Veteran U.S. Senator Thad Cochran of Mississippi narrowly defeated challenger Chris McDaniel in a runoff election.» Read More
WASHINGTON— More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
Omega Protein spokesman Ben Landry said it happened about 9:30 a.m. while employees of a subcontractor were working on two storage tanks and one of the tanks blew up. Jackson County Coroner Vicki Broadus identified the dead worker as Jerry Lee Taylor II, 25, of Mobile, Alabama. Injured were Josh Walls, 34, of Escatawpa; Clay Davis, 40; and Lloyd McGill of Gautier.
NATCHEZ, Miss.— Great River Industries will expand in Natchez, Miss. and move its corporate headquarters there from Memphis, Tennessee, creating 25 jobs. Great River Industries makes storage tanks and industrial pressure vessels from steel plate.
JACKSON, Miss.— Mississippi merchants and shoppers are gearing up for the fifth annual back-to-school sales tax holiday. Mississippi's sales tax holiday starts Friday at 12:01 a.m. and ends Saturday at midnight. As in previous years, shoppers can save 7 percent on certain clothes and shoes that cost $100 or less per item.
JACKSON, Miss.— Gambling revenues tumbled in Mississippi's river region in the first month after Harrah's Tunica Hotel& Casino closed, but the overall downward trend didn't worsen much. Meanwhile, Gulf Coast casinos posted their best June in years, winning enough that overall state casino revenues actually rose from June 2013, though by less than 1 percent.
New Mexico, Nevada, Louisiana and Arizona round out the bottom five states. Tennessee was one of five states that showed the biggest improvements in the last year, moving from 39th to 36th. In education, a focus of major reform in Tennessee the last few years, the state improved from 42nd to 37th.
Microsoft makes design central to its future. Before Ralf Groene helped devise the look and feel of Microsoft's Surface tablet, he designed food— or "food concepts," he says, such as dried noodles that come wrapped around a pair of chopsticks and a fork that squeezes out sauce.
JACKSON, Miss.— Company officials say Mississippi's Margaritaville Casino& Restaurant will close on or before Sept. 19. The company reported 359 employees to the Mississippi Gaming Commission at the end of March. The casino opened in May 2012 and is the newest of 12 along Mississippi's Gulf Coast.
NEW YORK— 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. Steel Dynamics Inc. said Monday that it will pay about $1.63 billion for Severstal Columbus, which is located in northeast Mississippi.
The anti-tax Club for Growth Action last month had its second best fundraising haul this election cycle as it raised money to pour into Chris McDaniel's bid to deny incumbent Republican Thad Cochran a seventh term in the Senate.
RENO, Nev.— A Utah company's cancellation of an annual fun run featuring a muddy, foamy obstacle course has left participants out of money in Nevada, Oregon and other states. Registered runners for the 5 K Foam Fest set for Aug. 2 in Reno received an email Thursday from Spanish Fork, Utah- based Round House Racing saying it went out of business and the event was canceled.
ATLANTIC CITY, N.J.— The rapid disintegration of Atlantic City's casino market might be an early indicator of what could happen in other parts of the country that have too many casinos and not enough gamblers. James Whelan, a former Atlantic City mayor.
Louisiana's unemployment rate was 6.4 percent in June 2013. Both sets of figures— adjusted to cancel out normal seasonal changes— were released Friday by the U.S. Labor Department.
JACKSON, Miss.— Mississippi's unemployment rate rose to worst in the nation at 7.9 percent in June, as the state's economic recovery lags behind others. Phil Bryant, who has made economic development a central focus, acknowledged the poor figure but said Mississippi's economy has improved since he took office.
WASHINGTON— Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. North Dakota, benefiting from an oil and gas drilling boom, has created nearly 98,000 jobs over the past five years, a 27 percent increase-- by far the best in the country.
PROVIDENCE, R.I.— Rhode Island's unemployment rate of 7.9 percent is now tied for the worst in the country with Mississippi. Rhode Island has had the highest rate in the U.S. for months. The state Department of Labor and Training reported Thursday that the Rhode Island rate fell three-tenths of a percentage point from May to its lowest level since July 2008.
LAS VEGAS— Nevada's jobless rate has dipped to its lowest level in nearly six years, dropping from 7.9 percent in May to 7.7 percent in June as the state saw an 11th month of job gains. "Although this positive news is welcomed, we must remain vigilant in our economic development efforts to continue moving Nevada forward."
MONTGOMERY, Ala.— Alabama is the only state with a higher unemployment rate for June than a year earlier, the U.S. Bureau of Labor Statistics reported Friday. Alabama's unemployment stayed the same from May to June at 6.8 percent. Alabama recorded 6.5 percent in June 2013.
LONDON, July 10- Fossil fuels will remain an indispensable part of the global energy supply for at least the next 50 years, so a means must be found to burn them without pumping carbon dioxide into the atmosphere.
July 9- State Street Corp has reached $70 million in settlements to end three lawsuits claiming it inflated its share price by overcharging clients on foreign exchange services and falsely representing that its investments in mortgage-backed securities were safe.