Calumet’s 2012 profit rockets to $205.7 million
An acquisition spree helped oil refiner Calumet Specialty Products increase profit almost five-fold in 2012, the Indianapolis-based company reported Wednesday morning.
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State senator changes tactic on school standards
Sen. Scott Schneider said he expects the Senate Education Committee to vote on a proposal to suspend implementation of the Common Core State Standards while the State Board of Education holds new hearings.
Senate panel advances Medicaid expansion plan
The Indiana Senate Public Health Committee is advancing a proposal to expand Medicaid using the state's health savings account plan.
David Marsh defends trips he took at company’s expense
The former Marsh Supermarkets president told jurors: “Every time I used [the plane] I had a time constraint, and my time was valuable to the company.”
Bill limiting specialty plates clears state House
The Indiana House has approved a plan to overhaul the state's specialty auto license plate system that requires all the groups with plates to sell 500 a year and undergo a financial review once a decade.
WellPoint taps hospital CEO to replace Braly
Joe Swedish, the CEO of Michigan-based Trinity Health since December 2004, will replace Angela Braly, who was forced out by angry investors in August. Swedish, 61, will take office on March 25.
WellPoint taps Catholic hospital system chief as new CEO
Joe Swedish, CEO of Michigan-based Trinity Health since December 2004, will replace Angela Braly, who was forced out in August.
Indiana House OKs plan for state jobs council
A plan aimed at matching up Indiana's workforce training programs with available jobs unanimously cleared the state House on Tuesday, as legislators from both parties embraced it as a possible way to help lower the state's stubborn unemployment rate.
Sun Capital execs ‘shocked’ by Marsh financials
Any feelings of satisfaction that Sun Capital Partners executives had after completing the acquisition of Marsh Supermarkets Inc. quickly turned to “shock and surprise,” a managing director of the private-equity firm told jurors Tuesday.
IU opening 1st ‘gateway’ office in India
The Indiana University Gateway-India will serve as a home base for IU activities in India and will share a building with the American Institute of Indian Studies.
Home-building permit filings continue to climb
Area home-building activity continues to improve as the number of single-family permits filed in January jumped 55 percent from the same period last year.
Ex-Rush County cop facing charges
A former Rushville police sergeant is accused of having an inappropriate relationship with a 15-year-old girl. Cale Worley, 28, was arrested Friday on a felony charge of official misconduct and a misdemeanor count of contributing to the delinquency of a minor. The charges came after an Indiana State Police investigation that began in August, shortly before Worley resigned from the police department. Court documents released Monday allege that Worley and the teenager secretly met late at night while the officer was on duty. They also reportedly exchanged text and Facebook messages.
Architectural firm A2SO4 ordered to cease operations
The Indiana Department of Revenue has revoked the Indianapolis firm’s retail merchant certificate, alleging it owes more than $43,000 in taxes.
Fatal wreck snarls overnight traffic
A fatal crash blocked portions of Interstate 74 near Shelbyville early Tuesday. Emergency crews were called to the crash in the westbound lanes at about 12:40 a.m. Police diverted traffic from the scene of the accident, which involved a truck and a passenger car, for nearly three hours. The Indiana Department of Transportation said at least one person died, but no additional information was immediately available.
Financial woes force local charity to close
Motorsports-focused CARA Charities has ceased operations, the organization announced Monday. Championship Auto Racing Auxiliary Inc. said it was “unable to generate the financial means necessary” to continue supporting the auto-racing community in Indianapolis and beyond.
LA Fitness proposes facility for corner of 86th and Ditch
A 41,000-square-foot LA Fitness could replace two vacant commercial buildings including the former home of Cinema Grill at the southeast corner of 86th Street and Ditch Road.
Greensburg auto-parts plant plans expansion, 200-plus hires
Automotive supplier Valeo expects to invest $15.5 million in new machinery for its Greensburg facility as part of its plans to expand operations in the plant and bring more than 200 workers onto the company payroll by 2014.
Measure advances to delay state farmland tax hike
The bill would stop Indiana from using updated soil productivity figures in setting new property tax rates this year. The Legislature would consider a revised approach next year.
Construction
-TMG Construction Management Inc. has been hired by Upland Brewing Co. to build a 2,400-square-foot restaurant and tasting room at 820 E. 116th St., Carmel.
-Mezzetta Inc. has been awarded the general conditions contract by the Indiana State Fair Commission for renovation of the Coliseum at the Indiana State Fairgrounds, 1202 E. 38th St. The work is to be completed by October of this year.
People
Brian Askins has joined Summit Realty Group as senior vice president in the office advisory services group.