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Kentucky Poll: Many Democrats Undecided on Tea Party Movement

by Kentucky

The Tea Party movement enjoys widespread support among Kentucky Republican voters, but many Democrats still aren't sure what to make of the small-government crusaders, according to a new Kentucky Poll. More than one third of likely voters 39 percent say they have a favorable view of the movement, compared to 27 percent who have an [...]

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Big Automakers' April Sales Up, but Incentive Effect Wanes

by Kentucky

SOUTHFIELD, Mich. Toyota, General Motors and Ford's April sales increases missed analysts estimates amid the "ebb and flow" of the economic recovery. Only Chrysler Group among the six largest automakers exceeded projections, as the company posted a 25 percent monthly gain that was its biggest since July 2005. GM on Monday reported a 6.4 percent [...]

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U.S. Economy Grew Briskly in First Quarter, Government Says

by Kentucky

The Great Recession is over all but officially, as the U.S. economy grew at a solid 3.2 percent annual rate in the first three months of this year, the third consecutive quarter of growth, the Commerce Department reported Friday. Spending by both consumers and business powered the growth. Consumption rose 3.6 percent from January through [...]

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Impulse Shoppers Drive Convenience Store Recovery

by Kentucky

ATLANTA Impulse buyers are heading back to convenience stores for sodas and Hershey bars. PepsiCo and Coca-Cola said the volume declines at convenience stores slowed last quarter for the first time in at least a year. Hershey's first-quarter chocolate, mint and gum sales in those stores grew about 6 percent. "We're definitely seeing improving trends," [...]

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AEP 1Q Earnings Drop 4 Percent

by Kentucky

COLUMBUS, Ohio American Electric Power said Thursday its first-quarter profit dropped 4 percent as the lingering effects of the recession continue to hurt power demand. AEP posted a profit of $344 million, or 72 cents per share, for the three months that ended March 31 compared with $360 million, or 89 cents per share, in [...]

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Lexmark Earnings, Revenue Up

by Kentucky

Lexmark International announced Tuesday much higher earnings for the first quarter of 2010. First-quarter revenue of $1.04 billion increased 10 percent compared with the same quarter last year, but it was down 3 percent from the fourth quarter of 2009. Earnings were $1.20 a share, up from $0.75 a share for the same quarter of [...]

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Automakers Report Surge in U.S. Fleet Sales

by Kentucky

DEARBORN, Mich. U.S. auto sales to fleets surged 47 percent in the first quarter compared to last year, an early sign of economic improvement as governments, construction businesses and rental-car companies began buying again. Automakers are expecting fleet sales to continue to climb. Ford's Americas president Mark Fields said last week that the company is [...]

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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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IBM Optimistic Amid Signs of Tech Spending Rebound

by Kentucky

IBM Corp. said Monday its first-quarter profit jumped 13 percent, and the company offered evidence that corporate technology spending is rebounding after the recession. IBM said it earned $2.6 billion, or $1.97 per share, in the first three months of the year. In the same period of 2009 it earned $2.3 billion, or $1.70 per [...]

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