Will Power earns more than $2.5M for Indianapolis 500 victory
The overall purse for the 33 drivers in Sunday’s running of the Indianapolis 500 was $13,063,073.
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Danica Patrick ends racing career with crash at Indianapolis 500
Now headed into retirement, the former NASCAR star is the only female driver to lead laps in the Indy 500 and the Daytona 500, creating a strong brand and becoming a role model for little girls everywhere.
Will Power wins Indy 500 on slick, scorching track
Sunday’s race conditions and new cars with less downforce cost a number of big-name drivers a shot at IndyCar’s most prestigious event. Defending winner Takuma Sato as well as Danica Patrick, Sebastien Bourdais, three-time winner Helio Castroneves and Tony Kanaan lost control and wrecked.
Former IU football coach Mallory dies at 82 after fall
The winningest football coach in IU history, Mallory took Indiana to six bowls from 1984-96. His blunt assessments and earthy phrases made him a favorite around Bloomington.
Women CEOs still rare at public companies, but pay tops that of men
Topping the list of highest-paid female CEOs is Indra Nooyi, CEO of PepsiCo, whose compensation was $25.9 million.
For public company CEOs, $11.7M is middle-of-the-pack pay
Chief executives at the biggest public companies got an 8.5 percent raise last year, bringing the median pay package for CEOs to $11.7 million.
Indiana consumer agency recommends state reject IPL rate increase
In a sharp rebuke, the Indiana Office of Utility Consumer Counselor said IPL’s $96.7 million rate increase is unjustified. It is recommending a much smaller increase.
Indianapolis car dealer charged in $7M international fraud scheme
Investigators from the U.S. Department of Justice say the 47-year-old owner laundered proceeds from the scheme through his dealership.
Hoosier carnival pro buys back big amusement operation on the cheap
It’s been a bumpy ride for North American Midway Entertainment, which was sold in 2015 to a Connecticut-based buyer for $75.5 million. One of its former owners just bought it back for $23.5 million.
Investigators say volunteer fire department treasurer stole $238K
A review by the Indiana State Board of Accounts released Friday morning found that a former township fire department treasurer used the department’s money to pay for personal expenses related to youth hockey, phone and satellite TV services, and funeral expenses.
Local group converting former Phoenix Theatre building into condos
Plans for the historic structure in the downtown Chatham Arch neighborhood call for three condominiums priced at roughly $1.1 million each. Work is set to begin early next month.
Penske: Guarantee full-time drivers Indy 500 starting spots
Roger Penske has a very simple solution for the predicament the Indianapolis 500 created when one of its most popular drivers, James Hinchcliffe, was bumped from the field during qualifying.
Indiana convenience stores find new way around cold beer ban
The announcement on Thursday, ahead of the Memorial Day weekend, was the latest attempt to combat liquor stores’ exclusive right to sell cold carry-out beer in Indiana.
U.S. Senate candidate Mike Braun’s assets worth $35M to $96M
Democratic U.S. Sen. Joe Donnelly’s assets, on the other hand, are much lower and fall somewhere between $872,000 and $1.9 million.
Group launches east-side retail discount program
The free card offers discounts at 18 east-side establishments, mostly restaurants and shops. Also in Property Lines: new drinking and dining options on the south side; Valvoline adds to local footprint.
Roundup: Fishers borrowing $16.4M for Yard, plus Tex-Mex to open in Carmel, Denny’s in Whitestown
Progress on the multi-use, 17-acre Yard at Fishers District project is just beginning as funding for the project and more details about its retail tenants fall into place. Also coming soon: Chuy’s in Carmel, The OutHouse in Noblesville, and a free fitness court in Westfield.
Indiana’s largest beer distributor laying off 100 workers
Monarch Beverage Co. expects the job cuts to occur by Sept. 1, when the Indianapolis-based wholesaler will pull out of the wine business by closing its $67 million-a-year wine distribution business.
Emails show deception by Nassar, USA Gymnastics
USA Gymnastics agreed to use false excuses in 2015 to account for the absence of sports doctor Larry Nassar, according to emails.
Orthopedics distributor eliminating 70 jobs in Indianapolis area
Employees have been notified that their jobs will be eliminated in phases beginning in August and concluding Oct. 31.
Danville brothers revving up communications software firm at IMS
Kerauno, an Indianapolis-based startup, signed a deal with Andretti Autosport this year to help the IndyCar team better communicate with its sponsors, hospitality guests and other corporate partners and fans through a variety of electronic means.