AP News

General Growth hearing delayed to weigh bids

April 26, 2010
Bloomberg News
General Growth Properties Inc., the second-biggest U.S. mall owner, said a bankruptcy court hearing on its auction process will be delayed five days to give the company time to consider competing bids, including one from Indianapolis-based Simon Property Group.
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Franklin residents still struggle with solution for flooded land

April 25, 2010
Associated Press
Crews will begin in late April demolishing the first of 74 homes south of downtown Franklin damaged by massive flooding in June 2008. Officials still haven't decided how to reuse the land, and residents are torn.
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New helicopters coming for Indiana medical flights

April 23, 2010
Associated Press
Clarian Health officials on Thursday plan to buy four helicopters as it replaces aircraft in its aging patient-transport fleet.
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Indiana budget chief orders another 5 percent in cuts

April 22, 2010
Associated Press
State revenues are $867 million, or 9.4 percent, less than forecast through the first nine months of the current fiscal year.
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PNC Financial's quarterly profit falls on bailout repayment

April 22, 2010
 IBJ Staff and Associated Press
PNC Bank has about 80 bank branches and 1,100 employees in the Indianapolis area, all doing business under the National City name.
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Indianapolis gets $10 million for clean energy

April 21, 2010
Associated Press
The grant announced Wednesday is part of $452 million in stimulus funding nationwide for projects meant to make buildings more energy efficient.
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Report: Indiana far short of funding teacher pensions

April 21, 2010
Associated Press
Indiana is among the nation's five most underfunded teacher pension programs, but low ranking is misleading.
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Indiana near bottom of heap for 2010 earmarks

April 18, 2010
Associated Press
Indiana received just over $14 per capita and ranked 48th among all states, down from 43rd in 2009.
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Cash-strapped schools eye full-day kindergarten

April 17, 2010
Associated Press
Many districts want to keep the full-day programs and say they're considering increasing fees to do so.
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Duke: New coal plant's cost rises to $2.9B

April 16, 2010
Associated Press
Duke Energy says the cost of the coal-gasification power plant it's building in southwestern Indiana has risen by $530 million.
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Expansion set for Camp Atterbury training site

April 15, 2010
 IBJ Staff and Associated Press
The proposed plan will expand the Indiana National Guard's Camp Atterbury, bring economic development to south-central Indiana, and open a new fish and wildlife area in Putnam County in western Indiana.
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Rockefeller: Insurers don't spend enough on medical care

April 15, 2010
Bloomberg News
Indianapolis-based WellPoint “reclassified” more than half a billion dollars of administrative expenses as medical expenses when it was defining its medical-loss ratio, according to a report released by U.S. Senator Jay Rockefeller’s office.
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Report: Simon may drop General Growth bid

April 12, 2010
Bloomberg News
Shares in General Growth Properties Inc., the second-biggest U.S. mall owner, fell as much as 6.7 percent Monday morning after a newsletter report that Simon Property Group Inc. may abandon a takeover bid for its smaller rival.
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AIG's American General unit said to be seeking $3B term loan

April 9, 2010
Bloomberg News
Bank of America Corp. is arranging a five-year loan that will be sold at a discount of 98 cents to 98.5 cents on the dollar, according to a source who declined to be identified because the discussions are private.
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Louisiana gets $20M in Lilly drug settlement

April 7, 2010
Associated Press
Louisiana was one of 13 states that filed individual suits in state courts over allegations that Lilly pushed Zyprexa for uses that had not been approved by federal regulators.
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Indiana high court hears casino card-counting case

April 7, 2010
Associated Press
An Indianapolis man sued the Grand Victoria Casino and Resort after it banned him from the blackjack table in 2006. The casino won the suit, but the state appeals court reversed that decision. The casino asked the high court to weigh in.
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Obama, Manning, Letterman help Butler celebrate

April 6, 2010
Associated Press
From the White House to Main Street, the Bulldogs opened eyes and turned heads.
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NCAA title game earns best TV rating since 2005

April 6, 2010
Associated Press
More than 48 million viewers watched at least some of Monday night's game, the most since 50 million tuned in for Arizona-Kentucky in 1997.
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Hundreds show interest in jobs at police car maker

April 6, 2010
 IBJ Staff and Associated Press
Company executives told those at Monday's information sessions that many jobs will require an associate's degree in engineering and computer literacy to operate assembly-line machines.
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Butler's near-miss run captivates thousands of fans

April 6, 2010
Associated Press
It was the third runner-up finish for the city in the past six months. The Indiana Fever lost in the WNBA finals, the Indianapolis Colts lost the Super Bowl and now Butler.
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White House hails economic gains, foretells slow recovery

April 4, 2010
Associated Press
Buoyed by good news on the jobs front, the White House claimed credit Sunday for reversing the downward economic spiral while bracing out-of-work Americans for a slow recovery.
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Price of scrap metals surge upward

April 3, 2010
Associated Press
After plummeting along with the rest of the economy, the price of scrap metals is surging upward.
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Compensation for WellPoint's Braly rises 51 percent

April 2, 2010
Associated Press
Stock options, bonus fuels CEO's pay.
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Purdue signs Painter through 2016-17 season

April 2, 2010
 IBJ Staff and Associated Press
Purdue announced Friday that the new contract gives Matt Painter a $1.3 million base salary, plus up to $1 million of incentives for academic, athletic and attendance performance.
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Lilly wins court ban on generic copy of Gemzar

April 1, 2010
Bloomberg News, Associated Press
Eli Lilly and Co. won a U.S. court ruling Wednesday that bars Teva Pharmaceutical Industries Ltd. from selling a generic version of the cancer drug Gemzar until November.
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  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

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