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Daily Archives: December 27, 2010

New security threat: Banks as information gatekeepers

By Ted Carter How far does the right to refuse service go? The New York Times posed this question in an editorial Sunday after Bank of America joined Visa, MasterCard and PayPal in refusing to accept payments designated as contributions to America’s newest villain – Wikileaks. Wikileaks has been busy leaking tens of thousands of classified documents on everything from ...

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Fitch places Whitney on 'Rate Watch Evolving' after merger

NEW ORLEANS — Fitch Ratings has placed Whitney Holding Corp.’s (WTNY) ratings including its respective ‘BBB’ and ‘F2’ long- and short-term Issuer Default Ratings (IDRs) on Rating Watch Evolving. The action follows the announcement that WTNY and Gulfport-based Hancock Holding Company (HBHC) have entered into a definitive merger agreement. While Fitch does not currently rate HBHC, Fitch believes the combined ...

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Cal-Maine sees sales rise, earnings fall

JACKSON — Cal-Maine Foods Inc., for the second quarter ended Nov. 27, 2010, saw net sales of $234.5 million, compared with net sales of $229.2 million for the same quarter of fiscal 2010. The company reported net income of $15.2 million, or $0.64 per basic share, compared with net income of $16.1 million, or $0.68 per basic share, for the ...

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Transportation officials release 'wish list'

WASHINGTON — The American Association of State Highway and Transportation Officials (AASHTO} has compiled a list of very distinct – and pressing – issues that loom at the local, state, and federal levels.   “We are urging Congress to write a balanced bill next year that meets the needs of preservation and new capacity, meets the needs of rural and ...

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