Former Thomson site may be ripe for development
The vacant 49-acre Sherman Park business complex might finally be redeveloped now that the owner has exited bankruptcy and demolition has started on its main building.
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Indianapolis apartment construction soars skyward
The downtown rental market is booming, but is a slowdown coming?
Alzheimer’s targeted in $45M government study grant
Part of the funding will go to an existing study of drugs from Eli Lilly and Co. and others to see whether they can ward off the disease in people who inherited genes that predestine them to get Alzheimer’s.
Stocks reach all-time highs after Fed delays bond tapering
Investors plowed money into stocks and bonds, with the S&P 500 and Dow Jones Industrial Average reaching record highs, after the Federal Reserve’s surprise decision to keep its economic stimulus in place.
State ISTEP scores inch higher despite testing problems
Hoosier students scored slightly higher on Indiana Statewide Testing for Educational Progress-Plus exams taken in the spring, despite computer problems that interrupted some of the exams.
Former IU hoops player acquitted
Devan Dumes, a former Indiana University basketball player, has been found not guilty in connection with the shooting of a drug dealer. Prosecutors charged Dumes with attempted murder and carjacking after a Jan. 11 incident in which Keith Jones was shot in the neck. Dumes’ lawyer countered that he acted in self-defense after Jones threatened him. Dumes starred at Decatur Central High School before going to IU.
Arby’s robbed at knifepoint
Two Arby’s employees said they were robbed by a man brandishing a butcher knife, about 10:45 p.m. Tuesday in Carmel. One employee told officers she was outside the fast-food restaurant in the 1200 block of Rangeline Road when a man with a bandana over his face grabbed her and forced her back inside. He took money from a safe and sped off in a stolen 2010 Honda Civic that was recovered nearby.
Man critical after hit-and-run
A 59-year-old Indianapolis man was in critical condition following a hit-and-run incident Tuesday afternoon on the city’s near-north side. Michael Robertson was walking along the 1700 block of Sheldon Street when he was struck by a 1998 green Chevrolet Malibu containing two women. Witnesses said the driver was trying to hit another vehicle driven by a co-worker with a baseball bat right before she ran into Robertson. Police are seeking the car’s registered owner, Felicia Moss.
Lottery sales lag forecast under new manager
The Hoosier Lottery is running about 17 percent behind projections for surplus revenue in July and August under manager Gtech Indiana, a subsidiary of a firm that also has missed its forecasts for the Illinois lottery.
Duke Energy stops insuring retirees, joining trend
The country's largest electric company last week began notifying about 14,500 retirees of Duke Energy and predecessors or subsidiaries in North Carolina, South Carolina, Florida, Ohio, Indiana and Kentucky.
Indianapolis-area homebuilding filings rise 13 percent
Single-family-building permit filings in the nine-county area saw their 14th straight month of year-over-year increases in August, the Builders Association of Greater Indianapolis announced Wednesday.
Biofuels firm’s fraud cheated victims of $100M, feds say
Federal prosecutors announced charges Wednesday related to an investigation of E-biofuels LLC in Henry County, alleged to be the largest instance of tax and securities fraud in state history.
Luck good bet as corporate pitchman, but no sure thing
Only 36 percent of American consumers know who Indianapolis Colts quarterback Andrew Luck is. That pales in comparison to the 83 percent that know Peyton Manning.
Car lot to anchor 52-acre Noblesville development
Auto dealer Terry Lee wants to build a Hyundai dealership on eight acres of flood-prone property at a key intersection in Noblesville as part of a larger project. How will the city help?
Former IPS chief White takes reins at Martin University
Eugene White will assume the post of interim president after the departure of George Miller, who left just 18 months after accepting the top job.
West Clay commercial building set for sheriff’s sale
The 24,400-square-foot building was owned by CFS Inc., a Carmel company accused by the Indiana Secretary of State’s securities division of misappropriating the funds of elderly clients who bought ownership interests in rental properties.
Slower holiday sales growth predicted for 2013
Holiday shopping is likely to be hurt by the lackluster economy. In addition, there’s a shorter shopping window between Black Friday and Christmas. Last year, there were 32 days during the period and this year there are 25.
Recycled paper mill plans 137 jobs in Indiana
The Indiana Economic Development Corp. said Tuesday that Pratt Industries will invest $260 million to build the recycling plant next to its existing box-making plant in Valparaiso.
City set to end tax break for tech staffing firm
Indianapolis-based technology staffing company BCForward won’t fight a Department of Metropolitan Development move to discontinue tax breaks for the firm’s Market Street headquarters.
Ex-IU player goes on trial
Former Indiana University basketball player Devan Dumes is facing attempted murder charges in an Indianapolis courtroom. Dumes is charged with shooting Keith Jones in January. The trial began Monday with his attorney saying the 25-year-old was defending himself when he shot a drug dealer who wanted him to deliver cocaine to pay off a $225 debt. Jones, who spent two weeks in intensive care after the shooting, testified Monday that Dumes shot him while stealing his Chevrolet Camaro.