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Tag Archives: investing

Stocks trading around 2016 highs as oil prices soar


U.S. stocks are climbing to their highest prices of 2016 Monday afternoon as oil prices also set annual highs, taking energy companies higher. Federal Reserve Chair Janet Yellen gave a mixed view of the economy, but banks are recovering as investors anticipate higher interest rates. KEEPING SCORE: The Dow Jones industrial average gained 135 points, or 0.8 percent, to 17,941 ...

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Client’s best interests should always come first, financial advisors say


By BECKY GILLETTE A new U.S. Department of Labor (DOL) regulation requires advisers to 401(k) and IRAs to act in their clients best interests. Supporters argue that the measure is needed to protect people’s retirement savings from being eroded by high-fee products recommended by financial advisers. Opponents are concerned the rules are too complex making compliance difficult and expensive. The ...

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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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Citizens Holding repurchasing up to 200K shares of common stock

PHILADELPHIA — Citizens Holding Company’s board of directors has authorized the repurchase of up to 200,000 shares of its outstanding common stock over the next 36 months. As part of the share repurchase program, shares may be purchased in open market transactions, including through block purchases, through privately negotiated transactions, or pursuant to any trading plan that may be adopted ...

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Community Bank, Pinnacle Trust ink new agreement

BRANDON and MADISON — Community Bank has entered into an agreement with Pinnacle Trust to offer a comprehensive wealth management platform. The new service, named Community Wealth Management, will not only provide investment services but, also asset management, financial planning and trust services. “We are excited that we will be able to provide our customers with access to a full ...

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Bank prices initial public offering at $24 per share

GULFPORT — First NBC Bank Holding Company, the New Orleans-based holding company for First NBC Bank, has priced its initial public offering of 4,166,667 shares of common stock at a price to the public of $24 per share. The common stock has been approved for listing on the NASDAQ Global Select Market, trading under the symbol “NBCB.” The offering is ...

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Woman sentenced for bilking investors for bogus businesses

FAYETTE — A Natchez woman will spend 10 years behind bars for her part in a business scheme that reportedly bilked an investor by never opening the business into which the victim poured their money. The Natchez Democrat reports Emily Sanders was sentenced in Jefferson County Circuit Court to probation for her October conviction on two counts of false pretense. ...

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Mississippi gambles on technology developments some deem to be too risky

For years, Mississippi has placed a priority on providing assistance to technology companies to create jobs that pay more than average and help improve the economy of the state. But the failure of some of those start-up companies to get off the ground despite major incentive packages from the state raises concerns. Under the administration of Gov. Haley Barbour, the ...

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Hancock Holding launches new investment fund

GULFPORT — Hancock Holding Company has launched the Hancock Horizon Diversified Income Fund as a new addition to the company’s $1.5-billion family of investment funds. The fund seeks to generate steady income from a combination of financial investments. Hancock Horizon Funds senior vice president and chief investment strategist John Portwood, CFA, said, “This will be an alternative for investors who ...

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Lawmakers urging SEC to appeal decision over Stanford victims' compensation

WASHINGTON, D.C. — Sen. Thad Cochran (R-Miss.) is supporting a legal appeal to try to overturn a federal court ruling that would deny compensation to victims of the multi-billion fraud perpetrated by the Stanford Financial Group. Cochran is one of 14 senators who have signed a letter encouraging Mary Schapiro, chairwoman of the Securities and Exchange Commission (SEC), to promptly ...

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