Archive | January, 2011

Cadence not sure when it will release 4Q earnings

January 31, 2011

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By Ted Carter Put on hold any curiosity you have about the fourth quarter earnings of Starkville-based Cadence National Bank. The soon-to-go-private regional bank says it will release its earnings but it’s unsure when. “We do not have a definite release date for our earnings,” Cadence spokeswoman Donna Rupp said Friday. Cadence shareholders in December […]

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Healthcare reform: Leaving a bad taste

January 31, 2011

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By Wally Northway There once was a company that was looking to launch a new brand of dog food. Everything looked promising — good brand name, attractive packaging, solid demographics and high marks from prospective customers. And it fell flat on its face. Why? It tasted terrible. Dogs simply hated it. I believe that to […]

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Miss. Power wants another rate increase

January 27, 2011

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By Amy McCullough Here we go again. The Kemper County clean coal plant got approved this summer, but Mississippi Power Company (MPC) and the state Public Service Commission are still continuing the coal vs. natural gas debate that we first began writing about in December 2009. This time the subject is MPC’s coal-fired Plant Daniel […]

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Oh, Canada

January 27, 2011

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By Wally Northway When Stephen Brereton speaks, Mississippians should listen, particularly business people. Brereton is consulate general of Canada, the Magnolia State’s top trading partner. More than 67,000 Mississippians hold jobs due to Canadian trade, which is valued at approximately $1.5 billion. That’s a bunch of zeroes that are hard to ignore. Brereton and aides […]

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Enterprise Corp. of Delta adopts ‘HOPE’ as new name

January 25, 2011

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JACKSON — Enterprise Corporation of the Delta has changed its name to Hope Enterprise Corporation to better reflect the business and community development organization’s geographic expansion into distressed areas beyond the Delta. The change also reflects the organization’s sponsorship of Hope Credit Union, one of the country’s largest community development credit unions. Collectively, the organizations […]

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Passing by Greenville

January 24, 2011

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By Wally Northway Last weekend, I was making a trip from Jackson to Hot Springs, Ark., and I passed by my hometown of Greenville. I say “passed by” because I took Highway 454 just south of the Port City to avoid all of the traffic and stop lights. At the intersection of Highway 454 and […]

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Stupid comments from Mississippi politicians

January 21, 2011

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By the Mississippi Business Journal Mississippi’s legislators just aren’t afraid to blast their cowardice to the world. The MBJ’s most recent favorite examples: The Clarion-Ledger‘s Jan. 21 story “Open meetings bill passes Senate floor” highlights a new law (SB 2289) that would put teeth in the state’s Open Meeting Act. Elected officials who violate the […]

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LLCs have April 15 deadline for submitting annual reports

January 20, 2011

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The new year brought a bit of extra work for Mississippi limited liability companies. For the first time, LLCs based in the state must file annual reports with the Secretary of State’s office by April 15 Don’t stress over it, though. All the state wants is an update on your address, executives and officers. No […]

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Economist: Green energy will not be real US job creator

January 18, 2011

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By Amy McCullough From an editorial in the New York Times by Harvard economics professor Edward L. Glaeser on why green energy manufacturing will never be a real job creator in the United States: “Evergreen Solar announced last week that it was closing its plant in Devens, Mass., laying off 800 workers, and moving production […]

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Street.com’s mini poll ranks Bancorp South, Hancock chiefs among ‘Worst’ financial CEOs

January 17, 2011

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By Ted Carter The pain of a bad year on the stock market continued this week for the heads of Mississippi’s BancorpSouth Bank and Hancock Bank with placement on The Street.com’s list of 10 “Worst” financial CEOs. Hancock Bank’s President & CEO Carl Chaney and COO-CEO John Hairston landed in fifth place on the poll […]

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