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Lane Links — A daily digest of business news you want to know

By Lorie Hailey
Associate Editor

The EPA has identified as least three businesses that may be responsible for cleaning up toxic waste in a Louisville neighborhood, reports the Louisville Courier-Journal.

The waste is at the former Black Leaf chemical site in the Park Hill neighborhood. Two of the businesses — Texas-based ExxonMobil and Maxus Energy Corp. —have agreed to work with the EPA to help make the property safe, the paper reports.

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Tuition and room and board is rising again at Eastern Kentucky University, reports the Richmond (Ky.) Register.

EKU students will be paying 5 percent more for both tuition and residence hall rooms after the board of regents approved the rate hikes Thursday.

Full-time students are paying $3,480 per semester for tuition this spring. In the fall, that figure will rise $180 to $3,660, the paper reports.

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United Parcel Service Inc., the world’s largest package-delivery company (with a large shipping hub in Louisville), fell the most in five months after first-quarter profit trailed analysts’ estimates amid slowing growth in overseas shipping, Bloomberg News reports.

Gains in overseas shipments at UPS, an economic bellwether because it carries goods from mobile devices to pharmaceuticals, have slowed in recent quarters amid weakening demand for Asian exports, the news agency says. Revenue per piece stagnated and the operating margin in Atlanta-based UPS’s international package division declined to 13.8 percent from 15.6 percent a year ago.

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There is bad news and good news for economically battered drivers in auto club AAA’s annual report on the cost of owning and operating a vehicle, reports USA Today.

There were sharp increases in the last year in the costs of things such as gasoline and tires. But cars retained much more of their value because Americans held on to their vehicles, increasing the value of used cars.

The cost to own and operate a sedan in the U.S. rose 1.9 percent, the news agency reported.

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