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Biloxi settles with BP for $4.9 million

BILOXI — The city of Biloxi is accepting $4.9 million from BP as part of a group settlement of local government claims for economic losses caused by the 2010 BP oil spill in the Gulf of Mexico. Last week, BP and five coastal states announced a deal to provide $18.7 billion in new money to the states. The company said ...

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USM enrollment drops 1,400 in 3 years; $5.9M in budget cuts

HATTIESBURG — The University of Southern Mississippi has seen enrollment drop nearly 9 percent since 2011, forcing campus-wide budget cuts for the coming fall. The Hattiesburg American reports that enrollment fell from nearly 16,200 in fall 2011 to less than 14,800 in fall 2014. Douglas Vinzant, vice president for finance and administration, says state appropriations used to play a bigger ...

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MARTY WISEMAN: 2016 and the ‘income inequality’ debate

Perhaps the thing that is evolving as the most unusual element at this early stage of the 2016 presidential race has to do with the central or dominant theme that will be debated with the greatest vigor during the coming campaign.  While such issues as which war do we leap into in the Middle East, the immigration debacle, same-sex marriage ...

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TODD SMITH: NBC’s Brian Williams begins ‘apology tour’

For the first time in four months, suspended NBC News anchor Brian Williams is meeting with groups of colleagues and apologizing for misstatements that embarrassed the news division and gave the veteran news man – and the NBC brand – a black eye. It’s already being dubbed an “apology tour.” Williams spent time with staffers of his former program, the ...

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How 5 Gulf Coast states will divide BP oil spill settlement

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

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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AARON EDWARDS — Business sales strategy 101: The basics

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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