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Daily Archives: October 30, 2013

Kemper plant overruns drag down Southern Co. earnings

Cost overruns in construction of Mississippi Power’s Kemper County lignite coal plant so far this year have taken a nearly $800 million bite out of parent Southern Co.’s earnings. A cooler than normal summer across the Southeast further eroded earnings, the company reported in its third quarter earnings statement. Frequent rainfall combined with what Southern Co. says were the mildest ...

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New ammo maker, Atlantic Marksmen, to open in Gulfport in early 2014

GULFPORT, Mississippi — A new international venture based in Gulfport will begin producing ammunition early next year using high-end components from European suppliers. The quality of the components is what will set the Atlantic Marksmen brand ammunition apart, the owners say. Olivier Scherlofsky and Ricky Bishop plan to sell ammunition to gun shops, sporting goods stores, police departments and others ...

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Toyota Mississippi VP to retire in January

Toyota Motor Manufacturing Mississippi Vice President of Production Control and Administration Doug Formby has announced his retirement, effective Jan. 31. Formby said he was retiring after nearly 33 years of service with Toyota to spend more time with his family in Southern California. “I will leave behind many good friendships established in Mississippi and across North America over the past ...

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West Nile Virus takes life of third Mississippian in 2013

JACKSON, Mississippi – According to the Mississippi State Department of Health (MSDH), the third Mississippian of 2013 has died of West Nile virus (WNV). The death occurred in a Forrest County resident who was a previously reported human case. The state total for 2013 is now 43 human cases, including three deaths. The other two deaths occurred in Forrest and ...

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Siemens puts new assembly line to work, adds 40 jobs

RICHLAND, Mississippi – High voltage transmission equipment maker Siemens Energy Inc. has added 40 jobs after completing a new assembly line for the production of transformers. The expansion created a third shift at the facility here that employs 400 people . The plant, which the company opened in 1973, manufactures Siemens power circuit breakers, voltage regulators, and transformers, as well ...

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Siemens puts new assembly line to work, adds 40 jobs

RICHLAND, Mississippi – High voltage transmission equipment maker Siemens Energy Inc. has added 40 jobs after completing a new assembly line for the production of transformers. The expansion created a third shift at the facility here that employs 400 people . The plant, which the company opened in 1973, manufactures Siemens power circuit breakers, voltage regulators, and transformers, as well ...

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Entergy reports decreased profit; gives 2014 forecast

NEW ORLEANS — Entergy Corp. said day that its third-quarter profit fell 29 percent on higher costs, and it gave a 2014 forecast with midpoint below analysts’ expectations. Shares of the power generating and distribution company fell $2.05, or 3 percent, to close at $66.06. Net income fell to $239.9 million, or $1.34 per share, compared with $337.1 million, or ...

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Feds want tax preparers barred due to false tax returns

HOLLY SPRINGS — The federal government is asking a Mississippi judge to bar two tax preparers and their business from preparing tax returns for others. The government made the request in a 13-page document filed in U.S. District Court in Oxford. It seeks the prohibition against Hardaway Taxx in Holly Springs and two individuals, Eric Hardaway, also known as Eric ...

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USM officially opens renovated College Hall

HATTIESBURG — The School of Mass Communication and Journalism at the University of Southern Mississippi has cut the ribbon for the renovated College Hall on the Hattiesburg campus. School of Mass Communication and Journalism, campus radio station WUSM-FM and The Student Printz student newspaper will also call College Hall home after being housed in Southern Hall for several decades. “Today ...

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