HHGregg gets $40M from life insurance on former CEO
HHGregg has collected a $40 million payout from a life insurance policy it took out on former executive chairman Jerry W. Throgmartin, who died in January after a sudden illness.
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Hybrid-vehicle hopeful Bright Automotive folding
Bright Automotive Inc., an Anderson company that once hoped to become a major hybrid-vehicle player with hundreds of employees in central Indiana, has called it quits after failing to land a $450 million government loan.
Local PNC Bank exec joining law firm Krieg DeVault
Stephen A. Stitle will leave the bank to come aboard the law firm as a partner on May 1. Stitle has spent a combined 17 years at PNC and National City Bank, which PNC purchased in 2008.
West-side apartment complex to house veterans
Lincoln Apartments is set to be built on the city’s west side, near the Richard L. Roudebush VA Medical Center. The project will be financed with $11 million in rental housing tax credits.
UPDATE: Indiana Senate approves diluted state smoking ban
The Indiana Senate has approved a severely weakened smoking ban with exemptions for bars, casinos, tobacco stores and many other businesses.
Supreme Court to consider who should replace Charlie White
Vop Osili, a Democrat who lost the 2010 secretary of state's race by 300,000 votes, says he still wants the job.
Indiana House votes to phase out inheritance tax
The Indiana House on Tuesday approved a 10-year phase-out of the state's inheritance tax that now brings in about $160 million a year.
Abound Solar halts production, cuts 180 jobs
A Colorado-based solar module maker that hoped to create up to 1,200 jobs in Indiana by next year said Tuesday that it was laying off about 180 workers in Colorado as the company focuses on a more efficient product.
Indiana Senate exempts bars from smoking ban
Bars would be exempt from a proposed statewide smoking ban under a change approved by the Indiana Senate.
Johnson County weighs pros, cons of wheel tax
After five years, members of the Johnson County Council will need to decide whether to keep the wheel tax in place. The fee has collected more than $13.8 million total for local governments.
Citizens Energy projects greater, faster savings from deal
Citizens Energy Group says savings from combining the city’s water and sewer utilities will be 13 percent higher than expected and come two years sooner than previously predicted.
Union seeks restraining order on right-to-work law
A union seeking to block Indiana's new right-to-work law is asking a federal judge to issue an emergency temporary restraining order to keep the state from enforcing the law.
Covington manufacturer plans to add 68 jobs
Urbana, Ill.-based Flex-N-Gate Corp. plans to add positions by the end of the year as part of a $5.1 million expansion at its plant 75 miles west of Indianapolis.
IU Health names Kitchell chief financial officer
Ryan Kitchell, 38, replaces Marvin Pember, who left in July to take an executive position with Philadelphia-based hospital system Universal Health Services Inc.
North side braces for Allisonville projects
Two road projects set to begin soon on Allisonville Road are expected to relieve congestion eventually, but transportation officials expect gridlock for north-side Indianapolis drivers before there is relief. The construction will start in April when crews begin expanding the intersection at Allisonville and 96th Street. Lane reductions at the intersection will last until late November. After Memorial Day, crews will close the Allisonville Road bridge over Interstate 465 for a $19 million, four-month reconstruction and expansion project.
Axe-toting mom captured after son’s death
Police say a Johnson County woman who called 911 and told a dispatcher that her 3-year-old son was dead tried to attack officers with an axe after they found the boy's body in her apartment. Officers responding to the call Monday about 9:30 p.m. broke into Amanda Smith's Trafalgar apartment. After the boy’s body was taken away by paramedics, Smith jumped out of a closet and began swinging an axe at the officers. Smith, 33, eventually surrendered and was taken into custody.
Durable goods orders suffer worst drop in three years
Businesses slashed spending on machinery and equipment in January after a tax break expired, pushing orders for long-lasting manufacturing goods down by the largest amount in three years.
Butler basketball hits 40-plus-year attendance high
The Butler men's basketball ticket hasn't sold this hot since the early to mid 1960s. With university president James Danko committed to building on the program's success, attendance is likely to keep climbing.
Castleton Square Mall lands Borders replacement
Forever 21, a privately held California-based chain, has begun converting the roughly 25,000-square-foot former bookstore at the south entrance to the mall and is targeting a summer opening.