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MBJ FEATURE

How 5 Gulf Coast states will divide BP oil spill settlement

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NEW ORLEANS — Most of the $18.7 billion proposed settlement that BP reached over its 2010 Gulf of Mexico oil spill would go to five Gulf Coast states, if the deal is approved by a judge. A portion of the settlement is not assigned to any particular state. Here’s how the state-specific money breaks down, with payments to states being ...

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State mulling options on extending benefits to same-sex spouses

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By TED CARTER Same-sex couples are tying the knot across Mississippi but the state has not yet decided how – or whether – it will extend worker benefits to the same-sex spouses of state employees. The Mississippi Department of Finance and Administration is trying to get a fix on the state’s obligations in the wake of last week’s ruling by ...

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Same-sex couples have few private workplace protections in Mississippi

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  By TED CARTER  The U.S. Supreme Court has declared same-sex marriages legal but huge gaps remain in protecting gays, lesbians and transgender Americans from discrimination in private-sector hiring, firing and worker benefits. So says Matthew Steffey, a Mississippi College School of Law professor whose expertise includes civil rights and constitutional law. “Married in the morning, fired in the afternoon” ...

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AARON EDWARDS — Business sales strategy 101: The basics

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Y ou’ve spent years growing and developing your business and are now considering a recapitalization or exit strategy. Do you sell a portion of your business to a private equity group in order to take advantage of growth and other business/personal opportunities?  Do you sell the entire business to a management team or strategic buyer as part of your overall ...

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Vintage Highland Village gets a ‘lifestyle’ remake

Above photo shows the two different shades of whitewash painted throughout the site.  To the rights are the new hardscape and landscape areas between the storefronts. These materials, plantings, and furniture are extended into the courtyard.

By JACK WEATHERLY  Jimmy Fowler founded Highland Village in 1972 and for two generations it maintained its niche as a premier high-end shopping place in Jackson. “Curated,” is the term that Lou Masiello uses to describe how Fowler and his son-in-law, Guy Boyle, managed the center. The upscale center at the Northside Drive exit on Interstate 55 has kept its ...

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CFPB investigators enlisting help of former managers of All American Check Cashing stores

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By TED CARTER The U.S. Consumer Financial Protection Bureau has extended its investigation of Madison-based All American Check Cashing to include questioning of former managers of the company’s check cashing and payday lending stores. The Bureau had been reported to have sent investigators to Jackson to interview current and former executives of All American Check Cashing. But the Bureau’s interest ...

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LAW ELEVATED — It’s a good time to franchise your business – can you do it?

Franchising. Business Background.

Franchising is used to expand – and cook up – many types of businesses, especially restaurants. This is understandable, as it’s often viewed as less capital intensive and less risky than other kinds of expansion. Mississippi has a strong history of restaurant franchising and, in my opinion, a host of opportunity for more. It’s not surprising – we’ve got great ...

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Elation Media says it has passed two milestones

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By JACK WEATHERLY  Elation Media, parent of Internet TV startup OTV, has passed two milestones in its efforts to establish a holistic Internet network since founder Bob Schnitzer announced in late April his intention to create the Jackson-based enterprise. In mid-June it closed out its $150,000 seed funding round with an equity buy-in by a Kansas businessman, Paul Mai, founder ...

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BancorpSouth delays acquisitions yet again; Renasant completes Heritage takeover

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Regulatory snags have once again delayed Tupelo’s BancorpSouth Inc. acquisitions of Ouachita Bancshares Corp. of Monrore, La.,  and Central Community Corp. of Temple, Tex. Meanwhile, Tupelo’s Renasant Bank has completed its takeover of  Heritage Financial Group Inc., a bank holding company headquartered in Albany, Ga. and the parent of the $1.9 billion HeritageBank of the South, a Georgia savings bank. ...

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Legendary bluesman Robert Johnson’s son dies in Mississippi

FILE - In this Feb. 1, 2006 file photo taken in Crystal Springs, Miss., Claud Johnson, seated, son of legendary Mississippi blues artist Robert Johnson, shown in the poster on the right, has died at age 83. Johnson who posed with his own son Michael Johnson, won a legal fight in 2014 to keep the profits from the only two known photographs of his father. (Greg Jenson/The Clarion-Ledger, via AP Photo)

JACKSON — A son of legendary Mississippi blues artist Robert Johnson became rich by winning a court fight over his father’s estate. But even when finances were no longer a concern, an attorney said Claud Johnson kept the gravel truck he had driven for years — a reminder of the hard work that guided his own life. Claud Johnson was ...

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