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

Delta State conference brings renowned speakers

CLEVELAND — Officials with two of the country’s largest charitable foundations will be speakers at Delta State University’s annual race relations conference. The conference will be held March 30-31 on the Delta State campus in Cleveland. This year’s conference is titled “Winning the Race: Through Hearts & Minds. A Conversation on Building Connected Communities.” La […] [...]

Barbour to lead Butler Snow economic development firm

RIDGELAND — Former Mississippi Gov. Haley Barbour is among the leaders of a new economic development firm formed by Ridgeland-based Butler Snow LLP. The law firm said Monday that Barbour will serve as chairman of VisionFirst Advisors, which will provide strategic analysis and identify market opportunities for organizations. He will be joined by former Florida […] [...]

(UPDATE) Prison won’t interrupt ex-prison chief’s retirement cash flow

By TED CARTER As part of his guilty pleas, former Mississippi prisons boss Chris Epps must pay a $750,000 fine and could be forced to pay a hefty restitution. But he has an income source to help with the costs: the Public Employees’ Retirement System of Mississippi. Epps, a Delta native and former school teacher […] [...]

AG Jim Hood wants portion of $46M litigation bounty to go for mental health efforts

By TED CARTER Call it a sharing of the spoils of war at an opportune time. Just as he qualifies for a reelection bid, Mississippi Attorney General Jim Hood is handing over around $46 million to Gov. Phil Bryant and the Legislature from legal settlements obtained from the likes of Standard & Poor’s, Merck & […] [...]

State’s Consumer Protection Act key to forcing S&P settlement on bogus bond ratings

by Published: February 25,2015

Tags: Business, Connecticut, Jim Hood, Los Angeles Times, Mississippi, NEWS, S&P

By TED CARTER Mississippi’s Consumer Protection Act’s provision against making deceptive claims is credited as a key tool in extracting a $33 million settlement from Standard & Poor’s Ratings Service and parent McGraw-Hill Companies. The settlement announced Feb. 3 is part of agreement by which S&P’s Rating Services turns over $1.375 billion to put the litigation […] [...]

ASA postmortem: industrial recruiting is a constant cycle of death and life

By JACK WEATHERLY  Raising $1.2 billion for an industrial project can be a daunting task, if not a deal killer. For economic developers in Mississippi, American Specialty Alloys’ protracted and secretive efforts in that regard became an issue that ultimately sent the project south to Pineville, La. American Specialty started out last year with a […] [...]

Leflore supervisors approve private prison deal

by Published: February 25,2015

Tags: Business, economic development, Greenwood, Mississippi, NEWS

GREENWOOD — Leflore County is agreeing to sell additional land outside the current Delta Correctional Facility’s fences to help a private prison operator in its pursuit of a contract to house federal inmates there. Utahbased Management and Training Corp. is bidding on Federal Bureau of Prisons contract. It would need to expand the currently shuttered […] [...]

Madison County tax assessor not running again

by Published: February 24,2015

Tags: Business, Gerald Barber, Madison, Mississippi, NEWS

CANTON — Madison County Tax Assessor Gerald Barber says he will not seek a fifth term. Barber has served as tax assessor for 28 years. His term ends in January. Barber made the announcement Friday in a news release. Barber says he’s met the goals and objectives he set out to accomplish. Barber says when […] [...]

Gunn to seek phaseout of personal income tax

JACKSON — In a game of escalating tax-cut proposals, House Speaker Philip Gunn, R-Clinton, will propose the biggest so far: a $1.7 billion phaseout of Mississippi’s state personal income tax over more than a decade, a top legislator said late Monday. » RELATED — Gunn backs $1.38B plan to phase out personal income tax House Ways […] [...]

Hosemann runs for 3rd term as Mississippi secretary of state

JACKSON — Republican Delbert Hosemann of Jackson says he’s running for a third term as Mississippi secretary of state. The 67-year-old Hosemann filed qualifying papers Monday at the state Republican Party headquarters. He’s the first person to enter the race for secretary of state. Candidates’ qualifying deadline is Friday, and it’s not clear whether Democrats […] [...]

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