Business

Business
8:44 am
Mon December 31, 2012

Settlement Grants Net $11.2 Million

A 2011 settlement between the U.S. Environmental Protection Agency and the Tennessee Valley Authority means 13 Kentucky organizations will receive a total of $11.2 million dollars in grants over five years. The settlement covers allegations that TVA violated the Clean Air Act.

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Business
6:31 am
Fri December 28, 2012

KY Tobacco Sales to Minors Under National Rate

Credit Wikimedia Commons

A new survey of retail tobacco outlets in Kentucky shows more than 94 percent are compliant with the law barring tobacco sales to people younger than 18. The Cabinet for Health and Family Services says Kentucky's average since the program began in 1997 is 9.5 percent violation, which was below the national average of 15.8 percent in that time.

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Business
6:00 am
Thu December 27, 2012

KY Retailers Still Have Room to Grow

Kentucky retailers are hoping for an ‘end of the year’ rush between now and Tuesday.  The 2012 holiday shopping period is certainly not one for the record books.  Laura Leigh Goins with the Kentucky Retail Federation says businesses gauge sales from November through the end of December.  

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Business
7:08 am
Wed December 26, 2012

Barge companies plead for help on Mississippi

Barge traffic on the Cumberland River at Smithland in Livingston County, Kentucky , USA. The U.S. Army Corps of Engineers maintains the river for tug-and-barge navigation.
Credit U.S. Army Corps of Engineers Digital Visual Library

Several barge companies that operate on the drought-stricken Mississippi River have asked Kentucky Governor Steve Beshear to call for a presidential disaster declaration.  The companies, including three based in Paducah, say doing so could be a first step in getting the U.S. Army Corps of Engineers to release water from the Missouri River to improve the Mississippi’s flow.  Crounse Corporation, James Marine, Ingram Barge, Marquette Transportation, and AEP River Operations made the appeal in a letter sent late last week. 

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Business
8:00 am
Mon December 24, 2012

Discouraged Workers Expected to Come Back to Kentucky Labor Market

Kentucky’s unemployment rate dropped below 9 percent for the first time in three years in 2012. Since then it’s averaged 8.4 percent. But the job market has grown more than that number suggests.

As of the end of November, Kentucky had added 35,000 new jobs in 2012. Kentucky Office of Employment and Training economist Manoj Shanker says that’s a huge number. But he says unemployment rates haven’t dropped very quickly because as news gets better, people who haven’t been looking start re-entering the workforce. 

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Business
8:11 am
Fri December 21, 2012

LG&E, KU Rates to Increase in 2013

Credit www.en.wikipedia.com

The Kentucky Public Service Commission accepted a settlement increasing the base electric and natural gas rates for Kentucky Utilities Company and Louisville Gas and Electric Company customers. The rate increases take effect Jan. 1. The average monthly bill for a KU residential customer will increase around $5. LG&E electric customers can expect around a $4 increase and natural gas customers a $5.50 increase.

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Business
3:56 pm
Wed December 19, 2012

New Hotel Announced for Paducah Convention Center Site

Credit Paducah McCracken County Convention and Expo Center Corporation

The riverside lot in Paducah next to the Julian Carroll Convention Center is the site of a proposed $18 million hotel project. Mayor Bill Paxton says Nashville based Senate Hospitality and two Louisville developers plan to break ground on the project next year.

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Business
1:18 pm
Wed December 19, 2012

Kentucky's Labor Market Numbers Returning to Pre-Recession Levels

Kentucky’s labor market numbers are returning to pre-recession levels. Office of Employment and Training economist Manoj Shanker says Kentucky is now adding about 5,800 jobs each month. Shanker says one reason employers are hiring right now is because wages are low.

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Business
10:04 am
Tue December 18, 2012

Dick's Sporting Goods Suspending Modern Rifle Sales

Credit Wikimedia Commons

Dick’s Sporting Goods Chain is suspending sales of modern rifles nationwide because of the school shooting in Connecticut. The company also says it's removing all guns from display at its store closest to Newtown, where the massacre took place. A statement posted on Dick's corporate website expresses sympathy for the Sandy Hook Elementary victims' families.

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Business
12:14 pm
Mon December 17, 2012

New 364 Area Code Coming to Western Kentucky

Credit Wikimedia Commons

A new 364 area code is coming to western Kentucky. The new area code will occupy the same geographic region as the current 270 code.

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