Archive | October 3rd, 2013

Tropical Storm Karen has FEMA workers un-furloughed

October 3, 2013

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Even a federal shutdown has to yield to a potential hurricane. Some workers who were furloughed due to the federal government shutdown are being called back to work as Tropical Storm Karen churns in the Gulf of Mexico. White House spokesman Jay Carney says President Barack Obama is being updated about the storm. He says […]

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UPDATED: Brandon’s Thrash mulls accepting $33.4 million contract to build state’s museums

October 3, 2013

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JACKSON, Mississippi — Brandon’s Thrash Commercial Contractors Inc. has snagged the contract to build the first phase of the Mississippi History Museum and Civil Rights Museum. Thrash, a longtime Central Mississippi construction contracting company that switched exclusively to commercial building in 2000, won the contract with an apparent low bid of $33.4 million. Thrash was […]

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Furniture Brands deal with KPS includes Lane and expected rescue of 1,400 Tupelo jobs

October 3, 2013

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After weeks of back and forth with two prospective buyers, Furniture Brands International has entered into an asset purchase agreement with KPS Capital Partners LP that includes Lane Furniture, which employs 1,400 workers in Tupelo. The St. Louis Business Journal reported the announcement of today’s purchase agreement. Meanwhile, the Northeast Daily Journal reports that KPS […]

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C Spire to build $20 million data center in Starkville

October 3, 2013

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STARKVILLE, Mississippi – C Spire unveiled plans today to build a $20 million data center in Northeast Mississippi that will offer businesses a full suite of cloud solutions to help it manage mission-critical data, infrastructure and enterprise applications. The 22,400-square-foot center will be located on a 6.5-acre site at Thad Cochran Research, Technology and Economic […]

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Starkville-based social media site YeHive assembles team, raises funds

October 3, 2013

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STARKVILLE, Mississippi — YeHive, an event-centered social media platform based in Starkville, has met its first fundraising goal and has assembled an advisory board and expanded its executive team as it prepares to move forward. “YeHive intends to revolutionize the way people share and participate in events and experiences,” said Brad Fuller, YeHive’s founder and […]

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MEMA tells Mississippians: Prepare for hurricane

October 3, 2013

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JACKSON, Mississippi— The Mississippi Emergency Management Agency is telling people in or near the three coastal counties to prepare for tropical weather by late Friday or early Saturday. The National Hurricane Center in Miami says Tropical Storm Karen has formed in the Gulf of Mexico. A hurricane watch was put in effect Thursday from Grand […]

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Furniture Brands bankruptcy judge picks higher bid

October 3, 2013

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By Dennis Seid, Daily Journal A U.S. Bankruptcy Court tapped KPS Capital Partners as the stalking horse bidder for Furniture Brands International, which filed for Chapter 11 last month. KPS’ $280 million bid is $20 million higher than the one offered by Oaktree Capital Management, which had initially been favored by Furniture Brands to be […]

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Tropical Storm Karen forms in Caribbean, aims for the Gulf Coast

October 3, 2013

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Tropical Storm Karen has formed in the Caribbean, the National Hurricane Center reported Thursday morning, becoming the 11th named storm of the Atlantic hurricane season. As of 8 a.m. ET, the storm had winds of 60 mph. Hurricane and tropical storm watches have been posted for the U.S. Gulf Coast from Florida to Louisiana.. The […]

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Report: Manufacturers seeing fewer new orders, decreasing payroll

October 3, 2013

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Manufacturing activity in the Southeast declined in September, dropping below 50 for the first time this year, according to the Southeast’s Purchasing Managers Index (PMI) report released by Kennesaw State University’s Econometric Center in the Michael J. Coles College of Business. The gap between the National PMI of 56.2 and the Southeast PMI of 48.5 […]

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Mississippi State boosts power with liquid-cooled ‘Shadow’

October 3, 2013

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Mississippi State University already boasted a lot under the hood when it comes to supercomputing power, and it is boosting that with a new, liquid-cooled model. MSU’s High Performance Computing Collaboratory (HPC2) will soon be home to a CS300-LC cluster supercomputer manufactured by Cray Inc. Named “Shadow,” the new system will serve as the primary […]

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