AP News

One teacher quits, 5 suspended in Indy district

June 29, 2012
Associated Press
An Indianapolis school district said Friday it suspended five teachers and another resigned amid an investigation into cheating on a state standardized biology exam at one of Indiana's largest high schools.
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Indiana sends Congress tab for illegal immigration

June 29, 2012
Associated Press
Indiana's budget director calculates illegal immigrants have cost Indiana $130.9 million.
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High court health care decision good for some, not others

June 29, 2012
Associated Press
The Supreme Court's decision Thursday to uphold President Barack Obama's historic overhaul is expected to boost many players in the health care industry, but not every corner of the sector will benefit.
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N.C. regulators clear hurdle to Duke-Progress merger

June 29, 2012
Associated Press
North Carolina utility regulators have approved the merger of Duke Energy and Progress Energy, the last major hurdle to creating the largest American electric company.
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Indianapolis sets water-use records amid drought

June 29, 2012
Associated Press
The water company for Indianapolis and some of its suburbs is asking customers to cut back on lawn watering after setting records this week for one-day use.
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Indiana to hold securities brokers more accountable

June 29, 2012
Associated Press
Secretary of State Connie Lawson said the new provisions will help her office provide better protection to investors.
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Fed grant to help female Indiana ex-cons

June 29, 2012
Associated Press
An Indianapolis not-for-profit is receiving a $1.5 million federal grant to provide job training and support services to girls or women who formerly were incarcerated.
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Insurance stocks sink, hospital shares rise after ruling

June 28, 2012
Associated Press
Stocks of hospital companies rose sharply and insurance companies fell Thursday after the Supreme Court upheld a requirement that almost all Americans carry health insurance. WellPoint shares were down more than 5 percent.
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U.S. health-care overhaul upheld by Supreme Court

June 28, 2012
Bloomberg News
The U.S. Supreme Court has upheld the core of President Barack Obama’s health-care overhaul, preserving most of a law that would expand insurance to millions of people and transform an industry that makes up 18 percent of the nation’s economy.
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Valero Energy idles central Indiana ethanol plant

June 28, 2012
Associated Press
Valero Energy Corp. has temporarily stopped production at a central Indiana ethanol plant because of rising corn prices.
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Daniels to receive large raise as Purdue president

June 27, 2012
Associated Press
Indiana Gov. Mitch Daniels will receive a big pay raise when he leaves office in January and takes over as president of Purdue University, possibly earning more than five times as much salary.
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Indiana child services agency increasing spending

June 27, 2012
Associated Press
The Indiana Department of Child Services expects to serve more than 11,000 additional families each year by adding a total of $47.8 million over three years to new and existing programs.
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Pacers make it official: Bird out, Walsh back in

June 27, 2012
 IBJ Staff and Associated Press
The Indiana Pacers made it official Wednesday morning: They are parting ways with basketball operations president Larry Bird and bringing back Donnie Walsh.
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Acid spill contained at local chemical company

June 27, 2012
Associated Press
Fire department officials say up to 1,000 gallons of sulfuric acid leaked from a storage tank at a chemical business near downtown Indianapolis.
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Indiana awaits ruling before starting health exchange

June 26, 2012
Associated Press
Indiana has spent the past year and a half planning for its own health insurance exchange in case the U.S. Supreme Court upholds President Barack Obama's health care law, but the state still could end up being forced into the federal exchange.
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Pence wants moratorium on new business regulations

June 26, 2012
Associated Press
Mike Pence said that if elected governor, he'll issue an executive order against new regulations and ask his budget office to review existing rules to ensure they use the least-costly approach and aren't burdensome to job-creation efforts.
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Anderson's former GM plants getting second look

June 26, 2012
Associated Press
Anderson officials said they are excited that companies have been showing interest in some of the industrial or commercial properties left by General Motors that need or are undergoing environmental cleanups.
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Haynes plans $23.5M expansion, 40 more jobs in Kokomo

June 26, 2012
Associated Press
Kokomo-based Haynes International Inc. plans a $23.5 million project to increase production at a central Indiana factory where it makes specialty metal plates and sheets for the aerospace and other industries.
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American Legion challenges Indiana smoking ban

June 25, 2012
Associated Press
An American Legion post in northeastern Indiana has asked a federal judge to put a hold on a statewide smoking ban set to take effect Sunday.
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ACLU: Arizona ruling shows Indiana law is invalid

June 25, 2012
Associated Press
A lawyer who challenged Indiana's immigration law in federal court says the U.S. Supreme Court's decision blocking part of a similar law in Arizona shows the Indiana law is unconstitutional.
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High court rejects part of Arizona immigration law

June 25, 2012
Associated Press
The Supreme Court has struck down key provisions of Arizona's crackdown on illegal immigrants. But the court said Monday that one much-debated part of the law could go forward.
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Court rejects corporate campaign spending limits

June 25, 2012
Associated Press
The U.S. Supreme Court on Monday reaffirmed its 2-year-old decision allowing corporations to spend freely to influence elections. The justices struck down a Montana law limiting corporate campaign spending.
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Indiana county ready for fair after grandstands fire

June 25, 2012
Associated Press
Temporary metal bleachers have been built along a track at the Shelby County Fairgrounds to replace the 133-year-old wooden grandstands destroyed in an arson last month.
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Judge upholds Indiana Facebook ban for sex offenders

June 24, 2012
Associated Press
The ACLU has said it will appeal a federal judge's decision to uphold an Indiana law that bans registered sex offenders from accessing Facebook and other social networking sites used by children.
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Attorney general ties $6M for fair victims to private settlement

June 22, 2012
Associated Press
To get some of the additional $6 million the state is offering, victims of the Indiana State Fair stage collapse would agree to clear Mid America Sound and J. Thomas Engineering of any wrongdoing. In return, they also would get a portion of $7.2 million the companies are offering.
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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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