Simon’s Rushmore Mall loan sent to servicer, Fitch says
A loan with a balance of $94 million on a South Dakota shopping center owned by Simon Property Group was sent to a special servicer because default is imminent, Fitch Ratings said.
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Duke Energy CEO apologizes to regulator over probe
The head of Duke Energy said he regrets that officials with the nation's largest electric company went too far in their criticism of North Carolina regulators responsible for setting rates in its top power market, according to a letter released Tuesday.
Lilly plans another study for Alzheimer’s drug
Eli Lilly will launch another study of its possible Alzheimer's treatment solanezumab, a move that delays a regulatory decision on a drug that flashed potential to help patients with mild cases of the fatal disease.
City unveils plan to convert vehicle fleet from gas, diesel
Mayor Greg Ballard outlined plans to shift the city’s fleet of cars, heavy trucks and even police cruisers to a mix of electricity and natural gas by 2025.
City unveils plan to phase out gas, diesel from vehicle fleet
Mayor Greg Ballard outlined his plan to shift the city’s fleet of cars, heavy trucks and even police cruisers to a mix of electricity and natural gas by 2025.
Settlement ends bitter battle over Mel Simon estate
A long, contentious family battle over the $2 billion estate of the late shopping mall tycoon Melvin Simon has ended with a confidential settlement.
IU policy school hires ex-Fort Wayne Mayor Helmke
Helmke will join the faculty of the School of Policy and Environmental Affairs. He also run the Civic Leaders Living-Learning Center to train first-year IU students in government, politics and policy.
Cummins to buy back up to $1B in stock
Cummins Inc. said Tuesday that its board approved the repurchase of up to $1 billion in stock. The Columbus-based engine maker said it has nearly completed its previous $1 billion buyback plan authorized in February 2011.
Indy school district gets $29M federal grant
The Education Department says the Warren Township school district is expected to receive about $29 million from the federal Race to the Top competition.
IBJ Movie Night: ‘Hyde Park on Hudson’
Bill Murray plays President Roosevelt and you could be among the first to see it.
Michigan becomes latest right-to-work state
Michigan lawmakers gave final approval Tuesday to right-to-work legislation, dealing a devastating and once-unthinkable defeat to organized labor in a state that has been a cradle of the movement for generations.
Yakey takes new role at Lilly Endowment
The Lilly Endowment has named former Indianapolis Economic Development Corp. president Wallace "Ace" Yakey Jr. as the vice president for community development, the Indianapolis grant maker announced Tuesday.
NIEZGODSKI: Hoosiers would be nuts to game this paltry system
Consider for a moment what it’s like to be on unemployment in Indiana.
TORR: Existing laws are sufficient to weed out fraudulent claims
Anytime a government program makes tax dollars available to certain individuals, unfortunately, a few will look to game the system.
DOWD: Hillary will finish the job Obama started
The Mayans were right when they predicted the world would end in 2012. It was just a select world: the GOP universe of arrogant, uptight, entitled, bossy, retrogressive white guys.
MUTZ: Arcane rules will haunt the new Congress
The priority for Congress as it convenes in a lame-duck session is to reach an agreement that averts a fiscal crisis. To accomplish that goal, it may also be necessary to agree on major changes to three arcane procedures that govern the House and Senate.
HOWEY: Unchastened Chocola soldiers on
One thing is clear in the troubling weeks following the loss of a Republican U.S. Senate seat in Indiana: Chris Chocola will not give up easily in his quest for ideological purity.
BONIFIELD: Protect Ritz’s heartening voter mandate
By all accounts, Glenda Ritz has a daunting challenge as the next superintendent of public instruction. Across a state that has been at the forefront of the so-called education reform movement, recent legislation has incensed and motivated teachers in profound ways.
BECK: The biggest and worst of the elections
For the political among us, 2012 was solely focused on the election. From the early days in January with the Iowa caucuses to the ongoing transitions at the state and federal levels, the year was packed with action.
MYERS: Children need moms and dads at home
Single-parent families are at a significant economic disadvantage, and more black children in Indiana (42 percent) are living in poverty than are nationally (36 percent).