STORY OF THE WEEK

2013-08-18T00:00:00Z STORY OF THE WEEK nwitimes.com
August 18, 2013 12:00 am

Steelmakers looking to cut costs

ArcelorMittal and U.S. Steel have been working on streamlining operations after a prolonged economic slump has kept them from being profitable, and the Pittsburgh-based steelmaker plans to review labor costs at all its facilities.

U.S. budget deficit down 37.6 percent through July

The government on Monday reported a $97.6 billion deficit for July but remains on track to post its lowest annual budget gap in five years. July's figure raises the deficit so far for the 2013 budget year to $607.4 billion, the government says. That's 37.6 percent below the $973.8 billion deficit for the first 10 months of the 2012 budget year.

Pence to lead trade mission to Japan

Gov. Mike Pence will say sayonara to Indiana next month when he embarks on his first overseas business trip as the state's chief executive. The Republican is set to head a delegation of Hoosier business leaders and state commerce officials on a nine-day trip to Japan, including stops in Tokyo, Nagoya and Tochigi Prefecture -- Indiana's Japanese sister-state.

Maintenance project planned at Whiting Refinery next year

Work on the $3.8 billion modernization of BP's Whiting Refinery will wind down this year, but a big maintenance project on a gasoline-producing unit is slated for early next year. The London-based energy giant plans to overhaul one of the refinery's fluid catalytic cracking units during the first half of next year, according to published reports.

The show will go on at the Town Theatre

Generations of Northwest Indiana movie-goers knew the familiar routine at Highland's Town Theatre, where the red velvet curtains closed and the picture faded halfway through the film.

Gary has nowhere near the debt of bankrupt Detroit

When Detroit filed for the largest municipal bankruptcy in U.S. history, it called up recent memories of Gary going before the Distressed Unit Appeals Board year after year.

Gap has closed at Westfield Southlake Mall

Northwest Indiana residents will have to turn elsewhere to find pleated khakis and crewneck sweaters, if they used to shop at the Gap store in the Westfield Southlake Mall. San Francisco-based Gap Inc. has closed the Gap in Hobart, as part of an ongoing strategy to shrink the clothing store's footprint in North America and grow it internationally

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