AP News

REITs tumble most since 2011 on concern of rising rates

June 19, 2013
Associated Press
Shares in U.S. real estate investment trusts fell the most in 19 months Wednesday. Three major REITs, all based in Indianapolis, saw their shares drop on Wednesday.
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Judges consider tossing $60M Penn State fund lawsuit

June 19, 2013
Associated Press
A panel of Pennsylvania judges will soon decide whether to side with the NCAA and throw out a lawsuit filed by a state senator and the state treasurer over the massive fine imposed on Penn State for its handling of the Jerry Sandusky scandal.
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Holcomb, other top leaders leaving Indiana GOP helm

June 19, 2013
Associated Press
Indiana Republican Party Chairman Eric Holcomb announced Wednesday he was leaving to take a job outside politics. Former Lt. Gov. Becky Skillman, Vice Chair Sandi Huddleston and Executive Director Justin Garrett also are leaving their posts.
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Tyco to buy Fishers-based technology firm for $150 million

June 19, 2013
 IBJ Staff and Associated Press
Tyco International Ltd. said Wednesday that it reached a deal to acquire Exacq Technologies Inc., which develops video management systems for security and surveillance uses.
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ACLU sues BMV over gay youth group case

June 19, 2013
Associated Press
The American Civil Liberties Union of Indiana filed a federal lawsuit Wednesday against the Indiana Bureau of Motor Vehicles, seeking the reinstatement of specialty auto license plates for a group that counsels gay and lesbian youth.
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Indiana county allowed to develop fertilizer plant

June 18, 2013
Associated Press
The state won't stand in the way of a fertilizer plant that a Pakistan-based group is developing in southwestern Indiana despite reservations expressed by Gov. Mike Pence, his office said Tuesday.
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Court upholds Indiana legislative boycott fines

June 18, 2013
Associated Press
The Indiana Supreme Court has upheld fines levied by House Republicans against Democrats for their 2011 legislative walkout over right-to-work legislation.
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Pence putting stamp on Indiana with new goals

June 17, 2013
Associated Press
Indiana Gov. Mike Pence announced Monday he will shuffle where state agencies focus most of their efforts. State Budget Director Chris Atkins said the new priorities reflect the goals that Pence laid out in his campaign.
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Indiana agency sued over cuts to program for disabled

June 17, 2013
Associated Press
A federal lawsuit says Indiana's social services agency has made changes to Medicaid waiver programs that threaten to deprive thousands of developmentally disabled people of income they need to survive outside of institutions.
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World looks to Bernanke to clarify stimulus plans

June 17, 2013
Associated Press
Financial markets have been gyrating in the 3½ weeks since Bernanke told Congress the Fed might scale back its effort to keep long-term rates at record lows within "the next few meetings"— earlier than many had assumed.
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Lilly to take over development of diabetes drug

June 17, 2013
Associated Press
Eli Lilly and Co. will pay Canadian drug developer Transition Therapeutics Inc. at least $7 million and up to as much as $247 million to take over the development of a potential diabetes treatment.
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Electronic proof of auto insurance coming to Indiana

June 17, 2013
Associated Press
Indiana drivers who have to show proof of insurance to police after an accident or traffic violation can do so electronically starting July 1 under a new law that signals an increasing use of technology in insurance laws.
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Former governor candidate Gregg buys country grocery

June 17, 2013
Associated Press
The Democrat said he hopes his purchase of Yagles Country Cupboard will help the store provide more services to the largely Amish southern Indiana community and create a few jobs.
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Disparate Indiana pols agree ISTEP answers needed

June 16, 2013
Associated Press
A legislative panel studying why 78,000 test-takers were frozen out of the high-stakes exam test last month plans to meet Friday to hear from CTB/McGraw-Hill President Ellen Haley on what went wrong.
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Greenwood sues over failed pharmaceutical facility

June 13, 2013
 IBJ Staff and Associated Press
Greenwood Mayor Mark Myers says city officials had tried for months to help with talks with possible investors for Elona Biotechnologies, without any progress.
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State selling Coliseum seats for grand each

June 13, 2013
Associated Press
The Indiana State Fair Foundation says 100 pairs of platform-mounted seats are being sold for $1,000 each. All the money raised from the sale will help pay for the ongoing $63 million renovation of the 1939 Fairgrounds Coliseum.
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Pence officials seek ethics opinions from panel

June 13, 2013
Associated Press
A group of state officials is seeking advice from Indiana's ethics commission about potential conflicts of interest from new jobs and old relationships.
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State lawmakers override Pence veto of tax measure

June 12, 2013
Associated Press
The governor wrote to lawmakers Monday asking them to sustain his veto of retroactively implementing local income taxes for Pulaski and Jackson counties. But House and Senate leaders pushed the override, saying the bill corrects a mistake by the state.
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State lawmakers returning to consider veto override

June 12, 2013
Associated Press
Gov. Mike Pence wrote to lawmakers Monday asking them to sustain his veto of retroactively implementing local income taxes for Pulaski and Jackson counties.
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Agency: Opting for overdrafts means higher fees

June 11, 2013
Associated Press
A U.S. agency says consumers who opt for overdraft coverage on their checking accounts pay higher fees and are more likely to have their accounts closed than those who decline it.
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Analysts: Midwest drivers to see lower gas prices

June 11, 2013
Associated Press
The worst may be over for drivers in the upper Midwest who have been grappling with the highest gasoline prices in the continental U.S.
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New tax break reduces Indiana share of casino revenue

June 11, 2013
Associated Press
Total tax receipts from casinos fell nearly 18 percent last month compared with May of last year, according a report released Monday by the Indiana Gaming Commission.
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Indiana highway commissioner picked for Purdue job

June 11, 2013
Associated Press
The head of the Indiana Department of Transportation is looking to join former Gov. Mitch Daniels at Purdue University.
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Anderson lodge's decline mirrors city's changed demographics

June 11, 2013
 IBJ Staff, Associated Press
Anderson Elks Lodge 209 wants to auction off its building at 1803 Broadway St. The lodge has about 260 members, a sharp decline from the nearly 2,000 members it boasted in the 1970s.
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Pence urges lawmakers to uphold tax bill veto

June 10, 2013
Associated Press
Pence sent a letter to legislators urging them to uphold his veto of a local tax measure. The measure retroactively approves taxes collected by Jackson and Pulaski counties to pay for new jails.
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