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Remy International stock hits 52-week high

Shares of Pendleton-based Remy International Inc. closed at a 52-week high Tuesday, a day after the manufacturer announced declining sales and earnings in the second quarter.

Electric kart racing operator speeding into Noblesville

California-based K1 Speed Inc. hopes to open a high-tech electric kart-racing center in Noblesville in late September. But first, it needs the city’s permission to locate an indoor recreation business in the Saxony Corporate Campus near I-69.

Indiana testing vendor having troubles in Oklahoma, too

CTB/McGraw-Hill, the second-largest educational testing service in the U.S., has apologized for computer issues that disrupted thousands of students’ online tests in Oklahoma and Indiana in late April.

DePauw repeats as party school

The Princeton Review has released its annual list of top party schools, and DePauw University again finds itself in the top 20. The Greencastle school landed at No. 13 after ranking 12th last year. DePauw was the only university in Indiana on the list. The University of Iowa ranked No. 1. DePauw spokesman Ken Owen said the ranking is "both absurd and disappointing."
 

Stewart breaks leg in crash

Three-time NASCAR champion and Indiana native Tony Stewart is recovering in an Iowa hospital after breaking his leg. Stewart, 42, was competing in a sprint car race Monday night at the Southern Iowa Speedway in Oskaloosa when he crashed. He suffered a broken right tibia and fibula, and underwent surgery. Stewart will miss this week’s NASCAR Sprint Cup race at Watkins Glen, N.Y., where he has won five times.
 

Indy cop charged with drunken driving

An Indianapolis police officer was arrested early Tuesday morning on a drunken-driving charge. Morgan County police say Kevin Brown, 41, was pulled over in Mooresville about 5:30 a.m. His blood-alcohol level tested at 0.10. Brown was released about four hours later after posting bail.
 

Carmel council releases (most) arts grants

Finally satisfied that Carmel will end the year in the black, its City Council on Monday released more than $500,000 in arts funding that’s been on hold since April. But an increasingly hawkish majority held back another $200,000 earmarked for the Civic Theatre.

Carmel council axes funding for redevelopment commission boss

Carmel City Council members exerted their influence over redevelopment commission expenses Monday, denying a $60,000 contract extension for longtime Executive Director Les Olds despite Mayor Jim Brainard’s pleas to keep him on the job.