Indiana pays off federal unemployment loan
Gov. Mike Pence said Tuesday that the payment will save Indiana employers $327 million in taxes, which equates to $126 per employee.
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State lawmaker floats pension alternative for new teachers
A key state lawmaker says he plans to sponsor a bill in the next legislative session that would allow new teachers to choose a retirement program similar to a 401(k) plan instead of the traditional pension system.
New 296,000-square-foot IKEA won’t cause traffic congestion, officials say
Shoppers won’t typically be traveling to the $40 million store during rush hour, said Fishers Mayor Scott Fadness. Still, the city will move forward with road improvements already planned for the area.
Broad Ripple media firm plans to add 90 workers
Odyssey, which runs a fast-growing, millennial-focused website, is planning a local workforce and real estate expansion amid rising web traffic.
Oesterle starts PAC for GOP Senate candidate
The new super PAC, called Frugal Hoosiers, was started by Bill Oesterle, who stepped down from leadership at Angie’s List this year after leading it for more than 16 years.
IKEA to open at I-69 and 116th Street in the fall of 2017
The Swedish home furnishings retailer will build the store on a 35-acre site east of I-69 in Sunbeam Development Corp.’s Exit Five Corporate Park.
CIB signs pact for $50 million Pacers practice facility
The five-story, 130,000-square-foot St. Vincent Center will be built downtown across the street from Bankers Life Fieldhouse.
CBRE’s three-year courtship of Sitehawk pays off
After becoming managing director in 2010 of the local CBRE office, John Merrill knew he needed to do something to improve the firm’s retail services. He soon set his sights on market leader Sitehawk.
Ruling could expose GM to large verdicts in ignition cases
A federal bankruptcy judge has ruled that people suing General Motors over faulty ignition switches can seek punitive damages that could cost the company millions of dollars or more.
VW struggling to keep dealers happy as scandal widens
Volkswagen AG’s goodwill offer of $1,000 to the owners of cars caught in the emissions scandal comes as the company wages a behind-the-scenes effort to soothe another powerful constituency: its U.S. dealers.
Swedish retailer IKEA plans to open store in Fishers
The Swedish home furnishing company known for its massive stores plans to officially announce the new location at a press conference Tuesday morning.
City-County Council gives go-ahead to 16 Tech bonds
The City-County Council voted unanimously Monday night to approve $75 million in bonds for infrastructure improvements that should allow development of the 16 Tech innovation district to move forward.
Louisville dancers sue over claims in escort’s book
Five women say a book by escort Katina Powell falsely accuses them of participating in prostitution at the University of Louisville, according to court documents filed Monday.
UPDATE: Dem leader seeks to outdo Pence on road funding
The leader of minority Democrats in the Indiana House is calling for an additional $2 billion in road funding in a bid to outdo Gov. Mike Pence's call for more highway spending.
Cheap hams could steal the show from turkeys this Thanksgiving
This year’s bird-flu outbreak in the U.S. means turkeys will be more expensive for families sitting down this month for their Thanksgiving meal. But domestic pork supplies are at records, driving down prices.
Advantage CEO exits after un-reported losses come to light
Vicki Perry, the longtime CEO of Advantage Health Solutions Inc., has been replaced after a financial review found “significant un-reported losses” at the Indianapolis-based health insurer.
Supreme Court upholds former Colt’s ‘jock tax’ victory
The U.S. Supreme Court has rejected an appeal from the city of Cleveland over its formula for taxing visiting athletes. The decision upholds a court victory by retired Colt Jeff Saturday and ex-Bear Hunter Hillenmeyer.
Backlash causes Simon to reverse course on Santa glacier display
The Indianapolis-based mall owner already has reversed a decision to—in some malls—replace its traditional Christmas tree in favor of the glacier display after it received a chilly reception.
Indiana legal aid groups get money from bank settlement
The Indiana Bar Foundation says several civil legal aid and pro bono not-for-profits around the state will share $1.4 million in grants during the coming year.
Zoeller opposes robocalling by student-loan debt collectors
Indiana Attorney General Greg Zoeller is urging Indiana members of Congress to work to restore a longstanding prohibition on student loan debt collectors from using robocalls to cellphones.