Investor rates bond for Palladium among nation’s best
Municipal bond manager Josh Gonze of Thornburg Investment Management in Santa Fe, N.M., picked the $80 million bond on Carmel's Palladium concert hall as one of the six best in the nation.
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Marsh CEO Lazaran leaving company; successor picked
Supermarket News, citing unnamed industry sources, reported late Tuesday that former Price Chopper executive vice president Joseph Kelley would replace Frank Lazaran, who has been CEO of Marsh Supermarkets since 2006.
Butler’s Mack to test NBA waters without agent
Butler University junior guard Shelvin Mack will declare for the NBA draft, but not hire an agent, keeping his college eligibility as he considers his options.
Murder suspect appears in court
The man accused of killing a popular Indianapolis musician made his first court appearance Tuesday. Prosecutors say Allen Parker confessed to killing John Austin Butsch last Thursday. Butsch was found dead inside his Woodruff Place home after a neighbor noticed his front door was open and called police. Parker was in court for an initial hearing to face charges of murder, criminal confinement and robbery. Detectives say Butsch evicted Parker, and they believe Parker killed him in revenge.
Storm warning system revamped
Major changes are coming to Marion County’s storm sirens this summer. Starting in July, the warning sirens will be sounded during tornado warnings from the National Weather Service but no longer during a tornado watch unless a public safety officer spots a tornado or after there have been confirmed reports of imminent life-threatening conditions. Officials said they will also go high-tech with warnings, sending out alerts to cell phones and landlines.
Four arrested for selling baby
Indianapolis police have arrested four people, including a convicted child molester, as part of an alleged baby-selling scheme. According to investigators, Michael Overby, 57, who was convicted of child molestion in 1984, and his sister-in-law, Debbie Overby, 50, tried to purchase a baby from Rose Faucett, 36, and Phillip Hester, 58. Faucett has a history of prostitution, police say. Michael Overby falsely signed a paternity affidavit at Wishard Hospital, claiming to be the baby's biological father, according to police. All four face charges of neglecting a dependent and child selling, and more charges could be filed.
Executive compensation surges at CNO Financial Group
The Carmel-based life and health insurer more than doubled CEO Jim Prieur’s compensation, and also gave increases ranging from 44 percent to 89 percent to other top executives.
Durham prosecutors propose case-notification plans
Instead of individually notifying the 5,400 investors that Tim Durham and two business partners are accused of defrauding, prosecutors want to keep them apprised of court proceedings through websites and an automated call center.
Calumet Specialty hopes to raise $375M to pay off debt
Indianapolis oil-refiner Calumet Specialty Products Partners LP intends to sell $375 million in senior notes to pay off existing debt.
Roundup: LoveSac, St. Elmo, Jets Pizza, Hokkaido Buffet
A new retailer at The Fashion Mall, a couple of new chain restaurants and a major renovation for St. Elmo Steak House lead the latest retail roundup.
Software firm seeks to reorganize as holding company
Interactive Intelligence Inc. will ask shareholders at its next annual meeting to vote on a proposal to reorganize the software firm under a new holding company called Interactive Intelligence Group Inc.
Gun bill advances without exemption for Indy venues
The Capital Improvement Board, which runs the Indiana Convention Center and the city’s professional sports venues, had hoped to get an exemption to Senate Bill 292, which pre-empts local governments from creating their own rules about where people can carry guns.
INSIDE DISH: Irvington cafe knows its audience
John Robertson swore he'd never go into the restaurant biz. Now his comfort-food oasis is an east-side institution, in part for hemming to its historic surroundings and middle-class roots.
General Mills considering site near Fort Wayne
The Allen County Council is considering giving General Mills a tax abatement of more than $3 million over 10 years on a proposed $36 million warehouse near Fort Wayne.
Proposal aims to keep students from inadequate teachers
Indiana students wouldn't be stuck with poor-performing teachers for two years in a row under changes House lawmakers are considering to a bill requiring annual teacher evaluations.
Indiana redistricting plan appears to benefit GOP
Republicans who control the Indiana General Assembly on Monday released proposed new maps for the state's nine congressional and 150 legislative districts, which seem to point toward solidifying GOP gains in the Statehouse.
Indiana retailers press for online state sales tax
Indiana's retail lobby urged state lawmakers Monday to pass an online sales tax provision that they said would level the playing field for businesses in the state and raise hundreds of millions of dollars in revenue.
Construction
-Kort Builders has started construction of a 2,700-square-foot retail space for Cash America at 5103 E. 16th St.
-Kort Builders has started construction of a 3,000-square-foot retail space for Soma Intimates at 14300 Clay Terrace Blvd., Carmel.
-Kort Builders has completed a 2,000-square-foot medical space for Decatur Vein Clinic at 105 S. Raceway Road.
People
Bradley Bullock has joined City Real Estate Advisors as senior vice president of acquisitions.
Residential
On a seasonally adjusted basis, the pace of mortgage loan activity decreased 2 percent for the week ended April 1, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.93 percent from 4.92 percent the previous week. The rate for 15-year mortgages decreased to 4.14 percent from 4.16 percent.