AP News

Lilly to end development of lupus drug after trial failure

October 2, 2014
Associated Press
Tabalumab was expected to generate about $250 million to $300 million a year in sales in several years.
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Board ponders new Indiana school 'A-F' grades

October 1, 2014
Associated Press
Indiana education leaders inched closer Wednesday to approving a new system for grading the state's schools, nearly a year after a secret overhaul of the school-grading formula by then-Schools Superintendent Tony Bennett was revealed.
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Pagenaud convinces Penske to expand to 4 IndyCar entries

October 1, 2014
Associated Press
Team Penske this week added the Frenchman to its IndyCar lineup, which will have four full-time cars next season for the first time in team history.
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U.S. construction spending slumps 0.8 percent

October 1, 2014
Associated Press
U.S. construction spending fell in August, the second decline in the past three months, with housing, non-residential and government projects all showing weakness.
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Manufacturing index shows slower growth

October 1, 2014
Associated Press
The pace of U.S. manufacturing growth slowed in September, as expectations for hiring and new orders slipped from their August levels.
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What if high court rejects gay marriage cases?

October 1, 2014
Associated Press analysis
Almost everyone is calling for the Supreme Court to step in and make a decision on gay marriage, but not getting involved is a possibility. The issue was on the agenda when the justices met in private Monday to decide new cases to hear this term.
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Pair of top Pence aides leaving administration

October 1, 2014
Associated Press
Indiana Gov. Mike Pence announced Tuesday that personnel director Anita Samuel and former workforce development commissioner Scott Sanders are exiting their positions.
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Purdue, Indiana State receive U.S. innovation grants

September 30, 2014
Associated Press
Purdue and Indiana State universities are among 24 colleges and universities receiving grants from the Education Department to foster innovation in college value and efficiency.
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Indiana AG proposes home contractor registry

September 30, 2014
Associated Press
Attorney General Greg Zoeller wants Indiana lawmakers to approve a state registry for home-remodeling contractors to boost consumer protections against would-be scammers.
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Government: NFL TV 'blackout' rule unsportsmanlike

September 30, 2014
Associated Press
The vote won't actually end blackouts, which are written into the NFL's private contracts with broadcast and cable companies. But it means responsibility for blackouts now lies entirely with the NFL and its television partners, not the government.
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Indiana casinos want wagering, admission taxes cut

September 30, 2014
Associated Press
A legislative committee is weighing requests from Indiana casino operators to reduce the state's wagering tax rates and eliminate the $3 admission tax for everyone who enters a riverboat, even if not gambling.
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Cumberland eyes pavilion for markets, festivals

September 30, 2014
Associated Press
Town officials are eyeing a $1 million project to turn the former Schreiber Lumber pavilion near Carroll Road into a trailhead to host farmers markets, festivals, fundraisers and more.
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RV industry shipments on best pace since 2007

September 30, 2014
Associated Press
RV shipments for the first eight months of 2014 have reached about 246,000 units, a gain of 9 percent from 2013.
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High demand for road salt pushes costs up for state, city

September 29, 2014
 Associated Press and IBJ Staff
The Indianapolis Department of Public Works will pay 11.5 percent more for road salt this winter than it did a year ago. Salt prices on regional bids across the state are now an average of 57 percent higher than last year's prices, according to INDOT.
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ATM, overdraft fees keep climbing, bank survey says

September 29, 2014
Associated Press
The average fee for using an out-of-network ATM has vaulted 23 percent over the past five years. It has notched a new high for eight years in a row.
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Indiana farm fatalities continue downward trend

September 29, 2014
Associated Press
The report says Indiana has had fewer than 30 documented deaths from farm-related accidents each year since 1996.
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Reservoir talk not moving Mounds shopping mall

September 29, 2014
Associated Press
Mounds Mall leasing official Jesse Wilkerson said new tenants are being actively sought for the mall, but it is exploring options for relocating, if necessary.
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NiSource to split into two publicly traded companies

September 29, 2014
Bloomberg News, Associated Press
Merrillville-based NiSource will continue to provide natural gas and electricity to more than 3 million customers, while Houston-based Columbia Pipeline Group will own 15,000 miles of natural gas transmission pipelines.
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Former workers file suit against state lawmaker

September 28, 2014
Associated Press
A state lawmaker who was one of nine Republican state senators to vote against a right-to-work law two years ago is accused in a lawsuit of failing to pay his employees more than $220,000 in wages and other benefits.
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Camp Atterbury ready for large groups of soldiers

September 28, 2014
Associated Press
With more beds and railroad tracks serving Camp Atterbury, the facility will be able to train some of the largest groups of soldiers since World War II. Now Camp Atterbury has to market itself across the nation to make the most of the new facilities.
More

Few flights resume after Chicago fire throws air traffic for loop

September 26, 2014
Associated Press
A contract employee suspected of setting a fire at a suburban Chicago air traffic control center brought two of the nation's busiest airports to a halt for hours Friday, sending delays and cancellations rippling through the air-travel network from coast to coast.
More

Finish Line shares fall after quarterly results miss mark

September 26, 2014
 IBJ Staff and Bloomberg News
Shares in The Finish Line Inc. dropped as much as 12 percent Friday morning after the company reported second-quarter earnings and revenue that fell short of analyst expectations.
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Indiana unemployment agency wins anti-fraud grant

September 26, 2014
Associated Press
The Indiana Department of Workforce Development is receiving nearly $1.5 million from the federal government to help catch those who collect unemployment payments while still working.
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Purdue incentive compensation undecided for Daniels

September 26, 2014
Associated Press
The former Indiana governor's five-year contract with Purdue gives him a $420,000 annual base salary. He can also receive 30 percent more, or $126,000, based on bonuses.
More

Program gets $1 million federal grant to mentor ex-cons

September 26, 2014
Associated Press
Volunteers of America of Indiana Inc. said Thursday the program will serve 250 adults being released from prison and jail and re-entering society in Indianapolis and surrounding Boone, Hancock, Hendricks, Hamilton and Morgan counties.
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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