AP News

New group trying to raise profile of community colleges

June 6, 2012
Associated Press
Community college leaders in Virginia, Indiana and other states say their schools' roles in giving students an affordable education and job training are undervalued, so they're banding together to fight for federal policy changes.
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Indianapolis fighting spread of ash borer in parks

June 6, 2012
Associated Press
Crews are treating ash trees in Indianapolis' city parks to combat the spread of the tree-killing emerald ash borer.
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Indiana GOP ready for Paul delegates at convention

June 5, 2012
Associated Press
Paul has effectively suspended his race for president, but his supporters have pressed on with hopes of crafting the party's national platform by winning delegate seats in state-level convention battles.
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Domestic-partner benefits proposal introduced

June 5, 2012
Associated Press
Health-care benefits would be offered to the domestic partners of Indianapolis city workers under a proposal introduced Monday night to the City-County Council.
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Indiana hires Deloitte to assess $500M in mistakes

June 4, 2012
Associated Press
Indiana's state budget leaders picked international accounting firm Deloitte on Monday to determine the scope of an external audit looking at how the state lost track of more than $500 million in tax revenues.
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Indiana state tax collections take May dip

June 4, 2012
Associated Press
May's state tax revenue came in $143 million below projections. That comes after April's revenue was up about $159 million due to faster-than-usual tax returns processing.
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Pepsi dropping its name from Indiana fairgrounds arena

June 4, 2012
Associated Press
Pepsi is dropping its name from the Indiana State Fairgrounds' Pepsi Coliseum after more than 20 years as the arena's title sponsor. Fair officials could not agree on a new naming rights contract with PepsiCo Inc.
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Dead fugitive from central Indiana defrauded hundreds

June 4, 2012
Associated Press
Oregon authorities say 62-year-old Phillip Ferguson died last week from a gunshot wound to the head soon after fleeing from two officers and an FBI agent. Ferguson vanished in 2000 after being accused of bilking more than 600 investors out of $30 million.
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WellPoint seeks to diversify by buying contacts retailer

June 4, 2012
Bloomberg News, Associated Press
WellPoint Inc. plans to buy lens retailer 1-800-Contacts Inc. in a deal worth an estimated $900 million, giving the insurer its first direct-to-consumer business outside selling individual health coverage.
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Local company part of $470 million paper mill deal

June 4, 2012
 IBJ Staff and Associated Press
Indianapolis-based holding company Schwarz Partners LP has formed a joint venture with The Kraft Group LLC to buy two major paper mills from industry giant International Paper Co. The mills are part of a three-mill sale worth $470 million.
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Indiana panel moves toward audit of $500M in mistakes

June 4, 2012
Associated Press
Indiana's state budget leaders on Monday are expected to take another step toward finding what caused more than $500 million in tax-revenue accounting errors, but a final answer is still a long way off.
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Voucher supporters tout Indiana program's 1st year

June 3, 2012
Associated Press
Indiana's school voucher program has finished its first year with enrollment on the rise and supporters trumpeting the program's successes.
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U.S. stock market plunges after dismal jobs report

June 1, 2012
Associated Press
A dismal U.S. jobs report and other evidence of a global economic slowdown clobbered U.S. stocks Friday.
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Police car maker not giving up on Indiana plans

June 1, 2012
Associated Press
A company with plans for building high-tech police cars at an eastern Indiana factory has added a venture capitalist on board as it tries to raise millions of dollars to get off the ground.
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Simon Property reaches $2 billion credit arrangement

June 1, 2012
Associated Press
Indianapolis-based Simon Property Group Inc., the country's largest shopping mall operator, has a new $2 billion unsecured revolving line of credit.
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U.S. unemployment rate rises on dismal jobs report

June 1, 2012
Associated Press
U.S. employers created only 69,000 jobs in May, the fewest in a year, and the unemployment rate rose to 8.2 percent, up from 8.1 percent in April, the first increase in 11 months.
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Former state worker sentenced in welfare scam

May 31, 2012
Associated Press
A former Indiana welfare worker has been sentenced to more than three years in prison for creating bogus debit cards he and a co-worker used to steal $185,000 from needy residents' state benefit accounts.
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Judge hears fight to sex offenders' Facebook ban

May 31, 2012
Associated Press
A federal judge said Thursday she plans to rule within a month on the constitutionality of an Indiana law that bans registered sex offenders from using social networking websites where they could prey on children.
More

Reports of owner discord circulate around IndyCar CEO Bernard

May 31, 2012
Associated Press
A Speed.com report claims IndyCar founder Tony George and a handful of team owners are behind a charge to have Randy Bernard fired. Also listed were team owners John Barnes, Kevin Kalkhoven, Michael Andretti and his father, Mario.
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Johnson County considers more fees for revenue boost

May 31, 2012
Associated Press
A central Indiana county is looking at a wide range of new or increased fees to make up for what officials say are declines in tax revenue.
More

Job held by Purdue president's husband being cut

May 31, 2012
Associated Press
An administrative job at Purdue University held by the husband of school's president France Cordova is being eliminated as she leaves the school this summer.
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Indiana fair lawsuits won't go to trial until 2014

May 30, 2012
Associated Press
A group of lawsuits filed over last summer's deadly Indiana State Fair stage collapse likely won't go to trial for nearly two years.
More

Former Kentucky amusement park in bad shape

May 30, 2012
Associated Press
The new partners who are working toward reopening the former Kentucky Kingdom amusement park say the facility is in bad condition and may not reopen until 2014.
More

Indiana's corn crop faces stress from heat, drought

May 30, 2012
Associated Press
An agricultural expert says Indiana's recent hot, dry weather is likely taking a toll on the state's young corn crop.
More

Gary schools laying off nearly 170 teachers

May 30, 2012
Associated Press
Gary Community Schools Superintendent Myrtle Campbell said the district needs to cut $11 million from its budget, and personnel is the biggest part of its spending.
More
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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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