AP News

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.
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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.
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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.
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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.
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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.
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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.
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Indiana official warns against new investment tool

May 30, 2012
Associated Press
Indiana's secretary of state is urging investors to thoroughly vet new online investment operations coming under a new federal law.
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Franchitti earns nearly $2.5 million for Indy 500 win

May 29, 2012
Associated Press
Dario Franchitti landed $2,474,280 from an overall purse of $13,285,815 for Sunday's victory. The four-time series champion from Scotland became just the 10th driver to win IndyCar's signature event at least three times.
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Greenwood eyes more office parks for I-65 corridor

May 29, 2012
Associated Press
Greenwood Mayor Mark Myers wants to see more offices, corporate headquarters and medical facilities along Interstate 65. He's been meeting with business owners and developers in the area to discuss ways they can team up to pursue that goal.
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State, utility plan cleanup of long-closed gas plant

May 29, 2012
Associated Press
Indiana's environmental agency and Duke Energy Corp. are moving ahead with the cleanup of a long-closed manufactured-gas plant in Shelbyville.
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Indy 500 in the books, but heat isn't a record

May 27, 2012
Associated Press
Fans sought shade under the grandstands and beneath umbrellas. Misting stations got a healthy workout. But Sunday's Indianapolis 500 won't go down in the record books as the hottest in the 101-year history of the race.
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Ganassi Racing dominates as Franchitti wins 3rd Indy 500

May 27, 2012
Associated Press
Dario Franchitti stamped his name in the record books by winning his third Indy 500 on Sunday, a day that started and ended as a tribute to Dan Wheldon, who won the race a year ago but was killed in an October crash in the IndyCar season finale.
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Facing money gap, candidate Gregg plays small ball

May 27, 2012
Associated Press
Democratic gubernatorial candidate John Gregg hopes time is money as he heads into the heart of the 2012 Indiana governor's race.
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Indy speedway replaces stage following inspection

May 25, 2012
Associated Press
A temporary outdoor stage set up to entertain race fans at the Indianapolis Motor Speedway has been replaced after it failed to meet new safety standards enacted by the state following last year's deadly stage collapse at the Indiana State Fair.
More

Typical CEO at public firm made $9.6M last year, study finds

May 25, 2012
Associated Press
Study that pegs Simon Property's CEO as highest-paid finds executive compensation is soaring along with profit at public companies.
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Calumet plans to add 48 jobs at Indianapolis headquarters

May 25, 2012
 IBJ Staff
The oil refiner, which currently has 75 full-time Indiana employees, has begun hiring management, accounting, sales, human resources and information technology workers.
More

Pending GED changes likely to challenge some adults

May 24, 2012
Associated Press
By 2014, passing the Indiana General Education Development exam is likely to be more difficult for many adults, but those who do pass it will be more employment-ready.
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Wabash College president ready to step down

May 24, 2012
Associated Press
Patrick White, president of the private, all-male liberal arts college in Crawfordsville for the past six years, says he'll leave his post a year from now.
More

Local school district reviewing test breach allegations

May 24, 2012
Associated Press
Leaders of an Indianapolis school district said they're preparing a report for state officials into the possible disclosure of student assessment test questions by teachers at one of the state's largest high schools.
More

Republic Airways CEO talks Bombardier jet plans

May 24, 2012
Associated Press
The CEO of feeder airline operator Republic Airways Holdings Inc. said on Wednesday that new Bombardier jets could be flown in the United States in a partnership with one of the big airline alliances.
More
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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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