State bar fund awards $100,000 to Conour fraud victims
Former Indianapolis attorney William Conour, whom the government says defrauded former clients of nearly $7 million, is currently serving a 10-year sentence in prison.
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Ball State professors poke holes in Mounds Lake study
A state-funded feasibility study for creating a reservoir on the White River north of Indianapolis severely underestimates the cost of the project, according to a group of Ball State University professors who conducted a peer review of the study.
Justices side with Labor Department in overtime pay dispute
The U.S. Supreme Court has sided with the Obama administration in upholding a rule making mortgage brokers eligible for overtime pay under federal labor law.
Major credit agencies agree to changes sought by advocates
The three largest credit-reporting agencies say they will change how they handle records, including making the dispute process easier for consumers and providing a waiting period before medical debts are reported.
Simon makes hostile bid to buy Macerich in deal worth $22B
Simon’s hostile bid represents a 30-percent premium to Macerich’s closing price on Nov. 18, the day before Simon disclosed it acquired a 3.6-percent stake in the Santa Monica, California-based mall landlord.
While still relatively rare, male nurses on the rise
The U.S. Census Bureau found that 2.7 percent of registered nurses in 1970 were men. That percentage is now closer to 10 percent.
Work starting soon on I-65 widening near Indianapolis
The state highway department said a contractor plans to begin work March 16 on a $36 million project for rebuilding and widening I-65 between Southport Road in Indianapolis and the Main Street interchange in Greenwood.
Raytheon planning to move 250 jobs to Indianapolis
Gov. Mike Pence, Raytheon executives and officials for the Indiana Economic Economic Development Corp. have scheduled a Monday afternoon press conference at Raytheon Technical Service Co. LLC to officially announce the local expansion.
Key lawmakers draw scrutiny for ties to soccer team
House Speaker Brian Bosma and House Ethics Committee Chairman Rep. Greg Steurwald did legal work for the Indy Eleven and owner Ersal Ozdemir's Keystone Construction Corp.
Bill seeks to stop ‘charter shopping’ by failing schools
Rep. Robert Behning, who is sponsoring the measure, said: "We should not be taking bad schools and passing them off to somebody else."
Veteran advocates say issues have been tabled in Legislature
Dozens of proposals have been sidelined, including one that would create a $2 million program to treat those with traumatic brain injuries.
Ballard appoints Kimmick as city controller
Matthew Kimmick, who starts the new job Monday, has been interim controller since October, when Jason Dudich left the role to become chief of staff.
Company news
In an effort to reduce Indiana’s shortage of psychiatrists, Community Health Network will establish a psychiatry residency program in 2016 to provide specialized training to recent medical school graduates. According to Community, 43 of Indiana’s 92 counties have no practicing psychiatrist. “Based on the state’s population, there should be 650 psychiatrists in Indiana, but in […]
Indianapolis airport restaurants see revenue climb
Food sales accounted for nearly two-thirds of $40 million in concession sales at the airport last year.
People
Dr. Jeff Sperring, CEO of Riley Hospital for Children in Indianapolis, will leave to become CEO of Seattle Children’s Hospital in early May, the Seattle hospital announced March 5. Sperring, 45, has been CEO of Riley, which is part of the Indiana University Health hospital system, since late 2011. For two years before that, he […]
Indiana to end Indianapolis-to-Chicago Amtrak line in April
The Hoosier State passenger rail line, which runs four days per week between Indianapolis and Chicago, will discontinue operations after April 1, the Indiana Department of Transportation announced Friday.
Colts announce they won’t bring back Reggie Wayne
Wayne ranks second in franchise history in receptions (1,070), yards receiving (14,345) and touchdown catches (80). He was the Colts' first-round draft pick in 2001 and has never played for another team.
REAL ESTATE
Local economic development veteran Katie Culp is joining KSM Location Advisors in the newly created position of president. Culp, 38, came from DTZ, formerly Cassidy Turley, where she spent 10 years. Culp Founded in 2004, KSM Location Advisors is an entity of local accounting firm Katz Sapper & Miller LLP. The 12-person team is […]
Lawsuit over Covanta recycling center plan set for hearing
The plaintiffs—two paper companies and a local citizen—hope Marion Superior Judge Cynthia Ayers will halt the city's long-term contract with incinerator operator Covanta, which plans to build a new recycling facility on Harding Street.
U.S. adds 295K jobs; unemployment rate falls to 5.5 percent
The U.S. unemployment rate fell to 5.5 percent from 5.7 percent, the government said Friday. But the rate declined mainly because some people out of work stopped looking for jobs and were no longer counted as unemployed.