Suburban cities may form regional group to fund transit route
Four cities are considering creating an economic development group to obtain state funding for the first phase of a regional rapid-transit route for all-electric buses.
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Farm operator to be featured each day of Indiana State Fair
The operators of 17 farms from around the state have been picked to represent the "Year of the Farmer" during this summer's Indiana State Fair.
IPS puts six surplus properties up for sale
The school district is using a bidding process to attempt to unload the vacant buildings, including the downtown Phillips Temple.
UPDATE: Council to sue over city’s $32M electric car contract
Vision Fleet, the electric car vendor in the middle of a dispute between the City-County Council and the city of Indianapolis, is seeking a legal review of its contract in which a five-judge panel determines the validity of the pact.
Council votes not to consider revised justice center plan
The City-County Council voted 16-13 Monday night against considering a scaled-down plan for a new Marion County criminal justice center.
U.S. stocks slide, pushing Dow into red for year
Stocks have sagged in the past two weeks as investors try to assess if Federal Reserve policymakers will raise their benchmark interest rate later this year for the first time since the recession.
NCAA approves 30-second shot clock in men’s basketball
Men's teams will use a faster shot clock — 30 seconds instead of 35 seconds — and have fewer timeouts, while women's teams will play four 10-minute quarters instead of two 20-minute halves.
Speculation grows over possible Humana acquisition
Humana Inc. has pulled out of a major health care conference and said it will not comment on rumors of a merger, actions that will likely fuel Wall Street speculation that the insurer is part of a developing deal. Anthem Inc. is a possible suitor.
IU Greek houses struggle with health violations
In more than 200 health inspection reports conducted on Greek houses at Indiana University in the last five years, 95 reports contained more than two critical violations.
High-profile broker Buck faces rash of complaints
Thomas J. Buck, who was fired by Merrill Lynch in March and hired by RBC Wealth Management in April, received five complaints from investors between March 23 and May 4, according to the Financial Industry Regulatory Authority.
Fate of Eli Lilly’s potential $2B blockbuster insulin hangs on side effects
Lilly’s basal insulin peglispro proved more effective than the $7 billion blockbuster Lantus at controlling diabetics’ blood sugar, but it also had greater effect on patients’ livers and hearts. Analysts are unsure of its future.
Council member won’t challenge historic church rezoning
Ben Hunter, who represents the district where the church faces demolition, said he doesn’t plan to challenge the rezoning of the property. The full council is expected to vote on the matter Monday evening.
OneJet adds nonstop flights from Indy to Memphis
OneJet, the company that offers commercial flights aboard corporate-size jets, announced Monday that it will offer nonstop service from Indianapolis to Memphis, starting June 22.
Company news
While health insurers in states around the country have proposed large rate increases for the health plans they sell on the Obamacare exchanges, insurers in Indiana are asking for modest increases or even decreases. Anthem Blue Cross and Blue Shield, the state’s largest health insurer, has asked for 2016 premiums just 3.8 percent higher than […]
Longtime CEO of state casino lobbying group stepping down
Mike Smith plans to resign as president and CEO of the Casino Association of Indiana after more than a dozen years in the position, the group announced Monday.
People
Zach Cattell will become president of the Indiana Health Care Association on June 13, replacing Scott Tittle, who is leaving to become executive director of the National Center for Assisted Living. Since 2010, Cattell has been IHCA general counsel and directory of regulatory affairs and reimbursement services. Previously, Cattell practiced law at Indianapolis-based firms Faegre […]
A&E priority list includes Zoobilation, Pride Fest, more
Also this week, the Indianapolis Symphony Orchestra finishes its season…and drops in at the Palladium.
Economists: Second quarter to be worse than expected
U.S. economic growth in the second quarter is predicted to be far weaker than previously expected and it will prevent the pace of annual growth from exceeding last year's 2.4 percent, according to a forecast by a group of U.S. business economists.
Law firm Barnes & Thornburg opens Dallas office
The Indianapolis-based law firm launched the practice, its 13th nationally, with two attorneys and plans to make additional hires in the coming months.
AP report: Companies ‘adjust’ profits more in their favor
As the stock market climbs ever higher, professional investors are warning that some public companies are presenting misleading versions of their results to make it seem like they're doing better than they really are.