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Tag Archives: expenses

Bank sees modest rise in earnings after retirement buy-out

TUPELO — Regional bank BancorpSouth Corp. says profit in 2013’s second quarter rose less than 1 percent from the same three months of 2012, as an early-retirement buyout drove up costs. BancorpSouth posted quarterly profit of $20.8 million, or 22 cents per share Tuesday. That’s up from $20.6 million or 22 cents per share in 2012’s second quarter. Without a ...

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Utility's earnings up, but expansion and hiring delayed

ATLANTA — Southern Company reported fourth quarter 2012 earnings of $383 million, or 44 cents a share, compared with earnings of $261 million, or 30 cents a share, in the fourth quarter of 2011. Southern Company, the parent company of Mississippi Power Co., also reported full-year 2012 earnings of $2.35 billion, or $2.70 a share, compared with earnings for 2011 ...

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MDOT looking to cut costs by trimming 2,300-vehicle fleet

JACKSON — The Mississippi Department of Transportation is working to reduce its fleet of vehicles by 10 percent over the next five years, according to transportation commissioner Mike Tagert. Tagert, who represents the northern district, says MDOT has a fleet of 2,300 vehicles. He says any reduction would not affect 300 emergency vehicles. The Daily Times Leader reports Tagert said ...

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TVA to cut positions due to slumping sales, looming expenses

NORTH MISSISSIPPI — The Tennessee Valley Authority will seek to cut less than 1,000 positions as it faces a drop in electricity sales driven by an unusually warm winter and looming expenses, including an over-budget effort to finish building a nuclear reactor in Tennessee. TVA officials reported that the electricity supplier brought in roughly $5.2 billion in revenue during the ...

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Newspaper reports Davis double-billed for entertainment, travel

SOUTHAVEN — A $700 restaurant tab was among 26 entertainment and travel bills that Southaven Mayor Greg Davis asked both the city and the local Chamber of Commerce to pay during three months in 2010, The Commercial Appeal of Memphis reported yesterday. Davis told the newspaper that not having to send either the city or the chamber bills or other ...

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Audit report questions Davis' reimbursements from chamber of commerce

SOUTHAVEN — Newly released audit reports call into question large entertainment reimbursements the Southaven Chamber of Commerce paid Mayor Greg Davis without receipts or other documentation. The reports released yesterday by the chamber to The Commercial Appeal include a statement by auditors saying they “were unable to examine sufficient documentation” involving $75,800 in expenses incurred in 2008 and 2009. Overall, ...

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Davis attends first board meeting since investigation began

SOUTHAVEN — Southaven Mayor Greg Davis has attended his first board of aldermen meeting since he became a target of an investigation into his alleged misuse of city money. A number of people who spoke urged the embattled mayor to step down, but that’s something the city’s board of aldermen already failed to get him to do. Davis referred many ...

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Chamber says it reimbursed Davis for expenses

SOUTHAVEN — Officials with the Southaven Chamber of Commerce say it reimbursed Mayor Greg Davis for expenses through his account with the organization. The Commercial Appeals reports how much Davis has been reimbursed over the years is unknown. The newspaper says it has filed a records request with the chamber. Chamber officials say no questions have been raised about the ...

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Aldermen review mayor's expenses; majority not city-related business

SOUTHAVEN — The Southaven Board of Aldermen said the vast majority of the $44,000 worth of receipts that they have been reviewing from Mayor Greg Davis’ expenses were not city-related business. During yesterday’s board meeting, The Commercial Appeal reports aldermen said they personally took the results of their review of the receipts to Mississippi Auditor Stacey Pickering’s office last week ...

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