Area homebuilding permit filings down in July
Permit filings for home construction in central Indiana fell 5 percent last month, the first decline the market has seen since January.
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NCAA quarterly lobbying costs surge during legal fight
The National Collegiate Athletic Association spent more on congressional lobbying from April to June than it did in the previous three quarters combined, as it fought lawsuits challenging its structure.
UPDATE: Underground blast rocks downtown Indianapolis
An underground explosion downtown Wednesday afternoon sent smoke billowing into the street and led to the evacuations of buildings.
WRTV adds sports-talk host Grady to its staff
Michael Grady, a radio sports-talk host on WFNI-AM 1070 and the public address announcer for the Pacers, will begin his job at WRTV on Aug. 22, the station announced Tuesday.
Indy Eleven leads NASL in attendance, could add capacity next year
Indy Eleven officials want to raise revenue but have no interest in raising ticket prices. With the team selling out home games, Eleven chief Peter Wilt will have to get creative, and eventually make another run at a new stadium.
Lender forecloses on two downtown office buildings
The Gold Building and Two Market Square have been struggling to maintain tenants and face a potential exodus of others to the county’s proposed criminal justice complex.
Mainstreet’s Turner to sell REIT in $2.3B deal
HealthLease Properties REIT, which is led by Mainstreet Property’s Zeke Turner, will be sold to Ohio-based Health Care REIT Inc., along with 17 projects Mainstreet has under construction. The deal includes 45 future projects.
Democrats question $12M in consulting contracts
The cash-strapped city of Indianapolis has entered agreements worth more than $12 million as it pursues a public-private partnership for a new courthouse and jail. Mayor Greg Ballard’s office says the fees will be paid by the developer.
Church accuses JPMorgan of mismanagement, self-dealing
Christ Church Cathedral has filed a federal lawsuit against JPMorgan Chase, alleging the bank’s “intentional mismanagement” and “self-dealing” led to $13 million in losses in church trust accounts endowed in the 1970s by Eli Lilly Jr.
Indiana challenge to Obamacare tax-credit rule can go forward
U.S. District Judge William T. Lawrence in Indianapolis on Tuesday denied an IRS bid to dismiss that portion of the state’s 2013 lawsuit, in which it claimed the rule illegally conflicts with a provision of the federal law.
Pence: State to pay special-needs adoption subsidies
The move comes just two months after a LaPorte woman filed a lawsuit, saying the state owed her subsidies.
Farmers on pace for record corn crop, report says
A bigger crop was expected as adequate rain and cool temperatures made for favorable growing conditions in the 18 states that produce 91 percent of the nation's corn.
WellPoint to change corporate name back to Anthem
The name change will be completed by the end of the year, pending shareholder approval, the company said Tuesday.
U.S. employment openings hit 13-year-plus high
Job openings have increased 17.6 percent during the past 12 months, while hiring has risen 9.3 percent during the same period, suggesting a mismatch in the jobs market.
Teachers, students facing new state standards
Indiana teachers and students starting the new school year will have to quickly get up to speed on the state's new academic standards, drafted only months ago to replace the national Common Core standards.
Struggling hospital finds buyer, enters bankruptcy protection
Bloomington’s Monroe Hospital, which has had a close relationship with Indianapolis-based St. Vincent Health, filed for bankruptcy reorganization on Friday and plans to sell its business to a Canadian operator.
Kite shares start trading under 1-for-4 split
Kite Realty Group Trust’s stock fetched $25 on Tuesday, an increase of more than 300 percent from the previous close, after the company’s split took effect.
U.S. Postal Service suffers $2 billion quarterly loss
The agency blamed increases in compensation and benefits costs for the red ink and said it would be unable to make a congressionally mandated payment of $5.7 billion this September for health benefits for future retirees.
Revitalization plan brings new homes to Crown Hill area
Near North Development Corp. is serving as master developer of the project, which is using $488,000 in U.S. Department of Housing and Urban Development grants.
Roundup: Illinois Food Emporium sold; Snooty Fox update
The Illinois Street Food Emporium, a north-side staple for decades, has a new owner, while the owner of the Sahm’s chain dishes on his plans for the Snooty Fox building.