Overseas tax savings for U.S. drugmakers under threat
Eli Lilly and Co. and five other big drugmakers avoided paying $7 billion in U.S. taxes last year by shifting their profits overseas. The strategy has drawn the ire of some legislators.
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Love-hate relationship with D.C. money grows
On the same day last week that state budget director Chris Atkins announced Indiana would be able to tough out a series of automatic federal budget cuts, Lt. Gov. Sue Ellspermann announced the creation of a new office that will lobby for more federal defense spending.
Unemployment falls to 7.7 percent, as U.S. adds 236,000 jobs
Stronger hiring shows businesses are confident about the economy, despite higher taxes and government spending cuts. However, more than 130,000 people left the work force in February.
Congressman invites Italian gun maker to Indiana
U.S. Rep. Marlin Stutzman is encouraging Beretta to move its U.S. operations from Maryland, which is considering an assault weapons ban.
Indiana casts eye toward more defense spending
State officials have started an effort to attract more military spending to Indiana even though the Defense Department is facing billions of dollars in automatic federal budget cuts.
Federal cuts to hit Indiana jobless, National Guard
Indiana agencies are cutting jobless benefits, furloughing National Guard members and losing food funds for the Women Infants and Children program because of the automatic federal budget cuts, officials said Monday.
Indy hospitals healthy despite sequester
While rural hospitals face sharp reductions in their operating incomes, most of the four major hospital systems based in Indianapolis will see only a marginal impact on their finances.
Crane workers face furloughs due to budget cuts
More than 4,000 civilian employees at the Crane Naval Surface Warfare Center will face 22 weeks of furloughs beginning next month under automatic federal budget cuts that took effect Friday.
Sequester could sap $200M from Indiana health care providers
The sequestration plan kicking in Friday will chop Medicare payments to hospitals, doctors and nursing homes by 2 percent, beginning April 1. One study estimates that the cuts could result in 10,000-plus job losses in Indiana alone.
Indiana agencies await news of potential cuts
Many Indiana state agencies remain in the dark about what will happen to their funding if $85 billion in automatic federal budget cuts take effect Friday, as expected.
Let the sequester begin: Senate fails to block spending cuts
The $85 billion in across-the-board federal cuts are set to kick off on Friday, but will fall into place gradually over several months. The Obama administration has pulled back on its earlier warnings of long lines developing quickly at airports and teacher layoffs affecting classrooms.
Reversal: Indiana jobless benefits go on past Friday
Unemployed Indiana residents will keep receiving federally extended unemployment benefits under a reversal by the Indiana Department of Workforce Development.
Environmental groups lob new suit at I-69 work
For the third time, the Hoosier Environmental Council has filed a federal suit attempting to stop construction of the 142-mile link between Evansville and Indianapolis.
Six Indiana airports could see control towers close
The Federal Aviation Administration says control towers at airports in Gary, Muncie, Bloomington, Terre Haute, Columbus and West Lafayette could close if federal budget cuts take effect Friday.
Indianapolis Air Show called off; organizers cite sequestration
The air show was set for June 15-16 at Indianapolis Regional Airport near Mount Comfort east of Indianapolis. It has taken place annually since 1996.
Federal budget cuts would hit military, education in Indiana
The White House has tallied the impact of automatic cuts to the federal budget set to take effect this week. Indiana will lose at least $100 million in support for the military, education, child care, seniors and services for other populations.
Lilly’s Alzheimer’s effort may gain from brain-mapping plan
Roche AG and Eli Lilly and Co., two drugmakers racing to develop treatments for some of the least understood brain disorders, may gain the most from a U.S. government boost in funding to fully map the human brain.
U.S. audit: Indiana should refund $5.8M to Medicaid
A federal audit released Friday recommends Indiana's human services agency refund more than $5.8 million in Medicaid funds because Logansport State Hospital did not show it had complied with special conditions for psychiatric hospitals.
Postal Service plans to eliminate Saturday delivery
The U.S. Postal Service will stop delivering mail on Saturdays but continue to deliver packages six days a week under a plan aimed at saving about $2 billion annually, the financially struggling agency says.
U.S. Postal Service hiring 400 workers in Indiana
The U.S. Postal Service says it's hiring 400 new employees across Indiana, including in Indianapolis, but job-seekers have to apply online by Sunday night.