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Daily Archives: January 7, 2014

Entergy Mississippi rates to increase 4% in February

JACKSON, Mississippi – Entergy Mississippi customers will see a rate increase of about 4 percent beginning in February, mainly due to rising natural gas costs and an under-recovery of fuel costs in 2013. Fuel costs are passed through to the customer dollar-for-dollar with no profit to the company. With the increase, the typical residential customer using 1,000 kilowatt hours will ...

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Reimbursements coming for failed Mississippi Silicor project

COLUMBUS — Mississippi Silicor’s proposed project in Lowndes County failed about a year ago. Now, Lowndes County, 4-County Electric Power Association and Lowndes County Industrial Development Authority will share in $238,000 in reimbursements for what they spent trying to lure the company to the area in 2012. The Commercial Dispatch reports that the county will receive $69,000, the Industrial Development ...

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Nissan set new U.S. sales record in 2013

NASHVILLE, Tenn. — Nissan reports total U.S. sales for December 2013 of 109,758 units, an increase of 10.5 percent compared to last year. In 2013, Nissan sold 1,248,420 vehicles in the U.S., an increase of 9.4 percent over 2012 and the best annual sales total in Nissan’s history. Nissan Division set annual records in 2013 for total deliveries, as well ...

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State reaches $7M settlement with Ocwen

JACKSON — Ocwen Financial Corporation of Atlanta and its subsidiary, Ocwen Loan Servicing, have agreed to a $2.1-billion joint state-federal settlement with Attorney General Jim Hood, 48 additional state attorneys general and the District of Columbia as well as the Consumer Financial Protection Bureau (CFPB). The settlement terms address servicing misconduct by Ocwen, and two companies later acquired by Ocwen, ...

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Molpus Woodlands buys New York timberland

JACKSON — The Molpus Woodlands Group, LLC, a timberland investment management organization, on behalf of a client has purchased approximately 130,659 acres in New York for approximately $57,500,000. Located in St. Lawrence, Clinton, Franklin and Lewis counties in the north-central part of upstate New York, the property is almost entirely within the boundaries of New York’s Adirondack Park. The property ...

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Hancock Holding introduces new small cap fund

GULFPORT — Hancock Holding Company has launched the Hancock Horizon U.S. Small Cap Fund as a new addition to the company’s $2-billion family of mutual funds. The fund offers investors exposure to a diverse portfolio of small cap stocks and is managed by the same team that oversees the 5-star Morningstar-rated Burkenroad Small Cap Fund. “Diversification has always been an ...

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Pickering gives county certificate of achievement

It seems lately that if one hears of an audit, somebody is in trouble for misappropriating funds or shady accounting. But one county has bucked that trend. Lowndes County’s financial records have gotten a clean bill from state auditors. WCBI-TV reports that state Auditor Stacey Pickering sent a certificate of achievement to county officials because no negative findings, reports or ...

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Nurse gets house arrest for role in cancer center fraud

SUMMIT — A woman has been sentenced to house arrest and probation for failing to report a crime at a Mississippi cancer clinic that was shut down over unsafe practices and accused of fraud. A lawyer for Courtney Michelle Young says the nurse was sentenced yesterday in U.S. District Court in Jackson to three years on probation, with the first ...

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Board hears of potential higher costs due to health care reform

PURVIS — Lamar County Board of Supervisors has received a presentation on the potential impact of the Affordable Care Act. Officials say the county could be paying 10 percent to 15 percent more because of fees and taxes associated with health care law. The Hattiesburg American reports that could mean an increase of $350,000 to $400,000 in 2014-15 for the ...

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Cigna, UMMC hammer out multi-year contract

JACKSON — Cigna and the University of Mississippi Medical Center have entered into a multi-year contract that adds UMMC and its employed physicians to Cigna’s network of participating hospitals and doctors. The agreement became effective Jan. 5. With this new addition to the network, Cigna customers who receive services from UMMC or its employed doctors’ group practice, University Physicians, will ...

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