Bluegrass Biz Report





Business News
Medicare hospital fund to last 4 years longer
The government says Medicare's finances have improved. The program's hospital trust fund won't be exhausted until 2030 — four years later than last year's estimate.
UN condemns terrorist oil sales from Iraq, Syria
The U.N. Security Council is strongly condemning any sale of oil from Syria or Iraq by terrorist groups and is reminding all countries that buying this illegally obtained oil violates U.N. sanctions.
Contracts to buy US homes slip in June
Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer.
Lloyds admits to rigging interest rates
Lloyds Banking Group says it will pay $400 million to U.S. and British authorities to settle allegations it manipulated benchmark interest rates.
Argentina resumes negotiations to avert default
Argentina's government is resuming negotiations in a dispute with US. creditors that risks sending the country into default this week.
US stocks open mixed on Wall Street
The stock market is opening mixed at the start of a busy week as a batch of merger announcements lift shares in Family Dollar and other companies.
Bumper crop of Ohio corn drives down prices
Ohio's bumper crop of corn this year means lower prices for shoppers.
Zillow buying Trulia in $3.5 billion stock deal
Real estate website operator Zillow is buying competitor Trulia in a $3.5 billion all-stock deal.
US meat supplier in China withdraws products
OSI Group, an Aurora, Illinois-based company at the center of a food scandal in China, said that it was pulling all of the products produced by its Shanghai Husi unit from the marketplace.
Iowa town bracing for closure of Tyson Foods plant
One small northwest Iowa is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes and business owners are worrying about what it will mean.
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