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US stocks wobble as energy companies rise, health care dips

Stocks are little changed Thursday morning as the market remains in the doldrums. Energy companies are rising as the price of oil continues a recent recovery and phone companies and health care stocks are trading lower. KEEPING SCORE: The Dow Jones industrial average gave up 6 points to 18,568 as of 10 a.m. Eastern time. The Standard & Poor’s 500 ...

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Over $235K embezzled from Pink Heart Fund

The founder of a nonprofit group that provides wigs for cancer patients said she was devastated when a bank teller told her the Pink Heart Funds account of $235,000 had been wiped out. JoAn Nicely tells The Sun Herald it was a blow to learn the woman suspected of embezzling the money is a volunteer who had proven herself to ...

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US stocks slip on mixed reports, with utilities skidding

U.S. stocks slipped Tuesday morning as investors continued to sell phone company and utility stocks. Materials companies are the exception, as they’re trading higher as the dollar weakens. Investors are also sifting through reports that showed inflation remained weak in July, but home building and factory production improved. KEEPING SCORE: The Dow Jones industrial average lost 38 points, or 0.2 ...

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Q&A — Credit union feeling shifts in business

By LISA MONTI  Jimmy Smith, president and CEO of Singing River Federal Credit Union since 1993, was elected to the board of directors in 2002 and currently serves as chairman of the Mississippi Credit Union Association. Smith has an MBA from William Carey University and a banking and finance degree from the University of Southern Mississippi. Among his professional affiliations, ...

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Stocks flirt with records as Macy’s soars, oil rebounds

U.S. stocks advanced Thursday as better-than-expected economic data and a rebound in oil prices boosted sentiment among Wall Street investors. Weekly jobless claims pointed to continued low levels of layoffs while both import and export prices inched up despite a decline in fuel costs, suggesting a possible pick up in inflation. The S&P 500 index SPX, +0.20 percent  was up 8 points, or 0.4 percent, ...

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Global stocks ease back after earnings-driven gains

Global stocks mostly fell Wednesday, amid quiet summer trading and questions about the sustainability of some indexes’ rise to record highs. KEEPING SCORE: Britain’s FTSE 100 was down 0.2 percent at 6,836 while France’s CAC 40 dipped 0.3 percent to 4,454. Germany’s DAX fell 0.5 percent to 10,642. Futures augured a lukewarm opening on Wall Streets. Dow futures were flat ...

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US stocks turn mixed in afternoon trading as oil slides

U.S. stock indexes wavered between small gains and losses in afternoon trading Tuesday, reversing some of Monday’s gains. Energy stocks weighed on the market as the price of crude oil veered lower. Health care, technology and consumer-focused companies were among the gainers. KEEPING SCORE: The Dow Jones industrial average slid 17 points to 18,512 as of 2:36 p.m. Eastern time. ...

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US stock indexes drift lower in morning trading; oil up

U.S. stocks edged lower in morning trading Monday as investors sized up the latest company earnings and deal news. The major stock indexes were coming off new highs set last week following a strong U.S. jobs report. Energy stocks surged the most as oil prices rose, while health care companies were the biggest laggard. KEEPING SCORE: The Dow Jones industrial ...

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US stocks jump as strong jobs report soothes investors

U.S. stocks are jumping Friday morning as a strong July jobs report gave investors more confidence that the economy is still growing. The Labor Department said employers added 255,000 jobs, far more than experts expected. Bank stocks rose on the prospect of higher interest rates and consumer companies rose as investors hope consumers will have more money to spend. KEEPING ...

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Metropolitan adds group to help developers move to permanent loans

By TED CARTER Ridgeland’s 9-year-old Metropolitan Bank is adding to its niche specialty in commercial lending with creation of a division designed to help developers transition from short-term to long-term loans. Metropolitan Capital Advisors, the bank’s new business advisory group, provides a new tier of specialized advisory services to both bank and non-bank clients involved in construction and development projects, said ...

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