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| A good job if it doesn't drive you crazy Mon, 07 Jul 2008 03:15 EDT He tells people how to drive: Brandon Miller's job is driving instructor. At 33, he's been driving for 161/2 years and teaching people to drive for eight of those years with Boone Driving School. A native Lexingtonian, he learned to drive from his parents, his grandfather and, it so happens, Boone Driving School. Door-to-door service: Miller picks up and drops off students at school, at home, or at a neutral location, such as a Speedway. Seventy percent of his students are teenagers, he says. That leaves a good 30 percent for job diversity. And since 9/11 brought stricter licensing rules, he teaches many more foreigners, too. That can present its own problems if, Miller jokes, .They don't understand my form of English.. It takes a special person: The job of driving instructor isn't for everybody. You have to work around school schedules and most Saturdays. |
| NBC Universal to buy The Weather Channel for $3.5B Mon, 07 Jul 2008 10:09 EDT NBC Universal and two partners said Sunday they have reached a deal to buy The Weather Channel from Landmark Communications Inc., ending a drawn-out process that had attracted interest from several major media companies. Financial terms weren't disclosed, but a person familiar with the matter who insisted on anonymity said the purchase price was $3.5 billion in cash. NBC was joined in the deal by the private equity firms The Blackstone Group LP and Bain Capital LLC. In addition to The Weather Channel, which can be seen by 97 percent of U.S. cable subscribers, the deal also includes several related assets such as weather services for newspapers and radio stations and the widely used Web site Weather.com. NBC Universal, a unit of General Electric Co., became the sole bidder for The Weather Channel last month after Time Warner Inc. dropped out. CBS Corp. and cable industry leader Comcast Corp. had also expressed interest earlier. NBC already operates a digital weather and news service called NBC Weather Plus that was launched in 2004 and would make a logical fit with The Weather Channel. NBC Weather Plus is owned by NBC and its affiliated TV stations and can be seen on digital cable services and digital subchannels operated by NBC stations. |
| Stocks fall on economic worries, earnings jitters Mon, 07 Jul 2008 14:54 EDT Stocks turned lower Monday as investors reacted to cautious remarks about the economy by a Federal Reserve official and worried about the financial health of Fannie Mae and Freddie Mac. Treasurys rose sharply as investors sought the safety of government debt. With Wall Street nervous about those two government-sponsored lenders and other struggling banks ahead of their earnings later this month, the Dow Jones industrial average dropped by more than 130 points. San Francisco Federal Reserve President Janet Yellen said in a speech that problems in the housing market and banking system could get even worse before the economy recovers, according to media reports. The comments added to concerns raised in a note by Lehman Brothers analysts about Fannie and Freddie possibly needing to raise more capital as the aftermath of the credit crisis continues. Worries about the ailing financial sector erased a stock rally that had been fueled by a pullback in oil prices. Oil fell at times fell by more than $5 a barrel as the dollar gained strength and as some market worries over the political tension in the Middle East appeared to dissipate. Wall Street, which has been hurtling stocks lower for the past few weeks, remains fearful that consumers faced with soaring energy prices are trimming spending in other areas. With consumer spending accounting for more than two-thirds of U.S. economic activity, a pullback could create sizable ripples. |
| Kentucky datebook Mon, 07 Jul 2008 03:15 EDT Classes Engaging Volunteers by Tapping Into Their Strengths and Interests will be presented by the Kentucky Horse Council from 6:30-8:30 p.m. July 15 at 1500 Bull Lea Road. Instructor: Lori Garkovich of the University of Kentucky's Department of Community and Leadership Development. One free admission per KHC membership; $15 all others. Registration: (859) 367-0509 or visit www.kentuckyhorse.org. Meetings The next Professional Women's Forum meeting will be a networking event from 5:30-7:30 p.m. Wednesday at the Signature Club on Lansdowne Drive. Reservations to prowomensforum@aol.com. |
| Consider options for second half Mon, 07 Jul 2008 03:15 EDT NEW YORK . After a bloody first six months of the year, some investors who had been holding out for a resurgent second half are now wondering what to hope for. With the Dow Jones industrial average losing 14.5 percent in the first half, its worst start since 1970, it's understandable that some stock owners would be ready to break from the market altogether. Indeed, the question on some minds seems to be not where to invest but whether to invest. But market observers say it's important to remember that sometimes-scary pullbacks can overshadow segments of Wall Street that are still making money, and that making even minor adjustments to a portfolio can leave it stronger in market downturns. But Wall Street's swoon has prompted investors to pull huge sums from stocks. |
| Personnel file Mon, 07 Jul 2008 03:15 EDT Architecture GBBN Architects: Todd R. Dunaway has joined the firm's Louisville and health care teams. Ricci Greene Associates: Jared Altobello has joined the justice design and planning firm as a designer. Engineering |
| Almighty dollar losing its punch Mon, 07 Jul 2008 03:15 EDT WASHINGTON . Things in the U.S. sure are tough. Brother, can you spare a euro? Signs saying .We accept euros. are cropping up in the windows of some Manhattan retailers. A Belgium company is trying to gobble up St. Louis-based Anheuser-Busch, the nation's largest brewer and iconic Super Bowl advertiser. The almighty dollar is mighty no more. It has been declining steadily for six years against other major currencies, undercutting its role as the leading international banking currency. The long slide is fanning inflation at home and playing a major role in the run-up of oil and gasoline prices everywhere. Vacationing Europeans are finding bargains in the United States, while Americans in Paris and other world capitals are being clobbered by sky-high tabs for hotels, travel and even sidewalk caf.s. Northern border-city Americans who once flocked into Canada for shopping deals are staying home; it's the Canadians flocking here now. |
| Conventions Mon, 07 Jul 2008 03:15 EDT Events scheduled for Lexington, including headquarters and expected attendance: Division of Geographic Information, 2008 Annual GIS Conference: Today-Tuesday, Marriott Griffin Gate, 400. Kentucky County Judge-Executive Association: Tuesday-Saturday, Hyatt Regency Lexington, 400. Kentucky Farm Bureau, Young Farmers Summer Conference: Thursday-Sunday, Crowne Plaza Campbell House, 150. |
| Kentucky by the numbers Mon, 07 Jul 2008 12:49 EDT Estimate based on: . 14,459 non-Fayette County participants . 2.34 spectators per participant . $699,342 projected lodging expenditure |
| Kentucky Money Market Mon, 07 Jul 2008 11:12 EDT |
| InBev seeks ouster of Anheuser board Mon, 07 Jul 2008 12:54 EDT Brewer InBev turned up the heat in its hostile, $46 billion bid for Anheuser-Busch, announcing Monday that it will attempt to remove the company's entire board. An alternate board, which would include Adolphus Busch IV, the uncle of Anheuser CEO August Busch IV, will give shareholders "a direct voice" in the takeover, InBev said. InBev plans to file a preliminary consent solicitation with the U.S. Securities and Exchange Commission Monday, asking Anheuser's board to consult shareholders over the firing of 13 current board members. Shareholders have the right to sue Anheuser's board if they feel the directors are not acting in their best interest. A majority of shareholders would need to back InBev's plan. The Belgian-based maker of Stella Artois wants Anheuser to respond within 10 days. |
| Fed, SEC team up to prevent financial risks Mon, 07 Jul 2008 13:19 EDT Financial regulators on Monday announced an information-sharing agreement aimed at better detecting potential risks to the U.S. financial system. The pact between the Federal Reserve and the Securities and Exchange Commission should enhance regulatory cooperation between the two agencies, allowing them to more effectively carry out their regulatory duties, officials said. Under the agreement, the two agencies will swap information and cooperate across a number of important areas of common interest, including anti-money laundering efforts, bank brokerage activities as well as on clearing and settling financial transactions conducted by both banks and investment firms. The Fed is the main regulator of banks, while the SEC oversees Wall Street investment firms. The two agencies have been working together more closely - especially since March with the near collapse of investment firm Bear Stearns. JPMorgan Chase & Co. took over Bear Stearns after a run plunged the troubled firm to the brink of bankruptcy. |
| Microsoft may talk with Yahoo if board is ousted Mon, 07 Jul 2008 14:24 EDT Microsoft Corp. threw its weight behind investor Carl Icahn's effort to oust Yahoo Inc.'s board next month, saying Monday that a successful rebellion would encourage the software maker to renew its takeover bid for Yahoo or negotiate another multibillion-dollar deal. The development gives Icahn a huge carrot to dangle before Yahoo shareholders as he wages a campaign to oust Yahoo's nine directors at the company's annual meeting Aug. 1. Microsoft's support of Icahn also intensifies the pressure on Yahoo co-founder and Chief Executive Jerry Yang, whose handling of the earlier sales negotiations with Microsoft infuriated many shareholders. If he seizes control of the board, Icahn has promised to fire the 39-year-old Yang as CEO and replace him with a more seasoned leader. Icahn has been arguing that a purge of the Yahoo board is the only way to salvage a deal with Microsoft - a position that the Redmond, Wash.-based software maker backed with its Monday statement. |
| The buck doesn't stop here; it just keeps falling Mon, 07 Jul 2008 00:07 EDT Things in the U.S. sure are tough. Brother, can you spare a euro? Brazilian Supermodel Gisele Bundchen no longer wants to be paid in dollars. Signs saying "We accept euros" are cropping up in the windows of some Manhattan retailers. A Belgium company is trying to gobble up St. Louis-based Anheuser-Busch, the nation's largest brewer and iconic Super Bowl advertiser. The almighty dollar is mighty no more. It has been declining steadily for six years against other major currencies, undercutting its role as the leading international banking currency. The long slide is fanning inflation at home and playing a major role in the run-up of oil and gasoline prices everywhere. Vacationing Europeans are finding bargains in the U.S., while Americans in Paris and other world capitals are being clobbered by sky-high tabs for hotels, travel and even sidewalk cafes. Northern border-city Americans who once flocked into Canada for shopping deals are staying home; it's the Canadians flocking here now. Everything made in America - from goods to entire companies - is near dirt cheap to many foreigners. Meanwhile, American consumers, both those who travel and those who stay at home, are seeing big price increases in energy, food and imported goods. The dollar has lost roughly a quarter of its purchasing power against the currencies of major U.S. trading partners from its peak in 2002. |
| Fuel miseries spark scooter, RV vacation interest Mon, 07 Jul 2008 08:13 EDT Record gas prices peaking above $4 throughout most of the nation have sent Americans into cost-cutting mode, rethinking everything from commuting to summer vacations. Anthony Paynter, head salesman at Lexington Motorsports, said that moped and scooter sales jumped have jumped 60 percent since last year. Not only that, but the amount of people bringing in old mopeds to get them refurbished and road ready has soared. But Jamie Griffin of Northside RVs in Lexington points out that if you're try to save money on vacation, a family could fly or drive to a destination, book hotels, and have to dine out for every meal. Or, if you own an RV, just hop in and drive as far as you want. .Whereas before people would take that summer trip to Florida or Myrtle Beach in their RV, now they're not going somewhere 700 miles away,. Griffin said. .Now it's maybe 70 miles away.. |
| OK, UK fans: Can you bleed plaid? Mon, 07 Jul 2008 11:22 EDT One official color wasn't enough. The University of Kentucky now has an .official blue plaid. By this fall, the first plaid items . a UK tie for men and a silk scarf for women . will be on sale, but no price information yet. Every fan's dream is about to come true: at least one plaid tie or scarf for Christmas. |
| Loose Change Mon, 07 Jul 2008 08:33 EDT |
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