Marina auctioned for $930K
PASS CHRISTIAN -- Sunset Landing Marina and Dry Storage sold Tuesday at a bank-ordered auction for $930,000.
The winning bid came from an unidentified man from Louisiana, said Jonathan White, spokesman for The National Auction Group of Gadsden, Ala., which conducted the auction. He said 13 bidders from four states attended, along with about 150 spectators. Once the bidding reached $900,000, the sale was converted to an absolute auction. With the 10 percent buyer's premium, the sale totaled $1,023,000, White said. The marina, completed in 2013, has 514 feet of water frontage along Bayou Portage on the Bay of St. Louis.
DOE set to OK $6.5 billion for Georgia nuke plant
WASHINGTON -- The Energy Department is poised to approve $6.5 billion in lending for two nuclear reactors under construction in Georgia.
Energy Secretary Ernest Moniz is expected to announce the deal at a speech in Washington today, a day before he visits the $14 billion Vogtle nuclear plant being built by Southern Co., parent company of Mississippi Power, and several partners about 30 miles southeast of Augusta.
Government officials familiar with the deal confirmed its details Tuesday. They asked not to be identified because the deal has not been made public.
The twin-reactor plant is the first new nuclear power construction undertaken from scratch in three decades. The Energy Department tentatively approved an $8.3 billion loan guarantee for the project in 2010.
Coca-Cola's profit slips as US soda sales flag
NEW YORK -- Coca-Cola says its profit fell in the fourth quarter as it sold less soda in North America.
Global sales volume rose 1 percent, helped by stronger overseas results. In North America, it said soda volume fell 3 percent while noncarbonated drinks rose 4 percent. For the three months ending Dec. 31, Coca-Cola Co. earned $1.71 billion, or 38 cents per share.
Not including one-time items, it earned 46 cents per share, in line with Wall Street expectations.
US homebuilder confidence sinks
U.S. homebuilders' confidence in the housing market declined sharply as the severe weather battering much of the nation keeps many would-be buyers at home.
The National Association of Home Builders/Wells Fargo builder sentiment index slid to 46. That's down from January's reading of 56 and is the lowest level since May.
-- Staff, wire reports