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Tag Archives: interest

State's personal income growth lags rest of nation

ACROSS MISSISSIPPI — Personal income growth in Mississippi accelerated in the second three months of 2014, but growth still trailed the nation. The measure expanded 1.4 percent on an annual basis, the federal Bureau of Economic Analysis said yesterday, ranking Mississippi 40th among states from April to June. That rose from 0.3 percent in the first quarter. Personal income nationwide ...

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Citizens reports increase in net profit for quarter, year

PHILADELPHIA — Citizens Holding Company (NASDAQ: CIZN) has released its results of operations for the three and 12 months ended Dec. 31, 2013. Net income for the three months was $2.122 million, or $0.44 per share-basic and diluted, up from $1.740 million, or $0.34 per share-basic and $0.33 per share-diluted for the same quarter in 2012. Net interest income for ...

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Entergy repaying school $1.2M-plus for years of overbilling

HERNANDO — Entergy Mississippi is reimbursing Hernando High School $1,230,313.55 for over a decade of high electricity bills, according to Public Service Commissioner Brandon Presley. From September 2001 to July 2012, Entergy over billed the school for electricity usage for an amount just under a million dollars, a press release from Presley’s office states. At Presley’s insistence, Entergy agreed to ...

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Firm that owes state millions files for bankruptcy

MERIDIAN — A Texas company that Mississippi officials say owes the state $3.5 million has filed for bankruptcy, complicating collection efforts. Handy Hardware, a hardware wholesale cooperative, announced in November it was closing its two-year-old Meridian warehouse. By then, the Houston company had missed an October interest payment to Capital One Financial Corp. and defaulted on $26 million in debt. ...

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Renasant sees profits soar during fourth quarter

TUPELO — Regional bank Renasant Corp. said profit in 2012’s fourth quarter rose 26 percent from the same three months of 2011, as the bank set aside less to cover bad loans and paid savers less interest. Renasant said it made a quarterly profit of $7.28 million, or 29 cents per share, up from $5.79 million, or 23 cents per ...

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Callon Petroleum sells interest in oil field

NATCHEZ — Callon Petroleum Co. says it will sell its share of an oil field to Royal Dutch Shell, PLC for $42 million. The Mississippi company will sell its 11.25 percent interest in the Habanero field to Shell Offshore, planning to close the deal before year end. The field, in 2,000 feet of water about 200 miles southeast of New ...

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State looking for nearly $395M in back taxes, interest, penalties

ACROSS MISSISSIPPI — The Department of Revenue has dunned 154,300 taxpayers for a total of nearly $395 million in back taxes, interest and penalties, The Northeast Mississippi Daily Journal reported. The department has collected $1.2 million mailed by 4,000 taxpayers, department spokeswoman Kathy Waterbury said last week. She didn’t know how many paid online, or how much they paid. The ...

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State will not have to repay interest earned on Katrina fund

JACKSON — Attorney General Jim Hood says Mississippi won’t have to repay about $987,000 in interest the state purportedly earned on Hurricane Katrina public assistance fund. Hood said yesterday in a news release that the Federal Emergency Management Agency ruled favorably on Mississippi’s appeal of an audit by the Inspector General. Hood said that on appeal, the Mississippi Emergency Management ...

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Legislation would drive up interest rates on some loans

JACKSON — Mississippi borrowers could soon pay more for some kinds of loans if lawmakers approve a bill to allow higher interest rates. House Bill 1396 would allow loan companies to charge 99 percent interest for loans up to $1,500. The current cap is 36 percent. It would also change amounts that could be charged for loans up to $4,000. ...

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City workers' move into Metrocenter snarled in dispute

JACKSON — After the Jackson City Council agreed in February to pay for the installation of wiring at the Metrocenter, around 300 city workers were expected to move into their new offices within 45 days. Now, 54 days later, The Clarion-Ledger reports not a single wire has been installed because of a dispute over whether the developer is owed interest ...

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