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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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UPDATED: Verizon, Sprint pay big in ‘cramming’ settlements

Inserting unauthorized third party charges into customer bills has cost wireless carriers Verizon and Sprint a combined $120 million in reimbursements to customers and federal and state fines of $38 million. Mississippi received $358,269 for its participation in the Sprint and Verizon settlements. The national mobile cramming settlements with Verizon and Sprint and last fall with AT&T and T-Mobile have ...

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New federal rules set for appraisal management companies

By TED CARTER Mississippi legislation that two years ago set new rules for appraisal management companies should largely free appraisal companies in the state from taking on newly enacted compliance standards. Six federal financial regulatory agencies have implemented minimum requirements for state registration and supervision of appraisal management companies (AMCs), an entity that provides appraisal management services to lenders or underwriters ...

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Jackson County to vote on tourism tax

PASCAGOULA — Jackson County supervisors have decided to go ahead with a special election June 23 for a 2 percent tourism tax on hotel and motel rooms, rather than wait for the November general election. The Sun Herald reports voters will be asked to decide whether to institute the tax to support tourism. Renee Areng, executive director of the Mississippi ...

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Man sentenced for making counterfeit IDs for immigrants

GULFPORT — Prosecutors say a Louisiana man has been sentenced to 13 months in prison after selling counterfeit immigration papers to illegal immigrants in southern Mississippi. The Sun Herald reports 27-year-old Pedro Alberto Perez pleaded guilty to a charge of possession of counterfeit documents April 21 in Gulfport. Court records show Perez met with customers who wanted to buy a ...

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Distressed mortgage borrowers get 6 extra months under new HUD rules

By TED CARTER Homeowners who have fallen significantly behind on their mortgages are getting six additional months to stave off foreclosure, thanks to a new mandate from the U.S. Department of Housing and Urban Development. HUD, in rule changes announced last Friday, is requiring servicers of Federal Housing Administration-backed loans to delay foreclosure for a full year and to evaluate ...

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