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)
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)...
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)
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)
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)
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)
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)
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)