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 |  |  Tonight: Clear and nice. Low 56. Thursday: Increasing clouds, warmer. High 83.
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|  Wednesday, September 10, 2008 |
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First Merchants to carve $8M from Lincoln
The Muncie bank that last week announced plans to buy Lincoln Bancorp anticipates slashing $8 million in expenses from the Plainfield institution. The savings would amount to roughly one-third of the $25 million in expenses Lincoln reported last year. First Merchants Corp. CEO Mike Rechin said some Indianapolis-area employees will be laid off. 
Conseco rebuffed in insurance challenge
Conseco Inc. just wants its $10 million back. But federal judges keep saying no. The Carmel-based insurance company lost another round in court yesterday when the U.S. Court of Appeals for the Seventh Circuit affirmed that an insurance policy that Conseco once held cannot be applied to the $10 million Conseco paid in 2005 to settle a class-action lawsuit.
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Union approves lucrative U.S. Steel contract
The United Steelworkers union overwhelmingly approved a new contract with U.S. Steel Corp. yesterday, according to The Times of Munster and The Post-Tribune of Merrillville. Members voted 10,571-2,670 for the national pact, which is viewed as one of the most favorable for workers in a number of years.
Lawmakers delve into illegal immigration again
Lawmakers seeking a clearer direction on what, if anything, to do about illegal immigration in Indiana got conflicting opinions and loose numbers yesterday during their first study committee meeting on the issue. Professors specializing in immigration law gave different answers and advice. Whether the panel of legislators can reach consensus on recommended legislation for the 2009 session is yet to be seen.
Man sentenced to 10 years for Medicaid fraud
The founder of an Indianapolis firm that claimed to provide counseling for disabled people has been sentenced to 10 years in prison for defrauding Medicaid. At a sentencing hearing yesterday, a federal judge also ordered Varnador K. Sutton to pay back more than $3 million to the state of Indiana.
Flexsteel to close plants in Indiana, Penn.
Flexsteel Industries Inc. plans to close a recreational vehicle-seat manufacturing plant in New Paris and an upholstered furniture plant in Lancaster, Pa., the Dubuque, Iowa, company announced today. Flexsteel blamed the closures on a downturn in the RV industry and a drop in demand for home furnishings.
Lear to lay off 121 in Hammond
Auto-parts maker Lear Corp. has notified the state of Indiana that it will lay off nearly half the 245 workers at its plant in Hammond. Lear, headquartered in Southfield, Mich., says 121 workers will lose their jobs Nov. 3. The plant produces seats for vehicles built at the nearby Ford Motor Co. assembly plant in Chicago. The company says the layoffs were triggered by Ford's decision to cut one of two assembly shifts at its plant.
Feds to clean up former chemical treatment plant
The U.S. Environmental Protection Agency is preparing to clean up a business where illegal discharges into the Wabash River led to prison time for its former owner. The cleanup of the former Wabash Environmental Technologies Inc. in Terre Haute will begin in October and could take several months, said Theresa Holz, on-scene coordinator for the EPA's Superfund program. | | | |
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Bailing out Detroit automakers
Loan-minded politicians may be thinking of Indiana. NewsTalk
Buggs Temple restaurant closing
"Financial demands" brought down Tavern at the Temple. Property Lines
Patriots without Brady still as good as Colts?
Odds makers think New England is solid bet to win it all. The Score
From IBJ staff - Compiled by Norm Heikens
Michelle Obama speaking with Hoosier women
Michelle Obama is back in Indiana today. The wife of Sen. Barack Obama is hosting an economic roundtable at 12:30 p.m. in Fishers for working women. The invitation-only event is part of a "Women and Families" discussion series being held across the country. Former Indiana first lady Judy O'Bannon and former Lt. Gov. Kathy Davis also will take part in the roundtable. Fox 59 will have more at 10 p.m. |  | | | |
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Man dead in apparent east-side shooting
A man found dead on the east side last night may be the city's latest homicide victim. Indianapolis police were called to an apartment complex in the 8200 block of Braeburn North Drive, near 21st Street and Franklin Road, after neighbors reported hearing gunshots. Officers found a man in his 20s under a carport, suffering from a possible gunshot wound. He was pronounced dead at the scene. The victim's identity has not been released.
Investigators probing fatal accident
One person is dead and another hurt after an accident early this morning. Two men in a Ford Escort were driving north on Westfield Boulevard near 91st Street when the car went off the road. Officers believe the car may have rolled several times, ejecting the driver and passenger. Both were taken to Methodist Hospital, where the driver later died. Investigators do not know the cause of the accident, though alcohol has been ruled out as a possible factor.
Former FBI clerk accused of embezzlement
A clerk who worked for the FBI for 23 years is expected to plead guilty today to charges of stealing thousands of dollars in money orders over the past two years. The money taken by Karen Louis Strohmier was supposed to go to informants. Investigators say Strohmier copied the money orders and filed them so FBI staff would think the bills were paid. She then would ask individuals and entities to re-bill the bureau. As part of her plea deal, Strohmier must pay $86,000 in restitution to the agency.
Owners of Keystone sites don't plan to team up
The owner of the site of the former Chinese Ruby restaurant at 7280 N. Keystone Ave. is expecting to put the property up for lease in the coming weeks. However, despite rumors, the owner likely won't join forces with the owner of a former car dealership for sale next door to make way for a big-box retailer. Real estate insiders long have speculated that Home Depot or Sam's Club would build on the parcels. Tom Hutchinson, an attorney representing Tom Tucker, owner of the 1.35-acre Chinese Ruby site, said he's heard those comments, too, but they have no validity.   | | | |
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