Top News & Analysis Kentucky

  • WASHINGTON, Sept 8- About 10,000 retired coal miners and their families descended upon the U.S. Congress on Thursday to pressure lawmakers to pass stalled legislation that would prevent 22,000 of them from losing their pension and health benefits as soon as early 2017.. "These miners put in decades of back-breaking work in America's coal mines to energize our...

  • The settlement came on the eve of what would have been the fourth in a series of test trials intended to help GM and plaintiffs define settlement options in 234 injury and death lawsuits consolidated in Manhattan federal court. One of the two cases, which had been set for a Sept. 12 trial, was filed by Virginia resident Stephanie Cockram, who sued GM over injuries she...

  • *Primavera, Ant Capital to invest $460 million in Yum China. *Yum China spinoff expected on Oct. 31. Sept 2- KFC and Pizza Hut owner Yum Brands Inc said Chinese investment firm Primavera Capital and an affiliate of Alibaba Group Holding Ltd will buy a stake in Yum China for $460 million as Yum prepares to spin off the business.

  • LEXINGTON, Ky., Sept 1- The U.S. labor market is at full strength and the Federal Reserve needs to be on a path of gradual interest rate increases, Cleveland Fed President Loretta Mester said on Thursday. Fed Chair Janet Yellen said last week she thought the case had grown stronger in recent months for an interest rate increase and Fed Vice Chair Stanley Fischer said...

  • MUNCIE, Indiana, Aug 30- One night a month, retired auto workers shuffle into a former elementary school classroom here to discuss their legal fight against the company that cancelled their health care benefits seven years ago. The group is a remnant of a once-powerful United Auto Workers union local, which at its peak in the 1960 s represented over 5,000 workers...

  • NEW YORK, Aug 29- Zhongwang USA LLC, backed by Chinese aluminum magnate Liu Zhongtian, said on Monday it would buy U.S. aluminum company Aleris Corp in a bet by the billionaire that the nascent U.S. automotive aluminum sector will be the industry's next big growth market. The $2.33 billion deal comes as Liu and Zhongwang International Group Ltd, the parent of...

  • Aug 29- Zhongwang USA LLC, a division of China's Zhongwang International Group Ltd., said on Monday it would buy U.S.-based aluminum rolled products maker Aleris Corp from a fund group in a $2.33 billion deal. Zhongwang International is also the parent of China Zhongwang Holdings Ltd, the world's second-largest producer of aluminum extrusions.

  • WASHINGTON, Aug 25- U.S. Senate Majority Leader Mitch McConnell said on Thursday that the Senate will not vote on President Barack Obama's signature Asian trade deal this year, punting it to the next president for changes and consideration. The statement appeared to dash White House hopes for a vote to approve the 12- country Trans-Pacific Partnership...

  • AssetMark Inc of Concord, California, agreed to pay $500,000, the largest penalty among the 13 firms, the SEC said. The penalties are based on the fees each firm earned from F-Squared's flagship "AlphaSector" strategy, a customized model for allocating investors' assets in exchange-traded funds, stocks and bonds, the SEC said. In 2014, F-Squared admitted to...

  • LOS ANGELES, Aug 10- Consumer groups will deliver a petition from more than 350,000 people to the KFC restaurant chain on Wednesday, calling on the Yum Brands Inc unit to stop the routine use of antibiotics by the companies that supply its chicken. More than 70 percent of medically important antibiotics in the United States are sold for use on livestock and...

  • LOS ANGELES, Aug 10- Consumer groups on Wednesday will deliver a petition from more than 350,000 people to the KFC fried chicken chain, calling on the Yum Brands Inc unit to stop the routine use of antibiotics by the companies that supply its poultry. More than 70 percent of medically important antibiotics in the United States are sold for use on livestock and...

  • EHRENFELD, Pa., Aug 9- From Appalachia to Wyoming, surging demand for cheap natural gas, tougher environmental regulations and multiple coal company bankruptcies have left behind a devastated coal business, lost jobs and billions of dollars in cleanup work. Many of the jobs are gone for good, but ex-miners can repair the damaged land and shape a post-coal economy,...

  • Aug 8- Logan's Roadhouse Inc, a steakhouse chain with about 260 restaurants, filed for bankruptcy protection on Monday after struggling with falling sales, rising labor and food costs and competition from casual dining rivals. The Chapter 11 reorganization is expected to reduce debt by more than $300 million, and give bondholders including a Blackstone Group...

  • The Chapter 11 reorganization is expected to reduce debt by more than $300 million, and give noteholders equity in the reorganized company, according to filings with the U.S. bankruptcy court in Delaware. Logan's plans to close some poorly-performing restaurants as part of its reorganization, which has support from its bank lenders and most bondholders,...

  • His wife, daughter, and sons Rocky and Tony, both miners, turned out for ice-cream, pop and a farewell toast for a man who had been at the West Virginia strip mine since the beginning. In a generation, the Hobet mine transformed from a small, founder-run operation to a company cheered in three different incarnations by Wall Street and twice bankrupt- a twisting path...

  • *Membership in Medicaid health plans business up 1.3 pct. The amount WellCare spent on medical claims out of the premiums it earned, a key measure of costs known as medical benefits ratio, decreased in both the company's Medicaid and Medicare businesses. The company's MBR improved to 83.6 percent from 85.9 percent in its Medicaid business and to 84.2 percent...

  • Aug 2- U.S. health insurer WellCare Health Plans Inc reported a 3.2 percent rise in second-quarter revenue as enrolments in its Medicaid plans for low-income families increased, and the company raised its profit forecast for the year. The company's membership in the Medicaid health plans business increased 1.3 percent to about 2.4 million as of June 30, mainly...

  • Aug 2- U.S. health insurer WellCare Health Plans Inc reported a 3.2 percent rise in second-quarter revenue as enrolments in its Medicaid plans for low-income families increased, and the company raised its profit forecast for the year. The company's membership in the Medicaid health plans business increased 1.3 percent to about 2.4 million as of June 30, mainly...

  • July 20- Electronics and smart-phone retailers are seeing a jump in sales of mobile charging equipment since Pokemon GO was released in the United States two weeks ago and are now looking for more ways to drive potential customers into stores through the wildly popular game. AT&T Inc, GameStop Corp and RadioShack are all seeing a bump in sales of mobile chargers...

  • July 20- Electronics and smart-phone retailers are seeing a jump in sales of mobile charging equipment since Pokemon GO was released in the United States two weeks ago and are now looking for more ways to drive potential customers into stores through the wildly popular game. AT&T Inc, GameStop Corp and RadioShack are all seeing a bump in sales of mobile chargers...