Kentucky Center for Investigative Reporting (https://kycir.org/category/business/page/2/)
Bars and restaurants are closed. Schools are shuttered. Several major corporations, like Ford, have suspended operations. Others, like Humana, have allowed many employees to work from home. Even Kentucky’s sacred trifecta — church, basketball games and horse races — have all been canceled or postponed for the foreseeable future.
Kristin Hurst walked into the Kentucky lottery office in Lexington in May of last year expecting to claim a $1,000 prize from a scratch-off lottery ticket. Instead, the lottery employee told Hurst there was a red flag on her account. From the parking lot, she made a nervous call to her fiancé. It was his ticket she was trying to cash in, but something was wrong. She had to go to the main Kentucky lottery office to find out what.
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.
The University of Louisville Foundation has been slapped with a negative outlook by one of the nation’s major debt rating services.
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.
As the Kentucky Community & Technical College System eliminates 506 jobs, it disclosed that it paid $815,741 last year to former president Michael McCall.
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.
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.
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.
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.