TUPELO — BancorpSouth Inc. has filed its Annual Report on Form 10-K for the year ended Dec. 31, 2009, with the Securities and Exchange Commission. As previously announced, the delay in filing the annual report resulted from management’s determination, in consultation with BancorpSouth’s independent registered public accounting firm and with the concurrence of the Audit [...] [...]
PURCHASE, N.Y. — PepsiCo says it will buy back up to $15 billion shares of its common stock through June 2013.
The world’s second-biggest soft drink seller previously said today it expects to repurchase about $4.4 billion shares this year.
PepsiCo also says it’s boosting its annual dividend by 7 percent to $1.92, likely starting on June [...] [...]
BALDWYN — Craft and fabric retailer Hancock Fabrics reports net income of $1.8 million for fiscal 2009 — its first annual profit in five years.
The company had lost $114 million over the previous four years, including $12.4 million in fiscal 2008. It came out of Chapter 11 protection from its creditors [...] [...]
TOWSON, Md. — Shareholders have approved a nearly $3.5-billion stock buyout, clearing the final hurdle for Stanley Works to acquire Black & Decker.
The two are set to form a new company called Stanley Black & Decker, and become the nation’s largest toolmaker, at the end of business on Friday, according to regulatory filings submitted to [...] [...]
NATCHEZ — Callon Petroleum Company reported fourth quarter net income of $53.9 million, or $2.27 per share, compared to a net loss of $457.5 million, or $21.19 per share, for the 2008 fourth quarter.
For the year ended December 31, 2009, Callon’s net income was $54.4 million, or $2.45 per share, compared to a 2008 net [...] [...]
NEW YORK — Stock futures rose Monday following AIG’s biggest asset sale since being rescued by the government and reports of a new bailout package for Greece.
Investors are also preparing for a key report on the manufacturing sector.
Overseas markets rallied on growing hope that European nations will announce a bailout [...] [...]
DETROIT — The former head of Kmart Corp. has been ordered to pay more than $10 million for misleading investors about the retailer’s health before it sought bankruptcy court protection in 2002.
U.S. Magistrate Judge Steven Pepe (Payp) released a 70-page decision Thursday, nearly nine months after Charles Conaway was found liable in a civil trial [...] [...]
NEW YORK — Wall Street bonuses were up 17 percent to over $20 billion in 2009, the year taxpayers bailed out the financial sector after its meltdown, New York state Comptroller Thomas DiNapoli said today.
Total compensation at the largest securities firms grew beyond that figure and profits could surpass what he calls an unprecedented $55 [...] [...]
NEW YORK — Stocks retreated in morning trading Friday after the Federal Reserve said it raised the interest rate it charges banks for emergency loans.
The Fed said its action should not be seen as a sign that it will soon raise rates for consumers and businesses. But the stock market, which tends to trade on [...] [...]
NEW YORK — U.S. stock futures rose modestly today as investors bet a new round of economic reports will provide further evidence of a rebound.
Overseas markets rose following upbeat earnings in Europe from companies including French bank BNP Paribas.
Investors turned their attention from concerns overseas to domestic growth Tuesday, and sent stocks sharply higher. Two [...] [...]
