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The average rate for 30-year mortgages fell from 3.78 percent to 3.75 percent in the week ended July 25, according to Bankrate.com. The rate for 15-year mortgages fell from 3.04 percent to 3.00 percent.

Lotus may leave IndyCar one year into five-year deal

Group Lotus Plc is considering leaving the IndyCar Series as an engine supplier at the end of this season—its first as a part of a five-year deal it signed last year to supply turbo engines to IndyCar teams.

Beech Grove mayor starts process to form CDC

Mayor Dennis Buckley on Friday requested the establishment of a community development corporation with a signed proclamation, which will be presented to the city’s development commission for consideration. He hopes to have it operating within the next month.

Turf painting spreads as drought ravages lawns

With two-thirds of the nation covered by a drought that stretches from coast to coast, residents and businesses in normally well-watered areas are catching on to the lawn-painting practice employed for years in the West and Southwest to give luster to faded turf.

State fair exec shadowed by tragedy

Cindy Hoye's life has revolved around fairs since she was a child growing up just 10 minutes from the Indiana State Fairgrounds, but for the past year, that lifelong love has been tainted by tragedy.

MORRIS: Legal Aid Society deserves your support

It’s the largest organization in Indiana devoted solely to the non-ideological, non-sectarian, non-governmental provision of civil legal assistance to persons of limited means.

Public safety due for budget cuts, mayor says

Public safety and criminal justice are the only places left in the city-county budgets to look for ways to close a $27 million spending gap for 2013. Sheriff, police, fire and court budgets account for 85 percent of the $569 million general fund.

Multi-employer health clinic to open downtown

NoviaCare Clinics LLC will open a multi-employer health clinic in downtown Indianapolis this fall, opening the door for smaller employers to add the service to their health benefits.

Indiana House Dems boot Bauer, install Lawson as leader

Members of the state’s Democratic caucus voted to replace longtime leader Rep. Patrick Bauer on Thursday amid criticism over how he’s handled campaign fundraising and spending heading into the November elections. Rep. Linda Lawson of Hammond was chosen as his replacement.

Water utility exploring drastic options to satisfy long-term demand

Citizens Water engineers are considering various methods, both short-term and long-term, to meet increasing demand on the water supply of Indiana’s largest metro area, which might need 50 million gallons more water per day as early as five years from now.

New rating system may boost coffers of suburban hospitals

Patients have spoken and—surprise!—they prefer suburban hospitals to inner-city or big teaching hospitals. That means a little extra Medicare money will likely flow to suburban hospitals in the Indianapolis area. But hospitals in the core of Indianapolis, and hospitals that do significant amounts of teaching medical students, may take a hit. That’s the upshot of […]

Web startup aims to connect private businesses, investors

Private firms that need to raise relatively modest amounts of capital have a hard time finding money. Now three Indianapolis entrepreneurs think they have the answer: crowdfunding. Individuals make small investments that are aggregated to fund a business. Indianapolis-based Localstake wants to be the matchmaker.

ALTOM: Web begs you to take time to waste time

I have to confess that I sometimes use technology in a way that is the exact opposite of productivity. I waste good daylight hours using it for short bursts of enjoyment.