The mortgage division of a company which used to be the financing arm of General Motors Company is filing for bankruptcy protection. Ally Financial's mortgage division is known as Rescap.The government-owned lender had reportedly been considering a chapter eleven filing for Rescap for some time.
A Christian County plant has landed a contract through 2020 to make extra-wide airplane body parts for Airbus. Plymouth Engineering Shapes in Hopkinsville is undergoing a $13 million expansion project to accommodate the new contract.
A rose by any other name may smell as sweet, but an appeals court says a liquor bottle with a red dripping wax seal by any name other than Maker’s Mark would be illegal. Noting that “all bourbon is whiskey, but not all whiskey is bourbon,” an opinion released by the 6th U.S. Circuit Court of Appeals says that only the Kentucky-made bourbon can carry the distinctive bottle topper.
Eighth-graders in Kentucky are scoring higher than their national counterparts in science in what's known as the "nation's report card." The Kentucky Department of Education reports that for 2011, the state's average score was 157, compared with the national average of 151. The grading scale goes from 0 to 300.
Kentucky is reporting a decline in general government revenue in April after several months of growth. State Budget Director Mary Lassiter said today the nearly 1% drop in revenue isn't a sign that the economy has taken a step backward.
Officials at Fort Campbell say an emergency management and anti-terrorism exercise is underway at the military post today. The annual event is testing Fort Campbell's security personnel and first responders, as well as support agreements with outside response organizations.
The New York Times is reporting that the NCAA is looking into Nerlens Noel, a top prep recruit who has committed to play at national champion Kentucky next season. The newspaper says that two members of the NCAA enforcement staff went to Everett, Mass., this week to inquire about the 6-foot-10 Noel, who attended Everett High School for two years but is now at the Tilton School in New Hampshire.
Warren County was the state leader in private-sector job growth from 2001 to 2010, expanding by more than 15 percent. That’s the finding of University of Louisville economist Paul Coomes, who briefed the state’s Blue Ribbon Commission on Tax Reform Tuesday about job growth in various regions of Kentucky.
The University of Kentucky board of trustees has voted to increase student tuition and fees by six percent. The board voted Tuesday following plans announced last month to increase tuition as state funding for postsecondary education saw a 6.4% cut.