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Tag Archives: Florida

Firm to partially reimburse customers for investment losses

The Mississippi secretary of state says investment firm Morgan Stanley will return up to $4.2 million to partially reimburse customers who had “inordinate losses” because a portfolio manager allegedly used high-risk investments for people who hadn’t agreed to them. Secretary of State Delbert Hosemann says the firm agreed to resolve an investigation by the securities division of his office. In ...

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Cal-Maine plans to buy Florida-based egg producer

MBJ Staff Jackson-based Cal-Maine Foods, Inc. announced it has signed a letter of intent to acquire substantially all of the assets of Foodonics International Inc. and its related entities doing business as Dixie Egg Co. The assets to be acquired include commercial egg production and processing facilities with capacity for approximately 1.6 million laying hens and related feed production, milling ...

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Mississippi in multi-state probe of VW’s bogus emissions tests

By TED CARTER Mississippi has joined more than two dozen other states in investigating whether German car manufacturer Volkswagen used deceptive trade practices to convince consumers that their cars were environmentally friendly, when they weren’t. Attorney General Jim Hood’s office declined to say whether Mississippi joined the multi-state investigation. The office said only that “the nature of this investigation has been ...

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On-demand-retail adding new niche for EastGroup

By TED CARTER A warehouse distribution model Jackson’s EastGroup Properties conceived nearly 20 years ago has found itself well situated to benefit from today’s “must-have-it-now” retail demand. “People want stuff and they want it quick,” said Leland Speed, the soon-to-retire founder and chairman of the real estate investment trust, or REIT. He opened the doors of the public held company in ...

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ALAN TURNER — Kemper: A bird’s eye view

On June 19, I accepted an invitation from Mississippi Power to visit their Kemper facility, and get an “up close and personal” view of the plant and how it works. Notwithstanding all of the controversy the construction of Kemper has caused in recent years, the actual working of the plant is deceptively simple. Basically, lignite coal is mined a few ...

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Search for Coast Coliseum director down to 4

BILOXI — Four candidates remain for the jobs of executive director of the Mississippi Coast Coliseum and Convention Center. The Coliseum Commission on Thursday whittled the applications down from 18 to four. The new director will replace Bill Holmes, who is retiring in August. The names of the four candidates have not been released. Commission member Mark Mavar told The ...

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Florida marketer fined $85,000 by PSC

MBJ staff The Mississippi Public Service Commission has imposed civil penalties totaling $85,000 against L & J Bay Area Holding of Temple Terrace, Fla. and Edward L. Dement for alleged violations of the state’s No-Call law. The defendants were alleged to have violated the law on at least 17 occasions. In complaints received by the commission, the company was accused of making ...

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BILL CRAWFORD: Legislature not at fault for bad reading scores

In schools districts that fared poorly on the 3rd grade reading tests, many school officials and parents blame lack of funding by the legislature.   For example, Superintendent Powell Rucker attributed Holmes County’s 59 percent passing rate to student poverty, lack of funding, and rapid teacher turnover. “It is not a test that even needed to be administered, because the state ...

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BOOK BIZ — This story of orchids and Florida captivates

Susan Orlean’s The Orchid Thief is, quite simply, a wonder. You’ll find yourself fascinated (perhaps unexpectedly) by all the twists and turns and divergent paths Orlean takes you on. Inspired by a small newspaper article she read about the arrest of four men (three Seminoles, one white) for the theft of rare orchids from a protected Florida swamp, in Orlean’s ...

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Mississippi geography offers engineering challenges

By LISA MONTI If you look at the geography of Mississippi with an engineer’s eye, you can see some of the challenges those professionals face in their practices. “Mississippi is an interesting state for structural design,” said Jason McQueen, president of the Structural Engineers Association of Mississippi. “On the Coast there are design requirements for hurricanes and floods. In the central ...

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