Posts Tagged ‘investing’

SEC asks court to decide on compensation to Stanford victims

by MBJ Staff Published: December 15,2011

Tags: courts, federal government, fraud, investing, investment, investor fraud, investors, ponzi scheme, scam, scheme

WASHINGTON — The Securities and Exchange Commission (SEC) has asked a federal court to determine whether the Securities Investor Protection Corp. should provide compensation to victims of a Ponzi scheme perpetrated by the Stanford Group. Sen. Thad Cochran (R-Miss.) has supported efforts to have the SEC and SIPC address the losses incurred by investors, including […] [...]

State’s action against Morgan Keegan workers settled

JACKSON — An administrative action against Morgan Keegan & Company employees and Morgan Asset Management employees, Brian B. Sullivan, Gary Stringer, and Michele Wood has been resolved with the State of Mississippi, according to the Secretary of State’s Office. No Mississippi Morgan Keegan brokers were involved in this action. The order resolving the case is […] [...]

MBJ EDITORIAL: Rate increase of 11.35 percent just the beginning in regard to Kemper

by MBJ Staff Published: November 17,2011

Tags: Amazon, amazon.com, american idol, Anthony Topazi, aol, aol mail, aol.com, aquarius, Associated Press, auto trader, banking and finance, Ben Stone, Best Buy, bikini, bing, Bloomberg, Boyce Adams, Brandon Presley, break ground, Brent Bailey, Businessweek, Cars, charlie sheen, Clarion Ledger, CNN, comcast.net, construction, Costco, courts, craigs list, craigslist, dailymotion, dictionary, diet, disaster, disaster recovery, dogpile, drudge report, EBay, ebay motors, ebay.com, economic development, economy, Ed Day, egotistic, employment, energy, environment, espn, expedia, Facebook, facebook login, facebook.com, federal agency, federal government, firefox, fox news, gaming, gmail, gmail.com, Google, Google Earth, google maps, google search, google.com, higher education, home depot, hospitality, hot, hotels, hotmail, hotmail sign in, hotmail.com, hulu, imdb, infospacegames.com, investing, jobs, justin bieber, Kemper County Coal plant, Kemper County IGCC Project, Keywords, kohl’s, Lady Gaga, lawsuit, Leonard Bentz, lowes, Lynn Posey, manufacturing, map quest, mapquest, maps, medication, mergers and acquisitions, Mississippi, Mississippi Business Journal, Mississippi Power Company, Mississippi Supreme Court, msn, msnbc, municipal government, netflix, NEWS, offshore drilling, oil spill, Olympic, paypal, PSC, Public Service Commission, RAND, real estate, recession, Reuters, search engines, sears, Sondra McLemore, Southwest Airlines, square feet, state agency, state government, target, tourism, transportation, U.S. Supreme Court, unemployment, USPS, utilities, Verizon Wireless, Walmart, Weather, weather channel, weather.com, weight loss, white pages, Wikipedia, www.facebook.com, www.google.com, www.yahoo.com, yahoo, yahoo mail, yahoo.com, you tube, YouTube, youtube videos, youtube.com

It was only a matter of time before Mississippi Power Company started raising the rates on its customers to pay for the $2.88 billion Kemper County coal plant. So, last week MPC filed documents with state regulators — the Public Service Commission — for a requested rate increase of 11.35 percent. The Commission has the […] [...]

Supreme court will hear Kemper Coal Plant arguments

The Mississippi Supreme Court will hear arguments from the Sierra Club challenging the state Public Service Commission’s approval of the project in Kemper County by Mississippi Power Co. Mississippi Power has started construction of the $2.4 billion coal plant. Oral arguments are scheduled for Dec. 14. The suit was filed and heard in Harrison County […] [...]

Lightfoot, GE investing in liquefied natural gas market

by MBJ Staff Published: November 3,2011

Tags: capital, energy, gas, investing, investment, investors, liquefied natural gas, manufacturing, natural gas

PASCAGOULA — Lightfoot Capital Partners, LP, has teamed up with GE Energy Financial Services to make a strategic investment in the liquefied natural gas market. Lightfoot Capital will make a direct investment and own a 48 percent interest in Arc LNG Holdings, LLC, which will own a 20 percent interest in Gulf LNG Energy’s terminal […] [...]

A.B. Data to distribute $200M to Morgan Keegan investors

JACKSON — The U.S. Securities & Exchange Commission and regulators from Tennessee, Alabama, Kentucky, Mississippi and South Carolina have appointed A.B. Data, Ltd. of Milwaukee, Wis., to distribute $200 million to investors from the regulators’ settlements with Morgan Keegan & Company and Morgan Asset Management. The settlements resulted from an investigation of seven proprietary bond […] [...]

Ex-NFL player pleads guilty to business scam

JACKSON — A former National Football League player and Mississippi businessman has admitted to using investors’ money for a planned resort area in China and to buy himself a luxury van, a boat and other items. The Clarion-Ledger reports 48-year-old Jeffrey L. Walker, formerly of Madison, pleaded guilty yesterday in U.S. District Court to wire […] [...]

Sanderson registers with SEC, but does not plan to offer shares

LAUREL — Sanderson Farms Inc. has filed a Form S-3 shelf Registration Statement with the Securities and Exchange Commission (SEC) to register for possible future sale shares of the company’s common and/or preferred stock at an aggregate offering price not to exceed $1 billion. The stock may be offered by the poultry company in amounts, […] [...]

Molpus Woodlands buys timberland in two states

by MBJ Staff Published: September 30,2011

Tags: forestry, forests, investing, investments, land, mergers and acquisitions, real estate, timber, timberland, trees

JACKSON — The Molpus Woodlands Group, LLC, on behalf of an unnamed client, has successfully purchased approximately 26,500 acres of timberland located in Georgia and Virginia. The timberland, located in Liberty and Long Counties in Georgia, and Greensville, Sussex and Southhampton Counties in Virginia, consists mainly of southern pine timberland. Molpus currently manages approximately 22,000 […] [...]

Cellular South announces change to C Spire Wireless

On Monday, Cellular South will get a new name — C Spire Wireless — and the company says it will also beome the nation’s first wireless provider to introduce personalized wireless services. “We have entered a new era in wireless – an era centered on broadband networks, mobile computing devices and now personalized services. Completing […] [...]

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