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Daily Archives: July 18, 2012

Cal-Maine Foods buys Pilgrim's Pride

Cal-Maine Foods, the largest poultry egg producer and distributor in the United States, has announced the acquisition of Pilgrim’s Pride. The Jackson-based company (NASDAQ: CALM) said in a release earlier today that the deal includes two production complexes with capacity for approximately 1.4 million laying hens and adjacent land located near Pittsburg, Texas. The transaction is expected to be closed next month. According ...

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Offshoring — it's all good, economic study says

Here’s a little something that might not go down easy for workers in Mississippi and elsewhere in the United States: Offshoring of jobs and the influx of immigrant labor into the country do not – on the whole – damage the U.S. labor force, says a new paper from the London School of Economics Center for Economic Performance. In fact, ...

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Supervisors working on solutions to meet EPA air standards

HERNANDO — DeSoto County supervisors say they are working on solutions to meet federal ozone levels. In May, the Environmental Protection Agency included parts of DeSoto with Memphis, which has ozone emissions above allowable limits set by federal regulation. It includes urban areas of DeSoto County and Crittenden County, Ark., in the Memphis ozone “non-attainment” area. DeSoto County officials fear ...

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Coast property could be eligible for federal flood-buyout program

JACKSON COUNTY — Eighty-six properties in Jackson County could be eligible for the federal government’s home elevation or buyout program. The Mississippi Press reports supervisors were told this week that notices would be sent out to eligible property owners to determine if they are interested. In February, the county hired Thompson Consulting Services to submit an application for FEMA’s Severe ...

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Entergy Corp. amends as-reported earnings guidance

NEW ORLEANS — Entergy Corporation expects second quarter 2012 as-reported earnings of approximately $2.05 per share and operational earnings of approximately $2.10 per share. Results for second quarter 2011 were $1.76 per share on both an as-reported basis and an operational basis. Entergy also affirmed previously issued operational earnings guidance for 2012. As-reported results are prepared in accordance with generally ...

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City's year-over-year sales tax collections up nearly 10%

NATCHEZ — Sales tax collections in May for the city of Natchez increased 9.5 percent over May of last year. The Natchez Democrat reports it was the 10th month of an upward trend in sales taxes for Natchez. Overall sales tax collections totaled approximately $447,780, up approximately $38,980 from the $408,800 collected in May 2011. City Clerk Donnie Holloway has ...

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County borrowing money for multiple bridge repair projects

MCCOMB — Pike County will borrow $5.5 million to work on local bridges. The Enterprise-Journal reports supervisors acted this past week after agreeing to advertise for bids to replace the bridge over the Tangipahoa River at Chatawa, work that will be paid for by bond funds. Keith Lott of Neel-Schaffer engineering firm said the expected completion date for the Chatawa ...

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Health Department inspects abortion clinic; owner expects citation

JACKSON — Health officials have inspected Mississippi’s lone abortion clinic, the first step in a process that could lead to its closure if a new state law survives a legal challenge. Following Monday’s inspection, the Mississippi Department of Health has 10 working days to issue findings. The Jackson Women’s Health Organization continues to perform abortions in the meantime. Clinic owner ...

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