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Daily Archives: March 26, 2012

American Institute of Banking courses now eligible for VA funding

U.S. military veterans are now eligible to earn the American Institute of Banking’s new (AIB) Military Banking Operations Diploma as part of their educational benefits provided by the Department of Veterans Affairs (VA). The VA approved the training program as a way of assisting veterans’ post-service careers. To make the program even more attractive to busy professionals and service members, ...

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Transocean chief executive hoping for comprehensive oil spill settlement

NEW ORLEANS — The head of Transocean Ltd. says the company is hoping for a comprehensive legal settlement of claims resulting from the BP oil spill. Transocean chief executive Steve Newman told a conference of investment analysts in New Orleans today such a settlement would have “to recognize the relationship” between a drilling company and a drilling site operator. The ...

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Cochran says NOAA funding recommendations lack emphasis on Gulf

MISSISSIPPI GULF COAST — U.S. Sen. Thad Cochran (R-Miss.) has expressed strong concerns about funding recommendations for the National Oceanic and Atmospheric Administration (NOAA) and its “lack of emphasis on the Gulf of Mexico.” At a hearing to review FY2013 budget requests for the Department of Commerce, Cochran challenged recommendations to terminate NOAA research programs that support the ecology of ...

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Cal-Maine sees increased sales, but profits tumble 22 percent

JACKSON — Cal-Maine Foods Inc., the egg seller and distributor, said today that its fiscal third-quarter profit tumbled 22 percent, weighed down by rising feed costs. President and CEO Dolph Baker said in a statement that the company expects feed costs will remain very high and volatile throughout the summer due to tight supplies of corn and soybeans, which are ...

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Court cancels oral arguments on city's proposed annexation

TUPELO — The Mississippi Supreme Court has canceled oral arguments scheduled for April 10 on the city of Tupelo’s annexation case. The Northeast Mississippi Daily Journal reports the decision means the justices won’t hear live testimony from attorneys on either side of the issue but will rule entirely on written briefs. Earlier, Tupelo had opposed a request by Lee County ...

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Ex-Sen. Lott testifies in brother-in-law Scruggs' case

OXFORD — Former U.S. Sen. Trent Lott (R-Miss.) has testified that he never promised to recommend a Hinds County judge for a federal post and never consulted with his brother-in-law — imprisoned former attorney Richard “Dickie” Scruggs — when he reviewed candidate’s resumes for those jobs. The Northeast Mississippi Daily Journal reports Lott was the first witness today in federal ...

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Report: Davis used campaign funds for car, treatment, credit card payments

SOUTHAVEN — Southaven Mayor Greg Davis used campaign money for a $30,000 car, treatment at an Arizona stress clinic and $75,000 in personal credit card payments. The spending, legal in Mississippi, showed up in campaign finance reports, The Commercial Appeal said. Nothing in Mississippi law forbids personal use of campaign money — a loophole that state Rep. Henry Zuber III, ...

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Court denies motion to reconsider wind-versus-water decision

JACKSON — The Mississippi Supreme Court has denied motions to reconsider its ruling last December that overturned a judgment for an insurance company in a wind vs. water case. The case involved a Pascagoula home hit by 6.3 feet of storm surge during Hurricane Katrina in 2005. Both the homeowners and Nationwide Mutual Fire Insurance Co. had asked the court ...

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Justices uphold decision to throw out jury award against Trustmark

JACKSON — The Mississippi Supreme Court has upheld its decision to throw out a $3.72 million jury award against Trustmark National Bank in a lawsuit brought by a construction firm. The Clarion-Ledger reports the construction company had accused the bank of improperly giving the state $1 million from the firm’s account. In 2009, A Hinds County Circuit Court jury returned ...

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TVA top managers make more than members of Congress

NORTH MISSISSIPPI — Top managers at the Tennessee Valley Authority now make more than members of Congress, who are paid $174,000 annually. The Chattanooga Times Free Press reports TVA is paying out nearly $30 million a year more for 155 of its top leaders since Congress removed salary limits at the federal utility in 2004. Former TVA chairman Craven Crowell ...

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