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Gov. Bryant places priority on reserves in his budget plan

By BOBBY HARRISON Gov. Phil Bryant is placing a priority on restoring state reserve funds in his budget proposal for the upcoming fiscal year, which starts July 1. The second-term Republican governor broke with the tradition of holding a news conference to release his budget proposal and did so instead Tuesday morning via social media. In defending his proposal to ...

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Trustmark Corporation and RB Bancorporation announce definitive merger agreement

  Trustmark Corporation (NASDAQ:TRMK) (“Trustmark”) and RB Bancorporation announced today the signing of a definitive agreement pursuant to which RB Bancorporation would merge into Trustmark. RB Bancorporation, with assets of $210 million, is the holding company for Reliance Bank, which has seven offices serving the Huntsville, Alabama MSA. Under the terms of the definitive agreement, which has been approved unanimously ...

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Rankin Co. school superintendent, board discuss bond issue

Officials with the Rankin County School District are hoping the second time will be the charm, with a bond issue slated for early March. Five years ago a $169.5 million bond issue was rejected. Fifteen years have passed since voters last approved a bond issue, with more than 80 percent signing off on a $69 million proposal. A final plan ...

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Analysis: Mississippi tightens bond rules for long-term debt

Don’t take on long-term debt to cover day-to-day expenses. Don’t use credit to buy stuff that will wear out before it’s paid off. It’s advice many parents give their soon-to-be adult children. And, in a nutshell, it’s what the Mississippi Bond Commission says in rules it recently adopted. The rules were written partly in response to a $308 million bond ...

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US stocks move higher as banks surge with bond yields

Bank stocks are climbing Monday morning as bond yields continue to rise. Bond yields are climbing to their highest levels this year, which points to higher interest rates and bigger profits for banks from lending money. Investors have been selling bonds, pushing yields higher, as they expect the spending plans of president-elect Donald Trump to lead to higher inflation. The ...

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Stocks mixed as investors seek clarity on Trump policies

Global stocks were mixed on Friday and the dollar steadied, as investors sought greater clarity on the upcoming economic policies of President-elect Donald Trump. KEEPING SCORE: France’s CAC 40 fell 0.7 percent to 4,498, while Germany’s DAX was up 0.3 percent at 10,661. Britain’s FTSE 100 shed 1 percent to 6,761. U.S. shares appeared headed for a weaker open a ...

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Trump rally in stock markets still has legs

The rebound in share prices around the world following the election of Donald Trump as the next U.S. president continued Thursday, with Asia partaking in the gains and the dollar rising further. The market mood has turned around dramatically since the immediate aftermath of Trump’s victory, which prompted widespread selling Wednesday in Asia. On Thursday, Asian shares posted hefty gains ...

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Adams County officials agree to pay missing retirement funds

Adams County supervisors have agreed to pay retirement benefits to former hospital employees. The Natchez Democra reports that the Adams County Board of Supervisors agreed on Monday to pay the Mississippi Public Employee Retirement System nearly $450,000. The decision has come two years after the Natchez Regional Medical Center filed for bankruptcy and missed payments to PERS. Medical center employees ...

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Fitch puts stable outlook on state bond refinancing

Ratings agency leaves ‘negative’ outlook in place for other debt   By TED CARTER Successful refinancing of $226.5 million in general obligation bonds in the next few days could erase a $14 million debt-service deficit legislators failed to address in their last session. The refinancing would apply to general obligation bonds issued in previous years. The state’s hopes for a ...

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