Three Indiana state pension and construction funds are asking the Supreme Court to block Chrysler’s sale to Fiat so they can pursue an appeal in hopes of getting a better deal. Also filing emergency papers at the high court yesterday were lawyers representing consumer groups and individuals with product-related lawsuits. An appeals court in New […]
An Indiana money manager plans to plead guilty to crashing an airplane near a Florida Panhandle neighborhood in a botched attempt to fake his own death and escape financial problems and a crumbling marriage, according to court documents filed yesterday. U.S. District Judge Roger Vinson set a re-arraignment and guilty plea hearing today for Marcus […]
House Democrats walked out of a state budget hearing today after complaining that the Republican governor injected politics into the process – and they said they don’t plan to attend other hearings scheduled before a special legislative session starts next week. Democrats on a special joint budget committee complained that Gov. Mitch Daniels was trying […]
Chrysler heads back to bankruptcy court today to ask the judge overseeing its case to allow it to terminate the franchise agreements of 789 of its dealerships, despite the protests of many dealers who say the move could close their businesses for good. U.S. Judge Arthur Gonzalez is expected to hear testimony from Chrysler LLC […]
By STEPHEN OHLEMACHER Associated Press Writer WASHINGTON The IRS is working on new rules that could require paid tax preparers to be licensed to improve tax compliance and reduce fraud, IRS Commissioner Doug Shulman announced Thursday. Eighty percent of taxpayers get help with their returns, either from paid preparers or computer programs, Shulman told a […]
Many U.S. retailers said same-store sales fell in May, as expected, as shoppers continued to spend cautiously, focusing on bargains and food. The declines came in largely in line with analyst expectations, with frequent standouts such as The Buckle Inc. posting better results. Chic discounter Target Stores Inc. reported a bigger drop than analysts expected, […]
Indiana-based manufacturer Philips Products Inc. is ceasing operations, a move that will put 675 people out of work at plants in six states. The closure will cost 250 jobs in its headquarters city of Elkhart, which has seen its unemployment rate reach about 18 percent with the collapse of the RV industry. The company says […]
Normal 0 false false false MicrosoftInternetExplorer4 Chrysler heads back to bankruptcy court today to ask the judge overseeing its case to allow it to terminate the franchise agreements of 789 of its dealerships, despite the protests of many dealers who say the move could close their businesses for good. U.S. Judge Arthur Gonzalez is expected […]
Normal 0 false false false MicrosoftInternetExplorer4 The NCAA wants to give schools an economic break. College sports’ largest governing body has announced it will suspend membership dues for the next school year. It also hopes to save about $500,000 by holding most of its future committee meetings in its headquarters city of Indianapolis. Some NCAA […]
Indianapolis International Airport officials are facing a budget shortfall because of fewer flights at the same time they have higher costs from the new terminal that opened last year. Officials expect revenue to be $15 million less than planned this year but that the airport has enough cash reserves to cover the shortfall. Flight traffic […]
Indiana Gov. Mitch Daniels is calling legislators back to the Statehouse next week to resume work on a new state budget, and legislative leaders are already meeting to lay the budget groundwork. Daniels told a bipartisan group of lawmakers yesterday that the special legislative session would begin June 11. The Republican governor said he hopes […]
Indiana’s largest teachers union says it will stop making payments in July to people who are supposed to get long-term disability benefits from its insurance trust. A National Education Association trustee who has taken over the Indiana State Teachers Association’s troubled insurance arm had previously said that his top priority was making sure teachers and […]
Indiana Gov. Mitch Daniels is calling legislators back to the Statehouse next week to resume work on a new state budget, and legislative leaders are already meeting to lay the budget groundwork. Normal 0 false false false MicrosoftInternetExplorer4 Daniels told a bipartisan group of lawmakers yesterday that the special legislative session would begin June 11. […]
Officials in four Midwestern states badly hurt by the auto industry’s woes are lining up to ask the Cabinet secretaries crisscrossing the region for a better deal when it comes to getting funds from the federal recovery act. With the bankruptcy filing of industry icon General Motors Corp. just days old and Chrysler LLC plants […]
Indiana Gov. Mitch Daniels is calling legislators back to the Statehouse next week to resume work on a new state budget. Daniels told members of the bipartisan State Budget Committee today that the special legislative session would begin June 11. Daniels said he hopes that give lawmakers plenty of time to agree on a spending […]
General Motors Corp. has a tentative agreement to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co. of China, a person briefed on the deal said today. GM announced earlier today that it has a memorandum of understanding to sell the brand of rugged SUVs, but the company didn’t disclose the buyer. The […]
General Motors Corp. said today that it has tentatively agreed to sell its Hummer brand, a day after the U.S. automaker filed for bankruptcy protection with hopes that it will transform its most profitable assets into a new company within just 30 days. The Detroit-based company did not name the proposed buyer or the price, […]
A federal bankruptcy judge has approved the sale of most of Chrysler LLC’s assets to Italy’s Fiat, moving the American automaker a step closer to its goal of a quick exit from court protection. But it didn’t take long for a trio of Indiana state pension and construction funds to file an appeal, saying that […]
Indiana Gov. Mitch Daniels wants to slash overall state spending by 2.5 percent, but the budget he outlined in a live broadcast last night would give public schools and student aid a boost. The Republican governor also said he’s willing to reach into the state’s piggy bank – a bit. He said he wants to […]
General Motors filed for Chapter 11 bankruptcy protection today as part of the Obama administration’s plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government.GM’s bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial company. The company said it has $172.81 […]
