By Lorie Hailey
Associate Editor
Dippin’ Dots, the frozen treat invented in Kentucky, could be rescued from bankruptcy with a request in court this week, reports the Associated Press.
A group of Oklahoma investors who formed Dippin’ Dots LLC will ask a U.S. Bankruptcy Court in Louisville on Wednesday for permission to take over the assets of Dippin’ Dots Inc., which filed for bankruptcy late last year.
The new company is backed by private-equity firms, and the president has a fondness for the treat. Scott Fischer says he remembers the first time he tasted Dippin’Dots.
“As a kid who visited Six Flags Over Texas and Sea World, I had never tasted anything quite like Dippin’ Dots, and it had me hooked from the first bite,” Fischer said.
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Sales of Northern Kentucky and Cincinnati-area homes may finally be picking up after the worst housing downturn in decades, reports the Cincinnati Enquirer.
Data exclusive to the newspaper show an uptick in sales last year in about half of the 96 most active neighborhoods in Greater Cincinnati and Northern Kentucky.
Forty-five of those neighborhoods, where at least 50 homes were sold last year, had more sales in 2011 than in 2010. Sales dropped in 42 neighborhoods and held even in nine.
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An Ashland businessman hopes to breathe new life into a few of the city’s downtown historic structures, reports the Daily Independent.
Perry Madden says he is concerned about downtown Ashland and wants “to build it back,” but he knows it will be a difficult and expensive task.
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Louisville company Humana reported diluted earnings per share in the first quarter at $1.49, compared to $1.86 per share in the first quarter of 2011.
The company raised EPS expecations for the year ending December 31, 2012 (FY12) to a range of $7.55 to $7.75 versus its previous estimate of $7.50 to $7.70.
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Demand for the Jeep Grand Cherokee is so strong, according to the Chrysler Group’s CEO, the factory is skipping the usual two-week summer shutdown, and will add the previously announced 1,100 new jobs in November instead of waiting for next year, reports USA Today.
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Concerned about Wal-Mart’s reported cover-up of bribery in its Mexico operations, leaders of New York City’s pension funds said Monday they would vote their 4.7 million company shares against five directors standing for re-election to the retailer’s board at its annual shareholder meeting next month, reports the New York Times.
It was unclear whether other investors would join the city pension funds and vote against Wal-Mart’s directors.
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