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Tag Archives: australia

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

Stocks 4

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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Gov. Bryant touts benefits of 12-nation free-trade agreement

Phil Bryant

By JACK WEATHERLY  Gov. Phil Bryant says he hopes that the Trans-Pacific Partnership will be approved because he believes it will enhance Mississippi exporting. “I hope it’s approved, and I hope that we’re a strong part of it,” Bryant said in an interview after the annual Governor’s Awards for Excellence in Exporting program at the Jackson Convention Complex on Dec. ...

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From Australia to Zambia, slowing China economy causes pain

FILE - In this Wednesday, Nov. 4, 2015, file photo, a man is reflected on an electronic stock indicator of a securities firm in Tokyo. From Australia to Zambia, Chile to Indonesia, the pain of China’s sharp economic slowdown is being felt in the form of depressed commodity prices, elevated unemployment and shrunken home prices. (AP Photo/Shizuo Kambayashi, File)

China’s economic troubles have dropped on the doorstep of a sun-weathered house at 18 Edgar St. in Port Hedland on Australia’s northwest coast. Four years ago, the 50-year-old home, fabricated from cheap asbestos cement, sold for the equivalent of $1.3 million. It’s now for sale again — recently priced at $310,000. What happened to $1 million in home equity? It ...

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Motorized chair maker to open Mississippi factory

PONTOTOC — Pride Mobility Products Corp., a maker of motorized wheelchairs and scooters, announced Wednesday that it will open a factory in northeast Mississippi. Based in Exeter, Pennsylvania, Pride plans to invest $2 million and hire 150 workers at a facility at the former Genesis Furniture factory in Pontotoc, which closed last year. Federal, state and local governments will give ...

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VIP Cinema Seating continues growth in New Albany

By LISA MONTI  Moviegoers want more for their ticket price than a blockbuster drama or comedy. They want gourmet snack food, a superior sound system, high-tech screens and a plush seat like the one back at home in front of their giant TV screen. In other words, they want the whole movie-viewing experience. That’s exactly what Stephen Simons and VIP ...

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Outback Steakhouse dream realized in Flowood

A victory at the polls in 2006 after a pair of defeats in Flowood liquor-by-the-drink referendums positioned Steven Grantham Jr. to carry out his late father’s plans for a second Outback Steakhouse in Metro Jackson. Flowood finally would get an Outback restaurant where diners could enjoy their favorite spirits along with thick cut grilled steaks and the acclaimed bloomin’ onion. ...

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Survey: Losses from late April storms could reach $1B

According to a report from a global reinsurance firm, the late April storm system that caused widespread damage and fatalities in Mississippi and 19 other states could be the world’s first billion-dollar storm of 2014. Impact Forecasting, the catastrophe model development center at Chicago-based Aon Benfield, has released the latest edition of its monthly Global Catastrophe Recap report, which reviews ...

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