by Associated Press Published: June 12,2012
Tags: fraud, hospitality, hotels, inn, inns, investing, investments, investors, lodging, resort, restaurants, tourism, tourists, vacationers, vacationing, vacations, visitors
LAKESHORE — A former owner of New London, Conn.’s, historic Lighthouse Inn is facing a trial in federal court on charges she helped defraud $1.7 million from investors in a resort project in Mississippi. Maureen Clark of Stonington and her former business partner, Cristopher Plummer of Lyme, were accused of using much of that money [...] [...]
by MBJ Staff Published: May 15,2012
Tags: bonds, corrections, debt, debt ratings, investing, investments, investors, jails, prisons, ratings
MARSHALL COUNTY and WILKINSON COUNTY — Fitch Ratings has withdrawn its ratings on the following bonds due to pre-refunding activity: • Mississippi Development Bank (MS) (MSLoan Prog-Mississippi Department of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 [...] [...]
by Associated Press Published: April 30,2012
Tags: bills, bonds, construction, investments, lawmakers, laws, legislation, legislative, legislators, Legislature, state government
JACKSON — A bond package that would have provided funding for repairs and new construction across Mississippi died when a Saturday deadline passed, though the legislature continued making strides yesterday to finish the budget process. Republican Lt. Gov Tate Reeves held his line this weekend, demanding a smaller bond package than the $250 million proposal [...] [...]
by MBJ Staff Published: March 22,2012
Tags: acquisitions, Commercial Real Estate, facility, industrial, investing, investment, investments, land, property, purchases, real estate
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 [...] [...]
by MBJ Staff Published: March 2,2012
Tags: acquisitions, computers, cybe crime, defense, hardware, Homeland Security, information technology, intelligence, investing, investments, investors, mergers, military, security, shares, software, stock exchange, stocks, trechnology
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 [...] [...]
by Associated Press Published: February 21,2012
Tags: athletes, athletics, courts, fraud, investing, investments, investors, judge, judicial, judiciary, professional athletes, professional sports, scam, scheme, sentencing, tax evasion, taxes, wire 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 [...] [...]
by MBJ Staff Published: January 25,2012
Tags: bank, banking, cellphones, finance, financial institution, insurance, investing, investments, investors, mobile app, publicly traded company, shares, smartphones, stock, telecommunications
TUPELO — BancorpSouth Inc. has closed an underwritten public offering of 10,952,381 shares of its common stock at a price to the public of $10.50 per share. The gross proceeds from the offering, before expenses, were $109.3 million. The proceeds from the offering will be used by the financial institution for general corporate purposes, including [...] [...]
by MBJ Staff Published: January 18,2012
Tags: banking and finance, Banks, financial institutions, investing, investments, investors, public offering, publication, publicly traded company, shares, stocks
TUPELO — BancorpSouth Inc. has commenced an underwritten public offering of $100 million of its common stock. The company said it intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of common shares sold pursuant to this transaction. All of the shares are being offered by the Tupelo-based [...] [...]
BIRMINGHAM, Ala. — Regions Financial Corp. has entered into a stock purchase agreement to sell Morgan Keegan & Company Inc. and related affiliates to Raymond James Financial Inc., for $930 million. As part of the transaction, Morgan Keegan will also pay Regions a dividend of $250 million before closing, pending regulatory approval, resulting in total [...] [...]
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 [...] [...]
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