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Indiana State University in Terre Haute is among 39 post-secondary schools being investigated by the New York Attorney General’s Office for its student loan practices, reports The Tribune-Star. The New York attorney general is looking into whether ISU directed students to Student Financial Services Inc. regardless of interest rates the company charges in exchange for […]

Shelby County Councilor Tami Grubbs has asked Gov. Mitch Daniels, the Indiana Economic Development Corp. and the Indiana State Board of Accounts for an opinion whether the Intelliplex technology park is operating properly. Grubbs wants to know if the Shelbyville park is operating ethically, legally and in line with state guidelines for Certified Technology Parks, […]

Beleaguered mortgage lender American Home Mortgage Investment Corp. said last night it will close most of its operations-bad news for Fort Wayne, where the Melville, N.Y., company employs 155. In a statement, American Home Mortgage said it would shrink its workforce to 750 from 7,000 today because there is “no realistic alternative.” The Fort Wayne […]

Jim Rogers, the Beeland Interests Inc. chairman who predicted the launch of the commodities boom in 1999, is convinced the nation has yet to see the worst of the housing decline. In an interview with Bloomberg, Rogers, whose New York company bears his middle name, said he has sold short stock in house builders and […]

Indiana University and ChaCha Inc., the human-assisted Internet search engine based in Carmel, said this afternoon that IU will make its librarians and information technology staff available to ChaCha users. The IU experts will help ChaCha users sift through unwanted material in order to focus on the information users want. Users will be linked by […]

Rising costs to sell and market a broadened line of electronics helped reduce fiscal fourth-quarter profit at Kimball International Inc. to $4.5 million from $10.4 million a year earlier. The Jasper electronics and furniture maker said the most recent quarter also looked poor because the same quarter a year earlier benefited from a tax break. […]

ChaCha Inc., the human-assisted Internet search engine based in Carmel, this afternoon is expected to announce a research-and-development alliance with Indiana University. ChaCha founder Scott Jones will join IU Vice President for Information Technology Brad Wheeler for a news conference at IUPUI. Founded last year, ChaCha quickly raised $6 million from investors, including Amazon.com founder […]

A record 116 patents were filed by Indiana University faculty and staff in the fiscal year ended in June, the IU Research & Technology Corp. said today. The figure was roughly double the number of the past three years. Activity had retreated following a surge early in the decade. Five businesses were created, also an […]

Saying its need for electricity can be filled in other ways, Evansville-based Vectren Corp. announced yesterday that it will not go forward with a southwestern Indiana coal gasification project it planned with Duke Energy Corp. Vectren instead will turn to buying power, according to the Evansville Courier & Press. The company also will rely more […]

So many mortgage opportunities are available over the Internet that the unfolding woes of a single lender, American Home Mortgage Investment Corp., have caused relatively few problems in the Indianapolis area, real estate professionals say. Some buyers have been unable to close home purchases through the Melville, N.Y., giant, but the numbers appear to be […]

The possible bankruptcy of Charlotte, N.C.-based Beazer Homes USA Inc. caused investors to dump its stock today. Its shares were down 19.8 percent, to $11.34, at noon. Beazer, which entered the Indianapolis area in 2002 through its acquisition of locally based Crossmann Communities Inc., is the second-largest homebuilder in the area, according to IBJ ‘s […]

The city of Columbus, Ohio, and an affiliated redevelopment group are suing Indianapolis-based Simon Property Group Inc. over unpaid rent at a local mall, according to an article in Business First of Columbus. Mayor Michael Coleman and Capitol South Community Urban Redevelopment Corp. CEO Guy Worley said yesterday that they have sued Simon and General […]