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Daily Archives: September 10, 2013

Mississippi ends Q2 with 18.3% of home mortgages underwater; another 6.2% at risk of falling there

Nearly one in four Mississippi homeowners ended the second quarter owing more on their homes than the homes are worth, California-based real estate survey and data analysis firm CoreLogic reports. While Mississippi showed a negative equity rate of 18.3 percent for the quarter, home mortgages underwater nationally decreased to 14.5 percent from the previous quarter’s 14.56 percent, CoreLogic reports. In ...

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Ex-Vicksburg mayor to get change-of-plea hearing

VICKSBURG — A change of plea hearing has been scheduled for Sept. 16 for former Vicksburg Mayor Paul Winfield, who is charged in federal court with seeking $10,000 in cash in exchange for a city contract. In an order filed yesterday, U.S. District Judge David C. Bramlette III scheduled the change of plea hearing for 10:30 a.m. in federal court ...

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Lawyers for man accused of sending ricin-laced letters ask off case

ABERDEEN — Federal public defenders George L. Lucas and Gregory S. Park have asked a judge to replace them as attorneys for James Everett Dutschke of Tupelo, who is charged with mailing ricin-laced letters to President Obama and others. The two, in federal court documents filed yesterday, cite an undisclosed conflict with another client in the public defender’s office. A ...

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Kitchens Brothers selling shuttered sawmills

UTICA — Equity Partners CRB and Heritage Global Partners have been retained to sell three hardwood sawmills on behalf of Kitchens Brothers Manufacturing Company. Equity Partners is seeking bids for each mill in its entirety through late October, with any remaining assets to be offered at auction in November by Heritage. Family owned and operated since its founding in 1945, ...

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NFIB survey: Small business owners uncertain about future

JACKSON — Small-business optimism remained flat in August, dropping 0.1 points from July for a final reading of 94.0, according to the National Federation of Independent Business (NFIB). While the total reading showed essentially no change over the month prior, a look at the individual indicators reveals incongruent details. Job creation plans leapt to a level not seen since before ...

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Corn growers overcome challenges; crop nears record yield

ACROSS MISSISSIPPI — Mississippi growers’ determination to plant corn last spring is paying off as harvests approach 2012’s record yields of 165 bushels per acre. Persistent rains and low temperatures in the spring delayed planting, slowed emergence and contributed to less than desirable final stands. Cool weather through May also slowed corn growth and maturity by about two weeks throughout ...

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Syria agrees to turn over chemical weapons; oil prices fall

Syria has agreed to turn over its chemical weapons, which is helping ease international tensions as well as anxiety at the gas pumps. Oil prices, which have shot up in recent days over the threat of a U.S. strike against Syria, dropped below $108 a barrel today after Damascus said it would go along with a proposal to turn over ...

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State universities see first enrollment decline in 20 years

AROUND MISSISSIPPI — More than 80,000 students are working toward building a successful career and brighter future by pursuing a college degree. However, across Mississippi’s eight public universities, preliminary fall 2013 enrollment figures show a decrease of 490 students from fall 2012 numbers. This is the first time in 20 years that overall enrollment has shown a decrease. “While the ...

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Furnituremaker files for bankruptcy, to lay off nearly 1,500 workers

NORTHEAST MISSISSIPPI — A financially troubled St. Louis, Mo., furniture company that operates several facilities in Mississippi is filing for Chapter 11 bankruptcy and is set to lay off its 1,451-person workforce in the state. Furniture Brands International designs, manufactures and markets furniture under a variety of notable brand names, including Broyhill and Thomasville. Its Lane Furniture division operates manufacturing ...

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Legislators, group want PEER to review State Port expansion

GULFPORT — Two lawmakers and a community coalition are asking a legislative committee to release a report that analyzes spending on state port expansion. “This is public monies, so it should be public knowledge,” Rep. Sonya Williams Barnes, D-Gulfport, said at a news conference held yesterday in Gulfport. Rep. David Baria, D-Bay St. Louis, said the report by the Performance ...

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