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MBJ FEATURE

Cadence reports continued losses

Starkville-based bank had lower losses than same quarter in 2009 In a late arriving earnings report, Cadence Financial of Starkville last Wednesday reported a third quarter net loss of $7.5 million, or $0.63 per diluted share. The new round of losses come just ahead of a Dec.  9 shareholder meeting at which shareholders will vote whether to take the $1.7-billion ...

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Cadence shareholders must weigh claims merger information

Investor suit alleges merger terms designed to benefit Cadence execs, board more than shareholders Cadence Bank shareholders have until Dec. 9 to dissect terms of a pending acquisition of the regional bank and gauge claims in an investor lawsuit that the deal is tilted to benefit Cadence executives and board members at their expense. Shareholders are scheduled to vote Dec. ...

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Coalition: No public money for casino

Group says Mississippi Band of Choctaw Indians must pay for infrastructure improvements The Coalition for Family and Community Values in Jones County has opposed from the beginning plans by the Mississippi Band of Choctaw Indians to build a slot-machine casino in Sandersville. With that battle seemingly lost — the MBCI is expected to open the casino in mid-December — the ...

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Market has landlords coveting their neighbor’s retail tenant

Recession and over-supply of space intensifies competition for tenants. In the give-and-take of retail space leasing in metro Jackson, today’s tenant takes and the landlord gives. With too many buildings either entirely empty or half empty, landlords are making deals they hope they don’t live to regret. And they are happy to take from their neighbors, knowing their neighbors won’t hesitate ...

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New wave of retailers look to Jackson market

National retailers wagering they can lure Jackson shoppers to new and backfilled stores in Metro The recession’s retail casualties have left behind a lot of empty buildings around the country, giving surviving retailers a wide choice of vacant space. Considering what’s out there, it shows confidence in metro Jackson’s upside that the nationals are betting on the area by building ...

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Basu: Key is ‘stimulus, stimulus, stimulus’

With 2011 less than 60 days away, Mississippi’s builders and contractors must get accustomed to a less-than-inspiring prediction for next year’s business climate: ”Less worse but certainly not terrific.” “Less worse” came as close to actual encouragement as economist Anirban Basu could get in a presentation to several hundred members of the Mississippi Associated Builders and Contractors gathered at the ...

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It’s cheaper to be… fat

Sebelius: Healthy foods too expensive, lifestyles too sedentary Mississippi, by any measure, is the poorest state in the U.S. It’s also the fattest state. Those two dynamics feed off each other, and it’s not hard to discern why. Healthy food, fruits and vegetables and anything grown organically, is expensive. Food loaded in sodium and saturated fats, food that has been ...

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Hospital chief to enhance communication

New DRMC chief of staff seeks to bring doctors, administrators together Dr. Maroun Hayek has been practicing oncology at Delta Regional Medical Center’s Delta Cancer Institute for 11 years. He’s about to get a taste of the administrative side. Hayek, 45, took over as chief of staff at the hospital Nov. 1. He’ll continue to see patients, but his role ...

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Hunting up funding

Outdoor activity study offers good news, but raises concerns A new survey of hunting, fishing and outdoor activities in Mississippi shows the state recoups its 73-year investment in wildlife habitat restoration nearly six times over every year. But, money woes threaten this phenomenal return on investment. Concerns are high that funding shortfalls might bag the goose that laid the golden ...

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