AP News

Stage company rejects Indiana State Fair settlement deal

August 15, 2012
Associated Press
The owner of the stage that collapsed at Indiana's State Fair last year and killed seven people rejected a settlement plan Wednesday that would have protected the state from further legal action and paid victims an additional $7.2 million.
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Regulators order Duke, Progress to disclose deals

August 15, 2012
Associated Press
North Carolina utilities regulators have ordered Duke Energy and Progress Energy to detail some of the deals they cut with major customers before their merger earlier this year.
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Indy seminary lands $8M grant for pastoral center

August 15, 2012
Associated Press
Christian Theological Seminary in Indianapolis has received initial funding for its new Center for Pastoral Excellence through an $8 million grant from the Lilly Endowment.
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Indiana pensions hit as economic doldrums continue

August 14, 2012
Associated Press
Indiana pension funds took a temporary hit last year and may not rebound as much as public workers would like, based on long-term economic trends outlined for lawmakers Tuesday.
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Ivy Tech planning new central Indiana site

August 14, 2012
Associated Press
Indianapolis-based Ivy Tech Community College is planning to open a new classroom site in the central Indiana city of Frankfort.
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Indiana fair remembers stage collapse 1 year later

August 13, 2012
Associated Press
The Indiana State Fair came to a standstill Monday night to honor the victims of a deadly stage collapse one year ago that prompted sweeping overhauls of the fair's emergency plan and new regulations for temporary stages.
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Entergy faces hurdle to joining transmission pact

August 13, 2012
Associated Press
Arkansas regulators want guarantees that their authority will be preserved if Entergy Corp.'s utilities join Carmel-based regional transmission group MISO, raising questions about whether the deal will go through.
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U.S. 31 project leaves many living in uncertainty

August 13, 2012
Associated Press
The new U.S. 31 highway project is designed to make travel faster and safer between South Bend and Indianapolis, but many aren't happy with the property-acquisition process.
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Indiana auto parts maker plans factory expansion

August 13, 2012
Associated Press
Seymour Tubing Inc. is planning a $20 million project to expand and buy new equipment for a southern Indiana factory. The expansion help the company retain 460 workers and add 20 more.
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Hoosier politicians offer tax cuts for all stripes

August 12, 2012
Associated Press
Hoosiers have a pick of candidates looking to succeed Gov. Mitch Daniels who are ready to slash their taxes for them.
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Drought helps well companies, hurts landscape businesses

August 11, 2012
Associated Press
The worst drought in decades has created a business boom for Indiana's well-drilling companies, whose crews are working long hours to dig new, deeper wells or install new pumps for homeowners whose wells ran dry. Meanwhile, lawn-care and landscaping companies are scrambling to find work.
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Ethics rulings say Daniels can lobby for Purdue

August 11, 2012
Associated Press
Two state ethics rulings have concluded that Indiana Gov. Mitch Daniels can lobby the state Legislature for university funding and other matters once he becomes Purdue University's president next year.
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USDA slashes corn outlook as drought takes toll

August 10, 2012
Associated Press
The federal government on Friday drastically cut its expectations for U.S. corn and soybean production for the second month in a row as the worst drought in decades continues punishing key farm states.
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Indy Zoo gets $2M gift for planned orangutan center

August 9, 2012
Associated Press
The Indianapolis Zoo said Thursday it that it received a $2 million gift toward its planned orangutan center from the family foundation of hotel developer Dean White.
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INDOT: I-69's first 65 miles may open in November

August 9, 2012
Associated Press
The first 65 miles of Indiana's Interstate 69 extension from Evansville to Indianapolis are expected to open to traffic in November once contractors finish up the project's first leg, state highway officials said.
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Allison Transmission sets rate on $500 million loan

August 9, 2012
Bloomberg News
Allison Transmission Inc., the locally based maker of transmissions for trucks, buses and the military, set the interest rate it will pay on a $500 million term loan the company is seeking to refinance debt.
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Lilly to book $790M Amylin payment in third quarter

August 9, 2012
Associated Press
Eli Lilly and Co. will book about $790 million in pretax income in the third quarter thanks to an early payment from former drug development partner Amylin Pharmaceuticals.
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Applications for unemployment aid fall slightly

August 9, 2012
Associated Press
The number of Americans applying for unemployment benefits fell by 6,000 last week to a seasonally adjusted 361,000, a level consistent with only modest gains in hiring.
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National, state foreclosure starts on the rise

August 9, 2012
Bloomberg News, Associated Press
The number of homes that received an initial notice of default — the first step in the foreclosure process — increased 6 percent in July compared to the same month last year. Foreclosure starts rose 83 percent in Indiana.
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Livestock farmers still seeking pause in ethanol production

August 9, 2012
Associated Press
Livestock farmers and ranchers seeing their feed costs rise because of the worst drought in a quarter-century are demanding that the EPA waive production requirements for corn-based ethanol. The Obama administration sees no need for a waiver.
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Pence wants more farm promotion, technology

August 7, 2012
Associated Press
Mike Pence's Republican running mate, lieutenant governor nominee Sue Ellspermann, said Tuesday the state should do more to promote Indiana farm exports. She's also calling for a joint venture in developing new agriculture technology.
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Temple University names IU's CFO as president

August 7, 2012
Associated Press
Neil Theobald, chief financial officer at Indiana University, will officially take the helm of the Philadelphia institution Jan. 1.
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Fair victim settlement shields Indiana from company

August 7, 2012
Associated Press
Indiana lawmakers presented their decision to offer an additional $6 million to victims of a deadly stage collapse at last year's state fair as a way to help those who weren't adequately compensated by its first settlement. But buried in the legislation was a clause protecting the state from having to pay even more.
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Governors aside, feds building health care exchanges

August 7, 2012
Associated Press
The feds may be gaining on GOP governors who've balked at carrying out a key part of the health care overhaul law. Opponents of the law say they won't set up new private health insurance exchanges. But increasingly it's looking like Washington will do it for them.
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Whirlpool to close Indiana center, move work to Michigan

August 6, 2012
 IBJ Staff and Associated Press
Whirlpool Corp. announced Monday it plans to shut down the last of its operations in a southern Indiana city, a plant that employed more than 1,500 workers a few years ago.
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