Business

Business
4:11 pm
Wed July 18, 2012

Kentucky Instant Racing Proponents Hoping High Court Will Resolve Controversy

Instant racing machines

Supporters of instant racing in Kentucky are once again trying to take their case to the state supreme court. Instant racing games allow players to wager on previously-run horse races using slot-machine like-devices. The Franklin Circuit Court previously ruled that the games are legal, but an appeals court sent the decision back, saying  the anti-gambling Family Foundation should've been allowed to gather evidence in the case.

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Business
8:09 am
Wed July 18, 2012

Statewide Business Group Getting More Active in Conservative Political Efforts

The Kentucky Chamber of Commerce is taking a firmer stand on conservative issues. Republican legislators have criticized the chamber in the past for supporting Democratic-led proposals like expanded gambling and a higher dropout age while staying quiet on so-called right to work and prevailing wage laws.

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Business
2:34 pm
Tue July 17, 2012

Major Hancock County Employer Could Close Doors Over Electricity Costs

A Hancock County aluminum smelter is warning it might have to shut down its 700-employee operation if it can't negotiate better electric rates. Century Aluminum and power producer Big Rivers Electric Corporation appear to be at an impasse in their efforts to find a solution.

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Business
10:36 am
Tue July 17, 2012

Ford Announces Recall for Escape Vehicles Manufactured in Louisville

The 2012 Ford Escape

Thousands of 2013 Ford Escape vehicles produced in Kentucky are being recalled by the automaker. The vehicles have carpet that could interfere with breaking, and came off the assembly line between March 8 and June 7.

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Consumer Protection
6:32 am
Mon July 16, 2012

Utility Bail Out Scheme Drawing Concerns

Business and government leaders say some utility customers in Kentucky have been contacted regarding a phony scheme designed to steal the Social Security numbers of those who participate. Attorney General Jack Conway says victims are told that a new federal bail-out program will pay their utility bills for them, but no such program exists. Conway says the people behind the fraudulent activity are giving out false bank routing numbers in an attempt to get personal information from their victims.

Business
10:34 am
Tue July 10, 2012

Kentucky Operations to Continue as Coal Company Files Bankruptcy

Patriot Coal Corporation filed for Chapter 11 bankruptcy this week as it deals with reduced demand for coal and rising costs. Patriot has three operations in Henderson and Union counties in western Kentucky.

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Business
7:31 am
Fri July 6, 2012

Thirty-Seven Thousand Kentucky Businesses Failed to Meet Filing Deadline

Secretary of State Grimes

State officials in Kentucky say more than 150,000 businesses in the state met the July 2nd deadline for filing annual report information with the Secretary of State's office. However, 37,000 didn't meet the deadline and are now listed as no longer "in good standing."  Those who failed to file in time still have sixty days to take care of the report.

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Business
7:35 am
Wed July 4, 2012

Better Business Bureau Questions "Soldier Relief Fund"

The Better Business Bureau says an organization identifying itself as the "Soldier Relief Fund" has been contacting some local businesses, asking for donations to sponsor a soldier for a one hundred dollar phone card. The consumer protection group says the founder  of the fund was charged with fraud last year in connection with a charity scam in Indiana.

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Business
1:40 pm
Tue July 3, 2012

No Downturn Seen in Kentucky's Bourbon Production

The Four Roses distillery in Lawrencburg, Ky
Kevin Willis

The bad national economy hasn't put a dent in one of Kentucky's signature exports. In fact, bourbon production has increased 115% over the past 13 years, according to Eric Gregory, president of the Kentucky Distillers Association.

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Business
12:42 pm
Mon July 2, 2012

Auto Industry Incentive Bill Signed

Kentucky Governor Steve Beshear has signed a bill into law that’s designed to spur investments in the state’s automotive and parts manufacturing facilities. The bill amends the 2007 Kentucky Jobs Retention Act to allow manufacturers involved in the auto industry to request incentives, regardless of their location in the state.

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