Archive | Corinth

Last February, Caterpillar announced a $14.8 million investment that would add 30 jobs to its new Large Engine Remanufacturing Facility, which builds the company’s C175 engine used for mining equipment and power generation.

Caterpillar’s finances under investigation by grand jury

A federal grand jury is investigating “financial information” in Caterpillar’s domestic and international operations and subsidiaries, according to regulatory documents filed this week. The investigation was first reported by the Herald & Review in Decatur, Ill. Caterpillar said it received a subpoena Jan. 8 asking for information “concerning the movement of cash among U.S. and non-U.S. […]

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Posted in Booneville, Business news, Corinth, International, Manufacturing, National, Northeast Mississippi, Oxford, Water Valley0 Comments

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RadioShacks in Northeast Mississippi to close by March 31

RadioShack announced last week it was closing 1,784 stores, nearly half of its 4,000 stores.  In Northeast Mississippi, stores in Tupelo, Corinth and West Point will be close by the end of March. The closures will occur in three waves: • The first wave  includes 162 stores and is set to be complete by Feb. […]

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Posted in Business Closures, Business news, Corinth, Northeast Mississippi, Retail News, Technology, Tupelo, West Point0 Comments

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Corinth operations unaffected by Kimberly-Clark cuts

Kimberly-Clark said today it plans to cut between up to 1,300 workers, primarily salaried staff in a restructuring effort. According to the Dallas Morning News, the restructuring program to improve efficiency and offset some overhead costs related to the spin-off of its health care business should save the company between $130 million to $160 million by […]

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Posted in BancorpSouth, Business news, Corinth, Employment and jobs, National, Northeast Mississippi0 Comments

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Corinth Coca-Cola inks agreement to expand territory

It’s taken more than a year, but Corinth Coca-Cola Bottling Works is a step closer to expanding its distribution territory into West Tennessee.  It was announced in April 2013 that the Coca-Cola Co. and five of its U.S. bottlers would enter into a new beverage partnership, with the bottlers gaining more territory. For Corinth Coca-Cola […]

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Posted in Business news, Corinth, National, Northeast Mississippi0 Comments

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The Alliance in Corinth one of eight MDA grant recipients

The Mississippi Development Authority today said it has recently awarded eight Site Development Grants to economic development entities across the state. The matching grant program “is designed to assist nonprofit economic development organizations or local governments in preparing available greenfield sites for industrial development,” MDA said in a press release.   Recipients of Site Development Grant Program funds for […]

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Posted in Business news, Corinth, Economic development, Mississippi Development Authority, Northeast Mississippi0 Comments

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KeyTronic acquires Ayrshire Electronics for $46.9M

Spokane, Washington-based Key Tronic Corp. closed on a deal to buy CDR Manufacturing, otherwise known as Ayrshire Electronics, for $46.9 million in cash. Ayrshire has a manufacturing facility in Corinth, which is unaffected by the move. The facility employs 186 people. “Ayrshire Electronics has been a great partner and growing employer in Corinth,” said Gary […]

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Posted in Business news, Corinth, Economic development, Employment and jobs, Manufacturing, Mergers & acquisitions, National, Northeast Mississippi1 Comment

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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

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