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Tag Archives: stock market

US stocks fall sharply on bleak Chinese manufacturing report

Trader Anthony Riccio works on the floor of the New York Stock Exchange, Tuesday, Sept. 1, 2015. More signs of weakness in China's economy are sending global stock markets sharply lower. (AP Photo/Richard Drew)

NEW YORK  — Stock markets plunged again Tuesday, continuing a rocky ride for Wall Street, after gloomy economic data out of China rekindled fears that the world’s second-largest economy is slowing more than previously anticipated. U.S. stocks are coming off their worst month in more than three years. The price of oil sank, giving up most of the gain it ...

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U.S. GDP growth revised upward to 3.7 percent in second quarter


The Associated Press The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds. The economy as measured by gross domestic product expanded at an annual rate of 3.7 percent in the April-June quarter, the Commerce Department ...

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Sanderson Farms fiscal performance takes hit from wobbly market


By JACK WEATHERLY The outbreak of avian flu and other factors cut deeply into Sanderson Farms’ profits in the third fiscal quarter, the Laurel-based poultry producer and processor  said in a release on Tuesday. Net sales were $740 million for the fiscal third quarter, down from $768 million a year earlier. Net income fell  to $50.9 million, or $2.27 a ...

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Actuaries: Improving stock market boosts PERS' results

JACKSON — With stock market gains replacing steep losses in the accounting ledger, Mississippi’s main public employee pension fund posted stronger results last year. Actuaries reported yesterday to the board of the Public Employees Retirement System that the funding percentage — the share of future obligations covered by current assets — rose to 61 percent as of June 30 from ...

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Hancock Fabrics' board votes to go private

BALDWYN — Hancock Fabrics says it plans to stop being a publicly traded company, allowing executives to focus on improving its business. The Northeast Mississippi Daily Journal reports the change has been approved by the Hancock Fabrics board of directors and must be approved by shareholders in August. The company trades under the symbol HKFI, and shares closed at 96 ...

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Entergy releases first web-based, integrated report

NEW ORLEANS — Entergy Corporation has released its 2013 online integrated report, combining material previously presented in the company’s annual report to shareholders and its annual sustainability report. “Producing one integrated report reinforces our belief that our stakeholders — owners, customers, employees and communities — are inextricably linked and that we must deliver sustainable value to all stakeholders in order ...

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TVA's pension fund shortfall affecting ratepayers

NORTH MISSISSIPPI — A shortfall in the Tennessee Valley Authority’s pension fund is affecting electric ratepayers. The Chattanooga (Tenn.) Times Free Press reports TVA has added nearly $1.3 billion from customers to the find since 2008 when investment markets tanked. However, the federal utility didn’t add any money to the fund in 2012. CFO John Thomas says he expects market ...

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Motley Fool Writer LouAnn Lofton Q&A

JACKSON- LouAnn Lofton, Motley Fool writer and author of “Warren Buffett Invests Like A Girl” joins MBJ-TV via Skype Video to talk about her book. Part 1: Lofton talks about her personal and professional inspiration for the book as well as Warren Buffett’s reaction to the 2008 economic recession. Part 2: Lofton outlines her book’s eight points including why women ...

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Callon completes public offering, nets $65.7M

NATCHEZ — Callon Petroleum Company has closed its previously announced public offering of nine million shares of its common stock at a price to the public of $7.75 per share. Callon also granted the underwriters a 30-day option to purchase up to an additional 1.35 million common shares on the same terms and conditions to cover over-allotments, if any. Callon ...

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