BP said its largest U.S. refinery, at Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before.» Read More
NEW YORK— The Securities and Exchange Commission may take enforcement action against for-profit education company ITT Educational Services Inc. over its student loans.
WASHINGTON— The Food and Drug Administration has approved a new injectable diabetes drug from Eli Lilly and Co. for adults with the most common form of the disease.
NEW YORK— Steel Dynamics forecast a strong third-quarter profit on Wednesday, citing increased shipments and solid demand from key markets. Steel Dynamics bought the Ohio mini-mill from Russian steelmaker OAO Severstal for $1.63 billion.
CLEVELAND— A harsh winter and low inventory have driven up prices for road salt so much that the Ohio Department of Transportation will use an Indiana supplier to meet the needs of the state and communities that had problems obtaining salt at affordable prices.
The Pittsburgh company said it expects a big improvement in its third-quarter operating income from its reportable segments and other businesses. Steel said it will provide about $165 million in secured, debtor-in-possession financing to U.S. Steel Canada Inc., which will allow the business to continue operating as it explores the restructuring.
Sept 17- If you're unhappy with your cell phone service- and really, who isn't? Verizon last month began offering a new $60 plan that previously would have cost users $90. T-Mobile countered with a low-price starter plan of $45 that comes with 2 GB of data.
Sept 16- United States Steel Corp said its Canadian arm would apply for relief from creditors under Canada's Companies' Creditors Arrangement Act and said it would drop plans to expand two of its facilities. Steel Canada, formerly known as Stelco, accounts for about $1 billion of U.S.
Sept 16- For-profit education companies Education Management Corp and Corinthian Colleges Inc said they would not be able to file their annual reports on time.
LOUISVILLE, Ky.— Soldiers being discharged from the military— particularly Fort Knox in central Kentucky— will get a sales pitch on the jobs available and benefits of staying in the area from a program started up Tuesday by business groups in Kentucky and southern Indiana.
INDIANAPOLIS— Eli Lilly and Co. plans to pay up to $500 million to fellow drugmaker AstraZeneca as part of a collaboration to develop and sell a potential Alzheimer's disease treatment that is in the early stages of clinical testing.
COLUMBUS, Ind.— Officials expect a decision soon from federal regulators regarding plans for upgrading more than 100 miles of railroad tracks through southern Indiana. The proposal from Louisville& Indiana Railroad and CSX Transportation would allow the line between Indianapolis and Louisville, Kentucky, to handle larger and faster freight trains.
INDIANAPOLIS— The Indiana Department of Labor reports the number of workplace deaths in Indiana was up in 2013, but it was still the third-lowest number of fatalities recorded in the past 22 years. The Labor Department reports there were 123 worker deaths last year.
Revamped U.S. refineries are absorbing heavy Canadian crude and new oil-rail terminals built by companies like Gibson Energy Inc and Canexus Corp are loading trains to deliver crude to markets across North America, and potentially abroad, limiting the downturn and keeping prices buoyant compared to the past seasons.
RICHMOND, Va.— Dominion Resources is planning to buy two solar projects in California. The projects in Kings, Kern and Marin counties in California would add 42 megawatts of solar power to its portfolio.
INDIANAPOLIS— Rising income inequality in the U.S. appears to be slowing tax revenue growth in Indiana and other states, according to a new report by the credit rating agency Standard& Poor's.
INDIANAPOLIS— Hundreds of workers protesting what some are calling fast-food-like wages walked off the job Saturday at a Lear Corp. plant in northwest Indiana that makes automotive seats, beginning a strike that could affect a major Ford assembly plant in Chicago.
Sept 12- Eli Lilly and Co's Cyramza stomach-cancer drug prolonged survival of patients with advanced colon cancer in a late-stage study, the U.S. drugmaker said on Friday. The 1,000- patient global study, called RAISE, involved patients who had previously failed to adequately benefit from Roche Holding AG's Avastin and other standard treatments.
INDIANAPOLIS— Eli Lilly and Co. said Friday its potential colorectal cancer drug Cyramza helped patients on chemotherapy with advanced cases of the disease survive longer than patients on chemotherapy alone.
WASHINGTON, Sept 11- State attorneys general working to determine whether Comcast Corp's deal to buy Time Warner Cable Inc is legal have expanded their investigation to include AT&T Inc's plans to buy DirecTV, according to sources close to the merger probe.
WASHINGTON, Sept 11- U.S. corn and soybean production in 2014, already pegged at record highs, will be higher than expected a month ago and somewhat above trade expectations, the U.S. government said on Thursday, triggering a swift drop in Chicago grain markets.