Business

Business
12:01 pm
Wed March 11, 2015

Furniture Manufacturer Adding 42 Jobs to Ohio County Facility

Credit Flickr Creative Commons

A furniture manufacturer is expanding operations at its Ohio County facility and is expected to create up to 42 new jobs and invest $318,000 in the area.  

The Indiana-based Kimball International Inc. produces office furniture for companies in the hospitality industry.  

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Business
5:42 pm
Tue March 10, 2015

Paducah Power System To Switch Bond Rating Service

Credit Paducah Power System

The Paducah Power System Board voted Monday night to contract with Standard & Poor’s Rating Services after the rating company kept the Kentucky Municipal Power Agency revenue bond rating the same at A-.

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Business
1:30 pm
Fri March 6, 2015

German Automotive Manufacturing Facility Opens in Murray

Gov. Steve Beshear announces iwis' $12.5 million investment in a Murray plant in 2012
Credit Mark Welch

Kentucky Governor Steve Beshear and local government and economic officials opened Murray’s newest manufacturing facility today. 

The German automotive supplier iwis is creating 75 full-time jobs and investing more than $12.5 million. 

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Business
8:51 am
Fri March 6, 2015

Nearly 300K New Jobs In February; Unemployment Dips To 5.5 Percent

Job applicant Rafael Ferrer, 49, (left) greets a representative of the Hilton Bentley Miami Beach hotel during a job fair at the Hospitality Institute in January.
Lynne Sladky AP

Originally published on Fri March 6, 2015 8:41 am

The U.S. economy added 295,000 jobs last month, according to the Labor Department's monthly survey, and the unemployment rate dropped to 5.5 percent. The latest strong data beat expectations and follow a robust jump the previous month — a sign that the nation's economy is finally picking up steam.

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Business
1:30 pm
Wed March 4, 2015

PPS GM 'Encouraged' by Moody's Bond Rating Downgrade

Credit Paducah Power System

  Moody’s Investor Service has downgraded Paducah Power System’s revenue bond rating, but the beleaguered utility says the new rating is an improvement over a December downgrade from Fitch Ratings.

The new rating from Moody’s - "Baa1" - reflects a medium-grade rating and a moderate credit risk.

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Business
8:06 am
Wed March 4, 2015

Historic Downtown Murray Property Owners Share Concerns, Brainstorm Ideas for Revitalization

Credit Whitney Jones

Downtown Murray property owners gathered last night to share concerns and ideas for the area’s future as it recovers from a year of disasters, including collapses and a fire.

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Business
2:06 pm
Tue March 3, 2015

Paducah's Recycling Center Closing Ahead of Schedule

Credit http://paducahky.gov/paducah/recycling

The Greater Paducah Sustainability Project Recycle Now center is closing three months ahead of their original June 30th closing date due to lack of funds and a drop in the recycling market.

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Business
3:34 pm
Fri February 27, 2015

Tennessee, Kentucky Rural Electric Groups Look Deeper Into Consolidating

Credit Jason Meredith / Flickr (Creative Commons License)

Hickman-Fulton Counties Rural Electric Cooperative Corporation and Gibson Electric Membership Corporation are proceeding with an in-depth study on consolidating the Kentucky and Tennessee utilities.

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Business
2:38 pm
Fri February 27, 2015

MSU Professor: Businesses Have a Social Responsibility to End Human Trafficking

Credit Courtesy of Dr. Katherine Taken Smith

We begin a new series of reports called Racer Scholar Profiles, highlighting Murray State Faculty research, scholarly and creative activities across colleges and schools. Our first guest is Dr. Katherine Taken Smith, who teaches consumer behavior and promotions management in the Arthur J. Bauernfeind College of Business. She published an article on human trafficking and its connection with businesses, what corporations can do to eliminate human trafficking in their supply chains and how consumer behavior can put pressure on businesses to be proactive in curbing the demand for this modern form of slavery. 

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Business
12:59 pm
Thu February 26, 2015

Slowdown at Hopkinsville Tubing Plant Results in 71 Layoffs

Credit Facebook/PTC Alliance

A Hopkinsville steel tubing plant has laid off 71 workers a year-and-a-half after committing to creating more than 280 jobs and investing $102 million into re-establishing operations in the region.

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