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U.S. GDP growth revised upward to 3.7 percent in second quarter

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The Associated Press The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds. The economy as measured by gross domestic product expanded at an annual rate of 3.7 percent in the April-June quarter, the Commerce Department ...

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JACK WEATHERLY: Healing on the coast — A sunny mortality

The cottage that was formerly the home of folk artist Alice Moseley is typical of the Victorian houses that dominate the city's Old Town.

BAY ST. LOUIS – We sit on the porch of our rental cottage two blocks from the Gulf. Palmettos embrace the screened enclosure with their large fronds resembling the human hand. Hence their name. It’s hard not to think we’re in paradise. Or should I say paradise regained? The lane is always quiet, but more so in the morning, disturbed only ...

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Key figure in expanded prison probe netted big dollars from payday lending groups

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By TED CARTER Madison businessman Irb Benjamin, indicted last week in connection with paying bribes in exchange for prison contracts, made $198,000 in recent years lobbying for Mississippi’s check cashing & payday loan industry. Benjamin pleaded not guilty Aug. 21 to federal bribery and kickback charges that could land him in prison for 20 years and a $250,000 fine for each ...

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Neilson’s ready to kick off next era as it marks 175 years

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By JACK WEATHERLY  Neilson’s Department Store in Oxford was founded nine years before Ole Miss and 30 years before collegiate football – and, the retailer claims, before any other department store in the South. It has been in operation since 1839, save for a few years during the Civil War after U.S. Grant burned it and the rest of the ...

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COMMERCIAL FINANCE 701 — Enhancing a title policy with endorsements

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Although often overlooked, title policy endorsements are an integral part of a commercial real estate title insurance policy.  These optional add-ons greatly enhance the coverage and protection provided to an insured owner or lender. My law partners Molly Jeffcoat Moody and Ben Williams, the usual authors of this column, discussed in a prior column the differences in title certificates, title ...

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Settlement reached in lawsuit over decade-old Gulf oil leak

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NEW ORLEANS — Environmental groups and a New Orleans company that failed to end a decade-old oil leak in the Gulf of Mexico have reached a settlement agreement in a lawsuit over the slow-motion spill. Taylor Energy Company said Thursday it has agreed under the settlement to spend $400,000 to foster coastal research and will host a public forum and ...

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Sanderson Farms fiscal performance takes hit from wobbly market

Sanderson-Farms

By JACK WEATHERLY The outbreak of avian flu and other factors cut deeply into Sanderson Farms’ profits in the third fiscal quarter, the Laurel-based poultry producer and processor  said in a release on Tuesday. Net sales were $740 million for the fiscal third quarter, down from $768 million a year earlier. Net income fell  to $50.9 million, or $2.27 a ...

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Is commercial real estate really back? A Q&A

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The National Association of Realtors  recently reported that sales of commercial properties rose 9 percent on a year-over-year basis, with the average estimated transaction hitting the $2 million mark, and residential sales in July 2015 remained at the highest pace since February 2007. Home sales have now increased year-over-year for 10 consecutive months and are 10.3 percent above a year ...

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