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By DENNIS SEID / Daily Journal BancorpSouth Inc. is dissolving its bank holding company, merging its operations with its banking subsidiary, BancorpSouth Bank. BancorpSouth will remain a publicly traded company, continuing to be listed on the New York Stock Exchange under its current symbol, BXS. Most banks have bank holding companies, or BHCs, which allow …

By JACK WEATHERLY Caterpillar Inc. announced Thursday that it will shut down its Oxford plant and eliminate 240 jobs. The shutdown will take 12 to 18 months and will not affect the Peoria, Ill.-based  heavy-equipment manufacturer’s operations in Corinth and Booneville, said spokeswoman Rachel Potts. It is part of a restructuring announced in September in which …

NEW BRUNSWICK, N.J. — Johnson & Johnson expects to cut about 3,000 jobs over the next two years as the health care conglomerate works to restructure its medical devices business. The New Brunswick, New Jersey, company says that amounts to more than 2 percent of its global workforce of around 127,000 people and 4 percent …

COLUMBUS — Struggling biofuel maker KiOR, deeply in debt to the state of Mississippi and others, says it has hired an investment bank to try to sell or restructure the company. KiOR, based in Pasadena, Texas, announced it had hired Guggenheim Partners in a yesterday stock filing. KiOR’s cash level is unclear, but the company …

SENATOBIA — Sport-Haley Holdings has completed its $3.45 million purchase of furniture maker Chromcraft Revington. The company, which is based in West Lafayette, Ind., has a factory in Senatobia. Apparel maker Sport-Haley of Denver paid $2.7 million, and has promised to pay another $750,000 when Chromcraft’s plant in Delphi, Ind., is sold or mortgaged, or …

Megan Bailey is the new director of marketing and business development at Northpark Mall. Most recently, Bailey oversaw restructuring and branding of two longstanding urban radio stations in Indianapolis, Ind., as the director of promotions for Radio One Inc. She also spent five years as event manager for the Indiana Convention Center & Lucas Oil …

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KOSCIUSKO — First M&F Corporation’s subsidiary, Merchants and Farmers Bank, has launched Project McKinley, a comprehensive strategic performance initiative including a branch consolidation plan that will result in the reduction or sale of six branches. The move comes as M&F seeks to improve efficiencies in preparation for navigating through current uncertain economic times and future …