ITT Educational shares reeling after deal falls through
The real estate deal would have brought as much as $119.1 million for the struggling, Carmel-based education firm.
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EPA coal-plant emission limits challenged by 12 states
A dozen states, led by West Virginia and including Indiana, sued the U.S. Environmental Protection Agency on Friday to block a proposed rule that would limit carbon dioxide emissions from coal-fired power plants.
Love Culture’s plans approved over Simon’s objection
Love Culture Inc., the bankrupt clothing chain, won court permission to hold expedited store-closing sales, over the objection of unsecured creditors, including Indianapolis-based Simon Property Group Inc.
For-profit colleges tap GI Bill loophole for business
The so-called “90/10 rule” limits a for-profit college to getting no more than 90 percent of its revenue from the government. However, veterans’ and military tuition programs are excluded from the cap, and the colleges have aggressively recruited from the military.
Shopping mall owner offers $5.6B for competitor
Klepierre SA, which is partly owned by Indianapolis-based Simon Property Group, has offered to buy Dutch competitor Corio NV to solidify its position as Europe’s second-largest publicly traded-shopping mall operator.
NCAA’s $60M video-game settlement moves ahead
The decision may mean that the judge will soon rule on whether the Indianapolis-based NCAA must change its rules to let students negotiate licenses for the use of their names and images.
NCAA, schools need more financial transparency, bill says
Athletic departments, conferences and the governing body of college sports should be more transparent financially, according to a bill co-sponsored by a pair of U.S. congressmen.
Mouse clicks replace stethoscopes as U.S. web care grows
To cut medical costs and diagnose minor ailments, WellPoint Inc. and Aetna Inc., among other health insurers, are letting millions of patients get seen online first.
Feds putting Comcast-Time Warner deal under close scrutiny
The Justice Department has reached out to several major companies as it investigates whether the cable-industry merger is anticompetitive. The deal, if approved, would have big implications in central Indiana.
NCAA seeks injury reduction with fewer full-contact practices
The recommendation is among a set of guidelines created to “generate a cultural shift within college athletics,” the Indianapolis-based NCAA said Monday.
ITT Educational, rivals wrestle with tougher regulation
The U.S. Education Department has taken its toughest regulatory action ever against a for-profit college: putting Corinthian Colleges Inc., with more than 70,000 students, on the path to going out of business.
MISO data breach latest in hackers’ efforts to reach power grid
Operating cost data from participants in Carmel-based MISO's power network was compromised in a computer breach that highlighted the rising vulnerability of the U.S. electricity infrastructure.
Dow Jones index tops 17,000 after strong jobs report
The Dow Jones industrial average climbed above 17,000 for the first time ever Thursday morning. The Standard & Poor’s 500 also hit an all-time high.
IU students get more information, borrow less
A simple letter from Indiana University led its students to reduce borrowing by far more than the national average last academic year. Federal undergraduate Stafford loan disbursements at the university dropped 11 percent, or $31 million.
U.S. employment rises more than expected
Employers added more workers than projected in June and the unemployment rate fell to an almost six-year low of 6.1 percent, Labor Department figures showed Thursday.
Kentucky same-sex marriage ban tossed by federal judge
Kentucky’s gay-marriage ban was thrown out Tuesday by a federal judge who derided the government’s arguments as “bewildering.”
Lilly wins EU backing for version of insulin drug
Lantus, which garnered $7.8 billion in sales for Paris-based Sanofi in 2013, loses patent protection in Europe in May next year.
U.S. consumer spending rises less than expected
Consumer purchases, which account for about 70 percent of the economy, climbed 0.2 percent in May after being little changed in April, Commerce Department figures showed Thursday. Analysts expected a rise of 0.4 percent.
Aereo court ruling sidesteps cloud-computing questions
As Aereo Inc.’s streaming-TV service was dealt a potentially fatal blow Wednesday, the cloud-computing industry was more concerned about what the U.S. Supreme Court didn’t say.
First quarter GDP numbers much worse than estimated
U.S. gross domestic product fell at a 2.9-percent annualized rate in the first quarter, the worst reading since the same three months in 2009, after a previously reported 1-percent drop, the Commerce Department said Wednesday.