Posts Tagged ‘investing’

Fitch withdraws ratings on MDOC bonds for prison projects

MARSHALL COUNTY and WILKINSON COUNTY — Fitch Ratings has withdrawn its ratings on the following bonds due to pre-refunding activity: • Mississippi Development Bank (MS) (MSLoan Prog-Mississippi Department of Corrections-Marshall County Correctional Facility Refunding Proj) general obligation special obligation bonds series 2008C (all maturities); and • Mississippi Development Bank (MS) (MSLoan Program-Mississippi Department of Corrections […] [...]

Ex-NFL player going to jail for defrauding investors

JACKSON — Former NFL football player Jeffrey Walker is going to prison for defrauding investors in four states of more than $2 million in what prosecutors say was a land development scheme involving property in China. A federal judge sentenced Walker to 45 months for wire fraud and 36 months for tax evasion. The sentences […] [...]

New Jersey investment firm buys industrial building for $16.2M

OLIVE BRANCH — Monmouth Real Estate Investment Corporation of Freehold, N.J., has acquired a 234,660-square-foot industrial building located at 8644 Polk Lane, Olive Branch, at a purchase price of $16.2 million. The property is net-leased for 10 years to Anda Pharmaceuticals Inc., a distribution division of Watson Pharmaceuticals Inc. The building is situated on approximately […] [...]

Jury clears way to go after Stanford’s foreign bank accounts

HOUSTON, Texas — A Texas jury cleared the way yesterday for U.S. authorities to go after $330 million in stolen investor funds sitting in frozen foreign bank accounts controlled by convicted Ponzi schemer R. Allen Stanford. The jury, which convicted the former tycoon on 13 of 14 fraud-related counts earlier this week, found there to […] [...]

Dallas company looking to purchase Seventh Knight via stock swap

VICKSBURG — Fusion-Q of Dallas, Texas, has made a tender offer to acquire the shares of Seventh Knight Inc. Under the terms, Fusion-Q has tendered an offer to acquire Seventh Knight with Fusion-Q preferred stock in exchange for the 9,674,403 shares of common stock outstanding stock of Seventh Knight. Thereafter, each Fusion-Q preferred share would […] [...]

Sanderson sees better quarter, but still loses $8M

LAUREL — Sanderson Farms Inc., for the first fiscal quarter ended Jan. 31, saw net sales of $517.8 million compared with $427.7 million for the same period a year ago. For the quarter, the poultry company had a net loss of $8.0 million, or $0.36 per share, compared with a net loss of $33.6 million, or […] [...]

Judge postpones ex-NFL player’s sentencing for fraud

MADISON — A federal judge has put off a former NFL player’s sentencing to give prosecutors time to notify possible fraud victims in Mississippi, Tennessee, Florida and Arizona. The Clarion-Ledger reports that the amount of Jeffrey Walker’s restitution payment will depend on the number of victims. Sentencing had been scheduled for last Friday. Federal assistant […] [...]

Board approves MSU to enter commercial paper market

STARKVILLE — Higher education officials will allow Mississippi State University to enter the “commercial paper” market to obtain $50 million for future construction projects. The state College Board approved Mississippi State’s request yesterday. The commercial paper market is short-term IOUs that companies sell to meet cash-flow needs. Issuing commercial paper is a way for companies […] [...]

Sanderson Farms expands, extends stock repurchase program

LAUREL — Sanderson Farms Inc.’s board of directors yesterday expanded and extended to Feb. 16, 2014, its stock repurchase program approved Oct. 22, 2009, to repurchase up to one million shares from time to time at prevailing prices in open market transactions or in negotiated purchases, subject to market conditions, share price and other considerations. […] [...]

Winn-Dixie shareholders to vote on proposed BI-LO deal

JACKSONVILLE, Fla. — Winn-Dixie Stores Inc. will hold a special meeting of shareholders at Winn-Dixie’s headquarters in Jacksonville, Fla., March 9. The purpose of the meeting will be to, among other things, consider and vote on a proposal to approve the previously announced agreement and plan of merger, dated as of Dec. 16, 2011, pursuant […] [...]

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