The Supreme Court on Tuesday cleared the way for Chrysler’s partnership with Italy’s Fiat, rejecting an appeal by a trio of Indiana pension and contruction funds, consumer groups and others to block the automaker’s sale. The sale of Chrysler LLC’s assets to Fiat Group SpA had been expected to close more than a week ago, […]
The state’s largest teachers union plans to lay off dozens of employees in the wake of a financial crisis that spurred investigations of its troubled insurance trust. Union officials representing two groups of workers at the Indiana State Teachers Association say at least 35 people will lose their jobs after 60 days notice. A third […]
Freshmen entering college in 2011 might want to bone up on their math skills. Normal 0 false false false MicrosoftInternetExplorer4 Both Purdue University and Indiana University are raising math requirements for those entering college in 2011. Purdue will require all incoming students to have taken four years of math in high school, making its math […]
Democrats who control the Indiana House plan to outline their priorities for a new state budget that would cover one year of state spending instead of a typical two-year plan. Normal 0 false false false MicrosoftInternetExplorer4 The Democrat-led House Ways and Means Committee is scheduled to meet informally today, two days before a special legislative […]
The Indiana State Teachers Association and the National Education Association say they’ll scrape up enough cash to pay 650 people receiving long-term disability benefits from the state union’s troubled insurance trust. ISTA previously said it didn’t have enough money to cover the long-term disability claims, which could cost $45 million to $65 million over the […]
Normal 0 false false false MicrosoftInternetExplorer4 The world’s airlines will collectively lose $9 billion this year – nearly double the previous projections – and face a slow recovery as the economic crisis saps air travel and cargo demand, an industry body warned today. The International Air Transport Association, which represents 230 airlines worldwide, increased its […]
The world’s airlines will collectively lose $9 billion this year – nearly double the previous projections – and face a slow recovery as the economic crisis saps air travel and cargo demand, an industry body warned today.The International Air Transport Association, which represents 230 airlines worldwide, increased its loss estimate from the $4.7 billion it […]
More foreign car brands could find their way into American garages under a plan by auto racing magnate Roger Penske’s dealership group to snap up Saturn from the ruins of General Motors Corp. The deal announced Friday is one more example of how the cataclysm that hit Detroit’s three carmakers is reshaping the global automotive […]
Gov. Mitch Daniels says Indiana’s schools are “among America’s luckiest” since they have so far avoided cuts during the recession. But only some Indiana schools would find four-leaf clovers under Daniels’ budget proposal. Suburban schools with booming enrollments would see funding increases, while urban and rural school districts that are losing students would see decreases. […]
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 […]
