Business

Business
4:14 pm
Fri May 4, 2012

New CMO at MCCH

Dr. Robert Tucker is the new Chief Medical Officer at the Murray-Calloway County Hospital. Tucker will serve solely part time as a liaison between physicians and hospital administrative staff whereas in the past the CMO was a practicing physician nominated by hospital admin. Previously, Tucker served as a MCCH consultant and a CMO and medical director in northern Virginia.

Business
3:51 pm
Thu May 3, 2012

There's a Snake in our Substation

A snake was the cause of a power outage affecting Murray and parts of Calloway County this morning. Murray Electric Systems General Manager Tony Thompson says the 6 foot long serpent got into a substation, which tripped a relay to prevent any damage to the system. Thompson says MES customers were without service for around half an hour. The relay trip transferred to the TVA system as well, shutting off a West Kentucky Rural Electric substation. Thompson says there was no serious damage, and there shouldn't be any further interruption stemming from this incident.

Business
3:31 pm
Wed May 2, 2012

Dippin' Dots, Inc. Sold to Dippin' Dots LLC

RadioActive wikimedia commons

A U.S. Bankruptcy Court ruling in Louisville approved the sale of Dippin’ Dots, Inc to Oklahoma-based Dippin’ Dots, LLC for $12.6 million. The sale will settle the novelty ice-cream manufacturer’s outstanding debt of over $11 million and close a bankruptcy proceeding beginning in November 2011. Investor Scott Fisher will serve as president of the newly formed company. Dippin’ Dots founder and former CEO Curt Jones is expected to return to the company in some capacity after stepping down in March.

Business
4:18 pm
Mon April 30, 2012

Keeneland Breaks Records

Jason Phillips wikimedia commons

Records in both overall and single day attendance were broken this spring at Keeneland Race Course.   Over 40,000 people visited the Lexington facility on April 14th for the Bluegrass Stakes.  In total, spokeswoman Amy Gregory says over 269,000 people were in the stands during the 15-day meet.

“We’ve actually been very blessed with some terrific weather this spring.  And, we’ve had just some fantastic racing, the support of our horsemen has been wonderful.”

Business
3:56 pm
Thu April 26, 2012

USEC Implements Cuts

The company that operates the Paducah Gaseous Diffusion plant says it's cutting spending and implementing layoffs at two of its locations around the country.

The United States Enrichment Corporation's headquarters in Bethesda, MD is freezing salaries, hiring, as well as undergoing a 10% staff reduction. Spokesman Paul Jacobson says these changes are a result of shifts in the national and global market.

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Business
4:27 pm
Wed April 18, 2012

Jobless Rate Falls Again

The Kentucky Office of Unemployment and Training reported Wednesday that the jobless rate for the state fell to 8.6 percent in March, from 8.7 percent in February. The rate was 1.1 percentage points below the March 2011 rate. The March numbers mark the ninth consecutive month the jobless rate has declined. The largest job gains were seen in transportation and utilities with an increase of 1,900 jobs, followed by the leisure and hospitality sector with 1,800. The manufacturing and construction sector both reported job losses in March.

Paducah Gaseous Diffusion Plant
4:15 pm
Wed April 18, 2012

PGDP Still Faces Potential Shutdown

DOE

As the end of the Paducah Gaseous Diffusion Plant’s TVA utility contract nears, the plant’s operators are still searching for ways to keep the plant open for the foreseeable future. The plant’s current TVA contract expires at the end of May. United States Enrichment Corporation officials are negotiating new terms to provide a better market for their services and allow them to continue operations. USEC's Paducah Plant Spokesperson Georgann Lookofsky says the new contract is just one of several problems they need to solve to keep the plant running.  She says,

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Business
8:04 am
Wed April 18, 2012

Flooding May Not affect Northwest Tennessee Port

www.portofcateslanding.com

Project executives with the Cates Landing port on the Mississippi River in northwest Tennessee are optimistic that spring flooding will not affect construction.  Work on the multimillion-dollar Lake County riverport has been ongoing since 1999.

Lotto
9:03 am
Tue April 17, 2012

Tennessee Lottery Sets 3rd-Quarter Record

megamillions.com

The Tennessee Lottery raised a record 89.9 million dollars for education in the third quarter.  It exceeded the old record of just over 79 .5 million in the third quarter of 2006.  Lottery officials credit a world record Mega Millions jackpot of $656 million on March 30 and increasingly popular instant games.  Lottery board chairman Keith Simmons says the games are on track for a record year.

Business
9:22 am
Fri April 13, 2012

Dippin Dots Sold Amongst Bankruptcy Proceedings

An Oklahoma-based company has purchased Dippin Dots, Incorporated.  The Paducah-based Dippin Dots is currently undergoing bankruptcy proceedings and a court-mandated change in ownership.  The Oklahoma company, which goes by the same name, struck the deal yesterday in U.S. bankruptcy court to purchase Dippin Dots for more than 12.5 million dollars.  Dippin Dots' Paducah factory employs 165 people.

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