Category: Latest Headlines

Ford U.S. year-to-date sales jump 5%, best in a decade

Good news out today for the automaker’s Louisville factories, which employ nearly 10,000 workers.

Ford said total U.S. sales grew 5% during the year’s first six months, with 1,353,048 vehicles sold — its best first-half performance since 2006. June sales were up 6%, with 240,109 vehicles sold, the automaker said in a press release this morning.

Ford logoTruck sales were the standout. The company sold 531,500 pickups and vans, a 13% gain vs. a year ago. Truck sales were up 24% last month, driven by strong F-Series sales of 70,937 vehicles: a 29% increase from a year ago, and their best June sales in more than a decade.

Ford’s stock, battered over the past week in the Brexit-fallout, rose 1.6% in mid-afternoon trading to $12.76 a share, on a day when U.S. stocks overall were marginally higher. Even so, Ford is down 4.7% from pre-Brexit levels.

The Kentucky Truck Factory employs about 5,100 workers, producing F-250 and F-550 Super Duty pickups, plus Expeditions, and Lincoln Navigators. The Auto Assembly Factory employs 4,700 producing  Escapes and Lincoln MKCs. More about Ford’s Louisville operations.

Not yummy: KFC won’t be hiring another Colonel Sanders actor to promote these foul parts

Another day, another animal part mistakenly cooked into a KFC meal. In the latest reported case, this morning, an Australian woman in Brisbane says she bit into something that “looked like a brain,” possibly deep-fried into some chicken at a southeast Queensland restaurant, according to the local Courier-Mail.

Yum“I called up the store because we’d already had issues with other parts of the meal,” said the woman, who didn’t want to be identified by the newspaper. “The potato and gravy smelt like a cigarette tray and tasted like cigarettes.”

A KFC spokeswoman said the fast-food chain was sorry for the woman’s experience, according to the paper, but assured it was not a health issue: “Our chicken is hand-prepared and cooked fresh, but occasionally mistakes happen and organs are not removed when they should have been.”

This isn’t the first time a KFC customer has claimed a brain or other body part in a meal, and produced what they said were photos as evidence. That’s hardly surprising for a company as far-flung as the Louisville-based Yum Brands division, which has nearly 15,000 restaurants in more than 125 countries. If each one served only 500 meals daily — a very conservative figure — that would be 7.5 million a day, and 2.7 billion a year.

What’s more, several of the news accounts come from British and Australian newspapers, which are famous for sensationalized reporting. Still, like rubbernecking past an especially gruesome roadside wreck, we can’t help gawking at:

Well, you get the picture. Except, wait: maybe you don’t. The news story photos are too disgusting for Boulevard to publish here, so we’ll link to the most recent one in Australia, which we’ll term NSFW — or home.

KFC bucket of chickenIn many of the stories, KFC officials have offered the same explanation as the one in today’s story out of Australia: food is hand-prepared and mistakes happen.

To be sure, there have been false reports of foul parts that were later debunked, including one about an entire rat last month in Los Angeles. “A third-party independent lab tested the suspicious meal,” the Los Angeles Times said last Wednesday, “and determined it was undoubtedly a piece of hand-breaded chicken–an assertion KFC stood firm on.”

Related: KFC just hired its latest Colonel Harland Sanders impersonator — alarmingly tanned actor George Hamilton, to sell its extra-crispy chicken.

Louisville stocks inch back to pre-Brexit levels, and some even advance

Brown-Forman, GE, and Haier clawed back losses sustained in the days after Britain’s unexpected vote to quit the European Union a week ago today — and then some, based on today’s closing prices. All three are now above pre-Brexit levels.

Post-Brexit stock prices

But the other big employers in Boulevard’s Stock Portfolio are still in the red, with Ford the deepest: the automaker, which employs nearly 10,000 in the Louisville area, is still down 6% from its closing price June 23, when Brits went to the polls, but before results were known to Wall Street.

Amid Cobb’s inflammatory Tweets, did Gov. Bevin fully vet his new UofL trustee?

That’s Courier-Journal columnist Tim Sullivan’s excellent question this afternoon about businessman Douglas Cobb, who tweeted that climate change was a hoax; evolution was for patsies; “gay Christian” was an oxymoron, plus other controversial views — before abruptly deleting his account last night.

Douglas Cobb
Cobb

Cobb, a venture capitalist and former CEO of Greater Louisville Inc.’s predecessor organization, was one of a slew of high-profile business men and women Gov. Matt Bevin added yesterday to his dramatically redrawn University of Louisville board of trustees. Since Bevin was trying to introduce adult supervision to the board, he’s now in a major jam: Does he stick by Cobb, or press him to step aside so — as the boilerplate language goes — he doesn’t become a “distraction”?

Yesterday afternoon, Cobb initially defended his Tweets, telling WDRB he wouldn’t back down. But by evening, he’d zapped his account — sparking a continuing storm of Twittercism:

July 12! Amazon sets second 24-hour Prime Day; two Conn. groups push against Humana-Aetna; and the Internet gorges on story about ‘world’s angriest’ Taco Bell customer

A news summary, focused on 10 big employers; updated 10:04 a.m.

AMAZON said this year’s 24-hour Prime Day sale would include more than 100,000 specially discounted items. U.S. members can shop starting at 3 a.m. ET/midnight PT, with new deals as often as every five minutes (press release). Last year, in addition to a 266% increase in orders vs. the same day in 2014, Prime Day also spurred more people than ever to try the $99-a-year Prime service. It also drove more sales than any of the retailer’s previous events — even beating Amazon’s 2014 Black Friday (The Verge). Apparently responding to complaints last year that some items sold out too quickly, Amazon said this year it would “dramatically” boost inventory and make it easier to search for deals by sorting through categories (Cnet).

Amazon employs 6,000 workers in the Louisville area at mammoth distribution centers in Jeffersonville, and in Bullitt County’s Shepherdsville. Plus, another big Prime Day is good news for the retailer’s shipper, UPS; with 22,000 workers at its Louisville International Airport hub, it’s the city’s single-biggest private employer.

HUMANA: Two Connecticut activist groups and the state’s medical society have criticized regulatory reviews of the proposed $37 billion Humana-Aetna merger in a letter this week to the U.S. Justice Department; they’re asking the trust-busters “to protect people from the harm these mergers will cause.” Aetna is based in Hartford. The groups, which also criticized a similar planned merger between Anthem and Connecticut-based Cigna, were joined by 40 other state doctors’ associations and health-care charities nationwide (Hartford Courant). Humana employs 12,500 workers at its downtown Louisville headquarters and other sites across the city.

UPS and the 2,500-member Independent Pilots Association  today announced a tentative agreement on a new five-year labor contract, including improvements across all sections. Specific details of the agreement will not be disclosed before the IPA presents the proposed contract to all UPS pilots (press release).

Also, a looming pilot shortage will soar to 15,000 by 2026, according to a study by the University of North Dakota’s Aviation Department, as more captains reach mandatory retirement age of 65, and fewer young people choose aviation as a profession. “And that’s in an industry,” says the Dallas Morning News, “where captains on the biggest international jets average more than $200,000 a year — with some pushing $300,000” (Morning News).

FORD‘s decision to bypass an employee for a position based on his use of opioids was not enough to prove his disability discrimination claim, the U.S. Sixth Circuit Court of Appeals has found (National Law Review). The automaker employs nearly 10,000 workers at its auto and truck factories in Louisville.

PIZZA HUT: In New Orleans, police arrested a man and woman early yesterday who allegedly carjacked a Pizza Hunt deliverer’s car at gunpoint Tuesday night, then led cops on a car chase before they were apprehended. The driver told officers he was making a delivery about 11:30 p.m. when a woman who said she placed the order — Simonne Walker, 19 — approached him. But instead of paying him, the woman’s companion — Kenneth Rainer, 20 — walked up, put a gun to the driver’s back, and demanded cash and his car keys. Walker and Rainer then got into the car and sped off, the cops say (Times-Picayune).

ChambordBROWN-FORMAN is promoting its Chambord black raspberry liqueur through a “Just Add Chambord” Royale cocktails campaign starting tomorrow. The campaign targeting hotel bars and lounges runs through Sept. 30. The Louisville spirits giant will supply participating establishments with Chambord-branded flute glasses, recipe and tent cards. Nidal Ramini, marketing chief for Bacardi Brown-Forman brands said (in a very odd quote): “We are confident the new platform will inspire the on-trade in particular, to transform and elevate serves, whilst helping them understand how Chambord can be the perfect way to elevate a simple glass of bubbles, and ultimately increase profit” (Harpers). Here’s the Royale recipe.

PAPA JOHN’S fired an employee at Continue reading “July 12! Amazon sets second 24-hour Prime Day; two Conn. groups push against Humana-Aetna; and the Internet gorges on story about ‘world’s angriest’ Taco Bell customer”

Bevin appoints Brown-Forman, Glenview Trust, other big-money heavy-hitters to new UofL board; Schnatter and Frazier raise profiles

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

Matt Bevin
Bevin

Tightening his grip on the University of Louisville, Gov. Matt Bevin today added 10 more members to his reconfigured board of trustees, appointing a slew of business heavy hitters, including at least one with long family ties to the board.

Among them: Papa John’s founder and CEO John Schnatter; Glenview Trust Co. founder and chairman David Grissom, who’s also a retired Humana executive; and Brown-Forman heiress Sandra Frazier.

Schnatter is a major UofL booster, donating millions for naming rights to Papa John’s Cardinal Stadium. He and conservative industrialist Charles Koch donated $6.3 million to the school in March 2015 to establish an on-campus center to study the virtues of free enterprise; responding to criticism, the university said the money wouldn’t curtail academic freedom.

Sandra Frazier
Frazier

Frazier, who is now cycling off the Brown-Forman board of directors, also is a director of Glenview Trust, a boutique investment firm that serves more than 500 of the area’s wealthiest families. Her late father, Harry Frazier, is a former UofL vice chairman, and her uncle, the late Owsley Brown Frazier, was once chairman.

Two other Bevin appointees are private equity and venture capitalists, according to The Courier-Journal: Dale Boden, now a partner with Weller Equity; and Douglas Cobb, who co-founded Chrysalis Ventures with David A. Jones Jr., a Humana director. Jones’ father, David Sr., co-founded Humana and is also a Glenview Trust director. The 10-member Glenview board comprises some of Louisville’s  biggest power brokers.

Here’s Bevin’s order, with the full list of appointees and their terms.

Bevin’s announcement today follows his surprise June 17 dismissal of the previous 20-seat board, which he called “dysfunctional” in its oversight of the university and President James Ramsey. He replaced them with an interim three-member board, which he filled out with today’s appointments. The school has been roiled with controversy over Ramsey’s seven-figure compensation; a sex scandal involving the marquee men’s basketball program, plus other administrative missteps. Ramsey offered to resign when Bevin dissolved the board, but a final decision on his future was deferred to the next board.

In other news: Continue reading “Bevin appoints Brown-Forman, Glenview Trust, other big-money heavy-hitters to new UofL board; Schnatter and Frazier raise profiles”