AP News

Official says feds got Indiana error rate wrong

September 14, 2011
Associated Press
Indiana makes a lot of errors on unemployment insurance benefits, the White House and U.S. Labor Department said Wednesday, but the state official overseeing those payments said federal officials are making mistakes of their own.
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National, state SAT scores tumble as participation rises

September 14, 2011
 IBJ Staff and Associated Press
Average scores dropped in the United States and in Indiana, where a record number of students took the college-assessment test.
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Conservative legislator Delph won't challenge Lugar

September 14, 2011
Associated Press
State Sen. Mike Delph said Wednesday he would stay in the Indiana Legislature and focus on raising his family.
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Big sales forecast by CEO boosts Cummins stock

September 14, 2011
Associated Press
Cummins Chairman and CEO Tim Solso said Tuesday that 2011 would be a record year for the Columbus manufacturer.
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Census: Nearly 1 in 6 Hoosiers impoverished last year

September 13, 2011
Associated Press
The Census Bureau estimated that 16.3 percent of Indiana residents, or 1.35 million people, lived in households earning less than the poverty level, compared with 15.1 percent nationally.
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Indiana schools chief lauds overhaul in annual speech

September 13, 2011
Associated Press
Indiana Schools Superintendent Tony Bennett used his second annual assessment of the state's education system to promote a sweeping overhaul approved this year.
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Purdue: Indiana corn-crop yields take a hit

September 13, 2011
Associated Press
The nation's latest crop report predicts that Indiana's drought-stressed corn crop will see yields 20 bushels lower per acre than in a normal year.
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Sugarland named in notice of stage-collapse suit

September 13, 2011
Associated Press
The band that was preparing to perform at the Indiana State Fair before a fatal stage collapse has been named as a defendant in a potential lawsuit in a notice sent to the state attorney general.
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Tort claims over state fair stage collapse exceed 20

September 13, 2011
Associated Press
The state is facing more than 20 potential lawsuits one month after the deadly outdoor stage collapse during the Indiana State Fair.
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Wind-turbine company moving into Evansville plant

September 13, 2011
Associated Press
A company that makes wind-turbine blades says it will start its first U.S. facility at a former refrigerator plant in Evansville that Whirlpool Corp. closed last year. The business said it could employ up to 400 workers in the area by 2014.
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U.S. student-loan default rates jump sharply

September 13, 2011
Associated Press
The national two-year default rate rose to 8.8 percent last year, from 7 percent in fiscal 2008, according to the Department of Education. Driving the increase was an especially sharp increase among students who borrow from the government to attend for-profit colleges.
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FDA gets new report on Lilly diabetes drug

September 12, 2011
Associated Press
Drugmakers Eli Lilly and Co. and Amylin Pharmaceuticals Inc. said Monday that patients taking their potential once-weekly diabetes treatment, Bydureon, saw a significant improvement in cardiovascular risk factors.
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Authors Guild sues universities over online books

September 12, 2011
Associated Press
Authors and authors' groups sued the University of Michigan, Indiana University and three other universities Monday, seeking to stop the creation of online libraries made up of as many as 7 million copyright-protected books they say were scanned without authorization.
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IBM putting Watson to work in health insurance

September 12, 2011
Associated Press
IBM’s supercomputer system, best known for trouncing the world’s best “Jeopardy!” players on TV, is being tapped by one of the nation’s largest health insurers to help diagnose medical problems and authorize treatments.
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Daniels' book latest of many governors' tomes

September 11, 2011
Associated Press
Of the nation's 50 sitting governors, almost a quarter of them are authors. Four, including Daniels, have written tomes while serving as their state's chief executive.
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Mourdock could benefit from climate regulations

September 9, 2011
Associated Press
Indiana Treasurer Richard Mourdock has campaigned heavily against measures to combat climate change even as he holds stock in an energy company that's banking on those regulations to help build a market for its product.
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Stocks plunge as worries about Europe intensify

September 9, 2011
Associated Press
Stocks plunged Friday, erasing the week's gains, amid rising fears about fallout from Europe's debt crisis. Seeking safer investments, investors sent the yield on the 10-year Treasury note to the lowest level in five decades.
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Manning out indefinitely after latest neck surgery

September 9, 2011
Associated Press
Indianapolis Colts quarterback Peyton Manning is likely to be sidelined for at least eight weeks and possibly all season after having his third neck surgery in 19 months.
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Monroe County board to consider adding I-69 to plan

September 8, 2011
Associated Press
Opponents of Indiana's nearly $3 billion Interstate 69 extension are urging a southern Indiana planning board to keep the highway out of its transportation plan despite the state's warning that doing so could endanger federal funding for local projects.
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Video shows former councilor taking money from FBI agent

September 8, 2011
 IBJ Staff and Associated Press
Prosecutors showed video in court of a former Indianapolis City-County Council member taking what they say was a $5,000 bribe from an undercover FBI agent seeking help opening a strip club in the city.
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State lawyer calls IBM bid to depose Daniels 'meritless'

September 7, 2011
Associated Press
If Indiana Gov. Mitch Daniels can promote his book and lead a motorcycle tour, he isn't too busy to testify about his decision to cancel a contract with IBM Corp. to automate welfare applications, the technology giant contends in a court filing.
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Indiana tea party groups look to endorse Lugar foe

September 7, 2011
Associated Press
A coalition of Indiana tea party groups is planning a statewide convention this month that will culminate with them endorsing a candidate to run against Sen. Richard Lugar, an organizer said.
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UPDATE: Wind delays hoisting of monument sculpture

September 6, 2011
Associated Press
The 38-foot-tall monument was taken down in April for a $1.5 million restoration project to fix decades of weather and water damage.
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Johnson County still dealing with 2008 flood

September 6, 2011
Associated Press
Johnson County officials have been working to buy about 40 flooded properties in an area a few miles west of Greenwood, so they can be demolished.
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Indiana classic car auction sees attendance jump

September 5, 2011
Associated Press
Officials of the company that has taken over a long-running classic car auction in northeastern Indiana say they believe it has bounced back from the financial and legal troubles of its former owner.
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. 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.

  4. If you only knew....

  5. 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.

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