U.S. retail sales decline on falling auto, gas, clothing sales
Wage gains have been sluggish since the recession ended in 2009, and that's led many people to be more cautious about spending money.
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Business stockpiles show smallest rise in 14 months
Total U.S. business sales fell 0.4 percent in August after a 0.7-percent sales increase in July. It was the biggest monthly sales decline since a 1.1-percent drop in January.
Indians make rare change at the top
Randy Lewandowski this week replaced Cal Burleson to become the Indianapolis Indians' fourth general manager since the organization was incorporated in 1955.
Indiana Michigan Power plans $787M in upgrades
The utility said its plan includes replacing hundreds of miles of miles of electric cable and thousands of poles, along with upgrades to underground networks in South Bend, Fort Wayne, Elkhart and Muncie.
Hotel developer planning project near Hamilton Town Center
A hotel developer based in Columbus, Indiana, is working on plans to build a Holiday Inn Express Hotel & Suites near Hamilton Town Center in Noblesville. Could more hotels be coming down the pike?
Environmental contractor plans $2.8M HQ in Westfield
Environmental contractor Thieneman Construction Inc. plans to build a $2.8 million headquarters in Westfield’s Custom Commerce Park, more than doubling its staff there over the next decade.
Threat-detection tech firm plans to create 84 jobs
Lafayette-based Emerging Threats Pro LLC said it will invest $967,000 to open an outpost in the Parkwood Crossing office park in Carmel.
House GOP wants to rewrite state school-funding formula
Indiana House Republicans say they will work in 2015 to boost money for public schools and rewrite the formula that distributes those dollars to try to reduce the gap between the state’s highest and lowest funded districts.
IU says Stonegate CEO did not earn Kelley degree
The CEO of Indianapolis-based Stonegate Mortgage Corp., one of the nation’s fastest-growing publicly traded mortgage companies, did not earn a degree from Indiana University as his company profile claims.
Closure of paper-converting facility to cost 55 jobs
A Montreal-based company plans to close its paper-converting facility in Indianapolis, putting 55 employees out of work, the company said Monday in a notice to the state.
Purdue expert: Holiday spending to climb 4 percent
While money spent on Christmas and Hanukkah gifts is likely to increase, so are the number of retailers and Internet sites available to consumers. That will dilute sales growth for many retailers.
Area home sales snap year-old losing streak
Central Indiana ended a one-year slump in home sales in September, recording its first monthly increase in home-sale agreements since August 2013.
Angie’s List plans big expansion with $25M in public help
The struggling consumer-review firm plans to spend some $40 million to expand its headquarters campus on the east side of downtown and create 1,000 jobs with the help of more than $25 million in state and city incentives.
Area homebuilding permits up slightly in September
Permit filings for home construction in central Indiana increased 1 percent in September, marking a small jump following two months of declining activity in the local homebuilding market.
MacAllister seeks $2.7M tax break from city on HQ project
The Indianapolis-based distributor of Caterpillar equipment is planning a 300,000-square-foot campus on the southeast side and 70 hires over five years.
Developer seeks tax break for downtown hotel project
Developers planning a new Home2 Suites by Hilton in downtown Indianapolis are asking the city for a property-tax break on the project that could save them more than $650,000.
Votes delayed on forming agency for planned lake
Project advocate Rob Sparks said he's asked the Madison County Council to push back consideration of the proposed Mounds Lake Commission until at least next month.
Council OKs $70m road bond
The borrowing plan will target streets and sidewalks across the city. Also on Monday night, City-County Councilors approved a $1 billion city budget.
Contractor investing $1.6M to create local HQ near downtown
Messer Construction Co. is rehabbing a pair of buildings on North Meridian Street that it bought earlier this year.
Ballard’s preschool plan gets new life in city budget
The $1 billion budget approved by the City-County Council Monday night included a last-minute amendment that could put $1.7 million toward the mayor’s plan to cut crime and expand access to preschool.
