Business

Business
7:04 am
Tue March 11, 2014

McCracken County Fiscal Court Moves To Prohibit Election Day Alcohol Sales

The McCracken County Fiscal Court moved ahead with a motion to prohibit liquor sales on Election Day in the county. The state previously did not allow alcohol sales but decided that local municipalities should govern the issue.

McCracken County Commissioner Jerry Beyer said no one opposing such an ordinance was present at the workshop or the first reading, but there were several proponents.

Show Me’s owner Susan Engdahl said such an ordinance is a disadvantage for county businesses because the city will allow alcohol sales.

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Business
3:23 pm
Fri March 7, 2014

Real Estate Magazine Ranks Three Area Communities as Places for Economic Development

Credit Site Selection Magazine

A corporate real estate strategy magazine has named three areas in our region as top places in the nation for economic development.

Site Selection Magazine released its annual Micropolitan Statistical Area report for 2013, ranking Paducah 16th and in Tennessee, Dyersburg  10th and Union City 27th.

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Business
5:05 pm
Wed March 5, 2014

USEC Files For Bankruptcy, PGDP Shutdown Will Continue Unaffected

Credit www.usec.com

  The United States Enrichment Corporation announced today that its filing for Chapter 11 bankruptcy as part of a prearranged financial restructuring plan, but the filing won’t affect any of its subsidiaries, including the Paducah Gaseous Diffusion Plant. 

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Business
7:21 am
Wed March 5, 2014

BBQ On The River To Send Audit

Paducah City Manager Jeff Pederson (left) and Paducah Mayor Gayle Kaler sit in council.

Paducah City Manager Jeff Pederson says BBQ on the River Incorporated will comply with its 2011 contract with the city and supply a limited-scope audit to officials. 

The audit is part of the agreement in which the city provided BBQ on the River 20 thousand dollars to establish a downtown retail store. 

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Business
2:38 pm
Tue March 4, 2014

Understanding Bitcoin's Rise and Fall... and Rise?

Credit Zach Copley / Creative Commons

The virtual currency Bitcoin has been on a media rollercoaster since its introduction in 2009. Recently, the world's largest Bitcoin exchange Mt. Gox filed for bankruptcy, leaving half a billion dollars potentially gone. This news comes on the heels of the Chinese government announcing that exchanges were banned from using the Yuan. Nevertheless, Bitcoin may still be the currency of the future. Murray State's Arthur J. Bauernfeind College of Business faculty member Sunayan Acharya joins Kate Lochte on Sounds Good to explain the headlines and what the future may have in store for the digital currency.

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Business
2:02 pm
Fri February 28, 2014

Main Street Promotes Downtown Support, Cleanup Could Be Lengthy

Murray Main Street is promoting the reopening of downtown Murray following a building collapse late last week, and is asking residents to help support affected businesses. 

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Business
7:05 am
Fri February 28, 2014

Tobacco Operation Expanding In Hopkinsville

U.S. Smokeless tobacco is investing $118 million and plans to create 42 new jobs with an expansion in Hopkinsville.

A new 230,000-square-foot facility will be used to process aged tobacco. U.S. Smokeless also plans to add approximately 80,000 square feet to its existing tobacco fermentation plant in Hopkinsville.

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Business
4:07 pm
Wed February 26, 2014

Laser Enrichment Company Files Intent to Build on PGDP Site

Credit http://www.usec.com/gaseous-diffusion/paducah-gdp

GE Hitachi's Global Laser Enrichment is seeking approval from the Nuclear Regulatory Commission to use the Paducah Gaseous Diffusion Plant.

GLE has been in negotiations with the Department of Energy since late November for use of the site and the depleted uranium stored there.

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Business
3:36 pm
Mon February 24, 2014

New Net Neutrality Rules Explained

The issue of net neutrality has seen a resurgence on across the internet again after the announcement that Netflix has agreed to pay Comcast to make its service run faster. The principle of net neutrality is that no internet service provider give favor to a particular company where, for example, the highest bidder could therefore throttle broadband connections. Murray State's Center for Telecommunications Systems Management Associate Director Michael Ramage talks about last week's FCC announcement of plans for new net neutrality rules on Sounds Good.

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Business
3:33 pm
Mon February 24, 2014

PSC Calls on Utilities to Work with Customers Facing Large Bills

Credit publicnewsservice.org

The Kentucky Public Service Commission is calling on the state’s power providers to work with customers who are having difficulty paying extremely large heating bills after this winter's arctic temperatures.

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