Business

Unemployment Drops in Most of Kentucky

by Gabe Bullard on May 24, 2012

The unemployment rate has dropped in Louisville, and in most of Kentucky.

The most recent numbers from the Kentucky Office of Employment and Training show unemployment at 8.1 percent in Jefferson County, meaning about 30 thousand residents are without jobs.

That’s an improvement over last month and last year. The numbers are not seasonally-adjusted, and can’t accurately be compared to the 8.3 percent state unemployment rate or the 8.1 percent national unemployment rate.

Overall, 110 counties in Kentucky saw unemployment drop last month. The lowest rate was 5.1 percent in Woodford County, though Fayette, Oldham, Shelby and Hancock counties all have rates of six percent or less. The highest unemployment rate, 20.5 percent, was in Fulton County.

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Talks Continue Between University Hospital and Potential Business Partners

by Gabe Bullard May 24, 2012

Officials with University of Louisville Hospital continue their work on finding a new business partner. A new report from outside consultants says University Medical Center offers average service when compared to other academic hospitals, and the study shows a number of shortcomings in UMC’s growth strategy and business plan. But even if all that changed, the […]

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Courier-Journal Names Wesley Jackson Publisher

by Gabe Bullard April 17, 2012

The Louisville Courier-Journal has a new publisher. Wesley Jackson will fill the office last held by Arnold Garson, who retired last month. Jackson is a Louisville native—a graduate of DuPont Manual and the University of Kentucky. He has spent the last nine months as Vice President of Sales and Marketing at the Courier, which is […]

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Changes to Cable Service to Come Over Next Few Months

by Gabe Bullard February 29, 2012

Time Warner Cable has completed its purchase of Insight Communications, and changes to branding and service will begin over the next few months. Time Warner paid $3 billion for Insight and will absorb more than three quarters of a million Insight customers in Kentucky, Ohio and Indiana. Time Warner will soon begin putting its name […]

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Time Warner Buys Insight

by Gabe Bullard February 29, 2012

Time Warner Cable has completed its acquisition of Insight Communications. The $3 billion deal moves Insight’s 760,000 customers in Kentucky, Indiana and Ohio into Time Warner’s service. A press release from Time Warner says the company’s name will soon begin appearing on buildings, uniforms and mailings to customers. More information is coming soon.

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Ark Park Land Purchase Complete, Groundbreaking Not Scheduled

by admin February 16, 2012

by Stu Johnson, Kentucky Public Radio Plans for a replica of Noah’s Ark in northern Kentucky are moving forward, but the pace of the project has slowed. This week, officials with Ark Encounter closed on the last and largest piece of property needed for the biblically-themed amusement park. The development has been promised $40 million in […]

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FCC Approves Insight Sale, Time Warner Purchase Could Close Soon

by Gabe Bullard February 1, 2012

The Federal Communications Commission has approved Time Warner Cable’s purchase of Insight Communications. In an order issued this week, the FCC declared that the potential benefits to service under the sale outweigh any possible public harm. The three billion dollar deal has already earned approval from the Federal Trade Commission, and an Insight spokesman says […]

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UPS Lays Off 433 in Hebron

by Gabe Bullard January 25, 2012

by Tana Weingartner, WVXU Cincinnati  UPS is laying off 433 employees at its Supply Chain Solutions facility in Hebron, Kentucky. Spokeswoman Susan Rosenberg says the changes were needed because online clothing retailer Zulily no longer needs the facility’s services. “Unfortunately we are losing a customer there. They will be pulling their inventory management in house,” […]

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Kentucky Opens Work Ready Certificate, Eight Counties Apply

by Devin Katayama January 16, 2012

Jefferson County is not among the eight Kentucky counties that recently applied for a new certificate used to attract businesses. Although Louisville is a major business hub, it may not meet the benchmarks set by the Work Ready Communities program. The ACT, often referred to as a college entrance exam, has begun offering the work […]

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Sears Names 79 Stores That Will Close, None Are in Louisville Area

by Gabe Bullard December 29, 2011

No Louisville-area Sears and K-Mart stores are on a preliminary list of locations the Sears Holding Corporation plans to close. Earlier this week, the company announced it would close 100 to 120 stores nationwide, but didn’t say which stores will close or when. A preliminary list has now been released naming 79 stores. There are three […]

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