State casino revenue
drops 11.7 percent
n JACKSON – Winnings from gamblers at Mississippi’s state-licensed casinos slid 11.7 percent in April from March.
But the report from the Mississippi State Tax Commission shows a drop of only 1.6 percent from April 2008.
The casinos took in $205.4 million last month, compared with $232.8 million in March and $208.9 million in April 2008.
Dennis Seid 5/19/09
Investors wary again
after housing data
n NEW YORK – A record low in housing construction has led investors to doubt the economy again.
The Dow Jones industrial average fell 29.23, or 0.3 percent, to 8,474.85.
The Samp&P 500 index fell 1.58, or 0.2 percent, to 908.13, while the Nasdaq composite index rose 2.18, or 0.1 percent, to 1,734.54.
In other trading, the Russell 2000 index of smaller companies fell 1.53, or 0.3 percent, to 493.26.
may start in June
n The Federal Reserve said Tuesday that approval for big banks seeking to repay bailout money could start in early June.
A Fed official said several of the country’s 19 largest banks that participated in the recent stress tests are interested in repaying the money they received from the government’s $700 billion bailout fund.
The official said the Fed, which supervises the largest banks, had requested additional information from the banks needed to support the repayment requests.