Archive for the ‘BANKING & FINANCE – Market Sector’ Category

Politics of paying for transportation: Hand wringing and a lot of talk

by Published: October 30,2014

Tags: bridges, Business, Mississippi, NEWS, transportation

Giving further credence to the idea that to everything there is a season, a Mississippi legislator may find more job security driving a loaded-down tractor trailer over a crumbling bridge in the Delta than supporting a full fix for roads and bridges at the outset of the 2015 election season. Even beyond the 2015 elections, […] [...]

BANKING & WRITING — Greenville’s John Black working on third history book

by Published: October 30,2014

Tags: banking, books, Business, Greenville, Mississippi, Mississippi Delta

Greenville resident John T. Black didn’t set out to become an author after his retirement from a long banking career. However, through a series of serendipitous events, he has now written two books on Greenville-area history and has started a third that would represent his most ambitious to date. At first glance, banking and writing […] [...]

JRA awaiting image makeover

by Published: October 30,2014

Tags: Business, Jackson Redevelopment Authority, Mississippi, NEWS

The Jackson Redevelopment Authority has conceded it has an image problem and is getting professional help to fix it. The agency widely known for the low priority it puts on transparency wants a makeover in public perception. It’s hired Yellow Brick Media Concepts of Jackson to provide it. The board received a proposal from Yellow […] [...]

ONE MORE YEAR: Leaders want year more of study on comprehensive road, bridge upkeep

by Published: October 30,2014

Tags: bridges, Business, Mississippi, NEWS, transportations

The chairman of the Senate Transportation Committee is hugely disappointed that Mississippi business leaders want to put off addressing a growing backlog of road and bridge upkeep until the 2016 session. Knowing that Republican legislative leaders likely will willingly go along with an extra year of delay, committee Chairman Willie Simmons, a Cleveland Democrat, will […] [...]

BlueFire looks to China for financing of biofuel plant

FULTON — A California-based biofuel company says the Export Import Bank of China may loan up to $270 million to build a plant in Fulton. BlueFire Renewables Inc. of Irvine, California, says the bank has signed a letter of intent. The U.S. Department of Energy ended funding to BlueFire last year after disbursing $12 million […] [...]

Fed: Mississippi, other states in Atlanta District expected to sustain modest economic growth

by Published: October 23,2014

Tags: Atlanta, Business, Mississippi

Expect to see more of the growth in economic activity that is occurring in Central and South Mississippi, says a new Federal Reserve Beige Book that periodically assesses the economic health of the Atlanta Fed district and the 11 other districts. The Beige Book, released Oct. 15, leads off with a note that the “modest […] [...]

Turner Grain’s bankruptcy will help consolidate lawsuits alleging breach of contract

by Published: October 23,2014

Tags: Arkansas, Business, grain, Mississippi, Mississippi Delta

A group of Mississippi Delta farmers will join their counterparts in Arkansas and Louisiana in seeking to recoup millions of dollars Turner Grain Merchandising owes them now that the Brinkley, Arkansas, commodities broker has filed Chapter 11 bankruptcy. Greenville lawyer Scott Phillips, who represents Leland farmer Harper Ross and five other Delta farmers who say Turner […] [...]

JRA plans image makeover, hires crisis manager

by Published: October 23,2014

Tags: Business, Farish Street, HUD, Mississippi, money, NEWS, real estate

The Jackson Redevelopment Authority has conceded it has an image problem and is getting professional help to fix it. The agency widely known for the low priority it puts on transparency wants a makeover in public perception. It’s hired Yellow Brick Media Concepts of Jackson to provide it. The board received a proposal from Yellow […] [...]

Peoples Bank reports quarterly loss due to bad loans

BILOXI — The parent of The Peoples Bank reported a net loss of $1.8 million for the quarter ending Sept. 30. Peoples Financial Corporation CEO Chevis Swetman says the loss stemmed primarily from issues with two loans. Swetman says the bank’s fundamentals remain sound, though it was forced to write down one loan and move […] [...]

Watkins says JRA out to block him from Farish by repaying HUD $1.5M

Former Farish Street developer David Watkins says he suspects bad faith motives are behind the Jackson Redevelopment Authority’s agreement to cover a $1.5 million repayment the U.S. Department of Housing and Urban Development has demanded from the City of Jackson. Watkins says the motive is clear to him:  Paying HUD could clear the way for […] [...]

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