Archive | Baldwyn


Former Stanford Financial adviser must return money

A federal jury in Dallas on Friday concluded a former financial adviser to former Texas tycoon R. Allen Stanford must return nearly $800,000 in fees and expenses paid to him before Stanford’s multibillion-dollar Ponzi scheme collapsed in early 2009. The jury also concluded Friday that Peter Romero may keep the $300,000 in funds he invested […]

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

Hancock Fabrics

Hancock Fabrics withdraws bid to go private

Baldwyn-based craft and fabrics retailer Hancock Fabrics today said it was withdrawing its proposal to take the company private. The company said in April it would have a 1000-to-1 reverse stock split and no longer be publicly traded, in order to better use its finances and focus on improving its performance. Hancock would have paid shareholders […]

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Posted in Baldwyn, Business news, Business newsmakers, Hancock Fabrics, National0 Comments

Hancock Fabrics

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


State Main Street programs get national accreditation

The Mississippi Main Street Association announced that the following members cities have been designated as accredited National Main Street Programs for meeting the commercial district revitalization performance standards set by the National Main Street Center:   Aberdeen               Corinth                    Pascagoula Amory                    Greenville                […]

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Posted in Aberdeen, Amory, Baldwyn, Booneville, Business news, Corinth, National, New Albany, Northeast Mississippi, Oxford, Pontotoc, Ripley, Starkville, tourism, Tupelo, Water Valley, West Point0 Comments

Brice’s Crossroads battlefield gets $34,000 grant

The Brice’s Crossroads Battlefield will benefit from a $34,000 grant to the Mississippi Department of Archives and History that will be used to buy protected land for the battlefield. Here’s the press release from the National Park Service: National Park Service awards $950,000 to protect seven Civil War battlefields WASHINGTON – National Park Service Director […]

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Posted in Baldwyn, Civil War, Mississippi Hills National Heritage Area, Northeast Mississippi, tourism0 Comments

Hancock Fabrics’ flagship store gets a makeover

Hancock Fabrics‘ store in Tupelo, which has served as a flagship for the rest of the company’s stores, has undergone a transformation. The most noticeable change is that it’s smaller – about half its former size. Vice President of Marketing Joe Finley prefers another term to describe the store’s smaller footprint. “It’s a more customer-friendly […]

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Posted in Baldwyn, Business news, Northeast Mississippi, Retail News, Tupelo0 Comments

Baldwyn timber company expanding, adding jobs

From the Mississippi Development Authority:  Officials from Maple Land and Timber have announced the company is expanding its operation located near Baldwyn,  which is known as American Land and Timber, to begin producing lumber for export to overseas markets. The expansion includes the addition of a new sawmill and the construction of a 20,000-square-foot facility. […]

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Posted in Agriculture & livestock, Baldwyn, Business news, Northeast Mississippi0 Comments

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