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Humana, Aetna announce merger; governor ‘cautiously optimistic’ it’s a ‘net positive’

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Louisville-based Humana and Aetna today announced an agreement under which Aetna will acquire all outstanding shares of Humana for a combination of cash and stock valued at $37 billion, or approximately $230 per Humana share based on the closing price …

Kentucky bourbon inventory sets 40-year record with 5.7 million barrels in warehouses

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  Kentucky’s inventory of aging bourbon barrels set a 40-year high in 2014, with 5.7 million charred oak casks “sleeping” in Bluegrass warehouses, the Kentucky Distillers’ Association announced today.   “The last time Kentucky had this much bourbon, Jimmy Hoffa …

Ashland to acquire AkzoNobel’s patented
Zeta Fraction biofunctional technology

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Ashland Specialty Ingredients, a commercial unit of Ashland Inc. and a world leader in the production of biofunctional ingredients, today announced it has signed a definitive agreement to purchase the Zeta Fraction technology from AkzoNobel.   The acquisition broadens Ashland’s …

PSC: No increase in LG&E electric rates; LG&E gas, KU electric rate hikes reduced

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The Kentucky Public Service Commission has approved a settlement that reduces the base rate increases sought by Louisville Gas & Electric Co. and Kentucky Utilities Co.   Under the terms of the unanimous settlement agreement, LG&E’s electric customers will see …

Making the Connection: AT&T’s Hood Harris excited about a more ‘broadbanded’ Kentucky

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  By Judy Clabes KyForward editor   Some 117 new laws passed during the recent session of the Kentucky General Assembly, and most of them went into effect last week. Others, like the no-dropout law, become law July 1.   …

KY FAME expands to southeastern Kentucky with apprentice-style training program

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Kentucky’s nationally recognized workforce training program continues to grow in Kentucky. Gov. Steve Beshear today announced the Kentucky Federation for Advanced Manufacturing Education is creating a new chapter in the Cumberlands region, which includes 13 counties in southeastern Kentucky.   …

Community Bank Shares of Indiana, Inc. changes name to better align with growth

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Community Bank Shares of Indiana, Inc., the holding company for Your Community Bank and The Scott County State Bank, has officially changed the name of the company to Your Community Bankshares, Inc. In conjunction with the corporate name change, the …

Study co-authored by Gatton’s Hardesty shows marketing messages can be contagious

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What does a teenage girl’s excitement over seeing a Taylor Swift poster displayed in a store have to do with selling school supplies located on a nearby shelf to that same teen? It turns out plenty, according to a study …

Kentucky Chamber economic study shows employment reaching pre-recession level

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From KyChamberBlog   A new economic study released by the Kentucky Chamber of Commerce Thursday shows Kentucky’s statewide employment level, for the first time, is now back up above the pre-recession level.   The study, conducted by Kentucky Chamber Senior …

State jobless rates down in 119 counties in May; Woodford has lowest with 3.8 percent

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Unemployment rates fell in 119 Kentucky counties between May 2014 and May 2015, but rose in Russell County, according to the Kentucky Office of Employment and Training, an agency of the Kentucky Education and Workforce Development Cabinet.   Woodford County …