JACKSON — Weld North Holdings LLC, an investment company based in New York, has acquired a 100 percent interest in JBHM Education Group. The transaction closed in September. Terms of the agreement were not disclosed. Weld North intends to combine JBHM Education Group with recently acquired Editure Professional Development Inc. of New York, creating a [...] [...]
by MBJ Staff Published: September 26,2012
Tags: bank, banker, banking, finance, financial institution, fund, invest, investing, investment, investor, launch, money, net worth, portfolio, product, retirement, saving
GULFPORT — Hancock Holding Company has launched the Hancock Horizon Diversified Income Fund as a new addition to the company’s $1.5-billion family of investment funds. The fund seeks to generate steady income from a combination of financial investments. Hancock Horizon Funds senior vice president and chief investment strategist John Portwood, CFA, said, “This will be [...] [...]
by MBJ Staff Published: July 25,2012
Tags: advisor, finances, growth, investing, investment, investor, magazine, media, ranking, registered investment advisor
TUPELO — Hardy Reed, LLC was recently named a top 50 fastest-growing registered investment advisory firm in the U.S. by FA (Financial Advisor) magazine. Hardy Reed was listed as the nation’s 24th fastest growing RIA. FA’s 2012 RIA ranking is based on voluntary responses from 514 registered investment advisors who completed an online survey. The [...] [...]
by MBJ Staff Published: July 19,2012
Tags: acquisition, forest, forester, forestry, invesdtor, invest, investing, investment, land, lumber, purchase, real estate, timber, tree, wood
JACKSON — The Hancock Timber Resource Group of Boston and Jackson-based Molpus Woodlands Group have purchased the 1.88 million acre timberland portfolio of Forest Capital Partners, the companies report. Terms of the transaction were not disclosed. Hancock Timber is acquiring 376,000 acres in Louisiana, 573,000 acres in Oregon, 138,000 acres in Idaho and 264,000 acres [...] [...]
HATTIESBURG — One of Mississippi’s oldest family owned companies has taken on an investor from outside the state. Bobby L. Chain, chairman of Chain Electric Co., tells the Hattiesburg American his family will remain at the helm of the 57-year-old company based in Hattiesburg. Chain says as a result of the mid-June “recapitalization,” the controlling [...] [...]
by Associated Press Published: July 12,2012
Tags: bank, banker, banking, bench, court, finance, financial institution, invest, investment, investor, judge, judicial, juducuary, settlement, share, shareholder, stock
TUPELO — BancorpSouth Inc. and a group of shareholders have asked a federal judge in Tennessee to approve a settlement of a 2010 lawsuit. The Northeast Mississippi Daily Journal reports the proposal was filed recently in U.S. District Court of Middle Tennessee in Nashville after “arm’s-length negotiations” between mediators for both parties. The lawsuit was [...] [...]
by Associated Press Published: June 14,2012
Tags: bilk, investing, investment, investor, ponzi scheme, scam, scheme, sentencing, stealing, theft
HOUSTON, Texas — If federal prosecutors have their way, former jet-setting Texas tycoon R. Allen Stanford could receive a prison sentence that spans two centuries for bilking investors out of more than $7 billion over two decades in one of the largest ponzi schemes in U.S. history. Calling Stanford a “ruthless predator” who stole from [...] [...]
ACROSS MISSISSIPPI — Eligible investors face a June 16, 2012 deadline to file a claim for a portion of a multi-million dollar settlement with Morgan Keegan. Last June, Secretary of State Delbert Hosemann negotiated a settlement on behalf of investors who invested in certain Morgan Keegan bond funds. “These settlement funds will bring some relief [...] [...]
by MBJ Staff Published: May 30,2012
Tags: airplanes, aviation, employees, expnsion, groundbreaking, investment, jets, jobs, l capital investment, manufacture, manufacturer, manufacturing, military, workers
SHANNON — General Atomics’ Electromagnetic Systems Group (GA EMS) broke ground today on an expansion to its existing 127,000-square-foot facility in Shannon. The expansion project represents a $12 million corporate investment and will create 25 additional direct jobs over the next three years, according to the Mississippi Development Authority (MDA). From its Shannon location in [...] [...]
by MBJ Staff Published: April 9,2012
Tags: federal government, harbor pilots, infrastructure, investment, maritime, ports, shipping, ships, strategic policy, trade associations, transportation
BILOXI — Former Gov. Haley Barbour, speaking to a regional gathering of Gulf states harbor pilots, called for a “bias for action and a sense of urgency…for increased U.S. investment in waterways infrastructure and a national strategic policy to prepare and equip U.S. ports in the Gulf of Mexico and the Atlantic Seaboard for increased [...] [...]
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