Archive | July 2nd, 2012

State orders $423,801 repaid for bogus OT, call-back pay at mental health office

July 2, 2012

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  Mississippi authorities have served Dr. Pam Baker, retired director of the South Mississippi Regional Center in Long Beach, a division of the Department of Mental Health, with a demand for repayment of $423,801 in unsubstantiated overtime and call-back pay to dozens of employees. State Auditor Stacey Pickering said Baker authorized payments to employees for […]

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Federated to Buy Mutual Funds from Jackson’s Trustmark

July 2, 2012

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Trustmark Corp. is selling eight mutual funds with roughly $903 million of assets to Federated Investors (FII) of Pittsburgh and its subsidiaries. The eight funds, named the Performance Funds, are managed by Trustmark Investment Advisors, the asset management arm of the $9.8 billion-asset Trustmark. Four of the eight funds are equity funds, two are fixed-income […]

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Mobile lands aircraft builder Airbus, 1,000 new jobs

July 2, 2012

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French aircraft builder Airbus has selected Mobile as home for a $600 million plant for producing the A320 150-seat passenger plane. The plant is expected to employ 1,000 workers to reach a target of producing four of the commercial aircraft by 2017, The Associated Press reported Monday. It also will create about 2,500 construction jobs, […]

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