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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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Drop in casino revenue means tax hike likely by levee board

CLARKSDALE — The Yazoo Mississippi Delta Levee Board has scheduled a public meeting July 9 on a proposed tax increase. Since 1996, levee board has not raised taxes. The Clarkdale Press Register reports that’s likely to change. The levee board — which is tasked with maintaining the levee system in 12 counties — got its revenue from casino rentals. The ...

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Jackson County voters to consider 2 percent tourism tax

PASCAGOULA — Jackson County voters will decide Tuesday whether to levy a 2 percent tax on hotel stays to pay the local share to support the work of the Mississippi Gulf Coast Regional Convention and Visitors Bureau. The tri-county tourism group — encompassing Harrison, Hancock and Jackson counties — was created to promote the whole Gulf Coast. The Sun Herald ...

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Report: Mississippi’s economy was in recession in 2013 and 2014

Associated Press  Tepid growth in jobs, income and certain taxes had suggested Mississippi’s economy wasn’t growing very fast in recent years. But new figures released Wednesday by the federal Bureau of Economic Analysis show the state’s economy was actually in recession in 2013 and 2014. The numbers show Mississippi’s economy shrank by 1.2 percent in 2014, the only state besides ...

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PayPal latest company targeted for CFPB penalties

By TED CARTER Paypal Inc. is facing a $10 million fine and restitutions of $15 million for signing up users for a Paypal credit card without their knowledge, the U.S. Consumer Financial Protection Bureau says. The global Internet payments and money transfer company is the latest entity in the last couple of weeks to draw the wrath of the CFPB, a ...

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Initial public offerings scheduled to debut next week

NEW YORK — The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings. Week of May 18: Baozun Inc. – Shanghai, China, 11 million American depositary shares, each representing 3 class A ordinary shares, priced $12 to $14, managed by Morgan Stanley, Credit Suisse, and BofA Merrill Lynch. ...

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Report: State economy still edging in right direction

  By JACK WEATHERLY  The short view is Mississippi’s economy is edging in the right direction. The longer view is that it is better than it was a year earlier. Those are two findings in a monthly report from the University Research Center, a branch of the Mississippi Institutions of Higher Learning. The Mississippi Leading Index ticked upward by 0.1 ...

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UPDATED: Verizon, Sprint pay big in ‘cramming’ settlements

Inserting unauthorized third party charges into customer bills has cost wireless carriers Verizon and Sprint a combined $120 million in reimbursements to customers and federal and state fines of $38 million. Mississippi received $358,269 for its participation in the Sprint and Verizon settlements. The national mobile cramming settlements with Verizon and Sprint and last fall with AT&T and T-Mobile have ...

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