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Author Archives: Ted Carter

A NEW ERA AT VIKING — Kitchen appliance veteran Kevin Brown to oversee Greenwood plant

By TED CARTER A kitchen appliances executive whose background includes working the assembly line at Oxford’s Whirlpool plant is the new head of revamped Viking Ranges in Greenwood. Kevin Brown, a University of Mississippi electrical engineering graduate who started with Viking in 2007, joined with a team of Middleby Corp. executives in 2013 to transform the products line of the ultra-premium ...

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State’s raids on rainy-day fund raise red flag, Moody’s warns

State Treasurer Fitch calls report to investors ‘a shot across the bow’ for legislative leaders    By TED CARTER Gov. Phil Bryant’s three draws from Mississippi’s reserve fund have left the fund at its lowest level in 13 years and led Moody’s Investor Services to warn investors the state’s fiscal position is weakening. Moody’s July 11 report characterized the drawdowns ...

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Regulators went undercover to gather evidence against BancorpSouth

By TED CARTER Banking experts see the U.S. Consumer Financial Protection Bureau’s $10.6 million settlement with Tupelo’s BancorpSouth over alleged redlining as a sign financial services companies nationwide can expect the Bureau to more frequently use federal lending and housing laws to fight racial discrimination. That fight is also likely to include more use of undercover operatives such as the “mystery ...

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MEC, Manufacturers Association, Municipal League fear breach of fire-at-will doctrine

By TED CARTER The Mississippi Supreme Court would deal a “devastating blow” to the state’s 150-year-old at-will employment doctrine by sticking to a March ruling that a worker should not have been fired for having a firearm in a locked vehicle at work. Those are the stakes as seen by the Mississippi Economic Council, the Mississippi Manufacturers Association and the Mississippi ...

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Old River Trucks extends reach from Richland to Lake Charles

» Family-owned Volvo truck company acquires three Louisiana Mack dealerships By TED CARTER Richland-based Old River Trucks, one of Mississippi and the nation’s top selling Volvo tractor-trailer dealers and servicers, doubled its size June 1 with acquisition of a trio of Mack truck dealerships in south Louisiana. Company founder Lee White says he saw acquisition of the Mack dealerships in New ...

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TeleHealthOne bringing its services to fred’s Pharmacy stores

Staff Report Fred’s Pharmacy stores across Mississippi are adding video-based health care to their offerings. TeleHealthOne, a less than 2-year-old Canton provider of telemedicine services, has teamed with fred’s Inc. to extend the company’s video health services to customers of the pharmacies. Private space will be set aside in the stores for people with minor ailments to receive a video ...

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State ban on payday loan rollovers called safe from new federal rules

By TED CARTER Mississippi’s ban on payday loan rollovers will stay intact after the U.S. Consumer Financial Protection Bureau enacts a host of new rules on payday lending, the general counsel for the Mississippi Department of Banking and Consumer Finance says. “Our current Check Cashing Act prohibits rollovers and unless those statutes are changed by the Legislature in a future session, ...

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