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Articles by Section - Business


Newton County Health Inspection Scores

Bangkok Grill: 5135 Highway 278, Covington, Jan. 10, 87/B

February 03, 2017 | Staff Report | Business


Morris Multimedia purchases Wisconsin daily

Morris Multimedia, Inc., parent company of The Covington News, has purchased a daily newspaper in Wisconsin through a subsidiary, Morris Newspaper Corporation of Wisconsin.

February 02, 2017 | Staff Report | Business


Lassiter: Looking at 2017

The New Year promises to be a very exciting one as we will probably see some big changes in our country. President-Elect Trump has already ...

January 29, 2017 | Mike Lassiter | Business


Newton County Health Inspection Scores

Alcovy Pub & Grill: 10176 Alcovy Road, Covington, Dec. 12, 82/B

January 04, 2017 | Staff Report | Business


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Archive By Section - Business


Lassiter: Multiple uses for Second-To-Die Life Insurance

Second-To-Die or Survivorship Life Insurance became a very viable product after the 1982 TEFRA legislation. This act allowed estate taxes to be postponed until the survivor passed away, and for the taxes to be paid at a discount.

December 04, 2016 | Mike Lassiter | Business


Plenty of time left to enjoy Christmas on the Square

Main Street Covington's Christmas on the Square is in full swing with a great Lighting of the Tree and Polar Express night. But don't worry, there is plenty more fun to be had.

December 04, 2016 | Velinda Hardy | Business


Covington Business Licenses

Business Name: Antiques & Stuff of Newton, 2177 ELM St. NE

November 15, 2016 | Staff Report | Business


Life Settlements – Risks and Rewards

Life Settlements are relatively young transactions in the insurance industry, but you can trace its origins back to 1911. Supreme Court Justice Oliver Wendell Holmes noted in his opinion that "Life insurance possessed all of the ordinary characteristics of property, and therefore represented an asset that a policy owner may transfer without limitation."

November 15, 2016 | Mike Lassiter | Business


Early retirement?

Hanging it up at age 60 or 62 sounds like a lot of fun! Wake up when you want to, tee it up once or twice a week and enjoy the grandchildren. Even though I will be 68 on Nov. 2, I'm not quite there yet. I can't buy enough liability insurance to get on the golf course!

October 13, 2016 | Mike Lassiter | Business


Life Insurance for Mortgage Protection

It seems like the majority of topics for my articles brings back memories, some good and some less than memorable. This is one of the "less thans".

September 25, 2016 | Mike Lassiter | Business


Annuity income riders: your personal pension

Most of our parents could expect a pension plan from one or more employers when they reached retirement.

September 04, 2016 | Mike Lassiter | Business


One Size Fits All?

"One size fits all" would be wonderful for me. All of my Dockers slacks would be a 36-inch waist forever instead of my keeping multiple sizes based on the number of buffets visited!

August 07, 2016 | Mike Lassiter | Business


Insurance exchanges that benefit policyholders

In my previous article I discussed the benefits of tax-free exchanges under Section 1035 of the revenue code. Over the years, I have completed more than a few exchanges that truly helped the policyholder. Here are a few examples and one or more of these might apply to you:

July 17, 2016 | Mike Lassiter | Business


New women’s fashion boutique coming to the Square

Blair on the Square Boutique, an upscale women's apparel boutique, will open on the Covington Square, 1115 Church Street, in September.

July 16, 2016 | Jasmine Floyd | Business


Boutique to take root on the Square

A new boutique featuring apparel for both men and women will open its doors on the Covington Square in late August.

July 16, 2016 | Jasmine Floyd | Business


Bodycote, 50 jobs, come to Covington

The regional headquarters of Bodycote, a thermal processing service provider, is now located in Covington.

June 29, 2016 | Bryan Fazio | Business


Tax-free exchanges

One of the provisions of the Revenue Code that is very attractive to life and annuity policyholders is Section 1035. This provision of the Code allows you to transfer the values from a life policy or an annuity to a new contract and defer taxes on your gain. Life policy values may be transferred to a new life policy or a non-qualified annuity. A non-qualified annuity may also be transferred to another non-qualified annuity, but annuity values may not be transferred to a life policy.

June 26, 2016 | Mike Lassiter | Business


Baxalta becomes Shire

Shire plc completed its merger with Baxalta Friday, creating what is expected to be a global leader in rare diseases.

June 03, 2016 | Bryan Fazio | Business


Baxalta, Shire agree to merger

Shareholders of Baxalta, Inc. and Shire PLC agreed Friday on a merger that is expected to be finalized on June 3.

May 27, 2016 | Bryan Fazio | Business


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