Economist: Quarterly report shows recession is here
Ball State University economist Mike Hicks said the quarterly contraction in the economy only confirms his fears that the United States is already in another recession.
IBJ Staff and Associated Press
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IPS chief White goes public with plan to retire in April
The embattled superintendent of the Indianapolis Public Schools says he's retiring from the state's largest school system on April 5. Eugene White announced the move to the IPS board Tuesday night.
Pacers sign head coach Vogel to contract extension
Frank Vogel is in his third season as head coach of the Indiana Pacers. Entering Tuesday's home game with Miami, he has an 82-56 overall record.
Auto makers, including those in Indiana, enjoy big year
Strong U.S. sales in December capped a remarkable year for the auto industry. U.S. sales of models manufactured in Indiana in 2012 by General Motors, Toyota, Honda and Subaru outpaced the national rate, rising 17 percent.
Indiana retailers in dumps after tepid holiday sales
Public companies in the retail sector, including Indianapolis’ Finish Line and HHGregg, have watched their stock prices dwindle in the days before and after Christmas.
UPDATE: Storm cancels Indy flights, triggers mall closings, snarls traffic
Indianapolis International Airport expected to have about 300 passenger flights arriving or departing on Wednesday, but a third of those were cancelled before midmorning. In addition, mall operator Simon Property Group announced its local shopping centers would close for the day.
WellPoint completes $4.5B Amerigroup acquisition
The deal gives the Indianapolis insurer a bigger slice of the growing market of patients covered by Medicaid, the federal-state health program for low-income people.
Three suspects charged in Richmond Hill explosion
The Marion County prosecutor says homeowner Monserrate Shirley, her boyfriend, Mark Leonard, and his brother, Bobby Leonard, have been charged with multiple counts of felony murder and arson.
Calumet Specialty buys Texas refinery for $115M
Indianapolis-based Calumet Specialty Products Partners LP said Monday that it is buying NuStar's San Antonio, Texas, refinery assets for about $115 million.
City unveils plan to convert vehicle fleet from gas, diesel
Mayor Greg Ballard outlined plans to shift the city’s fleet of cars, heavy trucks and even police cruisers to a mix of electricity and natural gas by 2025.
UPDATE: Chrysler may find use for vacant Tipton plant
The automaker has requested incentives to launch production in a nearly 800,000-square-foot plant that's been vacant since being built four years ago.
Experts predict 20-percent growth in Cyber Monday shopping
This year’s Cyber Monday could be the biggest online shopping day of the year for the third year in a row. Indianapolis-based retailers The Finish Line and HHGregg are among those offering Cyber Monday specials.
Richmond Hill explosion involves ‘criminal investigation’
Authorities launched a homicide investigation Monday into the house explosion that killed two people and left numerous homes uninhabitable in an Indianapolis neighborhood.
Authorities seek cause, assess damages of fatal explosion
Indianapolis Deputy Code Enforcement Director Adam Collins said 80 homes were damaged in the Richmond Hill neighborhood, including 31 houses that might need to be demolished. He estimated the damage at $3.6 million.
Suzuki files bankruptcy, leaving U.S. market
The decision will affect two dealerships in the Indianapolis area: Bob Rohrman’s Indy Suzuki and Used Car Superstore and the Ray Skillman Westside Auto Mall, both of which sell new Suzuki vehicles.
Long lines, delays greet voters on election day
Indiana voters stood in line for up to three hours in some cases Tuesday to cast their ballots in a series of races for the White House on down that Republicans hoped to dominate.
New poll shows Donnelly, Pence with big leads
The Howey/DePauw University Battleground poll released Friday shows Republican Richard Mourdock trailing Democrat Joe Donnelly by 11 points.
Hurricane cancels dozens of flights in, out of Indy
Major airlines on Monday called off 38 flights departing Indianapolis to several airports in New York, Newark, Philadelphia and Washington. Airlines also canceled 36 flights scheduled to arrive in Indianapolis the same day.
Belskus to serve as interim IndyCar CEO after Bernard’s exit
Jeff Belskus, the president of Indianapolis Motor Speedway, and the president and CEO of Hulman & Co., will step in as interim CEO of the IndyCar Series, replacing Randy Bernard.
City paying $2.3 million to 2 hurt in officer’s crash
The city of Indianapolis will pay $2.3 million to two people seriously injured when their motorcycle was struck by a police cruiser driven by an officer allegedly driving drunk.