Archive | June, 2013

Inspections 6/28: Outback, Atlanta Bar & Grill

Lots of A’s this week on area restaurant inspections. The state Department of Health regularly inspects restaurants and food facilities.The facilities are graded from A to C. “A” is the best. “C” is the equivalent of failing, but the inspection isn’t bad enough to merit the closure of the restaurant. The following Northeast Mississippi facilities […]

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Area gas prices vary 06/28/13

For another week, we found a 20 cent fluctuation in gas prices around the area. Check out some of the better spots to fill up before you head to the beach this summer. This time last year, gas prices across the state dipped below $3 with a state average of $2.99. That average is up […]

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Cochran co-sponsors jobs plan

Senator Thad Cochran’s office released a statement today on a plan to help get more Americans back to work.  The plan includes grants to local businesses who participate in or want to establish on-the-job training programs. These programs have big implications for manufacturing.  The full press release… SHAHEEN, COCHRAN INTRODUCE BIPARTISAN JOBS PLAN Legislation would […]

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Tupelo Furniture Market gets $250,000 from Legislature

The Tupelo Furniture Market is getting $250,000, via the state legislature to help promote  itself. That may sound a lot, but consider the High Point Market in North Carolina gets 10 times that. But every little bit helps Anyway, here a press release from TFM: During its last session, the Mississippi Legislature approved $250,000 in […]

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Posted in Business news, Northeast Mississippi, Tupelo, Tupelo Furniture Market2 Comments

BancorpSouth to buy back $125M in securities

BancorpSouth is redeeming $125 million in trust-preferred securities, the Tupelo-based financial holding company said late Wednesday. BancorpSouth is using $75 million in cash, plus another $50 million in debt for the buyback on Aug. 12 By buying back the securities, BancorpSouth expects to save about $9.1 million in interest expense. Here’s what the bank said […]

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Posted in BancorpSouth, Banking & Finance, Business news, Tupelo0 Comments

Renasant, First M&F shareholders approve merger

As expected, shareholders for Renasant Corp. and First M&F Corp. overwhelmingly approved the merger of their two companies.  The deal, first announced in February, would see Tupelo-based Renasant acquire Kosciusko-based First M&F in a stock transaction then valued at about $119 million. As of today, that deal is now valued at about $142 million. First […]

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Posted in Banking & Finance, Business news, Northeast Mississippi, Renasant Bank, Tupelo4 Comments

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Carnival a bargain but still not selling

Well, after the recent PR nightmares for the cruise line, its hard to say it comes as a surprise to find out they are in financial trouble. It’s not difficult these days for a value-conscious vacationer to score a deal on Carnival Cruise Lines (CCL). The trouble for the beleaguered cruise giant is that many vacationers […]

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