Business

Business
8:18 am
Tue August 21, 2012

Hancock County Smelter to End Power Contract, Could Close Doors

An aluminum company operating a western Kentucky smelter has given notice to terminate its power contract with Big Rivers Electric Corp. The move signals that the nearly 700-employee smelter at Hawesville is in jeopardy.

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Business
8:08 am
Tue August 21, 2012

Some Say Campaign over Alcohol Votes in Southeastern Kentucky Turning Negative

Some southeastern Kentucky residents say campaigns on a vote that could allow alcohol sales in the community have taken a negative turn. McCreary County voters head to the polls next Tuesday to decide the controversial issue.

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Business
8:33 am
Fri August 17, 2012

Famous Kentucky Philanthropist, Business Leader Dies

Owsley Brown Frazier suffered from poor health late in this life.

One of Kentucky’s most famous philanthropists has died in Louisville. Owsley Brown Frazier was 77. Frazier was the great-grandson of the distiller who founded Brown-Forman Corp., whose brands include Woodford Reserve, Jack Daniels, and Old Forester.

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Business
8:17 am
Fri August 17, 2012

Edelen Wants Greater Oversight of Kentucky's Special Taxing Districts

Kentucky Auditor Adam Edelen is encouraging local officials to help him find out about the state’s hundreds of special taxing districts. A special taxing district is a quasi-governmental agency—such as a local sewer system or public library—that gets its funds from a separate tax.

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Business
3:05 pm
Thu August 16, 2012

TVA Votes to Hold Rates Steady, CEO Announces Departure

Electricity rates for Tennessee Valley Authority customers in seven states will not be increased in the coming fiscal year.  TVA's board of directors voted Thursday to approve an $11.2 billion budget for the upcoming fiscal year that begins Oct. 1 and does not include any rate hikes.

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Business
10:58 am
Thu August 16, 2012

Louisville Developer Launches New Bid to Reopen Kentucky Kingdom

There's a new plan to develop an abandoned amusement park in Louisville. The Courier-Journal reports three Louisville business leaders joined developer Ed Hart in a $40 million bid that would reopen Kentucky Kingdom in 2014. 

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Business
10:56 am
Wed August 15, 2012

Abramson Concedes Major Changes to Kentucky Tax System Unlikely Anytime Soon

The chair of Kentucky’s tax commission says a sweeping overhaul of the state's tax code isn't in the works. While Lieutenant Governor Jerry Abramson says, in his heart, he wants to see a major change in the tax code, he admits it's not likely.

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Business
10:33 am
Wed August 15, 2012

Kentucky Part of $7 Billion Coal Pact with India

Coal mines in Kentucky and West Virginia will send millions of tons of coal to India, under the terms of a 25-year contract that was signed Wednesday. The deal is being hailed as a sign of hope in the coal export market.

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Business
3:59 pm
Tue August 14, 2012

Federal Judge: Kentucky's Ban on Liqour and Wine Sales in Grocery Stores Illegal

A federal judge's ruling could open the door to the sale of hard liquor and wine in grocery stores. Currently state law allows grocery stores to only sell beer, while liquor stores and drug stores can sell beer, wine and liquor.

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Business
1:13 pm
Wed August 8, 2012

Two Votes on Alcohol Sales in Kentucky Yield Two Different Results

One western Kentucky community has approved the sale of alcohol while another split the vote. Residents in Princeton approved restaurant and package liquor sales on Tuesday by nearly 200 votes.

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