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Tag Archives: stock market

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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More of the same from market

The trend will continue to be no trend for the foreseeable future With the economy showing signs of recovery, many people are wondering what the stock market will do in 2011. “In our view, the economy should continue on a slowly improving path in 2011, although high unemployment and weak housing are likely to remain headwinds,” says Terrell Kalmbach with ...

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Stocks climb after Citigroup tops forecasts

NEW YORK – An upbeat start to a busy week of earnings pushed stocks higher Monday. Citigroup Inc.’s better-than-expected results drove financial stocks higher, putting an end to a recent slide. The Dow Jones industrial average rose 36 points in midday trading. Citigroup said fewer of its customers defaulted on loans, an encouraging sign that borrowers may be returning to ...

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Oil prices higher as stock markets rise

NEW YORK – Oil prices on Monday bounced back above $82 a barrel, as stocks rose on encouraging earnings reports. Benchmark crude for November delivery rose $1.25 to $82.50 a barrel on the New York Mercantile Exchange. At the pump, gas prices leveled off at a national average of $2.832 for a gallon of regular, down a fraction of a ...

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Citigroup earns $2.15B as failed loans decrease

NEW YORK – Citigroup Inc., one of the largest banks in the world, reported its third straight quarter of profit Monday in another sign that the American consumer is healing. The New York bank, which is still 12 percent owned by the government, earned $2.15 billion, or 7 cents per share, in the three months ending in September. The results ...

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Stocks slide after jobs, inflation reports

NEW YORK – Stocks dipped Thursday after concerns about another disappointing report on jobs. But losses were held in check by expectations the Federal Reserve will act soon to strengthen the economy. The Dow Jones industrial average fell 32 points in midday trading. In recent months, a disappointing jobs report would have likely led to a bigger sell-off in stocks. ...

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Stock futures edge higher before jobs data

NEW YORK – Stock futures edged higher as investors avoided big moves before key reports on unemployment and inflation. Currency and gold trading was again a dominant driver of global financial markets Thursday. Traders sent the dollar lower because of expectations the Federal Reserve will start buying government bonds to try to stimulate the sluggish economy. Buying bonds would drive ...

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Oil rises near $83 as investors look to Fed moves

Oil prices rose to near $83 a barrel Monday due to the weakening of the dollar and expectations that the U.S. central bank will soon move to bolster a spluttering economic recovery. By early afternoon in Europe, benchmark crude for November delivery was up 13 cents to $82.79 a barrel in electronic trading on the New York Mercantile Exchange. The ...

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