Archive for the ‘Business news’ Category

Japanese airline ANA retires last 747 in Tupelo

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All Nippon Airways (ANA) retired its last Boeing 747 on Thursday, with the pilots making a flyover at the Tupelo Regional Airport.

The 747 was officially retired from service on March 31 in Tokyo, carrying several hundred passengers. In recent days, it made its way to Anchorage, Alaska and finally to Tupelo. It landed around noon Thursday, then made its way to Universal Asset Management, which has retired 10 of ANA’s planes over the years. Three ANA 747s sit on UAM’s space at the airport, including a Pokemon 747 that landed last fall, joining ANA’s other retired Pokemon plane that was disassembled in 2012.

You can read more about the final 747 retirement ceremony  in Friday’s Daily Journal. Meanwhile, a slideshow is attached from Thursday:

 

Written by Dennis Seid

April 17, 2014 at 11:54 pm

TVA CEO takes economic development tour in Northeast Mississippi

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One of the Tennessee Valley Authority’s main missions is economic development, and the utility company’s top executive is seeing first-hand what is happening across its footprint.

“Our job is to help attract and keep bring businesses here, and I want to know why people come here,” said TVA chief executive officer Bill Johnson. “I’m interesting in seeing what we can learn and what more we can do.”

Tecumseh general manager Joe Kulovitz, left, talks to Tennessee Valley Authority CEO Bill Johnson during Johnson's tour of the Verona facility Wednesday.

Tecumseh general manager Joe Kulovitz, left, talks to Tennessee Valley Authority CEO Bill Johnson during Johnson’s tour of the Verona facility Wednesday.

In the past 18 months, more than 6,000 jobs have been created or retained in Northeast Mississippi, with capital investments totaling more than $1.4 billion.

While TVA isn’t directly responsible for those jobs and investment, it has played a key role in providing resources and infrastructure – namely cost-effective electricity – to help economic developers recruit and retain businesses.

Johnson tours the Valley three times a week

On Wednesday, Johnson toured the Tecumseh manufacturing facility in Verona and the Yokohama Tire site in West Point.

At Tecumseh, Johnson toured the facility with general manager Joe Kulovitz and other company officials as they showed a new expansion. Last July, Tecumseh announced it was building its advanced commercial refrigeration compressor.

The $10 million project, with $4 million coming from a low-interest loan from the Mississippi Development Authority and $600,000 in infrastructure and other improvements, could bring 150 jobs in the next five years.

Without MDA and TVA, the project would not have happened, Kulovitz told Johnson. Read the rest of this entry »

Genesis Furniture in Pontotoc closed, 63 laid off

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Genesis Furniture Co. in Pontotoc has closed, according to a notice issued by the Mississippi Department of closed4Employment Security.

The move, announced to employees April 4, affects 63 workers.
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Written by Dennis Seid

April 15, 2014 at 3:34 pm

Last 747 for Japanese airline to land in Tupelo on Thursday

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Biz Buzz speculated two weeks ago that the final Boeing 747 belonging to All Nippon Airways (ANA) could very well be headed to Tupelo and Universal Asset Management.

This is the retired ANA 747 that will be landing in Tupelo Thursday.

This is the retired ANA 747 that will be landing in Tupelo Thursday.


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New restaurant will serve ‘the biggest burger in Tupelo’

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Biz Buzz has been wondering what’s going on with the shell building in front of Kilgore’s Supermarket  and Walls Bargain Center on South Gloster Street in Tupelo, and now we know:

It’s the future home of Super Demario’sSuper Demario's
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Written by Dennis Seid

April 15, 2014 at 8:36 am

New air service in Tupelo could be in place by August

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While Silver Airways has announced it is ending commercial air service in Tupelo (click here for previous coverage),  Silver Air planeofficials with the Tupelo Regional Airport think a replacement carrier could be in place as early as August.
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Written by Dennis Seid

April 14, 2014 at 2:15 pm

Homer’s Steaks and More in Tupelo adjusts hours

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Homer’s Steaks & More at 825 W. Jefferson in Tupelo has adjusted its hours, opening an hour later during the week and staying open a little bit longer.

Homer's Steaks & More is in the bottom right of the building.

Homer’s Steaks & More is in the bottom right of the building.


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Written by Dennis Seid

April 14, 2014 at 1:51 pm