled more than two and a half years after the recession ended, said Michael Johnson, senior vice president for supervision and regulation. “We have over 600 bank holding companies in our district, and still to this day over 50 percent of them are ...

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Legislation could mean higher state corporate income taxes

JACKSON — Corporations could end up paying around $30 million more in income taxes under changes to the tax code approved yesterday by the Mississippi House Ways and Means Committee. But it’s not a tax increase, said Rep. Jerry Turner, R-Baldwyn, who helped shepherd the bill in committee. “As this income is made off the citizens of the state of ...

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Cochran questions returning unused CIAP funding

MISSISSIPPI GULF COAST — U.S. Sen. Thad Cochran (R-Miss.) is questioning the justification behind the Department of the Interior budget request to rescind $200 million in funding intended to pay for conservation projects in Mississippi and other Gulf Coast states. Cochran participated in a Senate Interior Appropriations Subcommittee hearing to review the FY2013 budget request for the U.S. Department of ...

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Personhood opponents angry over new life-at-conception bill

JACKSON — Opponents say they are angry that Mississippi lawmakers are considering proposals to declare life begins at conception, months after voters rejected a similar constitutional amendment. Several bills would also put new restrictions on abortion in a state that already requires a 24-hour waiting period before any abortion can be performed and parental consent for a minor seeking the ...

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EADS North America delivers 200th helicopter to military

COLUMBUS — EADS North America has delivered the 200th UH-72A Lakota light utility helicopter (LUH) to the U.S. Army. EADS North America commemorated the event yesterday at a ceremony at the company’s American Eurocopter production facility in Columbus. “Today marks another significant milestone for the Lakota program — the only DoD program of this size and scope to remain 100 ...

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House passes beer bill; held for more debate

JACKSON — A bill that passed the Mississippi House yesterday could lead to the sale of stronger beer. House Bill 1422 would raise the allowable alcohol by weight on beer sold in the state from 5 percent alcohol by weight to 8 percent. Mississippi has the lowest alcohol cap for beer in the country. Advocates say the change say will ...

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Celia Emmerich, matriarch of newspaper family, dies

JACKSON — Celia Emmerich, the matriarch of the Emmerich newspaper family, died yesterday at her home in Jackson. She was 80. The family said in a statement that she died of a heart attack. Celia Emmerich was the widow of former Associated Press board member and ex-Greenwood Commonwealth editor/publisher John Emmerich. John Emmerich died in 1995. Funeral services are 4 ...

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Dallas company looking to purchase Seventh Knight via stock swap

VICKSBURG — Fusion-Q of Dallas, Texas, has made a tender offer to acquire the shares of Seventh Knight Inc. Under the terms, Fusion-Q has tendered an offer to acquire Seventh Knight with Fusion-Q preferred stock in exchange for the 9,674,403 shares of common stock outstanding stock of Seventh Knight. Thereafter, each Fusion-Q preferred share would be convertible into one share ...

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Entergy Mississippi utility bills expected to decrease

JACKSON — Customers of Entergy Mississippi Inc. will likely see their rates drop further in April, May and June, according to the utility. The company recently submitted its routine quarterly fuel adjustment to the staff of the Mississippi Public Service Commission. If approved, the typical residential customer using 1,000 kilowatt hours per month will pay roughly $90.60, beginning April 1. ...

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