Friday, February 3, 2012



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NGAS Announces Stock Offering

by Kentucky

Lexington-based NGAS Resources, which explores for and produces natural gas, announced Wednesday that it has priced a stock and warrants offering that should generate $5.2 million. The company said in a news release that the offering of 3.96 million units will be priced at $1.31 per unit. Each unit consists of one share of the [...]

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Debt Exchange Hurts NGAS Earnings

by Kentucky

Lexington-based NGAS Resources, which explores for and produces natural gas, reported Thursday a net loss of $4.8 million for its first quarter, driven by costs associated with the company's recent debt exchange. A year ago, the company lost $1.4 million in the same period. The loss in the first quarter was 15 cents a share, [...]

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For Cormans Storedisplay Company Christmas Is Just One Day of the Year

by Kentucky

To many Lexington residents, Cormans has always been about Christmas. So it may come as a surprise to learn the company on Floyd Drive that has sold classy Christmas décor for decades, save for a year or two at the height of the recession, is far more into manufacturing store displays and fixtures than decorating [...]

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Churchill Reports Q1 Loss Despite Record Revenues

by Kentucky

Thanks in part to the opening of the Calder Casino in Florida, Churchill Downs Inc. reported record first-quarter revenue of $75.1 million. But it wasn't enough to move earnings into positive territory. Churchill Downs Inc. reported a first-quarter loss of $8.4 million, or $0.62 per share, compared with a loss of $5.1 million, or $0.37 [...]

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E.ON to Donate $2M to UK as Parting Gift

by Kentucky

In a goodwill effort, E.ON will donate parting gifts of $2 million to the University of Kentucky, $2 million to the University of Louisville and $2 million to the Louisville Gas & Electric Foundation. The power company's donations could help generate public support for the German company's announced $7.6 billion sale of LG&E and Kentucky [...]

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Kentucky Utilities Parent Reportedly Sold to Pa. Corporation

by Kentucky

The German power company E.ON AG is nearing an agreement to sell its Louisville-based U.S. unit, which owns Kentucky Utilities and Louisville Gas and Electric, to PPL Corp., according to a person with knowledge of the matter. The deal is valued at about $7.5 billion including debt, the person said. E.ON, based in Dusseldorf, Germany, [...]

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Insight to Require Boxes or Adapters on All TVs

by Kentucky

Insight Communications, Lexington's cable provider, plans to switch to an all-digital cable lineup later this year and will require customers to obtain cable boxes or adapters for all televisions in their homes. By eliminating analog channels, which take up more bandwidth on Insight's network than digital ones, the company plans to add about 50 more [...]

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Tempur-Pedic First-Quarter Earnings Up

by Kentucky

Lexington-based mattress-maker Tempur-Pedic International announced first-quarter earnings this week that were improved over last year, and the company also bolstered its outlook for the year. Tempur-Pedic earned $33.1 million, or 44 cents a share, in the quarter, up from $13.3 million, or 18 cents a share, in the first quarter of 2009. Net sales increased [...]

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In Wyoming, Push to Mine Rare Earths in US Forest

by Kentucky

A Canadian company hoping to compete with China's near-monopoly of rare earth elements - metals critical for everything from U.S. military weaponry to wind turbines - wants to open a strip mine inside a national forest in northeast Wyoming. View full Kentucky post at: Kentucky.com: Business Tags: rare earth elements, military weaponry, View, everything, company

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Governor Beshear Announces Martinrea Heavy Stampings to Expand in Shelbyville

by Kentucky

Gov. Steve Beshear today joined community leaders and company executives from Martinrea Heavy Stampings, a Tier 1 automotive supplier, to announce the company will expand its Shelbyville operation. The plant will begin production of automotive metal stampings and assemblies for the Ford Motor Company next generation Escape to be launched at the Louisville Assembly Plant. [...]

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