Business

Business
7:31 am
Tue April 30, 2013

KY Bourbon Tops One Million Barrels

The amount of bourbon produced by distillers in the Commonwealth has topped a million barrels for the first time in nearly 40 years.  The Kentucky Distillers' Association says 1,007,703 barrels were filled in 2012. The last time totals went over a million was in 1973. The group says bourbon production is up more than 120 percent since 1999. The distillers' association promotes and lobbies on behalf of the bourbon industry.

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Business
7:29 am
Tue April 30, 2013

ILL Approves Health-Care Co-Op

A new nonprofit organization, Land of Lincoln Health, is receiving an insurance license from the state of Illinois. The credential clears the way for the organization to offer health insurance coverage in the state in 2014 when the national health overhaul law goes into full effect.

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Business
7:50 am
Fri April 26, 2013

Trucking Company Accuses Pilot CEO of Obstructing Justice

Credit www.knoxnews.com

A trucking company suing Pilot Flying J is accusing Chief Executive Officer Jimmy Haslam of obstructing justice and buying off alleged cheated customers.

In a motion for a restraining order filed Thursday, attorneys for Atlanta Coast Carriers accuse Haslam of asking customers to sign releases giving up their rights to sue.

The trucking company filed a lawsuit against Pilot in Circuit Court last week accusing the company of racketeering violations. They say Pilot, the country's largest diesel retailer, owes the company interest on the lost money, along with damages as punishment. Pilot lawyers have denied any wrongdoing.

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Business
6:36 am
Tue April 23, 2013

Haslam Suspends Some Staff at Pilot Flying J

Credit www.knoxnews.com

Cleveland Browns owner Jimmy Haslam says he has suspended several members of the sales team at Pilot Flying J, the family-owned truck stop chain that is under a federal fraud investigation.

FBI and Internal Revenue Service agents last week raided the Knoxville headquarters of the country's largest diesel retailer. An affidavit filed in federal court alleges a widespread scheme to defraud customers.

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Business
8:10 am
Fri April 19, 2013

TVA Board Chair Says Utility a 'Good Model'

Credit tva.com

The chairman of the Tennessee Valley Authority has expressed confidence in the organization following a proposal in the 2014 Obama budget last week that suggested a possible sale of the public utility.

At a board meeting Thursday, Bill Sansom said the board welcomes a proposed strategic review of the agency and any suggestions for ways to better serve the people in its seven-state region.

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Business
9:09 am
Thu April 18, 2013

Aluminum Smelter Notifies Employees of August Shut Down

Credit centuryaluminum.com

The Century Aluminum smelter in Hawesville has notified employees that it plans to shut down operations Aug. 20 unless it can get lower electric rates.

The aluminum smelter has been in negotiations with its power supplier, Big Rivers Electric Corporation, for more than a year. Both parties say they are still trying to negotiate a deal before time runs out.

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Business
9:55 am
Wed April 17, 2013

International Isotopes CEO on PGDP Site Interest

Aerial photo of the Paducah Gaseous Diffusion Plant site
Credit Wikimedia Commons

Todd Hatton speaks with International Isotopes CEO Steve Laflin about a joint venture with a Paducah company to lease the PGDP site.

The Paducah Gaseous Diffusion Plant has been enriching uranium since 1952, making it the world’s oldest such facility.  Now, in 2013, it faces an uncertain future.  New technology and a depressed market for their product have led the U.S. Department of Energy to consider closing the facility when USEC’s lease on the site expires next month.  This threatens some 1,200 jobs in McCracken County.  But, there are glimmers of hope.

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Business
4:09 pm
Tue April 16, 2013

Honeywell To Reopen With Fewer Jobs

Honeywell officials project lower employment levels when work resumes at the Metropolis plant this summer. The company announced in a letter to employees yesterday it plans restarting production by June.

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Business
8:07 am
Fri April 12, 2013

Watts Bar Nuclear Plant on Track to Open in 2015

Credit tva.com

A Tennessee nuclear plant that began construction in 1973 is on schedule to open in December 2015. During a conference call Thursday, Tennessee Valley Authority Senior Vice President of Nuclear Construction Mike Skaggs said the Watts Bar 2 plant is on schedule and on budget at a projected cost of between $4 and $4 and a half billion dollars.

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2013 TN General Assembly
7:26 am
Wed April 10, 2013

Charter Panel Bill Stalls in Tennessee Senate

A proposal that would create a special panel to authorize charter schools in five of the Tennessee's lowest performing counties appears to be struggling in the legislature.

The measure was delayed in the Senate Finance Committee Tuesday after members expressed concerns about the need for a new entity that will pay its executive director more than $100,000.  Currently local school boards decide whether to authorize a charter application.

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