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Articles
Local real estate developer files for bankruptcy
Cornelius M. Alig, chairman and CEO of Mansur Real Estate Services Inc., filed for Chapter 7 protection, listing $11 million in personal debt he attributed to the prolonged slump in the real estate market.
BioCrossroads launches second seed fund
BioCrossroads Inc. has raised an $8.25 million seed fund in its second attempt to help startup life sciences companies grow to the point where they can attract venture capital or a corporate funder.
Mourdock will keep energy stocks if elected to Senate
Indiana Treasurer Richard Mourdock, who is challenging Republican Sen. Richard Lugar in the May 8 primary, held six different energy-related stocks last year, according to his most recent filing with the state.
Researchers mull reasons behind Indiana’s gender wage gap
Reasons for Indiana’s wage gap between men and women range from the job mix in the state to whether women are staying in the workforce or taking breaks to have children.
Judge rejects Durham motion to throw out indictment
The ruling by federal Judge Jane Magnus-Stinson is a big setback for Durham and his attorney, John Tompkins, who in court papers had alleged “outrageous government misconduct.”
FERGUSON: Hoosiers won’t benefit from anti-Lugar fervor
Being a long-serving member of the Congress representing a state used to be a huge net plus.
Union says right-to-work law violates free speech
Union attorneys are using a U.S. Supreme Court ruling that gave corporations and unions the green light to spend unlimited sums of cash on campaign ads as part of a legal effort to overturn Indiana's new right-to-work law.
New data brightens Indy area’s jobs picture
Bureau of Labor Statistics revises numbers, but region is still 30,000 jobs short of pre-recession peak.
S&P completes biggest first-quarter rally since 1998
More than $3.6 trillion has been restored to U.S. equity values since October amid better-than-estimated earnings and economic data. Indianapolis-based WellPoint Inc. surged 11 percent this week, as the Supreme Court debated the health care law.
Fair Finance trustee attorneys could land bigger jackpot
Attorneys assisting the Fair Finance Co. bankruptcy trustee have agreed to no longer be paid by the hour but instead on a contingency based on a percentage of funds recovered for shareholders of the company owned by indicted financier Tim Durham.
Southport faces steep budget cuts after years of procedural errors
New Southport Mayor Jesse Testruth and Clerk-Treasurer Diana Bossingham are sorting out years of financial woes that plagued the previous administration, including two unsatisfactory state audits that were forwarded to the county prosecutor’s office for review.
SULLIVAN: New consumer agency could hinder economy
Protection must be balanced with allowing credit to flow
Fair bankruptcy trustee alleges complicity by silence
Lawyers overseeing Fair Finance's liquidation charge that, every step of the way, businesspeople who crossed Tim Durham’s path and witnessed questionable behavior looked the other way—because it was highly profitable for them to do so.
FEIGENBAUM: Fiscal issues to dominate waning days of the session
This year, with the right-to-work debate having sucked all the air out of the session—and largely all the fight out of House Democrats—before the Super Bowl, the final weeks of the session are less intriguing than usual.
VAUGHN: Crush corruption before it gets in the water
The mind-set seems to be that these are individual transgressions.
Supreme Court to consider who should replace Charlie White
Vop Osili, a Democrat who lost the 2010 secretary of state's race by 300,000 votes, says he still wants the job.
Fair Finance trustee sues former owner for $150M
The lawsuit charges Donald Fair knew Tim Durham was looting the business but kept quiet to collect millions of dollars in payments scheduled to be made from 2002 to 2007.