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Monthly Archives: April 2012

Study: State's economy saw 'rough year' in 2011

ACROSS MISSISSIPPI — The April 2012 issue of the Mississippi Economic Outlook, a quarterly publication replacing the bi-annual Mississippi Economic Review and Outlook, is now available online at www.mississippi.edu/URC. Published by the Center for Policy Research and Planning of the Institutions of Higher Learning (IHL), the Outlook presents the state economic forecast for 2012 to 2017, and includes detailed employment ...

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River Oaks physician performs new surgery for first time in state

FLOWOOD — River Oaks Hospital reports it is pioneering the use of a minimally invasive surgical device to treat the sacroiliac (SI) joint. Dr. Winston Capel, a neurosurgeon, has performed the state’s first SI joint fusion surgery at River Oaks Hospital using the minimally-invasive iFuse Implant System, according to the hospital. Capel, who according to River Oaks is the only ...

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Bryant signs bill removing port from state oversight

GULFPORT ­ — Legislation that removes the Port of Gulfport and its $570 million post-Hurricane Katrina expansion and renovation from state government oversight has been signed by the governor. House Bill 1091 took effect with Gov. Phil Bryant’s signature this past week. The bill exempts the Port of Gulfport from state-agency bidding and purchasing oversight and declares it to be ...

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FNC Inc. index finds U.S. home prices still weakening

OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values continued to show signs of persistent weakening, ending in February with a seventh consecutive month-to-month decline. Despite sharply rising activities in existing home sales and new housing starts from a year ago, prices on non-distressed home sales (excluding foreclosure auction sales, REO sales, and short sales) ...

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The First seeing impact from Whitney acquisition

HATTIESBURG — The First Bancshares Inc., holding company for The First, A National Banking Association, reported earnings for the quarter ended March 31, 2012. The First Bancshares also announced a quarterly dividend of $0.0375 per common share. The record date will be May 10, 2012 with a payable date of May 24, 2012. Net income available to common shareholders for ...

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Corps says remains of Red Barn to be removed this month

ROLLING FORK — The U.S. Army Corps of Engineers expect to have the remains of the iconic Red Barn removed by June 15. The barn off U.S. 61 North was built by the Graft family in 1918, the old barn collapsed in heavy winds nearly a year ago. Corps spokesman Kavanaugh Breazeale tells the Vicksburg Post work to take down ...

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Wind Pool buys $815M in reinsurance for upcoming hurricane season

MISSISSIPPI GULF COAST — Jackson County board member Mark Cumbest says Mississippi’s insurer of last resort has bought $815 million in reinsurance for the coming storm season. Reinsurance — essentially insurance for insurers — is a major driver of policy premiums. It protects the Mississippi Windstorm Underwriting Association from debilitating claims, such as those created by Hurricane Katrina in 2005. ...

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Construction bond package misses legislative deadline

JACKSON — A bond package that would have provided funding for repairs and new construction across Mississippi died when a Saturday deadline passed, though the legislature continued making strides yesterday to finish the budget process. Republican Lt. Gov Tate Reeves held his line this weekend, demanding a smaller bond package than the $250 million proposal by House leaders. Reeves told ...

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St. Dominic's new behavioral health facility now open

JACKSON — The first phase of St. Dominic’s new Behavioral Health Services building housing the acute care psychiatric hospital is now complete and open for patients. Instead of renovating the existing Behavioral Health Services building, which was in need of substantial repairs, St. Dominic’s partially razed the building and reconstructed it in the same location. While part of the facility ...

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Airport improvements to be funded almost entirely from grants

HATTIESBURG — Hattiesburg officials say they hope to pick up only 5 percent of the cost on more than $1 million worth of recent improvements at Chain Municipal Airport. During the past 18 months, city engineer Bert Kuyrkendall says Hattiesburg has received three Federal Aviation Administration grants, which by the end of the 2012 calendar year will have provided about ...

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