Indiana lawsuit about cold beer sales faces uphill battle
States are viewed as having wide latitude to regulate alcohol sales.
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City Securities’ stumble opens door to rivals
City Securities Corp. has dominated the Indiana municipal bond market for decades, but the firm’s recent $580,000 settlement with the U.S. Securities and Exchange Commission could give issuers pause and competitors a foot in the door in the underwriting business.
DUNCAN: Dodd-Frank hems in many nonbank lenders
‘Dealer markups’ in jeopardy in push to protect consumers.
House GOP seeks delay in health care provisions
U.S. House Republicans pressed ahead Wednesday on delaying key components of President Obama’s signature health care law, emboldened by the administration’s concession that requiring companies to provide coverage for their workers next year may be too complicated.
Carmel firm settles discrimination lawsuit for $90K
A Carmel-based power-grid operator has agreed to pay $90,500 to settle a disability discrimination lawsuit involving an employee who allegedly suffered from postpartum depression.
Furloughs begin for 10K Indiana civilian defense workers
About 4,000 civilians who work at the Defense Finance and Accounting Services center in Lawrence are facing 11 unpaid furlough days this summer.
U.S. economy adds 195K jobs; unemployment rate steady
The job growth suggests a stronger economy and makes it more likely the Federal Reserve will slow its bond purchases before year’s end.
TerraCom defends sales surge, strategy to state regulators
An executive for the phone service company told regulators Wednesday that the firm's depth of experience—not fraudulent tactics—led to the creation of 30,000 federally subsidized accounts last year.
Obama administration delays health law business mandate
In a major concession to business groups, the Obama administration Tuesday unexpectedly announced a one-year delay, until after the 2014 elections, in a central requirement of the new health care law.
Worker furloughs near at Indiana’s Crane base
The furloughs caused by automatic federal budget cuts will start the week of July 8 and continue through September. The base’s nearly 3,100 Navy employees and 800 Army workers will see a 20-percent pay cut during that time.
High court invalidates law denying gay-marriage benefits
The Supreme Court ruled Wednesday that legally married same-sex couples should get the same federal benefits as heterosexual couples.
Feds pick up larger share of U.S. 31 project, saving state $23M
U.S. Transportation Secretary Ray LaHood approved increasing the federal share of the U.S. 31 improvement project to 90 percent from 80 percent.
Feds used wire tap, undercover agent in Land Bank probe
A federal public-corruption task force used a wire tap and an undercover FBI agent to unravel a fraud scheme authorities say was orchestrated by two city employees and three co-conspirators.
Feds charge 5 in Indy Land Bank kickback scheme
Federal prosecutors have charged two city employees in the Department of Metropolitan Development and three others in a scheme involving cash kickbacks on the sale of properties in the Indy Land Bank.
Ex-councilor Bateman sentenced to 27 months in prison
Paul C. Bateman Jr. had pleaded guilty in January to his part in defrauding an Indianapolis physician of $1.7 million.
Study rebuts hospitals’ argument on Medicare, rising costs
Rather than raising prices on private health insurers to make up for inadequate payments from the government, hospitals across the country have been raising prices just because they can, according to a new study.
UPDATE: Brizzi lieutenant agrees to guilty plea in bribery case
David Wyser, the top deputy under former Marion County Prosecutor Carl Brizzi, was charged with bribery for his role in the early release of a woman convicted in a murder-for-hire scheme.
FARRA: Don’t expect big dividends from banks anytime soon
Banks will not return to their status as reliable sources of shareholder dividends for three years or longer.
Obamacare exchanges could zap WellPoint profits
According to one estimate, the Indianapolis-based health insurer will shed $400 million in pre-tax profits by 2017.
Senate bill jeopardizes tax-free online shopping
States could force Internet retailers to collect sales taxes under a bill that overwhelmingly passed a test vote in the U.S. Senate on Monday.