Santa Fe shrinking
Posted on October 5, 2009 at 7:37 am
The bankrupt restaurant chain Santa Fe Holding has closed at least 10 of its almost 30 roadhouse-style eateries since filing to restructure its finances in July. In Columbus, Miss., things appear to have gone smoothly enough, but in Tuscaloosa, Ala., the process of winding up shop last week included some weapon brandishing that called for law enforcement intervention.
“He started running his mouth at me,” Pate said, “and that’s when I went to my truck and got my shotgun, requesting strongly that he should leave my property.”
SEE ALSO: Our July story on Santa Fe’s Chapter 11 filing
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PR shop lands Miss. contract
Posted on September 15, 2009 at 12:58 pmA Jackson, Miss. cosmetic surgery clinic has contracted with Deane Smith Media Innovations on its re-launch. Deane Smith was until last month known as Logic Media Group.
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Cadence: It’s all your fault, Nashville
Posted on July 23, 2009 at 9:28 am
Mississippi-based bank holding company Cadence Financial (Ticker: CADE) says it’s beefing up its special-asset staff to handle its large load of sour Middle Tennessee loans. In the banking equivalent of running to the hills, the bank slashed its local real estate portfolio by about $40 million in the second quarter.
Local C&D loans bite Cadence
Posted on April 22, 2009 at 7:43 amThough just two of its almost 40 branches are in the Nashville MSA, Missisissippi-based Cadence Financial (Ticker: CADE) says its Middle Tennessee loan portfolio is primarily responsible for its sorry first-quarter numbers. The company expects a per-share loss of $1.48; analysts had been expecting a loss of just 20 cents.
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CCA’s new facility brings out job hopefuls
Posted on April 21, 2009 at 10:12 amFrom the Natchez Democrat:
While CCA officials expect to hire approximately 400 workers to run the prison, more than 1,100 hundred turned up for CCA’s job fair Monday, Warden Vance Laughlin said.
“This has been an unbelievable turnout,” he said. “People are very excited about this.”
At approximately 3 p.m., the crowds had dwindled from the morning rush and those working the fair were preparing for the evening onslaught.
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Big federal contract for CCA
Posted on April 1, 2009 at 3:44 pmThe Federal Bureau of Prisons has awarded Corrections Corp. of America the management of more than 2,500 prisoners, a deal that’s likely worth more than $50 million a year. The Nashville-based company (Ticker: CXW) will house the inmates in Natchez, Miss., where it recently wrapped up a $128 million construction project.
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Company buys Memphis Captain D’s sites
Posted on March 17, 2009 at 2:47 pmSonfish, a company formed late last year, will take over 20 restaurants in Memphis and the surrounding region from a franchisee that filed for bankruptcy in ‘07.
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Essent kills Mississippi deal
Posted on March 12, 2009 at 11:03 amThe local hospital company has pulled out of talks to buy the bankrupt Natchez Regional Medical Center in Southwest Mississippi. The acquisition would have given Essent its sixth hospital.
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Report: Essent to buy Miss. hospital
Posted on February 20, 2009 at 8:16 amAfter a quiet 2008 following the late ‘07 exit of its CEO, local hospital operator Essent Healthcare is said to be mulling the purchase of a Southwest Mississippi hospital that has filed for bankruptcy protection.
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CHS in Medicaid border war
Posted on November 28, 2008 at 11:30 amCiting reimbursement issues, a Community Health (Ticker: CYH) hospital in Mississippi has stopped providing Medicaid care to residents of nearby Louisiana.
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