New estimate drops health plan’s cost to Indiana
A new estimate has lowered the expected cost of the federal health care overhaul to Indiana’s state government to perhaps $2.6 billion over the next decade.
Associated Press
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U.S. attorney to ask for review of IURC ethics dispute
U.S. Attorney Joe Hogsett says he'll ask "the appropriate federal agency" to review an ethics dispute that has embroiled the Indiana Utility Regulatory Commission and Duke Energy Corp.
NCAA tackles agents issue, looks to new sanctions
Several groups are working with the NCAA to find new ways to enforce rules prohibiting improper agent-related benefits for student-athletes, including possible post-NCAA financial penalties that reach into a player’s potential NFL career.
WellPoint dismisses highly paid subsidiary CEO
Last year, Dijuana Lewis earned a $650,000 salary as one of the insurer’s highest paid executives and received a $200,000 bonus in part for helping to lead the sale of the NextRx subsidiary to Express Scripts Inc. for about $4.68 billion.
Recovery from Schrenker likely to be only 7 percent
A report by the receiver appointed to document Marcus Schrenker’s assets says he just doesn’t have enough money to repay investors more than that.
Purdue developing oil spill website
Purdue University is developing a website with more than 30,000 hours of underwater video from the BP oil spill. More than 400 videos shot by 14 remotely operated underwater vehicles are on the site so far.
Indiana will spend $77 million to reduce impact of new I-69
Environmentalists not impressed, say state is doing the minimum to comply with federal law.
Post office still seeking rate hike for 2011
The U.S. Postal Service had asked for a 2-cent increase in the current 44-cent price for First Class stamps starting in January, but was denied by regulators. It plans to appeal.
Judge OKs General Growth’s restructuring plan
General Growth Properties Inc. said Thursday a bankruptcy judge has approved its reorganization plan, clearing the way for the Simon Property Group rival to emerge from Chapter 11 bankruptcy protection early next month.
Indiana church financier convicted of Ponzi scheme
Jurors deliberated about four hours before convicting Vaughn Reeves, 66, on nine counts of securities fraud.
State sues foreclosure consultants, alleging scams
Indiana’s attorney general is suing 10 companies for allegedly taking advantage of homeowners who turned to them for help saving their homes from foreclosure.
National jobless claims fall, but still elevated
Fewer people applied for unemployment benefits last week, but the drop wasn't enough to reverse a big increase the previous week.
Watchdog groups ask U.S. attorney to probe utility case
Two private watchdog groups have asked the new U.S. attorney in Indianapolis to investigate an ethics flap that has embroiled the Indiana Utility Regulatory Commission and Duke Energy.
USA Track & Field hit with wrongful termination suit
Former USA Track and Field CEO Doug Logan filed a wrongful termination lawsuit against the governing body Wednesday, seeking payment after suddenly being fired last month following a 26-month tenure.
Indiana agency paying law firm $5.25M to sue IBM
Barnes & Thornburg of Indianapolis was hired despite several conflicts of interest arising from the fact that it also represents former IBM partners involved in the welfare deal.
Purdue Tech Center expands by 12,000 square feet
A $2.2 million addition to the Purdue Technology Center is expected to help attract high-tech jobs to northwest Indiana.
Jeffersonville shipyard part of proposed $777M deal
American Commercial Lines Inc. announced Monday that Los Angeles-based Platinum Equity has offered a $777 million for the company, which includes the Jeffboat shipyard in Jeffersonville.
Indiana commerce agency, Purdue plan California office
Officials say the Silicon Valley office will focus on attracting California companies to move to Indiana and to sell venture capitalists on ideas and research generated by Purdue faculty and entrepreneurs.
Court limits lawyers soliciting accident victims
The new rule prevents attorneys from soliciting clients in personal injury or wrongful death cases within 30 days of an accident or disaster.
Flood-damaged Columbus hospital reassessing expansion
Columbus Regional Hospital officials say a decline in its number of inpatients and an increase in outpatients have them considering whether to proceed with a planned $108 million expansion project.