Mallory carrying out 3-year-old agreement to retire as Cadence Bank CEO &...
By Ted Carter The early March closing of an acquisition by Houston banking investment company Community Bancorp LLC will mark the end of Cadence Financial Corp. Chairman & CEO Lewis Mallory Jr.’s...
View ArticleUpdate: Stocks waver as optimism about job report fades
UPDATE ….. Stocks are moving between small gains and losses Friday, giving up an early rally after the government reported that hiring picked up in July. European leaders are calling emergency meetings...
View ArticleHere we go again: Another big down day for Dow
NEW YORK — Just when Wall Street seemed to have settled down, a barrage of bad economic reports collided with fresh worries about European banks Thursday and triggered a global sell-off in stocks. The...
View ArticleDaly named partner
Andrews Kurth, LLP, announced the election of Jon W. Daly in its Houston, Texas, office to the partnership. Daly’s principal area of practice is corporate and securities law with an emphasis on mergers...
View ArticleANALYSIS — Mississippi has big money invested in KiOR’s financially...
The eyes of the international renewable-fuels community are fixed on KiOR (NASDAQ:KIOR), a Texas-based company in which Mississippi has a large stake — specifically a $75 million interest-free loan...
View ArticleStill in acquisition mode, Cadence set to buy Houston’s Encore Bancshares Inc.
Birmingham’s Cadence Bancorp, formerly headquartered in Starkville, has signed a definitive agreement to buy Houston-based Encore Bancshares, Inc. (NASDAQ: EBTX) in an all-cash transaction of $20.62...
View ArticleDespite surge, many don’t see a stock market bubble
NEW YORK — Is the stock market due for a pullback? The Dow Jones industrial average has surged 900 points since early October and crossed the 16,000-point threshold Monday. IPOs are hot again. Small...
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Dow plunges as oil dips below $50, sinking energy stocks
NEW YORK — US stocks fell sharply Monday, led by declines in energy stocks as the price of oil plunged again. The euro sank to a nine-year low against the dollar as new doubts surfaced about Greece’s...
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Cal-Maine income skyrockets as prices rise and costs shrink
By JACK WEATHERLY Net income for Jackson-based Cal-Maine Foods — the nation’s largest producer of eggs — rose in the third fiscal quarter to $50.9 million, its second-biggest quarter ever. Earnings per...
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A PENNY SAVED — OTC stocks can be good, but can be risky venture
By BECKY GILLETTE enny stocks are considered by some as an easy path to riches. And although there are those who have profited from investing in these types of stocks, most of the time the investment...
View ArticleHattiesburg bank earnings rise to $1.9 million
Hattiesburg-based First Bancshares Inc. announced on Thursday that its net earnings for the first quarter were $1.9 million, or 36 cents per share, compared with $1.3 million, or 25 cents for the...
View ArticleUS stocks surge after China cuts rates to help economy
U.S. stocks surged in early trading Tuesday after China’s central bank cut its key interest rate in a bid to boost growth in the world’s second-largest economy. The move erased some of the stock...
View ArticleStock indexes stumble in early trading; Macy’s sinks
U.S. stocks indexes are slipping Wednesday morning. Retailers are slumping after Macy’s reported weak results and cut its outlook. KEEPING SCORE: The Dow Jones industrial average lost 20 points, or 0.1...
View ArticleStock markets solid after Yellen remarks
Stocks are edging mostly higher, setting the market up for its first gain after three down days. Traders were encouraged early Wednesday by word from Federal Reserve Chair Janet Yellen that the central...
View ArticleUS stocks rise as health care and energy companies climb
Stocks are rising Wednesday afternoon as stocks break out of a two-day slump. Energy companies are jumping as the price of oil rises 5 percent. Health care companies are also trading higher, led by...
View ArticleUS stocks slip as oil prices skid ahead of OPEC meeting
U.S. stocks are taking small losses Friday morning as energy companies are slipping with the price of oil. Citigroup became the latest bank to report weak but better-than-expected results for the first...
View ArticleGlobal stocks drift lower on global growth concerns
Stock markets around the world and oil prices were weighed down Friday by concerns over the global economy ahead of a raft of U.S. and Chinese economic data. KEEPING SCORE: In Europe, Germany’s DAX was...
View ArticleUS stocks gain in early trading as crude oil rises
Stocks rose on Wall Street early Monday, led by gains in energy companies as the price of crude oil increased sharply. Marathon Oil jumped 7 percent and offshore driller Transocean rose 6 percent....
View ArticleStocks fall after Fed signals June rate hike possible
Stocks are dropping Thursday afternoon as industrial companies help drag major indexes lower. Health care companies also fell. Investors braced themselves for the likelihood of an interest rate...
View ArticleGlobal stocks choppy after G-7 fails to deliver
Stock markets were choppy Monday after a meeting of the developed world’s central bankers and finance ministers failed to yield fresh ideas for spurring economic growth. KEEPING SCORE: In Europe, the...
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