I had the day off Monday and was determined to do something fun and completely unrelated to work.
With companies in no mood to hire, the unemployment rate jumped to 9.4 percent in May, the highest in more than 25 years. But the pace of layoffs eased, with employers cutting 345,000 jobs, the fewest since September.
General Motors filed for Chapter 11 bankruptcy protection Monday as part of the Obama administration's plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government.
I haven’t come across any new restaurants in recent weeks and have decided to begin writing notes about existing places to eat which may not be familiar to everyone. I’m also recruiting anyone who wants to volunteer their help with this one, and already have a couple of secret agents making lists of their favorite places to eat in Carter County.
President Barack Obama outlined Tuesday the nation's first comprehensive effort to curb vehicle emissions while cutting dependence on imported oil, calling the plan an historic turning point toward a "clean-energy economy."
Hybrid vehicle laggard Nissan hopes to catch up with its Japanese rivals after launching the company's own green car technology next year, an executive said Tuesday.
Power costs in Kentucky and Illinois would shoot up under federal carbon tax legislation targeting states heavily dependent on coal-fired electricity.
Sun Chemical will temporarily close its pigment plant here to adjust to inventory
My grandfather always kept an air compressor ready for anyone who needed it at the old family grocery/post office/VW garage, and I suspect he would have been either amused or angry at the idea of a business charging anyone for air.
Mike Light knows the economy is tough — for businesses and employees. So when things slowed down for Light Enterprises, his Ashland demolition and site preparation company, Light decided there had to be a way to hold onto his trusted employees while keeping his business running.
The Stone Mountain Dataplex property is not being sold and Global Data Corporation is not shutting down operations in Olive Hill, according to the company’s attorney Mike Fox.
Despite unexpected obstacles, the Stone Mountain Dataplex project in the Lawton community near Olive Hill is moving forward and expected to be back under construction in the near future.
A last-minute food gathering effort for an office lunch last week provided an opportunity to visit the deli at Jack’s South Ashland Cardinal Market in search of Ashland’s best cole slaw.
The oldest shoe store in the area has another distinguished honor to add to its list of accolades.
Steel maker AK Steel Holding Corp. says it posted a first-quarter loss compared with a year-earlier profit, hurt by the recession and declining orders from the auto industry.
AK Steel Holding Corp. paid Chief Executive James L. Wainscott $9.5 million in 2008, up 3 percent from 2007, according to an Associated Press analysis of its proxy filings.
With no relief expected before the price of cigarettes and alcohol jumps Wednesday morning, Bill Steele at Shamrock Liquors sums up the situation by saying, “It is what it is and there’s nothing we can do about it.”
State economic development officials will check whether Wal-Mart Stores Inc. violated terms of a tax agreement by closing an optical lab and laying off 650 workers, a state spokeswoman said Saturday.
Officials with Our Lady of Bellefonte Hospital have announced two additions to the hospital’s administrative team.
I love the Ashland area during the first warm days of the year. I rolled past central Park Tuesday evening and saw people walking hand in hand,
Belk will open a new men’s and home store today, marking completion of the first phase of a $3.6 million expansion and renovation of Ashland Town Center store.
Beneath the frozen plains of eastern Montana and Wyoming lie the largest coal deposits in the world — enough to last the United States more than a century at the nation's current burn rate.
Toyota Motor Corp. is reacting to the slump in U.S. auto sales by further cutting North American production, slashing executives' compensation up to 30 percent and offering buyouts to about 18,000 workers.
I regret a wish I made during an early snow we received in 2008. That wish was for enough snow to make it possible to take one decent sled run down the big hill behind my house.
Cincinnati-based AK Steel Holding Corp. is recalling more than 500 hourly workers who had been laid off at its plant in Ashland.
About 100 hourly workers are expected to return to AK Steel this week, according to company spokesman Alan McCoy.
Steel maker AK Steel Holding Corp. says it swung to a fourth-quarter loss as demand for the metal sank amid the global economic downturn. It forecast a significant operating loss for the first quarter.
It's already been a lousy year for workers less than a month into 2009 and there's no relief in sight. Tens of thousands of fresh layoffs were announced Monday and more companies are expected to cut payrolls in the months ahead.
Bankrupt Circuit City Stores Inc., the nation’s second-biggest consumer electronics retailer, said Friday it failed to find a buyer and will liquidate its 567 U.S. stores. The closures could send another 30,000 people into the ranks of the unemployed.
The Gyro King has closed its doors, but fear not — owner Chris Mitropoulos will soon be serving up his gyros, souvlakis and other savory Greek dishes in a new location.
Ron Cartee Sr. counts himself as lucky to have grown up at a time when local boys had the option of going to work instead of college.
President George W. Bush's $17 billion lifeline to General Motors Corp. and Chrysler LLC means neither company will perish while he occupies the White House, yet leaves the ultimate fate of the once-proud auto industry up to the incoming Obama administration.
The nation’s banking crisis has claimed another local business.
Facing massive job losses, the White House and congressional Democrats are working to provide about $15 billion in loans to prevent Detroit's weakened auto industry from collapsing.
The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents.
Lindsay Pasley is an eager young man in what used to be an older man's game, tobacco farming.
For the third year in a row, King’s Daughters Medical Center has been named by Thomson Reuters as one of the nation’s 100 Top Hospitals for cardiovascular care
On Saturday, King’s Daughters Medical Center will “go live,” implementing a new state-of-the-art clinical information system called Epic.
Modern Healthcare magazine, a leading U.S. health care journal, has placed King’s Daughters Medical Center No. 5 on the national list of the 100 Best Places to Work in Healthcare.
If you tried to reach me last week you may have figured out I took advantage of the opportunity to take a vacation and celebrate our 18th wedding anniversary.
After a minor delay due to unexpected renovation work and a health inspection, the staff at Katie’s Corner Cafe officially re-opened the restaurant to a crowd of hungry customers at 6 a.m. Wednesday.
Our Lady of Bellefonte Hospital was honored as a 2008 Professional Research Consultant Best Practice Hospital in nine separate categories based on exemplary patient satisfaction surveys.
Joe Vanderhoof, president of the Hudson Valley Media Group and publisher of the Middletown, N.Y., Times Herald-Record, will also oversee the company’s media group in the Poconos.
Small-business operators interested in doing business with the Wayne National Forest and U.S. Department of Agriculture are invited to a workshop presented by the Southern Ohio Procurement Outreach Center.
The hot rumor on the street during the recent Poage Landing Days festival was that Katie’s Corner will soon re-open at the corner of Greenup Avenue and 15th Street.
Treasury Secretary Henry Paulson said Sunday that U.S. credit markets remain frozen and Congress must move quickly to pass a $700 billion bailout package for financial firms. But key Democrats said the legislation needs changes to provide better protections for taxpayers and homeowners in danger of losing their homes.
Urgently moving on multiple fronts to stem the worst financial crisis in decades, the government on Friday said it would safeguard assets in money market mutual funds and temporarily banned short-selling of financial company stocks. The Treasury Department asked Congress to give it sweeping power to buy up toxic debt that has unhinged Wall Street.
Blue Grass Airport welcomes low-cost airline Allegiant Air LLC to Lexington today with new, nonstop jet service to Florida beginning Nov. 6.
If approved by the court, Steve & Barry’s stores will continue to do business at 276 stores nationwide.
Two area counties will be receiving money from the state to help repair storm-damaged roads and bridges.
New Orleans native Terry Freese recently opened Cajun Connection at 102 Grandview Ave. in South Point, near the Grandview Hotel.
The Federal Reserve and the Treasury announced steps Sunday to shore up mortgage giants Fannie Mae and Freddie Mac, whose shares have plunged as losses from their mortgage holdings threatened their financial survival.
Starbucks Corp. said Tuesday it will close 600 company-operated U.S. stores in the next year, up dramatically from its previous plan for 100 closures, a sign the coffee shop operator is still feeling the pain from the faltering U.S. economy.
A bankruptcy firm on Tuesday confirmed it is working with apparel retailer Steve & Barry’s LLC to negotiate with its lenders and review strategic alternatives.
Just as Americans grow more reliant on credit cards to help pay monthly bills, they're being hit with a one-two punch: Card companies are reducing borrowing limits for tens of thousands of consumers, which then can lead to lower credit scores.
Developers are remaining silent about what businesses will be included in a new shopping plaza under way along U.S. 60.
Belk officials have announced plans to spend $3.6 million for expansion and remodeling of the Ashland store, ultimately occupying approximately 95,000 square feet of space within Ashland Town Center.
McDonald's, Wal-Mart and other U.S. chains have halted sales of some raw tomatoes as federal health officials work to trace the source of a multistate salmonella food poisoning outbreak.
I really didn’t believe I would be getting one of these economic stimulus checks from the government. According to a letter I just found in the mailbox, however, It appears I am indeed on that list.
Our Lady of Bellefonte Hospital’s Marketing and Communications Department received 10 awards and King’s Daughters Medical Center eight from the Kentucky Society for Healthcare Public Relations and Marketing.
On a sunny April morning Steve Jackson stands outside of his downtown tire company laughing and joking with the continuous stream of customers that pulls off 16th Street into his lot.
For months, Americans have been subjected to a sort of economic water torture — a maddening drip of bad news about jobs, gas prices, sagging home values, creeping inflation, the slouching dollar and a stock market in bumpy descent.
Matt Abrams, founder and owner of A’s Custom Powder Coating, is ready for the leap from small business to emerging industry.
It just looks bad.
I certainly got an education in local politics, grudges and attitudes last week in response to a request for reasons why many people consider Ashland’s downtown business district to be doomed, while others see it as an area of nearly unlimited opportunity.
Oil prices hit a record $105.10 a barrel Thursday, a day after a surprise drop in U.S. crude supplies and a decision by OPEC not to boost production.
Someone please clue me in.
Toshiba may pull the plug on its high-definition DVD format but no decision has been made, the Japanese electronics maker said in a statement Monday.
General Motors Corp. reported a $38.7 billion loss for 2007 on Tuesday, the largest annual loss ever for an automotive company, and said it is making a new round of buyout offers to U.S. hourly workers in hopes of replacing some of them with lower-paid help.
Yahoo Inc.'s board will reject Microsoft Corp.'s $44.6 billion takeover bid after concluding the unsolicited offer undervalues the slumping Internet pioneer, a person familiar with the situation said Saturday.
Despite remarkably quick passage, the economic aid plan and its cash rebates may come too late to prevent a recession this year. For many experts, however, the $168 billion boost to the lagging economy may mean the difference between a short downturn and something much more serious.
Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.'s dominance of the lucrative online search and advertising markets.
AK Steel Holding Corp. had record revenues and shipments in 2007 and starts the new year healthier than imaginable when his management team took over four years ago, CEO James Wainscott said Tuesday.
The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, slashed a key interest rate by three-quarters of a percentage point on Tuesday and indicated further rate cuts were likely.
United for urgent action, the White House and Congress raced toward emergency steps Thursday to rescue the national economy from a possible recession, including tax rebates of at least $300 a person, and maybe as much as $800.
