Business

Business news

Sarah Fentem / WBAA

10:00 p.m. Tuesday Update:

Some Tippecanoe County residents are hoping the Indiana Department of Environmental Management will hear them when they say a utility company’s expansion plan is bad news for the environment.

Private wastewater utility company American Suburban Utilities, which provides service to many residents on northwest of West Lafayette, has submitted a permit application that proposes to more than double the capacity of its Carriage Estates Treatment Plant, a move residents are opposing on both environmental and more pragmatic grounds.

Alan Berning / https://www.flickr.com/photos/14617207@N00/2621375759

Duke Energy is petitioning state regulators to allow for a 6 percent rate increase to pay for updates to its electric grid.

The electric company’s proposal to the state’s utility regulatory commission says the gradual six-year increase will pay for improvements to the power system, such as installation of so-called “self-healing” systems that quickly re-route power and isolate outages and digital meters.

Ben Loehrke / https://www.flickr.com/photos/benloehrke/

After more than a year of delays, the Environmental Protection Agency has released numbers for the Renewable Fuel Standard, or RFS—the amount of biofuel which must be to be blended into the nation’s gas supply —for the years 2014, 2015 and 2016.

The numbers are up, and that’s big news in Indiana, one of the largest ethanol-producing states in the nation.

Flazingo Photos / https://www.flickr.com/photos/124247024@N07/

Indiana’s unemployment rate declined for the eighth consecutive month in October, hitting a 14-year low in the Hoosier State. 

The Indiana unemployment rate fell to 4.4 percent last month, the lowest level since August of 2001. 

The state’s private sector added jobs for the seventh time out of nine months in 2015 – though October’s additions were modest, merely 100 jobs. 

Gretchen Frazee / WFIU

Angie's List executives are betting on themselves, and not taking a proposed buyout.

The company’s board unanimously voted to turn down an offer from InterActiveCorp, agreeing that it wasn't in the best interest of shareholders. It was a decision they had seemingly reached before last week when IAC leaked details of its acquisition proposal to the public, in an effort to involve Angie's List stockholders in the decision.

Indianapolis Financial Advisor Pete Dunn says it’s typical for companies to ramp up pressure when their initial offers don't seem to have much traction.

Holy Meatballs! IKEA Coming To Indiana

Nov 10, 2015
IKEA

Hoosiers should start fishing out their allen wrenches from the back of the junk drawer…because Indiana is getting its own IKEA.  Indiana residents have had to trek north to Chicago or east to Cincinnati to buy a bed with an difficult-to-pronounce name and enjoy the chain's signature Swedish meatballs, but in two years they’ll be able to visit the Scandinavian furniture behemoth’s new location in Fishers.

IKEA Spokesman Reed Lyons says they chose Fishers because they needed a large plot of land in an area that would draw customers statewide.

Subaru of Indiana Automotive

A fourth vehicle model is set to be manufactured at Lafayette’s Subaru of Indiana Automotive plant beginning in 2018.

SIA officials announced Monday that a new larger three-row crossover model will be added to the production line, effectively replacing the Tribeca, which is no longer manufactured.

Beyond that, little is known about the unnamed vehicle, including how the plant will expand to increase production or how many jobs might be created.

 The state of Illinois recently released a statement saying any large lottery payouts would be delayed because of the state’s ongoing financial issues -- Good news for the Hoosier Lottery and their retailers.

Back in July, Illinois capped lottery payouts at 25,000.

But with a budget impasse ongoing in the Illinois statehouse, the state’s lottery officials have now lowered that number to $600.

This has Illinois lottery players looking elsewhere, and Hoosier Lottery retailers have been happy to help.

Sarah Fentem / WBAA

Many roads in Indiana were originally known as “farm-to-market” highways—their primary purpose was to transport crops to city centers. That designation has been lost to history and now for farmers, something as short as a three-mile drive can be an ordeal.

During fall in America’s heartland, a person is almost guaranteed to see a combine.

Sometimes they’re at the front of a long line on the highway, with cars stretching out behind.

the Indiana Insider Blog / VisitIndiana.com

Indiana is the fifth-largest pork producing state in the nation as measured in sales, producing $1.3 billion worth of pork annually. Pork tenderloins are considered by many to be the unofficial Hoosier state food. So this week’s much-talked-about report showing a link between processed meats and cancer could strike fear into the hearts of pork producers. Except...it's not.

Purdue Agricultural Economics professor Jim Mintert says one report probably isn’t going to affect consumer attitudes toward processed meats. But depending on what happens in the future, that might change.

Pages