Business

Business
8:59 am
Wed August 22, 2012

Nuclear Regulatory Commission Meeting with Honeywell

wikipedia.com

The Nuclear Regulatory Commission plans talks next week in Atlanta with executives from Honeywell’s Metropolis, Ill., plant. The Paducah Sun reports they’ll meet Monday to discuss apparent violations associated with the company’s alleged failure to identify the kinds of accidents significant earthquakes or tornadoes might cause. NRC Public Affairs Officer Roger Hannah says the agency is especially concerned about the potential release of large amounts of uranium hexafluoride.   The meeting will review information presented by the plant.

Business
8:44 am
Tue August 21, 2012

USDA: Corn Harvest Ahead of Schedule

wikipedia.com

This year's corn harvest is ahead of schedule with four percent in already, compared with just one percent at this time last year.  The harvest is three to four weeks ahead of schedule in most of the corn belt because an unusually warm spring allowed farmers to plant earlier.  Most then expected a good year, but the U.S. Department of Agriculture has been reducing its estimates of the nation's harvest amid a severe drought centered over the Midwest.

Business
2:55 pm
Mon August 20, 2012

W. Ky. Aluminum Smelter Could Close

centuryaluminum.com

Nearly 700 employees at an aluminum smelter in Hawesville may lose their jobs because the power costs to operate the plant are too high. Century Aluminum Company says it gave a 12-month notice Monday to terminate its power contract with Big Rivers Electric Corp.

Read more
Business
12:16 pm
Mon August 20, 2012

Federal Funds Released for Paducah Waterfront Project

Paducah's long-awaited waterfront development project is set to begin early next year after the federal government freed up transportation funds for the project. 

Read more
Business
8:59 am
Mon August 20, 2012

Henry County Medical Center Posts Profit

wikipedia.com

Henry County Medical Center turned a $287,000 profit in its 2011-2012 fiscal year.  The Paris Post-Intelligencer reports that figure fell just short of the hospital’s goal of realizing a one percent profit.  Still, it’s good news for hospital trustees. About half of U.S. hospitals are losing money. Hospital Administrator Tom Gee says it’s getting harder to turn a profit because of the sagging economy and the fact that fewer and fewer patients have medical insurance. He says about 20 percent of Henry County residents aren’t insured. The statewide average is 18 percent.    

Business
12:36 pm
Fri August 17, 2012

Planters Bank to Acquire Five Western Ky. Bank Locations

www.en.wikipedia.com

Hopkinsville-based Planters Banks is taking over five former Old National Bank branches in western Kentucky. Planters plans to acquire locations in Princeton, Providence, Dawson Springs, Sebree and Sturgis. The move will add $92 million in deposits to Planter’s liabilities.

Read more
Business
3:37 pm
Thu August 16, 2012

KentuckyOne Severs Ties To CoventryCares

KentuckyOne Health, the largest health system in the state, has announced it's severing all ties to CoventryCares, a Medicaid managed care organization. The move comes after Coventry dropped two KentuckyOne-affiliated hospitals from its system, one of which is Our Lady of Peace.

"This is a psychiatric hospital. 75% of which are children; and these are very vulnerable children."

Business
3:01 pm
Thu August 16, 2012

TVA Will Not Raise Electricity Rates for Customers

The Tennessee Valley Authority will keep electricity rates the same for customers in the coming fiscal year. TVA's board of directors voted today to approve an over eleven billion dollar budget without raising rate hikes for the fiscal year that begins October 1st. The federal utility provides electricity to 9 million people in seven states, including Kentucky and Tennessee.  TVA CEO Tom Kilgore also announced at the meeting that he will be retiring after 6 years in the position.

Business
2:08 pm
Thu August 16, 2012

Keith Hall and KY's Coal Deal with India

The involvement of a state representative in a major coal deal in Kentucky is raising some eyebrows.  The $7 billion contract signed yesterday creates a 25-year standing order to ship 9 million tons of Kentucky coal annually to India. Pike County Representative Keith Hall was instrumental in brokering the deal—but he also has several coal-related businesses. He also sits on the board of FJS Energy—the New Jersey-based company that signed the contract. Hall says his involvement in the deal was both as a state lawmaker and a businessman.

Read more
Business
12:46 pm
Thu August 16, 2012

Kentucky July Jobless Numbers Up Slightly

Kentucky's jobless rate has risen to 8.3 percent in the most recent Office of Employment and Training report. Government economist Manoj Shanker says the slight uptick in unemployment isn't enough to conclude that the state's economy has weakened. The increase came despite a strong showing in some job sectors.

Read more

Pages