AP News

Panel rejects audit of Indiana revenue department

December 14, 2011
Associated Press
Republican members of the State Budget Committee have rejected Democrats' request for an independent audit of the Indiana Department of Revenue for misplacing $320 million.
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City-County committee nixes tougher smoking ban

December 14, 2011
 IBJ Staff and Associated Press
The City-County Council's Rules and Public Policy Committee voted 6-2 Tuesday night against sending a tough smoking-ban proposal to a full council.
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Express Scripts, WellPoint in contract fight

December 13, 2011
Associated Press
Pharmacy benefits manager Express Scripts Inc. said Tuesday it is in the middle of a contract dispute with WellPoint Inc., one of the biggest health insurers in the United States.
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Illinois tax breaks could trigger demand for more

December 13, 2011
Associated Press
Under the threat of losing thousands of jobs to other states, Illinois lawmakers on Tuesday approved a tax-relief package meant to keep Sears and the Chicago Mercantile Exchange from leaving. The state's governor is expected to sign it.
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Rolling Stone, Bacardi to host Super Bowl bash

December 13, 2011
 IBJ Staff and Associated Press
Rolling Stone magazine and rum maker Bacardi say they plan to throw a star-studded party the night before the Super Bowl at a renovated factory called The Crane Bay two blocks west of Lucas Oil Stadium.
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U.S. retail sales increase for sixth straight month

December 13, 2011
Associated Press
Americans spent more on autos, furniture and clothing at the start of the crucial holiday shopping season, boosting retail sales for a sixth straight month. Meanwhile, sales fell at grocery stores, building supply stores and restaurants.
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Illinois Senate considering CME Group tax breaks

December 13, 2011
Associated Press
The Senate has approved similar legislation in the past, so the latest version is likely to get the chamber's stamp of approval. Indianapolis and, likely, Carmel have been trying to lure the company to Indiana.
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Salin Bank President Kit Stolen resigns

December 12, 2011
Greg Andrews
Alvin “Kit” Stolen joined the Indianapolis-based bank in August 2009 with big plans to boost its presence in the center of the state. The major expansion didn't materialize.
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Complex accounts made it easy for state to miss $320M

December 11, 2011
Associated Press
Indiana House and Senate Democrats say they want an investigation into how the money went missing for so long. They submitted a letter to the state's budget forecasting committee requesting an independent audit of the state's finances.
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Judge delays ruling on dismissal of White case

December 9, 2011
Associated Press
An Indiana judge expects to rule by Dec. 16 on whether Indiana Secretary of State Charlie White must stand trial on voter fraud and other criminal charges that could lead to his ouster.
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Hoosier Lottery paring down lavish new offices

December 9, 2011
Associated Press
Hoosier Lottery officials have started getting rid of some office and gym equipment that was purchased for the agency's $2 million move to a new downtown Indianapolis headquarters.
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Biglari set to make big move on Cracker Barrel

December 9, 2011
Associated Press
Cracker Barrel will hold its annual shareholder meeting Dec. 20, and Sardar Biglari, who controls Indianapolis-based Steak n Shake, is seeking a seat on the company's board of directors.
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IndyCar Series won't return to Las Vegas in 2012

December 9, 2011
Associated Press
The IndyCar Series won't return to Las Vegas Motor Speedway next season, and its future at the track depends in part on what it learns from the investigation into Dan Wheldon's fatal accident.
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Republic Airways monthly traffic up 2 percent

December 9, 2011
Associated Press
Republic Airways Holdings Inc., which uses regional jets to feed traffic to major airlines, said that its November traffic rose 2 percent.
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Downtown getting blast-resistant manhole covers

December 9, 2011
Associated Press
Utility crews are installing about 100 new manhole covers in downtown Indianapolis that are designed to reduce the extent of damage from underground explosions and fires.
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Speculation swirls around next Indiana chief justice

December 8, 2011
Associated Press
Speculation suggests that Indiana's newest Supreme Court's justice is a likely possibility to serve as the next chief justice, one day after longtime Chief Justice Randall T. Shepard announced his retirement.
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Ball State skips on buying triple-x domain names

December 8, 2011
Associated Press
Unlike Indiana's other major colleges, Ball State University isn't trying to buy up possible school Internet domains names using a new suffix meant for pornography sites.
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Unemployment aid applications drop to 9-month low

December 8, 2011
Associated Press
Employers added a net total of 120,000 jobs last month. The economy has generated 100,000 or more jobs five months in a row — the first time that has happened since April 2006.
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Sides reach $150,000 deal in school-bullying lawsuit

December 7, 2011
Associated Press
A former student at a central Indiana high school has agreed to a $150,000 settlement of her lawsuit claiming school officials failed to stop bullying by a male classmate.
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Indiana offers $300K to stage-collapse victims

December 6, 2011
Associated Press
The state is offering at least $300,000 to families of each of the seven people who died after a stage collapsed at the Indiana State Fair, with more available for those whose loved ones spent days hospitalized before their deaths, Attorney General Greg Zoeller said Tuesday.
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Daniels says state discovers extra $300 million

December 6, 2011
Associated Press
Indiana Gov. Mitch Daniels says the state budget will see a one-time cash infusion of $300 million from tax collections that weren't properly transferred into the general fund.
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Bulls, Pacers to open preseason with charity game

December 6, 2011
Associated Press
The Indiana Pacers will open the long-delayed preseason Dec. 16 by hosting the Chicago Bulls at Conseco Fieldhouse. All proceeds from the game will go to the United Way of Central Indiana.
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Bad weather for some Indiana crops helped vineyards

December 6, 2011
Associated Press
Purdue University wine experts say lousy growing conditions this year for some Indiana crops proved ideal for the state's vineyards.
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Eight Indiana mail centers targeted for closure

December 5, 2011
Associated Press
Eight Indiana mail-processing centers in Indiana, including a newly identified one in Columbus, are among 252 nationwide the U.S. Postal Service has proposed closing beginning next April in a cost-cutting move.
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Military contractor plans new Indiana headquarters

December 5, 2011
Associated Press
Sellersburg-based Rivera Consulting Group Inc. announced Monday that would build a new facility in Clarksville and expects to add up to 85 jobs over the next three years.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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