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Tag Archives: income

State's seniors replace more pre-retirement income than those in most other states

ACROSS MISSISSIPPI — Senior citizens in 49 of 50 states aren’t replacing enough of their pre-retirement income, according to a new Interest.com study. Many financial experts say retirees need at least 70 percent of the income they earned in their working years, but only seniors in Washington, D.C., and Nevada are meeting that threshold. Massachusetts’ seniors face the largest income ...

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Report: Mississippi ranks second in U.S. in charitable giving

ACROSS MISSISSIPPI — Even as the income gap widens, the wealthiest Americans are giving a smaller share of their income to charity, while poor and middle-income people are donating a larger share, according to an extensive analysis of IRS data conducted by the Chronicle of Philanthropy. The Chronicle, a leading source of news coverage of the nonprofit world, said in ...

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Survey: Percentage of Coast families in poverty rising

MISSISSIPPI GULF COAST — The percentage of families living below the poverty line in South Mississippi is on the rise. That’s according to the latest numbers released from the U.S. Census Bureau’s American Community Survey. In Hancock County, where the numbers from 2007-09 showed 11.6 percent of families were living in poverty and that percentage nearly doubled to 20.9 in ...

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Census: State's supplemental poverty level lower than official rate

WASHINGTON — The nation’s poverty rate was 16.0 percent in 2012, unchanged from 2011, according to the supplemental poverty measure released today by the U.S. Census Bureau. The 2012 rate was higher than the official measure of 15.0 percent. The official poverty rate in 2012 was also not significantly different from the corresponding rate in 2011. Unlike the official poverty ...

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Southern's earnings impacted by increased Kemper plant cost

ATLANTA — Southern Company, the parent of Mississippi Power Co., reports first quarter 2013 earnings of $81 million, or 9 cents a share, compared with earnings of $368 million, or 42 cents a share, in the first quarter of 2012. The first quarter results include two charges against earnings – a $333-million (38 cents per share) after-tax charge related to ...

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Renasant sees post-merger earnings increase

TUPELO — Renasant Corporation has released its financial results for the first quarter of 2013. Net income for the first quarter of 2013 was $7,571,000, or basic and diluted earnings per share (EPS) of $0.30, as compared to $5,974,000, or basic and diluted EPS of $0.24, for the first quarter of 2012. “Our strong start to 2013 represents the fifth ...

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Utility's earnings up, but expansion and hiring delayed

ATLANTA — Southern Company reported fourth quarter 2012 earnings of $383 million, or 44 cents a share, compared with earnings of $261 million, or 30 cents a share, in the fourth quarter of 2011. Southern Company, the parent company of Mississippi Power Co., also reported full-year 2012 earnings of $2.35 billion, or $2.70 a share, compared with earnings for 2011 ...

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Trustmark sees quarterly profits rise 14%

JACKSON — Regional bank Trustmark Corp. said profit in 2012’s fourth quarter rose 14 percent from the same three months of 2011, as bad loans fell and the bank made more from writing new mortgages. Trustmark said Tuesday it made a quarterly profit of $27.7 million, or 43 cents per share, up from $24.3 million, or 38 cents per share, ...

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Entergy expects quarterly earnings to rise significantly

NEW ORLEANS — Entergy Corporation expects fourth quarter 2012 as-reported earnings of approximately $1.65 per share and operational earnings of approximately $1.71 per share. Results for fourth quarter 2011 were $0.87 per share on an as-reported basis and $0.94 per share on an operational basis. Entergy also affirmed previously issued operational earnings guidance for 2013. As-reported results are prepared in ...

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Renasant sees profits soar during fourth quarter

TUPELO — Regional bank Renasant Corp. said profit in 2012’s fourth quarter rose 26 percent from the same three months of 2011, as the bank set aside less to cover bad loans and paid savers less interest. Renasant said it made a quarterly profit of $7.28 million, or 29 cents per share, up from $5.79 million, or 23 cents per ...

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