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US stock indexes drift higher in early trading

A board above the trading floor of the New York Stock Exchange.

U.S. stock indexes drifted between small gains and losses in early trading Thursday as investors weighed the latest batch of company earnings news. The market was coming off a two-day rally as investors’ anxiety about Britain’s vote last week to leave the European Union eased. Consumer and industrial companies were among the biggest risers. KEEPING SCORE: The Dow Jones industrial ...

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Regulators fine BancorpSouth $10.6 million for redlining

bancorpsouth

The Department of Justice and the Consumer Financial Protection Bureau fined Mississippi-based BancorpSouth $10.6 million, alleging the bank deliberately discriminated against minorities in its lending practices. BancorpSouth, a medium-sized regional bank with $10.6 billion in assets, deliberately avoided building branches in minority neighborhoods in Memphis, Tennessee from at least 2011 to 2013. The bank also denied loans to African Americans ...

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BREAKING: World stocks up as worries ease over Britain’s EU leave vote

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Global stocks rose sharply Wednesday as worries eased about the uncertainty that follows Britain’s vote to leave the European Union. The British pound also rose as talks got underway among European leaders on how to handle the situation. Britain’s benchmark stock index, the FTSE 100, was up 2.6 percent to 6,298. It has not suffered much because many of its ...

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Stocks, pound fall again due to UK vote uncertainty

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U.S. stocks indexes headed toward a sharply lower close in late-afternoon trading Monday, reflecting ongoing investor jitters over the fallout of Britain’s vote to leave the European Union. European stock markets extended their losses from Friday. The British pound, which last week plunged to its lowest level since 1985, continued to fall as traders expected the British economy would take ...

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MBJ takes 13 MPA awards as Carter wins again for investigative journalism

Staff writer Ted Carter won a first place in the investigative news category for his work on Ridgeland’s plan to displace thousands of apartment residents, many of whom are minorities. Because of his work, this issue has edged into the national spotlight. The judges commented, "Great serial coverage that brought attention to a big issue and seemingly had an effect on the outcome."

By ROSS REILY The Mississippi Business Journal won 13 awards, including three first place awards and finished third in General Excellence Saturday at the Mississippi Press Association’s Better Newspaper Contest in Biloxi at the Golden Nugget Hotel and Casino. The MBJ competed in the Weekly Division F category along with other weeklies in the MPA contest. Contest entries were from newspapers in Mississippi for work published in 2015. ...

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Byrd top mortgage banker

Margaret Byrd of The First, A National Banking Association, received the Mortgage Banker of the Year Award at the Mississippi Bankers Association Convention. Margaret previously owned and managed The Mortgage Connection and she is now Senior Vice President of Residential Mortgage Lending at The First. The Mortgage Connection was recently acquired by The First. Since 2001 the Mortgage Bankers Association ...

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Telco’s Miles earns degree

Alana Miles, Marketing Director for Mississippi Telco Federal Credit Union, recently received her Asian Confederation Development Educator degree from the Association of Asian Confederation of Credit Unions in Bangkok, Thailand. This program then allowed her to obtain the international designation, International Credit Union Development Educator. She is a graduate of Mississippi University for Women with a Bachelor’s Degree in Psychology. ...

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Staff changes at Renansant

Renansant Bank in Tupelo recently made several staff changes and promotions: Jason Beasley has been promoted to Senior Vice President/Corporate Relationship Officer. Beasley has been with Renasant Bank since 1993 and serves in the position of Senior Corporate Lender in Tupelo’s Corporate Banking Division. He attended Mississippi State University, graduating with a BBA in banking and finance. He also attended ...

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Thames new CNB president

Hampton D. Thames, a 27-year employee of Citizens National Bank, has been named President of its statewide franchise, which consists of 26 banks. Archie McDonnell, former president, will continue to serve the Bank as its Chief Executive Officer, as a member of the Bank’s Board of Directors, and Chairman of its Directors Loan Committee. He also serves on the Board ...

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Markets reel as world absorbs shock of UK vote for Brexit

british flag

» The Dow Jones industrial average dropped 611 points, or 3.4 percent, its biggest fall since August Britain has jumped. Now it is wildly searching for the parachute. The U.K.’s unprecedented decision to leave the European Union sent shockwaves through the country and around the world Friday, rocking financial markets, toppling Prime Minister David Cameron and even threatening the ties ...

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