Business news from Biloxi and Gulfport, MS,

Business

Stocks fall on news Fed weighed cutting stimulus

In this Aug. 11, 2010 photo, specialist John Urbanowicz, left, talks with a colleague on the floor of the New York Stock Exchange. Stocks are opening Wednesday, May 22, 2013, slightly higher as investors watch for the latest moves from the Federal Reserve.

The Federal Reserve took financial markets for a ride Wednesday, pushing stock prices up in the morning then sending them down in the afternoon.

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Archive by category ''Business

BUSINESS

SBA starting new lending program for veterans

NEW YORK -- The Small Business Administration says it has lined up pledges from more than 120 banks to increase lending to veterans.
BUSINESS

Indian guest workers sue company in Mississippi, Texas

GULFPORT -- Dozens of Indian guest workers are suing an Alabama-based marine and fabrication company, claiming it financially exploited them and forced them to live in squalid conditions after bringing them to work at Gulf Coast shipyards after Hurricane Katrina.

BUSINESS

Moniz: LNG exports on hold until data reviewed

WASHINGTON -- Energy Secretary Ernest Moniz said Tuesday he will delay final decisions on about 20 applications to export liquefied natural gas until he reviews studies by the Energy Department and others on what impact the exports would have on domestic natural gas supplies and prices.
BUSINESS

Business briefs for May 22

TY Offshore launches eighth barge
BUSINESS

Apple CEO strongly defends tax policy at Senate hearing

WASHINGTON -- Apple Inc. Chief Executive Tim Cook strongly defended the company's tax practices Tuesday at a Senate hearing highlighting the technology giant's use of Irish subsidiaries to shelter billions of dollars in income from U.S. taxes.
PERSONAL FINANCE

Millennials say debt stalls retirement savings

More than half of millennials - 54 percent-surveyed by a Wells Fargo & Co. retirement unit said their "biggest financial concern currently" was longer-term debt, mainly student and credit card debt.
TECHNOLOGY

HP's 2Q offers hope even as revenue slump deepens

Hewlett-Packard is still scrambling to meet the growing demand for more versatile and less expensive mobile devices as a slump in its personal computer sales deepens, but the company's cost-cutting measures and focus on more profitable areas of technology appear to be easing the pain.
BUSINESS

GM recalling Cadillac SUVs to tighten wheels

General Motors Co. is recalling more than 27,000 Cadillac SUVs worldwide because the wheels can fall off.

3 hours ago
BUSINESS

Tesla uses stock, note sale to repay government

Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early.
BUSINESS

Median CEO pay rises to $9.7 million in 2012

CEO pay has been going in one direction for the past three years: up.