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Daily Archives: October 15, 2012

Court-appointed receiver finding interest in former Walthall Hotel

A court-appointed receiver is in talks with several prospective buyers of downtown Jackson’s Roberts Vista Hotel, currently shuttered and awaiting repairs from water damage. The hotel, known more commonly in Jackson as The Walthall, for local Civil War figure Edward Cary Walthall, whose name it bore upon opening 85 years ago. As it as a few times in the past, ...

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Rolls-Royce wins $103M contract from Defense Department

MERIDIAN — Rolls-Royce has been awarded a $103.3-million MissionCare contract by the U.S. Department of Defense to provide support for the F405 (Adour) engines that power the U.S. Navy’s T-45 training aircraft. Under the terms of the agreement, which is administered by the Naval Air Systems Command (NAVAIR), Rolls-Royce will provide inventory control, as well as integrated logistics support and ...

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Historic Delta store reopens after renovations

ONWARD — The Onward Store is keeping alive the story of Teddy Roosevelt’s famous 1902 bear hunt as it has done for generations. The store, first opened in 1913, was closed in the spring to undergo renovation, according to the Vicksburg Post. It reopened over the weekend. A new addition is a back porch that overlooks cotton fields. A restaurant ...

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'Cruisin' the Coast' sets new record for registered cars

MISSISSIPPI GULF COAST — An annual celebration of classic cars and hot rods on the Mississippi Gulf Coast has reached a milestone with more than 6,000 cars registered to take part. The 16th annual “Cruisin’ the Coast” event, which wrapped up Sunday, surpassed 6,000 last Friday. Event organizers say one reason Cruisin’ the Coast is gaining popularity is that participants ...

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Drop in tax collections blamed on computer system swap

JACKSON — A computer conversion at the Mississippi Department of Revenue delayed some revenue collections from being posted and contributed to a report that showed a September drop in tax collections. Agency spokeswoman Kathy Waterbury tells the Northeast Mississippi Daily Journal during the “time-out” for conversion to the new system, tax returns were not posted to taxpayer accounts. She says ...

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MDAC opens new agritourism promotion program

JACKSON — The Mississippi Department of Agriculture and Commerce (MDAC) has launched its new Agritourism Registration Program. This program is part of the recently passed Senate Bill 2439, which was enacted to provide limited liability to persons engaged in agritourism activities. Under state law, agritourism operations that register with MDAC and that meet certain signage requirements advising visitors of the ...

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Late alumnus makes largest real estate gift in MSU history

LEFLORE COUNTY — Willis Durden “Dan” McGeary left Mississippi to follow his dream of becoming a pilot, but he never forgot his connection to his home state or his alma mater, Mississippi State University. The last surviving member of a prominent Delta family, McGeary willed Sidon Plantation in Leflore County to Mississippi State University. The bequest includes 2,069 acres of ...

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NAACP asks judge to order elections for Legislature in 2013

JACKSON — The NAACP has asked a federal court to order elections for the Mississippi Legislature in 2013. In documents filed with a three-judge panel, the NAACP argues new district lines approved in September by the Justice Department merit new state House and Senate elections. The 122 House districts and 52 Senate districts were redrawn by the Legislature this past ...

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TVA's pension fund shortfall affecting ratepayers

NORTH MISSISSIPPI — A shortfall in the Tennessee Valley Authority’s pension fund is affecting electric ratepayers. The Chattanooga (Tenn.) Times Free Press reports TVA has added nearly $1.3 billion from customers to the find since 2008 when investment markets tanked. However, the federal utility didn’t add any money to the fund in 2012. CFO John Thomas says he expects market ...

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Entergy expects lower earnings during third quarter

NEW ORLEANS — Entergy Corporation expects third quarter 2012 as-reported earnings of approximately $1.88 per share and operational earnings of approximately $1.94 per share, the New Orleans-based utility reports. Results for third quarter 2011 were $3.53 per share on both an as-reported basis and an operational basis, which included significant benefits associated with a settlement with the Internal Revenue Service. ...

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