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Author Archives: Megan Wright

Gasoline prices still rising

Gasoline prices on Monday continued their push toward $3 per gallon. The only question now is when. Prices have been jumping on the back of a strong oil market where the cost for a barrel has spiked 20 percent in the past month on the New York Mercantile Exchange. Skyrocketing gasoline prices couldn’t come at a worse time for motorists, ...

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Barnes & Noble introduces textbook rentals

NEW YORK (AP) — Bookseller Barnes & Noble Inc. is launching a textbook rental program for college students, making it the newest entrant in a growing field. The new program, available though campus bookstores or the stores’ Web sites began as a pilot program in three of its 636 campus bookstores in the fall. It has now been expanded to ...

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Delta city seeing successful businesses

GREENWOOD — What do a restaurant serving doughnuts and tamales, a luxury hotel and a spa and a farmers’ market have in common? Probably nothing, unless you are in Greenwood, where these businesses have found success. And those are just a few. Over the past decade a host of new restaurants and merchants have established themselves in Greenwood and have ...

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Road projects not bringing enough jobs

WASHINGTON (AP) — Ten months into President Barack Obama’s first economic stimulus plan, a surge in spending on roads and bridges has had no effect on local unemployment and only barely helped the beleaguered construction industry, an Associated Press analysis has found. Spend a lot or spend nothing at all, it didn’t matter, the AP analysis showed: Local unemployment rates ...

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Cost of TVA cleanup soars

KNOXVILLE, Tenn. (AP) — Cleaning up the Tennessee Valley Authority’s coal ash spill at Kingston is already delivering big paydays for some contractors and it’s a tab ratepayers should be watching. The nation’s largest public utility has open contracts that total $428.5 million. A review of the contracts by The Knoxville News Sentinel shows that 10 firms are under contract ...

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Idled auto plants present challenges

WIXOM, Michigan (AP) — Henry Ford’s great-grandson arrived at the shuttered auto plant to brag about a plan to revive the vast empty space: Investors would transform it into a modern factory to make solar panels and high-tech energy systems instead of Town Cars and Thunderbirds. “I can’t imagine a better way to reuse the facility,” Bill Ford said during ...

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AllState rethinks rate hike petition

Officials say Allstate Property and Casualty Insurance Co. will temporarily withdraw its petition seeking a 65 percent increase hike in Mississippi, according to The Associated Press. The company’s decision came Jan. 8, a day after Mississippi Insurance Commissioner Mike Chaney rejected Allstate’s request. Allstate spokeswoman April Eaton says the company will evaluate and address Chaney’s concerns. She said another request ...

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County buying flooded property

PASCAGOULA — A program to buy oft-flooded properties in Jackson County may be moving forward after years of delays, The Associated Press reports. After Hurricanes Georges in 1998 and Katrina in 2005, the Federal Emergency Management Agency and Mississippi Emergency Management Agency offered to purchase properties that repeatedly flooded. Planning Director Michele Coats told the Mississippi Press the county is ...

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Main Street to Wall Street: We don't buy the rally

NEW YORK — Edward Shook can’t resist a bull market. He rode the one in the late 1990s and lost $350,000 in the dot-com collapse. Shaken but optimistic, he bought into the bull market that followed – and lost another $350,000 from his portfolio’s peak when stocks fell to a 12-year low in early 2009. Now the 65-year-old roofing contractor ...

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UPS cutting 1,800 jobs in US, raising outlook

ATLANTA — Shipping giant UPS Inc. will cut 1,800 management and administrative jobs, less than 1 percent of its global work force, as it repositions itself for a gradual economic recovery with improved technology and fewer employees. About 1,100 employees will be offered a voluntary separation package as part of the work force reduction, which is meant to streamline the ...

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