States are collaborating to create hubs of excellence in a myriad of industries—from food to water tech—to develop homegrown business.» Read More
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.
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.
WASHINGTON— Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. North Dakota, benefiting from an oil and gas drilling boom, has created nearly 98,000 jobs over the past five years, a 27 percent increase-- by far the best in the country.
FedEx was indicted for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials.
SAN FRANCISCO, July 17- FedEx Corp was indicted on Thursday for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials, according to a court filing. FedEx allegedly gained at least $820 million from the conspiracy, the filing said, and could be fined up to twice that amount.
SAN FRANCISCO— Federal authorities on Thursday charged FedEx with assisting illegal pharmacies by knowingly delivering painkillers and dangerous drugs to customers without prescriptions. The indictment filed in federal court in San Francisco alleges that FedEx Corp. conspired with two related online pharmacies for 10 years ending in 2010..
OWENSBORO, Kentucky, July 17- St. Louis Federal Reserve President James Bullard said on Thursday he worries about low bond yields and whether a bond bubble is forming. "Bond yields are extraordinarily low," Bullard told a business group in Owensboro, Kentucky, when asked whether the bond market was overbought and a bubble was forming.
OWENSBORO, Kentucky, July 17- St. Louis Federal Reserve President James Bullard said on Thursday that U.S. inflation appeared to be on the rise again after being surprisingly low for much of the past year.
OWENSBORO, Kentucky, July 17- The labor participation rate is expected to fall and the government should not expect an influx of workers, a Federal Reserve official said on Thursday, raising a point that goes against the view of Fed Chair Janet Yellen.
The Labor Department says weekly applications for unemployment aid fell 3,000 to a seasonally adjusted 302,000. The less volatile four-week average has slipped to 309,000, the lowest reading since June 2007, about five months before the Great Recession began. California: Down 4,008, due to fewer layoffs in the service industry.
The fate of the spending bill and the amendments will likely depend on negotiations between the House, Senate and White House. "It is time for Congress to step in and stop the D.C. government's harassment and punishment of law-abiding citizens who simply want to defend themselves," Massie said in a statement.
July 16- Yum Brands Inc on Wednesday said its KFC business bounced back in China, its No. 1 market, but its stock fell more than 2 percent in extended-hours trading on disappointing quarterly results from its India, Taco Bell and Pizza Hut divisions.
LOUISVILLE, Ky.— Yum Brands Inc. reported a 19 percent increase in second-quarter profits, boosted by rebounding business at KFC in China where worries about food safety have eased. The Louisville, Kentucky- based company, which also operates Taco Bell and Pizza Hut, said late Wednesday that sales at established locations in China surged 15 percent.
July 16- KFC parent Yum Brands Inc on Wednesday said second-quarter sales at established restaurants in China, its No. 1 market, jumped 15 percent as it recovers from an avian flu outbreak and a food safety scare that slashed demand for chicken last year.
WASHINGTON— The GOP- controlled House passed a $20 billion measure Wednesday that would slash budgets for enforcing tax laws and new financial regulations, and a healthy food initiative that's a pet cause of first lady Michelle Obama.
NEW YORK— New Jersey Gov. Chris Christie insisted Wednesday that he hasn't decided whether he's running for president. Rand Paul and Texas Gov.