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MBJ FEATURE

Time may have run out on billable hours

Law firms adjust to troubled economy Over the past couple of years, as the economy soured, numerous headlines nationwide began proclaiming the death of the billable-hour model used by law firms. With money tight, clients are looking for options such as alternative or flat fees, according to reports. That trend is being seen here in Mississippi. However, local law firms ...

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Stage set for Wells Fargo as era begins in Mississippi

Wells Fargo made its name in the Old West with daring stagecoach ventures through a treacherous frontier. In Mississippi, the San Francisco-based banking giant hopes to build a reputation as a key lender to business, especially in agriculture, said Fred Osing, Wells Fargo business banking manager for Mississippi. Wachovia, whose Mississippi operations converted officially to Wells Fargo last week, was ...

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Natchez REC-PLEX not a slam dunk

Tate Hobdy knows the wheels of finance often turn slowly for projects like a large, multi-use recreational complex. But that is not squashing his hope that ground will be broken on one in Natchez by the end of next summer. Hobdy, chairman of the Natchez-Adams Recreation Commission, is spearheading a planning and fundraising effort to construct a new recreation complex ...

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It’s child’s play

Building youth sports facilities can mean lots of tourism dollars for communities The Delta Sportsplex Foundation has the desire to build a recreational complex in Greenville. It even has a 95-acre plot of land Washington County has agreed to lease to it for that purpose. Now all it needs is the money to build it. Efforts toward securing the money started Sept. ...

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Carter joins MBJ editorial team

Veteran journalist to cover banking, finance and real estate The Mississippi Business Journal has expanded its newsroom, adding veteran journalist Ted Carter as staff writer. Carter begins this week, and will cover banking and finance, real estate (commercial and residential), accounting and Main Street/economic development. “Over the past couple of months, Ted has served as an MBJ contributing writer, and ...

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Hosemann handed 118,000 signatures

JACKSON — One hundred nineteen thousand signatures of registered Mississippi voters landed at Mississippi Secretary of State Delbert Hosemann’s office last Thursday morning. They all oppose government taking private property and handing it to another private person. If Hosemann’s office certifies the signatures as belonging to people who are registered to vote in Mississippi, voters will decide the issue in ...

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It’s legal in some states

Utilities make donations (more than $3 million the last three years) and then charge the cost back to customers Entergy Mississippi and Mississippi Power Company have been reimbursed by customers for more than $3.1 million in charitable contributions to schools, colleges, civic organizations and businesses over the past three years, according to public records. These regulated public utilities plan to ...

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Southwest/AirTran merger leaves Tunica airport to wait and wonder

Just last May, AirTran Airways began flying out of Tunica Airport. The agreement for the airline to provide daily flights to and from Atlanta in and out of Tunica ends in May 2011. If that agreement is extended beyond that date, the planes are going to look a lot different. Last week, Southwest Airlines announced that it was acquiring AirTran, ...

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And they're off …

Church Hill Downs enters casino business with Harlow’s deal For 135 years now, the name Church Hill Downs has been synonymous with horse racing, particularly the Kentucky Derby. But Church Hill Downs Inc. (CDI) is entering a new market — casinos — and it is starting in the Mississippi Delta. Earlier this month, it was announced that Louisville, Ky.-based CDI ...

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Same song, still the Blues for Greenville

Developer takes another swing at the Delta market After a nearly seven-year hiatus, the developers of the Delta Blues Casino are back, proposing again to build the casino/hotel/convention center/blues museum complex in Greenville. A principal with Delta Blues Casino, LLC, says the issues that blocked the company’s first attempt to build on the Port City’s waterfront have largely been resolved. ...

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