States are collaborating to create hubs of excellence in a myriad of industries—from food to water tech—to develop homegrown business.» Read More
WASHINGTON, July 24- Jade and rubies from Myanmar will remain banned from the United States unless the Asian nation moves to end a provision in its constitution that bars opposition leader Aung San Suu Kyi from running for president, a senior U.S. senator said on Thursday.
NEW YORK— Tempur Sealy reported a larger second-quarter loss on Thursday, and the bedding maker's shares slumped after it adjusted its annual guidance. Tempur Sealy shares lost $2.37, or 3.9 percent, to $58.75 in after-market trading. Tempur Sealy reported a loss of $2.2 million, or 4 cents per share, after losing $1.6 million, or 3 cents per share, a year ago.
FRANKFORT, Ky.— Data Dimensions Corp. plans to open a data processing center in Mount Sterling and create 100 new jobs in the eastern Kentucky town. Steve Beshear said Wednesday that Data Dimensions plans to invest $3.2 million in the project in Montgomery County.
WASHINGTON— Applications for U.S. unemployment benefits plunged last week, a sign that the economy is building strength. The Labor Department said Thursday that applications for jobless aid fell 19,000 to a seasonally adjusted 284,000. The fewest people sought benefits since February 2006, almost two years before the start of the Great Recession.
Fast food chains in China suspended use of products from Shanghai Husi Food Co. after a television station reported last weekend it repackaged and sold meat past its use-by date. I will not try to and defend it or explain it, "said Sheldon Lavin, chairman and chief executive of Aurora, Illinois- based OSI Group, which owns Husi Food.
OSI Group, a privately-held company based in Aurora, Illinois, was thrust into the spotlight this weekend when a Chinese TV station reported that one of its Shanghai plants repackaged old beef and chicken and slapped new expiration dates on them.
The public-private partnership includes companies, the University of Michigan, Ohio State University and research institutions. The institute will contribute to economic development in Michigan, Ohio, Indiana, Tennessee and Kentucky over the next five years, according to officials.
WASHINGTON— The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. The Senate voted 93-7 to begin debating the bill, which would prevent companies from deducting expenses related to moving operations to a foreign country.
The U.S. 6th Circuit Court of Appeals found no mistakes in the handling of the cases of 51- year-old former attorney Bryan Coffman and 60- year-old Tennessee businessman Gary Moss Milby. The episode showed Milby giving his daughter a private helicopter ride, a new BMW and a shopping spree.
The hearing takes place a week before the EPA holds a series of public meetings on its carbon plan in Denver, Pittsburgh, Washington and Atlanta. The group also telegraphed potential legal action, arguing the EPA had overstepped the bounds of the Clean Air Act to draft its complex rule.
Some of the illegal conduct was an "arrangement organized by the company," the deputy director of the agency's Shanghai bureau, Gu Zhenghua, told the official Xinhua News Agency. Those in criminal detention include Husi's quality manager, the Shanghai police department said on its microblog account.
SYDNEY, July 23- Brazil's BTG Pactual has received a green light from the London Metal Exchange to set up warehousing operations in Singapore, marking the investment bank's first foray into Asia as builds out its physical metals business.
FRANKFORT, Ky.— Kentucky bourbon makers are churning out larger volumes of whiskey being stored for aging. The Kentucky Distillers' Association said Tuesday the state's bourbon inventory has topped 5 million barrels for the first time since 1977.. It says Kentucky bourbon distilleries filled 1.2 million barrels last year, the most since 1970..
July 22- Coal miner Peabody Energy Corp reported a smaller-than-expected quarterly loss, helped by stronger price realizations in the United States and higher sales volumes in Australia.
BEIJING— A suspect meat scandal in China engulfed Starbucks and Burger King on Tuesday and spread to Japan where McDonald's said the Chinese supplier accused of selling expired beef and chicken had provided 20 percent of the meat for its chicken nuggets.
FRANKFORT, Ky.— More than $2.1 million has been approved for agricultural diversification projects in Kentucky. The Kentucky Agricultural Development Board says the funding goes to 19 projects, ranging from a farm-to-table program in Louisville to a livestock slaughter facility in McLean County to a shared-use equipment program in Carter County.
HARRODSBURG, Ky.— Political leaders and researchers say a new project to capture carbon dioxide at a central Kentucky power plant is a crucial step to continue burning coal for electricity in a time of tougher environmental regulations.
BEIJING— McDonald's and KFC in China faced a new food safety scare Monday after a Shanghai television station reported a supplier sold them expired beef and chicken.
Lacey Spears, of Scottsville, Kentucky, has pleaded not guilty to charges of depraved murder and manslaughter in the January death of her son, Garnett-Paul Spears, whose sodium levels rose to an extremely dangerous level with no medical explanation.
The California cities of San Jose, Vallejo and San Diego all saw a heightened threat, as new fault lines have been recently discovered, the report said. It also upgraded the risks facing parts of the central and eastern United States, singling out areas near New Madrid, Missouri, and Charleston, South Carolina.