Circle City Classic names director
For those that missed it in the IBJ print edition two weeks ago, the Circle City Classic has named a new director. The official announcement comes today. For more details on the new…
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House, Senate get closer to budget agreement-WEB ONLY
Leaders of the Democrat-controlled House and Republican-ruled Senate said last night that they were very close to agreeing on a new two-year state budget, and votes on the plan were expected today. Lawmakers must pass a new budget or a stopgap funding measure by midnight, when the current spending plan expires, or Republican Gov. Mitch […]
Indiana almost out of prison space-WEB ONLY
Indiana is running so short on prison space that it has just 26 beds available for its worst offenders. Inmates are already sleeping in beds stacked three high in one prison, and officials are considering renovating common areas like gymnasiums into cells. Department of Correction leaders thought their prison crowding problem would be alleviated – […]
Indiana among leaders for foreign investment-WEB ONLY
Results released today from an Indiana University study show that the state is one of the nation’s biggest beneficiaries of foreign investment. Firms in which a foreign investor or company had at least a 50-percent stake accounted for 4.6 percent of Indiana’s total private-sector employment in 2006, ranking the state ninth and above the national […]
Donor pledges $6M to Marian University-WEB ONLY
Marian University has received a $6 million pledge – the largest gift in the institution’s history – from a former trustee, the school announced today. The gift was timed to coincide with the Indianapolis-based school’s name change from Marian College to Marian University. The gift should help further the Catholic college’s plan to raise its […]
Madoff judge: ‘Crimes were extraordinarily evil’-WEB ONLY
Historic swindler Bernard Madoff was sentenced to 150 years in prison today for a fraud so extensive that the judge said he needed to send a symbolic message to potential imitators and to victims who demanded harsh punishment. Scattered applause and whoops broke out in the crowded Manhattan courtroom after U.S. District Judge Denny Chin […]
Receiver sale for CityView
A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for about $42,000 per unit, about a third less than the…
Tipton County off hook for Getrag loan-WEB ONLY
Tipton County won’t have to repay Getrag Transmission LLC a $5.5 million loan it received from the company for infrastructure improvements relating to its failed transmission plant, a judge has ruled. A U.S. Bankruptcy Court judge from the Eastern District of Michigan signed a motion Friday that lets the county off the hook, according to […]
Tipton County off hook for Getrag loan-WEB ONLY
Tipton County won’t have to repay Getrag Transmission LLC a $5.5 million loan it received from the company for infrastructure improvements relating to its failed transmission plant, a judge has ruled. A U.S. Bankruptcy Court judge from the Eastern District of Michigan signed a motion Friday that lets the county off the hook, according to […]
Teen arrested in home invasion, robbery-WEB ONLY
Police have arrested Marco Artego, 17, in connection with last week’s home break-in at Center Grove’s Golden Grove subdivision, the Johnson County Sheriff’s Department said this morning. Investigators say one of the victims was hit in the face during the armed robbery. Prosecutors plan to charge Artego as an adult. Fox 59 will have more […]
Foreclosed tower goes up for sale-WEB ONLY
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 […]
Safety improvements begin on north U.S. 31-WEB ONLY
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 settles federal fraud case-WEB ONLY
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 settles federal fraud case-WEB ONLY
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. […]
Filmmakers hope for state tax credits-WEB ONLY
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 […]
Court rules for white firefighters in promotion case-WEB ONLY
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 […]
Filmmakers hope for state tax credits-WEB ONLY
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 […]
Foreclosed tower goes up for sale-WEB ONLY
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 […]
Madoff sentenced to 150 years for fraud scheme-WEB ONLY
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 […]
IRL moves to improve racing
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…