Archive for January 3rd, 2013

Burrows completes acquisition of Innopak Hong Kong

PICKENS — Burrows Paper Corporation completed the acquisition of the remaining 75 percent equity interest in Innopak Hong Kong Limited (the investment company that owns 100 percent of Innopak Heshan) from Innopak Holdings Limited. Until recently, Burrows was a 25 percent stakeholder in this joint venture packaging company. Innopak Heshan is a converter of specialty […] [...]

Aldermen approve ordinance governing new liquor law

CORINTH — The Corinth Board of Aldermen has approved an ordinance governing the sale of liquor inside the city. Corinth voters approved the sale of alcoholic beverages in a Dec. 11 special election. The ordinance was approved yesterday. The Daily Corinthian reports the ordinance generally mirrors the regulations of the state’s Alcoholic Beverage Control division. […] [...]

Justice reaches $1.4B settlement with Transocean for oil spill

GULF OF MEXICO — The Justice Department has reached a $1.4-billion settlement with Transocean Ltd., the owner of the drilling rig that sank after an explosion killed 11 workers and spawned the massive 2010 oil spill in the Gulf of Mexico. Two people with knowledge of the negotiations say Switzerland-based Transocean would pay the money […] [...]

BauerFinancial gives Hancock Bank five stars — again

by Published: January 3,2013

Tags: bank, banker, banking, finance, financial institution, rank, ranking, rate, rating

GULFPORT — Hancock Bank has received a “Superior 5-Star” rating from BauerFinancial Inc. for the quarter ending Sept. 30. Hancock Bank has now earned a recommended rating from Bauer (5-Stars or 4-Stars) for the past 93 consecutive quarters — more than 23 years. “Consumers and businesses alike have come to depend on Bauer’s rating system […] [...]

Officials fire tourism board members over arena allocation

CORINTH — Corinth and Alcorn County officials have fired members of the local tourism board. The action came yesterday in a joint meeting of supervisors and city aldermen. It apparently resulted from the failure of the tourism board to follow line items placed in its budget by the city and county. In particular, officials were […] [...]

Governor asks for federal aid to storm-tossed county

PEARL RIVER COUNTY — Gov. Phil Bryant has requested federal disaster assistance from the U.S. Small Business Administration for Pearl River County as a result of tornadoes and severe storms Christmas Day. Bryant’s request for SBA assistance is based upon joint damage assessments conducted by local, state and SBA officials. Pearl River County received large […] [...]

Council votes to drop annexation plan with provisions

BILOXI — The Biloxi City Council has voted to drop its annexation bid for property east of the Biloxi River — but only if Gulfport and Harrison County drop objections to Biloxi’s annexation of 2.5 square miles to its north. Yesterday’s resolution also requires that Gulfport refrain from annexing any property east of the Biloxi […] [...]

Ciity agrees to $90M infrastructure deal with Siemens

JACKSON — The city of Jackson and a global corporation have agreed to a $90-million deal that Mayor Harvey Johnson Jr. has called the largest infrastructure project in the city’s history. The deal with Siemens still needs approval from the Mississippi Development Authority, but the contract signature clears the way for work to begin as […] [...]

Reeves would support ‘reasonable, rational’ bond bill next session

JACKSON — With the 2013 Mississippi legislative session starting next week, Lt. Gov. Tate Reeves says he believes there’s bipartisan support for charter schools and for efforts to improve children’s reading skills in early elementary grades. The Rankin County Republican also says he would support a “reasonable, rational” bond bill that focuses on long-term needs, […] [...]

Judge denies request of city, Kroger in Kmart flood case

CORINTH — A federal judge has denied requests from the city of Corinth and the Kroger Company to be dismissed as defendants in a lawsuit over 2010 flooding at the Kmart in Corinth. Kmart Corporation is seeking compensation for flood damage at the Fulton Crossing location, the store’s closure for about 10 months, and flood […] [...]

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