CEO convinces investors that ITT is on the rebound
For a guy whose company’s stock price has lost 75 percent of its value, Kevin Modany, the CEO of ITT Educational Services Inc., sounds pretty upbeat. And it seemed to rub off on investors Thursday.
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Top senators eye state’s sales tax for road needs
Indiana lawmakers looking to plug a hole in state transportation spending are considering diverting the state's sales tax on gasoline to transportation.
Lugar to join IU faculty, donate papers to school
Former Sen. Richard Lugar will join former U.S. Rep. Lee Hamilton as a professor in Indiana University's new School of Global and International Studies.
SKARBECK: Now’s the time to reflect on investment results, costs
With 2012 now in the books, it is a great time to undertake an analysis of your financial results.
HICKS: Middle class, education and income inequality
The United States has always had something like a middle class, but for most of our history it has been a distinction not necessarily dependent on income or wealth.
Indiana House panel backs online sales tax collection
Amazon.com and other online-only retailers would have to start collecting Indiana's 7-percent sales tax this summer under a bill endorsed by a state House committee.
Indiana senator seeks gas plant contract review
A top Indiana senator is calling for a review of Indiana's plans to subsidize a proposed coal-gasification plant.
APPEL: Mergers and acquisitions will accelerate by midyear
Savvy Indiana business owners rightly wonder about the merger-and-acquisition and capital market outlook for 2013. Unfortunately, it is likely mixed, with a sluggish outlook for the first half of the year. However, many hope that, by midyear, there will be a pickup to end the year strong.
Indianapolis-area mergers and acquisitions in 2013
Lack of a disclosed price kept these deals off of Indianapolis Business Journal's list of deals.
Blast suspect seeks venue change
The woman charged in the Richmond Hill subdivision explosion that killed two people wants her trial moved outside Marion County. James Voyles, defense attorney for Monserrate Shirley, filed a motion Thursday morning for a change of venue. Shirley, boyfriend Mark Leonard and his brother Bob Leonard were charged in December with murder and arson in connection with the Nov. 10 explosion that destroyed more than 30 homes. Dion and Jennifer Longworth died in the blast.
Ammo complicates house fire
Indianapolis firefighters faced an extra hazard late Wednesday night while battling a Franklin Township house fire when ammunition in the garage began exploding. Homeowner Nina Gregory and her three children escaped the fire without injury and warned emergency workers about the ammo. The home, in the 7800 block of Ithaca Way, suffered more than $200,000 in damage.
First lady undergoing surgery
The governor's office says Indiana first lady Karen Pence is having emergency gall bladder surgery Thursday. Gov. Mike Pence canceled a planned trip to southern Indiana to stay with his wife. A spokeswoman didn't have details about the surgery, but said she would provide updates later Thursday.
Hillenbrand diversifies by growing whole new business
Casket company turns heads with aggressive foray into equipment manufacturing.
United Way lands $11M in grants from Lilly Endowment
United Way of Central Indiana will receive more than $11 million from the Lilly Endowment to boost its capital fund, combat poverty and provide professional development, the groups announced Thursday morning.
Republic to fly for American, buy up to $4B in aircraft
American Airlines has signed a 12-year agreement for Republic Airways Holdings Inc. to operate 76-seat regional jets. It also agreed to purchase up to 94 new aircraft from Brazilian plane maker Embraer.
Carmel tech consultant plans expansion, 36 jobs
Allegient LLC said it will add the jobs by 2017 and expand its Carmel headquarters by 4,000 square feet.
Celadon reports higher quarterly profit, revenue
The Indianapolis-based trucking company said profit increased to $7.4 million in the fourth quarter due to higher freight revenue and lower operating expenses.
ITT suffers tough quarter on enrollment drop, loan losses
ITT Educational Services Inc. shares swooned Thursday morning after the private educator reported sinking revenue and a $9.5 million loss in the fourth quarter. But the stock rebounded strongly later Thursday.