Business Blog

Regions Financial Corp. is setting the stage for repaying $3.5 billion in Troubled Asset Relief Program, or TARP, money it owes the U.S. Treasury. The Birmingham-based bank, which holds the leading market share for banks in Mississippi, Tuesday announced a $900 million common stock offering to raise money to buy back the $3.5 million Series [...]

Two closed manufacturing sites in Mississippi have been added to the Environmental Protection Agency’s Superfund list. Chemfax Inc. was a manufacturer of synthetic resins and waxes in Gulfport. Southeastern Wood Preserving was a wood treating operation in Canton. They are among four new Superfund sites the EPA announced Tuesday. The others are in Florida and [...]

Foreclosure rates in Jackson and Mississippi as a whole have decreased for the month of December over the same period last year, new data from CoreLogic shows. California real estate research firm CoreLogic data reveals that the rate of Jackson area foreclosures among outstanding mortgage loans was 2.41 percent for December 2011, a decrease of [...]

AT&T representatives announced this morning that Mississippi is getting a $53 million investment from the telecom giant following recent reforms made to the Federal Communications Commission’s Universal Service Fund. In a release, AT&T says that most of the investment will go towards more broadband development for their customers especially in rural parts of the state. [...]