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A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for more than 36 percent less than the unpaid loan balance. The local office of CB Richard Ellis is marketing the 166-unit CityView on Meridian for $6.9 million. The 1966 structure on the northeast corner of 38th and Meridian streets includes […]
Police officers and traffic officials will implement a variety of changes today as they try to improve safety on a busy highway in Hamilton County. Law enforcement patrols along U.S. 31 between Carmel and Westfield will identify drivers who speed, follow too closely or drive aggressively. Other efforts include lower speed limits in some areas, […]
University Loft Co. has agreed to pay the federal government $400,000 following an investigation by the U.S. Justice Department alleging the Greenfield-based company violated trade agreements. The Justice Department said Friday that a settlement with University Loft resolves allegations that the company knowingly sold Malaysian-made furniture to government agencies, which violates the Trade Agreements Act. […]
University Loft Co. has agreed to pay the federal government $400,000 following an investigation by the U.S. Justice Department alleging the Greenfield-based company violated trade agreements. The Justice Department said Friday that a settlement with University Loft resolves allegations that the company knowingly sold Malaysian-made furniture to government agencies, which violates the Trade Agreements Act. […]
Lawmakers who are trying to beat tomorrow’s deadline for a new state budget will also determine the fate of a tax credit for movies made in Indiana. The House version contains the 15-percent tax credit – which has been debated for two years – but the Senate version does not. Makers of a movie about […]
The U.S. Supreme Court has ruled that white firefighters in New Haven, Conn., were unfairly denied promotions because of their race, reversing a decision that high court nominee Sonia Sotomayor endorsed as an appeals court judge.New Haven was wrong to scrap a promotion exam because no African-Americans and only two Hispanic firefighters were likely to […]
Lawmakers who are trying to beat tomorrow’s deadline for a new state budget will also determine the fate of a tax credit for movies made in Indiana. The House version contains the 15-percent tax credit – which has been debated for two years – but the Senate version does not. Makers of a movie about […]
A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for more than 36 percent less than the unpaid loan balance. The local office of CB Richard Ellis is marketing the 166-unit CityView on Meridian for $6.9 million. The 1966 structure on the northeast corner of 38th and Meridian streets includes […]
Bernard Madoff has been sentenced to 150 years in prison for his multibillion-dollar fraud scheme. U.S. District Judge Denny Chin handed down the sentence in New York this morning.Prior to his sentencing, Madoff apologized and said he “will live with this pain, this torment, for the rest of my life.” Before the apology, numerous victims […]
Indy Racing League officials were probably not too pleased to hear Target Chip Ganassi Racing driver Dario Franchitti telling a national television audience how “dreadful” and “awful” Saturday night’s race at Richmond was.
But…
The U.S. Supreme Court has ruled that white firefighters in New Haven, Conn., were unfairly denied promotions because of their race, reversing a decision that high court nominee Sonia Sotomayor endorsed as an appeals court judge. New Haven was wrong to scrap a promotion exam because no African-Americans and only two Hispanic firefighters were likely […]
Indiana legislative leaders are back at the Statehouse today as they seek a budget agreement before the current budget expires at the end of tomorrow. House Speaker Patrick Bauer says he and fellow Democrats may be willing to accept a two-year budget instead of the one-year spending plan they previously proposed. But Bauer said today […]
Business has won two important cases in the U.S. Supreme Court in recent days.
Today, the court ruled in favor of white firefighters in New Haven, Conn., who claimed they had been unfairly
denied promotions due to their race….
Another unfortunate outgrowth of our litigious society is the increasing tendency of insurers and policyholders
to settle claims in court.
Cummins is tussling with several insurance companies to try to recover damages from a flood a year ago that
inundated some…
The former chancellor of Ivy Tech Community College-Northeast will reimburse the college more than $5,000 that he spent without school approval to fix up part of a vacant campus building in Fort Wayne where he lived for nearly six months. Mark Keen resigned from his post June 12, several weeks after Ivy Tech officials learned […]
Opening ceremonies are being held today for a new $336 million casino in southeastern Indiana. The new Hollywood Casino on the Ohio River at Lawrenceburg opened up to its first gamblers on Thursday, replacing the 13-year-old Argosy Casino. The new boat is more than twice the size of previous one and has about 4,400 gambling […]
Indiana University will tap into its savings account to keep classes running if lawmakers don’t pass a state budget by tomorrow and state government shuts down. IU officials say the school has $200 million to $300 million in cash reserves that it can use to continue operations in July and August if necessary. The university […]
Indianapolis Mayor Greg Ballard has revised his plan to help the city’s struggling stadium agency out of a projected $47 million deficit for next year. The new proposal to rescue the Capital Improvement Board is similar to others brought to the Indiana Legislature, only this one does not include an additional $13 million in spending […]
Commentary MICKEY MAURER Try KenKen. I think you’ll like it Will Shortz, the crossword puzzle editor of The New York Times, has a new addiction. It’s called Ken-Ken. Ken in Japanese means wisdom, thus KenKen literally means wisdom squared. KenKen was invented in 2004 by the Japanese educator Tetsuya Miyamoto, who incorporates games in his […]
Private equity firms have a reputation as ruthless acquirers. They slash fat and jettison sluggish product lines, all in a quest to wring out higher profits and grow the parts of the business with the most potential. For Indianapolis-based Dow AgroSciences—or at least for its 1,200 local employees—a buyer like that would be a godsend. […]
