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AP: Biofuel maker KiOR may be looking at bankruptcy

From the Associated Press:  Struggling biofuel firm KiOR says in a financial filing that it will run out of money by September and that bankruptcy could follow. The company, which built a refinery in Columbus to turn wood chips into synthetic oil, owes Mississippi $69.4 million. The Mississippi Development Authority has agreed to delay payments […]

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Posted in Business news, Energy, National0 Comments

Iain Logan, senior vice president for Philips, who is second from left, and Philips Tupelo plant manager Amar Yeddula receivesa token of appreciation from CDF President and CEO David Rumbarger

Philips Lighting adding 50 jobs with $2M expansion

One of the oldest companies in Tupelo is expanding and adding employees. Philips Lighting announced a $2 million project today that will bring at least 50 jobs to the facility. The project also helps retain the 350 now employed there. Philips is creating a major manufacturing hub at its 550,000-square foot Tupelo facility, which opened in 1947 […]

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

02171103 BancorpSouth

BancorpSouth pulls merger applications, expects to refile

BancorpSouth withdrew its applications to merge with two banks, but in a regulatory filing today said it expects to “subsequently refile.” Last month, the company said 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 […]

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

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Magazine names Tupelo a top retirement destination

Where to Retire magazine has named Tupelo  a top retirement destination.  Tupelo is one of eight cities profiled in a feature titled “8 Low-Cost Cities” in the September/October issue, available nationwide on Aug. 12, 2014. According to Where to Retire,  Editor Annette Fuller said the eight cities offer boomers their dream retirement setting at a bargain […]

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Posted in Business news, Community development, National, Northeast Mississippi, Retirement, 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

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C Spire to include SEC Network on its digital HDTV service

C Spire announced that it will be carrying the SEC Network as part of its new digital HD TV service. The SEC Network launches Aug. 14.  Said C Spire: The addition of the SEC Network is part of comprehensive, multi-year distribution agreement between the National Cable Television Cooperative (NCTC) and the Walt Disney Company. C […]

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Posted in Business news, C Spire, National, Technology0 Comments

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Dollar Tree buying Family Dollar for a lot of dollars

Dollar Tree  is acquiring rival Family Dollar Stores in a deal that will create the largest operator of dollar stores in North America. The estimated $8.5 billion deal, a cash and stock transaction, is expected to close somewhere in 2015. The deal will create a business with more tun 13,000 stores in 48 states as well as […]

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Posted in Business news, Mergers & acquisitions, National, Retail News0 Comments

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