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A strong February wipes out market’s January loss

The Standard & Poor's 500 index rose 4.3 percent in February, the biggest gain since October 2013, helped by strong corporate earnings and a Federal Reserve that seems to have Wall Street's back at every turn.

Steak n Shake owner acquires Maxim magazine

Terms of the deal with Biglari Holdings Inc. were not released. The company, headed by CEO Sardar Biglari, says Maxim will continue under its current management team and stay based in New York.

NCAA, ex-college players ordered to hold settlement talks

The National Collegiate Athletic Association and ex-college athletes have been ordered to hold settlement talks in an $800 million lawsuit claiming the Indianapolis-based NCAA illegally blocks student players from profiting from the use of their images.

Government report: Too few pilots or too little pay?

The nation's regional airlines are having trouble hiring enough pilots, the government says, suggesting one reason may be that they simply don’t pay enough. The average starting salary for co-pilots at regional airlines is $22,400 a year.

Fourth quarter economic growth rate revised much lower

The U.S. economy grew at a 2.4-percent annual rate last quarter, sharply less than first thought, in part because consumers didn't spend as much as initially estimated. For all of 2013, the economy grew at a lackluster 1.9 percent.

Indy hospitals, doctors should start a price war

The choice for health care providers is binary: either limit patient choice through restricted networks or preserve patient choice by making price transparency real and usable. Hospitals and doctors would be better served by the latter.

MEDIA & MARKETING

Imagine a broadcaster coming into the Indianapolis market and buying no less than seven radio stations in one fell swoop. Don’t touch that dial here, but Fort Wayne listeners are in for some big changes ahead. Minnesota-based Adams Radio Group paid at least $6.4 million for seven stations owned by two broadcasters in Indiana’s No. […]

GOVERNMENT

The federal government is allowing Indiana to use $75 million in foreclosure-prevention funds to instead tear down abandoned houses, and Indianapolis officials are chasing a large chunk of the money. The Department of Metropolitan Development has until March 17 to apply for a share of $16 million that’s available for Lake and Marion counties. Spokesman […]

State lawmakers advance roads, education measures

Indiana lawmakers advanced a wide range of measures Thursday as they headed into the final two weeks of their 2014 session, setting up last-minute negotiations on everything from road funding to education.

Mayor: IndyGo hub can be a ‘signature structure’

City officials hope the transit hub will serve as a signature structure that could trigger further development in the area. Work is expected to begin in the fall; completion is expected by the end of 2015.