by Associated Press Published: August 29,2011
SANDERSVILLE — Although the Mississippi Band of Choctaw Indians said in May that profits from its casino had paid off its $18 million construction costs at its Bok Homa casino in Jones County, financial documents show that the tribe used a $10-million line of credit to help pay that cost. A campaign flier from Beasley [...] [...]
by Wally Northway Published: February 21,2011
Tags: credit
ATLANTA — CredAbility, one of the leading nonprofit credit counseling and education agencies in the United States, today released the CredAbility Consumer Distress Index results for the 2010 fourth quarter, and Mississippi posted the second-worst score. The Index, a quarterly measure that tracks the financial condition of the average U.S. household, found that rising stock [...] [...]
by Wally Northway Published: December 28,2010
Tags: credit, debt, electricity, energy, utilities
ATLANTA — Fitch Ratings has revised the rating outlooks of the parent company of Mississippi Power, Southern Company (Southern; Fitch Issuer Default Rating [IDR] of ‘A’), and its subsidiary, Georgia Power Company (GPC; IDR of ‘A’) to “stable” from “negative.” In addition, the ratings of both issuers are affirmed. Fitch said: “The revision of Southern’s [...] [...]
by Wally Northway Published: November 17,2010
Tags: consumer confidence, credit, debt
ACROSS MISSISSIPPI — CredAbility has released the CredAbility Consumer Distress Index results for the 2010 third quarter. And Mississippi consumers nearly top the index. The index, a quarterly measure that tracks the financial condition of the average U.S. household, found that the incremental improvements in consumer financial health in the first half of 2010 have [...] [...]
by Wally Northway Published: October 5,2010
Tags: banking and finance, credit, debt
WASHINGTON – Consumer loan delinquencies generally improved in the second quarter of 2010, as bank card, home equity loans, and auto loans all showed improvement according to the American Bankers Association’s Consumer Credit Delinquency Bulletin. The results were not as broadbased as the previous two quarters and, as a result, the composite ratio, which tracks delinquencies [...] [...]
by Associated Press Published: September 20,2010
Tags: banking and finance, credit, loans
NEW YORK — Credit card company Discover Financial Inc. says third-quarter net income fell, but profits in the year-earlier period received a big boost from a lawsuit settlement. Net income was $258.2 million, or 47 cents per share. That compares with $552.9 million, or $1.07 per share, last year, which included a $287 million settlement [...] [...]
by Wally Northway Published: September 2,2010
Tags: credit, debt, economy, manufacturing, railroads, retail
Columbia, Md. — The trend in data this past week was hardly encouraging, resulting in another chorus of pronouncements regarding an imminent return to recession. The housing market remains in the doldrums, GDP numbers were revised down in reaction to the worsening trade deficit numbers and there was a decline in the markets. In the [...] [...]
by Wally Northway Published: August 27,2010
Tags: consumer spending, credit, debt, economy
ATLANTA — CredAbility has released the CredAbility Consumer Distress Index results for the 2010 second quarter, and the news is not good for Mississippi. The index, a quarterly measure that tracks the financial condition of the average U.S. household, finds that high levels of unemployment and the strain of housing costs continue to keep consumers [...] [...]
by Associated Press Published: August 26,2010
Tags: banking and finance, consumer spending, credit, credit cards, loans
NEW YORK — The amount consumers owed on their credit cards dropped to its lowest level in eight years, as cardholders continued to pay off balances in the uncertain economy. The average combined debt for bank-issued credit cards — those with a MasterCard or Visa logo — fell to $4,951 in the second quarter, down [...] [...]
by Wally Northway Published: August 3,2010
Tags: consumer spending, credit, debt, economy, factory orders
COLUMBIA, Md. — July’s Credit Managers’ Index (CMI) continued to show that the economy as a whole is stuttering. The overall index remains above 50, but not by much, and these levels have not been seen since late last year when the index was down to 52.9 in December. As recently as April, the combined [...] [...]
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