Covering The Economy
Today
Fan Outfitters Sold To National Chain
Posted 9:06 AM 5/20/2013
(AP) - A Lexington-based string of sporting goods clothing stores has been sold to Lids Sports Group, a national chain based in Indianapolis. Members of the Dawahare family sold Fan Outfitters last week for an undisclosed price. The deal includes the three Fan Outfitters stores in (More)
Yesterday
US Gas Prices Up 11 Cents Over Past 2 Weeks
Posted 4:46 PM 5/19/2013
CAMARILLO, Calif. (AP) - The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks. The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.66. Midgrade costs an average of $3.84 a gallon, and premium is $3.98. (More)...
5/18/2013
Bernanke Forecasts Gains From Computer Technology
Posted 11:19 AM 5/18/2013
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke says pessimists forecasting that the economy will not reap sizable benefits from the computer revolution are likely to be proven wrong.Bernanke told a college graduating class Saturday that the long-range practical consequences (More)
Oil Rises Above $96 On Encouraging Economic News
5/17/2013
Stocks Rise On Hopeful Signs For The US Economy
Posted 6:40 PM 5/17/2013
NEW YORK (AP) - Encouraging news about the U.S. economy extended the stock market's rally Friday.
Small-company stocks rose the most, a sign that investors are taking on more risk. Two companies soared in their stock-market debuts in the latest indication that the market for initial public (More)
5/16/2013
Airlines Lose $552 Million In 1Q, Better Than '12
Posted 12:14 PM 5/16/2013
NEW YORK (AP) - U.S. airlines say they improved their financial performance in the first quarter, although they still lost money in what is traditionally the year's toughest travel period.
The airlines lost $552 million - or $3.30 per passenger - in the first three months compared with a (More)
Kentucky Jobless Rate Falls To 7.9% In April
US Jobless Claims Jump To Highest Level In 6 Weeks
US Housing Starts Fell In April But Permits Surged
5/15/2013
Kobe Aluminum In Bowling Green To Add 100 Jobs
Posted 3:01 PM 5/15/2013
Governor Steve Beshear on Tuesday joined company and local officials at Kobe Aluminum Automotive Products LLC (KAAP) in Bowling Green to break ground on the company's second expansion in recent months. Kobe Aluminum plans to add an 87,000-square-foot building, resulting in 100 new, full-time jobs (More)
U.S. Factory Output Falls 0.4 Percent In April
US Wholesale Prices Fall 0.7 Pct., Most In 3 Years
5/14/2013
Stock Market Rises Back Into Record Territory
Posted 7:04 PM 5/14/2013
NEW YORK (AP) - The stock market marched back into record territory Tuesday as investors seized on the latest encouraging news about the economy. This time, it was a report on the health of small businesses.
Small business owners were slightly more optimistic in April, according to a (More)
CBO Estimates 2013 Deficit At $642 Billion
NTSB To Name Cause Of Ship Striking Kentucky Bridge
5/13/2013
Stock Market Rally Pauses On Monday
Posted 7:23 PM 5/13/2013
NEW YORK (AP) - A record-breaking rally in stocks paused Monday as investors assessed whether the rise in stock valuations overstated the recent improvement in the economy. The latest positive data, out Monday, showed that Americans increased spending at retailers last month. That (More)
