Mississippi Business Journal » stock market

TVA’s pension fund shortfall affecting ratepayers

Associated Press — Mon, 15 Oct 2012 13:33:12 +0000

NORTH MISSISSIPPI — A shortfall in the Tennessee Valley Authority’s pension fund is affecting electric ratepayers. The Chattanooga (Tenn.) Times Free Press reports TVA has added nearly $1.3 billion from customers to the find since 2008 when investment markets tanked. However, the federal utility didn’t add any money to the fund in 2012. CFO John [...]

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Motley Fool Writer LouAnn Lofton Q&A

Stephen McDill — Fri, 08 Jul 2011 20:20:51 +0000

JACKSON- LouAnn Lofton, Motley Fool writer and author of “Warren Buffett Invests Like A Girl” joins MBJ-TV via Skype Video to talk about her book. Part 1: Lofton talks about her personal and professional inspiration for the book as well as Warren Buffett’s reaction to the 2008 economic recession. Part 2: Lofton outlines her book’s [...]

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Callon completes public offering, nets $65.7M

Wally Northway — Thu, 17 Feb 2011 19:28:26 +0000

NATCHEZ — Callon Petroleum Company has closed its previously announced public offering of nine million shares of its common stock at a price to the public of $7.75 per share. Callon also granted the underwriters a 30-day option to purchase up to an additional 1.35 million common shares on the same terms and conditions to [...]

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More of the same from market

Lynn Lofton — Sun, 26 Dec 2010 06:00:43 +0000

The trend will continue to be no trend for the foreseeable future With the economy showing signs of recovery, many people are wondering what the stock market will do in 2011. “In our view, the economy should continue on a slowly improving path in 2011, although high unemployment and weak housing are likely to remain [...]

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Stocks climb after Citigroup tops forecasts

Associated Press — Mon, 18 Oct 2010 16:56:57 +0000

NEW YORK – An upbeat start to a busy week of earnings pushed stocks higher Monday. Citigroup Inc.’s better-than-expected results drove financial stocks higher, putting an end to a recent slide. The Dow Jones industrial average rose 36 points in midday trading. Citigroup said fewer of its customers defaulted on loans, an encouraging sign that [...]

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Oil prices higher as stock markets rise

Associated Press — Mon, 18 Oct 2010 16:33:13 +0000

NEW YORK – Oil prices on Monday bounced back above $82 a barrel, as stocks rose on encouraging earnings reports. Benchmark crude for November delivery rose $1.25 to $82.50 a barrel on the New York Mercantile Exchange. At the pump, gas prices leveled off at a national average of $2.832 for a gallon of regular, [...]

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Citigroup earns $2.15B as failed loans decrease

Associated Press — Mon, 18 Oct 2010 16:26:31 +0000

NEW YORK – Citigroup Inc., one of the largest banks in the world, reported its third straight quarter of profit Monday in another sign that the American consumer is healing. The New York bank, which is still 12 percent owned by the government, earned $2.15 billion, or 7 cents per share, in the three months [...]

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Stocks slide after jobs, inflation reports

Associated Press — Thu, 14 Oct 2010 16:58:10 +0000

NEW YORK – Stocks dipped Thursday after concerns about another disappointing report on jobs. But losses were held in check by expectations the Federal Reserve will act soon to strengthen the economy. The Dow Jones industrial average fell 32 points in midday trading. In recent months, a disappointing jobs report would have likely led to [...]

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Stock futures edge higher before jobs data

Associated Press — Thu, 14 Oct 2010 12:53:44 +0000

NEW YORK – Stock futures edged higher as investors avoided big moves before key reports on unemployment and inflation. Currency and gold trading was again a dominant driver of global financial markets Thursday. Traders sent the dollar lower because of expectations the Federal Reserve will start buying government bonds to try to stimulate the sluggish [...]

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Oil rises near $83 as investors look to Fed moves

Associated Press — Mon, 11 Oct 2010 12:40:16 +0000

Oil prices rose to near $83 a barrel Monday due to the weakening of the dollar and expectations that the U.S. central bank will soon move to bolster a spluttering economic recovery. By early afternoon in Europe, benchmark crude for November delivery was up 13 cents to $82.79 a barrel in electronic trading on the [...]

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