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First Financial buying Flagstar’s 22 Indiana branches
First Financial said the $23 million purchase gives it a rare opportunity to expand its presence in the Indianapolis metro area at a time there are few acquisition targets available.
Durham asks to move back into his mansion
Indicted financier Tim Durham has asked a federal judge to allow him to move from his sister’s home in Geist back to his 20,000-square-foot mansion. Durham has been living with his sister on home detention since his April arrest.
Man shot to death on northeast side
A 20-year-old man was shot to death Monday night at the Carriage House Apartments in the 10100 block of Ellis Drive on the northeast side of Indianapolis. Police responded to a report of shots being fired about 10:30 p.m. and found Antwane Spearman suffering from a gunshot wound. He died shortly after they arrived. Detectives are investigating.
Fair concert moved to Conseco
The Train and Maroon 5 concert, originally scheduled for the Grandstand at the Indiana State Fair, has been rescheduled for Thursday and moved to Conseco Fieldhouse. The bands are donating 100 percent of their performance fees to the Indiana State Fair Remembrance Fund. The fair and Pacers Sports and Entertainment, which manages Conseco Fieldhouse, also are donating all proceeds from the concert to the fund.
Landfill searched in Spierer investigation
The Bloomington Police Department began searching for evidence Tuesday morning at the Sycamore Ridge Landfill related to the disappearance of Indiana University student Lauren Spierer. Bloomington police are being assisted by the FBI, the IU Police Department and a search expert from the National Center for Missing and Exploited Children. The Terre Haute-area landfill is about 55 miles from where Spierer was last seen. The landfill operator has identified areas that contain waste taken from Bloomington around the time of Spierer’s disappearance in early June. The search could take up to two weeks.
Court affirms Murat Centre renaming decision
A state appellate court upheld a lower court's dismissal of a lawsuit that sought to block the Old National Centre naming rights deal.
City to give Angie’s List $4.6M to buy properties for expansion
Money for real estate acquisition is a major component of the $7.1 million in incentives the city of Indianapolis offered Angie's List Inc. for expanding its headquarters campus to accommodate 500 more employees.
Arcadia Resources to delist stock amid cash crunch
Arcadia Resources Inc.’s share price dwindled to just 5 cents as of late Tuesday morning, following the company's announcement that it was delisting its stock and had suffered another quarterly loss.
Angie’s List plans 500 jobs in headquarters expansion
Angie’s List Inc., the fast-growing company that provides customer-review services in 200-plus markets, plans to expand its Indianapolis headquarters, creating up to 500 new jobs by 2015, it announced Tuesday morning.
Adesa to acquire online auction firm for $210M
Adesa said it plans to acquire Redwood City, Calif.-based OpenLane Inc. for $210 million in cash. OpenLane expects to sell more than 300,000 vehicles to dealers this year and generate about $100 million in revenue.
Residential
On a seasonally adjusted basis, the pace of mortgage loan applications grew 21.7 percent for the week ended Aug. 5, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.37 percent from 4.45 percent the previous week. The rate for 15-year mortgages was unchanged at 3.52 percent.
LEADING QUESTIONS: Fast-food guru digs philanthropy
What formative experience helped inspire a Taco Bell franchisee to donate well over $1 million to youth charities? What was his biggest bonehead mistake in business? Charlie Brown has answers.
State Fair stage that failed may not have been inspected
A spokesman for the Indiana Department of Homeland Security said neither the fire marshal nor Homeland Security officials conduct inspections. And the city does not have the authority to inspect items on state property.
Judge denies request to block state voucher program
A judge Monday declined to halt Indiana's broad new school voucher program, saying the law was "religion-neutral" and likely to be upheld.
Safety questions loom over Indiana stage collapse
As the fair reopened Monday, investigators and the families of the dead and injured were still seeking answers to hard questions: Was the structure safe? Why were the thousands of fans not evacuated? Could anything have been done to prevent the tragedy?
$27M mixed-use project planned for Lockerbie
A local developer has a new plan for a prime Lockerbie parcel where ambitious development proposals have fizzled in the past, IBJ reported in print and at IBJ.com.
Lockheed Martin eliminating 47 call center jobs
The defense contractor notified state officials on Monday that the job cuts are a result of its decision to relocate the HR Access and Transportation Worker Identification Credentials programs.
State fair foundation sets up fund for victims
Hoosiers have already given thousands of dollars to the Indiana State Fair to help victims of Saturday's stage collapse.