Day: June 27, 2016

Count ’em! 312 days, 9 hours, and 49 minutes…

. . . until the 143rd Kentucky Derby, of course! That’s according to our exclusive 2017 Derby Countdown Clock™. Until then, let’s swoon over singer Ray J. and fashion designer Princess Love from their appearance at this year’s first Saturday in May.
Embed from Getty Images

Ford debuts 2017 GT ‘Heritage’ echoing 1966 Le Mans winner

Ford GT 66 Heritage
A limited number of GTs with the special livery will be available this year alone.

The all-new 2017 Ford GT will be available in a limited-edition Heritage theme commemorating the GT40 Mark II driven to victory by Bruce McLaren and Chris Amon at the French Le Mans race 50 years ago, the automaker said today. The car has a shadow black exterior in either gloss or matte finish with silver stripes and exposed carbon fiber package.

Limited quantities will be available for the 2017 model year only, the company said. It didn’t disclose its suggested retail price, however

Here’s a list of Ford dealers in Louisville.

New Ky. campaign finance data show Clinton’s raised 16 times what Trump’s received

Although Donald Trump has a virtual lock on the GOP nomination for president, he’s at the back of the pack in campaign contributions from Kentuckians.

Trump and Clinton
Trump and Clinton.

Newly released Federal Election Commission figures through May 31 show the New York billionaire has taken in just $43,861 in the 2015-2016 campaign cycle. The Democrats’ likely nominee, former Secretary of State Hillary Clinton, has raked in 16 times as much: $709,377.

Viewed another way, of the 10 White House candidates who’ve raised the most money in the commonwealth, Trump has only received 3% of the GOP donations from Kentuckians. Clinton has gotten considerably more: 54% of Democrats’ total contributions:

Final campaign finance graphic

Still, the Republican Party of Kentucky — led by Brown-Forman executive J. MacCauley Brown — says it isn’t worried about Trump’s weak fundraising. Spokesman Tres Watson told WFPL: “The RPK and Republican National Committee continue to raise significant funds and will have more than enough financial resources to win races up and down the ballot this fall.”

Nationwide, Clinton also has a huge fundraising advantage. She’s received $229.3 million vs. $63.1 million for Trump. That’s burdened him with the worst financial and organizational disadvantage of any major party nominee in recent history, according to The New York Times.

Trump began June with just $1.3 million in cash in the bank vs. more than $42 million for Clinton.

Sen. Rand Paul, the Republican now defending Continue reading “New Ky. campaign finance data show Clinton’s raised 16 times what Trump’s received”

Louisville companies slammed again in Brexit fallout; Kindred falls 7% more, as Dow Jones plunges another 261 points

A news summary, focused on 10 big employers; updated 4:42 p.m.

Kindred headquarters
Kindred’s headquarters at 4th and Broadway; its shares got hit today.

The 10 big louisville employers tracked by Boulevard took it on the chin again, tumbling for a second consecutive day in the aftermath of Britain’s surprise vote to leave the European Union. Only one — Qingdao Haier, new owner of GE Appliances — gained ground, as major stock market indices fell hard. The Dow Jones Industrial Average closed at 17,140, down 1.5%; the broader S&P 500 index ended the day at 2001, off 1.8%, and the Nasdaq slipped below 4,600, or 2.4%.

Some of the losses didn’t make sense. Hospital and nursing home giant Kindred, with no discernible exposure to overseas turmoil, dove another 7%, to $10.49 a share — even steeper than its 3.9% drop on Friday. Volume was light: 767,818 shares vs. the average 837,761, suggesting little conviction among pessimistic investors; 1.1 million shares traded Friday. Still, Kindred was easily the worst performer of the 10 today:

June 27 stocks

Papa John’s, on the other hand, fell just 1%, to $65.82, after also declining 1% Friday. That’s despite the fact its biggest foreign market is the U.K., where it has 384 company-owned and franchised stores — 26% of all 1,505 outside the U.S., according to its annual report. In total, Papa John’s had 4,893 stores at the end of last year. The company’s top 10 foreign markets . . .

Top 10 Papa John's market outside U.S

. . . and the full list of all 37 overseas.

Today’s action came after Friday, the first day Wall Street could react to Brexit. The Dow plunged 3.4% to close at 17,400; the S&P fell 3.6% to 2,037, and the Nasdaq fell the most, 4.1% to 4,708. Here’s the latest news about Brexit, finance, and business.

In non-Brexit news, Papa John’s will donate 250 pizzas a day through Thursday to victims of recent devastating floods in the Elkview and Clendenin areas of West Virginia (WSAZ). At least 25 people are dead and several more missing after the disaster caused by heavy rains Thursday. Latest flood news.

Meanwhile, visits to fast-food restaurants — which had been growing at a quarterly clip of 2% since September 2015 — stalled in March, April and May, according to as-yet-unpublished data from market research firm NPD Group (The Wall Street Journal).