The Tennessee Valley Authority will look for ways to reduce its expenses in the months ahead, and some positions will be cut. TVA officials announced today that the power supplier brought in about eleven percent less revenue during the first six months of its financial year, compared to the first six months of the previous financial year. An unusually warm winter, which reduced power sales, was cited as a major contributing factor.
CafePress Incorporated will move its Global Headquarters to Louisville,in a move that will create nearly six hundred jobs in Jefferson County. The company already has a 140 thousand square foot fulfillment center in the area. That operation will be expanded by another 185 thousand square feet, at an investment of more than sixteen million dollars.
A decision is expected within six weeks over whether Instant Racing is legal in Kentucky. The state’s Court of Appeals heard arguments in the case Wednesday. Instant Racing is a slots-like game that Kentucky racetracks hope to use to boost race purses. But the Family Foundation of Kentucky says the game isn’t pari-mutuel betting like horse racing, but instead is closer to a slot machine.