Day: May 16, 2016

90 years ago today: hats off to Louisville’s June brides

Bridal wear

In 1926, exactly 90 years ago today, Kaufman-Straus Co. was advertising bridal gifts at its Fourth Street department store in The Courier-Journal. There were Venetian Glass Compotes ($4 to $15) and Titian Ware Tea Sets ($27.50). Plus, hats with exotic names: Milans, Bangkoks and Viscas, all starting at $10 — a sum equivalent to $135 in today’s dollars.

Kaufman-Straus’ Louisville story began in 1879 and ended, sadly, in 1971. But the flagship building is still at 427-437 South Fourth, now housing offices. The University of Louisville archives includes some wonderful period photos of the department store in its collection of two million photos, manuscripts and other documents.

Mr. Yarmuth goes to market

John Yarmuth
Yarmuth

In his most recent financial disclosure report, Rep. John Yarmuth (D-Louisville) said he’d bought stock in 23 companies, including four expected to grow faster than sleepy “widow and orphan” stocks. But they can also be more risky; high flyers can go way down, too.

The report doesn’t disclose exactly what Yarmuth paid per share, nor how much he invested, only valuing the stakes in the range of $1,000 to $15,000 each. Still, we can get a glimpse at their performance by comparing their closing price on the date of the report to Friday’s closing price.

His results were mixed: The best performer was Facebook, and the worst was Irish drugmaker Allergan. We’ve thrown in the S&P 500 index for comparison.

Yarmuth stocks

Related: Search for more congressional financial disclosure reports. And follow Boulevard’s stock portfolio of big Louisville employers.

How Amazon keeps 90,000 employees from unionizing; GE CEO lists $5.5M home for sale

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GE CEO Immelt’s $5.5 million Connecticut house.

A news summary focused on big employers; updated 4:26 p.m.

AMAZON has successfully blocked unions from organizing its 90,000 workers at giant warehouses, including in Shepherdsville and Jeffersonville, where it has a combined 6,000 employees; here’s how (New York Times). Also, the company is reportedly rolling out new lines of private-label house brands that will only be available to members of its $99-a-year Prime program; they could hit retailer’s site by the end of this month or early in June (Wall Street Journal).

KINDRED‘s business mix has changed significantly since last year’s $1.8 billion purchase of Gentiva Health Services. Now the Kindred At Home division, it was 32% of overall revenue during the 12 months ended in March, the company told analysts at the Bank of America Merrill Lynch health care conference  (Business First); .pdf of Kindred’s presentation. Kindred’s shares closed today at $12.14, little changed.

GE CEO Jeffrey Immelt has listed his 10,458 square-foot home for sale in exclusive New Canaan, Conn., for $5.5 million (Boulevard thinks that’s a steal!) (Realtor). Meanwhile, Immelt’s reportedly bought a triplex near the top-drawer Boston Public Garden that was listed for $8 million; GE’s moving its headquarters to Boston (Boston Business First).

KFC: In Ohio, a man who ordered a sandwich without pickles Saturday reportedly returned to the restaurant angry about having pickles on his order anyway, and ended up throwing a phone into a wall (Mansfield News Journal). Also, the chain has leased 300 environmentally friendly electric scooters (The Star).

PAPA JOHN’S: Still in Ohio, a 44-year-old man was issued a summons for disorderly conduct after he yelled and cursed at employees during an argument about the number of toppings on his pizza (Mansfield News Journal, too). As if living in glamorous Miami Beach wasn’t enough, a landlord is advertising an apartment with an extra amenity: a Papa John’s is right next door (Craigslist).

FORD: With the month of June about two weeks away, it looks like the end of the road has come for the 2016 Ford Bronco rumors (Master Herald).

TEXAS ROADHOUSE is planning a new restaurant in Plymouth, Mass (Plymouth).

In other news,  U.S. stocks were soaring at mid-afternoon, with the S&P 500 index up 1% at 2,069, and the Dow Jones Industrial Average 1.2% higher at 17,737 (Google Finance). Nearly all stocks in Boulevard’s portfolio of big local employers were higher as well.

Ocean's 13Finally, Louisville native and Oscar winner Jennifer Lawrence may star opposite Sandra Bullock in an all-female remake of the “Ocean’s 11” franchise; the last sequel was “Ocean’s 13.” (Tracking Board).