Business

Business
4:04 pm
Mon September 23, 2013

Pre-Recession Prices Paid For Keeneland Yearlings Long Gone

Credit Keeneland

A solid crop of one year olds, a mild summer, and a new format contributed to a break out September Yearling Sale at Keeneland. The just completed 12 day sale saw a 27% increase in gross sales over last year. Keeneland Director of Sales Geoffrey Russell called it ‘phenomenal,’ but adds prices have not yet recovered from the recession.

“We’ll never get back to pre recession times because once the financial crisis happened in 2008, it cut off a lot of credit to people to buy horses so those prices were highly inflated," said Russell. "So, now we’re down to and back to a very true and fair market that is discretionary income driven.”

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Business
6:21 am
Fri September 20, 2013

Kentucky’s Jobless Rate Drops In August

The state unemployment rate declined slightly in August despite significant job losses in some key labor market sectors. The Kentucky Office of Employment and Training reports that the rate fell to 8.4%, down from 8.5% in July. State economist Manoj Shanker said the trade, transportation and utilities sector shed 2,100 jobs in August. Another 1,800 jobs were lost in various sectors.

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Business
4:22 pm
Thu September 19, 2013

Courier-Journal Taps Next Executive Editor

Credit twitter.com

The Courier-Journal has tapped a new executive editor. The Louisville newspaper announced today that Neil Budde will replace Bennie Ivory, who retired earlier this year after holding the position since 1997.

Budde is an Internet journalism veteran. He served as the editor and publisher of the Wall Street Journal Online until 2002, and later landed at Yahoo to run its new operation.

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Business
5:46 am
Wed September 18, 2013

TN Guide To Provide Assistance To New Investors

The Securities Division with the Tennessee Department of Commerce and Insurance is sharing a new resource for investors. It's making available a guide for individuals new to investing called, "Cutting through the confusion: Where to turn for help with your investment." Commerce and Insurance Commissioner Julie Mix McPeak points out that investing can be a complicated process and that it's important for a person not comfortable handling his or her own investments to get help from a financial services professional.

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Business
4:45 pm
Tue September 17, 2013

Christian Co. Chamber of Commerce President Announces Resignation

Credit Facebook

Christian County Chamber of Commerce President Carter Hendricks says he’ll resign next year.

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Business
4:15 pm
Tue September 17, 2013

Peabody Moves to End Obligations to UMWA Retirees

Peabody Energy Corp. wants a bankruptcy court to confirm that it can terminate its obligation to fund Patriot Coal’s retiree health care benefits.

Peabody is one of the largest private sector coal companies in the world and one of its many spin-offs is Patriot, which operates two mines in Union and Henderson counties.

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Business
10:14 am
Tue September 17, 2013

What Does the Future Look Like for Coal Exports From Kentucky?

Originally published on Tue September 17, 2013 11:20 am

As U.S. consumption of coal declines, it’s led to economic problems in some of the country’s coalfields—most notably, Appalachia. For the past few years, the buzzword from the coal industry has been “exports:" relying on a rising demand for coal in countries like China and India to help cushion the blow to the region’s economy.

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Business
8:26 am
Fri September 13, 2013

City Council Considers ABC Ordinance Revisions

Credit iStock

  The Murray City Council will consider a series of alcoholic beverage control recommendations that stem from a statewide licensing overhaul in March. The General Assembly passed legislation that consolidates Kentucky’s 88 licenses down to 44. Murray ABC Officer Kendra Clere told the council last night that Murray must redistribute the new licenses by December in order to collect alcohol taxes. 

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Business
5:50 pm
Thu September 12, 2013

Murray State Economist Joins Kentucky Consensus Forecasting Group

A non-partisan team of seven economists from across the state, The Kentucky Consensus Forecasting Group, works up projections used for state budget development and long-range planning by the Governor and the Kentucky legislature.  Murray State Distinguished Professor of Economics in the Arthur J. Bauerfeind College of Business, Dr. Jim McCoy has begun work with the Group and we learn more about this, with Kate Lochte.

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Business
5:33 pm
Wed September 11, 2013

Discovery Park of America Exhibit Designer Takes Us Through the New Union City Museum

Based in New York City, Thinc Design is an exhibition design firm that has created museum experiences around the world. It's originator, Tom Hennes, says the Discovery Park of America in Union City, inspired by the philanthropy of retired businessman Robert Kirkland, is full of fascinating exhibits. These exhibits, he says, are inspired by the community of Union City. We've met the Boston-based architect Louis Siriani who designed the building. We meet Tom Hennes with Kate Lochte, as we continue our coverage of this remarkable new tourism feature in our region.

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