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Ceradyne lands $2.37 billion military contract

Herald-Leader Staff Report

Ceradyne Inc., which makes body armor in Lexington and California, has landed its biggest military contract ever.

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Barrel of oil down to $88

By Stevenson Jacobs

Associated Press

NEW YORK — Oil prices plunged below $90 a barrel Monday, coming within reach of year-ago levels as a widening financial maelstrom spreads overseas and crimps global demand for energy.
Fed move boosts European stocks

By PAN PYLAS

AP Business Writer

World stock markets on Tuesday recovered some of their hefty losses from the previous day, helped by a steady opening on Wall Street after the U.S. Federal Reserve announced that it would buy massive amounts of short-term debts in an attempt to ease tight credit markets.
Eli Lilly gets ImClone for $6 billion

Associated Press

INDIANAPOLIS — Eli Lilly & Co.'s winning bid of more than $6 billion for cancer drug maker ImClone Systems means a billion-dollar payday for former rival bidder Bristol-Myers, and vindication for corporate raider and ImClone Chairman Carl Icahn.
Ford to let parents limit speed

By Tom Kirsher

Associated Press

DETROIT — So you think junior is a little too lead-footed when he drives the family car? Starting next year, Ford Motor Co. will give you the power to do something about it.
Jobs posting brings deluge of seekers Ky.

The Associated Press

Technology consultant ACS said response to its posting of 200 jobs in Kentucky was far more than the Dallas-based company expected.
Dow finishes below 10,000 for first time since '04

By JOE BEL BRUNO and TIM PARADIS

AP Business Writers

Wall Street joined in a worldwide cascade of despair Monday over the financial crisis, driving the Dow Jones industrials to their biggest loss ever during a trading day. Even a big afternoon rally failed to keep the Dow from its first close below 10,000 since 2004.
Inventors to show their stuff at library

By Jim Warren

jwarren@herald-leader.com

Lexington's Connie Ritchey has the experience of a registered nurse and the spirit of an inventor.
fund tips

Don't jump headlong into 'safe' bonds

By Tim Paradis

Associated Press

NEW YORK — Investors who are getting beaten up in the stock market often look to bonds as a safe place to stash their money. But they need to make their moves deliberately, not out of panic, or they can end up losing money rather than stabilizing a portfolio.
Buzz

Downloads can get you in the mood for 2010 Games

Jim Jordan

Herald-leader business writer,

If you can't wait for the Alltech FEI World Equestrian Games to begin in two years, the organizers at the World Games 2010 Foundation have a couple of free toys for you.
Ky liquor retailer resumes local wine purchases

The Associated Press

A large liquor retailer in Kentucky will resume purchases from some wineries in the state after people complained and a union threatened a boycott.
Wachovia sale might hit a snag

Associated Press

NEW YORK — A battle broke out for control of Wachovia Friday as Wells Fargo signed a $15.1 billion agreement to buy the Charlotte, N.C.-based bank, while Citigroup and the federal regulators backing its earlier deal insisted that Citi's takeover bid go forward.
Wells Fargo agrees to buy Wachovia; Citi objects

By SARA LEPRO

AP Business Writer

A battle broke out Friday for control of Wachovia, as Wells Fargo agreed to pay $14.8 billion for the struggling bank, while Citigroup and federal regulators insisted that Citi's earlier and lower-priced takeover offer go forward.
House extends jobless benefits

Associated Press

WASHINGTON — The House voted Friday to extend unemployment benefits to those who have exhausted their current benefits. The vote came hours after news that the nation's payrolls were continuing to shrink and after the House had approved a massive financial rescue plan for Wall Street.
Zero-percent loans on 11 models unusual for Toyota

Associated Press

NEW YORK — Toyota Motor Corp.'s unprecedented offer of zero-percent financing on nearly a dozen models is trying to make the point that tight credit is no excuse for buyers — in fact, the company is literally giving credit away.
Standardbred sale off to a hot start

By Janet Patton

jpatton1@herald-leader.com

The Lexington Selected Yearling Sale of Standardbreds opened Wednesday night with a bang.
US stocks head for higher open ahead of House vote

By TIM PARADIS

AP Business Writer

Stocks headed for a moderately higher open while credit markets remained strained Friday ahead of an expected House vote on the government's $700 billion financial rescue plan and a key reading on employment.
SEC sues Lexington-based firm Plasticon International

Herald-Leader Staff Report

The U.S. Securities and Exchange Commission this week filed a civil injuction suit against James N. Turek and Lexington-based Plasticon International, Inc., alleging they defrauded investors.
East Ky. Power conservation program approved

The state Public Service Commission on Thursday approved a proposal by East Kentucky Power Cooperative for an energy conservation program.
Insight to add more HD channels

Lexington cable provider Insight Communications plans to offer 56 channels in high-definition by early December.