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Tag Archives: Mississippi

BILL CRAWFORD: A Peek behind Legislative leaders’ spending rhetoric

Lt. Gov. Tate Reeves and House Speaker Philip Gunn are touting their great success this year in holding down the cost of government.    “We Republicans have campaigned for many, many years that we are for living within our means, we are for controlling spending, we are for reducing the size of government,” Gunn told reporters according to the Associated ...

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Mississippi jobless rate falls to lowest level since 1976

Mississippi unemployment fell to 5 percent in March, tying the lowest level since the current survey began in 1976. That’s down from 5.2 percent in February and 6 percent a year ago. It’s the 10th month Mississippi has dipped to 5 percent, including six months in 1999 and three in 2000. Some earlier surveys show Mississippi had lower jobless rates ...

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Camp Shelby at 100 still packs a wallop for defense and the economy

By BECKY GILLETTE Each year more than twice the number of members of the military train at Camp Shelby than there are residents of Hattiesburg, population 47,566. About 125,000 people train annually there, with about 60 percent coming from the National Guard, and the remainder from the active military services including the Army, Navy, Marines and Coast Guard. That pumps ...

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Spreading fake news can result in fraud charges, SEC says

By BECKY GILLETTE On April 10 the Securities Exchange Commission  issued warnings for investors to be aware of fake news designed to drive up a company’s stock price. “When you read an article on an investment research website, be aware that the article may not be objective and independent,” the SEC said in an alert to investors. “For example, the ...

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State bankers say Trump effect is positive

By CALLIE DANIELS BRYANT Some Mississippi bankers are confident the Trump administration will have a much-needed impact on public banks.  Several have already witnessed a rise in stocks since election day. “The effect (of the new presidential administration) has been extremely positive,” said Hoppy Cole, president and CEO of The First, a national banking association. “We are a publicly-traded company, ...

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Oxford-based company starts graphene association

By JACK WEATHERLY Graphene is the strongest and thinnest material in the world, and an Oxford-based company, New Media Lab LLC, aims to promote its commercial applications by forming the National Graphene Association (NGA). Graphene will eventually find its way into almost every field and will affect many facets of human life, including energy storage, electronics, smart textiles, sensors, medical ...

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TODD SMITH — Tesla stock races past GM, Ford as most valuable

Tesla Inc. – the sleek, high-end electric carp company – has surpassed General Motors Co. to become America’s most valuable car brand, eclipsing a company whose well being was once viewed as interdependent with the nation’s. A week after topping Ford Motor Co., Tesla climbed 3.3 percent last week, lifting its market capitalization to $50.9 billion. Tesla ended last Monday ...

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US stocks meander as energy companies sink, industrials rise

U.S. stocks are little changed Friday morning after a big gain the day before. Energy companies are falling after one of the largest companies in the industry, Schlumberger, announced lower revenue than investors hoped. Toy maker Mattel is nosediving after it reported a big drop in sales. KEEPING SCORE: The Standard & Poor’s 500 index lost 1 point to 2,354 ...

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Jason Bailey named MBJ’s Under 40 Person of the Year

Jason Bailey, owner  and CEO of Summit Management Services, was named Mississippi’s Under 40 Person of the Year for 2017 Thursday by the Mississippi Business Journal at an event at the Old Capitol Inn in Downtown Jackson. Bailey has been owner and CEO of Summit Mangement Services, a property management service in Oxford, since 2009. He is responsible for day-to-day ...

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New Process Steel growing in Columbus, creating 50 jobs

New Process Steel is expanding its footprint in Columbus, investing $7.5 million and creating 50 jobs. New Process is a one-of-a-kind metals solutions business focused on value-add, lean transformation, supply chain excellence, capital efficiency and environmental stewardship. New Process will construct a new rail spur and access road and expand its existing facility in Columbus. “I would like to thank ...

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