Archive | Business news

Barnes Crossing Business District aims to attract more shoppers

With more than 3 million square feet of commercial real estate encompassing nine major shopping centers, dozens of restaurants and more than 200 retailers and restaurants, the Barnes Crossing area on North Gloster Street in Tupelo still has room to grow. At least, that’s what businesses in the busy shopping corridor say, as they begin […]

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Posted in Business news, Mall At Barnes Crossing, Northeast Mississippi, Retail News, tourism, Tupelo1 Comment

BancorpSouth mergers delayed until next year

BancorpSouth will have to wait until next year to complete its mergers with two banks. The company said Monday it needed additional time to complete its mergers with Ouachita Bancshares Corp. of West Monroe, Louisiana, and Central Community Corp. of Temple, Texas. BancorpSouth had announced the deals in January and had expected their completion by […]

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Posted in BancorpSouth, Banking & Finance, Business news, Mergers & acquisitions, Northeast Mississippi, Tupelo0 Comments

Hancock Fabrics extends CEO Morgan’s employment

Hancock Fabrics has extended by four years the employment contract of company President and CEO Steve Morgan. The company’s board of directors also voted to keep Morgan as a member of the board. Morgan was appointed president and chief executive officer in October 2011 after having served in that role on an interim basis since January 2011. He replaced Jane […]

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Posted in Baldwyn, Business news, Hancock Fabrics, National, Northeast Mississippi, Salary & benefits/compensation, Tupelo0 Comments

Severstal Columbus plant part of $2.3 billion sale

From the Associated Press: Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Word of a possible sale began to circulate earlier this year as the West threatened sanctions against Russia for its activity in the Ukraine, but Severstal […]

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Posted in Business news, Economic development, International, Manufacturing, National, Northeast Mississippi1 Comment

Meetings this week focus on bringing jobs back to Mississippi

The Mississippi Make It In America (MMIIA) team is hosting a FREE Reshoring Opportunities Workshop on Wednesday and Thursday at the Itawamba Community College Belden Center in Tupelo. The Reshoring Opportunities Workshop will focus on creating jobs in Mississippi through reshoring, which is the process of bringing jobs back to Mississippi that have been previously offshored to other […]

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Posted in Business news, Economic development, Employment and jobs, International, Manufacturing, National, Northeast Mississippi, Tupelo0 Comments

Appeals court rules Stanford Financial victims can’t get compensation

Stanford Financial Group victims who lost more than  $7 billion in a fraudulent investment scheme cannot get compensation from a financial services corporation created to compensate victims of financial fraud. An appeals court judge in Washington, D.C. on Friday agreed with a district court’s earlier decision that victims of the Ponzi scheme could not get compensation […]

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Posted in Banking & Finance, Business news, International, National, Northeast Mississippi, Stanford Financial, Tupelo0 Comments

On the menu: Food inspections report for 7.18.14

The state Department of Health regularly inspects restaurants and food facilities. The facilities are graded from A to C. An “A” is the best. A “C” is the equivalent of failing, but the inspection isn’t bad enough to merit closure of the restaurant. The following Northeast Mississippi facilities were inspected between July 11-18. A’s LEE […]

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Posted in Business news, Food & Dining, Restaurant inspections0 Comments

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