AP News

As Japan shutdowns drag on, auto crisis worsens

March 27, 2011
Associated Press
In the weeks ahead, car buyers will have difficulty finding the model they want in certain colors, thousands of auto plant workers will likely be told to stay home, and companies such as Toyota, Honda and others will lose billions of dollars in revenue.
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No breakthrough in talks to end Indiana House walkout

March 24, 2011
Associated Press
Legislators from both parties threw cold water Thursday on optimism about a breakthrough ending the month-long boycott by Indiana House Democrats.
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Indiana incomes rose in 2010 despite jobless rate

March 24, 2011
Associated Press
A new federal report shows that Indiana residents' personal income grew last year at one of the fastest rates in the nation.
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Smoking bill needs exemptions to survive Senate

March 23, 2011
Associated Press
Health advocates will have to live with wide exemptions in a proposed statewide smoking ban because a stricter, more comprehensive ban wouldn't be able to pass the conservative Senate, the head of a Senate committee said.
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Indiana House leaders meet over Democratic boycott

March 23, 2011
Associated Press
The leader of the boycotting Indiana House Democrats returned to the Statehouse on Wednesday for what he called a "very positive" meeting with Republican House Speaker Brian Bosma.
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Panel backs Indiana gay marriage ban amendment

March 23, 2011
Associated Press
The Senate Judiciary Committee advanced the amendment on a 7-3 party line vote Wednesday, with Republican senators rejecting arguments that language prohibiting civil unions could threaten the ability of employers to offer domestic partner benefits.
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Boycott reaches 30 days for Indiana House Democrats

March 22, 2011
Associated Press
A legislative stalemate in Indiana reached a political milestone on Tuesday as House Democrats stayed away from their jobs for a 30th consecutive day in what now ranks among the longest Statehouse boycotts in recent U.S. history.
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Indiana schools chief says education changes needed

March 22, 2011
Associated Press
State-funded vouchers for private schools and a shift of money to charter schools are necessary steps in the effort to improve Indiana's education system, the state schools superintendent said Tuesday.
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Daniels signs book deal

March 21, 2011
Associated Press
The book is scheduled to come out in September and is being billed by Sentinel as a reminder of "America's urgent need for limited but more effective government, fiscal discipline at all levels, increased liberty for individuals, and a restoration of our national greatness."
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Indicted financier Durham ordered released on $1M bond

March 21, 2011
Associated Press
A federal magistrate in California has ordered a former Indiana businessman accused in a $200 million fraud scheme released on $1 million bond.
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Hunter leaves IUPUI to take coaching job at Georgia State

March 21, 2011
Associated Press
Coach Ron Hunter has left IUPUI after 17 seasons to take over at Georgia State University, a men’s basketball program that has struggled through most of its existence.
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Healthy Indiana Plan expansion opposed by some

March 21, 2011
Associated Press
Indiana wants to use its public health savings account program for low-income adults to cover people who will become newly eligible for Medicaid under the federal health care law beginning in 2014.
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Indiana Legislature moves on without boycotting Dems

March 21, 2011
Associated Press
House Speaker Brian Bosma directed Republican committee chairmen to hold meetings starting this week to discuss Senate bills, even though no official action or votes can be taken until Democrats return and provide the quorum required by the state constitution.
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Indiana senator returning cash from troubled financier

March 21, 2011
Associated Press
An Indiana state senator is returning campaign contributions from Timothy Durham, a former Indianapolis businessman charged with running a Ponzi scheme that defrauded investors of more than $200 million.
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Sides ponder political fallout of Statehouse boycott

March 20, 2011
Associated Press
Both Democrats and Republicans claim the walkout by Indiana House Democrats is rallying support for their side, spurring new donations and rousing the party faithful.
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Grissom air base to get $7.4 million control tower

March 20, 2011
Associated Press
An Indiana air base that houses the nation's largest fleet of KC135 four-engine tankers will get a high-tech air traffic control tower next year that supporters say will better serve its growing military, civilian and commercial aviation needs.
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Group begins work to save historic Wigwam gym

March 20, 2011
Associated Press
The Anderson School Board voted 6-1 this month to shutter the 9,000-seat Wigwam gym complex at the end of current school year as part of a wider budget-cutting plan that includes cutting 65 teachers' jobs.
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WellPoint CEO received 3-percent raise last year

March 19, 2011
Associated Press
The Indianapolis-based insurer awarded Angela Braly a total pay package worth $13.4 million, up from $13.1 million in 2009 even as the company's profit and enrollment numbers slipped.
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School district eyes events, students for revenue

March 19, 2011
Associated Press
Franklin Community Schools officials say they don't want to be in the same situation they were last year, when the state forced the district to eliminate $3 million from its budget.
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Fear of GOP dominance fuels Indiana Dems' boycott

March 18, 2011
Associated Press
Indiana House Democrats, whose walkout nearly a month ago halted the legislative process, remain in no hurry to return considering they face the prospect of losing on almost every vote.
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Wabash National adding 200 jobs at Indiana plant

March 18, 2011
Associated Press
Trailer manufacturer Wabash National Corp. is adding 200 new jobs at its north-central Indiana plant to support a new contract to build bulk storage fluid tankers for another Indiana company.
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Panel nixes transportation aid for charter schools

March 16, 2011
Associated Press
An Indiana Senate panel eliminated part of a proposal on Wednesday that would have required traditional public schools to help provide transportation to students attending charter schools.
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Indiana House walkout brings talk of recall elections

March 16, 2011
Associated Press
The Republican speaker of the Indiana House said Wednesday that the ongoing walkout by Democratic legislators has stirred up interest in one day making such actions illegal or allowing voters to remove boycotters from office.
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Wholesale prices jump on steep rise in food costs

March 16, 2011
Associated Press
Wholesale prices jumped last month by the most in nearly two years due to higher energy costs and the biggest rise in food prices in 36 years.
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Forklift accident kills worker at Indianapolis plant

March 16, 2011
Associated Press
Indianapolis fire officials say a forklift operator was killed at Royal Food Products Inc. when a floor collapsed beneath the machine at the food manufacturing plant.
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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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