Articles

Daniels announces more cuts as state revenue falls again

Indiana Gov. Mitch Daniels on Friday announced a series of spending cuts and other steps designed to offset a continuing multimillion-dollar
decline in state revenues. If the trend continues without spending cuts, he said, Indiana’s reserves would be wiped out by
next August.

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Indiana lands $39.4M in power-grid stimulus grants

IPL will receive $20 million to help pay for a $48.8 million project to install more than 28,000 smart meters; Midwest ISO
will get $17.3 million toward a $34.5 million project to install 150 phasor measurement units.

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Huge truck explosion clogs north-side traffic

A liquid propane tanker exploded on a highway ramp Thursday morning, closing Interstates 69 and 465 on the north side of Indianapolis.
According to initial TV reports, the closure could be long term due to structural damage caused by the explosion.

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Medco plans to compare Plavix, Effient in study

Medco Health Solutions Inc. said Tuesday it will compare the blood thinner Plavix, the world’s second-best selling drug, with
Effient, a potential blockbuster drug sold by Indianapolis-based Eli Lilly and Co.

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Senate bill doesn’t fund Rolls-Royce jet engine

The measure holds potential bad news for Indianapolis engine maker Rolls-Royce because it does not contain funding for a key
jet engine the company produces, but lawmakers are expected to restore funding when the Senate and House combine bills into
a final version.

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Indy, state miss out on Olympic impact

Chicago will not host the 2016 Olympics. The city was eliminated from consideration in the first round of voting by members
of the International Olympic Committee today.

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