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WellPoint board member says Braly still backed as CEO

A WellPoint Inc. director said there’s no move by the board to fire CEO Angela Braly for poor performance. Meanwhile, an expert predicted Braly will have at least until early 2013 to right the ship as the company awaits the close of the $4.9 billion Amerigroup acquisition.

Indiana auto parts maker plans factory expansion

Seymour Tubing Inc. is planning a $20 million project to expand and buy new equipment for a southern Indiana factory. The expansion help the company retain 460 workers and add 20 more.

Drought helps well companies, hurts landscape businesses

The worst drought in decades has created a business boom for Indiana's well-drilling companies, whose crews are working long hours to dig new, deeper wells or install new pumps for homeowners whose wells ran dry. Meanwhile, lawn-care and landscaping companies are scrambling to find work.

Ethics rulings say Daniels can lobby for Purdue

Two state ethics rulings have concluded that Indiana Gov. Mitch Daniels can lobby the state Legislature for university funding and other matters once he becomes Purdue University's president next year.

Man charged in 13-year-old’s rape

A Carmel man faces numerous charges after being accused of raping a 13-year-old girl. Charles Blake Bracken, 19, was charged with rape, child molestation, criminal deviate conduct, sexual battery and contributing to the delinquency of a minor. Police allege he took advantage of the teen while she was under the influence of alcohol last month during a party at Carmel Woods apartments.
 

Local watering bans still in effect

Despite recent rainfall, local water utilities aren’t ready to lift water-conservation measures. Citizens Water said levels at Indianapolis-area reservoirs are rising,  but more rain is needed before it would consider dropping mandatory watering bans. “We are in such a deficit when it comes to rainfall that we can’t lift the ban only to put it back in place in a couple of weeks when we’re back in the same situation that we were last month,” said spokeswoman Sarah Holsapple.
 

Colts take big risk with new in-stadium offering

NFL monitoring wireless offerings at Lucas Oil Stadium as one of five test sites before signing a leaguewide telecommunications deal. Colts new app and in-stadium content could be big tests.

USDA slashes corn outlook as drought takes toll

The federal government on Friday drastically cut its expectations for U.S. corn and soybean production for the second month in a row as the worst drought in decades continues punishing key farm states.

WellPoint CEO faces ire of investors who say she must go

WellPoint Inc.’s Angela Braly is facing tough questions about her performance after the Indianapolis-based health insurer reported disappointing earnings last month and cut its 2012 forecast. Investors say Braly is the problem and some are calling for her ouster.

Allison Transmission sets rate on $500 million loan

Allison Transmission Inc., the locally based maker of transmissions for trucks, buses and the military, set the interest rate it will pay on a $500 million term loan the company is seeking to refinance debt.

INDOT: I-69’s first 65 miles may open in November

The first 65 miles of Indiana's Interstate 69 extension from Evansville to Indianapolis are expected to open to traffic in November once contractors finish up the project's first leg, state highway officials said.