IBJ Staff

UMB Bank has acquired the corporate trust business of Harris bank for an undisclosed price. The deal, which closed last week, includes 80 accounts and $213 million in assets, UMB President and Chief Operating Officer Peter deSilva said today. Corporate trust units underwrite corporate and government bonds. UMB, headquartered in Kansas City, Mo., added the […]

State Farm Insurance will pay $275,000 and continue to re-evaluate thousands of unpaid claims from a 2006 hailstorm that hit Indiana. The payment, announced today by the Indiana Department of Insurance, will go to the state’s general fund to cover the cost of the department’s examination of State Farm. It comes on top of nearly […]

An activist group says it has conducted sting operations at CVS Caremark Corp. stores in Indiana and eight other states. The group has called a news conference tomorrow to disclose evidence it says will prove Indianapolis-area stores sell expired products. The group, Change to Win, says half of the Indianapolis-area stores it visited sold expired […]

An Indianapolis police officer will talk to the media this afternoon for the first time since he was injured in the line of duty. Jason Fishburn was shot in the head while chasing a murder suspect last July. He returned to the job Monday, working four days a week at the police training academy as […]

A New Whiteland mother has died after suffering extensive injuries in a case that police say is extremely suspicious. Officers found Kimberly Soper, 32, at the bottom of a flight of stairs after her husband called 911. Soper was rushed to the hospital with extensive skull fractures and internal bleeding. Investigators say her injuries were […]

500 Festival Community Day is underway at Indianapolis Motor Speedway. Fans can mingle with drivers during a series of autograph sessions, watch race teams during pit-stop practice, and even take the family sedan for a drive on the world’s most famous race track. Admission is $7. Activities end at 6 p.m.

An activist group says it has conducted sting operations at CVS Caremark Corp. stores in Indiana and eight other states. The group has called a news conference tomorrow to disclose evidence it says will prove Indianapolis-area stores sell expired products. The group, Change to Win, says half of the Indianapolis-area stores it visited sold expired […]

Voters rejected millions of dollars in school projects in special elections yesterday in central and northern Indiana. In the Mooresville school district south of Indianapolis, voters rejected a proposed $50 million middle school, 2,689-1,674, and a $45 million high school renovation, 2,564-1,780. In the Nineveh-Hensley-Jackson school district that straddles Johnson and Morgan counties, a proposed […]

Elton John and Billy Joel bring their “Face 2 Face” tour to Conseco Fieldhouse tonight at 7:30 p.m. The legendary piano players will perform together and individually. The sold-out concert coincides with the 10th anniversary of the fieldhouse.

Westfield-based Standard Locknut LLC notified state officials Friday that it has laid off another 39 employees, following 35 who were idled in April. Standard Locknut, a manufacturer of bearings and steel components, said it laid off the employees after its largest customer began reducing inventory. The layoffs are expected to be temporary, but the company […]

Indy Parks and Recreation will host a public meeting tonight at 6 p.m. to discuss a plan to close the skating rink at Ellenberger Park. City officials say Indianapolis lost about $165,000 last year trying to keep the 47-year-old rink open.

Wet weather is continuing to frustrate the efforts of Indiana farmers to plant the state’s corn crop, which is now three weeks behind the average typically planted by mid-May. The weekly crop report shows 24 percent of Indiana’s corn crop had been planted by Sunday. That’s up from 11 percent planted the week before, but […]

Voters in three Indiana school districts head to the polls today to weigh in on several multi-million-dollar construction referendums. Officials from Mooresville Schools have submitted a $96 million plan to build a new middle school and renovate the existing high school. Voters in Trafalger are looking at a $26 million proposal to build an elementary […]

Indianapolis-based consumer ratings service Angie’s List announced today that it has signed on as a co-sponsor of Sarah Fisher’s team in this year’s Indianapolis 500. The company declined to divulge terms of the deal. Fisher, driving the No. 67 Dollar General car, will make her eighth start in Sunday’s race. She qualified 21st and will […]

Indianapolis-based Simon Property Group Inc. is supporting Target Corp.’s efforts to maintain ownership of its real estate rather than transferring it into a separate company as an activist shareholder is suggesting. Pershing Square Capital Management, a hedge fund engaged in a proxy battle with the Minneapolis-based retailer, is proposing that Target put its real estate […]

Indianapolis-based Simon Property Group Inc. is supporting Target Corp.’s efforts to maintain ownership of its real estate rather than transferring it into a separate company as an activist shareholder is suggesting. Pershing Square Capital Management, a hedge fund engaged in a proxy battle with the Minneapolis-based retailer, is proposing that Target put its real estate […]

Columbus, Ohio-based Franklin University has signed a lease in the Allison Pointe Office Park on the northeast side of Indianapolis and plans to offer classes beginning this fall, the college said today. The 107-year-old school, which has enrollment of 11,000 at its main campus in Columbus and three suburban locations, announced April 21 that it […]

Police in Cumberland, east of Indianapolis, are searching for people who set off a pipe bomb in Lions Park late last night. After neighbors reported an explosion, officers found a foot-wide crater in the ground and a smoldering duffel bag they believe contained at least one bomb. They found a second duffel bag with several […]

Uninsured drivers are on the road in increasing numbers these days, sticking legal drivers with the bill in accidents and boosting the cost of insurance. Fox 59 will have more at 10 p.m.