A Washington D.C. judge declined to grant an injunction sought by a group of individuals and small businesses who claim Obamacare subsidies are unlawful.» Read More
The head of the National Urban League outlines a plan to close the economic divide that's crippling U.S. cities.
Interest rate swaps - sold as a way to save money on public financing - have turned into municipal bombs.
*Subaru exec says Toyota decision a surprise-reports. DETROIT/ TOKYO, Nov 15- Fuji Heavy Industries, the makers of Subaru cars, said on Friday it would stop assembling Toyota Motor Corp's Camry at its Indiana plant and use the spare capacity to build its own cars.
NEW YORK, Nov 14- An expert witness testified on Thursday that Bank of America Corp's proposed $8.5 billion settlement with mortgage bond investors is "not reasonable" and rife with conflicts of interest, as opponents made a final push to derail the deal.
NEW YORK, Nov 14- An expert witness testified on Thursday that Bank of America Corp's proposed $8.5 billion settlement with mortgage bond investors is rife with conflicts of interest, as opponents made a final push to derail the deal.
Nov 14- Eli Lilly and Co said it will invest more than $700 million to boost its insulin manufacturing capacity in Puerto Rico, France, China and the United States. The company's traditional stronghold has been its diabetes treatments, but the sales of its drugs have been suffering due to increasing competition from companies including Denmark's Novo Nordisk.
Nov 12- Global Aviation Holdings Inc may not be a household name, but it should be familiar to bankruptcy lawyers. Global Aviation or previous incarnations filed bankruptcies in 2004 and 2006 in the Southern District of Indiana and last year in the Eastern District of New York.
Gary's underused Genesis Convention Center, for example, cost the city $3.6 million in repairs and operations in the past year alone.
Nov 7 (Reuters)- James River Coal Co idled four more mines in Central Appalachia and temporarily laid off about 200 employees as the company looks to shore up its precarious cash position amid weak coal prices. "The balance sheet continues to be the critical issue to watch for James River Coal," Simmons& Co analyst Bill Herbert said in a note.
Nov 7- James River Coal Co said it idled four mines in eastern Kentucky in Central Appalachia and temporarily laid off about 200 employees as coal prices fall further. James River Coal shares were down about 0.5 percent in trading before the bell, after the coal miner reported a slide in shipments and a bigger loss for the third quarter.
Nov 6- Duke Energy Corp, the largest U.S. power company, posted a lower-than-expected quarterly profit on Wednesday, primarily due to wet, cool weather in North and South Carolina that reduced demand for air conditioning. Third-quarter net income was $1 billion, or $1.42 per share, compared with $594 million, or 85 cents per share, a year earlier.
Piper Jaffray& Co, the bank that arranged the sale of the $41.8 million of bonds in 2008 and one of the largest underwriters in the $3.7 trillion municipal bond market, was also fined $300,000, the SEC said. The developer, its former president and the top banker on the deal were also fined, and a district staff member was rebuked, the SEC said.
Agribusiness giant Cargill Inc on Monday said it restarted a plant in Fort Dodge, Iowa, that the company purchased in 2011 from corn processor Tate& Lyle. The announcement came as Noble Group Ltd said it will soon restart an Indiana ethanol plant that was shut for a year while another facility that was idled for five years in Ohio came back online last month.
*U.S. Labor Department guidance has varied over the years. In a case that could effect unionized workers in poultry processing, meat packing and other sectors, roughly 800 current and former workers at the United States Steel Corp plant in Gary, Indiana, are seeking the extra pay.
Nov 4- Steel workers who do their jobs wearing flame-retardant gear tried to convince the U.S. Supreme Court on Monday that they should be paid for the time they spend "donning and doffing" such items before and after their shifts.
*Subaru maker Fuji Heavy raises full-year profit forecast 40 pct. *Subaru output capacity topped up for sixth time in barely a year.
The decision is a blow to Hamilton, long the center of Canada's steel industry, which has been hit hard by plant closures over the last decade. "It is disappointing, very disappointing for both our workers and the community in Hamilton that has a long history of making good steel," said United Steelworkers spokesman Tony DePaulo.
TORONTO, Oct 29- United States Steel Corp said on Tuesday it will permanently shut down iron and steelmaking operations at its Hamilton, Ontario, mill at the end of this year. The company's mills in Hamilton and Nanticoke, Ontario, were the subject of a legal dispute between U.S.
*Says weakness in mining and India main culprits. The Columbus, Indiana- based company said sales of all its products had also contracted sharply in India in the most recent quarter as a result of declining business confidence and manufacturing activity there.
LONDON, Oct 29- BP Plc's upgraded 405,000 barrel per day Whiting refinery in Indiana will not reach full production until the first quarter of 2014, its quarterly results showed on Tuesday, an apparent slippage in the ramp-up timetable. But analysts said that in previous briefings, BP has said Whiting would deliver a full year of profits in 2014..