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Daily Archives: May 23, 2012

Repo man’s delight: Mississippi tops in tardy car payments

Here’s a dubious list that Mississippi leads: Late car payments. The list by credit reporting agency TransUnion is sure to bring anguish to lenders and joy to repo men. TransUnion says an analysis found that Mississippi had the highest auto loan delinquency rate nationwide, with 0.77 percent at the end of the first quarter. This is well above the national ...

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FNC index shows U.S. home prices up for first time since last July

OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values are up for the first time since July 2011, providing more evidence that the housing market is rebounding as the spring home-buying season is underway. Despite modest declines in March home sales, home prices — based on recorded sales transactions in the nation’s 100 largest metropolitan ...

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Appeals Court to hear lawsuits over drawing county district lines

ACROSS MISSISSIPPI — A federal appeals court has scheduled oral arguments for June 4 in lawsuits challenging the failure of 11 Mississippi counties to redraw supervisor district lines in time for the 2011 election. A three-judge panel of the 5th U.S. Circuit Court of Appeals will hear arguments in New Orleans. In March of 2011, local branches of the NAACP ...

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SBA honors mayor for helping community recover from tornado

SMITHVILLE — A Mississippi mayor who led recovery efforts after a tornado destroyed the entire town has earned a Phoenix Award from the U.S. Small Business Administration (SBA). Mayor Gregg Kennedy of Smithville received the Phoenix Award for Outstanding Contributions to Disaster Recovery by a Public Official. SBA wrote: “When they heard the tornado warning sirens around 2:30 p.m. on April ...

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USDA, partners award $20M-plus for habitat restoration along river

WEST MISSISSIPPI — The U.S. Department of Agriculture’s (USDA’s) Natural Resources Conservation Service (NRCS) and its partners report they will invest nearly $32 million this year in financial and technical assistance for five water quality and wetlands improvement projects in seven Mississippi River Basin states. When fully implemented, the projects will prevent sediment and nutrients from entering waterways, decrease flooding ...

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C Spire Wireless gives update on 4G LTE network build-out

RIDGELAND — C Spire Wireless has released details on progress the company has made in readying its network for introduction of 4G LTE (Fourth Generation Long Term Evolution) high-speed mobile broadband services beginning in September. The company reports it is investing $60 million for the initial introductory phase of 4G LTE mobile broadband services in 20 Mississippi markets covering 2,700 ...

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Eutaw Construction suing Port Commission over contract

GULFPORT ­— A contract dispute has put on hold elevation work at the state port in Gulfport. The port’s West Pier is being expanded, elevated and updated to house a modern containerized cargo operation. When completed, the pier will include 180 acres elevated for storm-surge protection by 15 feet, to 25 feet above sea level. The Sun Herald reports Eutaw ...

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Hancock Fabrics losses mount; faces many challenges

BALDWYN — Hancock Fabrics faces many challenges, according to analysts and the company. The Baldwyn-based company last month reported it lost nearly $11.3 million in the most recent fiscal year. The fabric and craft retailer additionally had to cope with falling sales and self-admitted merchandise problems. In the past year, it’s also hired a new CEO, ended contracts with four ...

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Ex-cancer clinic officer manager pleads guilty to health care fraud

SUMMIT — An ex-office manager has pleaded guilty in what prosecutors say was a multi-million-dollar health care fraud in which a cancer clinic gave patients diluted chemotherapy drugs and used old syringes on multiple people. Dr. Meera Sachdeva, Brittany McCoskey and Monica Weeks were indicted last August on charges including conspiracy and witness tampering related to the activities of Rose ...

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Three airports getting connection change from Memphis to Atlanta

AROUND MISSISSIPPI — Three Mississippi cities that are losing their federally-subsidized air connections to Memphis will now be served through Atlanta. Silver Airways Corp. will provide 12 flights a week between Atlanta and Hattiesburg-Laurel Regional Airport. The airline will fly 18 times a week from Atlanta to Tupelo, continuing on to Greenville. The communities had to seek new service when ...

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