Business

Business
4:24 pm
Tue December 9, 2014

Airgas Announces Liquid Hydrogen Plant for Calvert City

Credit airgas.com

A national gas supplier plans to build a liquid hydrogen plant in Calvert City.

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Business
12:39 pm
Tue December 9, 2014

That Nest Egg Needs To Last As Long As You Do. So How Do You Start?

While people can often estimate how much they might need for 10 or 15 years of retirement, that calculation becomes more difficult for retirement that could last 20 years or more.
Gary Waters Ikon Images/Getty Images

Originally published on Fri January 2, 2015 4:47 pm

Retirement for baby boomers will look different than it did for their parents — Americans are living longer, health care costs more, fewer people have pensions today, and many people facing retirement haven't saved much.

All of that makes managing the nest egg you do have even more vital. But many people need and want guidance on what they should do to make sure their retirement savings last.

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Business
10:24 am
Tue December 9, 2014

Western Kentucky County Could See Coal Jobs Cut in Half

Originally published on Mon December 8, 2014 3:13 pm

A western Kentucky county could lose half of its coal-mining workforce in the next couple of months. 

Coal mining employs about 1,200 people in Union County, but that could change, according to a layoff notice issued by Patriot Coal Corporation. 

The company is warning that up to 670 workers could be laid off in February at the Highland mine on the Union-Henderson County border and at the Dodge Hill complex.

Union County Judge-executive Jody Jenkins says, unfortunately, the news is familiar.

"For the last 60 years, I guess, coal mining has been the life blood of this community, Jenkins told WKU Public Radio.  "Historically, we've had mine closures and layoffs, but it doesn't make it any easier."

Union County's unemployment rate in October was 4.8%.  The statewide rate was 6.2%.

Patriot emerged from bankruptcy reorganization a year ago and had earlier closed its mines in Henderson County.  In a news release, the company said low natural gas prices and tougher EPA regulations continue to drive down coal prices, resulting in operating losses at many mines.

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Business
5:16 pm
Mon December 8, 2014

Paducah Power System Will Not File Bankruptcy

Credit Lance Dennee

The Paducah Power System board voted not to file Chapter Nine bankruptcy during their meeting today in Paducah.

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Business
12:40 pm
Sat December 6, 2014

Kentucky Hospitals Advocate for Smoke-Free Workplaces

Originally published on Sat December 6, 2014 6:55 am

The U.S. adult smoking rate is at an all-time low, the Centers for Disease Control and Prevention reports.

Even still, Kentucky's smoking rate remains high compared to the rest of the U.S., and state organizations continue to try to gain support for a statewide smoking ban.

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Business
11:45 am
Fri December 5, 2014

Economy Adds 321,000 Jobs In November, Unemployment Holds Steady

The number of jobs added each month, dating back to 2004.
BLS

Originally published on Fri December 5, 2014 9:14 am

The November jobs report from the Bureau of Labor Statistics showed that the U.S. job market continues to improve at a steady pace.

Here are the two big numbers from Friday's report:

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Business
2:39 pm
Thu December 4, 2014

Paducah Economic Development Eliminates Two Staff Members as Part of Reorganization

Credit Paducah Economic Development

The new Paducah Economic Development CEO is making several staffing changes.

CEO Scott Darnell began his post in mid-September after Chad Chancellor left to begin his own economic development agency. 

Darnell confirms EntrePaducah Director Chuck Sexton and Sales and Marketing Director Mallory Panuska have left while Vice President Charlie Martin and PACRO assistant director Mariam Miller are staying on until December 31st. 

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Business
1:27 pm
Tue December 2, 2014

Hopkinsville Manufacturer Announces $25m Expansion

Credit City of Hopkinsville

A Hopkinsville auto-parts manufacturer plans to add 200 new jobs with a $25 million expansion.

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Business
5:19 pm
Mon December 1, 2014

Another Building in Downtown Murray to be Demolished

Maple Street during downtown Murray fire.
Credit Troy Taylor

Another downtown Murray building at 500 Maple Street is set to be razed following a summer fire. 

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Business
4:56 pm
Mon December 1, 2014

Meet Local Farmers: Red Roof Ranch Alpacas in Cadiz

'Tis the season to get out the coats, scarves, earmuffs and warm socks. But maybe those socks made from sheep's wool just aren't warm enough? Introducing alpaca fiber or "the fiber of the gods" as the Incans called it. It's a luxury fiber similar to cashmere, but has a hollow core that gives it an extra insulating property, which makes it lighter and warmer. On Sounds Good, we meet Kathy Tinkham of Red Roof Ranch Alpacas in Trigg County and learn how she got into raising alpacas and some of the items in her store that will keep you warm this winter season.

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