Yahoo Finance Our Red Lobster not on closing list
Looks like our Red Lobster is safe — at least for now.
This week, the seafood chain which analysts expect to file for bankruptcy protection soon, announced that it was closing nearly 100 of its nearly 700 locations in 27 states.
But none of restaurants closing were in Kentucky or southern Indiana.
• The new Louisville-based Oxmoor Bourbon says it is sourced out of undisclosed distilleries in Frankfort and Owensboro.
And since there is only one distillery in Owensboro, I guess we know which one it is.
• Michael Plemmons announced this week that he is applying for a liquor and malt beverage license for Tavern 144 at 3926 Kentucky 144.
• The state is still bringing in plenty of money.
An announcement this week said that the general fund increased 2% in April and is up 3.6% for the year.
The road fund was up 9.9% in April and is up 7.6% for the year.
Budget Director John Hicks said, “General Fund collections in April were the second-highest month in state history, surpassed only by April 2022.”
• The Consumer Financial Protection Bureau is distributing $384 million to more than 191,000 consumers nationwide who were harmed by online lender Think Finance.
That includes more than $24.7 million in compensation for 9,937 Kentuckians.
• The Council on Postsecondary Education says more students are completing an undergraduate degree or credential debt free.
Based on the analysis, the percentage with debt on graduation day dropped from 58.1% in 2017-18 to 43.2% in 2022-23.
Among those who graduated with debt, the average loan balances fell from $29,224 to $26,414.
At KCTCS institutions, average loan balances among students graduating with debt fell from $15,057 to $13,644.
And at public universities, the average loan balance dropped from $34,833 to $33,317.
• Pizza Hut is adding hamburgers.
A report this week said the chain introduced the Cheeseburger Melt to menus nationwide on Tuesday.
The Cheeseburger Melt is a parmesan-crusted thin crust that’s folded and filled with beef, applewood-smoked bacon, onions, mozzarella and cheddar, served with the brand’s Burger Sauce on the side.
