Articles

Fed’s Bernanke headed for second term

Federal Reserve Chairman Ben Bernanke, widely credited with taking aggressive action to avert an economic catastrophe after
the financial meltdown last fall, will be nominated by President Barack Obama for a second term, The Associated Press learned
last night.

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Lilly spent $3.6M on lobbying in second quarter

Drugmaker Eli Lilly and Co. spent nearly $3.6 million in the second quarter lobbying the federal government on health care
reform and trademark issues, among other topics, according to a recent disclosure form.

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In the red, school districts cut yellow buses

As a mother of two, Feleccia Moore-Davis is accustomed to the usual back-to-school swirl of new supplies, new clothes and
new routines. But this year, that final flurry of summer is accompanied by an unusual worry.

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Republic Airways wins Frontier auction

Republic Airways Holdings won the bankruptcy court auction for Frontier Airlines today, buying the Denver-based carrier
for almost $108.8 million after rival Southwest Airlines Co.’s bid was rejected.

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Simon Property Group to issue $500M in notes

Real estate investment trust Simon Property Group Inc. today announced plans to issue another $500 million in its 5-year senior notes. The notes will be issued by its majority-owned partnership subsidiary Simon Property Group LP. The issue would be a reopening of the 6.75 percent notes due 2014 issued on May 15. A successful reopening […]

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Midwest governors set up high-speed rail group-WEB ONLY

Midwest governors met in Chicago today in a show of unity as they push for an eight-state, high-speed rail network – agreeing to set up a group that will coordinate the states’ bid for a share of $8 billion in federal stimulus cash for such projects. The one-day gathering, billed as a Midwest High Speed […]

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Southern Indiana town considers bankruptcy-WEB ONLY

A southern Indiana town board is considering filing for bankruptcy protection over a potential $1.45 million debt even though officials say state law doesn’t allow that action. The 3,000-person community of Georgetown faces the debt to a contractor and the nearby city of New Albany over stalled plans to build its own sewage treatment plant. […]

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Indiana University expects smaller freshman class-WEB ONLY

Indiana University officials are expecting several hundred fewer freshmen to show up next month at the Bloomington campus than last year’s record-largest freshman class. Officials expect about 7,100 freshmen when the fall semester starts in late August. IU vice provost Roger Thompson said that would be a good enrollment figure because the school plans on […]

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State panel to hear about tuition increases-WEB ONLY

A state committee has set tomorrow as the date that officials from Indiana’s public colleges and universities must explain their decisions to raise tuition. The State Budget Committee, which includes four fiscal leaders in the General Assembly and the state budget director, wants the colleges to justify the increases when so many students and families […]

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Hundreds go on strike at Terre Haute plant-WEB ONLY

Hundreds of workers have gone on strike at a Terre Haute factory after union officials say members overwhelmingly rejected a contract offer. Strikers started a picket line yesterday outside the Bemis Co. plant, which mostly makes packaging for the food industry. The plant opened 1956 and has about 740 union workers and between 150 and […]

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IU cancels ‘day’ at Indiana State Fair-WEB ONLY

Indiana University won’t have its own highlighted day at next month’s Indiana State Fair, a sponsorship change estimated to save the school about $60,000. The university sponsored a State Fair day for the past three years, with information booths, parades of cheerleaders and events such as last summer’s pep rally with new basketball coach Tom […]

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U.S. new jobless claims rise by 554,000-WEB ONLY

The number of newly laid-off workers seeking jobless benefits rose nationally last week, though the government said its report again was distorted by the timing of auto-plant shutdowns. Unemployment insurance claims have declined steadily since the spring, but most private economists and the Federal Reserve expect jobs to remain scarce and the unemployment rate to […]

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