Lehman Brothers Holdings Inc., which in 2008 filed for the biggest bankruptcy in U.S. history and whose collapse roiled world markets, says it has exited bankruptcy and will make its first payment to creditors on April 17.
Nearly four years ago, the bank collapsed in the biggest bankruptcy in U.S. history — a record $639 billion. That set off a chain reaction and sent the economy spiraling. Lehman Bros. says now, it will continue to liquidate its holdings, and will start paying back creditors next month.
A bill creating a new scholarship fund from coal severance tax monies has cleared a House committee this morning. The scholarships have evolved from an original proposal that would have added the University of Pikeville into the state university system.
A proposal that limits the amount of pseudoephedrine consumers can buy in a month could make it out the state House of Representatives intact. The Senate passed a bill last week that would limit consumers to seven point two grams of pseudoephedrine every month, or roughly two boxes of cold medicine.
I'm Michel Martin and this is TELL ME MORE from NPR News. We are going to spend some time today talking about two issues in the news that are on a lot of people's minds, and they both touch on violence. Later in our parenting segment, we are going to talk about what we really know about why young people turn to deadly violence. We're thinking about this, of course, after that school shooting in Ohio that left three students dead.
A bill creating a new scholarship fund from coal severance tax monies has cleared a House committee Tuesday morning. The scholarships have evolved from an original proposal that would have added the University of Pikeville into the state university system. But the UPIKE proposal didn’t have the votes to pass, so lawmakers settled on a compromise.
Claims for damage from Friday's round of deadly tornadoes and hailstorms are pouring into Kentucky insurance agents by the thousands. By mid-afternoon Monday, Kentucky Farm Bureau, one of the state's largest property insurers, had received more than 9,000 claims, said Greg Kosse, a spokesman for Kentucky Farm Bureau Insurance. "We anticipate those numbers are going to go up significantly," Kosse said.
Dan Bryan wanted to open a wine bar but the cost shocked him. Just to get a liquor license could cost more than $25,000. That’s why Bryan and local leaders support a bill introduced by State Rep. Dennis Keene, D-Wilder, that would create a separate liquor license to sell wine by the drink and by the package in wine bars. Winemakers hope this will lead to more bars devoted to wine, particularly Kentucky wine. The state’s wine industry has grown in the past 15 years from four wineries to 65 across the state.