Louisville Business News - Local Louisville News | Business First of Louisville

Louisville to balance budget through reductions in department spending, settlement from Insight

Fri, 10 Feb 2012 21:22:20 +0000

(image) Louisville-Jefferson County Metro Government plans to overcome a $12 million deficit to the current fiscal year budget largely through reductions in individual department spending and through a settlement reached with Insight Communications Inc. The city plans to realize $6.8 million in savings across departments, according to a news release. Those savings stem from restricted spending by the departments, many of which have been operating below budget. Another $3.5 million comes from a settlement reached Thursday night with Insight, whose franchise with the city expired...

Churchill Downs names vice president of partnerships

Fri, 10 Feb 2012 20:05:46 +0000

(image) Churchill Downs has named Kristin Warfield to the new position of vice president, partnerships for the racetrack. Warfield, who has served as senior director, partnership development and activation since 2009, will oversee the growing partnership program that includes new relationships with Longines, the Official Timekeeper of the Kentucky Derby; and RAM, the Official Truck of the Kentucky Derby. Before joining Churchill Downs, Warfield held posts with ASA Entertainment, the American Automobile Association, and International Speedway Corp...

Wise Women forum lineups announced for 2012

Fri, 10 Feb 2012 20:04:17 +0000

The Leadership Louisville Center’s 100 Wise Women series for 2012 has been set, and registration is now open for the first event, which will be held Thursday, March 29. The 100 Wise Women series brings successful female leaders together with emerging women leaders to share perspectives on themes presented by keynote speakers. Every event has sold out since the series began in 2007. Brigadier General Margarett E. Barnes, deputy commanding general of the U.S. Army Human Resources Command, the U...

PharMerica shares rise strong earnings report

Fri, 10 Feb 2012 19:49:59 +0000

(image) Despite a down market Friday, shares of Louisville-based PharMerica Corp. were up after the company reported strong earnings after the market closed Thursday. As Business First reported late Thursday, PharMerica’s fourth-quarter net income rose to $7.9 million, or 27 cents per share, from $4.7 million, or 16 cents per share, a year earlier. Revenue rose almost 1 percent to $495.6 million. The average estimate of analysts surveyed by Thomson Financial Network was for earnings of 21 cents per share for the quarter and revenue of about $504 million...

CFA Society to have fifth annual stock research contest

Fri, 10 Feb 2012 19:43:30 +0000

The CFA Society of Louisville, a group of chartered financial analysts and other local investment professionals, plans to host the local edition of the CFA Institute’s Global Investment Research Challenge at 6 p.m. Thursday, Feb. 23, at the Pendennis Club. The stock research contest pits teams of students from area universities against one another in preparing a fundamental analysis of a local company. The competing schools are Butler University, Indiana University at Bloomington, Indiana University Southeast, University of Kentucky, University of Louisville, Georgetown College and Western Kentucky University...

Slide show: This week in photos — Feb. 10

Fri, 10 Feb 2012 18:28:47 +0000

(image) A lot of eye-catching photos appear in Business First's weekly print edition and our special publications. These images do their fair share of storytelling. And we don't have room for all of them in print. That's why we started this weekly feature — to present a visual perspective of our reports and to broaden the scope of visual storytelling that we're able to accomplish. This week's photo feature is composed of a variety of photos, including those from our Up Close: Hospitality, with its focus on the high-dollar wedding business, as well as a series of photos taken of an upscale condo project that has serious structural damage...

U of L sports budget among nation's largest

Fri, 10 Feb 2012 17:25:45 +0000

(image) The University of Louisville and University of Kentucky have among the nation's largest sports budgets, each spending in excess of $80 million on sports during the 2010-11 school year. According to a database of athletic department financial figures for 340 Division 1 schools compiled by the Memphis Business Journal, U of L spent $83.8 million on its sports programs, and UK spent $81.8 million. The database is based on Equality in Athletics data from the U.S. Department of Education. U of L's sports budget ranked No...

Six facilities to establish Level II psychiatric care for children

Fri, 10 Feb 2012 15:12:19 +0000

Six regional providers in Kentucky will establish Level II psychiatric residential treatment facilities for children with specialized physical and psychiatric care. Kentucky facilities have offered Level I psychiatric residential treatment facilities, or PRTF, since 1991, according to a news release. But the state did not have options for more intensive services for children. In 2009, about 229 Kentucky children were served in long-term psychiatric facilities in other states, which cost Kentucky about $17 million, according to a news release...

Louisville Forum to discuss college athletics

Fri, 10 Feb 2012 14:36:44 +0000

Whether to pay college athletes has been a hot topic over the past year, with NCAA officials discussing the possibility of allowing colleges to provide additional compensation for players. Later this month, the topic will be front and center at Louisville Forum’s annual meeting, when a panel discusses the topic, “College Student Athletes: Amateur or Professional?” The panel will comprise Pat Forde, a Yahoo.com sports columnist; Dr. Daniel Fulks, a faculty athletics representative from Transylvania University; and Ramogi Huma, president of the National College Players Association...

Wingstop opens Louisville restaurant

Fri, 10 Feb 2012 14:33:30 +0000

(image) Wingstop, a Texas-based hot wing chain, has opened its first Louisville restaurant. The restaurant is located at 4812 Dixie Highway, in the Kingsford Center. According to a news release, the restaurant is part of a development agreement with longtime franchisee Eddie Williams, who also owns a location in Decatur, Ill., and was among the chain’s early franchisees outside Texas. As Business First reported in September, Williams plans to open four restaurants in the Louisville area. The chain, which has 500 restaurants nationwide, sells 10 flavors of chicken wings, sandwiches and chicken strips...

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