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 [...] [...]
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. [...] [...]
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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