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Insider Louisville: Closing bell for Feb. 5

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insider louisville
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Insider Louisville: Closing bell for Feb. 5
Welcome to The Closing Bell. This is your last stop for biz scoops and big news before the weekend — a roundup of stories that can’t wait till Monday.Lawsuit: Humana refused to pay for thousands of colorectal cancer screeningsA lawsuit filed this week accuses Humana of violating state and federal laws by refusing to cover more than $800,000 in claims for thousands of colorectal cancer screening tests in 45 states.Passport Health may create plan for ACA exchangePassport Health Plan has many pots on the fire.Just after announcing a partnership with Va.-based Evolent Health, Passport Health CEO Mark Carter told IL about another project the not-for-profit is contemplating.La Gallo Rosso closes ... againThe Italian restaurant La Gallo Rosso has packed up its equipment and moved out of the Mellwood Arts Center after just a year.La Gallo Rosso did not respond to a request via Facebook to talk about the closure but did confirm it was no longer in operation and that there are no plans currently to reopen elsewhere.Brown-Forman approves share buybackLouisville-based distiller Brown-Forman Corp. has approved a share repurchase program of $1 billion.The company said its current buyback expires March 24, and the new one will run from April 1, 2016, through March 31, 2017.Share repurchases are a way for a company to use a portion of its profits to reduce the number of outstanding shares, which means that even if earnings remain the same, earnings per share go up. A repurchase also can indicate the company believes its shares are undervalued. The value of the company’s non-voting stock has increased about 8.4 percent in the last year, while the S&P 500 has fallen about 4 percent.Woodford Reserve gets publicity on HBOSpeaking of Brown-Forman, the distiller’s Woodford-Reserve Bourbon got a shout-out -- of sorts -- last week on HBO’s "Real Time with Bill Maher."The comedian mentioned the brand in the New Rules segment, which usually concludes the show and includes Maher’s takes on, well, anything he finds interesting.Tracy Blue out at Voice-Tribune ... plus other local media moves"Tracy is no longer with The Voice and Blue Equity Publishing. We are continuing operations as normal."That's the official statement Blue Equity LLC provided to Insider Louisville after we received numerous tips indicating Tracy Blue had abruptly left the building and would no longer serve as publisher at the Voice-Tribune or at her recently founded LGBT-focused magazine Modern Louisville. The publications are owned by Blue Equity, which also publishes an internal magazine and Churchill Downs' magazine.Forest Giant redesigns WFPL's websiteThe folks at Forest Giant (who have a relatively new website themselves) redesigned 89.3 WFPL's website, which launched this week. Forest Giant also is working on a WFPL app to be launched soon. The new three-column grid design offers "users more options 'above the fold,' so it's clearer we have a dynamic site that is turning over often throughout the day," said Charles Spivey, CTO at Louisville Public Media.NuLu store hosting preview event for online auctionRellek, a NuLu-based consignment shop that carries furniture and home décor, is hosting a week-long preview event with Everything But The House, a Cincinnati-based online auction company.From Feb. 9-15, Louisville residents can visit Rellek during its regular business hours to get an in-person peek at the more than 150 items that will go up for auction at 8 p.m. on Monday, Feb. 15, on Everything But The House's website.GE extends contract with home builderGeneral Electric’s appliance division has extended its contract with a leading home builder, assuring that Louisville-made products continue to be offered in thousands of new homes.Wendell Berry documentary to be screened at SXSW Film FestivalOn Tuesday, filmmakers of "THE SEER: A Portrait of Wendell Berry" learned their documentary was selected to screen at this March's South-by-Southwest Film Festival in Austin, Texas, which will officially be its world premiere. Directed by documentarian Laura Dunn, the film is described as a moving and lyrical portrait of Kentucky writer, farmer and activist Berry.New store plans spring opening at Mall St. MatthewsShoe manufacturer Vans is opening a brand-specific store in Mall St. Matthews on Shelbyville Road.David Jacoby, general manager at Mall St. Matthews, told IL that the store is expected to open on or around May 1 depending on construction.Louisville-Jefferson County Metro Government issued a building permit earlier this week, allowing workers to retrofit a 2,747-square-foot space in the mall for the new Vans store. The estimated cost, according to the permit, is $160,000.Click here for more on these headlines

Welcome to The Closing Bell. This is your last stop for biz scoops and big news before the weekend — a roundup of stories that can’t wait till Monday.

Lawsuit: Humana refused to pay for thousands of colorectal cancer screenings

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A lawsuit filed this week accuses Humana of violating state and federal laws by refusing to cover more than $800,000 in claims for thousands of colorectal cancer screening tests in 45 states.

Passport Health may create plan for ACA exchange

Passport Health Plan has many pots on the fire.

Just after announcing a partnership with Va.-based Evolent Health, Passport Health CEO Mark Carter told IL about another project the not-for-profit is contemplating.

La Gallo Rosso closes ... again

The Italian restaurant La Gallo Rosso has packed up its equipment and moved out of the Mellwood Arts Center after just a year.

La Gallo Rosso did not respond to a request via Facebook to talk about the closure but did confirm it was no longer in operation and that there are no plans currently to reopen elsewhere.

Brown-Forman approves share buyback

Louisville-based distiller Brown-Forman Corp. has approved a share repurchase program of $1 billion.

The company said its current buyback expires March 24, and the new one will run from April 1, 2016, through March 31, 2017.

Share repurchases are a way for a company to use a portion of its profits to reduce the number of outstanding shares, which means that even if earnings remain the same, earnings per share go up. A repurchase also can indicate the company believes its shares are undervalued. The value of the company’s non-voting stock has increased about 8.4 percent in the last year, while the S&P 500 has fallen about 4 percent.

Woodford Reserve gets publicity on HBO

Speaking of Brown-Forman, the distiller’s Woodford-Reserve Bourbon got a shout-out -- of sorts -- last week on HBO’s "Real Time with Bill Maher."

The comedian mentioned the brand in the New Rules segment, which usually concludes the show and includes Maher’s takes on, well, anything he finds interesting.

Tracy Blue out at Voice-Tribune ... plus other local media moves

"Tracy is no longer with The Voice and Blue Equity Publishing. We are continuing operations as normal."

That's the official statement Blue Equity LLC provided to Insider Louisville after we received numerous tips indicating Tracy Blue had abruptly left the building and would no longer serve as publisher at the Voice-Tribune or at her recently founded LGBT-focused magazine Modern Louisville. The publications are owned by Blue Equity, which also publishes an internal magazine and Churchill Downs' magazine.

Forest Giant redesigns WFPL's website

The folks at Forest Giant (who have a relatively new website themselves) redesigned 89.3 WFPL's website, which launched this week. Forest Giant also is working on a WFPL app to be launched soon. The new three-column grid design offers "users more options 'above the fold,' so it's clearer we have a dynamic site that is turning over often throughout the day," said Charles Spivey, CTO at Louisville Public Media.

NuLu store hosting preview event for online auction

Rellek, a NuLu-based consignment shop that carries furniture and home décor, is hosting a week-long preview event with Everything But The House, a Cincinnati-based online auction company.

From Feb. 9-15, Louisville residents can visit Rellek during its regular business hours to get an in-person peek at the more than 150 items that will go up for auction at 8 p.m. on Monday, Feb. 15, on Everything But The House's website.

GE extends contract with home builder

General Electric’s appliance division has extended its contract with a leading home builder, assuring that Louisville-made products continue to be offered in thousands of new homes.

Wendell Berry documentary to be screened at SXSW Film Festival

On Tuesday, filmmakers of "THE SEER: A Portrait of Wendell Berry" learned their documentary was selected to screen at this March's South-by-Southwest Film Festival in Austin, Texas, which will officially be its world premiere. Directed by documentarian Laura Dunn, the film is described as a moving and lyrical portrait of Kentucky writer, farmer and activist Berry.

New store plans spring opening at Mall St. Matthews

Shoe manufacturer Vans is opening a brand-specific store in Mall St. Matthews on Shelbyville Road.

David Jacoby, general manager at Mall St. Matthews, told IL that the store is expected to open on or around May 1 depending on construction.

Louisville-Jefferson County Metro Government issued a building permit earlier this week, allowing workers to retrofit a 2,747-square-foot space in the mall for the new Vans store. The estimated cost, according to the permit, is $160,000.

Click here for more on these headlines