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Airlines' operating margins improve

The network, low-cost and regional airline groups all reported improved operating margins in the second quarter of 2009, the Bureau of Transportation Statistics (BTS) reports. According to the BTS, network carriers as a group posted their smallest operating margin loss for any quarter since Sept. 2007 while the low-cost and regional groups reported profit margins. The low-cost group’s profit margin ...

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NOAA awards grants to NGI

HANCOCK COUNTY — Two federal grants worth more than $8.5 million have been awarded to expand the scope of the Northern Gulf Institute (NGI), a research collaborative led by Mississippi State University (MSU). U.S. Sen. Thad Cochran (R-Miss.) announced that a $4.49-million grant has been issued to the Mississippi State University Research and Technology Corp. to help construct a NGI ...

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UM to induct six into Hall of Fame

OXFORD — The University of Mississippi Alumni Association honors six alumni with its highest annual awards during Homecoming Weekend Oct. 16-17. Inductees into the Alumni Hall of Fame are John Warner Alford Jr. of Oxford, John “Kayo” Dottley of Vicksburg, George E. Hilliard of Memphis and William W. Parsons Jr. of Merritt Island, Fla. David E. Brevard of Tupelo will ...

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General Motors raising output at 3 factories

DETROIT — General Motors Co. will go to 24-hour operations at factories in Kansas, Michigan and Indiana to make up for production lost due to a large-scale factory consolidation announced earlier in the year. The automaker says it will add third shifts at its Fairfax plant in Kansas City, Kan., in January. That will be followed in April by third ...

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FDIC could seek bailout from banks

WASHINGTON — Regulators have approached big banks about borrowing billions to shore up the dwindling fund that insures regular deposit accounts. The loans would go to the fund maintained by the Federal Deposit Insurance Corp. that insure depositors when banks fail, said two industry officials familiar with the conversations, who requested anonymity because the plans are still evolving. Regulators also ...

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Miss. casino revenue falls in August

JACKSON — Revenue for Mississippi’s 30 state-licensed casinos fell 9.1 percent in August as compared to July. Figures released Tuesday by the Mississippi State Tax Commission show casinos won $206 million last month, about $18.8 million less than in July. The casinos took in $238.2 million in August 2008. The industry had rebounded somewhat in July – at $224.8 million ...

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U.S. home prices rise 0.3 percent in July

WASHINGTON — U.S. home prices rose slightly in July from a month earlier, according to a government index, further evidence the housing market is stabilizing. The Federal Housing Finance Agency said Tuesday prices rose 0.3 percent in July from the prior month, but June’s price increase was revised down to 0.1 percent from 0.5 percent. The index is still 4.2 ...

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U.S. stocks gain, extending global rally, as dollar slips

(Bloomberg) — U.S. stocks rose, extending a global advance in equities, on signs the world economy is improving and analyst upgrades of companies from Macy’s Inc. to Hewlett-Packard Co. The dollar fell to a one-year low against the euro, while oil, gold, copper and Treasuries gained. Bank of America Corp. climbed 2.4 percent after its share- price estimate was raised ...

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Unemployment rates hold steady

Regional and state unemployment rates were generally little changed in August, the Bureau of Labor Statistics reports. Twenty-seven states and the District of Columbia reported over-the-month unemployment rate increases, 16 states registered rate decreases and seven states had no rate change. Over the year, jobless rates increased in all 50 states and the District of Columbia. The national unemployment rate ...

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West Nile virus claims another life

ACROSS MISSISSIPPI — The Mississippi State Department of Health (MSDH) reports the death of a Lee County resident due to complications from West Nile virus (WNV) and three additional human cases for 2009, bringing the state’s total to 37 with three deaths. The new cases are in Hinds (two) and Lee counties. The MSDH reports both confirmed and probable cases ...

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