Attorneys on Friday afternoon filed a class-action lawsuit seeking to rescind $200 million in investor purchases of Fair Finance Co. securities and to slap Tim Durham and other company insiders with millions of dollars in punitive damages. Full Story »
The Indianapolis-based shopping mall owner is facing competition for General Growth from Toronto-based Brookfield Asset Management Inc., which also has been buying up General Growth's debt. Full Story »
Indiana Gov. Daniels calls for cuts with announcement that tax collections for November were $144 million below forecast. Full Story »
City Market has agreed to forgive Constantino's $27,000 in unpaid rent if the meat and produce stand shuts down by Dec. 24. Full Story »
Ohio securities regulators have asked for a mountain of additional information from Tim Durham's Fair Finance Co. that they say they would have to evaluate before deciding whether to allow the company to resume the sale of investment certificates. Full Story »
Sources told IBJ last week that the U.S. Tennis Association Southern Section was in serious negotiations to buy the event and move it to Atlanta. Full Story »
The Innovate Indiana Fund will invest $5 million over the next five years to commercialize IU technologies and another $5 million to help IU-affiliated startups get off the ground. Full Story »
The Labor Department said the economy shed only 11,000 jobs last month, a vast improvement from October's revised total of 111,000. Full Story »
The Indiana Troopers Association has filed for bankruptcy protection as the fraternal organization is in a court fight with telemarketing companies it hired for fund-raising work. Full Story »
Fort Wayne-based Lincoln Foodservice Products Inc. has notified state officials that it will close its “small wares” plant there and let go 190 employees. Full Story »
Ivy Tech Community College is offering at-risk students a chance to earn an associate's degree in just 10 months instead of two years. Full Story »
The economy is getting closer to generating jobs for the first time in two years, but it probably won't be enough to stop the unemployment rate from rising well into 2010. Full Story »
The president of Hansen & Horn Group Inc. admitted in court Thursday that the troubled home builder is insolvent and agreed to have a receiver appointed to operate the company. Full Story »
E-mail marketing provider ExactTarget has in a short span landed what may be a record amount of venture funding for a private company here—$75 million since October. And that’s on top of the $69.9 million it received in May from three venture firms on the coasts. Full Story »
General Growth Properties Inc., the nation's second-largest shopping mall operator, said lenders have agreed to restructure about $9.7 billion in debt. The agreements could put a damper on the acquisition aspirations of rival Simon Property Group Inc. Full Story »
The U. S. Commerce Department said productivity rose at an annual rate of 8.1 percent in the third quarter, the biggest jump since 2003. Full Story »
Indirjit Singh of Greenwood is suing Atlanta-based Air Serv Corp. in U.S. District Court in Indianapolis for religious discrimination. Full Story »
Analysis of Medicare data finds that Indiana hospitals and doctors rack up higher costs to treat the same conditions as the nation's model markets. Full Story »
Collectors and recyclers of obsolete electronics have until Jan. 1 to enroll with the state's E-Waste Program. Full Story »
The museum has been facing tight budgets and dropping attendance. Full Story »
Mary Ostrye, 52, will have oversight of 150 different academic programs at Ivy Tech's 23 campuses around the state. Full Story »
Riley Area Development Corp. is pitching the idea of building a performing arts center in the City Market. The YMCA of Greater Indianapolis, meanwhile, is in talks with the city about building a full-service fitness center on the site. Full Story »
"Sacred Spain: Art and Belief in the Spanish World" at the Indianapolis Museum of Art is drawing visitors from around the world for an unprecedented exhibition Full Story »
Indianapolis’ largest computer consulting firm on Wednesday received property-tax abatement relating to its plans to create 200 high-paying jobs and invest $600,000 in new equipment. Full Story »
Ice Sports and Entertainment, the owner of the Indiana Ice hockey team, announced Wednesday afternoon that it plans to build a complex that could contain up to four skating rinks and house the Indiana/World Skating Academy. Full Story »
A young girl looks at a piece by artist Jorge Pineda at the opening of "The Global Caribbean" exhibit in Miami. AP/Alan Diaz
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