Business

Business
4:24 pm
Wed July 23, 2014

Bad Luck: Murray Business Loses Office After Collapse, Then Fire Threatens New Office

Credit Troy Taylor

First it was a collapsed office, now it is a fire next door, Pierce Keller and Associates is facing destruction again. Julie Keller and her husband had purchased and were in the process of renovating 504 Maple Street when adjacent buildings on Murray’s square caught fire overnight Tuesday.

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Business
6:28 am
Wed July 23, 2014

[Slideshow: Afternoon Photos Added] Early Morning Fire on Murray Court Square

Firefighters work to contain the fire from 5th Street
Troy Taylor

(Click on the above photo to see the slideshow. More photos on our Facebook page)

UPDATE - 7/24/14 11:30 AM -- Murray firefighters remain on the scene since they are concerned about the possibility of small rekindling flames. The fire department is continuing to investigate the start of the fire, which they believe began at Wilson's Florist. Roads surrounding the damaged buildings remain closed.

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Business
9:04 am
Tue July 22, 2014

Labor Negotiations Hit Snag at Honeywell on First Day

Credit file photo

Labor agreement negotiations at the Metropolis Honeywell Plant got off to a bumpy start as workers were ordered to remove their union stickers yesterday morning.   Union representatives claim the move violates the National Labor Relations Act.  United Steelworkers Local 7-669 President, Stephen Lech expressed his disappointment with the turn of events.

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Business
4:55 pm
Thu July 17, 2014

Latest Wrinkle In The Jobs Debate: Blame The Boomers

Participation in the workforce has dropped significantly since 2007, and economists say more than half of the dropouts may never return.
Spencer Platt Getty Images

Originally published on Mon July 21, 2014 12:46 pm

Since late 2007, the U.S. labor force has shrunk significantly, raising questions about where former workers have gone and why.

Now the White House Council of Economic Advisers says it has found answers and has compiled them into a detailed research report released Thursday.

As it turns out, most of the missing workers have been hiding in plain sight: They are retiring baby boomers.

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Business
4:14 pm
Thu July 17, 2014

Honeywell, United Steelworkers Begin Negotiations Next Week

Credit Honeywell

Contract negotiations begin next week between the Metropolis Honeywell plant and the local union.

The last contract negotiation began in 2010 and lasted more than a year with several workers taking other jobs during the work stoppage.

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Business
3:32 pm
Thu July 17, 2014

Jennie Stuart Medical Center to Eliminate Jobs

Credit http://www.jsmc.org/

Hopkinsville’s Jennie Stuart Medical Center will eliminate 70 job positions through an accelerated retirement program and layoffs.

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Business
2:50 pm
Thu July 17, 2014

Kentucky's $91 Million Shortfall Explained

Credit Seifler, Wikimedia Commons

Update: Beshear Cuts Budget to Balance $90.9-Million Kentucky Budget Shortfall

Kentucky Governor Steve Beshear signed a budget reduction order Wednesday, announcing that there would be a $21 million dollar transfer from reserves bringing the state's rainy day fund to $77 million. Murray State Distinguished Professor of Economics Dr. Jim McCoy serves on the Kentucky Consensus Forecast Group. He puts in perspective  the origins, anomalies, and implications of the Commonwealth's $91 million shortfall during Sounds Good.

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Business
3:34 pm
Wed July 16, 2014

TeleTech Brings Hundreds of Jobs to West Kentucky

Credit http://www.teletech.com/

Customer service agency TeleTech is adding 300 employees at its new center in Paducah and an additional 300 to its Hopkinsville location, bringing total employment between the two locations to 1,000.  

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Business
2:28 pm
Tue July 8, 2014

Owensboro Airport Expanding

Credit Wikimedia Commons

The Owensboro-Daviess County Regional Airport has seen marked growth over the last few years and shows no sign of stopping.  The airport has expanded its runway to 8,000 feet, making it the third airport in Kentucky with a runway 8,000 feet or longer (CORRECTED: WKMS originally reported the Owensboro runway was the third longest in Kentucky). 

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Business
2:23 pm
Tue July 8, 2014

USEC Seeking Restructuring Plan Endorsement From Creditors

Credit USEC

The United States Enrichment Corporation is seeking endorsement from creditors for its ongoing restructuring plan. The U.S. Bankruptcy Court approved the act yesterday.

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