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City targets east-side parcel for housing development

The city hopes to seek bids to redevelop land along East Washington Street that is part of the four-acre P.R. Mallory industrial complex. Real estate experts say an affordable housing project might make the most sense.

Commuters cope with downtown Indy highway project

Officials say they didn’t see problems any worse than anticipated Tuesday morning when commuters dealt with the closure of a key section of Interstates 65 and 70. But the afternoon could be a different story.

After tough August, investors face scary September

September is traditionally the stock market’s worst month of the year, but there are several unique events in store over the next few weeks that could make trading even more turbulent.

GOP powerbrokers crafted Indiana education policy, emails show

The Indiana education overhaul associated with Tony Bennett and then-Gov. Mitch Daniels actually was crafted in private by a handful of state GOP bigwigs, including Al Hubbard, Mark Miles and Mark Lubbers, according to emails obtained by the Associated Press. Elected officials weren’t included for months.

Ford recalls 370,000 cars

Potential corrosion to the cars' steering shafts might result in loss of control. No incidents or injuries have been reported.

Pot-growing operation sparks fire

A heating element and exhaust unit used for growing marijuana sparked a Noblesville house fire Thursday night. Homeowner Bruce Cornelius was at the home at 3211 Westfield Road at about 9:50 p.m. when the fire began in an attic, causing an estimated $139,000 in damage. Hamilton County police removed 30 pot plants from the residence.
 

Motorcyclist dies in I-465 crash

A motorcyclist died on Interstate 465 near the West 62nd Street exit just after 12:30 a.m. Friday. An Indianapolis police officer observed the cyclist racing against a Dodge Charger shortly before the accident. Police were able to track down the Charger’s driver, who they believe was under the influence of alcohol.
 

Five hurt in overnight shootings

Indianapolis police are investigating four shootings that occurred between 11 p.m. Thursday and 3 a.m. Friday, injuring five people. Two people were shot near 42nd Street and Sheridan Avenue in the first incident. Another was shot near 37th Street and Hillside Avenue. The third shooting left a man in critical condition near 31st and Hovey Street. A man suffered a gunshot wound to the leg in the fourth incident on West 27th Street. No arrests have been made.
 

Hauke fraud victims to get $1M in initial restitution

Former money manager Keenan Hauke was sentenced in July 2012 to 10 years in federal prison after pleading guilty to running a Ponzi scheme that defrauded 67 investors of $7.1 million. Even more victims have emerged since the sentencing.

Salesforce’s bet on ExactTarget starts to pay off

The $2.5 billion purchase of ExactTarget will add $140 million to $145 million in revenue this year for Salesforce.com, the firm said Thursday. Its shares soared 13 percent in Friday morning trading.

China bribery probe leading to tough drug market, CEO says

Drugmakers under investigation for bribery have stopped promoting products in China, and physicians in some hospitals no longer want to meet sales representatives. Eli Lilly is among the drugmakers in China facing allegations.

Friday fun: Celebrating pork

There’s still time to hit the gym in preparation for the Tipton County Pork Festival, an annual excuse to indulge in all things porcine.

Panel to make recommendations for grading system

State leaders have created another new education panel – this one to help develop an A-F grading system to replace one that has come under fire following accusations it was adjusted to help a specific school.