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| 99.9-cent gas too good for drivers to pass up Wed, 02 Jul 2008 01:53:00 EST The prospect of 99.9-cent gasoline brought hundreds of motorists to the corner of Baxter Avenue and Broadway yesterday with a line of cars stretching about a mile and a half back to downtown. |
| Arena contract dispute brewing Tue, 01 Jul 2008 22:50:00 EST A Louisville engineering firm is alleging that the company overseeing the construction planning of the downtown arena improperly awarded a contract for excavation, utilities and foundation work. |
| June auto sales hit the skids Wed, 02 Jul 2008 01:44:00 EST Automakers yesterday reported double-digit sales losses in June as rising prices and the slumping economy continued to freeze household spending. |
| Manufacturers feeling cost crunch Tue, 01 Jul 2008 22:50:00 EST Each week, Ira Cooper opens a letter from another supplier with the same message as the last: We're raising our prices, effective immediately. We can't tell you how long the new prices will last. |
| Starbucks de-cafe-nating: 500 more stores to close Tue, 01 Jul 2008 22:48:00 EST In its most significant pullback yet from its U.S. expansion, Starbucks said yesterday that it will close an additional 500 stores and cut 7 percent of its work force. |
| Are there any risks in getting a 30-year, fixed-rate mortgage? Tue, 01 Jul 2008 22:51:00 EST A: The risks are low because you're protected against rising rates and you'll know what the interest and principal part of your payment will be. But if interest rates go down, your payment won't change unless you refinance. And, Freddie Mac points out, since 30-year rates may be higher than adjustable-rate mortgages, you might not qualify to borrow as much. |
| Business Digest Tue, 01 Jul 2008 22:59:00 EST |
| Business Watch Tue, 01 Jul 2008 22:49:00 EST |
| Business people Wed, 02 Jul 2008 16:13:00 EST |
| Report: Microsoft seeks help for another Yahoo bid Thu, 03 Jul 2008 01:28 EDT Unable to strike a deal on its own, Microsoft Corp. reportedly is hoping to snap up Yahoo's online search operations with the help of News Corp. and Time Warner Inc. The latest twist in Microsoft's convoluted courtship caused Yahoo's shares to rise more than 3 percent in Wednesday's sinking stock market, even though the chances of a deal getting done still seemed remote. If nothing else, the enthusiastic reaction to the unconfirmed report in The Wall Street Journal served as another reminder that investors want Yahoo to pursue a different path than the one mapped out by Chief Executive Jerry Yang. And that could be bad news for Yang, who started Yahoo as an Internet directory 14 years ago. Unless he can sway shareholder sentiment before Yahoo's annual meeting Aug. 1, Yang could lose his job in a boardroom coup being attempted by investor Carl Icahn. Recognizing Yahoo's vulnerability, Microsoft is trying to recruit News Corp., Time Warner's AOL or other media partners to put together a joint bid that would slice Yahoo into pieces, according to the Journal. The story cited undisclosed people familiar with the discussions. |
| Stocks drop after new record for oil prices Wed, 02 Jul 2008 23:53 EDT Wall Street resumed its sell-off Wednesday after oil hit a new record and a bearish analyst report renewed concerns that General Motors Corp. could run out of cash. The stock market's pullback, which accelerated in the final hours of the week's last full trading session, left the Dow Jones industrial average officially in bear market territory, with the blue chips having fallen more than 20 percent from their October highs. Oil surged to new records above $144 a barrel as the government reported a bigger-than-expected drop in U.S. supplies and as investors worried about tensions in the Middle East. Fears that GM could go so far as to declare bankruptcy only added to investors' unease. The stock closed below the $10 mark for the first time since September 1954 when Dwight Eisenhower was president. Investors shrugged off better-than-expected sales figures from June and fretted about the company's cash needs. The Dow fell 166.75, or 1.46 percent, to 11,215.51, the lowest close since August 2006. It now stands 20.82 percent below its Oct. 9, 2007 record of 14,164.53. The last bear market ended in October 2002. |
| Farming in recreation area prompts lawsuit Wed, 02 Jul 2008 03:13 EDT GOLDEN POND . Environmentalists are suing the U.S. Forest Service over what they say is an illegal dole: The agency's longstanding practice of subsidizing corn and soybean farming on a nature preserve in Western Kentucky and Tennessee. Two farmers have received at least $200,000 in federal subsidies since 2000 for cultivating more than 2,100 acres in the Land Between the Lakes, an area of 235 square miles. For abiding by some restrictions and leaving 20 percent of what's planted in the field to feed wildlife, the farmers get the land for $10 an acre in an area where farmland leases for $78 to $99 an acre, according to the U.S. Forest Service and an agricultural economist. The Forest Service has issued dozens of permits for farming in national forests and national recreation areas. However, it appears only those in Land Between the Lakes receive federal subsidies, according to multiple Freedom of Information Act requests to the nine U.S. Forest Service districts, a search of farm subsidies from 2000 through 2006 and interviews. |
| Business Notes Wed, 02 Jul 2008 08:48 EDT Kentucky Taylor county picked fordistribution, sales center A South Korean-owned company has picked Taylor County for a distribution and sales center expected to employ about 75 people within two years. The company, INFAC Corp ., expects to begin manufacturing emergency brake cables at the Campbellsville Industrial Park sometime during the fourth quarter of 2008. The company is a producer and worldwide supplier of mechanical cables and electronics components for the auto industry. national |
| Keep cell phone fees in check Wed, 02 Jul 2008 03:13 EDT If you've ever incurred cell phone fees, you know that they can sting. If you've regularly been getting slapped with fees, it's probably time to change your behavior. From Amy Bickers, associate editor at Kiplinger.com, here are three ways to avoid cell phone fees: Keep track of your minutes. Keeping track of your minutes is not hard, and it is certainly worthwhile. You can check how many minutes you have used on the Internet by setting up an online account with your phone carrier. You can also check them on your phone, typically by calling into the phone company's automated system. Buy text messages in bulk. If you don't yet have a bulk plan for text messages and text frequently, it is time to look into one. |
| Fazoli's restaurants name new CEO Wed, 02 Jul 2008 08:28 EDT Carl Howard, the new CEO of Lexington-based Fazoli's .fast Italian. restaurants, has hit the ground running. Beginning last week, the 42-year-old executive has met with the corporate staff, worked day and evening shifts in the company's restaurants, and is about to start a series of meetings with Fazoli's franchise owners. The ultimate goal, Howard said in an interview Tuesday, is to get Fazoli's back on track as a growing company. .You know the old statement, .if you are not growing, you are either dying on the vine or dead on the ground.' We are going to come in and just work on doing some polishing of the brand and start to grow the concept,. Howard said. |
| Movie productions keep rolling despite uncertainty Thu, 03 Jul 2008 00:48 EDT On-location movie shoots are on the rise in Los Angeles, despite repeated warnings from Hollywood studios that the possibility of an actors strike had stalled moviemaking, a permitting group said Wednesday. Several big movies set for release next year also were still rolling the cameras Wednesday. In the five-week period ended June 24, the number of film permits increased 12 percent from 94 to 105, according to the nonprofit agency FilmL.A. Inc., which gets government permits for film producers. And during the week ended Tuesday, FilmL.A. obtained 21 permits, up from 13 in the same period a year ago, spokesman Todd Lindgren said. The brisk activity seemed to belie assertions by the Alliance of Motion Picture and Television Producers that the industry had lapsed into a "de facto strike" because of uncertainty about the potential for a strike by the Screen Actors Guild. "I wouldn't say it is the de facto strike that the AMPTP has mentioned," Lindgren said. "We are seeing the opposite." |
| Oil rises above $144 on US supply drop Thu, 03 Jul 2008 01:28 EDT Oil soared to a record above $144 a barrel Thursday in Asia, fueled by concerns over a larger-than-expected drop in U.S. stockpiles and the threat of conflict with Iran. Expectations that the European Central Bank will raise interest rates later Thursday was expected to weaken the U.S. dollar and drive oil prices even higher, as investors turn to commodities as a hedge against a falling greenback. "Even though the rise of European interest rates has been priced into oil, an official announcement by the ECB will still add momentum to oil prices," said Victor Shum, an analyst with Purvin & Gertz in Singapore. Prices may also be lifted with increased buying before U.S. oil markets close Friday for the Fourth of July holiday. "There are numerous supply-side concerns that support a strong pricing. As we head into a long weekend in the U.S., it's likely that we will see pricing bubbling away at $145," Shum added. |
| Air New Zealand to lift fares again Thu, 03 Jul 2008 01:48 EDT Air New Zealand will increase domestic and international fares from mid-July, the airline said Thursday, blaming its fourth fare hike since March on rising fuel prices. The national carrier said domestic fares and those to and from Australia will rise 3 percent from July 17, while international fares to North America, Asia and the United Kingdom will increase by an average 5 percent. The airline could not continue to absorb the rising cost of jet fuel, which is now priced above $170 a barrel, said Deputy Chief Executive Norm Thompson. The fare increases would only partly recover the rising cost, he said in a statement. The carrier raised fares on many routes by an average 4 percent last month. That followed two hikes of about 3 percent in domestic fares earlier in the year. |
| R.I. lead paint ruling ends hope of costly cleanup Thu, 03 Jul 2008 00:58 EDT Health advocates and Rhode Island officials say it will be much harder to eliminate childhood lead poisoning after the state Supreme Court overturned a landmark jury verdict that could have led to a multibillion-dollar cleanup of lead paint. The court's decision scraps the state's proposed $2.4 billion cleanup of contaminated homes that was to have been bankrolled by three former lead paint companies found responsible for creating a public nuisance. Officials say the ruling means they'll have to rely on a more piecemeal approach to fighting lead poisoning than the sweeping fix they hoped the cleanup would provide. "The lead suit could have been used to make those places safe for kids, so that we never have to worry about it anymore," said Dr. Robert Vanderslice, who deals with lead paint problems for the state Department of Health. "Instead, we're going to have to use the strategies we've been using to decrease lead poisoning," he added. "We're going to have to reinvigorate some of those efforts." |
| Chicken processor to build Marion County plant Wed, 02 Jul 2008 08:43 EDT The state has given final approval to $7.5 million in tax credits for a Marion County chicken processing plant that could bring more than 250 new jobs. The Economic Development Cabinet announced Tuesday that Rancho Poultry, a joint venture between two McDonald's suppliers, plans to build a $43 million, 100,000-square-foot plant in Lebanon. The Kentucky Economic Development Finance Authority gave preliminary approval for the tax credit two months ago. Sanchez-Keystone Foods, which will operate the plant as Rancho Poultry, is a partnership between Keystone Foods of Pennsylvania and Lopez Foods in Oklahoma, said Tom Lund, executive director of the Lebanon/Marion County Industrial Foundation. |
| College students get real-world experience at Farm Credit offices How do you get a job without experience? |
| Great Escape goes 3-D Alliance Entertainment, LLC, recently announced the addition of 3-D digital projection at the Great Escape 14 stadium cinemas in Bowling Green. |
| building permits: June 2 - 25, 2008 Freeman McIntyre, residential addition permit for storage building at 116 Magnolia Drive. |
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