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Manufacturing

Lexaria issuing additional shares

Lexaria Corp. announces that its July 10 financing was oversubscribed. The company will issue an additional 800,000 shares to have a total of 10,562,370 issued and outstanding, and has received cash proceeds of an additional $40,000. All shares issued in relation to the recent financings are restricted under various securities regulations. If all existing stock options and warrants were to ...

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Catfish industry wants USDA inspections

JACKSON — Because consumer confidence in safe and healthy seafood is critical, the U.S. farm-raised catfish industry maintains its support for USDA inspections. U.S. consumers currently believe that their seafood is subject to the same rigorous inspection standards as those imposed on meat and poultry products, but current FDA inspection programs are hardly adequate to handle the nation’s demand for ...

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Weak egg prices hurt Cal-Maine

JACKSON — Cal-Maine Foods Inc., for the fourth quarter of fiscal 2009, saw net sales of $213.6 million, compared with net sales of $235.6 million for the fourth quarter a year ago. The egg company reported net earnings of $10.3 million, or $0.43 per basic share, for the fourth quarter of fiscal 2009, compared with net earnings of $36.6 million, ...

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WNV, SLE cases confirmed

AROUND MISSISSIPPI — The Mississippi State Department of Health (MSDH) reports two additional human cases of West Nile virus (WNV) for 2009, bringing the state’s total to four. The new cases are in Marion and Harrison counties. The agency also reports one case of St. Louis Encephalitis (SLE) in Forrest County. The MSDH reports both confirmed and probable cases to ...

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Emergency preparedness funds awarded

AROUND MISSISSIPPI — U.S. Sen. Thad Cochran (R-Miss.) announced final approval for four grants worth more than $11.3 million in federal funding that will allow the City of Gulfport, Jackson County and the Mississippi Emergency Management Agency (MEMA) to carryout emergency preparedness projects and overcome recovery costs associated with Hurricane Katrina. Cochran, the ranking member of the Senate Appropriations Committee ...

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Citizens' income decreases

PHILADELPHIA — Citizens Holding Company saw net income for the three months ended June 30, 2009, decrease to $1.84 million, or $0.38 per share-basic and $0.37 per share-diluted, from $2.475 million, or $0.51 per share-basic and diluted for the same quarter in 2008. The provision for loan losses for the quarter was $824,000, compared to $559,000 for the same period ...

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Britton & Koontz's earnings fall

NATCHEZ — Britton & Koontz Capital Corporation reports net income for the three months ended June 30, 2009, was $758,000, or $0.36 per diluted share, compared to $848,000, or $0.40 per diluted share, for the quarter ended June 30, 2008. For the six-month period ended June 30, 2009, net income and diluted earnings per share were $1.4 million and $0.64, ...

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Cal-Maine adds seat on board

JACKSON — Cal-Maine Foods Inc. has expanded its board of directors to a total of eight members, adding Steve W. Sanders. Sanders has been elected as a new independent director and will serve until the company’s annual meeting in October, at which time he will stand for re-election. Sanders was the managing partner of the Jackson office of Ernst & ...

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Sanderson to build N.C. complex

LAUREL — Sanderson Farms Inc. plans to proceed with the construction and start-up of the company’s Kinston, N.C, poultry complex. Sanderson Farms previously announced plans April 24, 2008, to invest approximately $126.5 million for construction of a new feed mill, poultry processing plant and hatchery on separate sites in Kinston and Lenoir County, N.C. On June 26, 2008, the company announced ...

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'Jump Start' bill introduced

WASHINGTON — U.S. Sen. Thad Cochran (R-Miss.) is supporting legislation that would allow new small business owners to deduct up to $10,000 of their initial start-up costs. Cochran is cosponsoring the Small Business Jump Start Act (S.1402), a bipartisan measure that would double the federal tax deduction from the current $5,000 to $10,000, for first-year small business start-up expenses. S.1402 ...

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