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Tag Archives: Business

Mississippi plans incentives for tire plant, shipyard

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Mississippi lawmakers will consider more than $275 million in incentives beginning Thursday for a tire plant and a shipyard that could cumulatively invest more than $1.5 billion and create 3,500 jobs. Gov. Phil Bryant called a special legislative session Wednesday, a day after a lawmaker told The Associated Press that such legislation was imminent. Senate Finance Committee Chairman Joey Fillingane, ...

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Energy sector leads another decline in stocks as oil falls

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NEW YORK — Falling oil prices continued to weigh on U.S. and global stock markets on Tuesday as investors remained deeply concerned about the global economy following this week’s disappointing Chinese and U.S. manufacturing data. Google’s parent company, Alphabet, overtook Apple as the world’s most valuable publicly traded company. KEEPING SCORE: The Dow Jones industrial average lost 284 points, or ...

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Mississippi’s Hancock Fabrics seeks bankruptcy protection

Hancock Frabrics

BALDWYN — Fabric and sewing supply retailer Hancock Fabrics is filing for Chapter 11 bankruptcy protection for the second time in nine years. The company, based in Baldwyn, Miss., made the filing Tuesday in U.S. Bankruptcy Court in Delaware. In its filing, Hancock estimates both its assets and its debts at between $100 million and $500 million. In its bankruptcy ...

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At Home moving into former Sam’s Club quarters on County Line in Jackson

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By JACK WEATHERLY At Home will fill a major hole in the retail lineup along County Line Road left when Sam’s Club vacated its 128,000-square-foot quarters in August. Plano, Texas-base At Home wasted no time in grabbing the property, having its permits in hand by November, according to spokeswoman Stacey Sullivan. Its arrival will precede the arrival of a 50,000-square-foot Burlington ...

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Jackson County no longer sponsoring Lake George project

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PASCAGOULA — The Lake George project has lost the support of Jackson County. In a split vote, The Sun Herald reports supervisors decided Monday to take Jackson County’s name off the official permit request for the project, which proposes damming a tributary to the free-flowing Pascagoula River to create two lakes for water reservoirs and recreation. It’s a George County ...

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Carmichael, GOP nominee twice for Mississippi governor, dies

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MERIDIAN — Gil Carmichael, a two-time Republican nominee for Mississippi governor in the 1970s and head of the Federal Railway Commission under President George H.W. Bush, has died. He was 88. Lauderdale County Coroner Clayton Cobler says Carmichael died of a heart attack Sunday at Anderson Regional Medical Center in Meridian. Services were pending Monday at Wright’s Funeral Home in ...

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Oil and gas companies lead an early decline in stocks

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NEW YORK — Stocks were solidly lower in early trading Monday, as the price of oil took another tumble amid renewed concerns about the Chinese and U.S. economies. KEEPING SCORE: The Dow Jones industrial average lost 96 points, or 0.6 percent, to 16,369 as of 10:13 a.m. Eastern. The Standard & Poor’s 500 index lost 11 points, or 0.6 percent, to ...

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Analysis: Bryant says he’d sign corporate franchise tax cut

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  More than a few observers walked away from Gov. Phil Bryant’s State of the State speech believing they’d heard the second-term Republican oppose plans for this year’s Legislature to cut the $242-million-a-year corporate franchise tax. The governor, though, says that’s not true — it’s more a matter of emphasis. Here are the key words late in the 27-minute speech, ...

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BILL CRAWFORD — Fuel tax issue will show Republicans can lead, or not

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The Governor, Lt. Governor and Legislators started new four-year terms this month. Most are returnees. Most are Republicans. The main difference between now and four years ago is that Republicans now hold “super” majorities in both the House and Senate. That means they can pass revenue, tax, and bond bills (along with general and appropriations bills) with Republican votes only.   ...

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US stocks jump as Microsoft leads a tech stock surge

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  NEW YORK — U.S. stocks are rising sharply on Friday, led by a big gain in technology companies after Microsoft posted a strong fourth quarter, as did Visa and MasterCard. Global stock indexes also rallied. Asian markets climbed after Japan’s central bank announced more aggressive moves to stimulate that country’s economy. KEEPING SCORE: The Dow Jones industrial average rose ...

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