Receivership business picks up for property managers
Companies hired by the courts to manage properties in financial distress are benefiting as the number of such properties grows.
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Companies hired by the courts to manage properties in financial distress are benefiting as the number of such properties grows.
Monday’s decision throws out a $65.2 million patent-infringement verdict won by Ariad for royalties on Lilly’s osteoporosis
drug Evista and sepsis medicine Xigris.
The embattled businessman was booked into the Hamilton County Jail following an incident Saturday morning at his Geist Reservoir
home.
Attorneys general in at least 13 states have signaled they intend to challenge the constitutionality of the legislation in
court.
Deadline approaching for nominees for this year’s Eugene & Marilyn Glick Indiana Authors Award. And three writers will score
big.
Sweeping changes phase in slowly for most, but insurers, hospitals, drug companies, employers, workers, medical device makers
and more will eventually feel impact.
More than a dozen people spent the night in an east-side Indianapolis motel after fire and smoke forced them from their East
Washington Street apartment building. Eleven residents of the Washington Arms Apartments were treated for smoke inhalation
Sunday after fire broke out in the basement and spread. When firefighters arrived, they found several residents hanging out
of upstairs windows. No serious injuries were reported. Damages are listed at $100,000.
BMW has won a contract from Indiana-based Carbon Motors Corp. worth more than $1.35 billion to supply engines for U.S. police
cars.
The superintendent of Martinsville Schools is expected to make a statement Monday after being arrested this weekend on charges
of driving under the influence. Ron Furniss was arrested on Blue Bluff Road in Martinsville Saturday night after being clocked
at 61 mph in a 35-mph zone. He was taken to the Morgan County jail, according to police, but has been released on bond. Police
say Furniss had a blood-alcohol content of 0.16, twice the legal limit at the time of his arrest.
Two teenagers have died after the bicycle they were riding was hit by a pickup early Sunday morning. The accident occurred about 2 a.m. on U.S. 31 near Seymour. Todd Schurman, 17, died at the scene. Zach Grubb, 17, died later after being treated for severe head trauma in Indianapolis. Police don't believe drugs or alcohol were a factor. Fox59 will have more at 4 p.m.
The aim is to spur redevelopment on the city’s blighted near-east side before the 2012 Super Bowl is played in Indianapolis.
Drugmakers and insurers could gain millions of customers under the legislation, but the industry also will pay new fees and
face stricter rules that may shrink profit and fuel mergers.
ITT Educational Services and other for-profit educators are buying not-for-profit colleges to gain access to their regional
accreditation. The tactic could fuel rapid growth but makes critics uncomfortable.
The legislation, piggybacked to the health care bill that passed Congress Sunday night, could also mean major job
losses for Sallie Mae, which employs about 2,400 people in Indiana, including 1,700 in Fishers.
To pay for the changes, the legislation includes more than $400 billion in higher taxes over a decade, roughly half of it
from a new Medicare payroll tax on individuals with incomes over $200,000 and couples over $250,000.
Teachers have traditionally taken summer jobs, but union claims more are working evenings and weekends during the school year.
Republican precinct committee members selected a replacement of Lincoln Plowman, who resigned earlier this month.
Software maker took abrupt turn into advertising for its customers when recession threatened.
Indiana State Teachers Association forecasts up to 5,000 teachers may lose their jobs. That’s about 8 percent of public school
teachers statewide.