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The possible sale by General Electric Co. of its 101-year-old appliance business makes sense as consumer sales fall and financing continues to be squeezed, analysts said Thursday.
Congress responded speedily to voters' angst over rising grocery prices and $4-a-gallon gasoline Thursday, bucking President Bush's veto threats with lopsided votes to boost food stamps and farm subsidies -- after ordering Bush to quit pouring oil into the nation's emergency reserves.
Lexingtonians drive by Central Kentucky's famous horse farms, but how often do they have a chance to go through the gates and drive up to the barns, talk to employees and see the horses up close? Like most people, very seldom.
Oil prices continued to rise Friday after a whipsaw overnight session that paired the expiration of options with a bevy of news that swung the price of oil per barrel in a $6 range.
Churchill Downs filed suit Wednesday against Kentucky horsemen to stop them from blocking Internet wagering and Florida's off-track betting sites. The complaint, filed in U.S. District Court in Louisville, alleges that Kentucky horse trainers and owners have joined with horsemen in 15 other states to force Churchill Downs to give them a bigger share of the revenue from advance-deposit wagering, which includes Internet wagering.
Toyota's Prius started out a decade ago as a risky experiment in green technology. Today, it's the world's first mass-produced gas-electric hybrid vehicle to hit the one million mark in sales.
Some barrels are just more special than others. Wednesday, after it was filled, Buffalo Trace Distillery employees past and present rolled the 6-millionth bourbon barrel produced since Prohibition into a special warehouse built to hold just one barrel. Then, several employees formed a line to autograph the barrel.
Foreclosure filings increased in 43 states in April, but Kentucky saw a 26.4 percent decrease when compared with April 2007. The state also had a 26.2 percent decline in filings from March 2008, according to RealtyTrac, a California company that monitors foreclosures.
Toyota Motor Corp. is considering building a new plant to make low-cost, small cars for emerging markets, a spokeswoman said. The automaker, which has announced plans to open a small-car plant in India, is in the early stage of planning for a second factory in an emerging country, said a spokeswoman who asked not to be named because of company policy. Toyota has not decided details such as the location, production capacity and the time line for the plant, she said.
Ceradyne Inc. has received a $31.5 million order for ceramic body armor from the U.S. Army's Aberdeen Proving Ground in Maryland. The order is for what are called enhanced side ballistic inserts, to be delivered from September to November. The armor is made by Ceradyne plants in Lexington and in Costa Mesa, Calif. U.S. troops in Iraq and Afghanistan wear them as protection against bullets and bombs. Ceradyne's stock trades on Nasdaq as CRDN.
The number of newly laid off workers applying for unemployment benefits rose slightly last week, indicating the weak economy was still weighing on the job market.
Wall Street looked to extend its advance Thursday ahead of government data on industrial production, housing and jobless claims that might deliver more insight about the economy's direction.
Beginning Wednesday afternoon, horses at Churchill Downs will be running for 20 percent less money. The purse cuts, announced last week, prompted horse trainers and owners to meet Tuesday evening to consider how to deal with the decrease, which they see as retaliation for demanding more money from Internet betting.
Ceradyne Inc. has received a $31.5 million order for ceramic body armor from the U.S. Army's Aberdeen Proving Ground in Maryland. The order is for what are called enhanced side ballistic inserts, to be delivered from September to November.
Foreclosure filings increased in 43 states in April, but Kentucky saw a 26.4 percent decrease when compared with April 2007. The state also had a 26.2 percent decline in filings from March 2008, according to RealtyTrac, a California company that monitors foreclosures.
Developer Dudley Webb met with a skeptical audience Tuesday when he talked to professionals in the tourism industry about the market for an upscale high-rise hotel that he hopes to build downtown.
Most Lexington business owners know the Alltech FEI World Equestrian Games will be at the Kentucky Horse Park in 2010. Fewer know that the 37th Ryder Cup begins in Louisville in just 126 days, delivering a $120 million-plus boost to Kentucky's economy.
Americans facing rising gasoline and diesel prices are walking the walk, saddling up and singing out. Allan Peerce, 53, a sign maker, said he's been accused of trying to drum up business for his shop in Leitchfield, Ky., by riding his horse to jobs and the bank. But Peerce says he already has more business than he can handle and is concerned for truckers whose rig doors he adorns with his artwork.
Following in the steps of the world's largest retailer, Kroger announced Tuesday that it is expanding its generic drug discount program by offering 90-day prescriptions for $10. The company also is adding several women's medicines to its generic discount program. The medicines, which include hormone replacements and drugs used to treat osteoporosis and breast cancer, will cost $9 for a 30-day supply or $24 for a 90-day supply. Wal-Mart Stores Inc. made a similar announcement last week. Kroger began...
