Ex-investors plead guilty to mortgage fraud
Two former real estate investors have pleaded guilty to federal charges that they set up straw deals to obtain inflated
mortgages on more than 100 Indianapolis houses.
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Interactive Intelligence expects 3Q profit, revenue growth
Communication software maker Interactive Intelligence Inc. said Monday that, based on preliminary results, it expects to report
that third-quarter earnings rose as product and services revenue climbed.
Holiday World sets turnstile record
Holiday World & Splashin’ Safari amusement park in southern Indiana has set an attendance record, drawing more than 1 million visitors for the fourth year in a row.
Schrenker plans book about plane crash
An indicted Indiana money manager plans a book about an attempt to flee mounting personal problems that ended with him parachuting
from a plane that later crashed into a Florida swamp.
Insurers escalate criticism of health overhaul
The insurance industry sharply escalated its criticism of the Senate health care bill Sunday, charging that the legislation
would shift costs to privately insured people, raising the price of a typical policy by hundreds, if not thousands, of dollars
annually.
IU professor wins Nobel economics prize
IU professor Elinor Ostrom won the Nobel economics prize on Monday for her analyses of economic governance, becoming the first woman to win the prize since it was founded in 1968.
Schools try to fit in parent-teacher conferences
Indiana schools are finding creative ways to squeeze in parent-teacher conferences after the state ruled that the sessions
could no longer count toward instructional time.
Underage alcohol program nabs 370 retailers
An Indiana State Excise Police initiative that uses underage customers to catch retailers selling alcohol to people under
age 21 netted more than 370 violations across Indiana in only three months.
USDA forecasts huge soybean, corn harvests
Record harvests are being forecast for corn and soybean farmers, and now the focus turns to bringing the giant crop in from
the field.
West Lafayette delays switch to metered trash pickup
West Lafayette’s city council has delayed implementation of a new “pay as you throw” garbage collection system.
Tyson to add 80 jobs in Corydon expansion
Tyson Foods Inc. plans to expand a poultry-processing operation in southern Indiana and says it will add nearly 80 jobs.
Trade deficit narrows unexpectedly to $30.7B
The U.S. trade deficit unexpectedly narrowed in August as exports posted a small gain, while imports fell on a big drop in
demand for foreign oil.
Stimulus to brighten city’s traffic lights
The bright lights of Indiana’s largest city are getting brighter—at hundreds of street intersections, anyway.
House OKs defense bill that funds Rolls Royce engine
Despite a vaguely worded veto threat by President Barack Obama, the House on Thursday easily adopted a major defense
policy bill that calls for continued development of a costly alternative engine for the Pentagon’s next-generation fighter
jet.
Business inventories fall for 12th straight month
Businesses reduced inventories at the wholesale level for a record 12th consecutive month in August, although in an encouraging
sign, sales jumped by the largest amount in 14 months.
Many retailers report September sales declines
Early September reports from retailers show sales are still falling for many amid worries about jobs and tight credit, but
many of the results came in better than expected.
New jobless claims fall to lowest level since January
The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early
January, as layoffs eased a bit amid a fledgling economic recovery.
Maine protest targets Anthem’s rate-hike appeal
Demonstrators on Wednesday backed Maine’s insurance superintendent for rejecting a request from the state’s largest private health insurer seeking an 18-percent rate hike for its individual insurance plans.
Caterpillar plans about 100 layoffs at Indiana plant
Caterpillar Inc. plans to lay off about 100 workers from an Indiana engine plant where it has already cut hundreds of jobs.
Delphi emerges from Chapter 11 after 4 years
Auto parts supplier Delphi finally exited bankruptcy protection on Tuesday nearly four years to the day it filed for Chapter
11.