Stocks have worst annual performance since 2008
The Standard & Poor’s 500 index and the Dow Jones industrial average both declined Thursday, the last trading day of 2015, putting both in the red for the year.
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Quarterback questions loom large for Colts, Titans
The Indianapolis Colts’ long-shot playoff hopes and their coach's fate could rest with a quarterback who hasn't taken an NFL snap in more than two years against a team with more to gain by losing.
Two local TV execs score national honors in wake of CBS swap
WISH’s Les Vann and WTTV/WXIN’s Kerri Cavanaugh received high-profile industry awards as their stations made major changes in 2015.
Worldwide corporate merger activity hits record level
Companies around the world made plans to spend a record $5.04 trillion on acquisitions in 2015, according to Dealogic, as slow worldwide economic growth and low interest rates pushed companies to combine forces.
IBJ’s most-read stories of 2015
Despite national attention paid to RFRA and Jared Fogle, most of IBJ’s top-read online stories this year were the result of deeply sourced reporting on people, issues and businesses specific to central Indiana.
Indiana adoption advocates optimistic about legislation
The leader of an advocacy group for Indiana adoptees says there’s a good shot that state lawmakers will endorse a bill to expand access to sealed adoption records.
U.S. jobless claims increase to highest level since July
The number of Americans filing applications for unemployment benefits rose more than projected during the Christmas week.
After legal delay, First Merchants set to close Ameriana buyout
The Muncie-based bank, which agreed to purchase New Castle-based Ameriana in June, had faced two shareholder lawsuits opposing the deal. Those lawsuits have been dropped.
Guyer settled $400,000 in Durham debts for just $35,000
Dr. Dale Guyer—who was thrust into the spotlight this week after a news report suggested his Indianapolis clinic provided HGH to Peyton Manning—borrowed heavily from convicted Ponzi schemer Tim Durham, starting in 2003.
Landlords face slowing price gains after U.S. records shattered
The Federal Reserve’s first interest-rate increase in nine years has removed a crutch that’s helped sustain 33 consecutive months of price growth of at least 10 percent.
Judge limits discovery Pence sought in Syrian refugee case
A federal judge has signaled unwillingness to permit wide-ranging discovery that the administration of Gov. Mike Pence sought as it continues to oppose a charity’s resettlement of Syrian refugees in Indiana.
Missed vote puts spotlight on Brainard’s business trips
Carmel Mayor Jim Brainard traveled out of state using public money nearly every month this year. His trips aren’t lavish, but he was gone on city business a total of 79 days, raising questions about both the hard and soft costs.
Trust fund manager that serves disabled entangled in lawsuits
The latest court action involving Special Needs Integrity Inc. is a class-action lawsuit filed against the little-known Indianapolis not-for-profit in November that claims it eroded clients’ account balances with undisclosed management fees and unjustified legal fees paid to the Indianapolis law firm Lewis & Kappes PC.
Deal puts IU doctor’s research on path to market
A professor in the Indiana School of Medicine is hopeful that an antibiotic cocktail he invented will one day improve the lives of millions of people, thanks in part to the Indiana University Research and Technology Corp., formed in 1997 to make work done by IU faculty and researchers available for commercial development.
LifeLine expansion part of IU Health’s reform strategy
IU Health effectively started its own ambulance service in December by adding two ambulances to its long-standing LifeLine critical-care service and opening a call center to help other health care providers figure out what level of transport services a particular patient needs.
KIM: Woes at investment firm highlight need for liquidity
The SEC has been concerned about exactly this scenario caused by the mismatch between a fund offering its shareholders daily access to their money while a significant proportion of its assets are illiquid (i.e. cannot be sold quickly without affecting price).
BOHANON & STYRING: Federal Reserve gives banks unintended windfall
Opaqueness has advantages. Explained in everyday English, one consequence of recent Fed policy would be embarrassing. “We are giving banks $12.25 billion a year in free profits for doing absolutely nothing.
Higher ed commission program encourages college dropouts to return
More than 750,000 Indiana residents have attended some college but quit before completing their degrees. Now, state higher education officials are working with schools to make it easier for those Hoosiers to finish their degrees.
No relief in sight for shortage of affordable housing in area
Marion County is suffering from a severe shortage of affordable housing and the inventory is not expected to increase anytime soon. The most popular financing option to help build affordable housing projects is so limited that only a small fraction of the developments get built.
10 things to expect in the northern suburbs in 2016
We revisited the year’s top news stories in the suburbs on Wednesday, so now let’s look at what you should expect to see in 2016.