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Legislation to require Indiana’s investor-owned utilities to buy surplus power from businesses and municipalities that install wind turbines or solar panels is advancing in the General Assembly, and supporters predict it will be approved. With interest in renewable energy growing nationwide, supporters say passing a so-called “net metering” bill would spark more solar, wind and […]

The major stock market indexes have staggered to their lowest levels in more than a decade, pulled down by investors’ rapidly waning confidence. The Dow Jones industrial average and the Standard & Poor’s 500 index closed  today at their lowest levels since 1997, succumbing to growing worries about a recession that has no end in […]

Rose-Hulman Institute of Technology in Terre Haute will soon be searching for its third new president in five years. The engineering and science school announced today that Gerald Jakubowski was resigning effective June 30, three years after he took the job. No reason for his departure was announced, and the school said its board of […]

The U.S. policy of shunning communist Cuba by imposing a strict trade embargo has failed to prod the island nation toward democracy and should be re-evaluated, according to the top Republican on the Senate Foreign Relations Committee. “We must recognize the ineffectiveness of our current policy and deal with the Cuban regime in a way […]

President Barack Obama said today he would begin distributing $15 billion to the states within two days to help them with Medicaid payments to the poor. The money will begin reaching the states Wednesday from the newly passed $787 billion economic stimulus program, Obama told the nation’s governors during a meeting at the White House. […]

European Union regulators have approved the blood thinner prasugrel, Indianapolis-based drugmaker Eli Lilly and Co. announced this morning. The European Commission granted marketing authorization for prasugrel, which will be sold in Europe under the brand name Efient. Lilly spokeswoman Carole Copeland said the drug will be launched “in the coming weeks,” with a separate rollout […]

Marvin Harrison’s reluctance to take a pay cut could mark the end of his career in Indianapolis. Colts president Bill Polian told reporters yesterday at the NFL’s annual scouting combine that the team was trying to rework Harrison’s deal to lower the receiver’s salary cap number from approximately $13.4 million, the highest number of any […]

The nation’s deepening recession has boosted business at Indiana’s pawn shops as people shed possessions – particularly electronics – for cash to pay bills. At Ace Pawn Shop in Bloomington, manager Chris Banul said business is up and he’s seeing more high-end items brought to the shop for collateral, or sold outright, as the economy […]