States are collaborating to create hubs of excellence in a myriad of industries—from food to water tech—to develop homegrown business.» Read More
DUBAI, United Arab Emirates— The super-sized malls that dot Dubai and other Gulf Arab cities are stuffed with foreign restaurants, from Burger King and Subway to suburban sit-down staples like IHOP and Red Lobster. A United Arab Emirates- based chain called Just Falafel opened its first branches in the United States and Canada last month.
Republicans blocked a bill that was designed to override a Supreme Court ruling and ensure access to contraception for women who get their health insurance from companies with religious objections. But Democrats hope the issue has enough life to energize female voters in the fall, when Republicans are threatening to take control of the Senate.
WASHINGTON— The Senate approved two nominees for the Federal Energy Regulatory Commission on Tuesday under an unusual political deal in which a FERC staff member will eventually be promoted to lead the commission.
NEW YORK, July 15- Retirement payouts for 19.3 million U.S. state and local government workers in coming years are not likely to look much different from the iron-clad pensions that former teachers and police now get.
The House approved the cuts by voice vote after little debate Monday night as it took up a $21 billion spending bill that sets the IRS budget.
LOUISVILLE, Ky.— Kindred Healthcare is offering more cash for shares of Gentiva Health Services Inc., but it now aims to acquire just a slice of the home health and hospice care provider instead of the whole company.
NEW YORK, July 14- Federal prosecutors are developing a criminal fraud case hinged on whether General Motors made misleading statements about a deadly ignition switch flaw, and are examining activity dating back a decade, before GM's 2009 bankruptcy, according to multiple sources familiar with the investigation.
WASHINGTON, July 13- This year was supposed to be different for Congress. U.S. lawmakers expected that a promising budget deal reached after a government shutdown last year would herald a new normal for passing annual spending bills, moving Congress away from the crisis-driven approach and resulting economic jitters of recent years.
A deal between Reynolds American Inc. and Lorillard Inc. would create a formidable No. 2 to rival Altria Group Inc., owner of Philip Morris USA. The merger would be "very positive for the global tobacco industry and could be just the beginning of future transactions," Wells Fargo Securities analyst Bonnie Herzog wrote in an investor note.
FRANKFORT, Ky.— An engineering firm has announced plans to expand its operations in Boyd County in northeastern Kentucky. EN Engineering currently employs nearly 90 workers in the state, and is expanding its engineering capacity to better serve the tri-state region of Kentucky, West Virginia and Ohio.
NASHVILLE, Tenn.— Vice President Joe Biden on Friday condemned the political gridlock crippling Washington, calling on Republican and Democratic governors alike to lead the nation "out of this mess" while insisting that Congress approve billions of dollars to repair the country's aging infrastructure.
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.
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."
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.
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.
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.
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.
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.