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State sues S&P over flawed ratings of securities

Securities Commissioner Chris Naylor accuses S&P of “systematically and intentionally” misrepresenting its analysis of securities backed by commercial or residential mortgages in order to “maximize revenue and market share.”

Black Expo shooter charged with forgery

New charges have been filed against the man convicted in the 2010 Indiana Black Expo Summer Celebration shootings, Marion County Prosecutor Terry Curry announced Friday. Shamus Patton, 20, was charged with six counts of forgery, Class C felonies, for allegedly falsifying the signatures of business managers on work-release documents. Department of Correction inmates involved in the program are allowed passes to leave the facility to search of employment.
 

Pence apologizes for Facebook deletions

Indiana Gov. Mike Pence apologized Friday after his staff deleted comments from his official Facebook page that criticized a statement he issued supporting the state’s ban on gay marriage. A handful of gay marriage supporters complained that their comments were deleted and profiles blocked from the page. Pence initially said the comments were deleted because they were vulgar or inflammatory, but a review found some of the comments were deleted because they disagreed with his opinion.
 

Friday fun: Free concerts

You can’t swing a dead squirrel north of 96th Street these days without hitting a cooler-and-blanket-toting suburbanite headed for a free concert.

St. Vincent Health eliminating about 865 jobs in Indiana

It was not clear how many workers were losing their jobs in the Indianapolis area. However, people familiar with the cuts said the reductions were heavy in the administrative ranks, and many of those jobs are on the city’s north side.

Junkyard cleans up mess after IDEM finds violations

The state says a Hancock County salvage yard had made headway in fixing environmental violations found during a March inspection. The owner still faces an unrelated lawsuit from county officials.

Finish Line sees profit slip on Macy’s costs

In addition to announcing quarterly results, the retailer said longtime president and chief operating officer Steve Schneider will move into the position of executive vice president of strategic initiatives.

Mel Simon estate quietly showering charities with millions

The estate earmarked at least $1 million for nine recipients, from Butler University and the Indiana University Foundation to The Children’s Museum of Indianapolis, the United Way of Central Indiana, and the James Whitcomb Riley Memorial Association.

‘World War Z’: A conversation

Who better to see the big-budget horror epic with than the author of “Night of the Living Trekkies”? Listen in on our post-screening chat.

Doctors caught in cost-cutting crossfire

Physicians employed by Indianapolis-area hospitals are likely to see their pay cut in the next few years unless the hospitals find new ways to be significantly more efficient.

Issuers of bonds burned by rate hike

Government entities across Indiana have spent the past two years refinancing every possible bond to take advantage of historically low rates, but the savings might not be so easy to come by if rates continue to rise.