Archive for the ‘NEWS’ Category

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 […] [...]

D’Iberville agrees to sell Ocean Expo land

by Published: February 25,2015

Tags: Business, City of D'Iberville, Gulf Coast, Mississippi, NEWS

D’IVERVILLE — D’Iberville officials have agreed to sell the Ocean Expo site along Interstate 10 to Ramco Real Estate for $7.6 million. The Sun Herald reports Wednesday the sale sets up a scenario, where one deal leads to another. Ramco, owned by D’Iberville developer and auto dealer Robert Mandal Jr., put down a $25,000 deposit […] [...]

New Orleans congestion keeps Chiquita Gulfport port

GULFPORT — Chiquita containers filled with paper arrive by truck and rail at the State Port in Gulfport where they are stored for later movement to New Orleans for southbound shipment. Along with its own cargo, Crowley Liner Services is shipping into Gulfport northbound Chiquita containers loaded with produce. Chiquita moved to New Orleans in October […] [...]

More money needed to get Biloxi baseball stadium open on time

BILOXI — The city of Biloxi will either have to pay a $10,000 fine for every home game that can’t be played in the new Shuckers’ stadium, or chip in $1 million to get it ready for opening day on April 21. City attorney Gina Tompkins said Tuesday the city doesn’t have a $1 million. […] [...]

2014 a good year for filmmaking in Mississippi

COLUMBUS — In 2014, 19 feature films along with six reality shows and six documentaries were shot partially or entirely in Mississippi. “We had a rather remarkable year last year and we expect that to continue,” said Ward Emling, director of the Mississippi Film Office. While in the past, movies filmed in Mississippi were based […] [...]

J. Craig Stepan chosen as new leader for Tennessee-Tombigbee Waterway board

by Published: February 25,2015

Tags: Business, Golden Triangle, J. Craig Stepan, Mississippi, NEWS

COLUMBUS — The Tennessee-Tombigbee Waterway Development Authority has hired an Alabama man as its new administrator. The hiring of J. Craig Stepan of Fairhope, Alabama, was announced in a news release. Stepan succeeds Bruce Windham who resigned last year due to illness. Stepan will also be president of the Tennessee-Tombigbee Waterway Development Council, the authority’s […] [...]

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 […] [...]

Cox won’t seek a second term as Greenville mayor

by Published: February 25,2015

Tags: Business, Chuck Jordan, Delta, Greenville, John Cox, Mississippi, NEWS

GREENVILLE — Greenville Mayor John Cox says he will not run for re-election in November. Cox tells the Delta Democrat-Times his decision not to run for a second term came after lengthy deliberations, principally with family members. Cox won a special election in October 2012, a month after his predecessor, Chuck Jordan, stepped down after […] [...]

DAVID DALLAS — Delbert Hosemann: An unsung hero chooses to remain so

My son and his Boy Scout troop had a rare treat this past Sunday. Mississippi’s Secretary of State Delbert Hosemann delivered the keynote speech to a group of newly awarded Eagle Scouts. Hosemann honored those who had gone the extra mile to earn their Eagle and encouraged younger scouts, like my son, to not give up, […] [...]

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