UAW halts vote on giveback deal at Indy GM plant
UAW Local 23 bargaining chairman Gregory Clark says members won’t vote on the proposed contract, which would cut base wages from $29 per hour to $15.50.
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Receiver: Schrenker can’t pay restitution
Former money manager who tried to fake his death in a plane crash may not have enough money to pay restitution required as
part of a plea deal on securities fraud charges.Cash options floated for workers at GM stamping plant
Fliers circulating at General Motors' Indianapolis plant show that union members will be offered cash payments of $25,000
to $35,000 and an opportunity to keep a foot in the door with GM, if they agree to work for JD Norman Industries.Bedsore preventer turns to detection
Changes in reimbursement could fuel market for WoundVision’s product.
EDITORIAL: Raising parking fees is wise step
It isn’t difficult to grasp the reasoning behind Mayor Greg Ballard’s proposal to privatize the city’s
parking operations.WellPoint, other health insurers race to join accountable care groups
The health care industry is responding to reforms that will pay doctors bonuses if they provide high-quality care and save
Medicare money.Schrenker to plead guilty to securities fraud
A former money manager convicted of trying to fake his own death in a Florida plane crash last year has agreed to plead guilty
to securities fraud charges in Indiana. Marcus Schrenker would face 10 years in prison.Carmel Clay teachers OK contract
The teachers union at Carmel Clay Schools has ratified a proposed contract. Members voted 228-70 Wednesday night to approve
the agreement with the 15,000-student district. The teachers had been working under terms of an expired contract since July
2008. Union President Sherri Pankratz said she wouldn't disclose details of the contract until the school board approves
it. The board plans to meet Thursday night.Anderson considers ‘litter’ fine
Residents in Anderson may have to pay a fine if they fail to have their dog or cat spayed or neutered. The city council has
proposed an ordinance that would force pet owners to pay a $100 fine for each litter their animal has. It would also
require people who breed pets to have a permit. The council hopes the proposed measure will cut down on the exploding number
of cats and dogs that overwhelm local shelters.Steak n Shake parent postpones meeting amid pay uproar
San Antonio-based Biglari Holdings Inc. said late Monday it will delay a planned Aug. 24 shareholder meeting to give the company
time to
address “misinformation” regarding its CEO’s controversial pay package.Police union slaps down proposed contract
The Fraternal Order of Police has overwhelmingly rejected a new contract with the city of Indianapolis. The Thursday vote
was 748-126 against a new contract, which would have given officers a 1-percent raise during the second year of the contract
and a 3-percent raise after that. The vote came amid anger with a new plan to disband specialty detective units and reorganize
the department.Finish Line founders giving up their extra voting power
The influence of founders’ families in public companies usually wanes over time. But few firms accelerate the process,
as Finish Line is doing.EDITORIAL: City needs to keep momentum from utilities deal
We’re happy to see that partisanship didn’t sink Mayor Greg Ballard’s plan to sell Indianapolis’
water and sewer utilities to Citizens Energy Group. Now city leaders need to make sure they spend the money wisely.Ex-Dow AgroSciences employee accused of stealing trade secrets
The U.S. Department of Justice has charged Ke-xue Huang, a native of China’s Hunan province, of stealing trade secrets of
a Dow AgroSciences insecticide and giving them to the People’s Republic of China. Federal agents arrested the former Dow Agro
scientist July 13 in Westboro, Mass.Developer making final push for embattled Uptown project
Developer Leif Hinterberger has spent five years and most of his savings trying to build a $19M mixed-use
project at 49th Street and College Avenue. The project could be in trouble if he doesn’t get city
support.Proposal: Link federal aid to performance of ITT, peers
The Obama administration released a proposal that would tighten for-profit colleges’ access to federal student aid,
threatening an industry that received $26.5 billion in U.S. funds last year. Carmel-based ITT Educational Services
is among those potentially affected.SHOUP: Emancipation is near for independent contractors
State regulators are gearing up to crack down on companies thought to be treating people as though they are independent contractors
instead of employees.Daniels criticized for lopping costs on I-69 extension
Detractors of new-terrain route say cost cuts undermine economic development premise for extending the interstate.
Indiana: IBM welfare intake work flawed from start
The state is suing IBM for more than $1.3 billion, claiming the company breached one of the biggest outsourcing deals in state
history. IBM wants Indiana to pay $52.8 million it says it’s owed in deferred payments and equipment costs.Indy restaurant roundup: Ripple Inn, Sinking Ship, Longhorn Steakhouse
New restaurants including The Ripple Inn, The Sinking Ship and Longhorn Steakhouse are planned for the Indianapolis area.