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Top News & Analysis Mississippi

  • First NBC was closed by the Louisiana Office of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as the receiver. The regulator said Gulfport, Mississippi- based Whitney Bank would assume all of First NBC's transactional deposits and branches. Whitney Bank will reopen 24 branches of First NBC in Louisiana and five branches...

  • Regulators on Friday seized New Orleans- based First NBC Bank in the costliest bank failure since the financial crisis, with cleanup costs estimated at $1 billion. Hancock Holding Co. of Gulfport, Mississippi, bought $1.6 billion in deposits and $1 billion in assets, including $600 million in cash. The last time the FDIC paid more than $1 billion to absorb losses...

  • OKLAHOMA CITY— Four years ago, Oklahoma's oil patch was booming, unemployment was falling and state lawmakers were debating what to do with $200 million in surplus revenue. Oklahoma's woes are intensifying just as President Donald Trump's administration proposes its own ambitious plan to slash corporate and personal taxes. The White House insists the...

  • JACKSON, Miss.— A San Francisco- based renewable energy company wants Mississippi regulators to approve a $1.4 billion power transmission line that would carry electricity from wind generated in Texas to the Southeast. The Southern Cross Transmission line would extend from Texas through Desoto Parish in Louisiana, crossing into Mississippi south of...

  • TUPELO, Miss. _ Renasant Corp. on Tuesday reported first-quarter net income of $24 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. Renasant shares have climbed 2 percent since the beginning of the year.

  • JACKSON, Miss. _ Trustmark Corp. on Tuesday reported first-quarter profit of $31.2 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. Three analysts surveyed by Zacks expected $144.6 million.

  • WASHINGTON, April 24- The U.S. Senate on Monday confirmed former Georgia Governor Sonny Perdue as secretary of agriculture, leaving all but one of President Donald Trump's Cabinet positions filled. The nomination earlier passed the Senate Agriculture Committee with only one vote in opposition, although some Midwestern senators raised concerns that Perdue...

  • CAMARILLO, Calif.— The average price of a gallon of regular-grade gasoline jumped 3 cents nationally over the past two weeks, to $2.46. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that consumers could see price increases slow as crude oil costs drop. Gas in San Francisco was the highest in the contiguous United States at an average of $3.04...

  • HATTIESBURG, Miss. _ The First Bancshares Inc. on Friday reported first-quarter profit of $1.1 million. The First Bancshares shares have increased nearly 2 percent since the beginning of the year. Keywords: The First Bancshares, Earnings Report.

  • JACKSON, Miss. _ EastGroup Properties Inc. on Thursday reported a key measure of profitability in its first quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 98 cents per share. For the current quarter ending in July, EastGroup Properties expects its per-share funds from operations to range...

  • Cuba watchers are looking closely for signs of how President Donald Trump will deal with the country, given he threatened during his campaign to roll back the fragile detente between the Untied States and Cuba, former Cold War foes. President Barack Obama and Cuban President Raul Castro stunned the world in December 2014 when they announced the United States...

  • Cuba watchers are looking closely for signs of how President Donald Trump will deal with the country, given he threatened during his campaign to roll back the fragile detente between the Untied States and Cuba, former Cold War foes. President Barack Obama and Cuban President Raul Castro stunned the world in December 2014 when they announced the United States...

  • TUPELO, Miss. _ BancorpSouth Inc. on Wednesday reported first-quarter earnings of $38.1 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. BancorpSouth shares have fallen 5 percent since the beginning of the year.

  • GULFPORT, Miss. _ Hancock Holding Co. on Tuesday reported first-quarter earnings of $49 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. Hancock Holding shares have climbed roughly 3 percent since the beginning of the year.

  • U.S. residents paid Uncle Sam an average of $8,943 per person in federal income, payroll and estate taxes in 2016.. A look at how the District of Columbia and the states rank in per capita federal taxes:. 1. District of Columbia: $36.569.

  • Washington, that swampy den of iniquity that politicians love to scorn, sends the most tax dollars per person to the U.S. government. Washington is an outlier because, despite years of lobbying, it is not a state. West Virginia, Mississippi and New Mexico have low median household incomes, which helps explain why they their residents pay far less in federal taxes.

  • Washington, that swampy den of iniquity that politicians love to scorn, sends the most tax dollars per person to the U.S. government. Washington is an outlier because, despite years of lobbying, it is not a state. West Virginia, Mississippi and New Mexico have low median household incomes, which helps explain why they their residents pay far less in federal taxes.

  • As President Trump faces pressure to deliver on his promise to revive manufacturing in the northern "rust belt" states that put him in the White House, his biggest challenge may not be Mexico or China, but the southern U.S. states that form the other pillar of his political base. States like Alabama have built a presence in the global supply chain in direct...

  • As President Trump faces pressure to deliver on his promise to revive manufacturing in the northern "rust belt" states that put him in the White House, his biggest challenge may not be Mexico or China, but the southern U.S. states that form the other pillar of his political base. States like Alabama have built a presence in the global supply chain in direct...

  • That includes expanding the Navy to 350 warships from 275 today. The Navy has given Defense Secretary Jim Mattis a report that explores how the country's industrial base could support higher ship production, Admiral Bill Moran, the vice chief of Naval Operations with oversight of the Navys shipbuilding outlook, told Reuters. To be sure, the first, and biggest,...