Business

Business Notes

Kentucky

Keeneland yearling sale to have record-high catalog

Keeneland's annual September yearling sale has catalogued a record 5,555 horses, topping last year's by two, the auction house said Tuesday. The sale, from Sept. 8 through Sept. 23, with no sales Sept. 12, includes yearlings by top sires such as Smart Strike, Tiznow, A.P. Indy and Distorted Humor, as well as young sires such as Afleet Alex and Smarty Jones. Last year's sale grossed more than $385 million, the second-highest total, with a record 3,799 yearlings sold. Recent September sale graduates include Horse of the Year Curlin and 2007 Belmont winner Rags to Riches.

Jobless claims rise in 108 counties

Unemployment rates rose in 108 of Kentucky's 120 counties between June 2007 and June 2008. The state's lowest jobless rate was 5 percent in Woodford County, followed by Fayette County's 5.2 percent, according to the state Office of Employment and Training. Magoffin County had the state's highest rate, 11.8 percent.

national

Satellite radio firms complete merger

Whole Foods' long-running effort to acquire its rival organic supermarket chain Wild Oats isn't completely out of the legal woods yet.A three-judge federal appeals court panel on Tuesday overturned a lower court ruling from last year that allowed Whole Foods Market Inc. to acquire Boulder, Colo.-based Wild Oats Markets Inc.The 2-1 ruling sends the case back to the lower court for further consideration, but doesn't halt Austin, Texas-based Whole Foods' integration of the Wild Oats chain or require that the deal be undone.However, if the district court ultimately rules in favor of the Federal Trade Commission, which sought last year to block the deal, it could disrupt Whole Foods' efforts to combine the companies.

XM Satellite Radio and Sirius Satellite Radio said Tuesday they have completed their long-pending merger. The combined company plans to use the name Sirius XM Radio Inc. Its stock will continue to be traded on the Nasdaq under the ticker symbol SIRI.

Starbucks cuts 1,000 non-store jobs

Starbucks Corp., which already plans to shut 600 stores, said Tuesday it is also cutting almost 1,000 non-store jobs.The chain also said it will close 61 of its Australian stores.

Compiled from Staff, wire reports

  Comments