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Tag Archives: NASDAQ

US stocks surge after China cuts rates to help economy

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U.S. stocks surged in early trading Tuesday after China’s central bank cut its key interest rate in a bid to boost growth in the world’s second-largest economy. The move erased some of the stock market’s heavy losses from a day earlier when concerns over a slowdown in China’s economy rattled global markets and knocked down the Dow Jones industrial average ...

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Hattiesburg bank earnings rise to $1.9 million

Hattiesburg-based First Bancshares Inc. announced on Thursday that its net earnings for the first quarter were $1.9 million, or 36 cents per share, compared with $1.3 million, or 25 cents for the corresponding quarter in 2014. Assets grew by 4.8 percent to reach $1.1 billion as of March 31. Loans stood at $716 million, up $11.8 million in the quarter. ...

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Cal-Maine income skyrockets as prices rise and costs shrink

By JACK WEATHERLY Net income for Jackson-based Cal-Maine Foods — the nation’s largest producer of eggs — rose in the third fiscal quarter to $50.9 million, its second-biggest quarter ever. Earnings per share were $1.05, compared with 89 cents a year earlier on $42.9 million in net income. Net sales were up 10.6 percent for the quarter, which ended Feb. ...

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Dow plunges as oil dips below $50, sinking energy stocks

NEW YORK — US stocks fell sharply Monday, led by declines in energy stocks as the price of oil plunged again. The euro sank to a nine-year low against the dollar as new doubts surfaced about Greece’s future in the common currency bloc. KEEPING SCORE: The Standard & Poor’s 500 index dropped 33 points, or 1.7 percent, to 2,024 as ...

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Despite surge, many don't see a stock market bubble

NEW YORK — Is the stock market due for a pullback? The Dow Jones industrial average has surged 900 points since early October and crossed the 16,000-point threshold Monday. IPOs are hot again. Small investors, stirred from their post-recession daze, are coming back to stocks. And it’s been more than two years since the market has had a significant slump. ...

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Still in acquisition mode, Cadence set to buy Houston’s Encore Bancshares Inc.

Birmingham’s Cadence Bancorp, formerly headquartered in Starkville, has signed a definitive agreement to buy Houston-based Encore Bancshares, Inc. (NASDAQ: EBTX) in an all-cash transaction of $20.62 per share. Under the deal, Cadence would pay approximately $250 million for the approximately 12.1 million outstanding shares of Encore, a $1.6 billion banking company with 12 locations in the Houston region. “When we ...

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ANALYSIS — Mississippi has big money invested in KiOR's financially challenged project

The eyes of the international renewable-fuels community are fixed on KiOR (NASDAQ:KIOR), a Texas-based company in which Mississippi has a large stake — specifically a $75 million interest-free loan administered by the Mississippi Development Authority. KiOR plans to build five plants in Mississippi that should convert wood chips to renewable crude through a process called pyrolysis, a feat only accomplished ...

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Daly named partner

Andrews Kurth, LLP, announced the election of Jon W. Daly in its Houston, Texas, office to the partnership. Daly’s principal area of practice is corporate and securities law with an emphasis on mergers and acquisitions and the representation of issuers and investment banks in connection with public and private offerings of equity and debt securities. He also advises companies on ...

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Here we go again: Another big down day for Dow

NEW YORK — Just when Wall Street seemed to have settled down, a barrage of bad economic reports collided with fresh worries about European banks Thursday and triggered a global sell-off in stocks. The Dow Jones industrial average fell 419 points — a return to the wild swings that gripped the stock market last week. Stocks were only part of ...

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