Business news


A Madisonville machine shop is reopening and creating 14 jobs in the process. 

CR Machine Shop previously as a supplier for Alliance Coal company but closed once the owner retired.  But, Alliance moved to purchase the business’ assets in August, effectively reopening the shop.  

Rising wages and cheap loans are setting the stage for a strong holiday season, according to retailers, consultants and pollsters.

On Tuesday, the National Retail Federation predicted a 3.6-percent increase in holiday sales, compared with 2015. That's considerably better than the 10-year average gain of 2.5 percent for the holiday period.

urospoteko, 123rf Stock Photo

Medical marijuana sales reached more than $3.8 million last month at licensed dispensaries throughout Illinois.

Natalia Merzlyakova, 123rf Stock Photo

Approximately 7,000 Kentuckians on Baptist Health Plan will have to find a new insurance provider next year. The state’s fourth-largest insurer said in a letter to state officials they will no longer sell individual policies in the commonwealth. 

Becca Schimmel | Ohio Valley ReSource

The international refugee crisis caused by people fleeing the war-torn Middle East has been a high-profile issue in the presidential campaign. Becca Schimmel of Ohio Valley ReSource reports.

Joseph Kelly, Murray KY

  A new electronic trading platform for emerging commodities is setting the stage for Hemp to enter the trade market. Seed CX is a swap execution facility regulated by the U.S. Commodity Futures Trading Commission. Affiliates met with industry leaders in Chicago early this week to discuss the future of hemp.

A Lexington-based trade consulting group is preparing for a business trip to Cuba in 2017.

Sergey Kuzmin, 123rf Stock Photo

"Should We Raise the Minimum Wage?" is the title of a debate at Murray State University on October 4 at 6 p.m. in the Curris Center small ballroom. The event is sponsored by the conservative nonprofit organization Institute for Humane Studies. University of Kentucky economics professor John Garen will speak against raising the minimum wage. Georgia State University economics professor Bruce Kaufman will speak in favor of raising the minimum wage. Matt Markgraf speaks with Murray State University Professor of Economics Martin Milkman about this contentious issue and what minimum wage looks like in Kentucky.

UniFirst Corporation, via Facebook

An international uniform manufacturing and rental company is adding 25 jobs as part of a $12 million expansion in Owensboro.

Paducah Gaseous Diffusion Plant,

The U.S. Department of Energy has extended the contract for cleanup efforts at the Paducah Gaseous Diffusion Plant. The contract for BWXT Conversion Services was set to expire Friday.