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Daily Archives: October 3, 2013

Furniture Brands bankruptcy judge picks higher bid

By Dennis Seid, Daily Journal A U.S. Bankruptcy Court tapped KPS Capital Partners as the stalking horse bidder for Furniture Brands International, which filed for Chapter 11 last month. KPS’ $280 million bid is $20 million higher than the one offered by Oaktree Capital Management, which had initially been favored by Furniture Brands to be its stalking horse bidder. A ...

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Tropical Storm Karen forms in Caribbean, aims for the Gulf Coast

Tropical Storm Karen has formed in the Caribbean, the National Hurricane Center reported Thursday morning, becoming the 11th named storm of the Atlantic hurricane season. As of 8 a.m. ET, the storm had winds of 60 mph. Hurricane and tropical storm watches have been posted for the U.S. Gulf Coast from Florida to Louisiana.. The storm should impact the Gulf ...

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Facing tight funding, USM to unveil retention plan

HATTIESBURG — University of Southern Mississippi President Rodney Bennett has only been on the job for six months, but he says his relationship with the university community has jumped off to a promising start. Bennett, the former vice president for student affairs at the University of Georgia, said his plan for student success at Southern Miss focuses on recruitment, retention, ...

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Close vote expected on proposed baseball stadium

BILOXI, Miss. (AP) — The vote to finance construction of a minor league baseball stadium in downtown Biloxi is expected Tuesday after a public hearing and it’s expected to be close. The state contributed a $15 million grant from BP to build the stadium. The council now must decide if the city should back a $21 million bond, which will ...

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HCC incubator adds new start-up company owned by college staff

UTICA — The Hinds Community College-Utica Campus Business Incubation Center has added its newest business, D&J Solutions. The desktop publishing/events consultant company is owned and operated by Utica Campus employees Diana Brown, library assistant, and Joyce Woodhouse, administrative assistant. Brown says she and Woodhouse had been providing the services out of their homes for over a year, and after discussing ...

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Ag equipment dealer adds Delta Group to network

GREENVILLE — MacDon Industries, a manufacturer of harvesting equipment including draper headers for combines, recently expanded its dealer network in Mississippi with the addition of Delta Group, Mississippi’s leading agricultural equipment dealer. Terms were not disclosed. Delta Group has six locations in Mississippi, including Leland, Yazoo City, Belzoni, Greenwood, Rolling Fork and Cleveland. MacDon draper headers will be available through ...

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Report: Manufacturers seeing fewer new orders, decreasing payroll

Manufacturing activity in the Southeast declined in September, dropping below 50 for the first time this year, according to the Southeast’s Purchasing Managers Index (PMI) report released by Kennesaw State University’s Econometric Center in the Michael J. Coles College of Business. The gap between the National PMI of 56.2 and the Southeast PMI of 48.5 widened to 7.7 points for ...

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Mississippi State boosts power with liquid-cooled 'Shadow'

Mississippi State University already boasted a lot under the hood when it comes to supercomputing power, and it is boosting that with a new, liquid-cooled model. MSU’s High Performance Computing Collaboratory (HPC2) will soon be home to a CS300-LC cluster supercomputer manufactured by Cray Inc. Named “Shadow,” the new system will serve as the primary high-performance computing asset for shared ...

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