Filibuster broken, jobless benefits may flow soon
The Senate is poised to pass legislation restoring jobless benefits for millions of people unable to find work in the frail
economic recovery.
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Federal agents raid University Loft headquarters
Agents descended on the contract-furniture maker to execute a sealed search warrant. A spokeswoman for U.S. Attorney Tim Morrison said no arrests were made.
Post office requests 2-cent hike in stamp prices
The U.S. Postal Service lost $3.8 billion last fiscal year despite cutting 40,000 full-time positions and making other reductions.
It has continued to face significant losses this year.
Weak employment report: 125,000 workers lost jobs in June
Pessimism about economic recovery grows as employment numbers for June fall short of expectations.
Program tying doctor bonuses to quality goes statewide
The program currently includes 1,200 physicians—about 10 percent of all doctors in Indiana.
Central Indiana aims to become electric vehicle powerhouse
Central Indiana might be in line to tap hundreds of millions of dollars in federal grants and loan guarantees to energize
the rollout of plug-in electric cars and trucks. Both chambers of Congress are considering measures that would require the
Department of Energy to select up to 15 cities nationwide to participate in a national electric vehicle deployment program.
Senate combines jobless benefits, homebuyer credit
Senate Democrats are working on a new way to jump-start their stalled election-year jobs agenda while saving unemployment benefits for hundreds of thousands of laid-off workers. The plan combines in one bill the unemployment benefits with an extension of a popular tax credit for people who buy new homes.
Doctors breathe a sigh of relief
As doctors threaten to drop Medicare patients, Congress delays cuts for another six months.
Lilly’s Effient steps forward, then back
A day after doctors were alerted to a black-box warning that could slow sales of Effient’s main competitor,
Plavix,
a medical journal published research showing that patients suffered 43-percent more cancer tumors on Effient than on Plavix.
$69M U.S. Courthouse modernization a boon for local firms
More than a dozen local companies have begun work on a three-year modernization of the Birch Bayh Federal Building and U.S.
Courthouse in the state's largest individual project funded by the federal stimulus.
Americans spend more in May, see incomes rise
Americans spent a little more in May but not enough to speed along the economic recovery.
Lawmakers approve big Wall Street revamp
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.
Home Loan Bank CEO dashes talk of impending merger
The recent chatter followed the bank board’s decision to award CEO Milton J. Miller II a severance agreement entitling him to extra pay in the event of a merger.
Lugar: Bipartisan approach needed on climate bill
Sen. Richard Lugar is urging President Obama to endorse a bipartisan climate change bill that doesn’t add another financial
burden during tough times and does not include the new carbon-based fuel taxes sought by Democratic leaders.
Carmel-based power provider receives $5M federal grant
The Indiana Municipal Power Agency will use funds through the American Recovery and Reinvestment Act to retrofit streetlights
in 20 communities that it serves.
New federal rules target for-profit college recruiting
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.
Rolls-Royce opens plant making part for Joint Strike Fighter
The new "focused factory" in Plainfield will produce lift fans for the Joint Strike Fighter aircraft. The fan allows
one version of the aircraft to make helicopter-like landings.
Lugar’s energy bill winning support
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.
Rolls-Royce snags $7.5 million military contract
Engineers at Rolls-Royce Corp.’s Indianapolis manufacturing facility will work for the next year to design, develop
and test an upgrade for a digital engine control the company is making for the U.S. Army’s OH-58 Kiowa Warrior helicopter.
Senate candidate Coats posts lobbying records
Former GOP Sen. Dan Coats posted more than 800 pages of lobbying records on his website Saturday in an effort to clear up
questions about his past and respond to attacks from Democrats.