Posts Tagged ‘investment’

Drew Brees settles lawsuit alleging investment fraud

NEW ORLEANS — New Orleans Saints quarterback Drew Brees has settled a lawsuit with a former teammate who allegedly advising him to invest $160,000 in tax credits that turned out to be bogus, court records show. The suit filed on Brees’ behalf in federal court in 2013 alleged former Saints long snapper Kevin Houser, a […] [...]

Is law degree worth the investment?

by Published: September 19,2014

Tags: investment, law degree, loan, Matthew Hall, Ole Miss law school

The average graduate of the University of Mississippi (Ole Miss) School of Law has a student loan debt of $70,000 to $75,000.  At the height of the recession, some law school grads had trouble landing attorney jobs making enough to pay back the loan. However, the Ole Miss law school has decreased the number of […] [...]

Citizens Holding repurchasing up to 200K shares of common stock

PHILADELPHIA — Citizens Holding Company’s board of directors has authorized the repurchase of up to 200,000 shares of its outstanding common stock over the next 36 months. As part of the share repurchase program, shares may be purchased in open market transactions, including through block purchases, through privately negotiated transactions, or pursuant to any trading […] [...]

Lawmakers write letter to SEC chair over Stanford Ponzi scheme ruling

WASHINGTON — Members of Mississippi’s congressional delegation, including U.S. Sens. Thad Cochran, R-Miss., and Roger Wicker, R-Miss., and U.S. Reps. Gregg Harper, R-Miss., Alan Nunnelee, R-Miss., and Steven Palazzo, R-Miss., have written a letter to Securities and Exchange Commission (SEC) Chair Mary Jo White to appeal a recent ruling by the U.S. Court of Appeals […] [...]

Weyerhaeuser investing $57M to modernize lumber mill

PHILADELPHIA — Weyerhaeuser Co. is investing $57 million to modernize over the next three years at its softwood lumber mill in Philadelphia. Weyerhaeuser said the work will be done in phases. Plans are to install two continuous direct-fired kilns and a new planer mill. In the last year we’ve seen somewhat of an uptick in […] [...]

State’s consumers in line for payments under SunTrust settlement

JACKSON — Attorney General Jim Hood says Mississippi consumers will be eligible for payments under a settlement between 48 states, the federal government and SunTrust. The U.S. Justice Department said yesterday the $968-million settlement resolves allegations that SunTrust underwrote and provided faulty mortgage loans. The federal government accused SunTrust of giving borrowers false and misleading […] [...]

Oil exploration company gets $400M from private equity firm

WILKINSON COUNTY — A private equity firm will invest up to $400 million to support efforts by Houston-based Halcón Resources Corp to drill for oil on the 314,000 acres that Halcón has leased in the Tuscaloosa Marine Shale of southwest Mississippi and southeast Louisiana. Halcón said yesterday that it would sell $150 million in preferred […] [...]

Investment advisor, firm fined by secretary of state

FLOWOOD — A stock brokerage and former investment adviser have been fined by the Mississippi secretary of state for advising a now-dead Greenville woman to buy into a risky and unprofitable company. In a March order announced late last week, Texas-based brokerage Sanders Morris Harris agreed to a $25,000 fine, plus $10,000 to cover investigative […] [...]

Hancock Fabrics’ board votes to go private

BALDWYN — Hancock Fabrics says it plans to stop being a publicly traded company, allowing executives to focus on improving its business. The Northeast Mississippi Daily Journal reports the change has been approved by the Hancock Fabrics board of directors and must be approved by shareholders in August. The company trades under the symbol HKFI, […] [...]

AT&T three-year infrastructure investment tops $1B

JACKSON — AT&T reports it has invested more than $1 billion in its wireless and wired networks in Mississippi between 2011 through 2013. Advancing its Project Velocity IP (VIP), an investment plan to expand and enhance its wireless and wired IP broadband networks, AT&T made 696 network upgrades statewide in 2013. Upgrades included new cell […] [...]

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