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Kentucky

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  • Medicaid provider files lawsuit against Kentucky Tuesday, 23 Oct 2012 | 11:15 AM ET

    FRANKFORT, Ky.-- A Medicaid managed care provider has filed a lawsuit against Kentucky, alleging that state officials provided incorrect information that led to $120 million in losses in the first 11 months of its contract. The Medicaid provider had announced last week that it would exercise its right to end the contract effective July 5, 2013.

  • Lexmark breaks even in 3Q, revenue down Tuesday, 23 Oct 2012 | 10:10 AM ET

    LEXINGTON, Ky.-- Lexmark International broke even in the third quarter both in per-share and dollar terms _ a sharp decline from a profit a year earlier due to restructuring and acquisition-related charges. In the July-September period a year ago, Lexmark earned $67 million, or 86 cents per share.

  • Coal company facing fines no longer mining in Ky. Tuesday, 23 Oct 2012 | 10:00 AM ET

    Attorneys met in Franklin County Circuit Court to discuss the status of the case, which began in 2010 when environmentalists pointed out questionable water quality monitoring practices by Frasure Creek and another coal company, International Coal Group.

  • Insurer Centene's 3Q profit plunges 87 percent Tuesday, 23 Oct 2012 | 8:13 AM ET

    Centene Corp. said Tuesday it is suing Kentucky, a state that has generated heavy losses for the Medicaid coverage provider, as it reported an 87 percent plunge in third-quarter earnings. Centene said it filed a lawsuit against Kentucky over the state's "failure to completely and accurately disclose material information."

  • 'War on coal' label obscures battlefield realities Saturday, 20 Oct 2012 | 10:15 AM ET

    MORGANTOWN, W.Va.-- Drive through the coalfields of Central Appalachia, and signs of the siege are everywhere. Only a few generations ago, coal miners were literally at war with their employers, spilling and shedding blood on West Virginia's Blair Mountain in a historic battle for union representation and fair treatment.

  • Questions for Medicare in meningitis outbreak Saturday, 20 Oct 2012 | 4:00 AM ET

    WASHINGTON-- Medicare is coming under scrutiny in the meningitis outbreak that has rekindled doubts about the safety of the nation's drug supply. In 2007, Medicare revoked coverage of compounded inhaler drugs for lung disease.

  • Unemployment rates in US states, at a glance Friday, 19 Oct 2012 | 3:38 PM ET
  • APNewsBreak: Questions for Medicare in outbreak Friday, 19 Oct 2012 | 2:18 PM ET

    WASHINGTON-- Medicare is coming under scrutiny in the meningitis outbreak that has rekindled doubts about the safety of the nation's drug supply. In 2007, Medicare revoked coverage of compounded inhaler drugs for lung disease.

  • Suits seek to block mountaintop mines in 2 states Friday, 19 Oct 2012 | 10:28 AM ET

    LOUISVILLE, Ky.-- The Sierra Club along with environmental groups in Kentucky and West Virginia are attempting to block permitting at two mountaintop surface mines, alleging in federal lawsuits that the U.S. Army Corps of Engineers did not consider potential health impacts on residents.

  • Corvette production idled for 6 months in Ky Thursday, 18 Oct 2012 | 5:26 PM ET

    LOUISVILLE, Ky.-- General Motors plans to idle Corvette production in Kentucky for six months to prepare for the next generation of the iconic sports car. The automaker laid out its schedule Thursday for revamping its assembly plant in Bowling Green for the all-new 2014 model.

  • Lawsuit: Aspen Dental clinics operating illegally Thursday, 18 Oct 2012 | 4:11 PM ET

    ALBANY, N.Y.-- Aspen Dental Management and the private equity firm that controls it illegally operate dental clinics across the country and engage in aggressive, misleading profit-driven practices that cause patients economic harm, claims a federal lawsuit filed Thursday in New York.

  • GM retooling to idle Corvette production Thursday, 18 Oct 2012 | 3:41 PM ET

    LOUISVILLE, Ky.-- General Motors Co. plans to idle Corvette production in Kentucky for six months to prepare for the next generation of the iconic car. The automaker is preparing to retool its assembly plant in Bowling Green for the 2014 model.

  • Ky. jobless rate falls to 8.4 percent in Sept. Thursday, 18 Oct 2012 | 11:22 AM ET

    FRANKFORT, Ky.-- Kentucky is reporting a slight decline in its jobless rate in September despite a major loss of manufacturing jobs. The Office of Employment and Training released new unemployment figures on Thursday showing the jobless rate at 8.4 percent.

  • Fifth Third 3Q net income falls on charges Thursday, 18 Oct 2012 | 7:52 AM ET

    Fifth Third's net income available to common shareholders fell to $354 million, or 38 cents per share, from $373 million, or 40 cents per share, a year earlier.

  • Centene stock jumps as insurer vows Kentucky exit Wednesday, 17 Oct 2012 | 2:45 PM ET

    Shares of Centene Corp. soared Wednesday after the health insurer said it will end a contract to administer Medicaid coverage in Kentucky that had hampered its performance. A Centene official said in a brief statement that they "do not believe there is a viable path to a sustainable managed care program in Kentucky."

  • Medicaid provider to terminate contract with Ky. Wednesday, 17 Oct 2012 | 10:30 AM ET

    FRANKFORT, Ky.-- A Medicaid managed care provider in Kentucky is seeking to terminate its contract with the Cabinet for Health and Family Services after only a year, a move that would cut some 200 jobs in Lexington. Kentucky has three other Medicaid contractors.

  • Ky. man sentenced to 8 years in investment scheme Wednesday, 17 Oct 2012 | 9:02 AM ET

    OWENSBORO, Ky.-- An Owensboro, Ky. man has been sentenced to eight years in prison and ordered to pay $1.6 million in restitution for a scheme to defraud investors in three states. Judge Joseph H. McKinley Jr. also Tuesday ordered 28- year-old Cory B. George to forfeit contents of three bank accounts totaling about $484,000 to be applied toward final restitution.

  • Interest concerns weigh on PNC shares after 3Q Tuesday, 16 Oct 2012 | 3:31 PM ET

    BOSTON-- Investors, concerned about PNC Financial Services Group Inc.' s ability to grow profit amid record-low interest rates and increasing expenses, drove down the bank's shares Tuesday after its third-quarter results.

  • Ahead of the Bell: Amedisys shares tumble Monday, 15 Oct 2012 | 8:36 AM ET

    Shares of Amedisys Inc. sank in premarket trading Monday after the home health care provider said its annual revenue from health insurer Humana Inc. will shrink. Amedisys, based in Baton Rouge, La., said a new agreement with Humana will generate about half of the roughly $65 million to $70 million it has produced.

  • Ky. urges people to replace Medi-Share immediately Friday, 12 Oct 2012 | 1:13 PM ET

    FRANKFORT, Ky.-- Members of a Christians-only health insurance plan that has been ordered to cease operations in Kentucky should get different policies immediately, the state Department of Insurance advised Friday.