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Tag Archives: NEWS

Auto parts maker invests $100 million, adds 50 jobs

Automotive supplier Auto Parts Manufacturing Mississippi is increasing production in Lee County, investing $100 million and creating 50 jobs. Located in Guntown, APMM produces stamped auto parts, body weld parts and plastic parts. The company’s expansion accommodates increased production for the 2019 Toyota Corolla, which is produced in Blue Springs. APMM is retooling its facility and investing in workforce training. ...

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Bomgar to make acquisition

MBJ staff Bomgar, a global leader in privileged access management solutions, has signed a definitive agreement to acquire BeyondTrust, a global leader in privilege-centric security, from an affiliate of Veritas Capital. The combined company, which will be called BeyondTrust, brings together innovators with a shared mission of helping customers defend themselves from cyber-attacks while increasing productivity. Bomgar was founded by ...

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B&B Electric breaks ground on new HQ bringing 300 New jobs to Madison County

The Madison County Economic Development Authority (MCEDA) has announced that B&B Electrical and Utility Contractors, Inc. is breaking ground on its new headquarters in the Canton Commercial and Industrial Center, investing $6.5 Million over the next 2 years. B&B Electrical and Utility Contractors, Inc. is a family-owned company that has been in continuous operation since 1982 and is a one stop electrical ...

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John H. Bryan Jr., renowned philanthropist, longtime Sara Lee CEO, dies

By Maureen O’Donnell@suntimesobits | email The Chicago Sun Times Mississippi native and former Sara Lee Corporation chief executive officer John H. Bryan Jr., who was long one of Chicago’s leading patrons of the arts and a stunningly effective philanthropist and fundraiser, has died at 81. Mr. Bryan died Monday night — four days shy of what would have been his 82nd ...

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Cruisin’ the Coast under way along Mississippi Gulf

Thousands of classic cars and trucks are on the Mississippi Gulf Coast this week for Cruisin’ the Coast. Gulf news outlets report that more than 8,000 participants were expected to bring their antique, classic and hot rod cars this year for a festival that started in 1996 with a few hundred cars. They participate at venues along a 30-mile stretch ...

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Shares plunge after Cal-Maine fails to meet expectations

By JACK WEATHERLY Cal-Maine Foods Inc. reported on Monday that its net income for the fiscal first quarter was $12.4 million, or 26 per share, compared with a loss of $16 million, or 33 cents per share, a year earlier. Net sales for the quarter that ended on Sept. 1 was $340.6 million, 29.6 percent increase ove $262.8 million. Despite ...

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BILL CRAWFORD: Uncertainty dims hallelujah economic times for Republicans

BILL CRAWFORD Stimulated by Trump’s tax cuts, the national economy grew 4.2% in the second quarter (final BEA estimate), up from 2.1% in the first quarter. Corporate profits jumped 3.0%, up from 1.2%. The national unemployment rate at 3.9% is the lowest since December 2000. Total nonfarm employment is nearly 150 million, the highest ever.  And average wages are the ...

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Nissan says it spent $170M to retool for new sedan model

Nissan Motor Co. says it invested $170 million at plants in Mississippi and Tennessee as it retooled to make a new Altima sedan model. The company officially marked the start of production in Canton Thursday with a ceremony including Mississippi Gov. Phil Bryant. The company also makes the cars at its Smyrna, Tennessee, plant, where production of the sixth-generation Altima ...

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Republicans favor new federal regulation on sports gambling

House Republicans strongly favor new federal regulations on sports gambling after the Supreme Court allowed states to open sports books. At a hearing of a House Judiciary subcommittee, GOP members expressed concerns Thursday about advertisements and online gambling platforms targeting minors, as well as the potential for match-fixing. “For Congress to do nothing is the worst possible alternative,” said Rep. ...

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Navy awards $3.9 billion contract to Bath Iron Works

The U.S. Navy says it’s awarded a ship’s $3.9 billion contract to Bath Iron Works to build four new destroyers. The Navy announced Friday that it awarded the contract to the Bath shipyard as part of a plan to build 10 new Arleigh Burke-class destroyers. Competitor Huntington Ingalls of Mississippi will build six destroyers. The contracts contain options for additional ...

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