Construction spending suffers worst drop in 3 years
Construction spending dropped 1.8 percent in June on a seasonally adjusted basis after rising by a revised 0.8 percent in May, the Commerce Department reported Friday.
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UPDATE: Report clears ex-state official, finds gaps in law
Indiana's inspector general has determined a former state highway official didn't violate any laws in a series of land deals. But Inspector General David Thomas said it went "right up to the line.”
Developer pitches plans for former Carmel golf course
Plans for the former Sunrise Golf Club property along the Monon Greenway in Carmel are coming into focus as the developer asks the city to approve a rezoning request.
Love Culture’s plans approved over Simon’s objection
Love Culture Inc., the bankrupt clothing chain, won court permission to hold expedited store-closing sales, over the objection of unsecured creditors, including Indianapolis-based Simon Property Group Inc.
Two promoted in state attorney general’s office
Former Chief Deputy Attorney General Gary Secrest will take over as assistant attorney general, a new post. Deputy Attorney General Matt Light will succeed Secrest as the chief deputy attorney general.
U.S. employers add 209K jobs; rate rises to 6.2 percent
July marked the sixth straight month of job growth above 200,000, evidence that businesses are shedding the caution that had marked the 5-year-old economic recovery.
Buckingham, partner invest in Zionsville apartments
Local developer Buckingham Cos. is part of a joint venture that plans to renovate and expand a Zionsville apartment complex. But its plans for a key property downtown remain on hold.
Green BEAN Delivery plans $3.8M expansion
The fast-growing local company, which already employs more than 200, plans to add up to 105 workers by 2024.
Stock market plunges as multiple worries vex investors
The stock market fell in early trading after a dose of bad earnings news, and the losses accelerated throughout the day. The three major indexes suffered their biggest losses in months.
PROXY CORNER: Duke Realty Corp.
Indianapolis-based Duke Realty Corp. is a real estate investment trust that offers leasing, property and asset management, development, construction, build-to-suit and other tenant services.
DINING: Chicago-based Yolk changes the way CityWay does breakfast
Its Chicago prices could use a little modification, but this newcomer shows style.
Simon suing ShopperTrak over use of mall cameras
A subsidiary of Simon Property Group Inc. is suing the world’s largest retail traffic counter, claiming it’s unjustly profiting from cameras installed in stores at Castleton Square Mall.
Center Township trustee used invalid police license plate
Center Township registered a police plate to a 2011 Dodge Charger driven by Trustee Eugene Akers, then used the plate for three years after the BMV declared it invalid.
LOU’S VIEWS: At the Cabaret, Karen Irwin’s Janis Joplin tribute transcends
Sans wig, sans period costumes, sans impersonation, Irwin found the beauty in Joplin’s not-pretty styling, filtering it through her own persona and sensibilities. What emerged was a show celebrating two artists
New TV deals to provide huge cash infusion for Colts
The NFL’s new contracts with CBS, Fox, NBC and ESPN—which take effect this month—are set to deliver each of the league’s 32 teams a $27 million bump in national television revenue, according to sources familiar with the deals.
Two-hotel tower proposed across from fieldhouse
A Minneapolis developer wants to build two high-end hotels in the same 15-story building on a surface parking lot downtown across from Bankers Life Fieldhouse.
Startup objects to IndyGo’s no-bid deal with rival
An Indianapolis software startup that hopes to win contracts from public-transit agencies across the country is protesting a no-bid deal by IndyGo.
HALO startup funding surpasses $20 million mark
HALO reached the $20 million milestone after pumping nearly $1.5 million in the first half of 2014 into mobile app developer Bluebridge Digital, contract-research firm AIT Bioscience, threat-intelligence firm Emerging Threats and sales-automation software firm TinderBox.
Acquisition costs contribute to Kite quarterly loss
The company’s loss of $5.1 million in the second quarter was mostly due to costs from its $1.2 billion acquisition of Inland Diversified Real Estate Trust early this month, the Indianapolis-based company said.