Calumet Specialty plans to sell $450 million of debt
The Indianapolis-based refiner of specialty hydrocarbon products plans to sell $450 million of senior notes. Proceeds will
be used to repay bank debt.
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Ohio manufacturer consolidates distribution in Indy
Cleveland-based Earnest Machine Products has signed a five-year lease for an existing 90,000-square-foot building in Park
100 on the city’s northwest side.
Indianapolis-area homes sales decline 10 percent
However, average home-sale prices for the area sprouted 7 percent from the same month a year earlier, to more than $159,000.
You-review-it Monday
Neil LaBute’s “Reasons to be Pretty” opened at the Phoenix. The Symphony offered a John Denver tribute. What did you do this weekend?
City makes $33.5M deal to keep Indiana Pacers
The city will contribute $10 million annually for three years toward Conseco Fieldhouse operating expenses. It also will provide
at least $3.5 million for capital improvements.
Children’s Museum to offer preschool
Tuition will range from $350 to about $1,050 a semester depending on the number of days a child attends.
Herff Jones closing plant in eastern Pennsylvania
Indianapolis-based Herff Jones Inc. said it will close the printing plant in eastern Pennsylvania this fall, laying off 107
workers.
Purdue steps up efforts to halt illegal downloads
The Higher Education Opportunity Act requires schools to fight illegal distribution of copyrighted material and educate campus
communities about the issue. Schools that don’t comply risk losing their eligibility for federal student aid.
Wind energy transmission raises equity questions
Transmission lines costing about $16 billion are needed to move wind energy into the electric grid. But the cost has sparked
a debate over who should pay for getting the power from where it is made to where it is consumed.
Autistic Indiana man sues social services agency
Lawsuit alleges Indiana’s social services agency illegally counts food stamps as income, resulting in a reduction of state
benefits paid to developmentally disabled people in a Medicaid waiver program.
Purdue board OKs building 3rd luxury dorm tower
The board on Friday approved a $20.6 million construction contact for the First Street Towers project.
State schools spend 58 percent in classrooms
The statewide average for the 2008-09 school year is similar to previous years but still trails the nationwide average by
5 percentage points, according to a budget official.
Lawyers argue for gag order in Carmel case
A judge will hear arguments this afternoon to put a gag order in place in a high-profile Carmel assault case. Lawyers for
a former senior member of the Carmel High School basketball team accused of assaulting a freshman teammate will argue for
the order. The defendants want to limit comments made by everyone involved in the case, including lawyers, investigators,
court employees and police. Four members of the team are charged with misdemeanor offenses in the case. Legal analysts say
it's highly unusual for a gag order to be requested in a misdemeanor case.
Twin girls fight off possible abductor
Indianapolis police are looking for a man accused of grabbing twin 10-year-old girls on their way home from the park. The
incident occurred Wednesday evening at Brighton Park apartment complex, near West 79th Street and Harcourt Road on the northwest
side. According to police, the girls told their mother they fought off a man who tried to drag them into a storage closet
by kicking him in the groin and biting his face. The suspect is described as a white man about 40 years old with dark and
gray hair.