If granted, the lawmakers’ request would allow payday lenders offering annual interest rates as high as 469% to tap into forgivable loans with a 1% interest rate.
Business
Former Workers Say Ky. State Fair’s Ride Provider Lacks Safety Training
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Something went wrong with the Fireball ride at the 2018 Kentucky State Fair, and ride operator Duanne Haywood went underneath. Within minutes, Haywood was pinned. His was one of 19 worker injuries the ride company reported last year.
Business
U of L Foundation Draws A ‘Negative’ Financial Outlook From Ratings Firm
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The University of Louisville Foundation has been slapped with a negative outlook by one of the nation’s major debt rating services.
Business
Big Endowments And Underwhelming Returns At Kentucky Universities
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We reviewed 11 college endowments in Kentucky and found a significant variation in investment returns. The state’s largest endowments posted lower average returns after putting donors’ cash in exotic, expensive and risky funds.
Business
Despite KCTCS Declines and Cuts, Former President Got Huge Payout
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As the Kentucky Community & Technical College System eliminates 506 jobs, it disclosed that it paid $815,741 last year to former president Michael McCall.
Business
Panama Papers Reveal Possible Kentucky Ties
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Among more than 320,000 offshore accounts and trusts unveiled in a Panama Papers database Monday are a handful of accounts with names similar to Kentucky entities, and a few registered to addresses in the commonwealth.
Business
Louisville’s Hilliard Lyons To Pay Fine For Bilking Investors
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The firm, one of the oldest in the country, will pay a $175,000 fine and refund $328,491 to customers who were billed for excessive sales charges between 2009 and 2014.
Business
Louisville-based PharMerica Settles Fraud Lawsuit
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PharMerica Corp., the Louisville-based company and one of the nation’s biggest providers of drugs to nursing homes, closed out its 2015 by agreeing to write another large check to the government to settle a lawsuit accusing it of defrauding federal health care programs.
Business
Papa John’s CEO, Koch Foundation Expand Free Enterprise Program at UK
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The foundations of pizza magnate John Schnatter and businessman Charles Koch have donated a combined $12 million to create a “free enterprise” teaching institute at the University of Kentucky. The donation, one of the largest in UK history, is double what the two groups made earlier this year to set up a similar program at the University of Louisville.
Business
PharMerica Pays $9.25 Million to Settle Health Care Fraud Suit
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PharMerica Corp., the Jeffersontown-based supplier of drugs to nursing homes, has agreed to pay $9.25 million to settle civil claims that it took kickbacks to boost sales of an anti-seizure drug.
Business
State Worker Pension Plan Sees Much Lower Returns Than Others in Kentucky
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Already home to one of the most underfunded public pension plans in the nation, Kentucky Retirement Systems is losing further ground through its investment choices.