FLOWOOD — Investment firm Prospect Capital Corp. said Tuesday it will pay about $266 million to acquire an 80.1 percent stake in First Tower, a specialty finance company. Prospect Capital said it will pay $110.2 million in cash for the Flowood-based company, and said First Tower shareholders will get 14.5 million shares of Prospect as [...] [...]
by MBJ Staff Published: March 13,2012
Tags: broadband, cell phones, cell towers, federal adency, federal government, Internet, investment, online, telecommunications, telephones
ACROSS MISSISSIPPI — AT&T is making a $53 million investment throughout Mississippi as a result of reforms made to the Federal Communications Commission’s (FCC) Universal Service Fund, a vast majority of which will be used to enable broadband expansion. This investment in Mississippi will mean more than 170 new sites in more than 60 wire [...] [...]
by Associated Press Published: March 13,2012
Tags: capital investment, computers, employment, equipment, hardware, investment, jobs, laboratories, semiconductors, silicon carbide, technology
STARKVILLE — SemiSouth Laboratories plans to spend $18 million to buy new equipment for its Starkville facility, a move that could double employment there over the next 18 months. Privately-held SemiSouth makes silicon carbide semiconductors for solar panels, wind turbines, electric cars and other devices that need to transmit power without leaking any electricity along [...] [...]
by MBJ Staff Published: February 28,2012
Tags: agriculture, chickens, earnings, feed, food, food processing, food processor, investing, investment, investors, loss, manufacturer, manufacturing, market prices, poultry, profit, publicly traded company, revenues, sales
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 [...] [...]
by Associated Press Published: February 17,2012
Tags: colleges, commercial paper, education, funding, funds, higher education, investing, investment, investor, state budget, state government, universities
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 [...] [...]
by MBJ Staff Published: February 17,2012
Tags: chickens, food, investing, investment, investor, poultry, publicly traded company, shares, stock, stock repurchase
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. [...] [...]
by MBJ Staff Published: February 6,2012
Tags: acquisitions, gorcery stores, grocers, investing, investment, investors, meeting, mergers, publicly traded company, shareholders, stock, vote
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 [...] [...]
by MBJ Staff Published: January 29,2012
Tags: biofuels, capital, energy, fuels, investing, investment, investors, loans, plant, REFINERY
COLUMBUS — KiOR Inc., a next-generation renewable fuels company based in Pasadena, Texas, has closed a $75 million, four-year term loan with a lender group comprised of an affiliate of Vinod Khosla and two Canadian corporations owned by certain pension fund clients of Alberta Investment Management Corporation (AIMCo). “This follow-on investment in KiOR reaffirms the [...] [...]
by Associated Press Published: January 27,2012
Tags: building, charges, construction, disaster, disaster recovery, grand jury, hurricanes, investing, investment, investment scheme, investors, natural disaster, rebuilding, scam, servere weather, tropical weather, Weather
MISSISSIPPI GULF COAST — Federal officials say a man in Hawaii has been charged by a grand jury in connection with an investment scheme related to rebuilding projects in areas of Mississippi affected by Hurricane Katrina. A Justice Department news release from the Jackson FBI office identifies the man as 54-year-old Dan Doyle, a resident [...] [...]
HOUSTON, Texas — Texas financier R. Allen Stanford built a vast fortune through his network of banks and other businesses in the U.S., Latin America the Caribbean, and led a lifestyle befitting a billionaire business magnate. Once considered one of the U.S.’s wealthiest people, with an estimated net worth of more than $2 billion, Stanford [...] [...]
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