A shareholder of Indianapolis-based Fortune Industries Inc. has filed suit against the public company and its top executives, seeking class-action status on behalf of shareholders who want to stop a transaction that would take it private.
A proposal more than a year in the works for an apartment tower along the Central Canal could be nearing a groundbreaking.
A plan to speed up construction on U.S. 31 in Hamilton County may actually slow down drivers. The “Hyperfix” proposal would cut construction time by three years and save the state an estimated $50 million. But all four lanes of a portion of U.S. 31 in Carmel would close during construction in areas from 126th Street to 136th Street. An informational meeting to discuss the project will take place at Carmel High School on March 29 from 5 p.m. to 8 p.m.
The Air Force is proposing to eliminate 152 jobs at the Indiana Air National Guard base in Fort Wayne as part of its plan to replace A-10 fighter jets there with reconnaissance aircraft.
President Barack Obama’s plan would trim the corporate tax rate from 35 percent to 28 percent. In turn, corporations would have to give up dozens of loopholes and subsidies that they now enjoy.
A flawed but ultimately acceptable ordinance that would strengthen Indianapolis’ workplace smoking ban is now headed to the City-County Council. The council should pass the ordinance and Mayor Ballard should sign it.
The controversial project is a $15 million, three-story garage that the city of Indianapolis will subsidize with $6.3 million in parking meter revenue. The project also features a retail component, which neighbors say will lead to increased traffic.
Check out some new renderings of the 26-story apartment tower proposed for along Ninth Street between Senate Avenue and the Central Canal.
A 26-story apartment and retail tower could rise along downtown's Central Canal if a Valparaiso developer wins the city's blessing.
The Republican president of the City-County Council in Indianapolis says his party plans to introduce an expanded smoking ban that would take effect before the Super Bowl.
The city's planning staff is recommending denial of a variance request for a Jack in the Box restaurant proposed for Meridian Street just south of 16th Street.
A local developer is betting more restaurants and retailers are interested in opening stores near Nordstrom Rack and The Container Store than Rivers Edge owner Kite Realty Group can accommodate.
Restaurants, a medical clinic and even a dog kennel are ripe for consideration on an 11-acre airport site slated for a gas station. Airport officials have asked for proposals from developers by Oct. 25.
Indianapolis-based Celadon has become USA Truck’s seventh-largest investor with a $4.7 million purchase of shares. In a regulatory filing, the truckload carrier reported its interest in combining with its rival.
The Whitsett Group LLC’s plans call for a $22 million project that would include nearly 140 apartments and a retail component on the property where Keystone Towers stood. The company submitted the lone bid to the city to redevelop the site.
Federal officials on Friday denied Indiana's request to use a state public health savings account to help cover the half-million people who will become eligible for Medicaid in 2014, saying the request was premature and leaving the state program's future in flux.
An energy company that wants to build a massive wind farm in central Indiana has taken another step toward that goal.
Two senators from ethanol-producing states proposed Thursday to immediately end a tax credit for the corn-based fuel and agreeing to support shifting some of that money to debt reduction.
Under the proposed increases, foreign students enrolling this summer would pay an additional $1,000 on top of 3.8-percent tuition increases for all out-of-state students. Purdue also has proposed a $2,000 fee for 2012-13 academic year.
Ivy Tech Community College in Indiana has announced plans to raise tuition 3 percent, meaning a typical full-time student would see a $50 increase per semester for the next two years. A public hearing on the proposal is set for June 1. An Ivy Tech spokesperson said the increase will help meet staffing needs to keep up with student enrollment. The college surpassed record enrollment this spring.
