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Express Scripts, WellPoint in contract fight

Pharmacy benefits manager Express Scripts Inc. said Tuesday it is in the middle of a contract dispute with WellPoint Inc., one of the biggest health insurers in the United States.

Illinois tax breaks could trigger demand for more

Under the threat of losing thousands of jobs to other states, Illinois lawmakers on Tuesday approved a tax-relief package meant to keep Sears and the Chicago Mercantile Exchange from leaving. The state’s governor is expected to sign it.

Proposed Broad Ripple parking garage gets zoning OK

The controversial project is a $15 million, three-story garage that the city of Indianapolis will subsidize with $6.3 million in parking meter revenue. The project also features a retail component, which neighbors say will lead to increased traffic.

Cops probe double homicide

Cumberland police worked late into the night Monday looking for evidence at the scene of a double homicide. The bodies of 7-year-old Kyleigh Crane and her 21-year-old uncle, Jeremy Crane, were found about 3 p.m. Monday inside a home in the small town just east of Indianapolis. Police believe they died of gunshot wounds and are awaiting autopsy results. Police said the two were last heard from alive about 10 a.m. Monday, when a relative talked to them by phone. The homicides are the first in Cumberland in three years.

Policeman kills man in shootout

An Indianapolis police officer shot and killed a 23-year-old man Monday night, police say, after the suspect opened fire on the officer during a traffic stop. Demetrius Martin of Indianapolis died in the shooting in the parking lot of Carriage House Apartments near 42nd Street and Mitthoeffer Road. Officer Dewey Runnels was shot in the left upper thigh and then fired back, police said. Runnels was hospitalized in good condition. Martin has been involved in at least a dozen previous police reports involving drugs, guns and assaults.

Rolling Stone, Bacardi to host Super Bowl bash

Rolling Stone magazine and rum maker Bacardi say they plan to throw a star-studded party the night before the Super Bowl at a renovated factory called The Crane Bay two blocks west of Lucas Oil Stadium.

Endocyte shares plunge on clinical trial results

Shares of Endocyte Inc. plummeted more than 60 percent Tuesday morning after clinical trial results showed the company’s experimental ovarian cancer drug led to shorter survival times than treatment with a standard cancer drug.

CEO: Steak n Shake poised for global growth

In his annual letter to shareholders, Sardar Biglari says he has commitments for 110 new franchises and thinks the Indianapolis-based restaurant chain could take its concept overseas.

U.S. retail sales increase for sixth straight month

Americans spent more on autos, furniture and clothing at the start of the crucial holiday shopping season, boosting retail sales for a sixth straight month. Meanwhile, sales fell at grocery stores, building supply stores and restaurants.

Residential

The average rate for 30-year mortgages fell from 4.25 to 4.24 percent for the week ended Dec. 7, according to Bankrate.com. The rate for 15-year mortgages was stable at 3.48 percent.

Sales/acquisitions

Caine Turley Real Estate LLC bought an 8,800-square-foot industrial building at 16469 Southpark Drive, Westfield.  The price wasn’t disclosed. The buyer was represented by J.D. Graves of CBRE. The seller, Fifth Third Bank, was represented by Chris Price of Keller Williams.

Construction

Dixon Construction Group has been hired to oversee the construction of a 42,000-square-foot addition to Genesis Plastics Welding at 720 E. Broadway, Fortville.