Last Updated Wed., September 2, 2015 - 10:36 PM

Disaster declaration OK'd for eight more Indiana counties 8:34 PM

Associated Press
Under the declaration announced Wednesday, low-interest emergency loans are available to all producers suffering losses in Clark, Fulton, Morgan, Owen, Rush, Shelby, White, and Whitley counties and affected contiguous counties.

Indiana auto parts plant with 750 workers set to close 8:04 PM

Associated Press and IBJ Staff
The plant in Winchester, east of Muncie, has been the North America branch for Japanese manufacturer Marujun since 1999. The closing process will begin next month and finish late next year.

Republic stock rebounds after union shows willingness to talk 2:08 PM

Bloomberg News
Republic Airways Holdings Inc. shares bounced back quickly Wednesday afternoon after the airline’s pilot union said it was ready to resume talks on a contract, easing investor concern of a possible bankruptcy.

As Circle Centre turns 20, declining performance, anchor woes spur worry

Sales per square foot are down, the building itself is aging, and persuading the lone anchor, Carson Pirie Scott, to stay another three years required generous incentives.

Executive pay continues on upswing

The median senior executive collected $923,705 in salary, stock or stock options, incentive pay and perks in 2013, IBJ found in a review of proxy statements at 64 companies.The median compensation rose 20 percent from 2012 and doubled since 2006.

No-holds-barred tactics lifted developer Ozdemir

Ersal Ozdemir, who heads the development and construction firm Keystone Group, has charmed elected officials for years with big ideas—and hundreds of thousands of dollars in political contributions.

Special Report: City's building spree leaves trail of spoils

Mayor Greg Ballard takes pride in Rebuild Indy, the city’s nearly $400 million program that doubled the volume of public works projects—and became engineering and construction firms' largest business opportunity with the city in more than a decade.

City bans bulk land-bank sales after lopsided deal with not-for-profit

Indianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors more than $1 million. (with interactive map)

SPECIAL REPORT: Stock-based pay builds wealth for Indiana execs

IBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted. If a company's stock price surges, executives can make out far better. (with searchable database)

Crean, Painter contracts packed with rewards for postseason success

Indiana University Coach Tom Crean and Purdue University Coach Matt Painter cash in big time when their teams perform well, especially in postseason play.

Airport execs' globetrotting sparks scrutiny

Indianapolis Airport Authority CEO John Clark and two key officers spent more than $67,000 last year on travel that included extended business trips to Brazil, Denmark, Greece, Morocco and Switzerland.

BioCrossroads has stoked state's life sciences industry, but challenges remain

In the 10 years BioCrossroads has been promoting life sciences in Indiana, the effort has netted more than 330 new companies, an infusion of more than $330 million in venture capital, a tripling of exports, and a growing number of mentions in national reports on life sciences.

Warnings about broker's tactics went unheeded

Several state employees openly questioned how John Bales' real estate brokerage did business long before the FBI launched an investigation that led to his indictment.
More Special Reports
Last Updated Wed., September 2, 2015 - 10:36 PM

Disaster declaration OK'd for eight more Indiana counties 8:34 PM

Under the declaration announced Wednesday, low-interest emergency loans are available to all producers suffering losses in Clark, Fulton, Morgan, Owen, Rush, Shelby, White, and Whitley counties and affected contiguous counties.

Indiana auto parts plant with 750 workers set to close 8:04 PM

The plant in Winchester, east of Muncie, has been the North America branch for Japanese manufacturer Marujun since 1999. The closing process will begin next month and finish late next year.

Vera Bradley shares soar after it boosts outlook11:37 AM

The Indiana-based seller of handbags surprised Wall Street with better-than-expected financial results for its fiscal second-quarter and boosted its earnings outlook for the year.

U.S. productivity up 3.3 percent in spring, labor costs fall 9:42 AM

Labor costs fell at a 1.4-percent rate in the second quarter, indicating that wages are not rising even as unemployment declines.

Indiana funding more patrols on I-65 alternate routes

A central Indiana sheriff is using a state grant to enlist other law enforcement agencies in patrolling alternate routes for traffic that has been rerouted from the closed northbound lanes of Interstate 65.

Attorney: Former Jared Foundation chief to plead guilty

An attorney says Russell Taylor, 44, will plead guilty to child pornography charges, possibly as early as Tuesday.

U.S. stocks close out their worst month in three years

August was a brutal month for investors. Fears about a slowdown in China's economy and concerns about when the Federal Reserve will raise interest rates pushed stocks sharply lower.

Business interests donate $2.1 million for Pence travel

Indiana Gov. Mike Pence's travels promoting Indiana as a business haven have been paid for by companies that donated more than $2.1 million to the state's economic development efforts.

Former Subway spokesman Fogle suing ex-aide over loan

Former Subway pitchman Jared Fogle is suing the former head of his Indianapolis-based charitable foundation for allegedly defaulting on a personal loan to buy an Indianapolis home.

Anderson ramps up blight-elimination efforts

The city has received two grants totaling $2.8 million to tear down 128 blighted properties. As of Friday, two properties had been torn down as part of the program.

Greenwood aims for strict development at new exit

When you get off Interstate 65 at a new Greenwood exit, don't expect to find truck stops, fast-food restaurants and multiple gas stations. Warehouses and apartments won't be allowed, either.

Dixon snatches IndyCar title away from Montoya

Scott Dixon overcame a 47-point deficit to win his fourth IndyCar championship by winning the season finale Sunday in Sonoma, California.

Ex-Subway exec says he didn't know of Fogle's sex crimes

A former executive who was in charge of Subway's advertising says he wasn't aware of pitchman Jared Fogle's criminal sexual conduct with minors in 2008, contradicting the statement of a former franchisee.

New boss of Frisch's Big Boy restaurants plans expansion

The new leader of the Frisch's Restaurants chain wants to flex Big Boy's brand muscle with franchise expansion. The changes could mean more Big Boys in Indiana.

Thousands in Indiana could lose food stamps under new rule

Food pantries and social service agencies across Indiana are bracing for the possibility that up to 50,000 people could lose food stamp benefits this fall unless they comply with a change in federal work and job training requirements.

Indiana State sets enrollment record at nearly 13,600

About 30 percent more students are now attending Indiana State than in 2008, when enrollment had dropped to about 10,500.

U.S. consumer spending up moderate 0.3 percent in July

U.S. consumers increased their spending by a moderate amount in July, while income growth was propelled by the largest jump in wages and salaries in eight months.

Lawyer: Former franchisee alerted Subway executive about Fogle

Former franchisee Cindy Mills said she expressed her concerns to a regional Subway contact in Florida in 2008 after Subway pitchman Jared Fogle began talking to her about paying for sex with minors.

Crean questions team leadership after latest legal problem

In his first public comments since Indiana's most recent legal embarrassment, the frustrated coach apologized to fans and insisted his top priority between now and November's season opener will be getting the program righted.

ACLU of Indiana challenges state law banning ballot photos

The lawsuit filed Thursday in federal court in Indianapolis contends the law that took effect July 1 violates Indiana voters' First Amendment rights.

Indiana Supreme Court hears dispute over '0INK' plate

Indiana's highest court heard arguments Thursday on whether a police officer was wrongly denied a vanity license plate saying '0INK,' which state officials had deemed offensive.

Investors pursue sell-offs, push Dow up another 369 points

Investors were in a buying mood again on Thursday, driving U.S. stocks higher for the second straight day as they took advantage of this month’s sell-off.

Deaths make Letterman struggle with love of racing

IndyCar owner David Letterman remains excited for Graham Rahal's prospects on Sunday, but his emotions are tempered by the loss of another driver.

Engineers working on plan for I-65 bridge near Lafayette

The Indiana Department of Transportation hopes to secure the bridge and reopen the northbound lanes of Interstate 65 between Lebanon and Lafayette by mid-September.

Auto parts maker plans factory, 400 jobs in Anderson

NTN Driveshaft Inc. plans to spend about $140 million on building and equipping the factory where it will make velocity joints for the automotive industry.

Report: Economy did better in 2nd quarter than first estimated

The economy expanded at an annual rate of 3.7 percent in the April-June quarter, more than a percentage point greater than the 2.3 percent originally estimated last month, the Commerce Department reported Thursday.

Pence headed to Japan on an economic development trip

Indiana Gov. Mike Pence plans to attend the Japan-U.S. Midwest Conference, meet with business executives and government leaders and host an economic development reception.

Stocks snap six-day losing streak with huge surge

The Dow Jones industrial average rocketed more than 600 points Wednesday, its biggest one-day gain in seven years, snapping a six-day losing streak that had Americans nervously checking their investment balances.

Lawmakers hear from advocates on police body camera rules

Lawmakers must take into account many considerations as they explore state restrictions on police body camera footage that is publicly released.

IndyCar heads to finale reeling from loss of Justin Wilson

Wilson's death from what by all accounts was simply a fluke accident has again thrust the series into the spotlight for all the wrong reasons.

Gymnastics academy owner charged with child porn, molestation

Marvin Sharp, 48, faces four counts of child molestation and three counts of sexual misconduct with a minor filed by Marion County prosecutors, who allege that he repeatedly fondled a girl while he was her coach.

BP restarts part of key oil refinery after repairs

An analyst said gasoline prices in Indiana and neighboring states served by the refinery could fall 20 cents to 50 cents a gallon over the next two weeks.

Toyota plans $16M expansion of Indiana forklift factory

Toyota has about 1,100 workers in the manufacturing facility, along with about 175 people working in sales, marketing and distribution.

Head of Indianapolis gymnastics academy arrested

Marvin Sharp, owner of Sharp's Gymnastics Academy, was charged with three counts of child molesting and four counts of sexual misconduct with a minor.

IndyCar driver Justin Wilson dies of head injury

Justin Wilson became the first IndyCar driver to die from an on-track incident since Dan Wheldon, who was killed in the 2011 season finale at Las Vegas after his head hit a post in the fence when his car went airborne.

Pocono CEO says IndyCar return far from certain

Pocono Raceway CEO Brandon Igdalsky said it's "50-50" that IndyCar will return to the track next year. Crowds have been underwhelming the past two years.

U.S. stocks plunge at open after Chinese stock rout

Major U.S. stock indexes dropped more than 4 percent following the opening bell after China's stock market fell Monday by its biggest margin in eight years.

Indiana State Fair draws roughly 907,000 to fairgrounds

The Indiana State Fair Commission said that this year's attendance total is the fifth highest on record. The fair closed out its 17-day run Sunday.

IndyCar driver Justin Wilson in coma after wreck at Pocono

Wilson sustained a head injury when he was hit by a large piece of debris that broke off a car during the crash-filled race.

State regulators OK solar power agreements for Duke Energy

The Indiana Utility Regulatory Commission on Thursday approved agreements between Duke Energy Indiana and the developers of the four solar farms in the works around the state.

Indiana team that raided Fogle's home used mobile laboratory

The custom-built lab saves days, weeks or months of time compared with the old method of taking computer gear to another location before examining it.

Indiana, Louisville agree to series for football, basketball

The three-year pact will include games at Bankers Life Fieldhouse and Lucas Oil Stadium.

Disaster loan outreach centers open in five counties

The agency said the centers in Morgan, Brown, Huntington, Jay and Jefferson counties opened Thursday to serve businesses, individuals and not-for-profits affected by storms and floods in June and July.

Florida woman says she secretly recorded Jared Fogle

A woman says former Subway pitchman Jared Fogle told her years ago about his interest in having sex with minors and that she went to authorities who told her to record the conversations.

U.S. stock indexes plummet after China fears spur global sell-off

The U.S. stock market endured its worst performance in 18 months on Thursday, driven lower by another slump in Chinese shares and heavy selling by technical traders.

Ball State receives restitution from man convicted of fraud

Ball State University has received about $695,000 in restitution from one of two men convicted of stealing $13.1 million from the university.

Goody's parent to close about 90 underperforming stores

A national retailer that operates about 20 Goody’s stores in Indiana plans to close about 10 percent of its locations.

FCC: Firm pays $750K settlement for blocking Wi-Fi signals

Regulators have reached a settlement with Smart City Holdings LLC for blocking consumers' Wi-Fi signals at convention centers around the country, including in Indianapolis.

Indianapolis man latest to plead in Darkode cybercrime case

Thirty-one-year-old Phillip Fleitz pleaded guilty to participating in a cybercriminal marketplace where hackers schemed to cripple or steal information from computers and cellphones.

Indiana lawmakers to consider expanding DNA testing

An Indiana legislative study panel is considering whether to recommend that state lawmakers take up a proposal to expand testing to any person arrested for a felony.

Blogs

Review: 'South Pacific' at Beef & Boards

Can you think of another book musical this romantic, tense, funny and exciting in which there's not a villain to be found?

Escape-room entertainment venue set to open downtown

Simply called The Escape Room, the venue will offer five themed rooms from which participants can attempt to escape by solving riddles. The gaming trend is becoming popular in the United States.

Indianapolis Indians on pace for another attendance record

A critical home stand this week could determine whether the Indians meet their goal of #660290orbust.

Indiana Supreme Court agrees to hear Zionsville merger case

Whitestown is appealing a recent Indiana Court of Appeals ruling that allowed Zionsville to merge with Perry Township and add the position of mayor without becoming a city.

Obamacare, HIP 2.0 goosing hospital profits—for now

More paying customers helped Community Health Network pull in $47 million in second-quarter profits, a story being repeated at not-for-profit hospitals around the country as Obamacare has boosted the number of insured customers to unprecedented highs.

A&E, etc.

Review: 'South Pacific' at Beef & Boards

Can you think of another book musical this romantic, tense, funny and exciting in which there's not a villain to be found?

The best of the most of Dig IN 2015

I couldn't sample everything, but I tried most of what the annual White River State Park food fest had to offer.

Priority list include Alan Cumming at the Cabaret, First Friday art openings, more

Plus skateboard fun (and education) at the Indiana State Museum's latest show.

Ticket giveaway: Van Halen

Not only will one winner score a pair of tickets to the concert, but also land a remastered "1984" CD.

More A&E, etc.