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Author Archives: Jack Weatherly

Cotton House hotel opens in Cleveland

By JACK WEATHERLY The Cotton House will hum and speak the language of the South on this, the first, weekend for the luxury hotel in downtown Cleveland. The Mississippi Writers Guild will hold a conference at the Grammy Museum Mississippi, one of several groups that will draw people to Cleveland with its 95-guestroom hotel. That will give the hotel a ...

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Cal-Maine records net loss of $19.8 million for quarter

By Jack Weatherly Cal-Maine Foods Inc. reported a net loss of $19.8 million, or 41 cents per share, for the fourth quarter of fiscal 2019 ending June 1, compared with a net income of $71.8 million, or $1.48 per share, for the year-ago period. According to Bloomberg news, the U.S. egg industry has an oversupply issue, and prices are so ...

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DMR: The fish are ok to eat but the beaches remain closed

By JACK WEATHERLY It’s okay to eat seafood from the Mississippi Sound. That statement to the Mississippi Business Journal by the Mississippi Department of Marine Resources (DMR) is the first good news that the coastal counties have had this summer. Another agency, the state Department of Environmental Quality (DEQ), closed all 21 beaches, starting with some in late June to ...

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Callaway’s closing out County Line Road center

By JACK WEATHERLY Callaway’s Yard and Garden Center is marking its 40th anniversary this year at the intersection of Pear Orchard Road and County Line Road. It is also leaving that location by the end of the year, said owner Brint Callaway. Callaway’s opened in Gluckstadt three years ago the latest incarnation of the third-generation business that dates to 1954 ...

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Sophomore Spanish promises upper class cuisine

By JACK WEATHERLY The latest restaurant in the District at Eastover has a name that is a bit taco in cheek, you might say. It’s called the Sophomore Spanish Club. It will open next month and take the place of the Cantina Laredo, an upscale restaurant that closed Feb. 25. The eatery will have a self-effacing name, but owner Ray-Scott ...

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UPDATE: Sun-n-Sand still to be razed but sign will be saved

By Jack Weatherly Two historic downtown landmarks have been purchased by the state Department of Finance and Administration for about $2.3 million. The Sun-n-Sand motor hotel on Lamar Street earned a colorful history as a gathering place for legislators to hash out bills outside the glare of public scrutiny. The other property is the former Wright & Ferguson Funeral Home ...

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Fred’s closing 49 more stores, 18 in Mississippi

By JACK WEATHERLY jack.weatherly@msbusiness.com With its history dating to 1947 in Coldwater, Miss., Fred’s Inc. is closing 49 more stores as it tightens up its balance sheet bleeding red ink. Eighteen of the stores are in Mississippi. That means that since April, the chain has announced the closing of more than half of its stores, 260, leaving 240. The announcement ...

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REPORTER’S NOTEBOOK — A high-stakes game to save a paper

What do you do if the newspaper you own is losing money? Cut costs? Sure. Limit scope of coverage. And if that doesn’t work, sell everything and enjoy the money? How about spending more? A lot more. Well, um . . . . that is what Walter Hussman is doing with the Arkansas Democrat-Gazette. He is investing $12 million in ...

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Cotton House names GM, is taking reservations

By JACK WEATHERLY jack.weatherly@msbusiness.com The Cotton House hotel has hired James McAfee as its first general manager for the upscale lodge to open soon in downtown Cleveland. McAfee comes to Mississippi from Mongomery, Ala., where he was director of services at the 345-guestroom Renaissance Hotel and Spa, a Marriott property. “After working in Montgomery . . . at the Renaissance ...

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District at Eastover loft apartments bought by investment firm

By JACK WEATHERLY jack.weatherly@msbusiness.com About a year after the District Lofts apartments were completed, the 261-unit complex in Jackson’s District at Eastover was sold. The buyer, Passco Cos. LLC of Irvine, Calif., a private real estate investment firm, secured a $30.6 million loan from KeyBank, according to multifamilynews.com. But that is not the purchase price, said Breck Hines, a co-developer ...

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