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MBJ FEATURE

Mallory exit to carry out earlier agreement on Cadence retirement

The early March closing of an acquisition by Houston banking investment company Community Bancorp, LLC, will mark the end of Cadence Financial Corp. chairman and CEO Lewis Mallory Jr.’s 47 years with the Starkville-based regional bank. Mark Abernathy, Cadence’s president, is expected to be elected CEO and Paul B. Murphy Jr., Community Bancorp president, chairman, Cadence said in a filing ...

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Burden of proof bill’s odds of advancing slim

A bill that would require insurance companies bear the burden of proof relating to policy exclusions has passed the House and has been referred to the Senate Insurance Committee. There are varying degrees of optimism about whether the bill will make it out of the Insurance Committee, or will die there. House Bill 203 would codify what has recently become ...

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Get on the social media train … or get left behind

Following a meeting at the Facebook headquarters in California, Joe Stradinger sat down at his computer and implemented a new feature called Facebook Stories to the Viking Range fan page. Following a meeting at the Facebook headquarters in California, Joe Stradinger sat down at his computer and made a small change to Viking’s use of feature called Facebook Stories. Four ...

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Port Gibson biomass facility in early planning stages

Officials with National Clean Fuels (NACF), a Houston,Texas-based company that hopes to build a biomass facility in Claiborne County, traveled to Mississippi the second week of February hoping to finalize a land lease for the site. While no lease agreement has been reached yet, the president of the company that’s handling the planning for National Clean Fuels says one is ...

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Increased office vacancies fail to dim outlook for rebound

Metro Jackson’s office market enters 2011 with more empty space than filled, though the regional director of a firm that surveys the local market quarterly says tenant expansions are now more likely than contractions. “We think the contractions have stopped,” said John Barton, senior vice president and senior asset manager for Parkway Properties, a national property management firm that represents ...

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Heading out of Hinds: Census confirms Rankin, Madison prime destination

The 2010 Census shows Jackson and Hinds County had a net loss of about 5,500 people over the decade. Rankin and Madison counties are generally of thought to be the destination for many of the former residents. This shift is borne out by income tax filings tracked by Southern Rural Development Center demographic researcher Dr. Roberto Gallardo. The filings he ...

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Merging research

As at all of Mississippi’s public institutions of higher learning, Mississippi State University is looking to cut costs where possible. However, a recently announced merger of two of the land grant university’s departments is also expected to increase the quality of scientists’ research. Late last year, Mississippi State University announced it was merging the Department of Biochemistry and Molecular Biology ...

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Stuck at the station

East Mississippi’s rail corridor runs from Corinth to Waynesboro, skips 50 miles, and then runs from Lucedale to the Port of Pascagoula. The Railroad Authority of East Mississippi, formed in 2009, wants to fill the gap from Waynesboro to Lucedale, but a congressional ban on earmarks is not helping that effort. One of the first moves Republican House leadership made ...

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Center for Justice aids spill victims

Many BP oil disaster victims, like shrimp and oyster harvesters, have turned in claims paperwork to the Gulf Coast Claims Facility, only to have it rejected due to inadequate documentation. Many don’t have the financial resources to hire private lawyers and some may also lack the educational background to be able to handle the paperwork on their own. Enter the ...

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Mississippi’s ‘Brain-Drain’

Teen pregnancy, ‘anti-intellectual’ culture blamed for economic woes As a tracker of Mississippi’s economic and population shifts, Pete Walley has looked closely at the 2010 census numbers on the state and its counties. What he’s seeing, he says, is a six-decade-old theory on population migration playing out in the Magnolia State: “Those that can will migrate to find better opportunities.” ...

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