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Daily Archives: October 19, 2010

Dow drops below 11,000 as dollar rebounds

NEW YORK — A stronger dollar and a surprise interest rate hike in China that may slow that country’s economy helped push stocks sharply lower Tuesday. The Dow Jones industrial average fell below 11,000 for the first time in a little more than a week, reversing a streak that had pushed the index up nearly 7 percent for the year. ...

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University merger dead issue in 2011 session

JACKSON — Higher Education Commissioner Hank Bounds Jr. says he expects a proposal to merger or close some universities to have no support in the 2011 legislative session. Bounds spoke Monday with the editorial board of The Clarion-Ledger. “All you’ll hear is the sound of crickets chirping when ‘merger’ is brought up,” Bounds said. Gov. Haley Barbour proposed a merger ...

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UnitedHealth's 3Q profit rises 23 percent

INDIANAPOLIS — Insurer UnitedHealth Group Inc. said Tuesday its third-quarter profit jumped 23 percent, propelled in part by premium growth, enrollment gains and moderate health care use. The Minnetonka, Minn., managed care company also raised its 2010 profit expectation for the second time this year. It now expects earnings per share to range from $3.85 to $3.95, up from a ...

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Goldman Sachs earns $1.74B, easily tops forecasts

NEW YORK — Goldman Sachs Group Inc.’s earnings easily beat analysts’ forecasts again, but the bank saw a big slowdown in trading, its most profitable business. Net income after paying preferred dividends fell 43 percent from the year-ago period as revenue in the bank’s bond, currency and commodities trading division fell sharply. Goldman Sachs’ income fell to $1.74 billion, or ...

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JetBlue attendant who 'went postal' due for hearing

NEW YORK – The former flight attendant whose famous New York City meltdown landed him in court is scheduled for another hearing and may avoid jail time. Steven Slater was scheduled for a hearing Tuesday. He’s charged with criminal mischief, reckless endangerment and trespassing. The incident occurred Aug. 9 aboard a JetBlue Airways Corp. flight from Pittsburgh that had just ...

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Madison Co. lobbyist paid $75K annually to lobby Washington

CANTON — Madison County has expanded the duties of its lobbyist to include presenting local issues to the Mississippi Legislature. The Clarion-Ledger reports that the board of supervisors voted 4-1 Monday for a six-month contract for Jackson lawyer Steve Seale to push for local issues before state officials. He has been paid $75,000 annually to lobby in Washington, D.C. Seale, ...

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U.S. housing construction expanding

Source: The Wall Street Journal’s Market Watch WASHINGTON — New construction of U.S. houses expanded for the third straight month in September, the Commerce Department estimated Tuesday. Starts rose 0.3% in September to a seasonally adjusted 610,000 annualized units, much stronger than the 578,000 pace expected by economists surveyed by MarketWatch. This is the highest level of starts since April. ...

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By the numbers: MS congressional races

ACROSS MISSISSIPPI — Here’s a glance at Mississippi congressional campaign finance reports for money raised and spent through Sept. 30, according to the Federal Election Commission website Monday. Candidates’ reporting deadline was this past Friday. The most dramatic gap is the in the 2nd district, where Bennie Thompson has more than $2 million in cash on hand, while his opponent ...

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2010 Miss. state fair sets record

JACKSON — The 2010 Mississippi State Fair set an attendance record of 673,098, about 10,000 more than the former record set in 2005. The fair ended Sunday. Fair director Billy Orr tells The Clarion-Ledger that while numbers aren’t final, ticket sales netted around $3 million. Orr says good weather contributed to the attendance. Rain slowed attendance at last year’s fair ...

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Hinds Co. seeks federal funds to redevelop US 80

JACKSON — Hinds County is applying for a $400,000 grant from the federal government to help redevelop the U.S. 80 and Mississippi 18 corridors. The money from the Environmental Protection agency would assist crews in identifying land along the highways that is contaminated by industrial waste or other toxic matter. Blake Wallace, executive director of the Hinds County Economic Development ...

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