The Obama administration released a proposal that would tighten for-profit colleges’ access to federal student aid,
threatening an industry that received $26.5 billion in U.S. funds last year. Carmel-based ITT Educational Services
is among those potentially affected.
Net income was $49.2 million, compared with a net loss of $16 million a year earlier, the Fort Wayne-based steelmaker said
Monday in a statement.
The National Collegiate Athletic Association must face a lawsuit by consumers claiming the organization unlawfully profits
from a ticket lottery.
Both of Lilly’s late-stage treatments are designed to reduce plaque in the brain called beta amyloid, thought by researchers
to be a main contributor to Alzheimer’s. A drug that stops or reduces memory loss caused by Alzheimer’s may be worth more
than $5 billion
a year, an analyst says, helping Lilly overcome the coming patent losses on several important pharmaceuticals.
Attorney general seeks more details on the breach, which may have compromised financial and health information on almost 500,000
people. He also calls on the Indianapolis-based insurer to provide affected customers with credit monitoring and theft protection
services.
U.S. Senator Charles Grassley asked 16 drugmakers, including Eli Lilly & Co., Pfizer Inc. and AstraZeneca Plc, to reveal
how they treat whistleblowers who file complaints under the False Claims Act.
FedEx Corp. won partial dismissal of a class-action lawsuit brought by contract drivers who contend they are entitled to full
benefits because the company treats them as employees.
Cummins Inc., the Columbus-based maker of diesel truck engines and generators, expects to boost India sales about 40 percent
this year as economic growth spurs road traffic and demand for electricity.
Bill headed for Obama's desk would reform financial regulation in effort to protect consumers, curb risks, boost surveillance
of threats to markets, and give regulators more emergency powers to avoid future bank bailouts.
U.S. health insurers are “moving towards an oligopoly,” a process that this year’s health-care overhaul
will accelerate, the investor-relations chief at WellPoint Inc. said Thursday.
For-profit colleges like ITT Technical Institutes need tougher oversight and regulation, according to a report from a Democratic
Senate committee chairman that questions the industry’s advertising spending, tuition costs and reliance on taxpayer
money.
Purchases of new homes in the United States fell in May to a record low as a federal tax credit expired, showing the market
remains
dependent on government support.
Television station owners affiliated with NBC agreed to support Comcast Corp.’s purchase of NBC Universal after the
company pledged it won’t shift events such as the Olympics and U.S. football to cable, an executive said.
U.S. regulators may phase in requirements on how much health insurers spend on medical care to avoid pushing plans out of
the market for people who buy their own coverage, WellPoint Inc.’s chief financial officer said Wednesday.
The Obama administration proposed banning for-profit colleges, including Carmel-based ITT Educational Services Inc., from
tying recruiters’ pay to the number of people they enroll, saying high-pressure sales tactics induced students to take
out government loans they can’t afford.
Hillenbrand Inc.’s Batesville unit, the largest U.S. maker of coffins,wants the trade commission to prevent Ataudes Aguilares
from selling its products in the United States and Puerto Rico.
ITT Educational Services Inc., Apollo Group Inc.’s University of Phoenix, Career Education Corp. and other for-profit educators
are under increasing federal scrutiny over their recruitment practices and the level of student loan defaults.
Lugar’s bill may be able to muster the 60 votes needed for Senate passage because it wouldn’t cap emissions or expand offshore
drilling, two controversial issues in the Senate.
The suit, filed in federal court in Indianapolis, accuses Hungry Howie's Pizza & Subs Inc. of Madison Heights, Mich.,
of infringing the copyright to a Saturday Evening Post cover first published in 1943.
Eli Lilly and Co. and Merck KGaA drug failed to slow tumors in a study designed to expand the medicine’s use to patients whose
disease is in an earlier stage.
