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Fitch awards solid, stable AA rating to new IHL borrowing

January 15, 2015

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The candidate selected to replace the departing Hank Bounds as Mississippi’s commissioner of higher education will inherit a sound and stable borrower profile for the State Institutions of Higher Learning. In a Jan. 13 ratings report, Fitch Ratings Service maintained the AA rating on a new issuance of revenue bonds the IHL expects to sell […]

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Mississippi projects part of nearly $1 billion public-private conservation partnerships

January 14, 2015

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Mississippi, the 49 other states and Puerto Rico will receive more than $370 million in federal funding for 115 high-impact conservation projects as part of the new Regional Conservation Partnership Program. In turn, these projects will leverage an estimated $400 million in partner contributions to improve the nation’s water quality, support wildlife habitat and enhance the […]

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Fed’s Atlanta district reports employers switching to hiring mode

January 14, 2015

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Demand for workers has increased throughout the Atlanta Federal Reserve District in recent weeks, the Federal Reserve reported in the Jan. 14 Beige Book. Published several times a year, the Beige Book provides assessments of economic conditions in the nation’s 12 Fed districts. Beige Book information is gathered from a network of business sources in […]

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FORBES: Mississippi needs a dose of transparency at state department of revenue

January 13, 2015

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A recent article in State Tax Notes details some transparency concerns at the Mississippi Department of Revenue that are (unfortunately) somewhat commonplace. For example, the department does not publish letter rulings, which can be useful in helping taxpayers understand the risk associated with a particular transaction. In general, taxpayers want to go into matters with eyes wide […]

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FHA mortgage holders getting half-percent cut on insurance premiums

January 9, 2015

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An improved housing market has led the Federal Housing Administration (FHA) to reduce the annual mortgage insurance premiums new borrowers will pay by half of a percent. The premium cut is projected to save more than two million FHA homeowners an average of $900 annually and spur 250,000 new homebuyers to purchase their first home […]

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US gains 252K jobs; unemployment rate falls to 5.6 pct.

January 9, 2015

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WASHINGTON — The United States capped its best year for hiring in 15 years with a healthy gain in December, and the unemployment rate hit a six-year low. The numbers support expectations that the United States will strengthen further this year even as overseas economies stumble. The Labor Department said Friday that employers added 252,000 […]

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Global stocks edge lower as investors await US jobs report

January 9, 2015

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Jonathan Corpina

LONDON — Global stocks edged lower on Friday ahead of a monthly U.S. employment report that will confirm whether the country remains a bright spot in an otherwise languishing world economy. KEEPING SCORE: France’s CAC 40 was down 0.7 percent at 4,231.41 and Germany’s DAX shed 0.6 percent to 9,781.03. Britain’s FTSE 100 lost 0.5 […]

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Jenna C. Newmark joins Butler Snow in New York

July 8, 2014

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NEW YORK — Butler Snow is pleased to announce Jenna C. Newmark has joined the firm’s New York office.   Newmark is a member of the firm’s Pharmaceutical, Medical Device and Healthcare Group and will focus her practice on defending pharmaceutical companies in products liability suits. Newmark completed her undergraduate education in international relations – political economy and development […]

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MDA grants KiOR forbearance after biofuels maker defaults on payment

July 3, 2014

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COLUMBUS, Mississippi — In a sign that biofuel maker KiOR Inc.’s money troubles aren’t letting up, the start-up company will make a $250,000 forbearance payment to the Mississippi Development Authority in exchange for 120 days to get current on its nearly $70 million debt to the MDA. KiOR defaulted on a $1.87 million payment that was […]

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Is the SEC Network nearing a deal with Comcast?

July 3, 2014

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According to the Birmingham Business Journal, the new SEC Network appears to be nearing a deal with Comcast, the nation’s largest cable company. According to Fox Sports, a spokesman for Comcast said the two sides are working out the final details of the deal and expect to reach an agreement in the near future. The network […]

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