 |
 |
 | | | |
 DJIA 12,207.5 -61.1 / S&P 500 1,356.4 -3.7 / NASDAQ 2,469.7 -5.1
 |  |  Tonight: Mainly clear, cool. Low 53. Tomorrow: Partly sunny, chance of p.m. showers. High 75.
| |
|  Tuesday, June 17, 2008 |
|
Flaherty & Collins sues over Charlotte project
Flaherty & Collins Properties has filed a lawsuit against another developer due to a spat over a ritzy mixed-use project they are building together in downtown Charlotte, N.C. Indianapolis-based Flaherty & Collins claims that the other developer, Charlotte-based Ghazi Co., isn't fulfilling contractual obligations or cooperating with code requirements, according to The Charlotte Observer. Flaherty & Collins is seeking $70 million if the project ends and $28 million in damages if it continues. 
Bloomington Hospital OKs Clarian merger
A planned merger of Bloomington Hospital into Indianapolis-based Clarian Health was approved 403-149 last night by the Bloomington facility's governing body, the Local Council of Women. The Local Council, which founded the hospital more than 100 years ago, had to revise hospital bylaws to clear the way for the merger. Clarian will receive 51 percent of the board representation, according to The Herald-Times of Bloomington.
|  | | | |
|  | Premier's White faces initial hearing this week
Christopher P. White might have broken the law so he could make payroll. That's what court records suggest prompted White on Jan. 30 to deposit a $500,000 bad check into an account at the National Bank of Indianapolis. White, 50, will be arrested and faces an initial hearing later this week, said Matthew Symons, a spokesman for the prosecutor's office. As of late this morning, White had not turned himself in; a hearing date has not been set.
Credit unions investigate overseas withdrawals
More than 100 credit union members in South Bend had money fraudulently taken from their accounts from ATMs over the weekend in places such as Russia and the Ukraine, officials said yesterday. Teachers Credit Union is investigating the source of the fraudulent withdrawals that affected 97 of its members, said Paul Marsh, senior vice president for sales and marketing. He said the withdrawals were all "[personal identification number]-based transactions" made on debit cards at ATMs in nations including Russia, the Ukraine and Nigeria.
State economy nearly stalled in 2007
Indiana's economy expanded only 0.3 percent, to $246.4 billion, last year, new figures from the U.S. Bureau of Economic Analysis show. The growth is on top of inflation. Only seven states performed worse. Indiana was hit hard by the slowdown of the Detroit auto industry, according to a blog written by Bill Testa, a vice president of the Federal Reserve Bank of Chicago. Gross domestic product measures the total value of goods and services produced. The national economy grew 2 percent last year.
ITT Educational shares rise after Stifel upgrade
Shares of ITT Educational Services Inc. rose yesterday and this morning after an analyst upgraded the for-profit technical education company on improvement in the student loan market, among other factors. Shares advanced $2.35, or 3.3 percent, to $74.71 yesterday, then an additional 37 cents this morning. Stifel Nicolaus & Co. analyst Jerry Herman upgraded the stock to "Buy" from "Hold."
Sale of historic factory hurt by credit crisis
Colgate-Palmolive Co.'s toothpaste plant in Clarksville closes at the end of the month, but the landmark still has no buyer. The price on the 52-acre site near Louisville has been slashed to $9 million from $13 million, according to The Courier-Journal of Louisville. Observers say tight-fisted lending practices resulting from the credit crisis are likely keeping potential buyers from closing a sale.
Hearing on BP air permit appeals delayed
Environmental groups challenging the state's decision to grant an air pollution permit that allows BP to expand its oil refinery along Lake Michigan in Whiting have agreed to drop their attempts to halt construction in exchange for expedited hearings on their appeals. The appeals process usually takes three to four years. Instead, the parties now will go straight to exchanging information in preparation for a hearing next June.
| | | |
|
Farm and suburban polluters
Who pollutes water worse, farmers or suburbanites? NewsTalk
HotBox launching franchise effort
Locally based HotBox Pizza plans to go national. Property Lines
Victory Field naming rights not for sale
Indians value tradition and equity in venue's moniker. The Score
From IBJ staff - Compiled by Norm Heikens
Three cops arrested after federal indictment
Three Indianapolis Metropolitan Police Department officers were arrested yesterday on federal charges of dealing drugs while armed. The arrests come after a six-month investigation by the FBI. Officials aren't commenting on the charges or identifying the officers because the indictment is sealed. An FBI spokeswoman believes a judge will order the indictment unsealed later today. Fox 59 will have an update at 10 p.m.
|  | | | |
| Marion County flood damage estimated at $1.7M
After inspecting more than 300 structures, Marion County officials estimate flood damage at more than $1.7 million. The Department of Metropolitan Development performed the inspections and found 21 structures with major damage. None were described as destroyed. The evaluations end today.
County opens disaster recovery center
Flooding has prompted a new Marion County Disaster Recovery Center. Federal Emergency Management Agency officials will be on hand seven days a week to answer questions and help flood victims register for aid and disaster loans. The far recovery center is located at 8902 E. 38th St., and will be open from 9 a.m. to 7 p.m.
Lawmakers unveil Veteran Travel Equity Act
Two Indiana congressmen are introducing a bill that would raise the gas mileage reimbursement for veterans getting treatment at Veterans Administration hospitals. The increase would nearly double the current rate of 28.5 cents per mile to more than 50 cents a mile. That's the same reimbursement rate that federal employees get.
Warning: High rates
Industrial customers could see electricity rates soar as coal-fired power plants adopt more stringent emission standards.
Corley preparing for 'something different'
Community Health Network CEO Bill Corley says he plans to retire to pursue other interests.
Columbia Club woos companies
The 119-year-old Columbia Club downtown is offering corporate discounts for the first time in an effort to boost revenue and curb declining memberships.
| | | |
|
| |  | | | |
Sign up today for IBJ's Health Care Weekly E-mail Alert.
This once-a week e-mail is delivered every Wednesday. Readers will find news about local hospitals, medical practices and health care companies as well as updates of stories that first appear in Indianapolis Business Journal. They'll also get people and event news and public policy changes that affect the health care industry. Sign up today for your free subscription. | |
| | | |
|
| |
| | |
No comments:
Post a Comment