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Mississippi governor: Time to consider starting a lottery

Gov. Phil Bryant told lawmakers in his State of the State speech Tuesday night that it might be time for Mississippi to create a lottery as a way to generate revenue without raising taxes. His proposal was met with only a smattering of applause. Mississippi is one of six states without a lottery, according to the National Conference of State ...

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US stock indexes mixed; bond yields and dollar climb again

U.S. stock indexes were mixed in a listless morning of trading Wednesday, while bond yields and the dollar moved higher again. KEEPING SCORE: The Standard & Poor’s 500 index was up 2 points, or 0.1 percent, to 2,270 as of 10:35 a.m. Eastern time. The Dow Jones industrial average was down 3 points, or less than 0.1 percent, to 19,824. ...

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Renasant to buy Metropolitan Bank for $190M, boost assets more than $10B

Renasant Corporation (the “Company”) (NASDAQ:  RNST), the parent company of Renasant Bank (“Renasant”), and Metropolitan BancGroup, Inc., the parent company of Metropolitan Bank (“Metropolitan”), jointly announced today the signing of a definitive merger agreement pursuant to which Metropolitan will merge with and into Renasant in an all-stock transaction currently valued at approximately $190.2 million. The proposed merger has been approved unanimously by ...

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WESLEY McGREW — Being a “compliant” victim of cybercrime

When I discuss cybersecurity with business leaders, the most common misconception I see involves the role of security compliance. In my last column, I described the reality of cybercrime, a wild frontier of advanced attackers that can critically damage your business with impunity. In this dangerous environment, it’s important to realize that compliance alone will not protect you. Recently, the ...

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Cal-Maine profits take major hit thanks to lingering effects of flu

By JACK WEATHERLY Cal-Maine Foods dodged the avian flu outbreak that reduced the nation’s egg production in 2015 by 10 percent. Yet the Jackson-based firm, the largest producer of shell eggs in the United States, continues to deal with the ripples caused by the influenza Net sales for the company’s second fiscal quarter, which ended Nov. 26, were $253.5 million, ...

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World Bank forecasting brighter prospects for 2017

The World Bank is forecasting the global economy will accelerate slightly in 2017 after turning in the worst performance last year since the 2008 financial crisis. The 189-nation lending agency said Tuesday that the global growth should expand at a 2.7 percent annual rate this year. That is down from the bank’s June forecast for 2.8 percent growth this year, ...

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US stock indexes shift mostly higher in afternoon trading

Health care companies led the major U.S. stock indexes mostly higher in afternoon trading Tuesday, as the market gave up some of its gains from earlier in the day. Consumer goods and financial stocks also rose, while real estate companies were the biggest laggard. Crude oil prices headed lower. KEEPING SCORE: The Dow Jones industrial average slipped 27 points, or ...

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Analysis: Mississippi lawmakers face gaps in current budget

Mississippi lawmakers’ biggest task every session is writing a state budget for the coming year. A smaller but equally important task is deciding whether to fill budget gaps for the current year. The Legislative Budget Office says agencies have submitted $101.1 million in deficit requests for fiscal 2017, which ends June 30. That is 1.6 percent of the state-funded portion ...

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US stocks modestly lower in early trading; oil prices slide

U.S. stock indexes edged mostly lower in early trading Monday, led by declines in energy companies. Oil and gas companies fell the most as the price of crude oil headed lower. Materials stocks notched the biggest gain. Investors had their eye on the latest company earnings and deal news. KEEPING SCORE: The Dow Jones industrial average fell 52 points, or ...

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US indexes drift in early trade; department stores nosedive

Department stores dominated the news Thursday morning as Macy’s and Kohl’s both plunged following weak holiday-season reports that led the chains to cut their profit forecasts. Macy’s also said it will eliminate 10,000 jobs as it continues to close stores. Sears jumped after it said it will close 150 stores and sell its Craftsman tool brand. Overall, stocks were only ...

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