Archive for the ‘BANKING & FINANCE – Market Sector’ Category

IRS plan to require tax forms for wins of $600

BILOXI — Casino operators in South Mississippi are coming out against an IRS proposal that would require players to file tax forms any time they win $600 or more on slot machines, keno or bingo. The threshold currently is $1,200. Hit that amount or higher and the slot machine freezes and stays locked until the […] [...]

Lawmakers move on bonds despite complaints from colleges and universities

by Published: March 30,2015

Tags: bonds, Business, Mississippi, NEWS, Politics

JACKSON — Mississippi lawmakers are likely to agree to borrow a total of $450 million, including nearly $25 million to build an aquarium in Gulfport. House members voted 73-44 to support Senate Bill 2906, which contains $250 million in borrowing, while members are considering another $200 million linked to a bill financed by casino taxes. […] [...]

WE’RE IN THE TOP 5 — Mississippi a leader as more women are becoming business owners

By LYNN LOFTON  Women-owned businesses are flourishing in Mississippi and the facts prove it. These businesses increased by 81 percent between 1997 and 2014, according to a study conducted by American Express OPEN, earning the state a spot among the top five states in the country. This growing percentage is part of an ongoing American […] [...]

Bill would use casino taxes for bridges, little for tourism

by Published: March 30,2015

Tags: Business, Mississippi, NEWS, taxes, tourism, transportation

JACKSON — Mississippi lawmakers met Sunday and neared final approval of House Bill 1630, which would use $36 million a year in casino taxes mainly to rebuild deficient bridges on state highways. Lawmakers agreed after casinos opened to use that revenue stream for road projects to improve access to casinos. But with those projects completed […] [...]

Lessons available from past Tupelo bond votes

by Published: March 27,2015

Tags: Business, education, Lee County, Mississippi, NEWS, Tupelo

TUPELO — The road toward the Tupelo Public School District’s latest bond referendum began with a request district officials made to voters 25 years earlier. In 1990, 87 percent of those voters supported an appeal to issue $17 million in new bonds. At the time, it was the largest single bond issue for local education […] [...]

COMMERCIAL FINANCE 701: Interest rate swaps: Don’t play with matches

EDITOR’S NOTE: Commercial Finance 701 is a continuing series on commercial loans written exclusively for the Mississippi Business Journal.  This series is geared to lenders, developers, investors and transactional attorneys. Our moms, from opposite ends of Mississippi and two decades apart, admonished us not to play with matches.  It was, and remains, good advice.  As one […] [...]

DAVID DALLAS: Wicker, Cochran and the Iran-a-Muck letter

Forty-seven United States Senators, including Mississippi Senator Roger Wicker, signed a letter recently to “The Leaders of the Islamic Republic of Iran.” Mississippi Sen. Thad Cochran did not. The letter set out to explain the nuances of our U.S. Constitution to “The Leaders of the Islamic Republic of Iran.” The letter also described how the […] [...]

Palazzo named to US House Appropriations Committee

JACKSON — Republican Rep. Steven Palazzo of Mississippi is joining the U.S. House Appropriations Committee. Palazzo was named on Tuesday to the committee, which helps decide how to spend billions of federal dollars on everything from defense contracts to health care. A Mississippi congressman who died in early February, Republican Alan Nunnelee, had served on […] [...]

Meridian’s FMC relocating headquarters to Florida

MERIDIAN — Headquarters for a 60-year-old Meridian company with more than 40 branches throughout Mississippi and Louisiana will relocate to Florida in July. Financial Management and Investment Corp. will move its headquarters from Meridian to Pensacola, Florida, said company CEO Tag Purvis. “Recently, we were courted by the city of Pensacola as a targeted industry,” […] [...]

LOUANN LOFTON — The father of the index fund on the good life

When John Bogle founded Vanguard and launched the first-ever index fund in 1975, many in the financial services industry thought there was no way he’d succeed. Forty impressive years later, however, his critics have been silenced and his role as the conscience of the investing world is assured. Bogle has proven that you can, in […] [...]

Next Page »

Recent Posts

Polls

Should the IHL reconsider its position on firing Dan Jones as chancellor at the University of Mississippi?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments