Latest Kentucky News
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Dotcom in tears after Megaupload files deleted
Megaupload founder Kim Dotcom said Thursday he was "in tears" after a European company deleted all the data it was hosting from his shuttered file-sharing site.Netherlands-based LeaseWeb announced it had deleted all Megaupload files from 630 servers.LeaseWeb said in a statement it hosted the data for over a year at its own expense without receiving any requests to access it or retain ...
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Wild Eggs to open new location
LOUISVILLE, KY (WAVE) - A breakfast hot spot is expanding and opening its fourth location in downtown Louisville. Wild Eggs confirmed they will open a new location on South Floyd Street near East Main in fall 2013. The company is looking to capture the business crowd and attract visitors and residents from southern Indiana. The breakfast and lunch restaurant will be housed in the mercantile ...
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Kentucky leaders Urban Outfitters wont sell shot glasses flasks that look like pill bottles
FRANKFORT, Ky. -- Retailer Urban Outfitters Inc. has responded to a multi-state campaign and stopped selling flasks, shot glasses and pint glasses that look like prescription pill bottles, political leaders in drug-plagued Kentucky said Wednesday. The state's top leaders, including Gov. Steve Beshear and Republican U.S. Rep. Hal Rogers, chairman of the powerful House Appropriations ...
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Feds moves to aid economy since financial crisis
WASHINGTON -- The Federal Reserve has taken many unprecedented steps in the past four years to try to boost the U.S. economy and counter the effects of a financial crisis that triggered a painful recession. It has kept the short-term interest rate it controls at a record low near zero since December 2008.It's bought more than $2 trillion in U.S. Treasurys and mortgage bonds to try to hold ...
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How Fed policymakers affect the economy
The Federal Reserve's chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy.Here is a look at how the FOMC operates.Q: What is the FOMC's primary role?A: Its mission is to keep the economy, inflation and employment on a healthy track. When the economy weakens, Fed policymakers cut interest rates or keep ...
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Ky. to receive $6M from online gambling case
FRANKFORT, Ky. - Gov. Steve Beshear says Kentucky will receive a settlement of more than $6 million from a case involving online gambling.The case dates back to 2008 when the Kentucky Justice and Public Safety Cabinet filed suit to seize 141 domain names belonging to Internet gambling companies. Kentucky later joined two federal lawsuits against some of those companies, leading to the settlement ...
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4 shot 3 dead at condominium shooting in Louisville Kentucky no ages or other details
LOUISVILLE, Ky. - Gunfire erupted Wednesday in a Louisville condominium building, leaving three people dead and a fourth person seriously injured, authorities said. The fourth person was hospitalized with what appeared to be life-threatening injuries after the shootings, reported shortly before 4:30 p.m. Wednesday, police spokesman Dwight Mitchell said. Mitchell said officers believed everyone ...
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Stocks slide and Treasury yields spike after Bernanke says Fed could slow its bond purchases
NEW YORK -- Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of 2014. The reaction by investors -- the Dow Jones industrial average fell more than 200 points and the yield on the 10-year Treasury note rose to its highest in 15 months -- showed just how much investors have ...
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News Summary Mens Wearhouse ousts founder
THE NEWS: Men's Wearhouse Inc. says Wednesday it dismissed its founder and executive chairman George Zimmer, who appeared in many of its TV commercials with the slogan, "You're going to like the way you look. I guarantee it."BEHIND THE OUSTING: Men's Wearhouse declined to give a reason for the ousting, but Zimmer shot back, saying the firing was due to a disagreement ...
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Leading 3-D printer firms to merge in $403M deal
MINNEAPOLIS - Stratasys, a leading maker of 3-D printers, is buying another 3-D printer manufacturer, MakerBot, for $403 million in stock.Stratasys Ltd. says the acquisition will enable it to offer affordable desktop 3-D printers.MakerBot's owners will receive 4.76 million newly issued Stratasys shares and are eligible for another 2.38 million through the end of 2014 if certain performance ...
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Review Google Readers end hatches better service
NEW YORK - On July 1, we say goodbye to Google Reader, a handy tool for bringing headlines and articles from your favorite websites into a single place.With Reader, I've been able to see at a glance all the updates from various news services, blogs and company websites I follow. Although many of these items relate to work, I have added a few fun topics, too, including news on Antarctica and ...
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UofL professor announces candidacy for US Senate
FRANKFORT, Ky. - University of Louisville communications professor Greg Leichty has announced that he'll seek the Democratic nomination to run for U.S. Senate in Kentucky.Leichty made the announcement to his 28 Twitter followers on Sunday. He joins two other longshot Democrats - Bennie Smith of Louisville and Ed Marksberry of Owensboro - who have said they are running for the seat now held ...
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3 killed 1 wounded in Louisville condo shooting
LOUISVILLE, Ky. - Louisville police say three people are dead and a fourth is injured after a shooting at a condominium building near the Watterson Expressway.Police spokesman Dwight Mitchell said the fourth person was taken to University Hospital with what appeared to be life-threatening injuries after the shootings, reported shortly before 4:30 p.m. EDT Wednesday.Asked if there was a suspect, ...
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How the Dow Jones industrial average and other major indexes fared Wednesday
Stocks fell sharply Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank could slow its massive bond purchases this year and end them by mid-2014 if the economy improves enough. High-dividend stocks like telecommunications and utilities fell the most. Markets have been making big swings in recent weeks as traders try to anticipate when the Fed will ease back on the ...
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Calipari shows off pace car for Kentucky NASCAR race
University of Kentucky men's basketball coach John Calipari will drive this 2013 Kentucky Speedway Ford Fusion as the honorary pace car driver for the Quaker State 400 at Kentucky Speedway on June ...
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Louisville mayor wants to limit use of food stamps to buy soda
At KNM Food Mart, SNAP cards are a common form of payment, and according to the manager, another typical thing is what those customers buy: soda and other sugary ...
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3 dead 1 wounded in shootings at Lakeview Condominiums off Gardiner Lane
MetroSafe confirmed the shooting was reported at 4:27 p.m. Wednesday in the Lakeview condominium complex, located in the 1900 block of Gardiner ...
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Red Hats 1Q net up on higher subscription revenue
Red Hat Inc., the company behind the Linux open-source operating system, said Wednesday that net income in its fiscal first-quarter grew 8 percent as subscription revenue increased.Shares added $2.78, or 6 percent, to $49 in after-hours trading. Red Hat's stock has dropped 13 percent in 2013 and closed down 41 cents at $46.22 Wednesday.The Raleigh, N.C. company earned $40.4 million, or 21 ...
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Obama making plans to tackle global warming
WASHINGTON -; President Barack Obama is planning a major push using executive powers to tackle the pollution blamed for global warming in an effort to make good on promises he made at the start of his second ...
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5 points to know about the health care overhaul
Still a little hazy about the health care overhaul? You have plenty of company.About half the people surveyed earlier this spring by the nonpartisan Kaiser Family Foundation felt they didn't have enough information to understand how the law will affect their family. Among those with an annual household income of less than $30,000, some 30 percent thought the law had been repealed by ...
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Microsoft changes Xbox One policies after outcry
NEW YORK -- Microsoft is rolling back a much-criticized requirement that its upcoming Xbox One gaming console be regularly connected to the Internet and making clear that there will be no limitations on sharing games.Microsoft Corp. has been criticized for vague statements about whether it will allow Xbox One buyers to play secondhand software. Gamers also expressed distaste for a requirement ...
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4 shot fatalities reported at condo shooting
LOUISVILLE, Ky. - Louisville officials say four people have been shot and fatalities reported at a condominium building near the Watterson Expressway.A supervisor with police dispatch said there were fatalities at the scene.The shooting was reported shortly before 4:30 p.m. ...
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Online gambling websites paying Kentucky $6 million in settlement
FRANKFORT - Kentucky's General Fund is getting an unexpected $6 million windfall from the online gambling industry.Two gambling websites, PokerStars and FullTilt Poker, will pay the state $6 million in a legal settlement that stems in part from the state's ongoing effort to crack down on online gambling, Gov. Steve Beshear announced Wednesday.The extra money will give the state a ...
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News Summary Dow slides 206 points on Fed
Ben Bernanke declined Wednesday to address speculation that he will step down as chairman of the Federal Reserve in January when his term ends, saying he wanted to keep the attention on Fed ...
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Class picture leaves mother heartbroken
The redone class picture includes Miles sitting on the bench with his classmates, with the help of a caregiver. He is on the far right of the bottom row of bleachers. (Source: The ...
Louisville Digest
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Louisville recieves grant to redress racial legacy
The history of Louisville is a story of courage, human tenacity and vision, oppression, redemption, slavery and equality. Modern day Louisville has political and legal equality enshrined in its culture like any other major city in the modern world, but the blight of racism remains, in the socio-economic character of the city.
Fortunately, the W.K Kellogg Foundation is playing a part, along with many other organizations on a local and national level, in providing the city with the societal progress needed to eliminate those legacies that linger from the past, the legacy of the slave trade, of the civil rights movement and the violence and backward tendencies that accompanied them. Read more
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