Archive | National

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

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

Natchez Trace Parkway had $138.9M economic impact last year

A new National Park Service report shows that 6 million visitors to the Natchez Trace Parkway in 2013 spent $138.9 million in communities near the Park.  This spending supported over 1,698 jobs in the local area. “The Natchez Trace Parkway extends 444-miles through 41 county and municipal jurisdictions in the states of Tennessee, Alabama and […]

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Posted in Business news, Natchez Trace Parkway, National, Northeast Mississippi, tourism, Tupelo0 Comments

New Albany coach, former Rebels’ star Stroud opens business

Former Ole Miss basketball star John Stroud, who now coaches the New Albany basketball team, recently opened a new Lapels Dry Cleaning franchise in the city. It’s the first Lapels in Mississippi. Here’s a press release: As a professional basketball player and now coach of the high school squad in New Albany, John Stroud knows a thing […]

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Posted in Business news, National, New Albany, New business, Northeast Mississippi0 Comments

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