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Trustmark reports earnings up for third quarter

  MBJ staff and wire services Trustmark Corp. reported on Tuesday net income of $31 million, or 46 cents per common share, in the third quarter of 2016, compared with $28.4 million, or 42 cents, a 9 percent increase, a year earlier. The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was ...

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US stocks tick lower as industrial companies skid

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U.S. stocks are edging lower Thursday morning as industrial companies like defense contractor Raytheon fall. Bond yields are jumping and investors are selling utility and real estate companies. Chipmaker Qualcomm said it will buy competitor NXP Semiconductors for $38 billion. KEEPING SCORE: The Dow Jones industrial average lost 17 points, or 0.1 percent, to 18,182 as of 10:38 a.m. Eastern ...

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Global stocks hit by gloom on Wall Street, lower oil prices


Global stock markets fell on Wednesday after some disappointing earnings reports and as a drop in oil prices dragged down shares in energy companies. KEEPING SCORE: The FTSE 100 of Britain dropped 1 percent to 6,949 while Germany’s DAX fell 1 percent as well, to 10,649. The CAC 40 in France lost 0.8 percent to 4,506. Dow and S&P futures ...

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Stocks slip as earnings hit consumer companies

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U.S. stocks are slipping Tuesday as corporate earnings dominate the news and consumer companies like athletic apparel maker Under Armour and appliance maker Whirlpool absorb their largest losses in years. However strong results for household goods maker Procter & Gamble are sending its stock higher. KEEPING SCORE: The Dow Jones industrial average shed 47 points, or 0.3 percent, to 18,176 ...

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Global stocks up on strong Japanese, European data

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Stock markets had an upbeat start to the week after stronger-than-expected economic data from Japan and the eurozone. Attention is likely to focus this week on Friday’s release of U.S. growth data, as investors adapt to expectations the Federal Reserve will hike interest rates in December. KEEPING SCORE: Germany’s DAX gained 0.9 percent to 10,808 and France’s CAC40 was up ...

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BILL CRAWFORD: Individual taxpayers should be wary of tax reform schemes


  Legislative leaders brought in an outside expert from the Tax Foundation to push the theory that Mississippi needs to make its business taxes more competitive. She argues lower business taxes, offset by higher user fees, property taxes and expanded sales taxes, will make Mississippi more competitive for business and jobs.    While this approach may make the state more ...

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BancorpSouth net income for third quarter up

  By Jack Weatherly BancorpSouth Inc. reported net income of $37.8 million, or 40 cents per share for the third quarter, compared with net income of $34.3 million, or 36 cents per share a year earlier. Net operating income was $36.7 million, or 39 cents a share, one cent lower than the consensus reported by Zacks. Net operating income for ...

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World stocks drift as investors factor in Fed rate hike


World stock markets drifted Friday as investors increasingly factored in a U.S. interest rate increase soon, based on the brightening corporate and economic outlook. KEEPING SCORE: France’s CAC 40 edged down 0.2 percent to 4,531 and Germany’s DAX was flat at 10,699. Britain’s FTSE 100 ticked 0.3 percent higher to 7,048. U.S. stocks were poised to open lower, with Dow ...

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First Bancshares plants flag in Florida, Louisiana with new acquisitions

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By TED CARTER Hattiesburg’s First Banshares first envisioned a market that stretched from Baton Rouge to Pensacola seven years ago. The $1.2billion holding company parent of The First reached that goal last week with agreements to acquire Iberville Bank in a cash deal and Gulf Coast Community Bank in an all-stock transaction. The acquisitions carry a value of $33.3 million, with ...

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Renasant income up 42.9 percent for third quarter


MBJ Staff Tupelo-based Renasant Corp. announced net income for the third quarter of 2016 was $23.2 million, or earnings per share of 55 cents, an increase of 42.9 percent from $16.2 million, or 40 cents, a year earlier. The bank said on Thursday that its balance sheet and results of operations include the impact of the its acquisition of KeyWorth Bank ...

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