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Kentucky

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  • Kentucky ends 2014 with $90 million shortfall Thursday, 10 Jul 2014 | 4:25 PM ET

    FRANKFORT, Ky.— Kentuckians are buying more stuff, they just aren't paying as much in taxes. That's why the state ended the 2014 fiscal year on June 30 with a $90 million shortfall in its general fund. Even during the depths of the recession the past three years, Kentucky's income tax collections grew by 8.3 percent, 2.8 percent and 6 percent, respectively.

  • Kentucky coal group sues TVA over Paradise plant Thursday, 10 Jul 2014 | 3:33 PM ET

    The Kentucky Coal Association argued in a lawsuit filed Thursday that the TVA did not follow proper federal procedure and its own rules in deciding to close the units at the Paradise Fossil Plant in western Kentucky. Scott Brooks, a TVA spokesman, said Thursday in an email that TVA believes it "fully complied with our obligations on the Paradise decision."

  • Fidelity to cut nearly 500 printing and mailing jobs Thursday, 10 Jul 2014 | 10:34 AM ET

    BOSTON, July 10- Fidelity Investments, the No. 2 U.S. mutual fund company, told employees this week it will cut about 460 jobs, or 1 percent of its workforce, at its printing and mailing operations in Kentucky and Texas.

  • Top Senate Democrat blocks votes on gun proposals Wednesday, 9 Jul 2014 | 2:42 PM ET

    The Nevada Democrat used Senate procedures to prevent votes on any amendments to a bipartisan measure expanding hunters' access to public lands and renewing land conservation programs.

  • Fidelity cutting jobs at facilities in 2 states Wednesday, 9 Jul 2014 | 1:01 PM ET

    COVINGTON, Ky.— A Fidelity Investments spokeswoman says the company plans to cut more than 400 jobs in Kentucky and Texas. Spokeswoman Tara Peak said in a statement that the company has decided to outsource work currently done at its printing and mailing operations in Covington, Kentucky, and Grapevine, Texas.

  • Coal company says Illinois rival breached deal Wednesday, 9 Jul 2014 | 11:36 AM ET

    ST. LOUIS— A leading U.S. coal company is suing a rival with which it shared confidential business plans during a deal that later fizzled, saying the competitor used the proprietary details to buy up land in southern Illinois to thwart the accuser's expansion plans.

  • Obama urgently asks $3.7 billion for border crisis Tuesday, 8 Jul 2014 | 3:10 AM ET

    WASHINGTON— President Barack Obama appealed to Congress on Tuesday for $3.7 billion in emergency spending to deal with the immigration crisis on the nation's southern border, where unaccompanied children have been showing up by the thousands in a human drama that's causing a political storm in Washington and beyond.

  • Jack Daniel opens Alabama barrel making facility Monday, 7 Jul 2014 | 12:41 PM ET

    Under a Tennessee law enacted last year, distillers must age their sprits in unused American white oak barrels if they want to label their product Tennessee whiskey.

  • Official: New EPA rule won't affect power plants Thursday, 3 Jul 2014 | 4:25 PM ET

    FRANKFORT, Ky.— None of Kentucky's coal-fired power plants will close because of new emission standards released last month by the Environmental Protection Agency, a state official told lawmakers Thursday.

  • Recovery of lost jobs by states, at a glance Wednesday, 2 Jul 2014 | 4:52 PM ET

    WASHINGTON— The United States in May finally recovered all the jobs lost to the Great Recession. But 32 states still don't have as many jobs as they did when the recession officially began in December 2007. The rankings from best to worst:.

  • Kindred urges Gentiva shareholders to accept bid Tuesday, 1 Jul 2014 | 12:34 PM ET

    LOUISVILLE, Ky.— Kindred Healthcare is urging Gentiva Health Services shareholders to support Kindred's latest acquisition bid, which faces opposition from both Gentiva's board and an anti-takeover measure the health and hospice service provider adopted last month.

  • LOUISVILLE, Ky.— Federal judge strikes down Kentucky's ban on gay marriage; ruling temporarily put on hold.

  • Reaction to Supreme Court birth control decision Tuesday, 1 Jul 2014 | 3:23 AM ET

    The Supreme Court ruled Monday that some companies like the Oklahoma-based Hobby Lobby chain of arts-and-craft stores can avoid the contraceptives requirement in President Barack Obama's health care overhaul, if they have religious objections.

  • GOP bucking business priorities on Capitol Hill Monday, 30 Jun 2014 | 3:39 AM ET

    WASHINGTON— Traditional ties between the business community and the Republican Party are fraying on Capitol Hill, where the House GOP has bucked corporate interests on a series of priorities this year, from immigration to highway funding to trade.

  • A three-judge panel of the 6th U.S. Circuit Court of Appeals in Cincinnati rejected claims in 67 of the cases. Among the defendants in the various cases were Eli Lilly& Co, which won regulatory approval for Darvon in 1957 and Darvocet in 1972, and generic drug makers such as Mylan Inc and Teva Pharmaceutical Industries Ltd..

  • NEW YORK, June 25- Television journalist Diane Sawyer will be stepping down as the anchor of the nightly newscast " ABC World News," but will continue working for the network, doing specials and interviews, ABC News President James Goldston announced on Wednesday.

  • *Sunni insurgents capture three towns in Iraq's Anbar. *Iraq's oil exports near record rates in June. NEW YORK, June 23- Brent crude fell toward $114 on Monday, putting it on track for the largest one-day decline in more than five weeks, as concerns waned that a Sunni Islamist insurgency in Iraq would cut the country's oil exports.

  • RPT-COLUMN-Can we really do without coal? Kemp Monday, 23 Jun 2014 | 8:01 AM ET

    LONDON, June 23- Two-thirds of the world's already discovered reserves of oil, coal and natural gas must remain unburned if the rise in average global temperatures is to be limited to 2 degrees Celsius by 2050, according to the International Energy Agency.

  • COLUMN-Can we really do without coal? Kemp Sunday, 22 Jun 2014 | 10:01 PM ET

    LONDON, June 23- Two-thirds of the world's already discovered reserves of oil, coal and natural gas must remain unburned if the rise in average global temperatures is to be limited to 2 degrees Celsius by 2050, according to the International Energy Agency.

  • *Iraq government forces appear to hold biggest refinery. *Crude exports from southern Iraq unaffected. Rising U.S. oil prices further constricted their discount to Brent crude, which fell from a nine-month high, slipping below $115 a barrel, on easing concerns over supply disruptions due to the violence in Iraq.