Latest Kentucky News
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Louisville Extreme Park
In the early 2000s extreme sports, particularity skateboarding, gained a lot of popularity. With many young people taking up the sport, many cities looked to solutions to curtail dangerous skateboarding in the streets. Thus ...
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Procter Gamble brings back A.G. Lafley as CEO
NEW YORK -- Procter & Gamble is bringing back former CEO A.G. Lafley, a 33-year industry veteran, to its top post in a surprise move as the world's largest consumer goods maker tries to improve its results globally.Lafley, 65, replaces CEO Bob McDonald, effective immediately. McDonald, who will retire June 30 after a transition period, served as CEO since 2009. Lafley, who is also ...
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6 tips on managing your 401 plan effectively
The run-up in stock prices this year could tempt even the most hands-off investor to wade into their 401(k) and make some changes.The Dow Jones industrial average, Nasdaq and Standard & Poor's 500 indexes are each up more than 20 percent over the past 12 months. But experts suggest investors tread cautiously and avoid major changes aimed at timing the market."It's a retirement ...
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Gap back in style as 1Q profit jumps 43 percent
FILE - In this Tuesday, Feb. 26, 2013, file photo, a shopper walks down the steps at a Gap store in Los Angeles. The Gap Inc. reports quarterly financial results after the market closes on Thursday, May 23, ...
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About 40 volunteers clean up Frankfort State Hospital and School Cemetery
Executive Director of the Commonwealth Counsel on Developmental Disabilities Pat Seybold, of Frankfort, cleared grass off of a grave marker during the cleanup at Frankfort State Hospital and School Cemetery, organized by Kentucky Protection and Advocacy in Frankfort on Thursday, May 23, 2013. "Commonwealth Counsel on Developmental Disabilities and Protection and Advocacy are under the same ...
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Couple displaced after sinkhole opens in basement
A couple living on the first floor has been displaced. A resident who lived on the second floor recently moved out. The problem began back in January when the sinkhole developed underneath the back steps of the home. The Metropolitan Sewer District (MSD) says the problem was caused by a crack in a 10 to 12 foot sewer pipe. MSD filled in the sinkhole, but early Thursday morning the sewer pipe ...
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Winning lottery tickets leads to burglary arrest
LOUISVILLE, KY (WAVE) - An attempt by a man to cash in a couple of lottery tickets landed him in handcuffs. The problem - Louisville Metro Police say the tickets were stolen. According to police, Travis Cress broke into a Clark Gas Station in Louisville on May 12 by breaking a window. Officers say Cress stole cartons of cigarettes, a cash drawer and lottery tickets. After his arrest, Cress was ...
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Boil Water Advisory issued in Jefferson County lifted
LOUISVILLE, KY (WAVE) - The Louisville Water Company has lifted a boil water advisory for the Windsor Forest neighborhood. Tests conducted by the LWC confirmed the water is now safe to drink. The advisory was issued Wednesday after the water main serving the neighborhood was severed. Residents in the area who have an automatic ice machine are advised to fill and discard the ice twice before ...
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Merck ends development of Parkinsons disease drug preladenant based on study results
WHITEHOUSE STATION, N.J. - Merck & Co. says it is ending development of an experimental Parkinson's disease drug because the drug wasn't working. Merck says it reviewed initial data from three late-stage clinical trials and did not find evidence preladenant was more effective than a placebo. The company says it doesn't plan to file for marketing approval of the drug. It ...
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ECBs Draghi Imperative to set up new bank body
FRANKFURT, Germany -; European Central Bank President Mario Draghi said it was "imperative" that Europe's leaders create a new agency with powers to restructure busted banks in order to help the region leave its economic and financial crisis behind it once and for ...
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Tea party vs. old guard in Senate GOP rift
FILE - In this Feb. 7, 2013, file photo, Senate Armed Services Committee member Sen. John McCain, R-Ariz., right, questions Defense Secretary Leon Panetta and Joint Chiefs Chairman Gen. Martin Dempsey, on Capitol Hill in Washington. The committee's ranking Republican Sen. James Inhofe, R-Okla. listens at left. A long-simmering feud in the Senate between establishment Republicans and tea ...
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Money market fund assets rose to $2.601 trillion
NEW YORK - Total U.S. money market mutual fund assets rose $19.53 billion to $2.601 trillion for the week that ended Wednesday, according to the Investment Company Institute.Assets of the nation's retail money market mutual funds rose $1.33 billion to $893.78 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category rose ...
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Tobacco farmers notch legislative victory
LOUISVILLE, Ky. - Tobacco farmers long on the defensive notched a victory when the U.S. Senate defeated an attempt to eliminate the federal insurance program for the embattled crop.The vote came Thursday as the Senate crafts a five-year farm bill.The amendment proposed ending $33 million a year in insurance policies for tobacco farmers.Senate Minority Leader Mitch McConnell called the ...
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Summary Box Stocks recover from an early swoon
UPS AND DOWNS: Stocks plunged at the opening of trading but recovered by midday. A rout overseas and in the early going on Wall Street was set off by a slowdown in China and worries that the Federal Reserve might slow down its bond purchases. By the afternoon the U.S. market had recouped nearly all of its loss.BUCKING THE TREND: Hewlett-Packard surged $3.63, or 17.1 percent, to $24.86 after the ...
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GM aims new Chevy Cruze diesel at Volkswagen Jetta
DETROIT - The marketing people at Chevrolet make no secret of the goal for the new diesel version of the Chevrolet Cruze: Take sales from Volkswagen.In fact, they're rolling out the car in 13 markets where VW sells the most diesel versions of its Jetta, another compact."Jetta owns the segment," concedes Phil Caruso, small-car marketing manager for the General Motors' Chevy ...
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UofL trustees panel backs 3 percent tuition hike
The state Council on Postsecondary Education set a 3 percent ceiling for tuition increases at public colleges and universities for the upcoming academic ...
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St. Albans Police Chase
St. Albans , Kanawha County , West Virginia Deputies said a parolee led them on a wild chase near St. Albans Thursday at speeds of up to 80 miles per hour on narrow two lane roads.Frank Shamblen finally pulled over as other police units cut him off on a gravel road just outside Saint Albans. Wearing an electronic ankle monitor, Shamblen told a trooper he was out on parole for ...
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Judge reverses decision allows Banis to testify
LOUISVILLE, KY (WAVE) – Another twist took place in the trial of Jeffrey Mundt on Thursday. Judge Mitch Perry reversed his decision and will allow Joseph Banis to testify in the case. Banis, the ex-boyfriend and co-defendant of Mundt, refused to testify on May 20 after he was denied a new trial. After a jury found Banis guilty of complicity to murder in March for the death of Jamie ...
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Councilwomans initiative topples second Parkland home
LOUISVILLE, KY (WAVE) – Another abandoned home has been demolished in Louisville's Parkland neighborhood thanks to a joint effort between neighbors and Louisville Metro Council. "I'd like to see another one go," said Kevin Madison as he watched crews knock down the abandoned house that once stood at 3020 Hale Avenue. Madison grew up on the street and said over the ...
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Central High Schools pool refurbished and open
Dr. Daniel Withers Brionna Thompson Swimmers take to the water for the first lap in at Central High School Aquatic Center. Central's wrestlers trying out their new practice ...
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KSP seeks leads on wallet theft suspect
FRANKFORT, KY (WAVE) - Kentucky State Police are asking for the public's help in tracking down a man accused of taking an elderly woman's wallet. According to KSP, the man seen in the photo with this story took the wallet out of the woman's purse while she was shopping at the Walmart in Shelbyville on April 3. The man then used the card on the same day at the Frankfort Walmart. ...
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Detours planned for I-65 at Horse Cave
BOWLING GREEN, KY (WAVE) – If you travel Interstate 65 between Bowling Green and Elizabethtown, get ready for some traffic changes. Beginning Wednesday, May 29, northbound lanes of I-65 at the Exit 58 interchange at Horse Cave will close due to new beams being set on the bridge over I-65. Traffic will be detoured up the ramp, across KY 218, and back on to I-65. This work will begin at ...
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Sears reports bigger-than-expected 1Q loss
Sears Holdings Corp. reported a steeper-than-expected loss for its first quarter as the beleaguered retailer struggles to turn itself around.The operator of Sears and Kmart stores also says it is considering putting its service-agreement business up for sale to raise cash.The Hoffman Estates, Ill.-based company says it lost $279 million, or $2.63 per share for the period. That compares with a ...
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Gaps 1st-quarter profits rises 43 percent
After years of struggling, Gap is back in style.Gap Inc., which owns the Gap, Old Navy and Banana Republic clothing chains, reported on Thursday a 43 percent increase in its fiscal first-quarter net income, as the company continues to reap benefits from the turnaround plan that it began early last year. The company, based in San Francisco, also reiterated its full-year earnings outlook.The ...
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Pandora posts in-line 1Q loss upbeat sales
Internet radio company Pandora reported higher-than-expected revenue in the latest quarter, with losses in line with analysts' forecasts, as the number of subscribers who pay for ad-free listening rose above 2.5 million.The net loss in the three months ending April 30 grew to $28.6 million, or 16 cents per share, from a loss of $20.2 million, or 12 cents per share, a year ago.Excluding ...
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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