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Security Credit raises $24M-plus

OXFORD — In the first investor pool of 2009, Security Credit Services, LLC, reports it was able to raise over $24 million. In the upcoming months, Security Credit said it would start to utilize the services of hundreds of employees to collect millions of dollars worth of debt. Security Credit buys delinquent receivables and is managing the collection process for ...

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Mid-South gets ‘green’ grant

JACKSON — The Mid-South Community Development Corporation has been awarded an $80,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas through its partner bank, BankPlus. The funds will be used in the development of the Harmony Estates subdivision in the Georgetown community of Jackson to assist first-time homebuyers and qualified applicants with down payment assistance. ...

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Hood: Constitution ‘supreme law’

JACKSON — In response to a request from Rep. Cecil Brown, Attorney General Jim Hood has given his official opinion as to the ability of various state agencies and branches of government to operate and expend funds after July 1 if there is no appropriations bill passed in the Legislature. Hood wrote in part: “The Office of Governor has no ...

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Nissan getting $1.6B loan

SMYRNA,TENN. — The White House has announced $8 billion in conditional loan commitments is going to three automakers, including Nissan North America, for the development of innovative, advanced vehicle technologies aimed at creating thousands of green jobs while helping reduce the nation’s dependence on foreign oil. Ford Motor Company received a loan commitment of $5.9 billion to transform factories across ...

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Rowan resuming construction on rig

VICKSBURG — Rowan Companies Inc. of Houston, Texas, is recommencing construction of the third 240C class jack-up rig, the Joe Douglas, at its Vicksburg shipyard, with delivery expected in the third quarter 2011. Matt Ralls, Rowan’s president and CEO, said, “Earlier this year, we halted construction on this rig due to concerns over the turmoil in the credit markets and ...

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Millsaps College named ‘Best Buy’ by Fiske

JACKSON — Millsaps College is one of only 24 private colleges nationwide and the only college in Mississippi named a “Best Buy” in the 2010 edition of Fiske’s “Top Financial Finds on the College Tuition Market.” The revised and updated list features 44 private and public institutions as “Best Buy Schools.” The institutions were chosen based on the quality of ...

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Peoples reduces semiannual dividend

BILOXI — The board of directors of Peoples Financial Corporation, parent of The Peoples Bank, declared a reduced regular semiannual cash dividend of $0.20 per common share, payable July 15, 2009, to stockholders of record July 8, 2009. “This dividend level is consistent with our long-term goal of returning about 35 percent of our earnings to our shareholders,” said Chevis ...

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Traffic fatalities decrease sharply

WASHINGTON — The U.S. Department of Transportation (DOT) reports the number of overall traffic fatalities reported in 2008 hit their lowest level since 1961, and that fatalities in the first three months of 2009 continue to decrease. The fatality rate, which accounts for variables like fewer miles traveled, also reached the lowest level ever recorded.
 The fatality data for 2008 ...

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MABC gets diversity grant

JACKSON — The Mississippi Associated Builders & Contractors (MABC) has been awarded a $10,000 Chapter Diversity Initiative Grant from Associated Builders and Contractors (ABC) national office to assist in MABC’s efforts to develop long-term diversity programs. “ABC strives to develop programs that will enhance the construction industry in Mississippi,” said Buddy Edens, MABC president, “This grant will open a new ...

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New saltwater fishing guide released

BILOXI — The 2009-2010 edition of the Mississippi Department of Marine Resources’ free booklet, “Guide to Mississippi Saltwater Fishing Rules and Regulations,” is now available at the Mississippi Department of Marine Resources (DMR) office located in Biloxi. The guide incorporates new and revised saltwater fishing regulations for the State of Mississippi. The 36-page fishing regulations book includes information on commercial ...

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