Biz+Tech

Justice Dept. Announces $17B Settlement With BofA

The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday.

NUTS Seeks Help, Lou's Comes to Belhaven and Kemper Begins Operations

NUTS (Neat Used Things for Sale), a fundraising store for the Good Samaritan Center located at 114 Millsaps Ave., sustained massive flood damage when more than a foot and a half of water entered the store during the torrential rains last Sunday.

Dollar General Enters Bidding for Family Dollar

Dollar General isn't about to be left out in the cold. The discounter is starting a bidding war for Family Dollar with an approximately $8.95 billion offer as it attempts to trump a Dollar Tree bid.

New Salvation Army Store, The Bleau Print Project

Marissa Simms, Mississippi's SBA Entrepreneur of the Year and the owner of Royal Bleau Boutique (1100 JR Lynch St., Suite 8), founded the Bleau Print Project to help cultivate entrepreneurship.

Record of a Nightmare: A Review of ‘Yume Nikki’

About 10 years ago, a little game called "Yume Nikki" showed up on Japan's largest message board, 2channel.

Hearing Again Delayed on Miss. Power Kemper Costs

Utility regulators are again delaying hearings on whether Mississippi Power Co. should be able to get customers to pay for its Kemper County power plant.

JRA Restarts Convention Center Bids, Gannett Splits, MUW Business Grant

Gannett Co. Inc., parent company of The Clarion-Ledger and many other media outlets, announced today that the company will split into two separate publicly traded companies, with one controlling Gannett's broadcasting and digital business and the other controlling its publishing business.

Kemper Coal Plant Legal Battles Over

Six years of legal wrangling over the Kemper County coal-fired power plant, now under construction in eastern Mississippi, drew to an end today with the announcement of a settlement between Mississippi Power Co., which is building the plant, and the Sierra Club.

Wine Spectator Honors Local Restaurants, Two Franchises Open

Recently, Wine Spectator honored a number of restaurants in Mississippi with its 2014 Restaurant Awards, which highlight the eateries around the globe that offer the best wine selections.

Dollar Tree Steps Up Fight, Buys Family Dollar

Dollar Tree said Monday it is buying rival discounter Family Dollar for $8.5 billion, significantly broadening its reach as it looks to fend off Wal-Mart, which has been stepping up its courtship of lower-income customers.

Obama Wants Limits on US Company Mergers Abroad

President Barack Obama is tapping into growing misgivings about tax-driven overseas mergers by U.S. corporations, issuing a new call to end the practice quickly and questioning the patriotism and citizenship of those companies.

July Brings New Medical Developments to Jackson

UMMC was one of four medical centers in Mississippi to be recognized as "Most Wired" in the study. Others included St. Dominic Hospital in Jackson and North Mississippi Health Services in Tupelo.

Mississippi Jobless Rate Rises to Worst in Nation

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.

Nissan: Part of New Supplier Park to be Complete this Year

Officials with Nissan North America's Canton assembly plant said that part of a supplier park, which the company broke ground on in 2013, is scheduled to be completed by the end of the calendar year.

Microsoft to Cut Up to 18,000 Jobs Over Next Year

Microsoft announced the biggest layoffs in its history Thursday, saying it will cut up to 18,000 jobs or 14 percent of its staff as it works to cut down on management layers and integrate the Nokia cellphone business it bought in April.

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