Last UpdatedTHU., JULY 29, 2010 - 4:31 PM
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Bren Simon deposition sheds light on family feud

10:45 am
Bren Watch VideoA judge is scheduled to hear final arguments Thursday over whether Bren Simon should remain as trustee for her late husband's roughly $2 billion estate. A video deposition has provided a glimpse into ugly family conflicts. More.

Emmis, Colts hire ex-Q95 jock 'Mad Dog' Matis 03:52 pm

Anthony Schoettle
Jimmy "Mad Dog" Matis, who was fired after 23 years at Q95 earlier this year, finds a new gig—in sales—at Emmis. He also will do the Colts post-game show with Barry Krauss.More.

Lauth moving HQ to North Meridian office building03:07 pm

Lauth Group Inc. will relocate its headquarters to a North Meridian Street office building as part of a bankruptcy court settlement, the company announced Thursday afternoon. More.

LEADING QUESTIONS: Burd Ford flies after tragedy02:36 pm

Mason King
Burd_WatchVideoRichard Burd's suicide in 2009 led to renewed focus and shrewd cost-cutting at the family auto dealership. For widow Christine Burd, piloting Burd Ford to profitability is both heartening and heartbreaking. More.
JULY 26-AUG. 1, 2010
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Lawsuit targets Simon's leasing tactics

One of Indiana’s largest privately held developers is suing Simon Property Group Inc., alleging the nation’s largest mall owner abused its “market power” to bully two national retailers into backing out of leases at a lifestyle mall near Mishawaka.More.

High-end home market hits foreclosure lullRestricted Content

Until this year, Indiana's foreclosure epidemic knew no demographic boundaries. But suddenly that’s changed. Since March, not a single foreclosure on a house priced at $1 million or more has been filed in the Indianapolis area—a possible sign of better times for uber-expensive homes.More.

Federal agents' raid hits University Loft at tough timeRestricted Content

Military contracts have helped shore up sagging sales at University Loft Co., the furniture maker federal agents raided two weeks ago. Still, University Loft's work force is almost 50 percent off its recent peak.More.

Retailers gain upper hand in negotiations with landlordsRestricted Content

Shop owners realize that landlords, already facing rising vacancies, are sometimes willing to sacrifice financially to keep properties filled and vibrant.More.

Mind Trust education fund launches national networkRestricted Content

The organization uses its money to lure national reform programs like Teach for America to the city and to fund education entrepreneurship fellows to launch innovative programs for schoolchildren in Indianapolis.More.

Daniels criticized for lopping costs on I-69 extension

Detractors of new-terrain route say cost cuts undermine economic development premise for extending the interstate.More.

'Landstory' name opens new chapter for firmRestricted Content

Moniker reflects ownership change years earlier, better description of company's focus.More.

Local building permits drop; national home building falls

Locally, the number of building permits filed in the nine-county Indianapolis area fell by 20 percent in June while home construction plunged nationally to the lowest level since October.More.

LOU'S VIEWS: Record-breaking artist offers the vinyl word on music stars

Seen from a distance, Lobyn Hamilton’s work might seem like something you’d find in a music shop—simple, faithful re-creations of familiar portraits of the likes of Jimi Hendrix and Bob Dylan. Get a little closer, though, and the medium becomes part of the message.More.

HETRICK: Hoosier thrillers should stay on the pageRestricted Content

Reading Indiana crime fiction is great for vacation. Learning of true Indiana crime isn't.More.

EDITORIAL: Timid talk won't stop violence during Indiana Black Expo

The violence that sometimes erupts on the streets of downtown during Summer Celebration’s final weekend can no longer be tolerated.More.

MARCUS: Is suburbia the root of all evil?

Once upon a time, school transportation eased the journey of farm kids going to school. Today, it’s a massive subsidy for suburban kids whose parents have chosen to live far from a school in a place without sidewalks.More.

SKARBECK: Financial overhaul law leaves much uncertaintyRestricted Content

The public, to no surprise, is skeptical that the new regulations will succeed. A Bloomberg poll shows nearly four out of five Americans have little confidence the measures will prevent a crisis.More.

Employees drive company success

Mickey Maurer’s [July 12] column on choosing the right people is so “right on.”More.

Fieldhouse could have life without Pacers

The IBJ and others keep repeating that, should the Pacers leave, the city would be stuck with paying $14 [million]-$18 million a year in fieldhouse operating costs. Are you all assuming the facility will sit vacant? Come on.More.

Dallara will further Speedway renaissance

Bringing Dallara to Speedway is a big win, not only for the Indy Racing League but for the town of Speedway and the Speedway Redevelopment Commission.More.

International Violin Competition of Indianapolis releases iPhone app for virtual front seat

The app will feature news, past laureate recordings, videos and access to the 2010 schedule, IVCI officials said.More.

Ripple Inn, Sinking Ship among new restaurants planned

Among the four eateries on the way, two are local ventures and two are chains.More.

Wolf Technical Services wins Army Corps contract

The company has been hired to refine technology that detects whether a vehicle might be carrying suspicious cargo, including explosives.More.

People in the News - July 26, 2010

People listings are free.More.

Local investors make big bet on senior housingRestricted Content

With the first baby boomers set to turn 65 in six months, investments in senior housing are heating up. A group of Indianapolis-area professionals—including Mark Waterfill (left) and Tony Schantz—have banded together to launch three senior housing projects around the state, spending $49 million and looking to do more.More.

Big budget cuts will make for bitter state politics

As Indiana's reserves dwindle toward zero and federal stimulus money disappears, trying to keep political debate friendly and the budget in the black will be quite a challenge. Half a year before they must craft the next state budget, Democrats and Republicans already are squabbling.More.

Indianapolis City Ballet organizers proceeding slowlyRestricted Content

Local arts patrons Jane Fortune and her longtime partner Robert Hesse started City Ballet in the spring of 2009, but it was more of a pitch than a reality. More than a year later, organization leaders are still not sure when they will hire their own dancers.More.

Indianapolis Indians scoring sponsorship, attendance increases

Minor-league baseball team could be in line to register another $1 million profit thanks to improvements in sponsorship sales and attendance.More.

Indianapolis Star to be laid out in Louisville; local jobs likely lostRestricted Content

Virginia-based Gannett Co., the Star’s parent company, this month informed employees of a plan to move layout and design work for its 83 dailies to five regional design hubs.More.

Opponents claim I-69 extension a drain on other road projects

Some opponents of the Interstate 69 extension says it’s not too late to kill the project even though concrete has been poured for two miles in southern Indiana, and another 60 miles or so is under construction or in an engineering phase.More.

SHOUP: Emancipation is near for independent contractorsRestricted Content

State regulators are gearing up to crack down on companies thought to be treating people as though they are independent contractors instead of employees.More.

Building demolition to begin along Interstate 69

Bulldozers await an office complex that previously served as headquarters to August Mack Environmental. It'll be the first building demolished along Interstate 69 to make way for highway expansion.More.

DINING: Blu lunch just pretense for dessert

At Blue Moon Cafe, the difficult-to-resist pastry case is right inside the front door.More.

BENNER: Still pulling for Tiger in spite of his transgressionsRestricted Content

Let me be the last (quasi) sports journalist in America to weigh in on Tiger Woods.More.

MAURER: Low barriers to entry breed business competitionRestricted Content

Based primarily upon hard lessons learned, I developed “The Ten Essential Principles of Entrepreneurship that You Didn’t Learn in School”—at least I didn’t learn them in school. This is Lesson 2.More.

GROSSMAN: Bill Gates wants to spend your money

Just as the government built an atomic bomb during World War II, the government should spend billions of dollars to create the energy innovations for a low-carbon economy, according to Gates and friends.More.

HICKS: What we can learn from forecasting blundersRestricted Content

It begs the question, just what should economists be expected to know and how should we explain it?More.

Maurer's employee column was spot-on

Without a doubt, it is people that will either make or break you. Their success will absolutely determine yours.More.

Keep government hands off of Internet

Tim Altom, in his July 19 column, replays the tired populist argument in favor of Net Neutrality, while furthering the myth that government regulation magically makes things “fair.”More.

Medicare driving health care hookups

The scramble by local hospitals to form their physicians and facilities into “clinically integrated” networks that can do business with employers and health insurers has another huge motivating factor: Beginning January 2012, they can also do business with Medicare, the massive federal program for seniors.More.

Habitat for Humanity builds green house in Cottage Home historic neighborhood

The house in the 1300 block of East Ninth Street is the first low-income home in the state to achieve platinum LEED certification.More.

Indianapolis native Marie Johns named SBA deputy administrator

The U.S. Senate recently confirmed her appointment to the No. 2 job.More.

PROXY CORNER: WellPoint Inc.

WellPoint Inc. is one of the nation's largest health insurance companies and sells its products primarily under the Blue Cross Blue Shield brand name.More.

Records - July 26, 2010

Listings from the July 26, 2010, issue of IBJ.More.
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Bond swaps cost city units $93M in penalties

Wall Street bankers for decades sold municipalities like Indianapolis on debt instruments called swaps as a safe way to reduce borrowing costs and hedge against rising interest rates. In reality, the swaps were complicated bets that relied on misguided assumptions, and taxpayers paid.More.
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SPECIAL REPORT: Brizzi ordered lenient deal for business partner's client

Marion County Prosecutor Carl Brizzi last year intervened in a major drug case to offer a reduced sentence over objections from both law enforcement officers and his own deputy prosecutors.More.
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Related-party loans pile up at Durham-owned finance firm

Indianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven years ago, and now he, his partners and related firms owe it more than $168 million, records show.More.

Grad students dream up plans for mass transitRestricted Content

Architecture and urban design students from Ball State have created a vision for urban renewal that is arguably more compelling than the Central Indiana Regional Transit Authority's principal, utilitarian goal of reducing northeast-side highway congestion and air pollution by running a diesel commuter train atop the old Nickel Plate Railroad corridor.More.

Hospitals suffer from spiking bond interest rates, investment lossesRestricted Content

Indianapolis-area hospitals have suffered a double whammy of spiking interest rates on their bonds and heavy losses in their investment portfolios and are trying to save cash any way they can.More.

SPECIAL REPORT: Charter Homes draws scrutiny for odd sales claims, multiple liens

Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.More.

At most Indiana public firms, CEO pay hasn't fallen with stockRestricted Content

Most public companies say they tie executive compensation to performance, but an IBJ review of pay data from 65 Indiana-based firms shows otherwise. Last year, more than two-thirds of Indiana-based public companies saw their share prices decline, yet many continued to award eye-popping compensation to their executives.More.

SPECIAL REPORT: Financial travails dog 'mystery man' at helm of Premier Properties

An IBJ review of hundreds of pages of public records shows Christopher P. White and his Premier Properties USA Inc. are facing major financial and legal challenges. The most glaring signs of trouble: Contractors have filed more than $3.5 million in liens against Premier’s retail properties in Plainfield; the state of Indiana is trying to recover $375,000 in sales taxes on White’s airplane; and the contractor who renovated his Lake Clearwater mansion is suing him to recover more than $600,000 in unpaid bills.More.
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Soft Landing: Pay slipped for most execs in 2009, but cuts weren't deep

Top executives at Indiana's public companies have largely been insulated from the economic crash. IBJ's review of executive pay found that, although 131 of the 238 executives listed in proxy statements the past two years saw annual compensation fall in 2009, only 10 experienced cuts of more than $1 million.More.
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Brizzi's lease deals benefited friend, donor

Records show Marion County Prosecutor Carl Brizzi directed lucrative work for the Prosecutor's Office to his friend, business partner and political contributor John Bales.More.

Half of state's public-company CEOs saw pay rise in 2008

For investors, 2008 was the worst year since the Great Depression. Even so, more than half of the state's public-company executives saw the value of their pay packages rise from 2007—despite the fact that only 10 of the companies posted a positive total return in 2008, and 46 companies shed more than one-third of their stock market value.More.

Simon family's interests helped city thrive, but taxpayers paid the price

The Simon family's role in building the city has come at a steep price for taxpayers. Simon and its business interests in the last 20 years have collected local government incentives worth more than $400 million, an IBJ tally of those deals shows.More.

Indianapolis shows up peer cities in attracting the young and educated

Cities must woo people while they’re young—in their 20s or early 30s—because after that age, people tend to hunker down. The Indianapolis area apparently appeals to at least two key groups of young people—particularly those already married, according to a new study by researchers at IUPUI.More.

IUPUI faces tough decisions over aging sports facilities

IUPUI is grappling with how to pay for upkeep and improvements necessary to keep its three world-class athletic facilities—and the city—in the hunt for high-profile sporting events.More.

SPECIAL REPORT: Center Township trustee taps taxpayers for millionsRestricted Content

At an aging building at 863 Massachusetts Ave., they pass through a metal detector and wait in line to show a clerk their identification and copies of overdue bills. Center Township Trustee Carl Drummer sometimes helps. The Trustee's Office received an average of $6.9 million each of the last seven years, mostly from taxes, to provide poor relief-now known as township assistance. But only about $2 million reached the penniless each year, with much of the difference covering administrative overhead....More.

SPECIAL REPORT: Critics question trustee's property portfolio given mission to help needyRestricted Content

It sits across Massachusetts Avenue from a strip of art galleries and shops, on increasingly valuable land merchants would love to see transformed. "Having an abandoned building in your neighborhood isn't a good thing, and that's what it looks like," said Tom Battista, who owns the retail strip just north of College Avenue. The multimillion-dollar Mass Ave property is one of 16 mostly untaxed parcels the township owns. All told, Center Township's real estate holdings are worth more than $10...More.
Last UpdatedTHU., JULY 29, 2010 - 11:13 AM

Investors fear insurers' rosy outlook will boost regulators' scrutiny06:47 am

Indianapolis-based WellPoint Inc. became the third U.S. health insurer this month to increase its 2010 profit forecast, stirring investor concern that state and federal regulators may increase scrutiny of industry pricing.More.

Kokomo GM plant 'assessing' business operations

GM spokesman Kevin Nadrowski says officials at the Kokomo Integrated Circuit Fab plant met with 375 workers Wednesday to say they're "assessing the business model at the plant based on recent business developments."More.

Franklin manufacturer to build plant in Tennessee

NHK Seating of America's plant in Murfreesboro is expected to employ up to 224 workers when all phases of production are operating in 2015.More.

Feds: Texas pastor misused loan for Indiana church

A Houston minister accused of using money borrowed to build a new church to buy a mink coat and a Mercedes Benz missed his initial hearing in Indianapolis on Tuesday.More.

Pennsylvania, Indiana top Nevada in gambling taxes

Pennsylvania's tax revenue from commercial casinos approached $1.1 billion in the fiscal year that ended June 30. Indiana was second with $878 million and Nevada third with $831 million.More.

BP: Hayward out as CEO

BP PLC says Tony Hayward will step down as chief executive officer on Oct. 1, to be succeeded by American Robert Dudley.More.

Vehicle fumes make dozens ill at industrial park

About 100 Lockheed Martin were overcome by exhaust fumes that came from a semi-tractor for an IndyCar team that was switching trailers at the industrial park building near Indianapolis International Airport.More.

New home sales up nationally, but pace remains slow

The housing market had boomed earlier in the year on the strength of federal tax credits. Since they have expired, the number of people looking to buy has dropped even with the lowest mortgage rates in decades.More.

Ganassi earns 'triple crown' with Daytona-Indy-Brickyard wins

With Jamie McMurray's victory in the Brickyard 400 on Sunday, owner Chip Ganassi claimed the first team triple crown in American auto racing: winning the Daytona 500, Indianapolis 500 and Brickyard 400 in the same year.More.

McMurray wins Brickyard after Montoya falters

The win was huge for Earnhardt-Ganassi Racing, which this time last year was struggling to prove the team was stable and capable of competing for wins. On Sunday, Chip Ganassi became the first team owner to win the Daytona 500, Indianapolis 500 and Brickyard 400 in the same season.More.

Small business lending measure clears filibuster

Community banks may soon be able tap a $30 billion government fund to help them increase lending to small businesses.More.

Deal sets way for recall of 25 Muncie firefighters

Muncie's mayor says 25 laid-off firefighters will soon be back on the job after the city reached a deal to provide fire protection for some areas outside the city limits.More.

UPDATE: Patent expirations overshadow Lilly profits

Investors are focused on whether Eli Lilly and Co. can continue dividend payments when patent expirations hit in the new few years and whether the company's drug development pipeline can replace lost revenue.More.

Elevated jobless claims point to weak labor market

The sharp increase comes after claims fell steeply two weeks ago to their lowest level since August 2008. But much of that drop was driven by temporary seasonal factors and not an improving job market.More.

Historic financial overhaul signed into law by Obama

Rep. Mike Pence of Indiana, a member of the House GOP leadership, on Wednesday joined House Minority Leader John Boehner of Ohio in calling for the law's repeal.More.

Jobless benefits bill would aid 80,000 Hoosiers

A bill advancing in Congress that would restore unemployment benefits for millions of Americans could help about 80,000 Indiana residents who have been out of work more than six months.More.

Auto plant's 300 jobs draw 3,000 applicants

The response to openings at a Chrysler transmission plant in Kokomo reflects the large number of people out of work, a union official said.More.

Indiana accused of cutting aid to food stamp users

Indiana Family and Social Services Administration attorneys do not believe federal law was broken when officials balanced food stamp payments against a state-run supplemental aid program.More.

Steel Dynamics profit up, but misses analysts' estimates

Net income was $49.2 million, compared with a net loss of $16 million a year earlier, the Fort Wayne-based steelmaker said Monday in a statement.More.

Indiana working on phosphorous limits for lakes

The Indiana Department of Environmental Management says the rule would impact sewage treatment plants upstream of lakes.More.

Economists say recovery continues, but pace slows

Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and fewer cutting jobs, but the pace of growth has slowed, a new survey shows.More.

Ten wounded in shootings during Black Expo

The victims from three shootings Saturday night in a downtown crowded with visitors for Indiana Black Expo were reported to be in good condition on Sunday. Eight were shot in the initial round of gunfire near Circle Centre mall.More.

Ex-Indiana University player Leary pleads guilty in fraud

Todd Leary of Carmel pleaded guilty in court Thursday to a felony charge of misappropriating title insurance escrow funds. His agreement with prosecutors calls for him to face up to three years in prison, with that cut in half if he pays nearly $295,000 in restitution.More.

Indiana Medicaid chief: Feds leave states in dark

Indiana and other states face a struggle as they grapple with putting the health care changes into place in a relatively short span of time while they also contend with the economic downtown and strained state budgets.More.

Homes lost to foreclosure on track to top 1 million this year

Nearly 528,000 homes were taken over by lenders in the first six months of the year, a rate that is on track to eclipse the more than 900,000 homes repossessed in 2009.More.

Dallara plans $7M facility in Speedway for IndyCar

The racing company's only operations outside of Italy could create more than 80 new jobs in the Indianapolis area.More.

Ruling on Visteon retiree benefits overturned

In overturning two lower court decisions, a three-judge panel of the 3rd U.S. Circuit Court of Appeals in Philadelphia unanimously agreed with attorneys representing some 2,100 retirees from two Visteon manufacturing plants in Indiana.More.

Attorney general says schools can't charge bus riders

The opinion presents a complication for districts like Franklin Township Schools on the south side of Indianapolis, which had been counting on charging a bus fee of about $75 per rider beginning this fall.More.

Children's Museum to offer preschool

Tuition will range from $350 to about $1,050 a semester depending on the number of days a child attends.More.

Purdue steps up efforts to halt illegal downloads

The Higher Education Opportunity Act requires schools to fight illegal distribution of copyrighted material and educate campus communities about the issue. Schools that don't comply risk losing their eligibility for federal student aid.More.

Autistic Indiana man sues social services agency

Lawsuit alleges Indiana's social services agency illegally counts food stamps as income, resulting in a reduction of state benefits paid to developmentally disabled people in a Medicaid waiver program.More.

Shifts at state hospitals to cut 500-plus jobs

The Logansport State Hospital will have 355 workers laid off and 80 vacant positions eliminated under the plan, while 106 people will lose jobs at the Richmond State Hospital.More.

Richmond factory being closed by new owner

Engineered Plastic Components decision will cost 75 workers their jobs at the former Innatech plant.More.

Firework permits down, more private shows expected

State officials expect more backyard fireworks shows this year because budget problems have forced many municipalities to cancel large professional fireworks displays.More.

Cummins looks to boost India sales by 40 percent

Cummins Inc., the Columbus-based maker of diesel truck engines and generators, expects to boost India sales about 40 percent this year as economic growth spurs road traffic and demand for electricity.More.

Senator: For-profit colleges require tougher oversight

For-profit colleges like ITT Technical Institutes need tougher oversight and regulation, according to a report from a Democratic Senate committee chairman that questions the industry’s advertising spending, tuition costs and reliance on taxpayer money.More.

Ohio plant eyes Indiana to avoid environmental rule

Ohio's governor has asked state environmental regulators to come up with a way to save 214 jobs at a northwest Ohio plant that is considering a move to Indiana.More.

National new-home sales plunged to record low in May

Purchases of new homes in the United States fell in May to a record low as a federal tax credit expired, showing the market remains dependent on government support.More.

Toyota adding 100 workers at Indiana factory

The hiring follows Toyota's announcement this month that it would move some of its Highlander SUV production from Japan to the Princeton plant.More.

Bloomington Brewing Co. planning expansion

A small brewery in southern Indiana plans to start selling its beer around the state as a new facility will boost its production capacity by 1,000 percent.More.

New federal rules target for-profit college recruiting

The Obama administration proposed banning for-profit colleges, including Carmel-based ITT Educational Services Inc., from tying recruiters’ pay to the number of people they enroll, saying high-pressure sales tactics induced students to take out government loans they can’t afford.More.

Auction to sell items from former money manager

The court-ordered auction includes a motorboat, jet ski and a $30,000 diamond ring, as well as a motorcycle that Marcus Schrenker used to flee police.More.

IU falling short of funds to properly maintain buildings

University officials told trustees a $17 million annual shortfall will lead to higher expenses later.More.

City eyes Big Ten football championship game

Addition of University of Nebraska to conference in 2011 will lead to football playoff.More.

College athletic conference chaos set to erupt

Nebraska may be heading to the Big Ten, Colorado is leaving the Big 12, and a host of other college athletic moves could be on tap.More.

Indiana teachers unions hope Congress helps states

The leader of Indiana's largest teachers union says if Congress approves up to $300 million for Indiana schools, it could save as many as 7,200 public school employee jobs, including those of Indiana teachers, teaching assistants and bus drivers.More.

Hoosier basketball legend John Wooden dies at 99

Wooden led Martinsville High School to the Indiana state basketball championship in 1927, became an All-American player at Purdue University and went on to win 10 national titles as coach of UCLA.More.

Indiana revenue collections tick up, but miss projections

The State Budget Agency said Thursday that collections through 11 months of the current fiscal year stand about $1 billion below the budget passed by the General Assembly in June 2009.More.

Bidders for baseball stock awaiting auction results

Die-hard Indianapolis Indians fans who bid on shares of the minor-league baseball team's stock will soon know if they own a piece of the club.More.

Franchitti earns $2.8 million for Indy 500 win

Franchitti's earnings were part of an overall purse of $13,592,815. The paychecks were announced at the annual victory dinner Monday at the Indianapolis Motor Speedway.More.

Economic rebound slowed last quarter

The economic recovery last quarter turned out to be slower than first thought, one of the reasons unemployment is likely to stay high this year.More.

Suspended Kruse hopes to keep famous auction going

Kruse's attorney said his 69-year-old client would like to find some way to keep the annual auction alive, possibly by finding another auction company to run this year's event.More.

Governor backs card counter banned by casino

Indiana Gov. Mitch Daniels used the story of a blackjack player's lawsuit in telling Franklin College graduates about using skill to push the odds in one's favor.More.

Girl Scouts to sell Boone County camp, three others

The Girl Scouts of Central Indiana says a study found that the four sites need significant renovations to reach current safety codes.More.

Ivy Tech set to break ground on new downtown building

Ivy Tech Community College is set to start new construction at a former hospital site next to its downtown Indianapolis campus.More.

Jobless claims rise by largest amount in 3 months

Applications for unemployment benefits rose to 471,000 last week, up by 25,000 from the previous week, the Labor Department said Thursday. It was the first increase in five weeks and the biggest jump since a gain of 40,000 in February.More.

Indiana's 812 area code running short of numbers

An April report to the Indiana Utility Regulatory Commission shows that the area code has exhausted 91 percent of its prefixes.More.

Indiana Rep. Souder says he'll resign over affair

Indiana Rep. Mark Souder announced Tuesday he would resign from Congress, effective Friday, because he had an affair with a staffer.More.

Report: WellPoint, Aetna may need relief from cost mandate

The U.S. health overhaul’s mandate that insurers spend 80 percent of premiums on medical care may need to be loosened to keep companies from quitting the market for people who buy coverage on their own, state regulators said.More.

Wine distributor plans Greenwood warehouse

Southern Wine & Spirits plans to spend about $4 million to open a warehouse in central Indiana with more than 50 workers.More.

Voters turn out in light numbers for Indiana primary

The low turnout could be due in part to the number of people who sought ballots early this year. More than 96,000 early and absentee ballots were issued statewide.More.

Rokita wins in Indiana's GOP-heavy 4th District

The race for Steve Buyer's seat became a three-month sprint among 13 candidates after he announced in late January that he would retire after 18 years in Congress.More.

Coats wins GOP nomination for Senate race

In Indiana this fall, Coats will face Democrat Brad Ellsworth, whose nomination is assured. The candidates are seeking the seat held by retiring Democratic Sen. Evan Bayh.More.

37 contested Indiana House races prelude to November

Voters will nominate candidates in more than 30 Indiana House primary races Tuesday, completing matchups for November's general election that will determine control of the narrowly divided chamber.More.

Recession ships more Indiana jobs to other countries

The number of Indiana plants, warehouses and offices sending jobs abroad since the recession began in December 2007 is more than double that of past economic downturns.More.

Governor says Indiana won't increase high-risk insurance pool

Daniels cites unacceptable financial risks to state in announcing federal government will establish such coverage here.More.

Employment costs up 0.6 percent in first quarter

The increase was the biggest quarterly gain since a similar 0.6-percent rise in the third quarter of 2008.More.

Sallie Mae's job cuts spare Indiana, at least for now

Sallie Mae says a new law that cuts banks out of the federal student-loan business is costing 2,500 workers their jobs in Florida and Texas, but the cuts won't hit Indiana in 2010.More.

Judge rejects Guidant's defibrillator plea deal

A federal judge has rejected Guidant Corp.'s guilty plea to charges it hid defects in heart defibrillators, after some doctors and patients complained about the $296 million deal.More.

General Growth hearing delayed to weigh bids

General Growth Properties Inc., the second-biggest U.S. mall owner, said a bankruptcy court hearing on its auction process will be delayed five days to give the company time to consider competing bids, including one from Indianapolis-based Simon Property Group.More.

New helicopters coming for Indiana medical flights

Clarian Health officials on Thursday plan to buy four helicopters as it replaces aircraft in its aging patient-transport fleet.More.

PNC Financial's quarterly profit falls on bailout repayment

PNC Bank has about 80 bank branches and 1,100 employees in the Indianapolis area, all doing business under the National City name.More.

Report: Indiana far short of funding teacher pensions

Indiana is among the nation's five most underfunded teacher pension programs, but low ranking is misleading.More.

Indiana near bottom of heap for 2010 earmarks

Indiana received just over $14 per capita and ranked 48th among all states, down from 43rd in 2009.More.

Duke: New coal plant's cost rises to $2.9B

Duke Energy says the cost of the coal-gasification power plant it's building in southwestern Indiana has risen by $530 million.More.

Expansion set for Camp Atterbury training site

The proposed plan will expand the Indiana National Guard's Camp Atterbury, bring economic development to south-central Indiana, and open a new fish and wildlife area in Putnam County in western Indiana.More.

AIG's American General unit said to be seeking $3B term loan

Bank of America Corp. is arranging a five-year loan that will be sold at a discount of 98 cents to 98.5 cents on the dollar, according to a source who declined to be identified because the discussions are private.More.

Indiana high court hears casino card-counting case

An Indianapolis man sued the Grand Victoria Casino and Resort after it banned him from the blackjack table in 2006. The casino won the suit, but the state appeals court reversed that decision. The casino asked the high court to weigh in.More.

NCAA title game earns best TV rating since 2005

More than 48 million viewers watched at least some of Monday night's game, the most since 50 million tuned in for Arizona-Kentucky in 1997.More.

Butler's near-miss run captivates thousands of fans

It was the third runner-up finish for the city in the past six months. The Indiana Fever lost in the WNBA finals, the Indianapolis Colts lost the Super Bowl and now Butler.More.

Price of scrap metals surge upward

After plummeting along with the rest of the economy, the price of scrap metals is surging upward.More.

Purdue signs Painter through 2016-17 season

Purdue announced Friday that the new contract gives Matt Painter a $1.3 million base salary, plus up to $1 million of incentives for academic, athletic and attendance performance.More.

NCAA puts IUPUI on probation, vacates wins in six sports

The NCAA said IUPUI allowed erroneous eligibility certification for 97 student-athletes from 2003-04 through 2006-07, demonstrating a lack of institutional control and a failure to monitor by the university.More.

Final Four finally gives Butler reason to party

About eight hours after Butler beat second-seeded Kansas State 63-56 to reach the first Final Four in school history, the Bulldogs returned home to a large crowd and loud cheers.More.

Jobless claims drop more than expected

New claims for unemployment benefits fell more than anticipated last week—partially due to changes in the calculations—as layoffs ease and hiring slowly recovers.More.

Conseco seeking to change its name

Carmel-based insurer Conseco Inc. will ask shareholders to approve changing the company’s name to CNO Financial Group, the company said Thursday morning.More.

Lilly sues Hospira over generic version of Gemzar

Indianapolis-based Eli Lilly and Co. sued rival drugmaker Hospira Inc. to prevent it from selling a generic version of the cancer drug Gemzar before a patent on the medicine expires in 2013.More.

State attorney general looks to challenge health care bill

Attorneys general in at least 13 states have signaled they intend to challenge the constitutionality of the legislation in court.More.

Congress passes historic health care bill

To pay for the changes, the legislation includes more than $400 billion in higher taxes over a decade, roughly half of it from a new Medicare payroll tax on individuals with incomes over $200,000 and couples over $250,000.More.

Attorney selected to fill Plowman's City-County Council seat

Republican precinct committee members selected a replacement of Lincoln Plowman, who resigned earlier this month.More.

Anderson schools might cut 200-plus jobs

A central Indiana school district could see 20 percent of its jobs cut for next school year as it works to close a multimillion-dollar budget deficit.More.

Governor signs ethics, slot-withholding laws

Indiana Gov. Mitch Daniels signed 23 bills into law on Wednesday.More.

Visteon judge won't halt benefits termination

An attorney for a union representing some 2,100 people who worked at two Visteon plants in Indiana argued Tuesday that many are facing hardship, and that the order should be stayed pending an appeal to a federal district court judge.More.

WellPoint affiliate ordered to pay $206K for transplant

Blue Cross of California has been ordered to reimburse a man $206,000 after he paid for his own liver transplant.More.

State lawmakers remain divided; deal by Sunday in doubt

The impasse between the two parties over a delay in an unemployment-tax increase is expected to drag the legislative session into the weekend. "Nobody is talking right now," says one legislator.More.

Indiana University Foundation lays off 18 staffers

The cuts, both in Bloomington and Indianapolis, come as part of an effort to trim $2.4 million from the fund-raising group's $26 million operational budget.More.

NCAA tournament committee focused on 65, not 96

The NCAA is discussing whether to expand the 65-team men's basketball tournament, a topic with no shortage of controversy and opinions.More.

Talks resume at Statehouse after brief impasse

Negotiations on some major issues resumed in the Indiana General Assembly on Monday after a meltdown occurred last week.More.

GM to reinstate 600 dealerships slated to be cut

GM executives said Friday that about 600 dealerships out of the 1,100 seeking to stay with GM will receive letters giving them the option to remain with the automaker.More.

Indiana lawmakers fail to wrap up session

Lawmakers hoped to adjourn by midnight, days before a March 14 statutory deadline for finishing business, but are still bogged down on several issues.More.

Workplace guns bill gets final legislative OK

The Indiana General Assembly approved a bill that lets workers keep firearms locked in their cars in trunks or out of sight while parked on company property.More.

Creditors: General Growth biased toward Brookfield proposal

General Growth Properties Inc. may favor a risky bid from Brookfield Asset Management Inc. because of that company’s agreement with William Ackman’s Pershing Square Capital Management LP, creditors said in court documents. Simon Property Group also has bid to acquire the bankrupt company.More.

Consumer group sues Anthem over policy changes

A consumer watchdog group filed a lawsuit Monday against WellPoint's California subsidiary on behalf of policyholders, claiming they were pushed to take coverage with fewer benefits and higher deductibles.More.

Indiana Senate approves plan to cut township boards

The bill now likely will go to a House-Senate conference committee to try to resolve the House-passed and Senate-approved versions of the bill.More.

Ethics bill clears Senate with unanimous support

The most sweeping Indiana legislation in years to tighten ethics and lobbying rules cleared the state Senate 50-0 Thursday and appeared headed soon to Gov. Mitch Daniels for his signature.More.

House approves smoking ban in public places

The House has approved legislation that would ban smoking in public places statewide except casinos and pari-mutuel horse racing venues.More.

General Growth plans to split in two to exit bankruptcy

General Growth Properties Inc. plans to split in two to exit bankrupty and will receive $2.63 billion in capital from Brookfield Asset Management IncMore.

IU fund-raising campaign meant to expand IUPUI, life sciences

Indiana University's president says IU this fall will launch a $1.1 billion fund-raising campaign aimed at expanding the IUPUI campus' life science programs.More.

Lilly, Merck, Pfizer starting research center

Three major U.S. drugmakers said they have formed a not-for-profit company in Asia to focus on cancer research and treatments.More.

Report: Brookfield plans bid for Simon target General Growth

Brookfield Asset Management Inc. plans to bid for a stake in General Growth Properties Inc., beating an offer by Indianapolis-based Simon Property Group Inc. for the bankrupt shopping mall owner, the Wall Street Journal reported.More.

Bayh's war chest could play role in Senate race

Bayh, who announced last week that he would not seek a third term in the Senate, has wide legal flexibility in directing the $12.2 million left in his campaign account.More.

House panel OKs delay in unemployment tax hike

An Indiana House committee endorsed legislation Wednesday that would delay for one year increases in taxes that employers pay into the state's bankrupt unemployment insurance fund.More.

No Democrat meets Indiana deadline for Senate seat

The only Democrat seeking to run for the Senate seat being vacated by Sen. Evan Bayh has missed out on qualifying for Indiana's May primary ballot.More.

Columbia City plant to close, nixing 135 workers

Fort Wayne Foundry Corp. will shutter the auto parts factory for the second time in a year, as its jobs head to Mexico, according to a union official.More.

Governors ask Congress to go easy on Toyota

Indiana Gov. Mitch Daniels and three other governors of states with Toyota plants are calling on Congress to be fair to the automaker in hearings concerning safety recalls.More.

Super Bowl most-watched TV show ever

The Super Bowl was watched by more than 106 million people, surpassing the 1983 finale of "M*A*S*H" to become the most-watched program in television history.More.

Calumet Specialty investigating cause of Louisiana explosion

Indianapolis-based Calumet Specialty Products Partners LP is investigating the cause of a Friday blast at its refinery in Shreveport, La., that damaged some nearby properties.More.

Ex-Indiana player Leary arrested in fraud case

The 39-year-old Leary was being held Friday in the Monroe County Jail in Bloomington on charges out of Allen County.More.

Mississippi settles Zyprexa suit against Lilly for over $18M

Mississippi will receive $18.5 million from Indianapolis-based drugmaker Eli Lilly and Co. as part of a settlement over claims the company promoted the anti-psychotic Zyprexa for ailments it was not federally approved to treat.More.

Economy bolts forward 5.7 percent in fourth quarter

There's more evidence that the recession is over, as businesses restock inventories and both corporate and consumer spending increases.More.

Panel OKs bill to provide pet buyers with info

The bill would require pet stores to put information about the dog or cat on its cage in the store, including the animal's medical history, the name of the breeder and any congenital disorders.More.

Toyota workers will stay on job at Indiana plants

No immediate layoffs are planned at the two Indiana factories that build Toyota models included in the company's production halt as it looks to fix sticking gas pedals.More.

Hoosiers can now renew driver's licenses online

The BMV said Tuesday it has started offering online driver's license renewals at the agency's Web site.More.

House lawmakers put statewide smoking ban on hold

The bill, would ban smoking in public places statewide except casinos and pari-mutuel horse racing venues.More.

New library standards to enhance online access

Hoosiers will have more access to the Internet and to public library materials across the state under a new set of standards adopted by the Indiana State Library and Historical Board.More.

Simon Property accepts $2.3B of notes in offer

Simon will fund the purchase with available cash plus proceeds from the sale of $2.25 billion in senior unsecured notes.More.

PNC profit rises despite growing loan losses

The bank's $1.01 billion in profit and its $5.08 billion in revenue were better than analysts expected.More.

Indiana House panel backs statewide smoking ban

An Indiana House committee approves legislation that would ban smoking in most public places statewide.More.

Duke Energy to trim Midwest work force, expenses

Duke Energy is offering buyouts to employees as it moves some corporate functions performed in two Midwest offices, including its central Indiana office in Plainfield.More.

House OKs bill on township government referendums

The proposal would allow voters to decide in November whether their township governments should be eliminated and their duties transferred to the county level.More.

FDA letters scold Lilly, others over marketing materials

The letter to Indianapolis-based Lilly cites a print advertisement for the antidepressant Cymbalta that did not adequately display information about the drug's side effects.More.

Indy man gets 2 years for extorting insurance firm

Kevin Stewart stole a computer server that contained the names and confidential information of 900,000 people.More.

Cummins gets $54M to improve fuel efficiency

Columbus engine maker Cummins Inc. will receive nearly $54M in federal funding as part of a program designed to significantly increase fuel efficiency in heavy trucks and passenger vehicles, U.S. Energy Secretary Steven Chu announced Monday.More.

Indianapolis Zoo blames crowd drop on bad weather

The zoo says it drew 1.05 million visitors during 2009, down from 1.1 million in 2008.More.

FDA cancels meeting to review Lilly's Cymbalta

The agency said the meeting was canceled "to allow time for the FDA to review new information" about a proposed new use for the drug.More.

Hancock County to consider battery plant proposal

Hancock County officials will consider a request by lithium battery maker EnerDel to set up operations in a business park near Indianapolis.More.

Kruse sues customers to satisfy its debt

The Auburn-based auto auction has filed lawsuits in DeKalb County seeking more than $2 million and plans to file up to 15 more lawsuits in the next several weeks.More.

Indiana nears 1M mark in swine-flu vaccinations

So far this year, 35 people have died in Indiana from swine flu.More.

Elkhart County OKs tax break for electric car maker

Hard-hit Elkhart County could become home three electric vehicle manufacturers if a Norwegian company chooses northern Indiana as the site for a new factory.More.

Radio giant Citadel files for bankruptcy protection

Las Vegas-based Citadel Broadcasting, which owns three radio stations in Indiana, filed for Chapter 11 bankruptcy protection on Sunday in an effort to restructure its hefty debt load.More.

Cummins engine business president stepping down

Engine maker Cummins Inc. said the head of its engine business is leaving his role in March to pursue other projects at the company. Jim Kelly joined the company in 1976 and was promoted to president of the engine business in 2005.More.

Supreme Court rejects Indiana's appeal of Chrysler sale

The justices on Monday turned down an appeal from the state of Indiana pension funds that earlier challenged the automaker's bankruptcy proceedings.More.

Retail sales rise more than expected

The government's report came as a surprise because the nation's retailers have been reporting generally lackluster results for the start of the holiday shopping season.More.

Jobless claims rise unexpectedly

The number of newly laid-off workers seeking jobless benefits rose more than expected last week, after falling for five straight weeks.More.

Indiana University extends president's contract

IU trustees have approved a contract extension for school president Michael McRobbie.More.

Indiana e-waste collectors, recyclers face deadline

Collectors and recyclers of obsolete electronics have until Jan. 1 to enroll with the state's E-Waste Program.More.

Airport plans holiday events to lure traffic to Civic Plaza

Entertainment planned for December could put airport visitors in a spending mood. Retail sales at the terminal have suffered this year due in part to a 10 percent drop in passenger traffic, prompting the Airport Authority to search for ways to boost revenue.More.

Kentucky governor thinks chances slim for Harley plant

Earlier this year, the company eliminated Shelby County in Indiana from contention for the manufacturing facility.More.

Rokita says GOP redistricting plan not enough

Indiana Secretary of State Todd Rokita is pleased that state Senate Republicans have proposed changes to the way legislative districts are drawn, but he says they don't go far enough.More.

Supreme Court to hear gambler's suit

The Indiana Supreme Court will hear arguments this week on whether an Ohio River casino should have allowed a compulsive gambler to play and lose $125,000 in a single night.More.

Education cuts could be coming, state schools chief says

Indiana's school chief warned school superintendents Thursday that declining state revenues could force cuts in public education spending, education officials said.More.

Indiana cities association seeking local tax options

The association representing 470 cities and towns wants lawmakers to pass legislation that would give municipalities the authority to adopt local option income taxes.More.

Eli Lilly CEO banking on new drug pipeline

CEO John Lechleiter says Lilly's pipeline has helped it rebound from significant patent losses three times during his 30-year career at the company. He's betting there will be a fourth.More.

Dow Jones industrials close above 10,000

The Dow Jones industrial average is back above 10,000 for the first time in a year.More.

IU sees $63M revenue boost from enrollment jump

Indiana University officials say this school year's record enrollment is leading to nearly $63 million in unexpected revenue for its campuses across the state.More.

U.S. jobless rate reaches 9.8 percent in September

The unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected. The report is evidence that the worst recession since the 1930s is still inflicting widespread pain.More.

Finish Line suffers second quarter loss

Sporting goods retailer The Finish Line Inc. said on Thursday that it lost $874,000 in the second quarter, mostly because of a loss it took by unloading its unsuccessful Man Alive stores in July.More.

Clinton, Bird among mourners at Simon funeral

Former President Bill Clinton described Melvin Simon as one of the most remarkable people he's ever met as he gave a eulogy today during the funeral for the billionaire shopping mall developer and Indiana Pacers co-owner.More.

Policyholders could pay more under Obama health plan

If President Barack Obama gets what he wants in his health care plan — covering all Americans and barring insurers from denying coverage — some analysts say individuals could wind up paying higher premiums.More.

Planned Parenthood closing 5 Indiana clinics

Planned Parenthood will close five health clinics across central Indiana after losing some of its federal grant money to provide family planning services to low-income women.More.

Greenwood manufacturer plans 43 new jobs

A Greenwood-based tool and machine parts manufacturer plans to add up to 43 jobs in the next six months by combining operations from two other states.More.

Daniels drops lottery privatization plan

UPDATE: Stocks drop in early trading

Getrag loses main customer for Tipton plant

Bush: Give rescue plan time

Cummins stock leaps after rival exits segment

Panel favors steep homeowner tax cut

Brown County getting state's largest nature preserve06:22 am

A state panel has set aside a 3,300-acre tract of Brown County State Park for the largest nature preserve owned by the state.More.

Declining attendance forcing Speedway to make changes

Three days after witnessing the smallest Brickyard 400 crowd in the race's 17-year history, Indianapolis Motor Speedway CEO Jeff Belskus said he intends to cut ticket prices for about 75 percent of fans at next year's race.More.

Farm with 2 million chickens planned in eastern Indiana

An application with the Indiana Department of Environmental Management calls for a six-barn confined animal feeding operation near the Jay County town of Bryant.More.

Carmel finishes annexation of Southwest Clay

The community about 10 miles north of Indianapolis grew by 8.3 square miles and 8,000 people Tuesday with the long-planned annexation.More.

Consumer confidence index retreats further

Economists watch the Consumer Confidence index closely because consumer spending accounts for about 70 percent of U.S. economic activity and is critical to a strong recovery.More.

Hoosiers can file for back jobless benefits Aug. 3

The state Department of Workforce Development says about 80,000 Hoosiers will get restored eligibility covering about 250,000 weeks of payments thanks to a federal law signed last week.More.

Indiana University considers extending pay freeze

Officials say most of the university's nearly 20,000 employees statewide didn't receive any pay increases last year.More.

American could take over Britain's BP in wake of Gulf oil spill

The man overseeing the much-maligned response by BP PLC to the Gulf oil spill crisis is the likely choice to replace gaffe-prone Tony Hayward to run the company and would become the first American to ever head the oil giant.More.

Purdue replacing old air fleet with 17 new planes

Officials plan to buy four Cirrus SR20 planes at an air show in Oshkosh, Wis., this Friday. Purdue is purchasing 16 of the single-engine planes and an Embraer Phenom 100 jet for $8.6 million.More.

Indiana University adds 'legends' tour to orientation

The "Campus Legends Tour" is new this year and already appears to be a wildly successful addition to the orientation program. The nighttime tour was designed to introduce students to the culture of the campus and community.More.

Proposal: Link federal aid to performance of ITT, peers

The Obama administration released a proposal that would tighten for-profit colleges’ access to federal student aid, threatening an industry that received $26.5 billion in U.S. funds last year. Carmel-based ITT Educational Services is among those potentially affected.More.

Obama signs unemployment bill; checks are coming

President Barack Obama on Thursday signed into law a restoration of benefits for people who have been out of work for six months or more. The move ended an interruption that cut off payments averaging about $300 a week to 2½ million people who have been unable to find work in the aftermath of the nation's long and deep recession.More.

BP donates to Indiana candidates, some return cash

BP's employee political action committee donated nearly $24,000 to Indiana legislative candidates in June, but not everyone wants to cash the checks after the biggest offshore oil spill in U.S. history.More.

Gas City close to deal with furniture maker

The Gas City council has approved granting up to $2.5 million in economic revenue bonds for Echelon Furniture Inc. to locate in a plant that Amcast Automotive shut down in 2006.More.

Indiana changes food stamp policy that drew fire

Indiana will no longer reduce a state grocery benefit paid to hundreds of developmentally disabled people simply because they receive food stampsMore.

Indiana: IBM welfare intake work flawed from start

The state is suing IBM for more than $1.3 billion, claiming the company breached one of the biggest outsourcing deals in state history. IBM wants Indiana to pay $52.8 million it says it's owed in deferred payments and equipment costs.More.

Filibuster broken, jobless benefits may flow soon

The Senate is poised to pass legislation restoring jobless benefits for millions of people unable to find work in the frail economic recovery.More.

Local building permits drop; national home building falls

Locally, the number of building permits filed in the nine-county Indianapolis area fell by 20 percent in June while home construction plunged nationally to the lowest level since October.More.

Conservancy group looks to buy Girl Scouts camp

Red-tail Conservancy director Barry Banks says the group hopes to raise the full $150,000 as soon as possible to buy the 47-acre Camp Munsee.More.

Carmel law firm settles consumer claims in Vermont

Mossler Law Firm of Carmel agreed to cease all business in Vermont, refund about $79,500 in fees paid by Vermont residents and pay $60,000 in civil penalties.More.

Indiana's second virtual charter school enrolling for fall

The Indiana Connections Academy Virtual Pilot School, financed with state education money and allowing students to work from home, will serve about 280 children from around the state.More.

State asking Hoosiers to repay stimulus money

An Indiana agency is telling about 36,000 people who collected a $25 stimulus payment as part of their unemployment check that they must repay the money because they were later ruled ineligible.More.

Program to help foster kids ease into adulthood

The Indiana Supreme Court says youth who outgrow foster care are at risk of homelessness, unemployment, substance abuse, criminal involvement and mental health issues.More.

Initial claims for jobless benefits drop sharply

The Labor Department said new claims dropped to the lowest level since August 2008. But much of that was the result of seasonal factors.More.

Pacers name Kellogg VP of player relations

Kellogg is a broadcaster for Pacers and CBS college basketball telecasts. He'll continue his responsibilities with Pacers TV and as the lead college basketball analyst for CBS.More.

Cummins moving 100 jobs from Memphis to Mexico

The moves will leave about 1,400 employees of Cummins and its contract workers in the Memphis area.More.

Simon competitor General Growth files reorganization plan

General Growth expects to come out of bankruptcy court with 180 properties, making it the second-largest shopping mall owner behind Indianapolis-based rival Simon Property Group Inc.More.

New March Madness plan includes four first-round games

Two of the so-called "First Four" games will match the lowest seeds, between 65 and 68. The other two games will include the last four at-large qualifiers.More.

Herff Jones closing plant in eastern Pennsylvania

Indianapolis-based Herff Jones Inc. said it will close the printing plant in eastern Pennsylvania this fall, laying off 107 workers.More.

Wind energy transmission raises equity questions

Transmission lines costing about $16 billion are needed to move wind energy into the electric grid. But the cost has sparked a debate over who should pay for getting the power from where it is made to where it is consumed.More.

Purdue board OKs building 3rd luxury dorm tower

The board on Friday approved a $20.6 million construction contact for the First Street Towers project.More.

Ex-owner of cemeteries gets prison time

Robert Nelms, ex-owner of cemeteries in four states, including Indiana, has been sentenced to between 32 months and 10 years in prison for embezzling $4.2 million from a Grand Rapids cemetery.More.

Grassley asks Lilly, peers about whistleblower treatment

U.S. Senator Charles Grassley asked 16 drugmakers, including Eli Lilly & Co., Pfizer Inc. and AstraZeneca Plc, to reveal how they treat whistleblowers who file complaints under the False Claims Act.More.

Indiana Supreme Court upholds state's voter ID law

Critics have argued that the law, which requires voters to show a photo ID to cast a ballot, violates the state constitution because it isn’t applied equally to all voters. Those who vote by mail don't have to prove their identity.More.

WellPoint exec sees health insurer 'oligopoly' coming

U.S. health insurers are “moving towards an oligopoly,” a process that this year’s health-care overhaul will accelerate, the investor-relations chief at WellPoint Inc. said Thursday.More.

Suitor extends tender offer for Emmis

JS Acquisition Inc., a company owned by Emmis Communications CEO Jeffrey Smulyan, extended its buyout offer to July 30.More.

Democratic secretary of state hopefuls critical of voter ID law

Both Democrats seeking their party's nomination for Indiana secretary of state are critics of the state's voter identification law, which they would have a role in enforcing as the top state election official.More.

Schrenker auction expected to fall well short of claims

More than $30 million in claims have been filed against Marcus Schrenker, but a court-appointed receiver expects an auction of the financier's property on Saturday to bring in less than $1 million.More.

Advocates decry cuts to Indiana home health program

The Indiana Family and Social Services told Area Agencies on Aging that a 15-percent cut in funding for the program known as CHOICE will save about $7.3 million from the program's $48.8 million annual budget.More.

WellPoint CFO says feds may phase in medical-spending rule

U.S. regulators may phase in requirements on how much health insurers spend on medical care to avoid pushing plans out of the market for people who buy their own coverage, WellPoint Inc.'s chief financial officer said Wednesday.More.

Young workers help Indiana parks during cutbacks

Indiana Department of Natural Resources spokesman Phil Bloom said the 1,665 young workers hired by the DNR will help seasonal workers with important maintenance work at many of the state's 24 state parks and dozens of other properties.More.

Holiday World president Will Koch dies at 48

Koch, 48, led the amusement park for 20 years, during which time it added a water park and several world-class roller coasters.More.

School systems say they have standing to sue over state funding formula

The state has asked that the lawsuit be dismissed, claiming that the districts don't have the authority to challenge the constitutionality of a state law.More.

New agreement forms Indiana branch of online college

WGU Indiana is a branch of Western Governors University, a private, not-for-profit university designed for working adults trying to earn bachelor's or master's degrees.More.

Indiana to turn 43,000 acres into wetlands area

Together, the combined acreage of the two habitat conservation areas will be the largest project ever undertaken by the state Department of Natural Resources, Daniels said.More.

GM recalling 1.5 million vehicles over fire concerns

The recall affects several pickup trucks, sport utility vehicles, crossovers and passenger car models from the 2006 to 2009 model years. GM conducted a similar recall in 2008 but came across new reports of fires in vehicles that had been fixed.More.

Federal appeals judge moving chambers to Indiana

A judge on the federal appeals court in Chicago is relocating his chambers to Indiana University's Bloomington campus.More.

Update: Colts confirm training camp move

The Indianapolis Colts on Wednesday announced plans to move their training camp from Terre Haute to Anderson, where it was held for the first 15 years the team was in Indianapolis.More.

Indiana Senate's top Democrat demands budget-cut data

Minority Leader Vi Simpson, D-Bloomington, said the Republican governor's budget director told her that a comprehensive list of executive branch budget reductions wasn't available. She said that's unacceptable.More.

Other states join Indiana in spurning grant program

About two dozen states are going back to Washington for another shot at billions in education grants under the "Race to the Top" program, but at least nine others including Indiana are opting out of trying a second time.More.

Seven years of work expected for central Indiana highway

Work is to start next year on upgrading the highway through Carmel and Westfield to interstate standards in phases through 2017.More.

Indianapolis Zoo opening new cheetah exhibit

The $2 million exhibit opens Saturday featuring five of the fastest animals on land.More.

Stocks plummet on economic worries

The Dow Jones industrials plunged below 10,000 Tuesday as traders turned away from stocks amid worries about the global economy and tensions between North and South Korea.More.

Feds: AMC must sell some Indy theaters to make acquisition

The U.S. Justice Department said AMC Entertainment Group Inc., the second-largest U.S. movie theater owner, must sell some cinemas to proceed with plans to buy most of those operated by Kerasotes Showplace Theatres.More.

Indiana 4 to 6 weeks behind its weatherization goal

The delay is pushing back the release of the second half of the $132 million in stimulus funds the state got for energy-saving retrofits to homes of thousands of low-income residents.More.

Another renovation proposed for City Market

Indianapolis officials are proposing a $2.7 million renovation of the downtown City Market, three years after the last major renovation failed to boost business.More.

Old General Motors sites could receive $800M for clean up

The proposed sites include the Indianapolis Stamping plant on the west side and the former GM Delco Plant 5 in Kokomo.More.

Butler's basketball success as a 'mid-major' a rare feat

The Bulldogs are one of a handful of "mid-major" teams that have carved out a spot on the national map with a simple strategy: You win by being yourself.More.

State's largest pension programs get new leader

Steve Russo was chosen Monday as executive director of both the Indiana Public Employees' Retirement Fund and the Indiana State Teachers' Retirement Fund.More.

Productivity grew 3.6 percent in first quarter

Productivity growth and falling labor costs are good for corporate profits but mean household incomes continue to be squeezed, putting the economic recovery at risk.More.

Carson to face Scott in 7th District race

Democratic Rep. Andre Carson easily defeated three challengers for his party's nomination in Indiana's 7th District.More.

Burton gets another GOP nod in 5th District

Dan Burton is seeking his 15th term from the heavily Republican district after narrowly beating former state Rep. Luke Messer.More.

GOP fighting out congressional bids across Indiana

In the 5th District, they'll decide whether to pick Rep. Dan Burton for what would make 30 years in Congress. In the neighboring 4th District, the likely replacement for retiring Rep. Steve Buyer will be determined.More.

Indiana voters choose from 5 seeking GOP Senate nod

Indiana Republican voters will decide Tuesday which of five U.S. Senate candidates will represent the party in its fight to take the seat being vacated by Democrat Evan Bayh.More.

Consumer spending rises, but stocks end April on down note

Goldman Sachs investigation sparks fears about harm to banking industry.More.

Goldsmith named deputy mayor of New York City

The former Indianapolis mayor will become a deputy mayor and oversee the fire and police departments.More.

Anthem Blue Cross withdraws big California rate hike

Anthem Blue Cross withdrew plans to raise health insurance rates for Californians by as much as 39 percent after an independent audit determined the company's justification for raising premiums was based on flawed data.More.

Washington university president to lead NCAA

The NCAA executive committee selected University of Washington President Mark A. Emmert to lead the national association that oversees college sports. Emmert, who is expected to start work by Nov. 1, replaces the late Myles Brand, who died of pancreatic cancer in September.More.

FAA says regional airline didn't inspect planes

Federal aviation officials want to fine Chautauqua Airlines $348,000 for allegedly flying regional jets thousands of times without performing required safety inspections.More.

Franklin residents still struggle with solution for flooded land

Crews will begin in late April demolishing the first of 74 homes south of downtown Franklin damaged by massive flooding in June 2008. Officials still haven't decided how to reuse the land, and residents are torn.More.

Indiana budget chief orders another 5 percent in cuts

State revenues are $867 million, or 9.4 percent, less than forecast through the first nine months of the current fiscal year.More.

Indianapolis gets $10 million for clean energy

The grant announced Wednesday is part of $452 million in stimulus funding nationwide for projects meant to make buildings more energy efficient.More.

Indiana white-collar workers suffering in bad economy

The national unemployment rate for college graduates age 25 and older was 4.9 percent in March, up from 4.4 percent a year ago, the U.S. Bureau of Labor Statistics reports.More.

Cash-strapped schools eye full-day kindergarten

Many districts want to keep the full-day programs and say they're considering increasing fees to do so.More.

Rockefeller: Insurers don't spend enough on medical care

Indianapolis-based WellPoint “reclassified” more than half a billion dollars of administrative expenses as medical expenses when it was defining its medical-loss ratio, according to a report released by U.S. Senator Jay Rockefeller’s office.More.

Report: Simon may drop General Growth bid

Shares in General Growth Properties Inc., the second-biggest U.S. mall owner, fell as much as 6.7 percent Monday morning after a newsletter report that Simon Property Group Inc. may abandon a takeover bid for its smaller rival.More.

Louisiana gets $20M in Lilly drug settlement

Louisiana was one of 13 states that filed individual suits in state courts over allegations that Lilly pushed Zyprexa for uses that had not been approved by federal regulators.More.

Obama, Manning, Letterman help Butler celebrate

From the White House to Main Street, the Bulldogs opened eyes and turned heads.More.

Hundreds show interest in jobs at police car maker

Company executives told those at Monday's information sessions that many jobs will require an associate's degree in engineering and computer literacy to operate assembly-line machines.More.

White House hails economic gains, foretells slow recovery

Buoyed by good news on the jobs front, the White House claimed credit Sunday for reversing the downward economic spiral while bracing out-of-work Americans for a slow recovery.More.

Compensation for WellPoint's Braly rises 51 percent

Stock options, bonus fuels CEO's pay.More.

Lilly wins court ban on generic copy of Gemzar

Eli Lilly and Co. won a U.S. court ruling Wednesday that bars Teva Pharmaceutical Industries Ltd. from selling a generic version of the cancer drug Gemzar until November.More.

Governor approves new teacher licensing rules

Daniels signed the new rules Tuesday, three months after a state panel approved them amid criticism from college educators.More.

Indiana unemployment rate ticks up to 9.8 percent

The state's jobless rate has been either 9.8 percent or 9.7 percent the past four months.More.

Formula One boss eyes New York for grand prix

Bernie Ecclestone appears to be interested in widening the racing series' reach in the U.S., with recent negotiations to return to Indianapolis and now wishing aloud for a New York-based grand prix.More.

Daniels warns of health bill's 'immorally huge' taxes

Daniels told members of the Economic Club of Indianapolis that it's ridiculous for anyone to suggest the nearly $1 trillion health care overhaul signed into law Tuesday by President Barack Obama won't add to the nation's debt.More.

Obama signs historic $938 billion health care overhaul

Attorneys general from 13 states filed suit to stop the overhaul just minutes after the bill signing, contending the law is unconstitutional. Other state attorneys general may join the lawsuit later or sue separately.More.

Approval of college-aid overhaul to shake Sallie Mae

The legislation, piggybacked to the health care bill that passed Congress Sunday night, could also mean major job losses for Sallie Mae, which employs about 2,400 people in Indiana, including 1,700 in Fishers.More.

Moonlighting may be on rise among cash-strapped teachers

Teachers have traditionally taken summer jobs, but union claims more are working evenings and weekends during the school year.More.

Thousands of teachers losing jobs, union says

Indiana State Teachers Association forecasts up to 5,000 teachers may lose their jobs. That's about 8 percent of public school teachers statewide.More.

Workplace guns bill gets governor's signature

The law, which takes effect July 1, lets workers keep guns locked out of sight in their vehicles while parked on their employers' property.More.

Simon weighs new General Growth bid, sources say

Simon Property Group Inc. is considering raising its $10 billion buyout offer for rival shopping mall owner General Growth Properties Inc. as early as this week.More.

Cummins expects profit to grow 10 percent a year

Columbus-based Cummins Inc., North America’s largest maker of heavy-duty diesel truck engines, expects pretax profit to increase 10 percent a year and sales to grow 13 percent annually over the next five years.More.

Schrenker: 'Data' show he tried to fake own death

A former Fishers money manager facing fraud charges acknowledges in a newspaper interview that evidence indicates he was trying to fake his own death when he parachuted from his private plane that later crashed in a Florida swamp.More.

Former Indiana University AD Greenspan lands at Rice

Greenspan resigned from IU in 2008 amid NCAA allegations that his department failed to monitor former basketball coach Kelvin Sampson.More.

Republic hits turbulence with Frontier mechanics

The union for mechanics at Frontier Airlines is going to court over Republic Airways Holdings Inc.'s plans to shift their work to Milwaukee.More.

Indiana closer to eliminating anti-smoking agency

The plan approved by the Republican-controlled Senate would transfer the duties of the Tobacco Use Prevention and Cessation board to the State Department of Health.More.

Express lane opens for I-465 widening project

The lane opened Monday for eastbound traffic on I-465 from U.S. 31 (Meridian Street) to just past the Allisonville Road interchange.More.

Indiana out in first phase of 'Race to the Top' grants

Indiana has missed out in the first round of the U.S. Department of Education's "Race to the Top" competition, which will deliver $4.35 billion in school-reform grants.More.

Sebelius asks insurers to justify rate hikes

Health and Human Services Secretary Kathleen Sebelius met at the White House with the CEOs of Indianapolis-based WellPoint, Aetna, Cigna, UnitedHealth Group, as well as several state insurance commissioners.More.

Indiana lawmakers still hoping to adjourn Thursday

Lawmakers are close to a compromise on a work-site guns bill, but remain farther apart on several other issues.More.

Indiana tax collections for February down $86 million

Tax collections for February fell $86 million below a revised December forecast. Revenue is down $166 million in the first three months since that forecast.More.

Protest at Evansville Whirlpool plant draws 1,500

Company shuttering plant, moving work to Mexico.More.

Sides mum after latest NFL bargaining session

The two sides held their latest round of negotiations in an Indianapolis hotel ballroom as the league's annual scouting combine began.More.

Weather blamed for unexpected rise in jobless claims

New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of claims caused by snowstorms the previous week.More.

Indiana House OKs tax-increase repeal, jobs bill

The Indiana House approved legislation Wednesday that would repeal an unemployment-insurance tax increase and approved a package of tax credits and other incentives designed to create jobs.More.

WellPoint CEO blames health costs for hikes

Amid attacks from Democrats over high executive salaries, Angela Braly testified in Washington, D.C., on Wednesday that big insurance-premium increases are the result of growing price tags for hospital care and pharmaceuticals.More.

Schools decry funding disparity in lawsuit

Hamilton Southeastern will see its per-pupil spending of $5,000 drop about $100 in 2010 despite a projected 900-student increase, the lawsuit says. Indianapolis Public Schools, which has lost more than 1,000 students a year for the last five years, will receive $7,500 per student in 2010.More.

Growing Indiana schools districts suing over funding

Hamilton Southeastern, Franklin Township and Middlebury Community Schools of Elkhart County say the school-funding formula unfairly penalizes districts with growing enrollments.More.

Insurers warn of problems with federal regulator

President Obama's latest push for a health care overhaul could drive health plans around the country into insolvency, according to an insurance trade group.More.

Indianapolis officials used Super Bowl to prep for 2012

Nearly four dozen host committee members and Indianapolis officials attended the game. The entourage will apply what they learned to the 2012 event.More.

Mays named to Indiana Utility Regulatory Commission

Gov. Mitch Daniels has appointed former Democratic state Rep. Carolene Mays of Indianapolis to the Indiana Utility Regulatory Commission.More.

Gambling to remain an issue in General Assembly

Issue likely to land in House, Senate conference committee.More.

State tries new plan to track students' growth

Instead of focusing on standardized tests, the Indiana Growth Model will monitor individual students' academic growth to measure their progress and identify effective teaching methods, state public education officials say.More.

Shareholders in bankrupt Accuride pursuing loan

Accuride shareholders are trying to arrange a $400 million loan to fund the Evansville company’s exit from bankruptcy.More.

Snowstorm likely to create another rush hour mess

Just days after Friday's heavy snowfall blanketed much of the state, the National Weather Service has issued a winter storm watch from late Monday night through early Wednesday for all of Indiana.More.

National unemployment rate drops to 9.7 percent

January's report offers hope that employers may start adding jobs soon. Excluding the beleaguered construction industry, the private sector as a whole added 63,000 positions.More.

Republic Airways to shut down Lynx Aviation

Indianapolis-based Republic Airways Holdings Inc. will shut down Lynx Aviation, a regional flying unit that operates Bombardier Q400 propeller planes. The changes will mean 175 people will lose their jobs.More.

Steak n Shake posts profit, plans new corporate name

Steak n Shake Co. said Friday it posted a fourth-quarter profit, and said it is planning to change its corporate name to Biglari Holdings Inc.More.

Senate OKs bill to eliminate township boards

The Republican-controlled Senate voted 29-19 Thursday for a bill that would eliminate township boards and transfer their duties to the county level starting in 2013. It now moves to the Democrat-led House for consideration.More.

Indiana Senate panel approves school-start-date bill

The committee endorsed legislation that would prevent the state's public schools from starting classes before Labor Day.More.

Toyota suspending production at two Indiana plants

Toyota is halting production at six North American car-assembly plants—including Indiana facilities in Princeton and Lafayette—beginning the week of Feb. 1 to fix gas pedals that could stick and cause acceleration without warning.More.

Pitney Bowes moving 30 jobs to Indianapolis area

Company plans to close operations in Miamisburg, costing the southwest Ohio city 75 jobs.More.

NFL conference title games draw most viewers since 1980s

The Indianapolis Colts' win over the New York Jets on CBS drew 46.9 million viewers, the most for an American Football Conference title game since Patriots-Dolphins in 1986.More.

Purdue to slice benefits for staff, techology costs

University will cut employee benefits, retirement contributions and information technology services to partially close a $67 million budget deficit for the West Lafayette campusMore.

Bill on Sunday microbrewery sales clears Senate

The bill would limit the amount of Sunday carryout sales from Indiana microbreweries to about three cases per transaction.More.

Simon Property Group rolls out $2.25B offering

Proceeds from the offering will be used for general corporate purposes and to fund the purchase of senior notes.More.

Property tax caps heading to Indiana voters

The Indiana Senate has given final approval to a proposal that would allow voters to decide whether property tax limits belong in the state constitution.More.

Recession takes toll on university president pay

A survey released Monday by the Chronicle of Higher Education showed compensation packages of chief executives at public universities leveling off in 2008-2009, rising a relatively modest 2.3 percent. How did Indiana college presidents fare?More.

Republic Airways moving all execs to Indianapolis

Republic, which bought Frontier Airlines and Midwest Airlines last year, says it will move all of its executives to its headquarters in Indianapolis.More.

City's sole high school will keep Anderson name

The district's school board voted 6-1 Tuesday night for a plan using the Anderson High School building for grades 10-12 starting next fall. The Highland High School building will house grades 7-9.More.

Indiana Senate OKs bill to delay jobless-tax hikes

The Senate has approved a bill delaying unemployment-tax increases on businesses for a year, but the legislation may face hurdles in the Democrat-led House.More.

Board approves revamp of Indiana teacher licensing

The new rules are expected spur future teachers to spend more time learning subject matter and less time taking education classes.More.

Ex-investor sentenced in Indiana mortgage fraud

Robert A. Penn, 44, of Naples, Fla., received seven years in prison and was ordered to pay more than $11 million in restitution.More.

Brightpoint quarterly estimate below expectations

Cell phone distributor predicts fourth-quarter results below analyst estimates, sending shares down in aftermarket activity.More.

NFL will weigh incentives to make late-season games competitive

Commissioner Roger Goodell said the league was sensitive to criticism of the Indianapolis Colts' decision to use backups a week ago in a game they lost, ending their bid for a perfect season.More.

Indiana lawmakers looking for cheap ways to impress

In an election year with a big reward—the potential to redraw political maps for the next decade—lawmakers are looking to impress voters.More.

Eli Lilly and Co. heiress Ruth Lilly dies at 94

Over the course of her life, the last surviving great-grandchild of pharmaceutical magnate Eli Lilly gave away much of her inheritance.More.

College cuts will favor some schools over others

The Indiana Commission for Higher Education said state colleges and universities need to find new ways to be efficient—without new tuition hikes—to cope with spending cuts ordered by Gov. Mitch Daniels.More.

Atlanta dates set for former Indy tennis event

As first reported by IBJ on Nov. 28, the men's tennis event that is leaving Indianapolis is heading to Atlanta, the ATP confirmed.More.

New president elected for Indiana AFL-CIO

Nancy Guyott is the first woman to be president of the Indiana AFL-CIO.More.

Indiana weighs changes to combat out-of-state casinos

State lawmakers are weighing possible changes to state gambling laws at a time when growing competition from out-of-state casinos threatens to cut into business at Indiana's 11 riverboat casinos.More.

UPDATE: KAR Auction IPO raises less than hoped

The Carmel-based auctioneer had expected to raise $340.9 million through its IPO, but the company said it would sell 25 million common shares at $12 each for total proceeds of $300 million.More.

Danica Patrick reaches NASCAR deal, source says

Last week, Patrick signed a three-year contract extension with Andretti Autosport to stay in the IndyCar series, but its schedule gives her enough time to also try NASCAR.More.

Ivy Tech offers fast degree for at-risk students

Ivy Tech Community College is offering at-risk students a chance to earn an associate's degree in just 10 months instead of two years.More.

Rare sacred art exhibition boosts museum attendance

"Sacred Spain: Art and Belief in the Spanish World" at the Indianapolis Museum of Art is drawing visitors from around the world for an unprecedented exhibitionMore.

Plant would pipe carbon dioxide to oil rigs

Carbon dioxide produced by a proposed coal gasification plant near the southern Indiana town of Rockport would be used to help boost oil production in the Gulf of Mexico under a plan by the company leading the project.More.

Computer woes slow air traffic across the nation

The Federal Aviation Administration said the problem was fixed about 10 a.m. Thursday, but it was unclear how long flights would continue to be delayed. Dozens of flights to Indianapolis International Airport have been affected.More.

Major stock indexes climb to yearly highs

Major stock indexes rose as much as 2 percent, including the Dow Jones industrial average, which jumped 203 points.More.

Indiana voters trending against schools in tax votes

Indiana voters seem willing to pay more in property taxes to help school districts cover operating costs. The results of last week's referendums, however, continue the trend against supporting plans for bigger, better schools during tough economic times.More.

GM to draw government funds for Delphi costs, source says

General Motors Co. will announce later this week that it will draw from its government funding to pay the cost of buying a chunk of troubled parts supplier Delphi Corp., a person briefed on the company's finances said Wednesday.More.

I-465 bridge in Indianapolis reopens after blast

The left eastbound lane over the eastbound bridge and the Interstate 69 southbound ramp to I-465 southbound will remain closed through midweek as crews continue repair work.More.

Fewer home-building permits signal weakness ahead

Applications for home-building permits, a gauge of future construction, fell in September by the largest amount in five months.More.

Frequent GOP candidate Scott wants to face Carson

A Butler University professor who has run for Congress several times says he will seek the Republican nomination to challenge Democratic Rep. Andre Carson of Indianapolis next year.More.

Brightpoint repurchases shares in settlement

Indianapolis-based Brightpoint Inc. said Friday that it has entered into a settlement agreement with NC Telecom Holding A/S to repurchase about 3 million Brightpoint shares from the Denmark holding company. NC Telecom owned Denmark-based Dangaard Telecom before Brightpoint, the world's biggest wireless phone distributor, bought the cell phone distributor in August 2007.More.

State funneling weatherization funds to builders' group

The Indiana Builders Association will receive nearly half of the $132 million the state is receiving through the American Recovery and Reinvestment Act to weatherize more than 30,000 householdsMore.

More IU, Purdue projects could move forward

More than $130 million in construction projects will get a chance to move forward after being put on hold over a top lawmaker's objections to the schools' tuition increases.More.

Purdue sees statewide enrollment grow 3 percent

Purdue University said today that its statewide fall-semester enrollment is up more than 3 percent from last year.More.

Indiana expects jobless fund troubles until 2015

Indiana officials say it will take longer to resolve the state's bankrupt unemployment insurance fund's funding troubles than projected when a law designed to start fixing the system was enacted in April.More.

National jobless rate hits 26-year high

The unemployment rate jumped almost a half-point, to 9.7 percent, in August, the highest since 1983, reflecting a poor job market that will make it hard for the economy to begin a sustained recovery.More.

Indianapolis utility could buy Lake Monroe water

Indianapolis Power & Light Co. has agreed to a 20-year contract with a state agency to potentially draw millions of gallons of water from southern Indiana's Lake Monroe.More.

Markets down after another rough week

Plunge freezes Dow Jones futures trading

Cummins to buy $25M of Irwin stock

Wall Street's bumpy ride continues

Zimmer profit beats expectations

Blogs

 

A&E, etc.

Ticket giveaway: Rib America

Win a pair of passes to the Military Park annual event.More.

Pennsylvania, Indiana top Nevada in gambling taxes

Pennsylvania's tax revenue from commercial casinos approached $1.1 billion in the fiscal year that ended June 30. Indiana was second with $878 million and Nevada third with $831 million.More.

IBJ Night at the Movies: Star Trek double feature

Win passes to a Gen Con eve screening of "Star Trek II: The Wrath of Khan" and "Star Trek III: The Search for Spock."More.

Phoenix visiting 'Avenue Q' and zipping back to 'Zoomerville'

Lineup includes two recent Broadway shows and a vote-for-your-favorite scenes holiday show.More.

More A&E, etc.

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  1. did this just say we paid $3.5 for upgrades to Conseco??? what do they need now? seems that the pacers are owned by Simons that work in Development so they could make the upgrades themselves. this is stupid.

  2. To get your trolley it is going to take a regional 3/4 to 1% additional sales tax. Carmel is already planning a trolley system loop that will connect with whatever regional system comes about. Whether you like the burbs or not it is going to take everyone to make mass transit work,

  3. I think it's fair to say that with the current property valuations for Meridian Kessler....we all paid to much!

    So it's hard to fault any developer who acquired assets at market value prior to the recession, as it is difficult to fault ourselves, the homewoner, for the same. The Great Reset is upon us.

    The foreclosure list for Meridian Kessler is impressive. I fear what will happen when this inventory hits the market in the months to come?

    That said, this overdue neighborhood makeover
    needs funding support for one reason. The stabilization of neighborhood property values. If these go to short sale....guess what...we all take another dive in value. Anyone seen the comps for their home lately?

    A balance of support from city, state, fed, and private investors is required.

    In fact, I personally think that TIF's should be earmarked for the small, niche projects that need a nudge, and that make a real difference in our daily lives and liveability of our neighborhoods.
    A concept unfamiliar to the large developers.

    I think the powers to be could go a long way in earning their taxpayer paychecks by supporting small projects such as this on a grand scale in many neighborhoods.

    Start here, at 49th and College, which is undoubtedly one of the best examples of
    neighborhood neglect the city has on it's watch.

    Reading the comments below, I'd venture to say that the only people that dont' want this to happen are the guys that have a personal axe to grind or see dollar signs for themselves and would like to drive this project into the ground so they can personally profit when the smoke clears.

    You know who you are....

    Long live the self serving party of no.

    I'd like to invite everyone that gives a rats you know what for a tea party.....

  4. The Mighty Adam Smasher-DJ, Singer and Big Personality

  5. Stacy - ESPN is only showing 3 of the 17 cup races on broadcast TV (ABC) this year. A greedy tragedy, if you ask me.