Angie’s List prices shares at $13 for stock offering
The Indianapolis-based company said it plans to sell 8.4 million shares, most of them held by current stockholders.
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Subaru to add 100 jobs as part of $75 million expansion
Subaru already employs 3,600 at its Lafayette facility, with 600 workers added in the past three years. The expansion will ramp up production from nearly 171,000 cars a year to at least 180,000.
IBJ A&E road trip: ‘Sunday in the Park with George’…and Lou
Join me on a Chicago trek to see masterpieces by Seurat and Sondheim. And have a blast doing it.
Gubernatorial candidate Gregg calls for corporate tax cut
Democratic gubernatorial candidate John Gregg called for eliminating the state's corporate income tax on Indiana-based businesses Wednesday as he continued to roll out his policy ideas ahead of November's election.
Judge says lawsuit can proceed against for-profit educator
A federal judge has ruled that a lawsuit can proceed against a large for-profit education company accused of using improper sales tactics to lure unqualified students and the billions of dollars in financial aid they bring. The company has two colleges in Indianapolis.
Unemployment tax repayment causes confusion
Indiana's plan to balance an unemployment insurance fund hit hard during the recession might have caused businesses to pay more than they owed, although no one seems to know how many companies were involved or the level of impact it had on them.
Cop loses job, faces jail over sexting
A former Marion County police officer has been arrested for allegedly sending pornographic images and videos to several waitresses. John Benton, 26, was charged with four counts of obscene performance, Class A misdemeanors that carry a maximum sentence of one year each. Investigators said Tuesday morning that Benton had sent a total of four pornographic photographs and two pornographic videos of his private area to female waitresses at Indianapolis restaurants. Investigators took Benton’s personal computer and cell phone for evidence, then terminated him from his position as a deputy.
Food Network star to pace race
A popular Food Network personality has been chosen to drive the pace car at the 2012 Indianapolis 500, the Indianapolis Motor Speedway announced Tuesday. Guy Fieri, a bestselling author and the host of “Diners, Drive-ins and Dives,” will lead the field of 33 drivers in a 2013 Chevrolet Corvette ZR1. Officials said the Corvette ZR1 is the most powerful production car to be selected as the pace car in the race. The 96th Indianapolis 500 is scheduled for May 27.
High school official on leave over kiss
Beech Grove High School’s athletic director has been placed on administrative leave for allegedly kissing a student, school officials confirmed Tuesday morning. Kevin Stephenson was placed on leave May 10, school officials said. Beech Grove police said an 18-year-old student contacted investigators last week and told them Stephenson kissed her on the cheek inside an office. He was placed on leave the next day. Stephenson has been athletic director at the school for about five years. No criminal charges have been filed.
Former Pac-Van owners return to mobile office biz
Brent and Matthew Claymon have founded OnSite Space LLC and acquired Indianapolis-based Tyson Corp., to form OnSite Space by Tyson. The brothers sold Pac-Van in 2006 and have returned to the industry after their five-year non-compete expired.
Feds say wiretaps show evidence of financial plot
A federal judge in Indianapolis refused to throw out wiretap evidence in the $200 million fraud trial of former Indiana businessman Tim Durham as the government outlined a case largely based on those recordings.
Activists plan to protest WellPoint political giving at meeting
A mix of union groups, activist investors and single-payer advocates will call for increased disclosure from WellPoint, and some investment funds will vote against WellPoint board members who they say have failed to exercise proper oversight of WellPoint’s political spending.
Klipsch helps parent firm double cash flow
Indianapolis-based speaker maker now owned by Voxx International posted year-end sales of $169.5 million, which appeared to be flat compared with prior periods.
Student-loan debt-collection agencies garner criticism
Lucrative incentives paid to federal student-loan collectors are sparking criticism that not-for-profit loan-guaranty agencies are reaping a bonanza from the troubles of former students. USA Funds, the largest guaranty agency, is based in Indianapolis.
First-quarter profit, revenue flat for Noble Roman’s
The pizza franchisor earned $365,079 in the quarter ended March 31. But it continues to see more growth from take-n-bake products in grocery stores.
AT THE TRACK: Viso ready to hit higher gear
The 26-year-old Venezuelan driver E.J. Viso hopes this year's Indy 500 will be his next step toward a breakout season, propelled by greater patience, a new race engineer and the tutelage of Jimmy Vasser.
Summit lands bank tower management contract
Summit Realty Group assumed management of the 28-story M&I Plaza on May 14, replacing CBRE.
City’s final tab for hosting Super Bowl: $1 million
CIB and city tourism leaders say that the money was well spent considering the game could translate to $300 million in direct visitor spending over the next several years.