MidSouth Bancorp Reports Slower Q2 Profit Drop
MidSouth Bancorp Inc operating in Louisiana and Texas posted a 47 percent drop in second quarter net income. For the quarter ended June 30 the firm earned 446000 dollars or 7 cents per share, down from 1.4 million dollars or 21 cents a year earlier. The results include 277000 dollars in preferred dividends from a federal program to boost lending. The bank notes slowed loan demand in the latest quarter and operates branches in Houston Beaumont Victor and Conroe.
MENTIONED IN THIS ARTICLE
Lafayette
MidSouth Bancorp Inc
Louisiana
Texas
MidSouth
Houston
Beaumont
Victor
Conroe
Oil prices slip as demand fears damp rally
In Columbus, Ohio a two week oil rally sputtered on Tuesday as crude prices fell along with equities. Dips occurred in electronic trading and then deepened after data showed consumer job and economic confidence at a low. Anxiety over the economy kept activity muted and energy intensive sectors reduced output.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
DeGuerin seeks move for Stanford from private Texas jail
Houston financier R Allen Stanford argues in court filings that his confinement at the Joe Corley Detention Facility in Conroe is intolerable. He shares a cell with up to 10 inmates, faced power outages and no air conditioning for a week, and requests transfer to the Federal Detention Center in downtown Houston.
MENTIONED IN THIS ARTICLE
Conroe
Houston
R. Allen Stanford
Montgomery County
Stanford
Joe Corley
Texas
Virginia
Dick DeGuerin
DeGuerin
Federal Detention Center
Bureau of Prisons
Government mulls strict energy trading limits
Washington regulators weigh new curbs on speculative energy trading as oil price swings hit consumers. CFTC Chair Gary Gensler says limits on energy futures positions must be seriously considered to curb market power while recognizing the role of Wall Street in hedging risks for farmers and producers. He noted fall timing for proposed rules and stressed reducing excessive speculation without eliminating it.
MENTIONED IN THIS ARTICLE
Washington
U.S
Gary Gensler
Commodity Futures Trading Commission
Gensler
Chicago Mercantile Exchange
CFTC
Wall Street
Valero posts 254 million loss as demand fades
Valero Energy Corp the largest independent U.S. refiner reported a 254 million second quarter loss or 48 cents per share as demand for gasoline diesel jet fuel weakened. Refineries in Texas City and Houston faced cutbacks and more plants may slow or shut in coming quarters amid a weak economy and lower consumption.
MENTIONED IN THIS ARTICLE
Houston
Valero Energy Corp
San Antonio
Valero
Texas City
Pasadena
Also Mentioned on This Page
New York Mercantile Exchange
New York
THE
Associated Press
Baytown
Tweg Insurance Services
Decker Drive
Suite
Twig
Net
Twigbaytown
Diane Feland
Debbie
Debbie Starnes
Sterling
White Funeral Home & Cemetery
Www
Sterlingwhite.com
Cather Insurance
Baytown Community Restoration Mission Project
Jesus
Jeff
Baytownchurch.com
N. Alexander Dr
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!