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Knight refuses IU’s offer to settle lawsuit

Bob Knight didn’t like Indiana University making a private matter public, and he didn’t want IU alumni footing the bill to
settle a lawsuit. On Tuesday, Knight released a statement saying he will return a $75,000 check sent last week by school officials
as a settlement offer.

Concrete firm agrees to pay $29M in price-fixing case

A lawyer says Irving Materials Inc. has agreed to pay $29 million to settle a class-action antitrust lawsuit alleging it and
six other companies conspired to fix the price of ready-mixed concrete.

Indiana lands $39.4M in power-grid stimulus grants

IPL will receive $20 million to help pay for a $48.8 million project to install more than 28,000 smart meters; Midwest ISO
will get $17.3 million toward a $34.5 million project to install 150 phasor measurement units.

cschultz test: Challenges remain for Emmis despite NASDAQ save

Emmis Communications Corp. shares closed about $1 for the 10th consecutive day on Monday, saving the firm’s listing on the NASDAQ exchange, but big challenges remain for the locally based owner of radio stations and magazines. Investors bid up the company’s shares to $1.53 on Monday, a more than 600 percent gain from a low […]

Smoking-ban backers, opponents vow to keep battling

Supporters of a stricter ban on smoking in Indianapolis workplaces said the City-County Council’s decision Monday night to table the proposal will not kill efforts to get legislation passed.

U.S. set to declare recession over, but job pain will persist

The government will release figures this week expected to show that the economy has awakened from its deepest slump since
the 1930s. But the following week, the government will issue another set of figures expected to show unemployment continuing
to rise.

Demand is steady for Maxwell Apartments

Locally based Barrett & Stokely Inc. has taken over management of The Maxwell Apartments downtown at 530 E. Ohio St. The community
already is about 50 percent occupied.

Panel says school-start proposals need more study

A legislative study committee declined Monday to endorse the idea of a uniform, later start date for Indiana schools, voting
instead to send the issue back to fellow lawmakers for more debate and study.

Council tables smoking ban

Efforts to broaden Indianapolis’ workplace smoking ban came up short Monday night as members of the City-County Council voted
to table the proposal. The ordinance would have prohibited patrons from lighting up in bars, bowling alleys and nightclubs,
expanding an existing law that prohibits smoking in most public places, including restaurants that serve minors.