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Author Archives: MBJ Staff

Trustmark earnings miss consensus

 Trustmark Corp. reported on Tuesday net income of $33.9 million in the fourth quarter of 2019, representing earnings per share of 53 cents.   Adjusted for nonrecurring items, Trustmark, Jackson-based holding company for Trustmark National Bank, came out with quarterly earnings of 56 cents per share, missing the Zacks Consensus Estimate of 57 cents. This compares to earnings of 55 ...

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Foam maker to spend $4.1 million, add 90 jobs

Polyurethane foam manufacturer Innocor is increasing production at its two facilities in Baldwyn. The expansion marks a $4.1 million corporate investment and will create 90 jobs. The expansion will include doubling Innocor’s manufacturing capacity on one of its manufacturing lines. The company also will move another manufacturing line into what was previously used as a distribution center. The addition of ...

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REPORT: Metrocenter mall sold for $10 million

Multiple  media outlets have reported that Jackson’s Metrocenter mall has a new owner. Scott Overby of Overby Inc. told WLBT the mall was purchased by Emily Seiferth-Sanders. The mall was sold for $10 million and ownership transferred on Dec. 31. Sanders posted an 8-minute video of her walking through the mall on Facebook, Friday morning. She says that she has ...

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Former McDade’s stores sold again

For the second time in about 18 months groceries that had begun as McDade’s have been sold again. In July 2018, the Louisiana-based Durnin Group bought the four McDade’s groceries in Jackson and the McDade’s Wine and Spirits in Maywood Mart. The groceries on Duling Avenue and in Maywood Mart had retained their original names in the first sale, while ...

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Frozen-food maker to invest $27.3 million, add 15 jobs

Ajinomoto Foods North America, Inc., a leading manufacturer in the frozen food industry, is increasing capacity in Oakland. The project is a $27.3 million corporate investment that will add 15 jobs to the work force, raising the total number of employees to 450. “For 13 years, Ajinomoto Foods has been growing its Oakland operations, providing gainful employment for hundreds of Mississippians ...

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OSHA cites Mississippi construction contractor for exposing employees to cave-in hazards

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Advanced Construction & Development LLC – based in Biloxi, Mississippi – for exposing employees to excavation hazards at a D’Iberville, Mississippi, worksite. The contractor faces $79,559 in penalties. OSHA initiated the inspection after a compliance officer observed employees installing a storm drainpipe in an excavation without cave-in ...

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Mississippi ag chief hails China pact

Mississippi Commissioner of Agriculture and Commerce Andy Gipson applauded President Donald Trump for signing Phase One of the Economic and Trade Agreement with China on Wednesday. “I applaud President Trump’s persistence in negotiating new trade deals that will benefit American industries, especially agriculture,” Gipson said in a release. “Agriculture is Mississippi’s [No. 1] industry, and it has been greatly affected by trade disputes with China.  Our ...

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Toshiba opening $14 million distribution center, creating 40 jobs in DeSoto County

Toshiba America Business Solutions is opening distribution operations in Horn Lake. The $14 million project will create 40 jobs. Toshiba American is a subsidiary of technology solutions company Toshiba Tec Corp. The company provides multifunction printers, including its award-winning e-Studio printer, managed document services and digital signage for businesses of all sizes throughout the United States, Mexico and Central and ...

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Sanderson championship donates record $1.3 million to Children’s Hospital

The Sanderson Farms PGA Championship presented a $1.3 million donation to Friends of Children’s Hospital  the fundraising arm of Batson Children’s Hospital, part of Children’s of Mississippi. Funds raised from the 2019 tournament will go toward the $100 million Children’s of Mississippi capital campaign, and the construction of a new seven-story, 340,000-square-foot pediatric tower that will be home to 88 ...

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