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Tag Archives: NEWS

US stocks open higher as oil rebounds, banks rise


U.S. stocks opened higher, seeking their first gain this week, as beaten-down energy and financial companies rebounded. Banks rose Friday after Deutsche Bank offered to buy more than $5 billion in bonds. Its shares were up 9 percent. JP Morgan Chase was up 5 percent. Oil jumped 6 percent, helping to lift energy company shares. Drilling company Transocean was up ...

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Mississippi Senate advances bill for elected superintendents


JACKSON — Mississippi lawmakers are moving forward with a plan to eliminate the election of school superintendents — an issue that has been debated for many years. The Senate on Thursday passed a bill that would let 55 elected superintendents serve the four years of their current term. After that, the local school boards would hire each district’s top administrator. The ...

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State’s economic growth to show 1 percent rise for 2015


By TED CARTER Not far removed from negative growth in 2013 and zero growth in 2014, Mississippi’s economy grew by an estimated 1 percent in 2015, economists with the Mississippi Research Center report. Even that slight amount of growth surprised state economists who looked at third quarter growth and projected a rise of only a half percentage point, according to the ...

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Mississippi’s Abney elected as Chairman of the Board at UPS

David Abney

UPS has elected Mississippi native David P. Abney, UPS Chief Executive Officer, as Chairman of the Board, effective immediately. Abney succeeds Scott Davis as Chairman, who will retire from his position on the UPS Board effective as of the 2016 Annual Meeting of Shareowners. Additionally, the Board of Directors created a new Lead Independent Director position, and today the independent directors ...

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New homes in Fondren ahead for BancorpSouth, Wier Boerner Allin architects

BancorpSouth’s new Fondren building will allow the bank to expand its business lines.

By TED CARTER BancorpSouth has begun a long-planned expansion of its Fondren office at 2710 N. State St., joining a host of other nearby property owners who are either renovating buildings or constructing new ones. Over last weekend, work crews moved the banking operation into the former Sun Gallery building to the north to make way for demolition of the current ...

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Baker Donelson relocation creates option for placing UMMC clinics

The Baker Donelson building in Northeast Jackson’s Meadowbrook Office Park may become the new home for some of the University of Mississippi Medical Center’s physician clinics.

By TED CARTER A pair of soon-to-be-vacant Baker Donelson buildings in Meadowbrook Office Park tops the list of candidates to become the new home for components of the University of Mississippi Medical Center’s Integrated Physician Practice division. Medical center executives have been searching the past couple of years  for new quarters for several services provided by the approximately 1,000 medical-care providers ...

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New owner reveals strategy to upgrade Vicksburg’s only movie house

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By JACK WEATHERLY Vicksburg reminds Brock Bagby of another river city – Hannibal, Mo. Bagby is director of programming and business development for Kansas City-based B&B Theatres. The sense of history pervades both towns, said Bagby. “It felt similar to us and has similar demographics,” he said of Vicksburg. B&B built a theater near the banks of the Mississippi at ...

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Vicksburg Mall sheds old name and image problem


By JACK WEATHERLY Some still call Vicksburg Mall by its old name, Pemberton Square. But soon after RockStep Capital of Houston bought it in October 2010 from CBL Associates Properties of Chattanooga, good things started to happen. In the years before the new ownership, the mall built in 1985 had its share of problems, as any will. Though some more ...

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AAA’s Four Diamond Award keeps hotels, their guests happy

Penthouse at the IP

By LISA MONTI Earning the AAA Four Diamond Award is a high honor for hotels and restaurants. Winning the award year after year takes hard work and vigilance to maintain the standards the leisure travel organization uses to rate and recognize the properties. Only 3.9 percent of the more than 58,000 hotels and restaurants inspected by AAA win the honor. ...

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Central Mississippi real estate market feeling momentum

house for sale_feature_rgb

By LISA MONTI  Last year, the central Mississippi real estate market had some highs and lows, but Realtors in the 10-county area believe 2015’s momentum could translate to good things in 2016. One high point in December’s market report from the Central Mississippi Realtors members showed that new listings increased 12.5 percent to 433 from the previous December. “Usually December ...

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