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Fitch withdraws Entergy ratings

JACKSON — Fitch Ratings has affirmed and simultaneously withdrawn its ratings for Entergy Corp. and its subsidiaries. Fitch assigned Entergy Corp. an issuer default rating (IDR) of “BBB-.” For Entergy Mississippi Inc., Fitch assigned an IDR of “BBB-,” a :BBB+” rating on its first mortgage bonds and “BBB-” to its preferred stock. Other Entergy subsidiaries rated include: Entergy New Orleans ...

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City workers feeling recession

AROUND MISSISSIPPI — Unemployment rates were higher in August than a year earlier in all 372 metropolitan areas, the U.S. Bureau of Labor Statistics (BLS) reports. Sixteen areas recorded jobless rates of at least 15 percent, while nine areas registered rates below 5 percent. Among the 369 metropolitan areas for which non-farm payroll employment data were available, 356 areas reported ...

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HORNE makes national ranking

JACKSON — HORNE LLP has been named to INSIDE Public Accounting’s (IPA’s) Top 50 Accounting Firms for 2009. IPA’s 19th annual report names the nation’s Top 100 accounting firms. For the second consecutive year, HORNE ranks as the 48th largest accounting firm in the nation ranked by U.S. net revenue. IPA’s rankings are one of the longest running, most accurate ...

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NAFTA traffic still falling

Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 28 percent lower in July 2009 than in July 2008, dropping to $51.5 billion in the seventh consecutive month with a year-to-year decline of greater than 27 percent, according to the Bureau of Transportation Statistics (BTS). BTS reported that ...

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Power associations get federal loans

AROUND MISSISSIPPI — Agriculture Secretary Tom Vilsack announced that 58 rural utilities and cooperatives in 33 states have been selected to receive $2.4 billion in loans and loan guarantees to build and repair over 12,000 miles of distribution and transmission lines and make system improvements that will benefit almost 113,000 rural customers. The borrowers in Mississippi are Singing River Electric ...

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VCM officially in operation

VICKSBURG — On Sept. 29, Steel Summit Holdings Inc. celebrated the grand opening of its new division, Vicksmetal Company (VMC), at a ribbon-cutting ceremony in Vicksburg. Steel Summit Holdings is a wholly-owned subsidiary of Sumitomo Corporation, headquartered in Tokyo, Japan.

 VMC currently occupies a 26,500-square-foot facility at the Port of Vicksburg. The company produces transformer cores for manufacturers of electrical ...

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Study: Geothermal showing 'strong growth'

A new report by the Geothermal Energy Association (GEA) shows strong growth in new geothermal power projects continuing through 2009. U.S. Geothermal Power Production and Development Update, Sept. 2009, identifies 144 new geothermal projects under development in fourteen states that could represent as much as 7,100 megawatts (MW) of new baseload power capacity. When added to the 3,100 MW of ...

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Medicaid, CHIP initiative underway

JACKSON — HHS Secretary Kathleen Sebelius announced $40 million in grants to 69 grantees in 41 states and the District of Columbia to help them find and enroll children who are uninsured but eligible for either Medicaid or the Children’s Health Insurance Program (CHIP). Under this award, the Mississippi Primary Health Care Association will receive $988,152. As called for in ...

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Economic symposium returning to Coast

BILOXI — The 42nd Hancock Bank Gulf Coast Economic Symposium will be held Oct. 6 from 7 a.m. until 12:15 p.m. at the Mississippi Coast Coliseum Convention Center in Biloxi. This year’s theme is “Gulf South Strong & Proud — Insights for Success.” The event will explore the economic potential and prosperity along the I-10 corridor spanning New Orleans and ...

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Another blues marker to be erected

JACKSON — On Oct. 5, the Mississippi Development Authority/Tourism Heritage Trails Program, the Mississippi Blues Commission and the Jackson Convention & Visitors Bureau will unveil a historic marker honoring Ace Records. Ace Records, a major player in the development of New Orleans rhythm and blues and subsequently rock and roll, was the first local record company of New Orleans based ...

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