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CCVB offers funds for bridge work

COLUMBUS — The Columbus Convention and Visitors Bureau (CCVB) has offered to pay one-third of the $400,000 match needed to finance the renovation of the old U.S. 82 bridge across the Tombigbee River into a pedestrian walkway. The Mississippi Department of Transportation is providing $2 million for the work. The city and Lowndes County has asked the CCVB to provide ...

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Delta loses $256M in one quarter

ATLANTA — Heavy winter storms and one-time merger-related expenses and severance charges hurt Delta Air Lines Inc.’s results as the world’s largest carrier reported today that it lost $256 million in the first quarter. The red ink was still far less than a year earlier, thanks to rising demand for air travel, and the company predicts a solid profit for ...

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Volcano costs airlines $1B-plus

PARIS — As airline losses from the volcanic ash cloud spiraled over $1 billion today, the industry demanded EU compensation and criticized European governments for relying too much on scientific theory — not fact — in their decisions to shut down airspace across the continent. Shares of some European airlines fell as flight disruptions from the volcanic cloud moved into ...

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Small Business Spotlight: Crossroads Pottery, Baldwyn

Crossroads Pottery finds plenty of buyers After two years of building their pottery business, two sisters, Sheila Hall and Anita Sandlin, took a leap of faith, quit their jobs and began working full-time on Crossroads Pottery in their hometown of Baldwyn. Hall quit her job in the spring of 2007, and Sandlin followed suit that fall. “I quit when I ...

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Pieces in place for big tourism boom in Mississippi

But Peavey Electronics founder Hartley Peavey says we must use them   Centuries ago, when villages decided to celebrate something – maybe a successful harvest –  business owners got to thinking. Folks doing the celebrating are probably going to be hungry, they concluded. So let’s sell them something to eat. They’ll most likely want to have something to help them ...

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City wants to use tourism money for bridge

COLUMBUS — The City of Columbus wants to use money from a tourism tax to pay a $400,000 match to renovate the old U.S. 82 bridge across the Tombigbee River into a pedestrian walkway. The Mississippi Department of Transportation is providing $2 million for the work. The Commercial Dispatch reports that Mayor Robert Smith hopes to get Lowndes County to ...

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Airport traffic down at New Orleans

KENNER, La. — The number of passengers going through the Louis Armstrong New Orleans International Airport dropped slightly in February — despite such events as Mardi Gras and the Super Bowl. The airport reports 618,201 passengers boarded and left flights in February, down from 620,814 in February 2009. For the first two months of the year, traffic is down 1.5 ...

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Airlines' performance improved last year

Fewer passengers boarded planes last year, but those who did were generally treated better than in the past. Planes were more likely to land on time and bags less likely to get lost in 2009, according to an annual analysis of airline quality by private researchers. As a result, passengers reported fewer complaints even while cash-strapped airlines reduced flight schedules ...

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Morgan Keegan accused of defrauding Mississippians of $30M

The Mississippi Secretary of State’s office estimates that Morgan Keegan has defrauded Mississippians of $30 million through selling risky, sub-prime mortgage-backed securities. The state, along with Alabama, Kentucky and South Carolina, has filed administrative charges against Morgan Keegan & Company and Morgan Asset Management. Due to unethical practices, Morgan Keegan lost approximately $2 billion in mutual funds between March 31, ...

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Atlantic City casinos struggling

ATLANTIC CITY, N.J. — Resorts Atlantic City, the nation’s first casino outside Nevada, says it may not survive; another Atlantic City casino hasn’t made a loan payment since last summer and three others are in bankruptcy court. Atlantic City’s 11 casinos have been struggling for more than three years. Financial documents filed with the state this week show just how ...

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