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Monthly Archives: May 2012

Fed OKs Cadence's $250 million purchase of Houston’s Encore

Remember Cadence, the little regional bank company in Starkville? It’s all grown up now after last year buying an Alabama regional banking company more than twice its size and continuing its growth spurt with Thursday’s Federal Reserve Board of Governors’ approval of the acquisition of Encore Banshares, a $1.6 billion Houston bank. Acquiring Encore is part of a Southeast strategy ...

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Calls for BancorpSouth account info are scams, attorney general warns

  Scammers are trying to pry bank account information from Mississippians by advising they need to provide account details to help correct problems with their Bancorp South cards, Attorney General Jim Hood warns. Victims may receive a call on either their home phone or cell phones alerting them “there is a problem with their Bancorp South card,” Hood said. The ...

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South Carolina's Spurrier moves forward with plan to pay college football players

DESTIN, Fla. — Steve Spurrier is sticking with his plan to pay players. South Carolina’s outspoken coach first floated the idea at the Southeastern Conference’s spring meetings last year. Fellow coaches and league administrators listened, but it made little, if any, progress. He trotted out his stipend plan again this week and said Wednesday that football coaches voted 14-0 to ...

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STODDER: Blooming interest in Pinterest

Once belittled as an insubstantial electronic scrapbook with narrow appeal, the 2-year-old website Pinterest is maturing into a marketing monster. Visits to the site have increased more than 4,000 percent in less than a year, vaulting it to the No. 3 spot in social-media popularity behind only Facebook and Twitter. Some big-name retailers are taking not only notice, but also ...

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3 dozen groups OK'd for Miss. specialty car tags

JACKSON — Jerry Latch isn’t interested in shelling out extra money to express himself with a car tag promoting a particular group or cause, but he knows plenty of people who do. “My wife has a specialty tag of some kind, but I don’t know what it is,” Latch said Wednesday from the shoe store he owns in downtown Corinth. ...

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Indictments against former Eaton engineers dropped

JACKSON — Federal prosecutors in Mississippi have dropped criminal cases against five aerospace engineers who had been accused of stealing trade secrets. Senior U.S. District Judge William Barbour dismissed indictments against the men Wednesday. The charges of taking trade secrets from Eaton Corp. when they left to go to work for what is now called Triumph Aerospace had been brought ...

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Gold Coast Skydivers hope to stay in Lumberton

LUMBERTON — Lumberton Mayor Miriam Holder said she realizes that Leanne Igo, owner of Gold Coast Skydivers, needs to be able to make a living off her weekend business at I.H. Bass Jr. Memorial Airport. Igo said she can understand the cash-strapped city looking somewhat askance at renewing a contract that had her company paying $100 a year in rent. ...

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General Atomics breaks ground for plant expansion

SHANNON — General Atomics’ Electromagnetic Systems Group (GA EMS) broke ground today on an expansion to its existing 127,000-square-foot facility in Shannon. The expansion project represents a $12 million corporate investment and will create 25 additional direct jobs over the next three years, according to the Mississippi Development Authority (MDA). From its Shannon location in Lee County, General Atomics manufactures, ...

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Phosphate Holdings loses $1.1M during first quarter

MADISON — Phosphate Holdings Inc. (PHI) reported a first quarter 2012 net loss of $1.1 million, compared to net income of $16,000 for the same period in 2011. The company incurred an operating loss of $1.9 million for the first quarter of 2012, compared to operating income of $53,000 for the prior-year period. Earnings before interest, income taxes, depreciation, amortization ...

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PSC, BancorpSouth, Renasant warn of debit card scam

TUPELO — Public Service Commissioner Brandon Presley is warning Mississippi consumers of a weekend series of scam calls claiming to be BancorpSouth asking customers to either validate or re-instate their debit cards. Presley said his office contacted officials with BancorpSouth and verified that the calls were indeed a scam. Similar calls went out a few weeks ago referencing Renasant Bank ...

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