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UPS pilots to announce strike vote over workload, compensation
The UPS pilots union is poised to authorize a strike Friday — but a company spokesman said that any strike vote at this point would be largely symbolic and illegal. The Independent Pilots Association...
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UPS pilots vote to authorize strike
UPS pilots have voted overwhelmingly in favor of a strike, citing concerns over workload, compensation and benefits. The company said the vote was symbolic and meant solely to put pressure on the...
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Stock Yards Bank loans up 9 percent
An improving economy and expansion in the Cincinnati market boosted Louisville-based Stock Yards Bancorp’s loan production by 9 percent in the third quarter. Net income, at $9.3 million, fell 6.1...
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GE CEO: Worker shortage ‘crisis’ hampering economic growth
A manufacturing worker shortage in Louisville and beyond is creating “major challenges” for businesses and hampering economic growth, a top-level General Electric executive said today. Chip...
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UPS shares slide on Q3 earnings report
United Parcel Service reported third-quarter net earnings of nearly $1.26 billion, up 3.5 percent thanks largely to a rise in profits from overseas operations. Revenues, at $14.2 billion, fell 0.4...
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State insurance commissioner sees few antitrust concerns in Humana deal
The state’s top insurance official said she expects the state to voice no anti-competition objections to Aetna’s proposed acquisition of Humana. Sharon P. Clark, commissioner of the Kentucky Department...
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Aetna-Humana deal to face tough federal review
Despite overwhelming shareholder approval, Aetna’s proposed $37 billion acquisition of Louisville-based Humana still faces a potentially tough hurdle: scrutiny from federal regulators. A Western...
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New research says processed meats increase cancer risk: An oncologist,...
Turkey for Thanksgiving, sure. But hold the ham? New research from the World Health Organization indicates the consumption of processed meats — think hot dogs, sausages and ham — increases consumers’...
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Aetna shares climb on third-quarter report
Health insurance giant Aetna raised its profit expectations for the year based in part on strong third-quarter growth in its Medicare/Medicaid segment. Net profit, at $560 million, was down 5.8 percent...
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Report: Feds rebuff Electrolux in proposed GE Appliances deal
The sale of Louisville-based GE Appliances to Stockholm, Sweden-based Electrolux Group has encountered a hurdle, according to a report from Reuters. The U.S. Department of Justice today rejected an...
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GE and Electrolux still expect to complete merger this year
Despite federal regulators’ opposition, Swedish appliances maker AB Electrolux still wants to close its purchase of Louisville-based GE Appliances this year, a spokeswoman said. And according to an...
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Electrolux exec blasts feds for objecting to GE Appliances deal
A senior AB Electrolux executive said today that federal regulators “should get out of (their) own way” and withdraw their objections to the company’s planned purchase of GE Appliances. GE had...
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E-commerce growth fueling UPS expansion in Louisville
Logistics giant UPS says e-commerce growth and a need for more modern technology are driving its investments in Louisville. The company said last week that it would invest nearly $310 million in its...
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Kindred stock falls 20 percent on Q3 report
Kindred Healthcare’s stock plunged more than 20 percent in early morning trading after the Louisville-based company lowered its earnings outlook for the year. Kindred reported a third-quarter net loss...
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Humana profit rises, but benefit costs jump
Humana said today that third-quarter revenues rose – but benefit costs also jumped, in part because patients the company gained from Obamacare were sicker, and therefore more expensive than expected....
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Source: Feds say GE deal would harm low-income consumers
Federal regulators want to stop the proposed acquisition of GE Appliances by AB Electrolux because it would harm consumers, particularly those who are low income, a source familiar with the...
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Ford, union reach tentative contract agreement
Ford Motor Co. and the United Auto Workers union said today that they have reached a tentative agreement on a four-year contract. Details were not immediately available, but the union said on its...
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Unions sue GE over health coverage
A coalition of labor unions has sued General Electric Corp., alleging the company has violated federal law by depriving some retirees of agreed-upon medical coverage. GE said it acted lawfully and that...
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Manufacturing and logistics spur Louisville job growth, along with workforce...
Fueled by a manufacturing resurgence and growth in e-commerce and logistics sectors, the Louisville area has added jobs at a faster clip in the last five years than any other metro in the region....
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AMA asks feds to block Aetna-Humana merger, cites ‘significant concerns’
Updated at 8:32 p.m. Wednesday. The American Medical Association in a letter has asked the U.S. Department of Justice to block mergers of Anthem and Cigna as well as Aetna and Humana. In the...
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