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Banking & Finance

US stocks near highest in a year on strong June jobs report

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Stocks are rising Friday afternoon following a U.S. jobs report that was much stronger than expected. That was a relief for the market after a weak report for May made some investors worry the U.S. economy is slowing down. Stocks are on track for their highest finish in almost a year. KEEPING SCORE: The Dow Jones industrial average surged 249 ...

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MacKenzie recognized

Stuart MacKenzie of Kosciusko, a Private Wealth Advisor with Ameriprise Financial, has qualified for the company’s Circle of Success annual recognition program and will be honored for this achievement in 2016. To earn this achievement, he demonstrated exceptional commitment to financial planning and superior client service. Only a select number of high-performing advisors earn this distinction.

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Global stocks rise as central banks counter UK turmoil

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Global stocks mostly rose Friday as authorities stepped in to ease the uncertainty surrounding the British vote to leave the European Union. Investors flocked to equities in the face of narrowing choices for investments amid low or negative interest rates on many bonds. KEEPING SCORE: Britain’s FTSE 100 was up 0.5 percent at 6,537 and Germany’s DAX added 0.3 percent ...

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Taking the longer view on Brexit impact on Mississippi

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By JACK WEATHERLY The United Kingdom’s decision to leave the European Union shook up world stock markets and sent the British pound plummeting. But the longer view seems to be the relevant thing to do with regard to Mississippi. The UK is one of Mississippi’s import partners, though not one of the biggest, ranking 17th in 2015 in terms of value ...

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LAW ELEVATED — Getting your company in shape for sale

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How does a business owner prepare his or her company for sale? What steps in preparing for a sale are most important? When should preparations for sale begin? Is it worth the cost? These questions often vex business owners as they first consider a potential sale. While there is no one-size-fits-all approach, there are basic precepts to consider before beginning ...

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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

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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 from at least 2011 to 2013. The bank also denied loans to African-Americans and other ...

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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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