On the eve of the 139th Kentucky Derby, Brian Shactman talks to Churchill Downs' CEO Robert Evans about racing and revenues.» Read More
NEW YORK-- Shares of Kindred Healthcare Inc. jumped to an annual high Wednesday as Wall Street reacted positively to the company's investor day.
Veterans Affairs, Homeland Security and the Pentagon would be spared under the plan approved by the House Appropriations Committee on a party-line vote, but legislation responsible for federal firefighting efforts and Indian health care would absorb a cut of 18 percent below legislation adopted in March.
CNBC has been ranking all 50 states for competitiveness since 2007. This year's report comes as states continue to get back in fighting shape—fighting for jobs, that is.
We score all the states on 55 measures of competitiveness and 10 categories, from the cost of doing business to technology and innovation.
FRANKFORT, Ky.-- A former gubernatorial aide to three governors will take over as tourism secretary on June 1. Steve Beshear announced Monday that Bob Stewart is his pick to replace Marcheta Sparrow, who is retiring at the end of the month. Brereton Jones, Martha Layne Collins and Julian Carroll.
LOUISVILLE, Ky.-- A longtime coal operator plans to open seven mines in the heart of the eastern Kentucky coalfields in a venture expected to create more than 250 jobs in a hard-pressed region where several thousand mining jobs have disappeared in recent years.
HIGHLAND HEIGHTS, Ky.-- General Cable Corp. said Monday that it will issue a quarterly dividend of 18 cents per share in June, the wire and cable maker's first payout since 2002..
BOWLING GREEN, Ky.-- An auto parts maker is adding a new building and 100 full-time jobs to its operation in Bowling Green, Kentucky. Steve Beshear's office said the company plans to add an 87,000- square-foot building with a capital investment of up to $66 million.
WASHINGTON, May 16- A Senate committee voted along party lines on Thursday to send President Barack Obama's controversial nominee for secretary of labor, Thomas Perez, to the full Senate for a confirmation vote. The fate of the nomination in the full Senate is uncertain.
Plains states rose 20 percent in the first quarter from a year earlier, with acreage commanding record prices because of red-hot demand for cropland in the world's biggest food-exporting nation, the Federal Reserve Bank of Kansas City said on Wednesday.
Plains states rose 20 percent in the first quarter from a year earlier, with acreage commanding record prices because of red-hot demand for cropland in the world's biggest food exporting nation, the Federal Reserve Bank of Kansas City said on Wednesday.
SOUTH BEND, Ind.-- Indiana convenience stores and gas stations seeking the right to sell cold beer to customers filed a federal lawsuit Tuesday aimed at lifting a ban on the practice. The lawsuit, filed in U.S. District Court in Indianapolis, contends Indiana is the only state that regulates the temperature of beer being sold.
*Embattled acting IRS chief Miller goes to Capitol Hill. The scandal has added to a sense of a White House under siege as President Barack Obama, who has promised to hold any IRS wrongdoers accountable, grapples with an array of domestic and foreign policy controversies that threaten his second-term agenda.
May 14- Buy Japanese stocks if you must but don't expect Abenomics and the fall of the yen to revitalize Japan's economy. The yen has fallen by more than 20 percent since Prime Minister Shinzo Abe, who advocates aggressive monetary and fiscal policy, was elected in December, busting through the 100 yen to the dollar level last week.
With Congress preparing to hold hearings on the IRS's holding conservative groups to extra scrutiny, McConnell said he was "calling on the president to make available, completely and without restriction, everyone who can answer the questions we have as to what was going on at the IRS, who knew about it, and how high it went."
ELKTON, Ky.-- A company that makes glass doors will create 100 full-time jobs when it opens its manufacturing plant in western Kentucky. Glass Door Solutions LLC is a new company that plans to lease a facility in Elkton in Todd County with an investment of $3.5 million. Steve Beshear helped announce the plan on Monday.
KNOXVILLE, Tenn.-- He's less than two weeks old, but he shows the telltale signs of a baby agitated and in pain: an open sore on his chin where he's rubbed the skin raw, along with a scratch on his left check.
May 10- KFC parent Yum Brands Inc reported on Friday an estimated 29 percent drop in April sales at established restaurants in China, where a bird flu outbreak is pummeling sales that were recovering from an earlier food safety scare.
But the case for reform is weak and there is little chance of a significant change owing to TVA's powerful political connections.
WASHINGTON, May 9- Republicans in the House of Representatives passed a bill on Thursday, over the threat of a White House veto, that would allow the government to borrow money to pay bondholders and retirees if Congress fails to reach a deal to raise the U.S. debt ceiling.