An Indiana biotechnology company announced yesterday that it has begun producing a genetically modified yeast that promises to make it easier and faster to turn corn cobs, wood chips and a host of agricultural wastes into ethanol. Green Tech America Inc. of West Lafayette said its modified yeast ferments both major forms of sugar – […]
Two northern Indiana manufacturers have announced that they are closing operations, cutting about 130 jobs. Nebraska-based Valmont Industries Inc. will close its steel operations unit in Elkhart on June 16, laying off about 70 employees. The company makes steel and aluminum poles for street lights and traffic signals. Plant manager Franco Garcia said the company […]
Two northern Indiana manufacturers have announced that they are closing operations, cutting about 130 jobs. Nebraska-based Valmont Industries Inc. will close its steel operations unit in Elkhart on June 16, laying off about 70 employees. The company makes steel and aluminum poles for street lights and traffic signals. Plant manager Franco Garcia said the company […]
Anderson-based startup Bright Automotive yesterday finally unveiled the Idea, a 100-mile-per-gallon plug-in hybrid electric van that it is looking to sell to fleet customers such as businesses and government agencies. The automaker’s goal is to produce 50,000 vehicles a year starting in 2013. The ultimate outcome, it hopes, will be millions of dollars in savings […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 An Indiana biotechnology company announced yesterday that it has begun producing a genetically modified yeast that promises to make it easier and faster to turn corn cobs, wood chips and a host of agricultural wastes into ethanol. Green Tech America Inc. of West Lafayette said its […]
Democratic leaders at the Indiana Statehouse are questioning whether the governor should have the power to withhold state cash from certain programs after lawmakers allocate money for them in the state budget. Senate Minority Leader Vi Simpson (D-Bloomington) said Republican Gov. Mitch Daniels should be able to reduce spending for his own state agencies in […]
An Indiana money manager said he “wasn’t of sound mind” before parachuting from his plane and letting it crash in Florida in what authorities say was an attempt to fake his own death. In a telephone interview with ABC’s “Good Morning America” for broadcast today, Marcus Schrenker said his plane crashed in Florida after hitting […]
Democratic leaders at the Indiana Statehouse are questioning whether the governor should have the power to withhold state cash from certain programs after lawmakers allocate money for them in the state budget. Senate Minority Leader Vi Simpson (D-Bloomington) said Republican Gov. Mitch Daniels should be able to reduce spending for his own state agencies in […]
Employers would pay higher taxes under a revised proposal Indiana House Democrats presented yesterday as a way to fix Indiana’s bankrupt unemployment insurance fund. The taxes employers would pay into the fund overall would be higher than House Democrats originally proposed, at least initially, and the new plan still would not cut benefits paid to […]
U.S. stock markets sank today as investors booked profits from last week’s gains and new worries set in over banks’ profit reports. The Dow Jones industrial average index plummeted 3.6 percent, to 7,841.60, the Standard & Poor’s 500 dropped 4.2 percent, to 832.42, and the NASDAQ composite fell 3.9 percent, to 1,608.21. Worries about the […]
Federal officials have chosen Navistar Corp.’s Fort Wayne plant to help develop a new electric hybrid school bus that’s part of the Obama administration’s goal of lessening the nation’s reliance on petroleum. The U.S. Department of Energy said Friday that Navistar will be a partner in a project to develop, test and put onto the […]
GM North America President Troy Clarke said in an e-mail to employees sent today that the layoffs are needed to ensure the company’s long-term viability. “In these unprecedented times, GM is reinventing every aspect of our business, including our organizational size and structure, to create a lean and agile company,” Clarke wrote in the e-mail […]
A mystery is unfolding in the world of college fundraising: During the past few weeks, at least eight universities have received gifts totaling nearly $45 million, and the schools had to promise not to try to find out the giver’s identity. One school went so far as to check with the IRS and the Department […]
A developer is working on plans to install up to 75 turbines on several small wind farms in northern Indiana’s LaGrange County. Fort Wayne-based Pioneer Wind Energy LLC says it has rented more than 4,000 acres, enough to build two of the wind farms with 10 to 15 turbines each. The company’s plans for LaGrange […]
Indiana is extending the state tax-filing deadline for those trying to use its clogged online system. A technology glitch slowed the state’s I-File system, and last-minute tax filers created a bottleneck yesterday. The Indiana Department of Revenue has extended the I-File state tax deadline until midnight Sunday. Revenue Commissioner John Eckart said today he regrets […]
IUPUI officials are negotiating with the Indiana Pacers to play home basketball games at the nearby 18,000-seat Conseco Fieldhouse. The Jaguars normally play home games at their 1,200-seat campus gymnasium, and coach Ron Hunter said the program “will not be able to move forward any further unless we get a new facility.” The Summit League […]
U.S. jobless claims fell more than expected for the second straight week, but the number of Americans continuing to receive unemployment insurance benefits rose above 6 million for the first time. Analysts expect the labor market to remain weak for the most of this year, as many employers are reluctant to hire until an economic […]
The Indiana House has approved a bill that would prohibit the governor from soliciting or receiving campaign contributions during budget-writing sessions of the General Assembly. The bill also would prohibit any businesses with state contracts worth more than $50,000 from giving contributions to statewide office holders or candidates. The ban would also apply to executives […]
A Statehouse proposal that would allow Indianapolis to raise local taxes to save its cash-strapped stadium agency cleared the Indiana Senate yesterday as the debate over who should pay for the bailout continued. The Senate voted 33-17 for a proposal to fund the Indianapolis Capital Improvement Board, which expects to be $47 million short in […]
Eight Midwestern states, including Indiana, hope to secure federal stimulus money for a network of faster passenger trains with Chicago as its hub – joining forces to boost their chances of getting a cut of $8 billion set aside for high-speed rail. The governors, including Illinois Gov. Pat Quinn, said yesterday they have sent a […]
