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Analysis: Mississippi lawmakers face gaps in current budget

Mississippi lawmakers’ biggest task every session is writing a state budget for the coming year. A smaller but equally important task is deciding whether to fill budget gaps for the current year. The Legislative Budget Office says agencies have submitted $101.1 million in deficit requests for fiscal 2017, which ends June 30. That is 1.6 percent of the state-funded portion ...

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US stocks modestly lower in early trading; oil prices slide

U.S. stock indexes edged mostly lower in early trading Monday, led by declines in energy companies. Oil and gas companies fell the most as the price of crude oil headed lower. Materials stocks notched the biggest gain. Investors had their eye on the latest company earnings and deal news. KEEPING SCORE: The Dow Jones industrial average fell 52 points, or ...

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US indexes drift in early trade; department stores nosedive

Department stores dominated the news Thursday morning as Macy’s and Kohl’s both plunged following weak holiday-season reports that led the chains to cut their profit forecasts. Macy’s also said it will eliminate 10,000 jobs as it continues to close stores. Sears jumped after it said it will close 150 stores and sell its Craftsman tool brand. Overall, stocks were only ...

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US stocks rise as auto makers and retailers trade higher

U.S. stocks are rising Wednesday morning as December auto sales start to roll in. General Motors and Ford are trading higher. That’s helping consumer-focused companies. The market is building on its gains from the day before. KEEPING SCORE: The Dow Jones industrial average added 30 points, or 0.2 percent, to 19,911 as of 10 a.m. Eastern time. The Standard & ...

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US stock indexes move higher in morning trading; Oil rises

Technology and health care companies helped lift U.S. stocks higher in morning trading Tuesday, nudging the Dow Jones industrial average closer to crossing the 20,000-point mark. Utilities and real estate stocks headed lower. Oil prices were moving higher. A key gauge of housing values showed U.S. home prices increased again in October. KEEPING SCORE: The Dow Jones industrial average added ...

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Judge rejects Epps’ request to leave jail until sentencing

A federal judge says Mississippi’s former corrections commissioner should stay in jail. U.S. District Judge Henry T. Wingate on Friday rejected a plea from Christopher Epps to release Epps until his May 24 sentencing. Wingate revoked Epps’ bail on Nov. 4 after Epps was charged with stealing outdoor lights and a control box from the house he forfeited to the ...

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BILL CRAWFORD: Strangulation budget hits state employees, poor

Merry Christmas state employees. The budget proposed by Lt. Gov. Tate Reeves, House Speaker Philip Gunn, and their budget committee colleagues targets you. If you get to keep your job, they want you to work harder and do more for no more pay. The budget is bad for your retirement (PERS) too. Oh, but you will get a tiny tax ...

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Tech stocks dip, dividend payers rise as indexes tread water

Technology stocks fell Friday, but gains for utilities and other big dividend payers helped U.S. indexes hold close to record levels. Bond yields gave up some of their big gains from the last few days. KEEPING SCORE: The Standard & Poor’s 500 index fell 2 points, or 0.1 percent, to 2,260 as of 11:40 a.m. Eastern time. The Dow Jones ...

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November bad month for state revenue collections

By BOBBY HARRISON JACKSON – The 2017 Mississippi legislative session will not be starting on a rosy note in January in terms of state revenue collections. November was a particularly dismal month for revenue collections. The report recently compiled by the staff of the Legislative Budget Committee reveals that in November revenue collections were $35.2 million or 8.8 percent below the ...

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Banks lead US stock indexes higher, and dollar jumps again

A surge in banks and other financial stocks that stand to benefit from higher interest rates led U.S. indexes higher Thursday. The dollar climbed to its strongest level in more than a decade against other currencies, and the price of gold sank on expectations that the Federal Reserve will follow up Wednesday’s rate increase with several more next year. KEEPING ...

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