Republican Sen. Luke Kenley of Noblesville says he’s more optimistic now than he was a few weeks ago about the chances of reaching an agreement that would help Indianapolis’ cash-strapped stadium agency. State lawmakers on a joint House-Senate conference committee met for two hours yesterday talking about possible solutions for the Indianapolis Capital Improvement Board, […]
General Motors Corp. said today it will temporarily close 13 assembly plants in the U.S. and Mexico, some for more than two months, laying off nearly 24,000 workers to pare back a bloated inventory. The closures, which will start in May, vary by factory from as short as three weeks to a long as 11, […]
Indiana lawmakers on a legislative panel said yesterday they are confident they can reach a compromise on a new state budget, but key differences remain in plans backed by House Democrats and Senate Republicans. A House-Senate conference committee discussed its proposals publicly, a week before the April 29 deadline for the legislative session to end. […]
A union official said about 100 workers have been laid off from a central Indiana auto-parts plant over the last two weeks. International Brotherhood of Electrical Workers steward Patrick Owens said Emcon Technologies is laying off workers at the Columbus plant because of a slowdown as it awaits new business from Cummins Inc. and Volkswagen. […]
Indiana lawmakers on a legislative panel said yesterday they are confident they can reach a compromise on a new state budget, but key differences remain in plans backed by House Democrats and Senate Republicans. A House-Senate conference committee discussed its proposals publicly, a week before the April 29 deadline for the legislative session to end. […]
General Motors Corp. is planning to temporarily close most of its U.S. factories for up to nine weeks this summer because of slumping sales and growing inventories of unsold vehicles, three people briefed on the plan said yesterday. Thousands of GM workers could learn about the decision as early as today. The exact dates of […]
Casinos would be the only public indoor places in Indiana where smokers could light up if a legislator can win passage of a statewide smoking-ban law. Rep. Charlie Brown (D-Gary) wants to amend another one of his bills to include the ban on smoking in most public indoor places. He said today that he’s willing […]
An Indiana biotechnology company announced yesterday that it has begun producing a genetically modified yeast that promises to make it easier and faster to turn corn cobs, wood chips and a host of agricultural wastes into ethanol. Green Tech America Inc. of West Lafayette said its modified yeast ferments both major forms of sugar – […]
Two northern Indiana manufacturers have announced that they are closing operations, cutting about 130 jobs. Nebraska-based Valmont Industries Inc. will close its steel operations unit in Elkhart on June 16, laying off about 70 employees. The company makes steel and aluminum poles for street lights and traffic signals. Plant manager Franco Garcia said the company […]
Two northern Indiana manufacturers have announced that they are closing operations, cutting about 130 jobs. Nebraska-based Valmont Industries Inc. will close its steel operations unit in Elkhart on June 16, laying off about 70 employees. The company makes steel and aluminum poles for street lights and traffic signals. Plant manager Franco Garcia said the company […]
Anderson-based startup Bright Automotive yesterday finally unveiled the Idea, a 100-mile-per-gallon plug-in hybrid electric van that it is looking to sell to fleet customers such as businesses and government agencies. The automaker’s goal is to produce 50,000 vehicles a year starting in 2013. The ultimate outcome, it hopes, will be millions of dollars in savings […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 An Indiana biotechnology company announced yesterday that it has begun producing a genetically modified yeast that promises to make it easier and faster to turn corn cobs, wood chips and a host of agricultural wastes into ethanol. Green Tech America Inc. of West Lafayette said its […]
Democratic leaders at the Indiana Statehouse are questioning whether the governor should have the power to withhold state cash from certain programs after lawmakers allocate money for them in the state budget. Senate Minority Leader Vi Simpson (D-Bloomington) said Republican Gov. Mitch Daniels should be able to reduce spending for his own state agencies in […]
An Indiana money manager said he “wasn’t of sound mind” before parachuting from his plane and letting it crash in Florida in what authorities say was an attempt to fake his own death. In a telephone interview with ABC’s “Good Morning America” for broadcast today, Marcus Schrenker said his plane crashed in Florida after hitting […]
Democratic leaders at the Indiana Statehouse are questioning whether the governor should have the power to withhold state cash from certain programs after lawmakers allocate money for them in the state budget. Senate Minority Leader Vi Simpson (D-Bloomington) said Republican Gov. Mitch Daniels should be able to reduce spending for his own state agencies in […]
Employers would pay higher taxes under a revised proposal Indiana House Democrats presented yesterday as a way to fix Indiana’s bankrupt unemployment insurance fund. The taxes employers would pay into the fund overall would be higher than House Democrats originally proposed, at least initially, and the new plan still would not cut benefits paid to […]
U.S. stock markets sank today as investors booked profits from last week’s gains and new worries set in over banks’ profit reports. The Dow Jones industrial average index plummeted 3.6 percent, to 7,841.60, the Standard & Poor’s 500 dropped 4.2 percent, to 832.42, and the NASDAQ composite fell 3.9 percent, to 1,608.21. Worries about the […]
Federal officials have chosen Navistar Corp.’s Fort Wayne plant to help develop a new electric hybrid school bus that’s part of the Obama administration’s goal of lessening the nation’s reliance on petroleum. The U.S. Department of Energy said Friday that Navistar will be a partner in a project to develop, test and put onto the […]
GM North America President Troy Clarke said in an e-mail to employees sent today that the layoffs are needed to ensure the company’s long-term viability. “In these unprecedented times, GM is reinventing every aspect of our business, including our organizational size and structure, to create a lean and agile company,” Clarke wrote in the e-mail […]
A mystery is unfolding in the world of college fundraising: During the past few weeks, at least eight universities have received gifts totaling nearly $45 million, and the schools had to promise not to try to find out the giver’s identity. One school went so far as to check with the IRS and the Department […]
