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Report: Mississippi’s economy was in recession in 2013 and 2014

Associated Press  Tepid growth in jobs, income and certain taxes had suggested Mississippi’s economy wasn’t growing very fast in recent years. But new figures released Wednesday by the federal Bureau of Economic Analysis show the state’s economy was actually in recession in 2013 and 2014. The numbers show Mississippi’s economy shrank by 1.2 percent in 2014, the only state besides ...

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PayPal latest company targeted for CFPB penalties

By TED CARTER Paypal Inc. is facing a $10 million fine and restitutions of $15 million for signing up users for a Paypal credit card without their knowledge, the U.S. Consumer Financial Protection Bureau says. The global Internet payments and money transfer company is the latest entity in the last couple of weeks to draw the wrath of the CFPB, a ...

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Initial public offerings scheduled to debut next week

NEW YORK — The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings. Week of May 18: Baozun Inc. – Shanghai, China, 11 million American depositary shares, each representing 3 class A ordinary shares, priced $12 to $14, managed by Morgan Stanley, Credit Suisse, and BofA Merrill Lynch. ...

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