Articles

State OKs private financing for roadwork

The Indiana Department of Transportation will press ahead with a request for proposals on Interstate 69 from Bloomington to Martinsville, in hopes that a public-private partnership will stretch limited state funds.

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Cummins earnings widely miss predictions

The Indiana-based engine maker announced a larger-than-expected drop in quarterly profit Tuesday morning, as revenue fell 12 percent on weak demand for its products in domestic and international markets.

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Anderson loses ‘Tree City’ status after 21 years

Anderson's title, first granted in 1991, appears to have been lost due to issues with paperwork. The status is awarded by the Arbor Day Foundation and others to recognize cities with viable tree-management plans and programs.

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Feds scrutinize nursing home buying spree

Indiana’s county-owned hospitals have rushed to acquire nursing homes in the past two years, opening a revenue stream for both the hospitals and the long-term-care facilities. But the additional federal revenue that has driven these purchases could come under threat.

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Advocates for mass transit may need to ante up

The Indianapolis area’s largest employers have spent millions of dollars studying and promoting regional mass transit, but if the idea is going to get past the Legislature, they might have to put money into the $1.3 billion system as well.

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Carmel council wary of $100M Pedcor project

Pedcor Cos. wants to apply for a state tax credit to help fund an upscale $100 million housing and office development in Carmel’s Midtown. But City Council members are holding it at arm’s length for now.

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IU Health to chop $1 billion off costs

Even though Obamacare likely will expand health insurance coverage to an extra 500,000 Hoosiers over the next few years, IU Health expects per-patient reimbursements to fall as the federal government, employers and patients all push back on sky-high health care costs.

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