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Tag Archives: Bloomberg

New York Times comments on recent Mississippi legislation and 'Nanny State' of America

Here is part of an op-ed in today’s New York TImes that mentions recent legislation passed in Mississippi … Americans, even those who generally support government intervention in our daily lives, have a reflexive response to being told what to do, and it’s not a positive one. It’s this common desire to be left alone that prompted the Mississippi Legislature ...

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Best Buy to price match all local retailers, most online sellers

You know the routine: Go to Best Buy and check out the electronic device, try it out, return it to the shelf and thank the salesperson for her time. By that night, you’re clicking on Amazon.com and buying the exact same product, confident it’s exactly what you want, thanks to Best Buy. Best Buy — which has stores in Jackson, ...

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Regions' earnings beat estimates as net interest margin widens

Regions Financial (RF) reported fourth-quarter earnings that beat analysts’ estimates as its net interest margin, a gauge of lending profitability, widened, Bloomberg reports. Net income was $265 million, or 18 cents a share, compared with a loss of $548 million, or 48 cents, a year earlier, when the lender posted a non-cash charge tied to the sale of the Morgan ...

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BREAKING NEWS: Brent Christensen named new head of the Mississippi Development Authority

JACKSON — Brent Christensen has been named the new head of the Mississippi Development Authority. Gov. Phil Bryant made the announcement during a press conference at the Marriot Hotel in downtown Jackson. Christensen, who has been the CEO of the Gainesville (Fla.) Area Chamber of Commerce the last 10 years, replaces interim director Jim Barksdale, the former Netscape CEO, who has ...

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(UPDATED) PSC requests proposals for Kemper County coal plant

>> SEE UPDATE AS OF THURSDAY MORNING …. JACKSON — State utility regulators have asked Mississippi Power Co. and the Sierra Club to submit proposals on how to proceed with the Kemper County coal-fired power plant. The Mississippi Supreme Court ruled on March 15 that the Public Service Commission failed to lay out its reasoning clearly when it changed the ...

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Justices: Kemper County coal plant case is not about coal

>> KEMPER COUNTY CLEAN COAL PLANT HEARD BEFORE STATE SUPREME COURT JACKSON — Three Mississippi Supreme Court justices say that so far, they can’t find the evidence that state regulators used to justify their decision to allow Mississippi Power Company to build a $2.4 billion clean coal plant under construction in Kemper County. If the high court rules that the ...

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MBJ EDITORIAL: Rate increase of 11.35 percent just the beginning in regard to Kemper

It was only a matter of time before Mississippi Power Company started raising the rates on its customers to pay for the $2.88 billion Kemper County coal plant. So, last week MPC filed documents with state regulators — the Public Service Commission — for a requested rate increase of 11.35 percent. The Commission has the ability to deny MPC’s request. ...

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Supreme court will hear Kemper Coal Plant arguments

The Mississippi Supreme Court will hear arguments from the Sierra Club challenging the state Public Service Commission’s approval of the project in Kemper County by Mississippi Power Co. Mississippi Power has started construction of the $2.4 billion coal plant. Oral arguments are scheduled for Dec. 14. The suit was filed and heard in Harrison County Chancery Court. Judge Jim Persons ...

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