AP News

Cummins boom drives up demand for apartments

March 24, 2012
Associated Press
A hiring boom at engine maker Cummins and the economic recovery are leaving many people in search of apartments out in the cold in Columbus.
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Daniels names former counsel Massa to high court

March 23, 2012
Associated Press
Gov. Mitch Daniels on Friday named 50-year-old Mark Massa to fill the vacancy created by the retirement of Chief Justice Randall T. Shepard from the Indiana Supreme Court.
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Judge orders Sugarland to testify in April on stage collapse

March 23, 2012
Associated Press
The country duo's Jennifer Nettles and Kristian Bush had proposed giving depositions in May regarding the deadly 2011 state fair accident, but on Friday Marion Superior Court Judge Theodore Sosin instead ordered testimony early next month.
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Lilly receives Europe's OK for new Byetta use

March 23, 2012
 IBJ Staff and Associated Press, Associated Press
European regulators have approved an expanded use for the diabetes treatment Byetta, developed by Eli Lilly and Co. and Amylin Pharmaceuticals Inc. The FDA approved the same expanded use last fall.
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Manufacturer expanding northeast-Indiana operations

March 23, 2012
Associated Press
Busche Enterprise Division Inc. said it will spend about $17 million to buy, expand and equip a factory near its headquarters in the Noble County town of Albion, adding up to 120 workers by 2015.
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Court: Indiana can't deny welfare without reason

March 22, 2012
Associated Press
The Indiana Supreme Court said Thursday that the state Family and Social Services Administration can't deny Medicaid, food stamps or welfare to people without first doing a better job of telling them why.
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Insurers speed health care overhaul preparations

March 22, 2012
Associated Press
The nation's big insurers are spending millions to carry out President Barack Obama's health care overhaul even though there's a chance the wide-reaching law won't survive Supreme Court scrutiny.
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Indiana United Ways get $3.15M for storm recovery

March 22, 2012
Associated Press
The Lilly Endowment is giving a $3.15 million to the Indiana Association of United Ways to help southern Indiana recover from recent tornadoes and other storms.
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Lawsuits filed over school bus crash that killed 2

March 22, 2012
Associated Press
Indianapolis-based personal-injury attorney Ken Nunn says some of the injuries to children from a school bus crash in Indianapolis that killed the driver and a student could have been prevented if the bus had seat belts.
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Indianapolis attorney pleads guilty to theft charges

March 22, 2012
 IBJ Staff and Associated Press
An Indianapolis attorney has pleaded guilty to theft charges after prosecutors say she took nearly $600,000 from two accounts for which she was responsible.
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Sugarland wants to delay stage testimony until May

March 21, 2012
Associated Press
The country duo Sugarland want to wait until May to give depositions in lawsuits over a stage collapse at the Indiana State Fair because they're preparing to tour, their attorney argued in court motions filed Wednesday.
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Gay-youth advocacy to fight for Indiana plate's return

March 21, 2012
Associated Press
An Indiana gay-youth advocacy group said it will seek legal help and fight to keep its specialty license plate despite opposition from lawmakers and conservative activists.
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Governor signs bill regarding residents resisting police

March 21, 2012
Associated Press
Gov. Mitch Daniels has signed into law a bill laying out when Indiana residents might be legally justified in using force against police officers.
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Builders betting on brighter U.S. housing market

March 21, 2012
Associated Press
Residential building permits are being filed nationally at about half the rate considered healthy by most economists, but builders have grown more confident over the past six months after seeing more people express interest in buying a home.
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Purdue search panel violates state notice law

March 21, 2012
Associated Press
A state official says Purdue University's presidential search committee didn't follow Indiana law when it held private meetings in Indianapolis without sufficient public notice.
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Manning's move boosts Broncos' ticket price, Super Bowl odds

March 20, 2012
Associated Press
Former Indianapolis Colt Peyton Manning’s arrival in Denver is already driving up Broncos ticket prices and improving their odds of winning the Super Bowl.
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Broncos set to announce Manning as new quarterback

March 20, 2012
Associated Press
After being pursued by teams around the NFL, the quarterback with four MVP awards is headed to the land of John Elway and Tim Tebow, agreeing to a contract with Denver that's expected to be worth about $96 million over five years.
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Delaware County regroups after green factories fizzle

March 20, 2012
 IBJ Staff and Associated Press
A central Indiana county is pulling back its financial support for a pair of green-energy companies who so far haven't delivered on plans for factories with hundreds of workers.
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Retiring Indiana chief justice celebrated at ceremony

March 19, 2012
Associated Press
Judges, attorneys, many former law clerks and others honored retiring Indiana Chief Justice Randall Shepard on Monday, praising his ongoing commitment to the state and leadership in its legal community.
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Fewer Indiana schools considered 'dropout factories'

March 19, 2012
Associated Press
The number of Indiana high schools considered "dropout factories" fell by half between 2002 and 2010, from 30 to 15, according to a report released Monday.
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Governor signs state smoking ban into law

March 19, 2012
Associated Press
Indiana Gov. Mitch Daniels signed the smoking ban bill and other legislation during a ceremony Monday morning at his Statehouse office.
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Building rentals help school district make ends meet

March 19, 2012
Associated Press
Franklin is planning to raise $120,000 by renting the performing arts center and middle school auditorium this year — six times what the district made in rental fees four years ago.
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Popular barbershop gets makeover from community

March 18, 2012
Associated Press
Whiteland residents have rallied around a beloved barber who has been cutting hair in the Johnson County community for more than four decades by helping him remodel his shop.
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Daniels says he has no interest in vice presidential nomination

March 16, 2012
Bloomberg News
Indiana Gov. Mitch Daniels, who declined to seek the U.S. presidency this year, said he isn’t interested in being selected as the Republican vice presidential nominee.
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Indiana school district expected to end bus fees

March 16, 2012
Associated Press
A cash-strapped Indiana school district that angered parents by turning its buses over to a not-for-profit that began charging for children to ride will likely end that practice soon.
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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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