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

Help getting paid — New law protects brokers’ commissions

by Published: May 30,2014

Tags: Business, construction, education, Mississippi, Nancy Lane

Mississippi’s commercial real estate professionals will gain some leverage on the commission front starting July 1. With passage of Senate Bill 2559, commercial  brokers can obtain and foreclose on a property if the buyer or seller or lessee or lessor fails to pay the broker the agreed upon commission or fee. Mississippi is the 30th […] [...]

Getting paid — Subcontractors, materials suppliers will have lien option on July 1

by Published: May 30,2014

Tags: Business, construction, contractors, Mississippi

Mississippi construction subcontractors next month will have a powerful new tool to ensure they get paid for the work and materials they provide on private-sector jobs. They have always had the option to seek a court judgment against a property owner who stiffs a general contractor and leaves the general without a way to pay […] [...]

Unchartered skies — Southern Airways adds another Mississippi airport

by Published: May 30,2014

Tags: beach, Business, Destin, Florida, Madison, Mississippi, travel

Just a week shy of its first anniversary, Olive Branch-based Southern Airways Express has added the third Mississippi airport to its list of destinations, and company officials have plans for more expansion in the near future. They are also well aware of the challenges that lie ahead after a year of triumphs and some disappointments. […] [...]

Members of Nigerian ‘Yahoo Boys’ arrested for identity theft

GULFPORT — Sixteen people from several states and other countries have been arrested on charges that they took part in a fraud that used stolen information to get money and goods and then ship them to South Africa and Nigeria, according to documents unsealed in federal court yesterday. The charges by the U.S. Attorney’s office […] [...]

State study concludes minimum wage hike could clobber job market, slow economic growth

by Published: May 19,2014

Tags: Business, JACKSON, jobs, Mississippi, Washington

Putting significantly more money into the pockets of Mississippi’s lowest paid workers through a minimum  wage increase to $10.10 an hour could actually deal a hard blow to the state’s jobs picture, personnel income levels and a key indicator of economic health, Gross Domestic Product. So says a report by the University Research Center of […] [...]

Coast man gets prison time for counterfeiting

WAVELAND — A 39-year-old Waveland man has been sentenced to 33 months in prison on charges of making and passing counterfeit money. Federal prosecutors say in a news release that Alton Emerson Morgan was sentenced today in U.S. District Court in Gulfport. He also was sentenced to three years’ supervised probation and to pay $760 […] [...]

New restaurant set to start R’evolution in Ridgeland

By Sarah Dill Reily Gov. Phil Bryant admitted he doesn’t make it to many restaurant announcements to sample gumbo. “This one is very special,” he said. One day earlier the governor was photographed cutting the ribbon on the NASA SpaceX testing partnership in Hancock County. This day, Bryant welcomed iconic chefs John Folse and Rick […] [...]

Banking Department looking for new home in metro area

by Published: May 2,2014

Tags: banking, Business, Downtown Jackson, finance, Mississippi

Downtown Jackson could lose a state agency with the pending move of the Mississippi Department of Banking & Consumer Finance from the Woolfolk Building next store to the capital. Banking Commissioner Jerry Wilson said the agency is willing to remain downtown if a suitable space of around 12,000 square feet and 85 parking spaces is […] [...]

Fitch Ratings taking no action due to Kemper plant delay

KEMPER COUNTY — Fitch Ratings is not taking any rating actions following the latest cost revisions and schedule extension for the Kemper integrated gasification combined cycle (IGCC) project. On April 28, Mississippi Power announced another revision on the scheduled in-service date for Kemper IGCC and a further increase in the construction costs. Further cost increases […] [...]

Franchise Services sells assets of bankrupt Advantage Rent A Car

RIDGELAND — Franchise Services of North America Inc.’s wholly-owned subsidiary, Simply Wheelz LLC, which does business as Advantage Rent A Car, has completed the sale of 41 U.S. airport concession agreements used in the Advantage business to The Catalyst Capital Group Inc. (on behalf of one or more funds managed by it). Catalyst was selected […] [...]

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