Financial
Bourbon tourism reaches new heights in Kentucky PDF  | Print |  E-mail
Written by Associated Press   
Friday, 24 January 2014 07:45

FRANKFORT, Ky. (AP) — Bourbon tourism reached new heights last year in Kentucky as more people flocked to distilleries.

Officials say a record 571,701 people visited the Kentucky Bourbon Trail tour last year. Another 61,698 people traveled to the Kentucky Bourbon Trail Craft Tour in its first full year of existence.

Kentucky Bourbon Trail Director Adam Johnson said Thursday that officials are thrilled to see double-digit growth in visits to heritage distilleries. He says the fledgling craft tour got off to a strong start.

Visitors came from all 50 states and 50 countries and territories.

The attendance record for heritage distilleries includes figures from Heaven Hill's Evan Williams Bourbon Experience, which opened last fall in Louisville.

The Kentucky Bourbon Trail tour was created in 1999 by the Kentucky Distillers' Association.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Backers: Report on rail risks boosts Keystone XL PDF  | Print |  E-mail
Written by MATTHEW DALY, Associated Press   
Friday, 24 January 2014 07:37

WASHINGTON (AP) — A government warning about the dangers of increased use of trains to transport crude oil is giving a boost to supporters of the long-delayed Keystone XL pipeline.

U.S. and Canadian accident investigators urged their governments Thursday to impose new safety rules on so-called oil trains, warning that a "major loss of life" could result from an accident involving the increasing use of trains to transport large amounts of crude oil.

Pipeline supporters said the unusual joint warning by the U.S. National Transportation Safety Board and the Transportation Safety Board of Canada highlights the need for Keystone XL, which would carry oil derived from tar sands in western Canada to refineries on the U.S. Gulf Coast. Oil started flowing Wednesday through a southern leg of the pipeline from Oklahoma to the Houston region.

Sen. John Hoeven, R-N.D., said the yearslong review of Keystone has forced oil companies to look for alternatives to transport oil from the booming Bakken region of North Dakota and Montana to refineries in the U.S. and Canada. A planned spur connecting Keystone to the Bakken region would carry as much as 100,000 barrels of oil a day.

Read more...
 
Fannie would get about $537M in deal with Lehman PDF  | Print |  E-mail
Written by Associated Press   
Friday, 24 January 2014 07:41

WASHINGTON (AP) — Lehman Brothers Holdings Inc. has reached a settlement with Fannie Mae that would allow the mortgage finance giant to recover about $537 million for its claim against the estate of the failed Wall Street bank over soured mortgage securities.

The settlement announced Thursday must be approved by a federal bankruptcy judge. It valued Fannie's claim over home loans and mortgage securities it bought from Lehman before the financial crisis at about $2.15 billion. But under Lehman's bankruptcy proceeding Fannie would get about 25 percent of that.

A Fannie official called it a fair outcome.

Fannie and sibling Freddie Mac were rescued by the government in a $187 billion bailout after they were hit by massive losses on high-risk mortgages.

Lehman's bankruptcy was the biggest in U.S. history.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Neiman Marcus: 1.1M cards may be compromised PDF  | Print |  E-mail
Written by The Associated Press   
Thursday, 23 January 2014 13:52

Neiman Marcus says 1.1 million debit and credit cards used at its stores may have been compromised in a security breach last year.

The high-end retailer said Visa, MasterCard and Discover have found 2,400 Neiman Marcus and Last Call customer cards that were used fraudulently. Last Call is Neiman Marcus' clearance chain. Neiman Marcus says it is notifying all customers who shopped in its stores in 2013 and offering them a free year of credit monitoring and identity-theft protection.

Malicious software installed in Neiman Marcus' system attempted to take customer card information from July 16 to Oct. 30, the company said. The malicious software has been disabled.

Neiman Marcus Group Ltd. reiterated in a post on its website Wednesday night that social security numbers and birth dates were not stolen and customers who shopped online were not affected. Customers that use its private Neiman Marcus credit cards were also not affected. The Dallas-based company said the investigation is ongoing.

Read more...
 
<< Start < Prev 151 152 153 154 155 156 157 158 159 160 Next > End >>

Page 155 of 231