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High-stakes convention coming to Indianapolis
Travel writers’ annual meeting is a coup, but pressure is on to score a good impression
Honda investing $40M in Greensburg, adding 300 jobs
Honda Manufacturing of Indiana LLC, a division of Japan-based Honda Motor Co., said on Wednesday that it will invest $40 million in its Greensburg plant and hire 300 employees later this year as it ramps up production of its compact cars.
Indiana exports jumped 10 percent in 2011, report says
Indiana exports soared in 2011 to a record $32.2 billion, according to a new report from Indiana University’s Kelley School of Business.
Girl, 3, drowns in apartment pond
Police say a 3-year-old girl died after drowning in an apartment complex retention pond on the far east side of Indianapolis. The girl's aunt told police that she woke up from a nap Tuesday afternoon to find her front door open and the girl gone. Police launched a search for the girl at the Marina Apartment Complex and she was spotted in the pond a short time later.
Water rates set to rise in Cumberland
Residents in Cumberland plan to voice their outrage at a public hearing Wednesday over a proposed 60-percent water-rate hike. Cumberland Town Manager Jeff Sheridan said GEM Utilities had been operating in the red well before the town purchased it more than a year ago. Now, a study has determined the best way to balance the books is to raise rates. About 550 water customers would be affected by the change, if it's adopted. GEM now charges residents $4.73 per every 1,000 gallons used. The rate would rise to $7.57 under the proposal. By comparison, Citizens Water charges local customers a rate of $3.63 per 1,000 gallons.
PNC earnings sink on soured home mortgages
PNC Financial Services Group Inc. said Wednesday its second-quarter net income shrank 41 percent, as the bank set aside hundreds of millions of dollars to buy back home mortgages.
City plans bid on 2018 Super Bowl
Officials are emboldened by the financial results of the city’s first time hosting the NFL championship game in February, which produced a direct economic impact of $176 million, according to a study commissioned by the Indianapolis Super Bowl Host Committee.
Group: OneAmerica garage needs retail, better design
A group of urban policy advocates and bloggers are appealing the city’s approval of a monolithic parking garage, arguing taxpayers footing the bill for the project deserve better.
Indiana can’t collect on IBM welfare lawsuit, judge rules
Indiana cannot collect millions of dollars it claims IBM owed after its efforts to overhaul the state’s welfare system failed, and the computer giant is entitled to payment for equipment the state kept, a judge said in a Wednesday ruling that condemned both sides.
Westfield health IT firm sold for $473 million
MaxIT’s 1,300 employees, who provide information technology services to hospitals and physician practices, will join Virginia-based Science Applications International Corp.
Interactive Intelligence expects quarterly loss
Interactive Intelligence Group Inc. on Tuesday said it expects to report a net loss in the range of $500,000 to $1.5 million when it releases second quarter results July 31.
City, state planning another Super Bowl bid, sources say
Officials for the city and the state are expected to announce plans to bid on another Super Bowl for Indianapolis, multiple media outlets reported Tuesday, citing anonymous sources.
Duke Energy seeks delay in CEO-switch testimony
Duke Energy Corp. asked state regulators Tuesday for a weekslong postponement of testimony by two top directors, including local businessman Michael Browning, about the surprise CEO switch at the top of America's largest electric company.
Ballard moves to shut down The Project School
Indianapolis Mayor Greg Ballard announced Tuesday evening that he intends to revoke the charter that gives The Project School the authority to operate. Ballard cited poor test scores and “recently discovered financial problems.”
Daniels looks to successors on health exchange
Gov. Mitch Daniels says he plans to ask his potential successors whether the state should set up a health care exchange.
Does entrepreneurial speed dating work?
The annual Innovation Showcase aims to connect area entrepreneurs with interested investors. Think speed dating with higher stakes.
Morse beach closes for summer
The ongoing drought in central Indiana has forced a local beach to close for the remainder of the summer. Hamilton County Parks is closing the beach at Morse Park due to water levels on the reservoir that are nearly 6 feet below normal. Allen Patterson, director of county’s parks, said he had safety concerns about the beach.
Man shot on city’s east side
A 24-year-old male was left in critical condition Monday night after being shot multiple times. The shooting took place about 9:30 p.m. on the east side of Indianapolis, near East 38th Street and North Sherman Drive. Witnesses told police they saw a dark-colored older model Chevrolet Impala with dark tinted windows speed away from the crime scene.
Heat advisory issued for area
A heat advisory has been issued for all of central Indiana for Tuesday, effective until 8 p.m. Temperatures are expected to rise into the upper 90s and possibly to a record 100 degrees, with a heat index of 105 degrees. Wednesday’s high also could reach the century mark.