Butler set to raise curtain on Hinkle Fieldhouse overhaul
Butler officials have promised the eye-catching renovations will make things much nicer for fans and players while not affecting the historical integrity of the 86-year-old landmark.
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WellPoint profit dips, but rising membership boosts outlook
Enrollment in WellPoint’s health plans increased by 259,000 members in the third quarter. Growth came in WellPoint’s employer and Medicaid plans, while its individual health plans declined by 108,000.
CNO reports lower third-quarter profit, revenue
The Carmel-based insurance holding company had profit of $117.4 million in the period ended Sept. 30, down from $283 million in last year's third quarter. Revenue fell 11 percent, to $967 million.
Indiana Toll Road operator wins approval of bankruptcy plan
U.S. Bankruptcy Judge Pamela S. Hollis in Chicago on Tuesday granted ITR Concession Co. approval of the reorganization plan, which is supported by more than 87 percent of senior secured debtholders.
Central Indiana doctor faces prescription drug charges
Dr. Eric Jones of Pendleton was arrested Tuesday at his general family practice about 25 miles northeast of Indianapolis.
Novo, Lilly shares fall after Sanofi warns of diabetes price war
Shares in Novo Nordisk A/S, Eli Lilly and Co. and other makers of diabetes therapies sank Tuesday after Sanofi CEO Chris Viehbacher said competition on prices in the United States will hurt sales next year.
UPDATE: NCAA player graduation rates on the rise
College athletes are graduating at record numbers and with better rates than non-athletes, according to new statistics released Tuesday by the Indianapolis-based NCAA. Critics are balking at the interpretation of those numbers.
Broad Ripple project gets green light from court decision
The developers of the $30 million apartment-and-retail project on the Central Canal are prepared to move forward now that the Indiana Court of Appeals has dismissed a challenge to the development.
State exports show first decline in three years
Indiana exports slipped slightly last year, marking the first decrease in three years and only the second decline this century, according to a report released Tuesday.
Fourteen hurt in Indiana Amtrak crash with semi
An Amtrak train traveling from Indianapolis to Chicago collided Tuesday morning with a semitrailer in its path along northwestern Indiana rail tracks, injuring at 14 people aboard the train, police said.
Ballard unveils $32M plan to rent electric-vehicle fleet
Mayor Greg Ballard announced Tuesday morning a plan to replace gas-powered cars in the city’s fleet with 425 all-electric and hybrid vehicles by 2016. Indianapolis is the vendor’s first customer.
State won’t try to reclaim Indiana Toll Road from bankrupt operator
Indiana Public Finance director Kendra York said in a letter that the state doesn't want to take over responsibility for running and maintaining the 157-mile road.
Cummins shares get spark from strong third quarter
The Columbus-based manufacturer of heavy-duty engines saw profit jump 19 percent on stronger sales in North America and abroad.
Celadon acquires Pennsylvania trucking firm for $55 million
A&S Services Group LLC is a regional for-hire truckload company based in New Freedom, Pennsylvania, that serves the Mid-Atlantic and Northeast regions.
Villaggio retail spaces up for auction following foreclosure
The developer of the condo project on Virginia Avenue defaulted on the balance of an $11.6 million loan, prompting the sale of the ground-floor storefront units.
LISC aims to turn dormant industrial sites into job-creators
Local Initiatives Support Corp. has unveiled the results of a year-long study to identify the best uses for vacant industrial properties and what areas of the city need the most attention. Topping the list: the East Washington Street corridor.
Westfield OKs publicly funded facility lease
Westfield’s $45 million-plus bet on youth sports got bigger Monday, when its City Council approved a publicly funded lease to build a $25 million indoor soccer facility at Grand Park.
Takeda, Lilly win 99-percent cut in Actos damages award
Judge Rebecca Doherty in Lafayette, Louisiana, said the jury’s decision to order Takeda to pay $6 billion and Lilly $3 billion was excessive and should be reduced to a total of $36.8 million.
Allison exceeds expectations with quarterly report
The Indianapolis-based manufacturer had sales of $553 million in the quarter ended Sept. 30, a 19-percent increase over the same period of 2013. Profit rose to $68.8 million, up from $44.5 million.