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

Senate transportation chair seeks emergency money for roads, bridges

by Published: January 22,2015

Tags: Business, Mississippi, NEWS, transportation

In a move he acknowledges is a long-shot, the chairman of the Senate Highways and Transportation Committee is asking legislators to approve $300 million for timely repairs on state highways and bridges and an additional $100 million for locally maintained roads and bridges. Sen. Willie Simmons, a Cleveland Democrat, wants the money to be part […] [...]

Race to the pump: Feds appear ready to beat state on new gas taxes

The chairman of the Senate Transportation Committee says it seems Congress is about to pre-empt Mississippi’s  opportunity to take advantage of plummeting gasoline prices by enacting new motor fuels taxes. While Mississippi legislators wait for a late 2015 completion of a private-sector study on state transportation infrastructure needs and how to pay for them, Congress […] [...]

HOLDING IT ALL TOGETHER — Keeping companies’ banks united provides advantages for large and small

Put simply, bank holding companies own one or more banks, but don’t engage in banking themselves. And although BHCs involve legal complexities and regulatory considerations, BHCs are favored by many banks because they provide more flexibility in raising capital and more liquidity for shareholders. BHCs are favored by both large and small banks. “It is […] [...]

After dodging December tornadoes, banks step up to provide assistance

In the aftermath of the recent tornadoes that tore through Marion and Jones counties in central Mississippi, local banks stood strong, offering advice, volunteering and donating money to aid in their community’s recovery. The tornado took a path that seemed to track the seven offices of Citizens Bank of Columbia, CEO Lee Fedric said. There […] [...]

IKE TROTTER: lt’s time to get a handle on your budget

by Published: January 20,2015

Tags: banking, Business, finance, Greenville, Ike Trotter, Mississippi, NEWS

Do you often wonder about where your money goes each month? Does it seem like you’re never able to get ahead? If so, you may want to establish a budget to help you keep track of how you spend your money and help you reach your financial goals. Here’s a few first of the year […] [...]

Miss. attorney general asks court to dismiss Google’s suit

JACKSON — Mississippi’s attorney general says a suit against him by Google should be dismissed. In court papers filed Jan. 12, Democrat Jim Hood argues the Internet search giant’s assertion that it is protected by federal law fails to invalidate state laws under which he’s investigating, and that Google has jumped the gun because Hood […] [...]

Miss. economy growing, but slower than region and nation

by Published: January 15,2015

Tags: Business, Darrin Webb, economy, Mississippi, NEWS

JACKSON — An expert says Mississippi’s economy is growing but still lags behind regional and national recovery from the Great Recession. State economist Darrin Webb told legislators Thursday that there are reasons for optimism. He says plummeting gasoline prices are especially helpful to consumers in low-income states like Mississippi. Webb says the number of unemployment […] [...]

New legislation could strip benefits from public officials

by Published: January 14,2015

Tags: Business, Greg Haney, Mississippi, NEWS

JACKSON — New legislation pending in the Mississippi House of Representatives will require that state and local public employees who are convicted of or plead guilty to any type of public corruption to forfeit their public retirement benefits, according to a press release from the House of Representatives. Rep. Greg Haney, in sponsoring House Bill 31, […] [...]

Miss. tax collections running $91M ahead of expectations

by Published: January 14,2015

Tags: Business, David Dzielak, Eric Clark, Mississippi, NEWS

JACKSON — Mississippi tax collections are running $91 million ahead of expectations just over halfway into the fiscal year, a top budget writer said Tuesday. House Appropriations Committee Chairman Herb Frierson, R-Poplarville, said that’s a small portion of the $6 billion budget, but the uptick shows economic conditions are improving. He also said legislators will […] [...]

MDA to lead trade mission to South Africa

JACKSON — The Mississippi Development Authority will lead a delegation of Mississippi companies on a business development mission to South Africa on March 23-27. MDA officials say in a news release that the trip will include stops in Johannesburg, Durban and Cape Town. MDA executive director Brent Christensen says South Africa is Mississippi’s top export […] [...]

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