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Study concludes state losing up to $122 million by not taxing remote sales

By BOBBY HARRISON / Daily Journal Mississippi lost between $105.6 million and $122.7 million in tax revenue in 2016 by people making remote purchases, such as through catalogs or on the internet, where they did not have to pay taxes, according to a new study by the University Research Center. Of that lost revenue, between $56.4 million and $67.8 million was ...

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US stock indexes edge higher in early trading; oil rising

U.S. stock indexes edged higher in early trading Thursday, extending gains a day after the Dow Jones industrial average closed above 20,000 for the first time. Energy stocks rose more than the rest of the market as the price of crude oil headed higher. Investors had their eye on the latest crop of company earnings. KEEPING SCORE: The Dow gained ...

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(WITH VIDEO) Dow hits 20,000 following solid open for US stocks

The Dow Jones industrial average crossed the 20,000 mark for the first time in early trading Wednesday, the latest milestone in a record-setting drive for the stock market. The other major U.S. stock indexes were also moving higher, led by banks and other financial companies, as investors pored over the latest batch of company earnings and deal news. KEEPING SCORE: ...

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US stock indexes edge higher in early trading; oil rises

Materials companies led U.S. stock indexes slightly higher in early trading Tuesday as investors sized up the latest round of company earnings news. Energy stocks also rose as crude oil prices headed higher. Phone companies and health care stocks lagged the broader market. KEEPING SCORE: The Dow Jones industrial average rose 5 points, or 0.03 percent, to 19,805 as of ...

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Dow erases gain for 2017 as stocks fall, bond yields climb

The Dow Jones industrial average erased its gain for the year on Thursday, part of a pullback for stock indexes as Treasury yields continued their upward march. KEEPING SCORE: The Dow Jones industrial average fell 109 points, or 0.6 percent to 19,696 as of 2:20 p.m. Eastern time. That puts the Dow down 0.3 percent for the year, though it’s ...

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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 Corp. announced Tuesday that it’s buying Metropolitan BancGroup for $190 million in stock. The Tupelo-based bank says acquiring Metropolitan’s $1.2 billion in assets will boost its market share, making it the fifth-largest bank in the metro areas of Memphis, Tennessee, and Jackson, Mississippi. Metropolitan has eight total offices, four in the Jackson area and two apiece in Memphis and ...

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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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