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Frozen-food maker to invest $27.3 million, add 15 jobs

Ajinomoto Foods North America, Inc., a leading manufacturer in the frozen food industry, is increasing capacity in Oakland. The project is a $27.3 million corporate investment that will add 15 jobs to the work force, raising the total number of employees to 450. “For 13 years, Ajinomoto Foods has been growing its Oakland operations, providing gainful employment for hundreds of Mississippians ...

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Toshiba opening $14 million distribution center, creating 40 jobs in DeSoto County

Toshiba America Business Solutions is opening distribution operations in Horn Lake. The $14 million project will create 40 jobs. Toshiba American is a subsidiary of technology solutions company Toshiba Tec Corp. The company provides multifunction printers, including its award-winning e-Studio printer, managed document services and digital signage for businesses of all sizes throughout the United States, Mexico and Central and ...

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Navistar Defense buys West Point Assembly Plant

By DENNIS SEID / Daily Journal Navistar Defense on Monday said it had acquired its assembly plant in West Point for an undisclosed amount. The company has leased the facility from Babcock and Wilcox since 2006. “The purchase of the assembly plant is a part of our strategic plan to grow our business,” said Ted Wright, Navistar Defense chief executive ...

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Tupelo Furniture Market looking to consolidate space

By DENNIS SEID / Daily Journal TUPELO • With some 2 million square feet of exhibition space, the Tupelo Furniture Market has plenty of room for furniture, bedding, case goods and accessories exhibitors, as well as buyers and retailers to attend the biannual trade show. But in recent years, the number of attendees has shrunk at each market, and the just-completed ...

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Moon river: Rocket part ferried on the mighty Mississippi

With a brass band playing and a parade of workers sporting Mardi Gras beads, a huge component of a new rocket system was wheeled slowly from a New Orleans spacecraft factory on Wednesday to a barge that will float it up the Mississippi River for testing. The recently completed “core stage” of NASA’s Space Launch System, which dwarfed the hundreds ...

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Navy considers shipbuilding cuts for upcoming budget

The Navy is proposing construction cutbacks and accelerated ship retirements that would delay, or sink, the Navy’s goal of a larger fleet — and potentially hurt shipyards, according to an initial proposal. The proposal would shrink the size of the fleet from today’s level of 293 ships to 287 ships, a far cry from the official goal of 355 ships ...

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Navistar Defense lands $24.5M contract to build medium tactical vehicles

By DENNIS SEID / Daily Journal Navistar Defense has been awarded a $24.5 million contract to provide medium tactical vehicles to foreign military sales customers worldwide, except for Iraq. Work will be done at the company’s assembly plant in West Point, with deliveries starting in 180 days after receipt of each delivery order. The three-year requirements contract, awarded by the ...

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VT Halter Marine boats win international honor

VT Halter Marine Inc., a Pascagoula company that is part of ST Engineering North America, received top honors during the International WorkBoat Show. Two of its vessels were selected as Boat of the Year. Built by VT Halter Marine for Crowley Maritime Corp., the Taino and El Coqui were selected based on criteria set by WorkBoat Magazine and by popular ...

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Navistar being sued for $1.3B in fraudulent charges for armored vehicles

By DENNIS SEID / Daily Journal The details of a whistleblower lawsuit against defense contractor Navistar have been unsealed, accusing the company of bilking nearly $1.3 billion from the government. In 2013, a former Navistar Defense employee accused the company of fraudulent and inflated pricing for the mine-resistant, ambush-protected vehicles it sold to the U.S. Marine Corps. The MRAPs as ...

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Japanese regulators recommend $22 million fine on Nissan

Japanese securities regulators are recommending that automaker Nissan be fined 2.4 billion yen ($22 million) for under-reporting compensation for its former chairman, Carlos Ghosn. The watchdog, the Securities and Exchange Surveillance Commission, said Tuesday it made the recommendation to the government’s Financial Services Agency over disclosure documents from 2014 through 2017. Nissan Motor Co. said it accepted the penalty and ...

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