New Energy Corp. shut its ethanol plant in Indiana last week because of high corn prices and inventories amid lower fuel demand, the South Bend Tribune reported today, citing the company’s president.
College football’s new Hall of Fame is $19 million short of its $50 million funding goal, eight months before the facility’s scheduled groundbreaking in downtown Atlanta.
A federal appeals court in New Orleans set an expedited hearing date for arguments over whether to lift a moratorium on deep-water drilling. The hearing is scheduled for July 8.
New Energy Corp., the operator of an ethanol plant in South Bend, Indiana, filed for bankruptcy protection with plans to sell its assets.