International Business News - MS http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of investment banks rose Tuesday along with the broader market as Federal Reserve chairman Ben Bernanke said the central bank might extend its lending efforts to investment banks to help improve liquidity in the credit markets. http://www.ibtimes.com/articles/20080708/closing-glance-investment-banks-rise.htm Tue, 08 Jul 2008 16:27:50 EDT Off-the-mark cost projections have contributed to increased power bills along with steep fuel prices, a Mississippi Public Utilities official testified during public hearings spurred by rapid utilities rate spikes. http://www.ibtimes.com/articles/20080708/miss-regulators-probe-rate-hikes-by-utilities.htm Tue, 08 Jul 2008 11:14:05 EDT Shares of investment banks were mixed early Tuesday after Federal Reserve Chairman Ben Bernanke said the central bank might expand its lending efforts to investment banks. http://www.ibtimes.com/articles/20080708/opening-glance-investment-banks.htm Tue, 08 Jul 2008 09:57:02 EDT Stocks fall on worries about financial sector NEW YORK (AP)--Wall Street lost more ground in extremely volatile trading Monday, as investors recoiled at a cautious economic outlook from a Federal Reserve official and the possibility of more financial troubles of Fannie Mae and Freddie Mac. http://www.ibtimes.com/articles/20080707/business-highlights.htm Mon, 07 Jul 2008 18:20:50 EDT Gov. Haley Barbour said the U.S. Department of Housing and Urban Development has approved Mississippi's proposal to use $200 million in federal money for hurricane public recovery projects in Hancock County. http://www.ibtimes.com/articles/20080707/miss-governor-says-200m-oked-for-recovery-plans.htm Mon, 07 Jul 2008 17:18:23 EDT NEW YORK--U.S. financial companies have lost more than $1 trillion in value this year, and yet another decline on Monday shows concerns aren't going away soon. http://www.ibtimes.com/data/articleimgs/87468-stocks.jpg http://www.ibtimes.com/articles/20080707/crisis-wipes-trillion-from-financial-stocks.htm http://www.ibtimes.com/articles/20080707/crisis-wipes-trillion-from-financial-stocks.htm Mon, 07 Jul 2008 16:57:23 EDT Though economic uncertainty has stymied activity in the initial public offering market, Credit Suisse Securities, Merrill Lynch & Co. and Wachovia Securities each managed to complete 10 deals during the first half of the year, more than any other underwriter. http://www.ibtimes.com/articles/20080707/ipo-spotlight-1st-half-underwriter-rankings.htm Mon, 07 Jul 2008 15:45:48 EDT Shares of mortgage purchasers Fannie Mae and Freddie Mac tumbled Monday after a Federal Reserve official warned housing market problems would likely extend into next year and an analyst said accounting changes could leave the two woefully short of necessary capital reserves. http://www.ibtimes.com/articles/20080707/housing-accounting-worries-sink-fannie-freddie.htm Mon, 07 Jul 2008 19:34:16 EDT Financial regulators on Monday announced an information-sharing agreement aimed at better detecting potential risks to the U.S. financial system. The pact between the Federal Reserve and the Securities and Exchange Commission should enhance regulatory cooperation between the two agencies, allowing them to more effectively carry out their regulatory duties, officials said. http://www.ibtimes.com/articles/20080707/fed-sec-complete-information-sharing-pact.htm Mon, 07 Jul 2008 13:12:27 EDT The state and school employees' health plan that is managed by the Mississippi Department of Finance and Administration has a $149 million surplus, officials said. http://www.ibtimes.com/articles/20080707/miss-health-insurance-plan-has-149m-surplus.htm Mon, 07 Jul 2008 10:26:28 EDT Shares of investment banks mostly rose early Monday with the broader market, amid a decline in oil prices. Here's a look at how investment banks fared early Monday: http://www.ibtimes.com/articles/20080707/opening-glance-investment-banks.htm Mon, 07 Jul 2008 09:47:47 EDT Mississippi lawmakers have passed the final version of a bill that would let coastal utility companies take over private land more quickly to improve services. http://www.ibtimes.com/articles/20080703/miss-lawmakers-approve-coastal-utilities-bill.htm Thu, 03 Jul 2008 16:16:11 EDT At least five Wall Street firms warned Massachusetts officials--but not most individual investors--before February's collapse in the market for a type of bond that many had viewed as safe investments, The Boston Globe reported Thursday. http://www.ibtimes.com/articles/20080703/firms-warned-mass-of-investment-markets-failure.htm Thu, 03 Jul 2008 13:00:49 EDT Shares of investment banks rose early Thursday as the broader market gyrated after the Labor Department said the unemployment rate held steady at 5.5 percent in June. http://www.ibtimes.com/articles/20080703/opening-glance-investment-banks.htm Thu, 03 Jul 2008 09:57:38 EDT Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on employment. But stocks still had their third dismal week in a row, with the major indexes again posting losses as worries about rising oil prices and the fallout from the credit crisis dogged the market. http://www.ibtimes.com/data/articleimgs/85081-wall-street.jpg http://www.ibtimes.com/articles/20080703/us-stocks-head-for-mixed-open-ahead-of-jobs-data.htm http://www.ibtimes.com/articles/20080703/us-stocks-head-for-mixed-open-ahead-of-jobs-data.htm Thu, 03 Jul 2008 17:23:28 EDT A new state law allows the northeast Mississippi city of Amory to issue $5 million in bonds to help a company develop a steel rebar minimill. Gov. Haley Barbour signed the bill into law Wednesday. Legislators passed it last week. http://www.ibtimes.com/articles/20080702/miss-governor-oks-incentive-bill-for-rebar-mill.htm Wed, 02 Jul 2008 17:38:28 EDT As the airline industry tries to deal with sky-high fuel prices by cutting back on capacity, six Louisiana airports and two in Mississippi are on a list of airports most likely to lose flights, a business travel advocacy group says. http://www.ibtimes.com/articles/20080702/study-8-airports-in-danger-of-losing-service.htm Wed, 02 Jul 2008 17:35:21 EDT Citigroup Inc. named Sanjiv Das the new chief executive of the bank's CitiMortgage unit, according to an internal memo. Das will replace Bill Beckmann, who "left the company to spend more time with his family," wrote Terri Dial, the head of Citigroup's North American consumer banking unit, in the Tuesday memo. The appointment is effective July 16. http://www.ibtimes.com/articles/20080702/citigroup-names-new-head-of-citimortgage.htm Wed, 02 Jul 2008 15:44:37 EDT Mississippi's weekly unemployment benefit is increasing for the first time in six years, but it's still the lowest in the nation. Republican Gov. Haley Barbour signed an increase into law Wednesday, and it took effect immediately. http://www.ibtimes.com/articles/20080702/miss-unemployment-benefit-goes-up.htm Wed, 02 Jul 2008 15:28:47 EDT Shares of investment banks were mixed early Wednesday after Oppenheimer analyst Meredith Whitney said she now expects Merrill Lynch & Co. to post a loss of $4.21 per share in 2008 on continued weakness in the credit markets, far greater than the average $1.36 per share loss expected by Wall Street, according to Thomson Financial. http://www.ibtimes.com/articles/20080702/opening-glance-investment-banks-mixed.htm Wed, 02 Jul 2008 10:14:27 EDT