As the United States concludes its 2024 presidential election, early results indicate a fiercely contested race between Vice President Kamala Harris and former President Donald Trump. With polls closing in Georgia—a pivotal battleground state—the nation watches closely to discern emerging trends. Initial state declarations: a mixed start The Associated Press has reported that Donald Trump […]
Energy Services of America Corporation (NASDAQ: ESOA) has announced its latest expansion move with the acquisition of substantially all assets of Tribute Contracting & Consultants, LLC. The deal, structured under an Asset Purchase Agreement, amounts to $22 million in cash, with adjustments for any assumed debt and working capital, complemented by $2.0 million in Energy […]
Piramal Pharma Solutions has announced an unprecedented $80 million expansion of its sterile injectables facility in Lexington, Kentucky. The company’s aggressive move aims to address the surging global demand for sterile injectable treatments. With this new investment, Piramal Pharma Solutions, part of the Piramal Pharma Limited group, is poised to become a leading force in […]
Bank of America is embarking on an ambitious expansion of its financial center network, aiming to open over 165 new locations across 63 markets by the end of 2026. This initiative includes nearly 40 openings slated for this year, building on the impressive 100 centers opened in the last two years. Aron Levine, President of […]
A highway shooting on Kentucky’s Interstate 75 has left seven people injured, sparking a massive manhunt for the suspected gunman, Joseph A. Couch. The 32-year-old, who remains at large, is considered armed and dangerous, prompting local authorities to urge residents to stay indoors. The Laurel County Sheriff’s Office closed a stretch of I-75 and US […]
Philip Morris International Inc. (PMI) (NYSE: PM) is making a significant investment in its U.S. operations, committing $232 million to expand its Owensboro, Kentucky, manufacturing facility through its affiliate, Swedish Match. This strategic expansion is anticipated to create 450 direct jobs and spur an additional 410 indirect jobs, delivering an annual economic impact of $277 […]
In a major development for the electric vehicle (EV) sector, the U.S. Department of Energy (DOE) has announced a $50 million funding initiative aimed at enhancing the capabilities of small- and medium-sized suppliers in six states with substantial automotive workforces. This funding, part of the Biden-Harris Administration’s Investing in America agenda, is designed to help […]
Toyota has revealed a significant $1.3 billion investment in its flagship Kentucky manufacturing facility, marking a pivotal step towards the future of electrification with the introduction of an all-new, three-row battery electric SUV for the U.S. market. This investment raises the total commitment to the Kentucky plant to nearly $10 billion, emphasizing Toyota’s dedication to […]
AESC, a global leader in high-performance batteries for electric vehicles (EVs) and energy storage systems, has completed the last piece of structural steel on its 1.6 million square foot gigafactory in Bowling Green, Kentucky. This “Topping Out” ceremony, attended by Kentucky Governor Andy Beshear, marks a major step in AESC’s progress towards completing its state-of-the-art […]
Burke & Herbert Financial Services Corp. (“Burke & Herbert”) (Nasdaq: BHRB) and Summit Financial Group, Inc. (“Summit”) (Nasdaq: SMMF) have made headlines by announcing a definitive all-stock merger agreement. The merger, which values the deal at approximately $371.5 million or $25.20 per share of Summit Financial Group common stock, is set to create a bank […]
