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Indiana Treasurer Richard Mourdock’s failed quest to stop Chrysler’s bankruptcy proceedings will cost state taxpayers $2 million in legal fees, but he has no regrets about what some saw as a Quixotic effort. That sum is on top of the $5.6 million a road construction fund and pension funds for retired teachers and state troopers […]

Advisers to the Food and Drug Administration said yesterday that three blockbuster psychiatric drugs appear safe and effective for children and adolescents, despite side effects that can increase the risk of diabetes. The FDA’s panel of psychiatric experts voted to approve the use of drugs from AstraZeneca, Eli Lilly and Pfizer for treating schizophrenia and […]

Three African-American families have filed a civil rights lawsuit accusing children’s restaurant Chuck E. Cheese’s and a former Indianapolis store manager of mistreating them because they are black. The lawsuit filed this week in U.S. District Court alleges Ken McGill, who was a manager at two different stores, refused to serve them, treated them rudely […]

Italy’s Fiat is the new owner of the bulk of Chrysler’s assets, closing a deal today that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat’s CEO.The deal clears the way for a new, leaner Chrysler Group LLC to emerge from bankruptcy protection minus billions in debt, […]

The Supreme Court on Tuesday cleared the way for Chrysler’s partnership with Italy’s Fiat, rejecting an appeal by a trio of Indiana pension and contruction funds, consumer groups and others to block the automaker’s sale. The sale of Chrysler LLC’s assets to Fiat Group SpA had been expected to close more than a week ago, […]

The state’s largest teachers union plans to lay off dozens of employees in the wake of a financial crisis that spurred investigations of its troubled insurance trust. Union officials representing two groups of workers at the Indiana State Teachers Association say at least 35 people will lose their jobs after 60 days notice. A third […]

The Indiana State Teachers Association and the National Education Association say they’ll scrape up enough cash to pay 650 people receiving long-term disability benefits from the state union’s troubled insurance trust. ISTA previously said it didn’t have enough money to cover the long-term disability claims, which could cost $45 million to $65 million over the […]

Three Indiana state pension and construction funds are asking the Supreme Court to block Chrysler’s sale to Fiat so they can pursue an appeal in hopes of getting a better deal. Also filing emergency papers at the high court yesterday were lawyers representing consumer groups and individuals with product-related lawsuits. An appeals court in New […]

Indiana Gov. Mitch Daniels is calling legislators back to the Statehouse next week to resume work on a new state budget, and legislative leaders are already meeting to lay the budget groundwork. Daniels told a bipartisan group of lawmakers yesterday that the special legislative session would begin June 11. The Republican governor said he hopes […]

Indiana’s largest teachers union says it will stop making payments in July to people who are supposed to get long-term disability benefits from its insurance trust. A National Education Association trustee who has taken over the Indiana State Teachers Association’s troubled insurance arm had previously said that his top priority was making sure teachers and […]

Indiana Gov. Mitch Daniels is calling legislators back to the Statehouse next week to resume work on a new state budget, and legislative leaders are already meeting to lay the budget groundwork. Normal 0 false false false MicrosoftInternetExplorer4 Daniels told a bipartisan group of lawmakers yesterday that the special legislative session would begin June 11. […]