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Burned Jim Beam warehouse was insured

LOUISVILLE, Ky. (AP) — A Jim Beam storage warehouse that burned down, destroying 45,000 barrels of aging whiskey, was equipped with sprinklers and was insured, the company says. Meanwhile, the famed distiller is still assessing the loss of the bourbon. Remnants of the fire that erupted late Tuesday at the central Kentucky warehouse continued to burn Friday. Officials want to let as much alcohol as possible burn to reduce the flow of bourbon-filled runoff into nearby waterways. “The fire now is very small,” Woodford County Emergency Management Director Drew Chandler said in a ...

US stocks cap milestone-setting week with modest losses

Bond yields rose and stocks mostly bounced back from an early slide to finish with modest losses Friday, a downbeat end on Wall Street to an otherwise milestone-setting week for the broader market. The small decline snapped a six-day winning streak for the S&P 500, though the benchmark index still notched a weekly gain. The S&P 500 set three straight all-time highs earlier in the week, extending the market’s solid gains in June into July. The S&P is up 19.3% so far this year. The major indexes headed lower from the get-go Friday, a tumble that briefly knocked 230 points off the Dow ...

Trump promises order aimed at lower prescription drug prices

WASHINGTON (AP) — President Donald Trump is promising an executive order that he says is intended to enable the U.S. government to pay lower prices for prescription drugs. Trump says his administration soon would announce a “favored-nations clause,” where the amount paid by the government for a particular drug would not exceed the lowest amount paid by other nations or companies. Prices in other countries are often lower because governments directly negotiate with manufacturers. Trump mentioned his proposal when speaking with reporters before departing the White House for New ...

US adds 224,000 jobs, making Fed rate cut less certain

WASHINGTON (AP) — U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy’s durability after more than a decade of expansion. The strength of the jobs report the government issued Friday could complicate a decision for the Federal Reserve late this month on whether to cut interest rates to help support the economy. Most investors have anticipated a rate cut in July and perhaps one or two additional Fed cuts later in the year. That scenario may be less likely now. Stocks sold off early Friday before paring their losses ...

Business Briefs for July 1

Bjorlie hired at Avera Marshall Big Stone Therapies Jessica Bjorlie has been hired at Avera Marshall Big Stone Therapies as a clinician. She has a bachelor of science degree in athletic training from the University of North Dakota. She is married to Dan Bjorlie and lives in Benson. Bursch Travel named as 2019 Top 150 Workplace Bursch Travel has been named one of the Top 150 Workplaces in Minnesota by the Star Tribune. A complete list of those selected is available at StarTribune.com/topworkplaces2019. Produced by the same team that compiles the 28-year-old Star Tribune 100 report ...

New business on the block

MARSHALL — Sarah Kesteloot’s goal to have her own retail business ties in perfectly with the expansion of business activity on North Third Street in downtown Marshall. Kesteloot opened Rustic Hideaway Boutique June 1 as the latest of several successful neighboring business startups in ...