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Faucet maker Delta changes presidents

Carmel-based Delta Faucet Co. has a new president after a pair of promotions by parent company Masco Corp., the companies announced.

Expert testifies NCAA scholarship caps hurt competition

The National Collegiate Athletic Association stifles competition among schools for players by capping scholarships, a Stanford University professor said Tuesday at a trial in which athletes are seeking a cut of the billions of dollars generated by college sports.

IPS says outside audits confirm budget surplus

Two outside financial audits confirmed what Indianapolis Public Schools Superintendent Lewis Ferebee declared in March: IPS has been operating with a surplus rather than a deficit.

Indiana golf courses seeing revenue increases

While golf-related revenue for courses nationwide was down 2 percent in April compared to the same period a year ago, Indiana courses were up almost 8 percent. And that's not the end of the good news.

Former CEO sentenced for federal tax evasion

Joseph C. Scott, 54, the former CEO at KSM Profit Advisors LLC, was convicted of underreporting his income taxes from 2005 to 2009, resulting in unpaid taxes of nearly $600,000.

Radio personality Vaughn files suit against WTLC parent

Kelly Vaughn alleges in a federal discrimination lawsuit that Radio One showed preferential treatment to male co-worker Amos Brown by firing her but retaining him after they worked on an outside project.

Ponzi scheme leader gets 10 years in prison

Rudolf “Rudi” Pameijer, a former Johnson County insurance agent who pleaded guilty to scamming $1.8 million from two dozen investors, was sentenced Monday to 18 years in prison, with eight of those years suspended.

Biotech firm Algaeon plans $25M lab in Westfield

Indianapolis-based Algaeon Inc. plans to move its algae-growing operation to Westfield, investing $25 million and adding 25 jobs over the next five years. The biotech firm is seeking to phase in personal property taxes while it ramps up production.

New name, same game for big Fishers employer

Sallie Mae’s loan-servicing operation in Fishers has a new name and a new look. Navient employs about 2,300 Hoosiers, including more than 1,400 in Hamilton County.

NCAA reaches $20M settlement of video game claims

The agreement was announced hours before the NCAA went to federal court in California to defend itself against a class-action lawsuit from former players over use of their images in broadcasts and video games.

Audit: Nearly 275 in Indiana await first VA visit

Auditors found that the agency’s complicated appointment process created confusion among schedulers and supervisors, and that a 14-day goal for seeing first-time patients was unattainable.

Wellfount takes $16M and runs with it

The long-term-care pharmacy company, which puts Redbox-style vending machines in nursing homes, thinks a fresh infusion of cash will allow it to double revenue this year and become self-sustaining.