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Tag Archives: Business

Madison County appeals order to pay back $3 million on bonds

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Madison County is appealing a federal judge’s order to pay $3 million in bond payments related to a failed development project. U.S. District Judge Carlton Reeves says the county must reimburse a bond insurer after a group of landowners and developers in the county defaulted on its bond payments. The Parkway East Public Improvement district failed after taking out more ...

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Mississippi taxes lag $85M in April amid Revenue Dept. cuts

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Mississippi tax collections fell more than $85 million short of expectations in April. Officials say that’s partly because a Department of Revenue staffing shortage slowed the process of depositing checks. Department spokeswoman Kathy Waterbury said this week that 35 temporary mail room workers had been laid off because of budget cuts. That happened just as the department received thousands of ...

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Tupelo buys lots to encourage new housing in historic area

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Tupelo’s city government will spend nearly $70,000 to buy five lots, hoping to spark new life in its historic Mill Village neighborhood. The Northeast Mississippi Daily Journal (http://bit.ly/21zXz5R) reports the Tupelo City Council unanimously approved the purchase Tuesday. The city plans to clear the lots and resell them to a private developer, hoping to attract as many as 15 new ...

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Stocks give up an early gain on Wall Street and head lower

A board above the trading floor of the New York Stock Exchange.

Stocks are edging lower in early afternoon trading on Wall Street Thursday, giving up an early gain and putting the market on track for its third loss in a row. Utilities and consumer stocks fell the most. Energy companies continued to buck the downward trend and notched small gains as the price of crude oil edged higher. Investors are looking ...

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Egburt 2.0 takes Internet of Things to next level for Camgian

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By JACK WEATHERLY  Egburt 2.0 is out. Camgian Microsystems’ star participant in the “Internet of Things,” the fourth generation of the Internet, has been improved and will soon be running smart infrastructure for the U.S. Army Corps of Engineers on the Ohio River, said Gary Butler, chairman and chief executive officer. Egburt was introduced in October 2014 and has been ...

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Camgian’s Prowl on the move with expansion

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By JACK WEATHERLY Prowl is on the move for Starkville-based technology firm Camgian Microsystems. Considered by analysts as one of the top technology companies in the nation, it is opening sales and marketing offices in Tampa, Fla., and San Diego to increase the market for the Prowl radar system, said Chief Executive Gary Butler. The product is a “very small, ...

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L.A. Grammy director: I’m totally committed to Cleveland museum

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By JACK WEATHERLY  Bob Santelli wants to make it perfectly clear: He loves Mississippi and he is totally committed to the Grammy Museum of Mississippi. In fact, Santelli, executive director of the Grammy Museum in Los Angeles, was in Jackson on Monday  when he was interviewed by phone. “I’m heading up for a meeting” in Cleveland, Santelli said. Santelli had ...

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Private investigator: it’s about facts, not fiction

Lewis Watt

By JACK WEATHERLY  “You’re unable to live vicariously through my life,” Lewis Watt, private investigator, said with a laugh. The romance of the profession long popularized in movies and novels is basically fiction, Watt said. It’s a business, and things are are on the upswing for Ridgeland-based LAW Investigative Group LLC, of which Watt is president. “It’s picking up. It ...

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Transportation chairman urges local leaders to exert more push on funding for roads and bridges

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By TED CARTER Local elected officials must do a better job persuading their legislators to back new road and bridge maintenance funding, Senate Transportation Chairman Willie Simmons says in assessing prospects for getting a transportation bill through the 2017 Legislature. But whether they are willing to do so is unclear, especially after disappointment in the proposed local share of new transportation ...

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Gunn wants another evaluation of MDOT spending

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  By TED CARTER Lawmakers are set to take yet another look at the effectiveness of Mississippi Department of Transportation’s spending, House Transportation Chairman Charles Busby says. Busby does not think another evaluation is needed just two years after a report from the Joint Legislative Committee on Performance Evaluation and Expenditure Review, or PEER, gave MDOT passing grades on its spending ...

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