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State regulators probe All American Check Cashing on suspicion of violating loan rollover law

Madison payday lender All American Check Cashing is under a “cease and desist” order after refusing to let examiners from the Mississippi Department of Banking and Finance review its records for signs of illegal lending. The order followed a state raid on 15 of the company’s 41 Mississippi stores, a former executive of All American […] [...]

C Spire adding suite of home security, monitoring to new ultra speed Internet service

by Published: July 10,2014

Tags: C Spire, C Spire Home, Fiber to the Home, Honeywell, Suzy Hayes

At the launch of C Spire’s ultra-high speed, fiber-based gigabit Internet service, analysts wondered what offerings the Fiber to the Home initiative would include beyond the next generation internet, digital HD television and nationwide phone service. They got some answers Thursday with the Ridgeland telecommunications company’s announcement that a suite of home automation, security and monitoring […] [...]

‘Branch rationalization’ guiding Hancock, Regions branching strategies

Fresh off of closing more than two dozen branches and selling a handful of others in its five-state market, Hancock Bank is back in the branching business with the opening of  a full service location in West Hattiesburg. The 5,300-square-foot Oak Grove branch at 12 Newtowne Loop is among several branches and financial centers the […] [...]

HOPE Federal busy filling gaps left by bank branch closings

by Published: July 10,2014

Tags: banking, Business, finance, HOPE Federal, Mississippi, Regions Bank

Mississippi banks have left Bill Bynum and the HOPE Federal Credit Union he runs plenty of opportunity to grow Hope’s branching business. But he’d rather they wouldn’t. Bank branch closings at the start of the financial services sector collapse in 2008 through the past few years of recovery greatly increased the challenge of reversing the […] [...]

MDA grants KiOR forbearance after biofuels maker defaults on payment

by Published: July 10,2014

Tags: Business, energy, Khosla, KIOR, Mississippi

In a sign that biofuel maker KiOR Inc.’s money troubles aren’t letting up, the start-up company will make a $250,000 forbearance payment to the Mississippi Development Authority in exchange for 120 days to get current on its nearly $70 million debt to the MDA. KiOR defaulted on a $1.87 million payment that was scheduled for […] [...]

Jackson’s new mayor vows to make city better for business

by Published: July 10,2014

Tags: Business, city hall, climate, Duckworth Realty, JACKSON, Mississippi

Jackson Mayor Tony Yarber says he will soon launch a “technical assistance shop” to help the city become more of a partner rather than a hindrance to both new businesses and current ones. It’s part of a strategy, he said, to end Jackson’s tendency to be “its own problem.” Yarber said he has handed the […] [...]

GI Associates set to become major piece in Flowood’s emerging medical corridor

Thirty-three year-old GI Associates and Endoscopy Center is consolidating its Jackson and Flowood offices into a 75,000 square-foot building in Flowood’s Lakeland Marketplace North. GI Associates has bought a standing 50,000 square-foot building that opened in 1972 as a Mississippi Fine Furniture Wholesale store and remained a home for various furniture retailers through 2009. The […] [...]

State approval clears way for immediate opening of Belhaven nursing school

JACKSON — Belhaven University says it plans an August start for enrolling students in its new School of Nursing after having received approval Thursday from the Mississippi Institutions of Higher Learning (IHL) for its bachelor of science in nursing degree program. University President Roger Parrott said the effort to launch the nursing school has received […] [...]

It’s showtime for MAGIC as state launches single accounting system

by Published: July 7,2014

Tags: accounting, Business, government, JACKSON, Mississippi, Politics

Mississippi state government is counting on big returns from a $100-million accounting system that integrates what previously were a handful of different systems used by state agencies, commissions and boards. Launched Tuesday, the system known as MAGIC, short for Mississippi’s Accountability System for Government Information and Collaboration, required a dozen years of work, including around-the-clock […] [...]

Mississippi’s Capitol getting specialized facelift

by Published: July 7,2014

Tags: Business, construction, JACKSON, Mississippi, Politics

JACKSON – The Mississippi State Capitol building is getting its first restoration and repair in 30 years, the state Department of Finance & Administration said in announcing the start of the 2-year, $6.9-million project. Work crews are installing massive construction scaffolding that will envelop different parts of the 110- year-old structure over the next two […] [...]

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