Indiana reported the biggest increase among states in new jobless claims for the week ending March 7, with a jump of more than 5,500, which it attributed to layoffs in the auto and manufacturing industries. Nationally, new jobless claims fell more than expected last week, but continuing claims set a record for the eighth straight […]
Hamilton County businessman Brose McVey has announced he will challenge incumbent Rep. Dan Burton for the Republican nomination for Indiana’s 5th District Congressional seat in next year’s election. McVey, a former aide to Dan Quayle and Dan Coats when they were senators, was the 7th District GOP nominee in 2002, when he lost to the […]
A Hamilton County woman accused of swindling investors in a clean coal energy startup agreed yesterday to an injunction that freezes her assets, including artwork by Pablo Picasso, jewelry and a luxury waterfront home. The agreement in Marion Superior Court makes permanent a temporary restraining order issued last week by Judge Patrick McCarty following a […]
Some of the country’s largest insurers are starting to raise their voices in the debate over reworking the nation’s health care system, and their message is clear: They must play a role for it to work. WellPoint Inc. CEO Angela Braly on Tuesday told a Los Angeles forum the government and private industry need each […]
An Indiana money manager accused of trying to fake his death in a plane crash has undergone a mental evaluation to determine whether he is competent to stand trial and is now in a Tallahassee correctional facility. A report on Marcus Schrenker’s competency was expected to be sent to a federal judge by today. Tallahassee […]
The mayor of beleaguered Elkhart had a simple message for Indiana Gov. Mitch Daniels yesterday: Send us stimulus money, and send it fast. Mayor Dick Moore hopes federal economic stimulus cash can revive the northern Indiana city, which has been hit hard by the collapse of the recreational vehicle industry and is struggling with an […]
A Hamilton County woman accused of swindling investors in a clean coal energy startup agreed today to an injunction that freezes her assets, including artwork by Pablo Picasso, jewelry and a luxury waterfront home. The agreement in Marion Superior Court makes permanent a temporary restraining order issued last week by Judge Patrick McCarty following a […]
Valero Energy will buy seven ethanol plants and a key development site in the Indiana city of Reynolds from VeraSun Energy for $477 million, the largest biofuel buyout ever in terms of production capacity. VeraSun, the country’s second largest ethanol producer, filed for Chapter 11 bankruptcy protection last October. VeraSun suspended construction of a 110-million-gallon-a-year […]
Valero Energy will buy seven ethanol plants and a key development site in the Indiana city of Reynolds from VeraSun Energy for $477 million, the largest biofuel buyout ever in terms of production capacity. VeraSun, the country’s second largest ethanol producer, filed for Chapter 11 bankruptcy protection last October. VeraSun suspended construction of a […]
A plan designed to fix Indiana’s bankrupt unemployment insurance fund drew misgivings from business and labor groups yesterday as it advanced to the Republican-controlled Senate, which is expected to pass some version of the proposal. The Senate Tax and Fiscal Policy Committee endorsed the plan on a 9-3 vote after four hours of public testimony, […]
Starting next school year, children may want to think twice about celebrating snow days. State schools chief Tony Bennett said yesterday that he will require schools to make up a day of school for each day they miss because of weather, ending a Department of Education practice that allowed exceptions. Bennett also said half-days and […]
A fire that destroyed a six-story apartment complex under construction along the downtown Indianapolis canal last week was ruled an arson today. The fire gutted the $28 million Cosmopolitan on the Canal project that had been nearing completion and spread onto the roof of the adjacent headquarters of the Historic Landmarks Foundation of Indiana, causing […]
The high number of out-of-work residents collecting jobless benefits in Indiana has triggered an automatic 13-week extension of unemployment benefits. The extended benefits program is for those who have exhausted up to 59 weeks of state and federal unemployment checks. Those in the program can collect unemployment for an additional 13 weeks, but they must […]
The number of new housing projects that builders broke ground in February rose sharply, defying economist forecasts for yet another drop in activity. The Commerce Department reported today that construction of new homes and apartments jumped 22.2 percent from January to a seasonally adjusted annual rate of 583,000 units. Economists were expecting construction to drop […]
Caterpillar Inc. is laying off 439 employees at an Indiana engine plant for at least six months, it announced today. The company said the layoffs at the Lafayette plant are in response to lower demand for its products. The diesel engines produced at the factory are used in marine, petroleum, electric power, locomotive and industrial […]
Indiana Senate Republicans have proposed a plan designed to fix the state’s bankrupt unemployment insurance fund by increasing employer taxes overall, reducing benefits for some jobless people and tightening eligibility requirements. “Our effort is to make changes in the system that are gradual but does put us on a definite path to solvency in our […]
Butler University is raising its tuition by 3.5 percent in what school officials say is the smallest increase since 1975. The Indianapolis school is also raising room-and-board rates by 3.5 percent. Those increases will make the private school’s tuition $28,460 for next school year, with an average room-and-board rate of $9,250. Butler President Bobby Fong […]
Seeking to counter a chorus of unhappy Republicans and nervous Wall Street investors, President Barack Obama and his economic team are taking a cheerier tone while making billions in federal loans available to the nation’s struggling small businesses. Obama and Treasury Secretary Timothy Geithner today plan to announce a broad package that includes reduced small-business […]
A new report scores Indiana’s state budget process as the second worst in the nation largely because the governor doesn’t have a line-item veto and there’s no requirement for a balanced budget. Indiana scored just 45 points out of a possible 100 and ranked ahead of only New Hampshire in the 2009 Index of State […]
A Las Vegas casino and Indianapolis-based Simon Property Group Inc. lost a bid last week to throw out a hip hop nightclub’s lawsuit alleging it is being discriminated against because most of the patrons of the Vegas establishment are black. U.S. District Court Judge James Mahan said it was too early to make a decision […]
