Mississippi Business Journal » interest

Entergy repaying school $1.2M-plus for years of overbilling

Associated Press — Tue, 09 Apr 2013 12:18:50 +0000

HERNANDO — Entergy Mississippi is reimbursing Hernando High School $1,230,313.55 for over a decade of high electricity bills, according to Public Service Commissioner Brandon Presley. From September 2001 to July 2012, Entergy over billed the school for electricity usage for an amount just under a million dollars, a press release from Presley’s office states. At [...]

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Firm that owes state millions files for bankruptcy

Associated Press — Mon, 11 Mar 2013 16:30:50 +0000

MERIDIAN — A Texas company that Mississippi officials say owes the state $3.5 million has filed for bankruptcy, complicating collection efforts. Handy Hardware, a hardware wholesale cooperative, announced in November it was closing its two-year-old Meridian warehouse. By then, the Houston company had missed an October interest payment to Capital One Financial Corp. and defaulted [...]

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Renasant sees profits soar during fourth quarter

Associated Press — Wed, 16 Jan 2013 13:52:20 +0000

TUPELO — Regional bank Renasant Corp. said profit in 2012′s fourth quarter rose 26 percent from the same three months of 2011, as the bank set aside less to cover bad loans and paid savers less interest. Renasant said it made a quarterly profit of $7.28 million, or 29 cents per share, up from $5.79 [...]

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Callon Petroleum sells interest in oil field

Associated Press — Thu, 29 Nov 2012 16:42:44 +0000

NATCHEZ — Callon Petroleum Co. says it will sell its share of an oil field to Royal Dutch Shell, PLC for $42 million. The Mississippi company will sell its 11.25 percent interest in the Habanero field to Shell Offshore, planning to close the deal before year end. The field, in 2,000 feet of water about [...]

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State looking for nearly $395M in back taxes, interest, penalties

Associated Press — Mon, 19 Nov 2012 15:42:02 +0000

ACROSS MISSISSIPPI — The Department of Revenue has dunned 154,300 taxpayers for a total of nearly $395 million in back taxes, interest and penalties, The Northeast Mississippi Daily Journal reported. The department has collected $1.2 million mailed by 4,000 taxpayers, department spokeswoman Kathy Waterbury said last week. She didn’t know how many paid online, or [...]

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State will not have to repay interest earned on Katrina fund

Associated Press — Wed, 11 Apr 2012 14:50:11 +0000

JACKSON — Attorney General Jim Hood says Mississippi won’t have to repay about $987,000 in interest the state purportedly earned on Hurricane Katrina public assistance fund. Hood said yesterday in a news release that the Federal Emergency Management Agency ruled favorably on Mississippi’s appeal of an audit by the Inspector General. Hood said that on [...]

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Legislation would drive up interest rates on some loans

Associated Press — Tue, 03 Apr 2012 14:43:03 +0000

JACKSON — Mississippi borrowers could soon pay more for some kinds of loans if lawmakers approve a bill to allow higher interest rates. House Bill 1396 would allow loan companies to charge 99 percent interest for loans up to $1,500. The current cap is 36 percent. It would also change amounts that could be charged [...]

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City workers’ move into Metrocenter snarled in dispute

Associated Press — Fri, 30 Mar 2012 13:03:43 +0000

JACKSON — After the Jackson City Council agreed in February to pay for the installation of wiring at the Metrocenter, around 300 city workers were expected to move into their new offices within 45 days. Now, 54 days later, The Clarion-Ledger reports not a single wire has been installed because of a dispute over whether [...]

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Lawmakers approve measure aimed at reducing state’s debt

MBJ Staff — Tue, 13 Mar 2012 22:03:54 +0000

JACKSON — The Mississippi Senate today passed legislation that would direct additional funds to pay off state debt and move toward reducing the state’s total debt, Lt. Gov. Tate Reeves announced. “We need to get control of the state’s debt, and this bill is one way we can do that and be responsible stewards of [...]

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Fed expected to hold interest rate

Associated Press — Tue, 27 Apr 2010 11:41:11 +0000

WASHINGTON — Confidence is growing that the economic rebound will strengthen. And to make sure it does, the Federal Reserve is considered certain to hold interest rates at record lows when it meets this week. Fed Chairman Ben Bernanke and his colleagues open a two-day meeting today at a time when the economic outlook has [...]

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