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

Hurricane center: New warnings on storm surge

by Published: December 11,2014

Tags: hurricanes, insurance, Mississippi, storm surge, Weather

MIAMI — If tropical weather approaches the U.S. next year, coastal residents will see new, separate warnings about storm surge in addition to those about winds, the National Hurricane Center said Thursday. The separate storm-surge warnings will begin with the 2015 hurricane season and should provide emergency managers and the public with better information about […] [...]

Miss. regulators OK small Entergy rate increase

by Published: December 11,2014

Tags: Business, energy, Entergy, Mississippi, NEWS

JACKSON — The Mississippi Public Service Commission is approving a new rate plan for Entergy, Mississippi’s largest private electrical utility. Commissioners voted unanimously for the plan Thursday. It will take effect with February bills. The plan increases overall rates by $16.2 million a year. A residential customer who uses 1,000 kilowatt hours per month would […] [...]

Renasant of Mississippi buying Ga. bank in $258M deal

by Published: December 11,2014

Tags: banking, Business, finance, Mississippi, NEWS, Renasant

JACKSON — Mississippi-based regional bank Renasant Corp. said Wednesday that it will acquire Georgia-based Heritage Financial Group, the parent of HeritageBank of the South for $258 million in stock. The merger will move Renasant, based in Tupelo, into southern Georgia and northern Florida for the first time and slightly bolster the bank’s position in the […] [...]

MDA ranked No. 9 development agency; UM professor notes low-wage states are on top for business friendliness

by Published: December 10,2014

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

By Jack Weatherly The Mississippi Development Authority is No. 9 in the first-ever rankings of state economic development organizations in the U.S. by the American Economic Development Institute and Pollina Corporate Real Estate Inc. Meantime, in the annual pro-business evaluation, the institute put Mississippi at No. 21, gaining an overall “B,”  including “A’s” on incentives, for […] [...]

Top Miss. lawmakers release FY16 budget blueprint

by Published: December 9,2014

Tags: budget, Business, Legislature, Mississippi, NEWS, Phillip Gunn

JACKSON — Top lawmakers are proposing a slightly smaller Mississippi budget for the coming year, despite their expectation that state revenue will increase. The 13-member Joint Legislative Budget Committee on Tuesday released its $6 billion spending blueprint for fiscal 2016, which begins July 1. House Speaker Philip Gunn says the plan could be changed once […] [...]

High court rejects BP appeal of spill settlement

by Published: December 8,2014

Tags: Business, economy, environment, Gulf Coast, Mississippi, NEWS

WASHINGTON — The Supreme Court is leaving in place BP’s multibillion-dollar settlement with lawyers for businesses and residents over the 2010 oil spill in the Gulf of Mexico. The justices did not comment Monday in rejecting the London-based oil giant’s arguments that lower courts misinterpreted settlement terms and put BP on the hook to pay […] [...]

Mississippi to get $59K in Sirius XM settlement

by Published: December 5,2014

Tags: Business, media, Mississippi, NEWS, Sirius XM

JACKSON — Mississippi will receive $59,413 from Sirius XM Radio Inc. in a national settlement to resolve complaints about misleading advertising and billing practices. Attorney General Jim Hood says the additional restitution for consumers has no cap and will depend on how many eligible residents of the state apply and the facts specific to their […] [...]

MARTIN WILLOUGHBY — Freddie Bagley has harnessed the power to motivate

by Published: December 4,2014

Tags: banking, Business, Butler Snow, law, Mississippi, NEWS

Most leaders know the importance of creating high-performance teams within an organization. However, the challenge is actually moving from theory to execution in creating winning teams.  Great leaders know how to mobilize teams and lead them to accomplish their full potential.   In their book, The Wisdom of Teams, Jon Katzenbach and Douglas Smith describe […] [...]

Making a name for themselves in filmmaking in Mississippi

By Jack Weatherly   Get the name right! That’s the cry in show biz. Making a name is important in just about any endeavor, but none more so, perhaps, than in the movie business. Brian Hilburn — with one “L” — has had a bit of trouble with that, starting with his credit as a […] [...]

SWEET 16 — Record number of films made in Mississippi in 2014

By Jack Weatherly Sixteen movies have been made in Mississippi in 2014, a record for the state. “And I have no reason to believe that 2015 won’t be even better,” said Ward Emling, director of the Mississippi Film Office. Nothing particularly magical happened this year, Emling said of the industry that is known for magic. […] [...]

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