Majestic Star casino company misses debt payments
The company that owns two casinos along Indiana’s Lake Michigan shore has been declared in default on nearly $80 million in
debt by its lenders.
Associated Press
Articles
Indiana State Bar names first black president
Roderick Morgan of the Indianapolis-based firm of Bingham McHale was named president of the group at its annual meeting.
Unions prod Obama to fix ailing airline industry
U.S. Transportation Secretary Ray LaHood is holding a forum Thursday to discuss the state of the airline industry, which is
mired in a severe economic slump and blamed for using a business model critics say undermines safety.
Indianapolis gets new signs to direct Super Bowl traffic
Highway signs around Indianapolis are getting makeovers to help direct Super Bowl 2012 visitors to downtown attractions.
Traffic down at new Indianapolis airport terminal
The new terminal at Indianapolis International Airport has seen a 10-percent decline in passengers during its first year.
Indiana hospitals face Medicaid-reimbursement cut
The Indiana Family and Social Services Administration announced Tuesday that $34 million in new budget cuts includes a 5-percent
cut in Medicaid reimbursements to hospitals.
Old Indianapolis baseball stadium now a junk yard
A salvage company is leasing the Bush Stadium field from the city parks department to store vehicles it collected in the federal
Cash for Clunkers program.
Major stock indexes climb to yearly highs
Major stock indexes rose as much as 2 percent, including the Dow Jones industrial average, which jumped 203 points.
State’s offer of unpaid leave faces uncertain popularity
Indiana is offering state government employees voluntary unpaid leave, but it’s unclear how many workers might give up part
of their paycheck.
Record number of Indiana taxpayers e-filed this year
Indiana taxpayers filed a record 2.2 million electronic federal tax returns this year.
House health bill unacceptable to many in Senate
A government health insurance plan included in the House health care reform bill is unacceptable to a few Democratic moderates who hold the balance of power in the Senate.
Indiana jobless benefits extended 20 more weeks
Federal legislation will provide up to 20 weeks of additional unemployment benefits in Indiana. The extension means eligible residents will be able to claim up to 99 weeks in benefits.
House passes health care bill on close vote
In a victory for President Barack Obama, the Democratic-controlled House narrowly passed landmark health care legislation
Saturday night to expand coverage to tens of millions who lack it and place tough new restrictions on the insurance industry. The 220-215 vote cleared the way for the Senate to begin a long-delayed debate
on the issue that has come to overshadow all others in Congress.
Supreme Court to hear gambler’s suit
The Indiana Supreme Court will hear arguments this week on whether an Ohio River casino should have allowed a compulsive gambler
to play and lose $125,000 in a single night.
Indiana voters trending against schools in tax votes
Indiana voters seem willing to pay more in property taxes to help school districts cover operating costs. The results of last
week’s referendums, however, continue the trend against supporting plans for bigger, better schools during tough economic
times.
U.S. jobless rate tops 10 percent for first time since 1983
Nearly 16 million people can’t find jobs even though one of the the worst recessions in generations has apparently ended.
Obama to sign homebuyer, jobless assistance bill
President Barack Obama is set to sign a $24-billion economic stimulus bill providing tax incentives to prospective homebuyers
and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery.
Education cuts could be coming, state schools chief says
Indiana’s school chief warned school superintendents Thursday that declining state revenues could force cuts in public education
spending, education officials said.
UPDATE: IRL hopes for boost from Izod
Jeff Belskus, CEO of the Indianapolis Motor Speedway, called the sponsorship deal “one of the most significant announcements
in the history
of the IndyCar series.”
Retail sales tick up for second consecutive month
Consumers, enticed by cooler weather, early holiday discounts and an improving economy, spent a little more in October.