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The Labor Department said Thursday that applications for unemployment benefits declined by 3,000 last week, to 382,000. The four-week average, a less volatile measure, rose for the fifth straight week, to 377,750, the highest level in nearly three months.
State Sen. Brent Steele, R-Bedford, said he’ll introduce legislation in the 2013 legislative session that would make possession of 10 grams or less of marijuana an infraction, rather than a criminal offense.
Luxury outlet malls—where upscale retailers such as Coach Inc. and Michael Kors Holdings Ltd. hawk discount goods—are now the main source of expansion for the Indianapolis-based real estate investment trust, the country’s largest.
Video highlights from the Sept. 19 free event, helping to kick off the Indy arts season
The widow of medical device pioneer Bill Cook ranks 104th with a net worth of $3.7 billion. Other Hoosiers to make the Forbes 400 list were shopping mall magnate and Indiana Pacers owner Herb Simon, hotel developer Dean White and Indianapolis Colts owner Jim Irsay.
Indiana Gov. Mitch Daniels' team of federal health care overhaul leaders told state lawmakers Wednesday that even without clear answers on the new law, it will cost the state hundreds of millions more in the coming years.
Simon Property Group Inc. has settled a dispute with the estate of its late founder Melvin Simon, converting his ownership units into common shares and selling them for $944 million.
While awaiting word on a possible $75,000 grant from the city of Carmel, Actors Theatre of Indiana made a plea for emergency donations Wednesday afternoon.
What most people consider Fountain Square is actually a combination of three neighborhoods: Fountain Square, Fletcher Place and Holy Rosary. In 2005, I started working on my first project in this area, and it has changed the direction of my professional path in just about every way possible.
Class B admirers are benefiting from low prices and lending rates, and turning the buildings into apartment and company headquarters.
Code dating to 1969 to be updated to encourage density, sustainability and mass transit.
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.
Pharmaceutical industry heavyweights, including Eli Lilly and Co., are teaming up to improve the way experimental drugs are tested so they can get approved, and reach patients, faster.
A panel conversation with Katie Culp, senior managing director, principal, Cassidy Turley; Mike Higbee, president, DC Development Group; Christie B. Kelley, chief financial officer, executive vice president, Duke Realty Philip; G. Kenney, president, F.A. Wilhelm Construction Co.; Thomas K. McGowan, president and chief operating officer, Kite Realty Group; and Tadd M. Miller, CEO, Milhaus Development LLC.
Investigators say a large fire that damaged two houses on the southwest side of Indianapolis late Monday night was intentionally set. Police have identified two possible suspects in connection with the fire in the 2200 block of West Morris Street. The fire caused an estimated $55,000 in damage to a vacant house and $20,000 in damage to a home next door. No injuries were reported.
Police have arrested 13 individuals on prostitution-related charges after an investigation into Asian massage parlors in Indianapolis, Plainfield, Shelbyville and Greensburg. Police said the operation included undercover work and coordination among several law-enforcement agencies. The charges include prostitution, promoting prostitution, patronizing a prostitute and corrupt business influence. Police also seized more than $115,000 in cash.
Marion County Prosecutor Terry Curry said Wednesday that he is filing multiple charges against more than a dozen members of two competing south-side Indianapolis gangs, the “Problem Child Gang” and “Fountain Square Boyz.” Charges range from criminal gang activity to battery and corrupt business influence. Investigators said the gangs are behind a series of crimes, including robberies, drug sales, graffiti and gun crimes. Many of the gang members are juveniles.
California-based Ingram Micro agreed in July to buy BrightPoint for about $840 million, including $190 million in debt.
