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Katrina recovery program hits milsestone

MISSISSIPPI GULF COAST — With the opening of 262 new units today, the Mississippi Development Authority’s (MDA’s) Public Housing Grant Program, funded through Mississippi’s $5.4-billion federally provided Hurricane Katrina recovery package, has now finished more than 900 public housing units, and more are poised to become available in the coming weeks. “We said in April that we expect about 600 ...

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U.S. sues three businesses

GOLDEN — The United States has filed a civil complaint against PowerTrain Inc., Wood Sales Co. Inc., and Tool Mart Inc., all based in Golden, alleging that they imported and sold more than 78,000 Chinese-made engines that do not meet federal air pollution standards, the Justice Department and Environmental Protection Agency (EPA) announced. The lawsuit, filed in U.S. District Court ...

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WCU gets $1M from Asbury Foundation

HATTIESBURG — William Carey University (WCU) has received a $1-million grant toward construction and operation of the proposed College of Osteopathic Medicine (COM) from the Asbury Foundation of Hattiesburg. “This generous gift from the Asbury Foundation is not only a gift to Carey, but to the people of South Mississippi who will eventually reap the rewards of newly trained doctors ...

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Fox anchor gives to Legacy Fund

OXFORD — Fox News anchor Shepard Smith is applauding the leadership of retiring University of Mississippi (UM) chancellor Robert Khayat with a $75,000 gift to the Legacy Fund, which already has hit the $200,000 mark. Created by the University Foundation to honor Khayat, the fund was established to help offset the negative effects of the economy on UM students and ...

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Sanderson Farms back in black

LAUREL — Sanderson Farms Inc. reports net sales for the second quarter of fiscal 2009 were $426.8 million, compared with $433.9 million for the same period a year ago. For the quarter, net income was $26.2 million, or $1.27 per fully diluted share, compared with net income of $6.2 million, or $0.30 per fully diluted share, for the second quarter of ...

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Fitch rates Entergy 'stable'

NEW ORLEANS — Fitch Ratings affirms Entergy Corporation’s issuer default rating (IDR) at “BBB-.” The rating outlook of Entergy has been revised to “stable” from “evolving,” despite management” continuing plan to spin-off the non-utility nuclear assets into an independent company, Enexus. Should the spin-off occur, Fitch anticipates that the transaction would be structured to be credit neutral to Entergy and ...

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DRMC adds new service

GREENVILLE — PET/CT scan service is now available at Delta Regional Medical Center’s (DRMC’s) main campus in Greenville. A PET scan measures important body functions,such as blood flow, oxygen use, and sugar (glucose) metabolism to help doctors evaluate how well organs and tissues are functioning. By identifying changes in the body at the cellular level, PET imaging may detect the ...

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BAE gets more orders for guns

HATTIESBURG — BAE Systems has received orders worth approximately $118 million for 63 more M777 howitzers, taking the order total to exactly 800 guns. The U.S. Marines and U.S. Army are getting 38 of the guns while Canada is acquiring 25 more through the U.S. Foreign Military Sales program to add to the 12 it already has in service. BAE’s ...

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State's unemployment decreases

ACROSS MISSISSIPPI — As is usual for April, Mississippi’s not seasonally adjusted unemployment rate decreased over the month, from 9.4 percent in March to 8.6 percent. However, the April 2009 rate was significantly higher than one year ago when the rate was 5.6 percent. The unemployed total decreased by 12,200 while the number of employed persons increased a mere 100. ...

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SBA loan deadline nears

ACROSS MISSISSIPPI — The U.S. Small Business Administration (SBA) reminds eligible private non-profit organizations (PNPs) that do not provide critical services of a governmental nature of the deadline to submit disaster loan applications for economic losses caused by Hurricane Gustav that occurred from Aug. 28-Sept. 8, 2008. The deadline to file an application for an economic injury disaster loan is ...

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