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Tag Archives: stocks

Stocks rally after Fed allays stimulus fears

NEW YORK — Stocks broke through record highs in early trading Thursday after Federal Reserve Chairman Ben Bernanke said the central bank is in no hurry to stop supporting the economy. Bernanke said the U.S. economy still needed help because unemployment remains high and inflation is below the Fed’s target. The Fed is currently buying $85 billion a month in bonds ...

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Dallas company looking to purchase Seventh Knight via stock swap

VICKSBURG — Fusion-Q of Dallas, Texas, has made a tender offer to acquire the shares of Seventh Knight Inc. Under the terms, Fusion-Q has tendered an offer to acquire Seventh Knight with Fusion-Q preferred stock in exchange for the 9,674,403 shares of common stock outstanding stock of Seventh Knight. Thereafter, each Fusion-Q preferred share would be convertible into one share ...

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BancorpSouth commences $100M public offering

TUPELO — BancorpSouth Inc. has commenced an underwritten public offering of $100 million of its common stock. The company said it intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of common shares sold pursuant to this transaction. All of the shares are being offered by the Tupelo-based financial institution. BancorpSouth said it ...

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Ameristar Casinos buying back founder's shares

VICKSBURG — Ameristar Casinos Inc. is buying back approximately 26.2 million shares of its common stock from the estate of founder and former chairman and CEO Craig H. Neilsen for about $457.6 million. Neilsen died in Nov. 2006. The casino operator said that the stock included in the buyback represents about 45 percent of its outstanding stock and approximately 83 ...

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Stocks set to extend rally into new week

NEW YORK (AP) – Stock futures rose modestly Monday as investors look to extend a rally that pushed the Dow Jones industrial average above 11,000 for the first time since early May. Traders in recent days have been betting the Federal Reserve will act in the coming weeks to stimulate the economy and drive interest rates lower. The Fed could ...

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European markets down, Asian markets up

LONDON — European stock markets traded in a narrow range today amid signs that the recent rally may be running out of steam due to worries about the U.S. economic recovery. Asian stocks closed sharply higher, however, on optimism over the region’s two leading economies, Japan and China. In Europe, the FTSE 100 index of leading British shares was down ...

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