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On a seasonally adjusted basis, the pace of mortgage loan activity dropped 2.1 percent for the week ended Feb. 12, according
to the Mortgage Bankers Association. Rates for 30-year loans were unchanged at 4.94 percent, and rates for 15-year mortgages
were unchanged at 4.33 percent.
Mayor’s report shows smaller cash reserves for many schools, but one charter operator blames late government payments.
A 63-year-old Indianapolis man is behind bars, accused of killing his girlfriend and another woman. Elwini Hart surrendered
to police Saturday night. Police found the bodies of Linda Nickle, 61, and Elizabeth Newcomer, 24, shot to death in Hart’s
residence in the 6800 block of Westdrum Drive on the west side. Nickle’s son told police that his mother and Hart had
argued about Hart moving out of the home. Hart was moving out so that Nickle’s son and fiancé, Newcomer, could
move in. Police say they found marijuana and a gun in Hart’s car.
Alcohol is being blamed in an accident that killed one person on the west side of Indianapolis early Sunday. William Jackson
was charged with causing death while intoxicated and driving on a suspended license. Detectives say the 26-year-old was driving
a Cadillac that struck a Tahoe head-on in the 800 block of North Lynhurst Drive, killing a 25-year-old passenger in the Tahoe.
Four other passengers were injured but are expected to survive. Both Jackson and the driver of the Tahoe fled the scene. Police
suspect both drivers were intoxicated.
The Indianapolis Metropolitan Police Department is expected to name Paul Ciesielski as the city’s new chief of police,
sources say. Ciesielski, commander of the Northwest District, was the department’s public information officer.
Spears has been chief for nearly five years. Fox59 will have more at 4 p.m.
Indianapolis Indians turn traditionally slow night into big money-maker by cutting profit margin at concession stand.
Some observers think Bayh will run for governor again to springboard to the presidency. But to stand out to national, and
possibly even Hoosier, voters, he might be forced outside his cautious comfort zone.
January home sales in the nine-county Indianapolis area fell 16.5 percent from the same month last year, according to a report
from Re/Max of Indiana. But the housing news wasn’t all bad. The average price of a home in the area jumped 12.1 percent.
White River Capital’s profit rose in the fourth quarter, due largely to a strong performance by its main subsidiary, Coastal Credit LLC.
Rolls-Royce Corp.’s Indianapolis manufacturing facility has been awarded a multimillion-dollar contract by the U.S. Army to
develop a digital engine control for one of its helicopters.
President Barack Obama is making a fresh attempt to rescue his health care overhaul by proposing a measure that would allow
the government to deny or roll back egregious insurance premium increases that infuriate consumers.
Claims by Toyota in internal documents that it saved money by obtaining a limited recall from regulators in 2007 create an
even bigger challenge for the automaker's president when he testifies before U.S. lawmakers this week over quality and
safety lapses.
Indiana University's new basketball training complex will be named after billionaire entrepreneur Bill Cook and his wife.
IU athletic director Fred Glass says the Cooks gave $15 million—the single largest gift in IU athletics history—toward
the nearly $20 million basketball training center.
At the heart of the debate is the question of what should be a fair profit for health insurers. WellPoint CEO Angela Braly
will likely be grilled on the issue when she appears at a Congressional hearing Wednesday.
Bayh, who announced last week that he would not seek a third term in the Senate, has wide legal flexibility in directing the
$12.2 million left in his campaign account.
Both measures could be heavily amended before they are voted on as a whole.
Indianapolis’ largest ad agency has achieved a rare coup in the advertising world, winning back one of its biggest former
clients: flooring and upholstery cleaning firm Stanley Steemer.
Nearly four dozen host committee members and Indianapolis officials attended the game. The entourage will apply what they
learned to the 2012 event.
Directors at Chicago-based General Growth Properties Inc. are being sued by a shareholder claiming they shouldn’t have
rejected a $10 billion buyout offer from competitor Simon Property Group Inc.
