Posts Tagged ‘Alabama’

Barbour defends proposed offshore drilling regs

JACKSON — Allowing oil and gas drilling 10 to 12 miles south of Mississippi’s coastline in the Gulf of Mexico is a good idea because it could generate state revenue, Gov. Haley Barbour said Tuesday. The Mississippi Development Authority on Monday published proposed regulations to lease state waters in the Gulf for the drilling. The […] [...]

Entergy to spin off transmission business to ITC

Utility holding company Entergy Corp. plans to spin off its electric transmission business and merge it into ITC Holdings Corp., which operates power transmission lines in the Midwest. Entergy, based in New Orleans, said Monday that it will receive about $1.78 billion in cash, and its stockholders will receive shares of a new company created […] [...]

Nutt to resign as Ole Miss football coach at season’s end

OXFORD — Ole Miss football coach Houston Nutt will resign at the end of the season. Nutt will coach the Rebels’ last three games this year,” athletic director Pete Boone said at a press conference Monday, where also announced that he will step down as athletic AD by the end of 2012. The Rebels have […] [...]

MBJ Editorial: Parcells never knew he was actually talking about Mississippi

Positive is great. Reality is, well, real. Every once in a while, a talking head will rebut some statistic that’s not favorable to his or her opinion by saying, “Yeah, well, you can make statistics say whatever your want them to say.” Super Bowl winning coach Bill Parcells, however, famously said, “You are what your […] [...]

BP Gulf spill compensation fund to be audited

WASHINGTON — An independent audit will be performed on the $20 billion fund set up to compensate victims of last year’s BP oil spill in the Gulf of Mexico, Attorney General Eric Holder announced Wednesday. In a letter to the fund’s administrator, Kenneth Feinberg, Holder stressed that the goal is to balance the need for […] [...]

Alabama still collecting tax for Confederate vets

MOUNTAIN CREEK, Ala. — The last of the more than 60,000 Confederate veterans who came home to Alabama after the Civil War died generations ago, yet residents are still paying a tax that supported the neediest among them. Despite fire-and-brimstone opposition to taxes among many in a state that still has “Heart of Dixie” on […] [...]

There’s hope early season heralds better decade

BILOXI — Derick Ross, his father and his younger brother boarded the 53-foot Mark and Dawn and set out to ply Mississippi waters for shrimp this week, just as Rosses have done since ancestors arrived here from Alabama on a schooner in 1896. By noon, fishing in wind and choppy water around Horn Island, they […] [...]

Mallory carrying out 3-year-old agreement to retire as Cadence Bank CEO & chairman

By Ted Carter The early March closing of an acquisition by Houston banking investment company Community Bancorp LLC will mark the end of Cadence Financial Corp. Chairman & CEO Lewis Mallory Jr.’s 47 years with the Starkville-based regional bank. Mark Abernathy, Cadence’s president, is expected to be elected CEO and Paul B. Murphy Jr., Community […] [...]

Hancock shifting HQ to N.O. with Whitney merger

BY: Greg LaRose, Editor, City Business Hancock Bank will move its headquarters from Gulfport to New Orleans under Hancock’s merger acquisition of regional competitor Whitney National Bank in a $1.5 billion stock-for-stock transaction announced Wednesday. Hancock CEO Carl Chaney said that although the headquarters of the combined companies will be located in New Orleans, much […] [...]

Regions President Talks About Oil Spill

JACKSON- MBJ-TV sits down with Regions Financial Corp. southwest operations president Ronnie Smith. [...]

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