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WellPoint beats expectations despite smaller profit

WellPoint Inc.’s profit fell in the second quarter, but still topped Wall Street’s expectations. The health insurer raised its full-year profit forecast and projections for enrollment in its health plans.

For-profit colleges tap GI Bill loophole for business

The so-called “90/10 rule” limits a for-profit college to getting no more than 90 percent of its revenue from the government. However, veterans’ and military tuition programs are excluded from the cap, and the colleges have aggressively recruited from the military.

Pence wants immigrant children returned to home countries

Pence said Tuesday he did not learn about the placement of more than 200 immigrant children with Indiana families until reading about it in news reports. Thousands of unaccompanied children have migrated to the U.S. illegally this year.

Connecticut nixes rate increase by WellPoint subsidiary

Anthem told regulators that the 12.5-percent rate increase was needed because of higher costs for medical services, pharmaceuticals and fees levied by the federal government as part of the Affordable Care Act.

Soldiers get $92M in debt relief under settlement

Thirteen states, including Indiana, have settled an investigation into improper lending with a court agreement that is expected to provide $92 million in debt relief for 17,800 U.S. military personnel.

Church wants to put sewer-overflow plan on hold

A Carmel church is asking a Clay Township utility to withdraw its offer to buy part of the church's land for a sewer-overflow tank so that church officials can conduct research and meet with neighbors for input.

Shopping mall owner offers $5.6B for competitor

Klepierre SA, which is partly owned by Indianapolis-based Simon Property Group, has offered to buy Dutch competitor Corio NV to solidify its position as Europe’s second-largest publicly traded-shopping mall operator.

Hunt Construction acquired by L.A. engineering firm

The city’s largest construction contractor, whose local projects include Lucas Oil Stadium and the JW Marriott hotel, has been acquired by Los Angeles-based engineering firm Aecom Technology Corp.

NCAA settles head injury suit, will change rules

In a deal expected to “change college sports forever,” the NCAA agreed Tuesday to settle a class-action head injury lawsuit by creating a $70 million fund to diagnose thousands of current and former college athletes to determine if they suffered brain trauma.

Judge OKs record-setting $2B sale of Clippers

In allowing the deal to go forward, Superior Court Judge Michael Levanas sided Monday with Sterling's estranged wife, Shelly Sterling, who negotiated the record sale after the NBA banned the 80-year-old billionaire for making offensive remarks about blacks.