Indiana bill to overturn school standards delayed
The chairman of the Indiana Senate's Education Committee says he's working on a compromise to a bill that would pull the state from the Common Core State Standards national education initiative.
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Lampoon paid for Durham’s defense, trustee alleges
Fair Finance bankruptcy trustee Brian Bash, charged with recovering funds for Fair investors, alleges in a court filing that National Lampoon funded convicted Ponzi schemer Tim Durham’s defense. Durham is a former CEO of the film company.
Bill to make IEDC more transparent moves to full senate
The Indiana Senate Tax and Fiscal Policy Committee unanimously passed legislation Tuesday meant to makes the state’s job-creation efforts more open to the general public.
Local leaders letting glow from 2012 Super Bowl fade
Though Allison Melangton has been tagged to lead the effort to bring the Super Bowl back to Indianapolis in 2018, she has no plans to take a page—or even a paragraph—from the 2012 bid.
Local buyout firm acquires New York shapewear maker
Indianapolis investment firm E&A Industries has acquired a fast-growing New York apparel firm specializing in body-slimming fashions, the companies announced Tuesday.
Marion County assessor bracing for more tax appeals
Marion County property-tax appeals from the 2012 assessment are due Monday and will add to a backlog of roughly 27,000 existing appeals from previous years that the office is continuing to wade through.
Verge on verge of growing up
With more than 2,000 members attending monthly events organized by chapters in Indianapolis, Bloomington and West Lafayette, tech entrepreneurship group Verge is poised to expand, outgoing executive director Matt Hunckler says.
WellPoint beats analysts’ estimates with 4th-quarter profit surge
The Indianapolis-based health insurer earned $464 million, or $1.51 per share, in the fourth quarter, a 38-percent leap from a year ago, and topped analysts’ forecasts by 8 cents per share.
Pence spells out vision for Indiana in first big address
Gov. Mike Pence used his first State of the State address Tuesday night to lobby for a personal income tax cut, an expansion of Indiana's school voucher system and improved vocational training.
Greenwood seeks funds back from drugmaker with big plans
Greenwood-based Elona Biotechnologies Inc., which has been trying to bring a generic version of insulin to market, was declared in default on $8.4 million in incentives from the city of Greenwood.
Ball State pulls sponsorship of 7 charter schools
Ball State University has pulled its sponsorship of seven Indiana charter schools plagued by long-running academic woes, including one in Indianapolis.
Fire chases five from home
An Indianapolis family of five was displaced Tuesday morning after a fire ripped through their southwest-side home. Firefighters arrived on the scene in the 1400 block of Kappes Street about 7 a.m. and found heavy fire and thick black smoke. The homeowners told firefighters they left all four stovetop burners on high in order to help heat the home during a morning when outside temperatures were in the low single digits. The fire broke out about 10 minutes later, they said.
Power failure hits Fishers
A faulty electrical conductor near 116th Street and Allisonville Road left more than 1,600 Duke Energy Corp. customers in Fishers without power overnight. The outage knocked out lights at several intersections and forced a Kroger store to close. The problem was reported about 2:50 a.m. and resolved by 5 a.m.
Indy utility plans $511 million in power plant upgrades
Indianapolis Power & Light said ratepayers could expect a 2-percent to 3-percent annual increase for a “number of years,” but said he did not know how long the increases would be in effect.
New state agriculture chief to emphasize R&D
Gina Sheets said she's working on new ideas and keeping her eye on farm-related issues in the General Assembly.
Daniels starts at Purdue with fact-finding tour
Former Indiana Gov. Mitch Daniels has started his tenure as president of Purdue University with a fact-finding tour that students said impressed them with his willingness to engage them on changes he's considering for the university.
Pence address set to expand on 1st-year priorities
Indiana Gov. Mike Pence might be shying from specifics ahead of his first State of the State address, but the details of a first-year agenda that will focus on jobs training, expanded spending on private schools and an across-the-board tax cut are largely known at this point.
BioCrossroads: Life sciences a $50B industry in Indiana
The life sciences industry in Indiana employs 55,500 workers paying average wages of more than $88,500 per year, according to new figures released Tuesday by Indianapolis-based life sciences development group BioCrossroads.
Construction
-Kort Builders has completed a 3,482-square-foot retail build-out for Verizon Wireless at 10651 Rockville Road, Avon.
-Kort Builders has completed a 300-square-foot remodel of Research Kitchen space for Endangered Species Chocolate at 5846 W. 73rd St.