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News briefs from around Kentucky at 1:58 a.m. EDT
Feds pull plug on Ky. uranium plant and 1,000 jobs FRANKFORT, Ky. (AP) — The operator of a Cold War-era plant in western Kentucky that supplies enriched uranium to nuclear power plants said Friday it planned to cease production after federal energy officials decided to end its work, putting more ...
IMF chief named key witness in French payoff case
After two days of intense questioning from French magistrates, International Monetary Fund chief Christine Lagarde said Friday a court named her as a key witness in an investigation into a controversial payoff to an outspoken businessman that was arranged while she was France's finance minister — stopping short of charging ...
Stocks barely budge; market ends week with loss
Major stock indexes closed out their first weekly loss in a month in quiet trading Friday. The Standard & Poor's 500 index dropped 0.91 of a point to close at 1,649.60. The Dow Jones industrial average rose 8.60 points to 15,303, a gain of 0.1 percent. Procter & Gamble supported ...
Investors shift focus to growth stocks
Growth stocks, neglected at the start of the year, are starting to get a bit of love from investors again. The best returns in the Standard & Poor's 500 index over the past month have been posted by technology companies. Industrial companies as well as banks and insurers are also ...
Investors shift focus to growth stocks
Growth stocks, neglected at the start of the year, are starting to get a bit of love from investors again. The best returns in the Standard & Poor's 500 index over the past month have been posted by technology companies. Industrial companies as well as banks and insurers are also ...
4 convicted in Bank of Commonwealth fraud
Former Bank of the Commonwealth president and CEO Edward Woodard Jr. and three others were convicted Friday of conspiring to defraud the bank out of $71 million before its collapse in 2011. One other man, former vice president Simon Hounslow, was acquitted. Jury deliberations had begun May 17 following nine ...
Former bank teller gets prison time in bank fraud
Former Picayune bank teller Vonetta Jordan has been sentenced to 17 months in prison for bank fraud and ordered to repay over $117,000. On Thursday, U.S. District Judge Sul Ozerden also ordered two years of probation after her release from prison. The 37-year-old Jordan, of Poplarville, was the head teller ...
World stocks lower after big sell-off
World stocks edged lower on Friday, a day after markets around the world dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary stimulus. Japan's Nikkei, which had led the previous day's losses with a plunge of over 7 percent, seesawed throughout ...
China gives US regulators access to audit records
China has agreed to give U.S. regulators access to audit records for Chinese companies whose shares trade on U.S. stock exchanges, a step forward in a long-running dispute. The Public Company Accounting Oversight Board, a watchdog agency for the accounting industry, announced the agreement with China on Friday. The Securities ...
Asia stock markets edge up after big sell-off
Asian stock markets staged a mild recovery Friday, a day after being routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus. Japan's Nikkei 225 index, which plummeted more than 7 percent Thursday, bounced back a sizeable 2.8 percent to 14,892.57. South Korea's ...
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