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Tag Archives: finances

Oil prices surge, but stocks wobble as drug companies slip


U.S. stocks are mixed in Friday trading as a rally earlier in the day lost steam. The price of oil jumped, giving energy companies a boost, but retailers are struggling after some weak sales reports. Drug companies are giving back some of their gains from earlier this week. KEEPING SCORE: The Dow Jones industrial average picked up 14 points, or ...

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TODAY ON WALL STREET — Mining companies lead stocks lower in afternoon trading

Wall Street stocks

NEW YORK — U.S. stocks are sliding Thursday after a big rally the day before. Mining companies fell along with the price of gold and copper, while a proposed Congressional budget deal sent solar power companies higher. Indexes jumped Wednesday after the Federal Reserve raised interest rates for the first time in nearly a decade. KEEPING SCORE: The Dow Jones ...

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Supervisors unclear on Singing River's financial, pension issues

PASCAGOULA — After meeting with officials with Singing River Health System yesterday, Jackson County supervisors are still unclear about financial and pension funding problems. “We are taking all the steps we need to do to gather all the information to find out what happened, why it happened and to make sure this type of problem doesn’t happen again. We really ...

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JOHN SCOTT: Tax code, meet today’s reality

As springtime blooms and a seemingly never-ending winter fades, a noteworthy but broadly overlooked set of tax proposals was released by the House Ways and Means Committee in Washington. These serve as an opening bid on how Republicans view the future of the Internal Revenue Code. They are interesting as much for what they say implicitly as they are for ...

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DOR: State’s general fund stands to lose more than $100 million annually through the new tax apportionment rules

A bill to limit how and when the Mississippi Department of Revenue can use a market-based taxing method in calculating the tax bills of multistate businesses in the state passed the Legislature Tuesday morning. Legislators also put limits on the DOR’s authority to demand multistate companies provide combined tax returns. The DOR has insisted on authority to seek combined returns ...

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TARP recedes into banking history as all but two Mississippi banks have repaid rescue money

All but two Mississippi banks — both identified as small community lending institutions — have repaid the emergency capital received through the Treasury Department’s Troubled Asset Relief Program, or TARP. By shedding their TARP debt, Mississippi’s banks avoid a hardball provision of the loan program that requires institutions yet to fully repay the taxpayer-provided funds to pay 9 percent in ...

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Listening sessions scheduled as board looks for new ASU president

LORMAN — Members of the Board Search Committee appointed by College Board president Aubrey Patterson to lead the search for the next president of Alcorn State University will hear from constituency groups in Campus Listening Sessions Feb. 19. The discussions will center on the qualities and qualifications stakeholders believe the next institutional executive officer should possess. The Campus Listening Sessions ...

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Legal fees can grow quickly for cities

With attorneys commonly charging $100 to $150 per hour, it can take a big bite out of a city’s finances for legal fees, especially for cities that have been involved in annexation battles. In the 2013 calendar year, the City of Biloxi paid $581,741 to one law firm, Page, Mannino, Peresich & McDermott, PLLC. Biloxi paid another $127,088 to Michael ...

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Audit finds problems with county's accounting system

FAYETTE — An audit of Jefferson County’s fiscal year 2012 showed the county had unpaid interfund loans and cash accounts of more than $70,000 that were not recorded in the county’s central accounting system. In the audit, released yesterday, The Natchez Democrat reports auditors found the county had interfund loans that were outstanding after more than a year. An interfund ...

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Alcorn president resigns as investigation continues

Above is former Alcorn State University President M. Christopher Brown II’s interview with the Mississippi Business Journal earlier this year … LORMAN — Alcorn State University President M. Christopher Brown II has resigned amid an investigation into university purchasing practices. The resignation was announced yesterday by Higher Education Commissioner Hank Bounds. Brown did not immediately respond to requests for comment ...

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