Kentucky Trailer staying in Louisville
A shortened trading day on Wall Street Thursday -- oil prices spiked then pulled back, and the U.S. dollar actually showed a little strength against the Euro. Investors found a few reasons to buy before the holiday.
The Dow is up 73 points to close at 11,288.
The Nasdaq closed down 6 points at 2245.
For the 6th straight month America's businesses cut their payrolls.
The Labor Department says 62,000 people lost their jobs last month. But the unemployment rate held steady at 5.5%.
Education and health service hirings helped offset the job losses in construction and manufacturing.
Add a little something to your budget for a future LG&E rate increase.
The utility has filed a notice of intent to ask for a rate increase on or after July 29th. LG&E tells us the amount of the increase request will be released Friday.
A Louisville company that dates to 1936 is not moving to Corydon, Indiana but instead will relocate to Jefferson Riverport.
Gary Smith, the president of Kentucky Trailer, explains, "We made an important decision for the future of this company, and that is to stay here in Louisville, Kentucky and to relocate our manufacturing facility."
Kentucky Trailer is selling its current property on south Third Street to the University of Louisville for expansion of the school. By staying in Louisville, the city retains 286 jobs.
Gov. Steve Beshear said, "This is the country's oldest producer of custom-built trailers. On a specific level I'm thrilled we've been able to come together to retain an old family-owned company with such a rich history in this city."
Kentucky Trailer is receiving $13 million in tax incentives. The company expects to begin operating in Riverport next year.
Finally you can have some ice cream for dessert and not feel guilty about it.
A year ago Proof on Main generated more than $4500 by pushing ice cream. The restaurant's chef, Michael Paley is helping the cause by creating new flavors.