Latest Kentucky News
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U.S. auto factories cutting back on summer downtime
DETROIT The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks. Ford Motor Co. said Wednesday that 21 of its North American factories will shut for only one week this summer. That includes the Chicago plant that makes the Ford Explorer SUV and the Mexican plant ...
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Lowes 1Q profit rises but results miss Street
Lowe's first-quarter net income rose almost 3 percent, even as a wet and cool spring dampened sales of gardening products.But the home improvement chain's quarterly performance missed Wall Street's expectations. Its shares dropped more than 4 percent in premarket trading Wednesday.Spring is the biggest season for home improvement retailers. While the weather was chilly in the ...
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Targets 1st-qtr profit drops 26 pct on weak sales as weather financial pressures take toll
Target Corp. is reporting a 26 percent drop in first-quarter profits as cool temperatures and financial pressures limited customers' appetite for spending. The company, based ...
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IMF calls on Britain to do more for growth
LONDON - The International Monetary Fund has called on the British government to do more to support the country's recovery now that it has started to ease the pace of its budget austerity measures.In its assessment of the British government's economic policies, the IMF applauded Wednesday the "flexibility" shown by Treasury chief George Osborne but said the government ...
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Maine casino sale awaits state approval
AUGUSTA, Maine - Maine's Gambling Control Board has ruled that the Oxford Casino won't be asked to apply for a new operator's license if a sale to the company that owns the home of the Kentucky Derby is approved.Oxford Casino owners announced the $160 million sale in March to Churchill Downs Incorporated Properties, the parent company of Churchill Downs Racetrack.Oxford Casino ...
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Former travel commissioner Bob Stewart is new Ky. tourism secretary
Bob Stewart, Kentuckys Commissioner of Travel from 1992-2003, has been named secretary of the states Tourism, Arts and Heritage Cabinet. As Business First reports, Gov. Steve Beshear announced the appointment yesterday. He will succeed Marcheeta Sparrow, who announced her retirement last week. Stewart has also worked as deputy commissioner of the Kentucky Department of the Arts, as executive ...
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Clarksville council approves stormwater plan for old Colgate plant
A vote by the Clarksville Town Council is expected to aid the redevelopment of the old Colgate plant, which has languished over stormwater concerns. The Courier-Journal reports that the council approved $16,000 to hire an engineering firm to complete plans for new sewer line extensions near the site, which officials believe will allow the capping of an existing line that allowed 400,000 gallons ...
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Comfy Cow looking at downtown New Albany
The downtown New Albany restaurant scene has grown by leaps and bounds in recent years, and the city may be set to welcome another offering. The News and Tribune reports that The Comfy Cow, the Louisville-based ice cream and dessert parlor that has three current locations, is considering opening a fourth store at 109 Market St. Co-owner Roy Koons-McGee tells the newspaper that no deal has been ...
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Lexington council will consider food truck pilot program
The Lexington City Council is set to debate the issue of food trucks. Business Lexington reports that a work group, made up of council members and ex-officio members from downtown organizations, the mayors office and downtown businesses and restaurants, has put together a pilot program for the council to consider. Under the program, mobile food vendors who are currently licensed could operate ...
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20-plus buildings about to go away to make room for downtown bridge
That smoke you see emanating from Kremers Smoke Shoppe may have nothing to do with fine cigars. It may be coming from patrons who are miffed about the iconic stores impending demolition. As WDRB-TV reports, the smoke shop on East Jefferson Street, which has had a few locations since its founding in 1914, is one of more than 20 buildings on either side of the river that lay in the path of the new ...
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ESPN confident that story lines will sell Indy 500 coverage
TV ratings for the Indianapolis 500 dropped precipitously in the 1990s as NASCARs popularity soared, and finally bottomed out in 2008. But as The Indianapolis Business Journal reports, ESPN believes some developing story lines for this years race will boost ratings. Those include four women rolling off the starting grid, a local driver on the pole and a group of dynamic rookies, IBJ ...
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NIH awards $3M grant to UK pharmacy professors firm
A University of Kentucky pharmacy professors start-up company has been awarded a $3 million grant from the National Institutes of Health to test and market a nasal spray that counteracts opioid overdoses. The Lexington Herald-Leader reports that AntiOp Inc., started by professor Dan Wermeling, will receive the money over three years to continue his work on naloxone. The drug is currently used in ...
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Cincy-area supply chain company expands moves headquarters
SPA Inc., a Cincinnati-area distribution, warehouse, logistics and packaging company, will expand and move its headquarters from Loveland, Ohio to nearby Milford. The Business Courier of Cincinnati reports that the company has signed a 10-year lease for 200,000 square feet of space, an increase of about 50,000 square feet. The company provides three main services: distribution of consumer ...
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HH Gregg stock tumbles after poor earnings report
The Indianapolis-based electronics and appliances retailer hh gregg, which has three stores in the Louisville area according to the companys web site, saw its stock drop nearly 12 percent Tuesday after a poor fourth-quarter earnings report. According to The Indianapolis Star, the company had reported an 82 percent drop in net income for the three months ending March 31. The report is impacted by ...
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Ahead of the Bell HPs 2Q results likely to sag
SAN FRANCISCO - Hewlett-Packard will provide an update on its efforts to rise above the sinking PC market when it releases quarterly earnings Wednesday after the closing bell.The quarter will likely reveal how far HP still must go.Revenue is expected to fall, which would make it the seventh consecutive quarter of comparable declines. Management has already predicted shrinking profits, although ...
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Ky. ranks No. 1 for whitetail trophy hunters
LOUISVILLE, Ky. - A magazine says Kentucky is No. 1 when it comes to whitetail deer hunting.The latest issue of Outdoor Life ranks the Bluegrass State as the top whitetail trophy state in the country.The magazine's June/July issue is available on newsstands.The publication says western Kentucky was especially noteworthy for producing a relatively high number of trophy bucks.In tallying the ...
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Weight on Ashland bridge restricted after wreck
ASHLAND, Ky. - A wreck on an Ashland bridge has prompted the Kentucky Transportation Cabinet to impose a temporary 10-ton weight limit on the span.The cabinet says the wreck damaged part of the 12th Street bridge's superstructure and occurred as the bridge was hit by a vehicle on the Ohio approach span.After examining damaged steel beams Tuesday, bridge inspectors determined the bridge ...
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Bank of England remains divided on stimulus
LONDON -; The Bank of England's policymakers remain divided on whether to provide more stimulus to the flat-lining economy, according to the minutes of their meeting in ...
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Sony mulls hedge funds entertainment sale idea
TOKYO -; Sony's CEO Kazuo Hirai says the company's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music ...
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W.Va.s local-food movement a model for Appalachia
MORGANTOWN, W.Va. - With eight in 10 farmers making less than $10,000 a year, West Virginia will never rival big Midwestern factory farms in producing food. But creative collaborations with food entrepreneurs are seeding a new kind of economy that federal officials say could become a model for 12 other Appalachian states.Officials with the Appalachian Regional Commission, the U.S. Department of ...
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Elderly couple victims of east Louisville armed home invasion
LOUISVILLE, KY (WAVE) - An elderly couple was forced down on the floor at gunpoint in their own east Louisville home. Louisville Metro police are looking for two gunman who stole the couple's car after the violent home invasion that took place on Shenandoah Drive off Chamberlain Lane Tuesday. "I'm really surprised," said neighbor George Roberts. Many people, like Roberts, ...
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Mans best friend to the end Dog stands watch over owners body in tornado wreckage
MOORE, OK - The Oklahoma County Sheriff's office tweeted a photo of a frightened, muddy dog Monday after a deadly EF-5 tornado ripped through the town. The comment accompanying the photo said, "scared, but this little pup survived." On Tuesday, the photo became more poignant when the owner's body was discovered near where the pup was standing watch. "Man's best ...
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PRPs Miller sets new record with win 1007
LOUISVILLE, KY (WAVE) - Bill Miller now stands alone. He is the all-time winningest baseball coach in Kentucky high school history. Pleasure Ridge Park's 12-0 win at home over Valley on Tuesday night in a 21st district semifinal was win #1,007 for Miller. That is one more than Larry Gumm won at Green County. Miller is 1,007-264 in 34 seasons as the Panthers head coach."I didn't ...
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New ordinance cracks down on parents allowing underage drinking parties
SHELBYVILLE, KY (WAVE) – The Shelbyville City Council is in the process of adopting a new ordinance that makes it easier to hold parents responsible if underage drinking goes on at their house. "Sometimes as parents if we are not careful we become their friend, instead of their adult," said Mike Zoeller, Shelbyville City ...
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Restaurant learns online reviews can make or break
PHOENIX -- It was the customer service disaster heard around the Internet.An Arizona restaurateur, fed up after years of negative online reviews and an embarrassing appearance on a reality television show, posted a social media rant laced with salty language and angry, uppercase letters that quickly went viral last week, to the delight of people who love a good Internet meltdown."I AM NOT ...
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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