Kenyan private schools inspire $100,000 idea for Indianapolis
An Indianapolis not-for-profit is betting that a school reform plan with roots in Africa can help turn around a troubled Indianapolis public school.
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House votes to block EPA regulation of streams, wetlands
The proposed rules have fueled political anger in the country’s heartland, becoming a top issue of concern for many farmers and landowners who say there are already too many government regulations affecting their businesses.
Honda’s oval package could make Indy 500 different race
After watching rival Chevrolet dominate the first five races this season—all on road and street courses—the switch to Indianapolis’ historic 2.5-mile oval is giving Honda a chance to restart.
U.S. retail sales unchanged in April
The retail sales report also raises the possibility that nasty winter weather can't entirely explain the recent lackluster consumer spending in prior months, since the anticipated spring rebound has not materialized.
Lombardo selling local lots to Fischer Homes
Michigan-based Lombardo Homes, which entered the Indianapolis-area market two years ago, is selling nearly 200 local home sites and wrapping up central Indiana operations.
Colts fire back at critics of military marketing
In the last four years, the Indianapolis Colts have been paid more to run advertising and promotions for the U.S. military than all but three NFL teams.
Noblesville OKs $3.7M in incentives for BlueSky
Noblesville Common Council approved spending up to $3.7 million to persuade an e-commerce consulting firm to build a new headquarters near downtown Tuesday night.
Moody’s downgrades Chicago credit rating to junk bond status
Moody's Investors Service announced Tuesday it has lowered Chicago’s credit rating to junk bond status, citing unfunded pension obligations and lagging tax revenue.
Roundup: Arby’s, Which Wich opening new locations in Fishers
More restaurants are expected to arrive in the retail development near Interstate 69 and Southeastern Parkway in Fishers.
Fishers accepting proposals for downtown half-acre site
The Fishers Redevelopment Commission is looking for a new two- or three-story building to occupy about a half-acre of land in the Nickel Plate District.
UPDATE: SEC hits ITT Educational, execs with fraud charges
ITT Educational CEO Kevin Modany and Chief Financial Officer Daniel Fitzpatrick allegedly “engineered a campaign of deception and half-truths” to hide from investors the extent of losses ITT was suffering from student loan programs, the SEC said Tuesday morning.
Sullivan Hardware expanding northeast-side store
Owner Pat Sullivan has purchased nine rental homes surrounding the store and plans to double the size of its lawn and garden center to stay competitive with big-box competitors.
Spotlight highlights
The annual fundraiser offered a wide range of central Indiana talent. Which groups raised the bar?
Union workers vote to end strike at BP refinery in Indiana
About 1,100 workers have been on strike since early February, and the refinery has been run by non-union supervisors and replacement workers.
Ticket giveaway: Broad Ripple Art Fair
The annual event fills the grounds of the Indianapolis Art Center May 16-17. Enter here to be part of the fun.
Developer plans $11M apartment project near state fairgrounds
BWI LLC has purchased an industrial property near Fall Creek Parkway and East 38th Street and plans to convert the building into 49 affordable and market-rate units.
Verizon buying AOL for $4.4B to get foothold in online video
The acquisition gives Verizon, the country’s largest wireless carrier, an entryway into increasingly competitive online video.
Fair Finance trustee reaches $35M settlement with lender
The bankruptcy trustee had accused Fortress Credit Corp. of turning a blind eye to Tim Durham's Ponzi scheme because it was making millions of dollars and held first liens on the only company assets with real value.
Lilly pledges $60M to German firm to form research partnership
In a bid to get into the white-hot market for drugs that use the body’s immune system, Eli Lilly and Co. will spend $60 million to form a research partnership with Germany-based BioNTech.
Software firm Bloomerang snags free land for HQ move
The donor-management software firm says it plans to spend at least $8 million building a headquarters complex at Fort Harrison, part of an attractive deal that involves free public land and a roughly $300,000 grant.