Nora Colomer

The Indiana land-grant university is buying out Kaplan, a for-profit distance learning enterprise.

The bonds will take out $210.7 million of bond anticipation notes issued last week to redeem $246 million of private activity bonds.

Key's acquisition will expand investment banking services while focusing on the health care sector.

State-backed bonds will replace PABs that were headed for default as Indiana takes over a road project that's become a poster child for P3 woes.

State officials say they are prepared for increased pressure on its $10 billion general fund.

Tuesday's Detroit mayoral primary results mean incumbent Mike Duggan will face challenger Coleman Young II in November.

Steve Arwood will lead the firm's new effort.

S&P raised Cleveland Clinic's rating by one notch as it prepares to price a $1 billion bond refunding.

A federal judge appointed an attorney to facilitate an agreement between Flint and the Michigan Department of Environmental Quality.

Increased state aid can stabilize Indiana schools' credit for a couple of years, but benefits will ultimately be offset by higher costs, S&P says.

Pontiac and Lincoln Park, two Michigan cities, gain control over their internal operations and finances.

Marion County and Indianapolis council approved the first $20 million in financing for a new criminal justice center.

Wayne County works to reach agreement with Rock Ventures over jail project and solve tax problem.

Detroit will sell 36 city-owned parcels of land for the Gordie Howe bridge project.

The sales tax breaks on car trade-ins comes at too great a price for the state.

The budget for the next fiscal year increases spending on public safety and a stalled jail project.

The final selection of Gary schools emergency manager will be made on Monday.

Moody's says the legislation will be credit positive for school districts and the state.

Indiana's reserves were lower despite its eighth consecutive surplus.

Prefunding would help local governments begin to tackle mounting retiree benefit costs, the report said.