nwitimes.com - Business Briefing
Wednesday, June 24th, 2020
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Steel production has fallen 18.4% in 2020, largely because of coronavirus

Steel production has plunged by 18.4% for the year, while steel capacity utilization is down 25 percentage points as compared to the same time last year, largely as a result of the coronavirus pandemic. Read more

NWI Business Briefing

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TCU acquires New Buffalo Savings Bank

TCU acquires New Buffalo Savings Bank. Read more

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Utility ordered to pay $53M fine for blasts that killed 1

A utility company owned by Merrillville-based NiSource was ordered to pay a $53 million fine for causing a series of natural gas explosions in Massachusetts that killed one person and damaged dozens of homes. Read more

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Region residents awarded U.S. Steel scholarships

Seven Region residents are among 35 students across the country who have earned scholarships from the United States Steel Foundation. Read more

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Ameristar Casino to permanently lay off 127 workers because of COVID-19 restrictions

Ameristar Casino in East Chicago warned the state of Indiana it plans to permanently lay off 127 workers this fall as a result of the coronavirus pandemic. Read more

National Business Briefing

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IMF downgrades outlook for global economy in face of virus

WASHINGTON (AP) — The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. Read more

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US agency probes touch-screen failures in Tesla Model S

DETROIT (AP) — Complaints that Tesla's giant touch screens can fail have drawn the attention of U.S. safety regulators. Read more

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Croatia sets border restrictions for other Balkan countries

ZAGREB, Croatia (AP) — Croatia on Wednesday announced border restrictions for the citizens of several other Balkan countries after a spike in cases of the coronavirus and an outbreak at an exhibition tennis tournament organized by top-ranked Novak Djokovic. Read more

IMF says initial deal reached with Sudan to reform economy

CAIRO (AP) — The International Monetary Fund said Wednesday it has reached an initial agreement with Sudan’s transitional government on a reform deal to help the African nation face daunting economic challenges that threaten its transition to democracy even as it battles the coronavirus pandemic. Read more

Greece slams Turkey's actions in Aegean, eastern Med

ATHENS, Greece (AP) — Greece’s foreign minister accused Turkey on Wednesday of undermining stability and security in the eastern Mediterranean and causing problems with all of its neighbors, while also violating Greek airspace and territorial waters daily. Read more

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Tax Refund Delays Are Happening at the Worst Time. Here's Why.

Americans are desperate for money, yet are stuck waiting even longer than usual to get their hands on their tax refunds. Read more

Franciscan AlliancePeoples BankPurdue NorthwestNIPSCOMeyers Glaros Group
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