AP News

U.S. homes lost to foreclosure up 25 percent this year

September 16, 2010
Associated Press
August makes the ninth month in a row that the pace of homes lost to foreclosure has increased on an annual basis. Banks have been stepping up repossessions to clear out their backlog of bad loans.
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Republicans: Force state to live within means

September 15, 2010
Associated Press
House Minority Leader Brian Bosma, R-Indianapolis, said the state's next two-year budget doesn't have to be "honestly balanced," meaning the state could spend more than it takes in by dipping into reserves if the economy continues to sag.
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Daniels says no presidential pitch made at dinners

September 15, 2010
Associated Press
Indiana Gov. Mitch Daniels said Wednesday he has hosted about a dozen dinners with top Republican fundraisers and business and policy leaders, but never pitched himself as a potential presidential candidate.
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UPDATE: Schrenker pleads guilty to securities fraud

September 15, 2010
 IBJ Staff and Associated Press
Former money manager admits to bilking friends, family members and other investors out of millions of dollars before trying to fake his own death. He'll be sentenced Oct. 7.
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Defendant pleads guilty in $880M fraud case

September 15, 2010
 IBJ Staff and Associated Press
A Florida man with ties to the founder of Indianapolis-based Williams Realty Group pleaded guilty Wednesday to running a multistate Ponzi scheme that prosecutors say left investors with up to $100 million in losses.
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Factory production creeps up again

September 15, 2010
Associated Press
Production at U.S. factories grew in August for the 12th time in 14 months, but at a slower rate than earlier this year.
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Court delays hearing on Indiana school funding lawsuit

September 14, 2010
Associated Press
Hamilton Southeastern Schools, Franklin Township Schools and Middlebury Community Schools sued the state in February, claiming the school funding formula unfairly penalizes growing districts.
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Indiana's average SAT scores drop slightly

September 13, 2010
Associated Press
Indiana's combined score on the three portions of the exam was 1,482 out of a possible 2,400 points. Nationally, the average was 1,509.
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USA Track & Field fires CEO

September 13, 2010
Associated Press
Chief operating officer Mike McNees will assume leadership duties of the Indianapolis-based USA Track & Field while the board begins its search to replace Doug Logan.
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AFL-CIO takes stand against NFL owners

September 13, 2010
Associated Press
One of the nation's largest unions said it sent NFL owners a letter warning that a lockout in one of America's few thriving industries could cost thousands of Americans their jobs and cities more than $140 million in revenue.
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Indiana college students seek degrees that offer jobs

September 12, 2010
Associated Press
College students are selecting majors that will lead straight to a job after graduation and not into a field riddled with layoffs and unemployment, local college leaders said.
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New filings for jobless benefits fall to two-month low

September 9, 2010
Associated Press
Even with latest decline, new filings for jobless benefits are still much higher than they would be if the economy is healthy.
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Fort Wayne hoping to keep some Navistar jobs

September 9, 2010
Associated Press
Fort Wayne officials say they aren't giving up hope that Navistar International Corp. will keep some jobs in the city despite the company's decision to consolidate operations in suburban Chicago.
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Auto parts workers hope vote will save jobs

September 8, 2010
Associated Press
Continental Structural Plastics said last month it would close an Ohio plant, and spend about $9 million on upgrades to a factory in Indiana where it will have up to 350 workers by 2012.
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Indiana panel's proposal would expand net metering

September 7, 2010
Associated Press
The draft net metering rule would boost the state's power cap for renewable power units and expand it to all customer classes served by electric utilities.
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Indiana casino commission: Staffer hid complaints

September 7, 2010
Associated Press
The commission found the misconduct after an internal review about why 56 of 154 complaints made against the casinos during 2009 had gone unanswered.
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Auto auction's new owner calls first event a success

September 7, 2010
Associated Press
Auctions America by RM, which bought the former Kruse Auction Park in Auburn two months ago, said more than 25,000 people attended this past weekend's event, during which sales topped $13 million.
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Indiana farm income expected to jump 20 percent

September 4, 2010
Associated Press
Indiana farmers can thank weather problems around the world and a recession at home for an expected jump in their income this year.
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Indiana's August revenue jumps 8.4 percent from year ago

September 3, 2010
Associated Press
The state Budget Agency reported Friday that Indiana collected $938 million in August. That's $51 million above the most recent forecast, but still $2 million less than projected in the budget lawmakers passed in early 2009.
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Indiana to get share of Botox settlement

September 3, 2010
Associated Press
Botox maker Allergan Inc. said it would pay $600 million to settle a years-long federal investigation into its marketing of the drug. Indiana will get $636,000 of that money.
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State makes it easier to renew asbestos-removal license

September 2, 2010
Associated Press
Indiana currently licenses about 2,500 asbestos-removal professionals each year.
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Logistics firm plans 100-plus jobs in Greenwood

September 2, 2010
Associated Press
Caterpillar Logistics will lease at least half of a 668,000-square-foot warehouse that has been empty since it was built four years ago.
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New Jersey fines Carmel company over dangerous toy

September 1, 2010
 IBJ Staff and Associated Press
Indiana Novelty International, which does business as Kipp Brothers, was ordered to pay a $54,300 fine and reimburse the state's investigative costs.
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Ex-Dow Agro scientist's espionage indictment unsealed

August 31, 2010
 IBJ Staff
A federal indictment unsealed Tuesday in Indianapolis charged 45-year-old Ke-xue "John" Huang with theft and attempted theft of trade secrets to benefit a foreign government.
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New website pulls together state budget data

August 31, 2010
Associated Press
The state has a new transparency website that pulls together Indiana budget data, spending reports and other financial information that had previously been spread across multiple sites.
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  1. Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.

  2. Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.

  3. I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.

  4. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  5. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

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