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U.S. unemployment rate ticks up despite rise in hiring

U.S. employers added 163,000 jobs in July, the Labor Department said Friday, a somewhat hopeful sign after three months of sluggish hiring. However, the unemployment rate rose to 8.3 percent, up from 8.2 percent in June.

Kite reports larger quarterly loss, higher revenue

The Indianapolis-based real estate investment trust attributed much of the $2.7 million loss to $1.8 million in interest and depreciation expenses on some of its properties. Revenue grew to $25.1 million.

State Fair tries to rebound from last year’s tragedy

The Indiana State Fair that opened Friday is trying to shake off the emotional and economic shadow of last year's deadly stage collapse, pumping up the event's appeal in hopes of drawing back crowds whose faith in the annual tradition was shaken by the tragedy.

Most Indiana fair stage-collapse victims accept settlement

Most victims of a deadly stage collapse at the Indiana State Fair have agreed to accept shares of a $13.2 million settlement offer from the state and two private companies, the state attorney general's office said Thursday.

NCAA committee endorses new penalty structure

Nearly a year after promising to impose harsher sanctions on the most egregious rule-breakers, NCAA leaders endorsed a proposal Thursday that would make schools subject to the same crippling penalties just handed to Penn State.

Star‘s labyrinth of aging buildings complicates sale, reuse

Local real estate pros say finding a reuse for the Indianapolis Star's HQ will be tricky. The newspaper is selling its labyrinth of buildings at 307 N. Pennsylvania St., which have multiple floor levels, narrow hallways and a basement built to house printing presses.

Biz interests shy from gubernatorial hopeful Gregg

Technically, the Indiana governor’s race is wide open, but some deep-pocketed donors see Democrat John Gregg as a long shot. Gregg tripled his fundraising pace in the second quarter, but much of that was fueled by unions, rather than business groups and executives who’ve supported Democrats in the past.

Showdown escalates in City-County Council over TIFs

Redevelopment of the Massachusetts Avenue fire station could remain in limbo for the foreseeable future, as Mayor Greg Ballard and council Democrats enter a standoff over tax increment financing districts.