Tag: University of Kentucky

Yum hits 52-week high; Pizza Hut kicks off a new flick football game box; Papa John’s, Calipari in Louisiana flood-relief effort; and up to 100 students brawl at New Zealand KFC

A news summary focused on 10 big employers; updated 4:59 p.m.

YUM shares traded at a 52-week high of $90.93 today, before easing back to close moments ago at $90.76. It’s all-time record high came May 20, 2015, when it traded for $95.90 a share (Google Finance).

AMAZON said this afternoon it plans to open a distribution center in Monee, Ill., an hour south of Chicago; it didn’t provide a timetable, however (press release). In the Louisville area, Amazon employs 6,000 workers at two centers, in Jeffersonville and in Shephardsville. More about the retailer’s area operations.

Pizza Hut flick football box
The flick football box promotion ends Oct. 14.

PIZZA HUT: Starting today, and just in time for the start of football season, Pizza Hut is serving medium pizzas in a Flick Football Field box, featuring a football field printed on top, detachable goal posts, football triangles and a scorecard. Flick football is a tabletop game played with a piece of paper folded into a small triangle. Players flick the “football” across a table, scoring points based on where the football lands. Adding a social media marketing component, the Yum unit is asking customers to share videos of their flick football skills for a chance to win free pizza from the chain’s $5 Flavor Menu. The promotion runs through Oct. 14. It follows Pizza Hut U.K.’s far more novel box less than two weeks ago: a very limited edition (as in just five) cardboard box with a workable DJ mixing board (CNBC).

John Calipari

PAPA JOHN’S and University of Kentucky men’s basketball coach John Calipari are teaming up to raise money for victims of the Louisiana flooding. Yesterday, Calipari announced the pizza chain would offer a large two-topping pizza for $10, with 10% of the proceeds going to the Calipari Family Foundation, earmarked for flooding victims (Today’s U Sports). Papa John’s founder John Schnatter has supported the foundation in the past, donating $53,000 since 2012 for its programs helping children.

KFC: In New Zealand, four people were arrested today after a massive brawl involving up to 100 students from rival schools erupted at a KFC fast food outlet in South Auckland. Weapons used included knives, chairs and bits of wood, a police spokesperson told NZME, and witnesses said the students involved both boys and girls, with some appearing to be less than 16 years old (7 News via Yahoo).

Ronald Ganett

UPS: In Prattville, Ala., a UPS driver was taken to the hospital in stable condition after he was accidentally struck by a crossbow bolt fired by someone while he was driving. The driver wasn’t identified. The bolt went through his upper right arm and lodged in his right chest, according to an Autauga County Sheriff’s Office report. Investigators say 55-year-old Ronald Curtis Gantt has been charged with assault in last Thursday’s incident. Gantt told authorities he was taking part in target practice in his front yard when he shot the driver. Investigators are calling the incident an accident, but charged Gantt due to the reckless nature of his actions (Montgomery Advertiser).

Schools claim freedom to study capitalism, even as big donor Schnatter praises ‘greatest mechanism’ to pursue happiness

Ball State University is the latest school to defend another multimillion-dollar gift from one of its most famous graduates, Papa John’s founder John Schnatter, to establish an institute promoting the virtues of free enterprise.

Schnatter and Koch
Schnatter and Koch.

School administrators offered similar assurances when Schnatter and the Charles Koch Foundation gave $12 million to the University of Kentucky in December and $6.3 million to the University of Louisville in March 2015, in both cases to launch free-enterprise centers. Ball State in Muncie, Ind., is getting $3.3 million.

The contract UK signed says the institute must support a “diversity of ideas,” according to the Kentucky Center for Investigative Reporting. But it also says Continue reading “Schools claim freedom to study capitalism, even as big donor Schnatter praises ‘greatest mechanism’ to pursue happiness”

Ball State defends $3.3M from Schnatter-Koch; more Humana-Aetna op; Ford GT back at Le Mans, and Brits say KFC server in Fla. was ‘most miserable’

Latest headlines, focused on big employers; updated at 4:37 p.m.

Ford GT Le Mans
Ford’s new GT faces Ferraris and other top rivals at famous French race again. Thousands have applied to buy one of the $400,000 supercars.

PAPA JOHN’S: Ball State University deflected concerns over accepting a $3.3 million donation from Papa John’s founder John Schnatter and the Charles Koch Foundation, to promote free enterprise, saying it wouldn’t subvert academic freedom (Star-Press). The March donation is only the latest from the two men.

Schnatter and Koch
Schnatter and Koch.

They gave $12 million to the University of Kentucky in December and $6.3 million to the University of Louisville in March 2015, in both cases also to establish free-enterprise institutes. Administrators there offered similar assurances about academic independence. But a contract UK signed and Schnatter’s views on capitalism point to a possibly sharp collision of goals. Schnatter graduated from Ball State in Muncie, Ind., in 1983, and started his pizza company the following year.

GE: In Appliance Park, new owner Haier is getting a facility that’s completely rebuilt itself from years of outsourcing and offshoring,” said John Shook, CEO of the nonprofit Lean Enterprise Institute, which advised long-time GE owner in trimming management and tweaking production. “GE Appliances is a lean producer with an engaged leadership that has done an excellent job involving the union workforce to build in quality on the front lines (Benzinga). China-based Haier completed the $5.6 billion deal a week ago today; Appliance Park has about 6,000 employees making refrigerators and other home appliances.

HUMANA and planned acquirer Aetna face increased opposition to the $37 billion deal — as do merger partners Anthem and Cigna — from a new coalition of consumer and medical groups worried about the consolidations,  which would shrink the healthcare insurance market to three major insurers from five (CT Mirror). Aetna officials have said recently the deal is still on track to close in this year’s second half. About Humana.

Edsel Ford II

FORD: Unfortunately misnamed Edsel Ford II leaves tomorrow for Le Mans to watch the new Ford GT return to the legendary race against Ferraris, Porches and Aston Martins, starting Sunday. Ford, 67, a great-grandson of the company’s founder, visited the track with his father, Henry Ford II, in 1966 when he was a teen to witness the Ford GT40 place 1-2-3. “Fifty years have gone by fast,” he said. “Seems like yesterday I was there with Dad” (Detroit Free Press). The GT racing is based on the all-new $400,000 supercar unveiled in January. Le Mans history. Edsel Ford is a consultant to the company and member of its board of directors. At this year’s annual meeting, he faced the most resistance from shareholders re-electing directors, apparently over the $650,000 Ford paid him as a consultant. About Ford in Louisville.

Watch video of the 1966 race, and the new car:

KFC: Job recruiters want to talk to you if you have a “friendly attitude and positive demeanor” at an open house on Thursday (CraigsList). Elsewhere in Maryland, firefighters responded to a mulch fire early Saturday afternoon that spread to the exterior of a KFC; no injuries were reported. Why was there mulch so close? The news report is silent on that important question (Carroll County Times). More about KFC corporate parent Yum.

In top culture news, Broadway’s Hamilton won 11 Tonys last night, including best musical — just shy of the record of 12 won by The Producers. Tickets are impossible to get, as we discovered when we found one for a whopping $7,075 in a travel story last month.

In Ky. college endowments, ‘bigger is definitely not better’

The University of Louisville and other public colleges have built the biggest endowments, but are nonetheless lagging other, often smaller institutions in annual investment returns, according to a new report today by the Kentucky Center for Investigative Reporting. For its report, the center examined five years’ worth of investment returns of 11 endowments statewide.

Related: review the University of Louisville Foundation’s annual IRS tax returns on non-profit tracker GuideStar.