Restaurant chain Back Yard Burgers announced Wednesday it had filed for Chapter 11 bankruptcy, but company officials say restaurant locations in Kentucky are safe from closure. Chief Marketing Officer Monte Jump says because Back Yard Burgers in Kentucky are franchises, they are exempt from the bankruptcy filing.
Kentucky is reporting a slight decline in its jobless rate in September despite a major loss of manufacturing jobs. The Office of Employment and Training released new unemployment figures today showing the jobless rate at 8.4 percent. That's down from 8.5 percent in August. The manufacturing sector loss 2,000 jobs in September.
The Delta Regional Authority has granted the Murray West Business Park a little over 200-thousand dollars for an improvement project. Murray-Calloway Economic Development Council Director Mark Manning says the money goes to increasing highway accessibility to a section of the park.
College Book Rental Company, LLC, (CBR) has filed for Chapter 11 bankruptcy.
The case filed October 4, 2012, in the United States Bankruptcy Court for the Middle Tennessee District of Tennessee petitions relief of approximately $15,036,951.93 in debts. Fifteen million dollars of that claim are for money loaned.
The federal government has approved 10 industrial parks in West Tennessee for designation as foreign trade zones. The U.S. Foreign Trade Zone Board issued the decision for the Port of Cates Landing in Lake County and other industrial parks in Dyer, Obion, Gibson and other west Tennessee counties.