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Stocks up on hope of UK stimulus, eurozone Brexit resilience

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Stock markets turned higher on Friday after surveys suggested the eurozone economy is proving resilient to the uncertainty surrounding Britain’s Brexit vote. A big drop in business activity in the U.K. raised expectations of more central bank stimulus there. KEEPING SCORE: Britain’s FTSE 100 rose 0.4 percent to 6,728 and Germany’s DAX was up 0.1 percent to 10,163. France’s CAC ...

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BancorpSouth earnings dip but bank says settlement not a factor

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By JACK WEATHERLY BancorpSouth’s earnings dipped in the second quarter, but that had nothing to do with the lender’s $10.6 million fine for redlining certain minority neighborhoods of Memphis, it said in a release issued Wednesday night. Net income for the quarter ending June 30 was $34.7 million, or 37 cents per share, compared with $39.7 million, or 41 cents ...

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Mississippi sues landlords over Katrina loans gone bad

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Mississippi is going after landlords and would-be landlords who promised to fix up property after Hurricane Katrina for low- to moderate-income tenants but failed to abide by the terms of their forgivable loan agreements. The Sun Herald reports the Mississippi Development Authority has filed 65 lawsuits and so far recovered $630,000 in funds the U.S. Department of Housing and Urban ...

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Stock indexes listless, remain close to record levels

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Stock indexes were listless in midday trading Thursday after the European Central Bank held interest rates at record lows and a series of U.S. companies reported mixed earnings. KEEPING SCORE: The Standard & Poor’s 500 index was flat at 2,173 at 11:12 a.m. Eastern time. Through the morning, it has remained within 0.1 percent, up or down, of its record ...

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ANOTHER RECORD: US stocks led by gains in technology

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Stocks are closing higher on Wall Street, led by gains in technology companies after Microsoft reported surprisingly strong results. The gains Wednesday extended a winning streak for the Dow Jones industrial average and kept the market at record-high levels. Microsoft jumped 5 percent after the company reported big gains in its cloud computing services. That helped send other technology stocks ...

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US stock indexes pull back after a strong 3-week run

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Stocks are mostly lower in early trading on Wall Street Tuesday as a three-week rally that brought indexes to all-time highs loses momentum. Netflix and other companies reported disappointing results and the International Monetary Fund predicted a slowdown in the United Kingdom following its vote to leave the European Union. KEEPING SCORE: The Standard & Poor’s 500 index was down ...

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Stock indexes drift higher in midday trading on Wall Street

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U.S. stock indexes edged higher in midday trading Monday, holding at record levels, as investors looked past a failed military coup in Turkey. Technology stocks led the way. KEEPING SCORE: The Standard & Poor’s 500 index was up 5 points, or 0.2 percent, to 2,167 as of 11:23 a.m. Eastern time. The Dow Jones industrial average rose 31 points, or ...

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Prather joins Community

Vic Prather has been named Vice President of Information Security for Community Operations, Inc. He joins Community Bank with over nine years of experience in banking, most recently from PriorityOne Bank in Magee. Prather will be responsible for Information Security, Corporate Security and Disaster Recovery, as well as, serving on committees related to IT and Risk Management. Prather, a native ...

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Telco wins Advocacy Award

Courtesy of Mississippi Telco
Mississippi Telco Federal Credit Union President/CEO Kevin Long (left) accepts the Advocacy Award from Mississippi Credit Union Association President/CEO Charles Elliott.

Mississippi Telco Federal Credit Union in Pearl has been honored as one of only 17 credit unions in Mississippi that earned an Advocacy Award, which recognizes credit unions for efforts to protect, strengthen and expand credit unions and improve the lives of members. The Mississippi Credit Union Association is the state trade association for 81 credit unions that serve more ...

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Pierce named to Hall of Fame

Mississippi Telco Federal Credit Union Director Joe Pierce was recently inducted into the Mississippi Credit Union Hall of Fame. Created in 1993, the Mississippi Credit Union Hall of Fame is the state’s highest credit union honor, recognizing individuals who have devoted their lives to the philosophy and success of credit unions at the local, state or national level. Pierce achieved ...

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