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Gasoline nears $4 in much of state

Gasoline prices are at nearly $4 a gallon in many metropolitan areas in Indiana, with a high of $4.07 a gallon in Gary. AAA said Indiana’s average for a gallon of regular unleaded was $3.95 a gallon Monday, up 19 cents in a week. The average cost for a gallon of gas was $3.99 in South Bend and Bloomington, $3.98 in Indianapolis and Fort Wayne, and $3.97 in Terre Haute. AAA reports gasoline-supply problems should ease over the next month as some refinery maintenance ends.
 

Garage fire knocks out power

A garage fire early Tuesday morning on the south side of the city damaged an electrical transformer, knocking out power to about 45 Indianapolis Power & Light customers. Fire crews had to avoid downed power lines when they battled the fire in the 3700 block of South Randolph Street about 4:40 a.m. No injuries were reported.
 

Woman injured after crashing into building

 A woman was seriously hurt after crashing her car into a building in Speedway about 9:30 a.m. Tuesday. The woman drove her blue Mercedes into Appearances Styling Salon near 16th Street and Lynhurst Drive. She was trapped in the vehicle for about 25 minutes until firefighters freed her. Police weren't sure what led to the crash.

Roundup: Bagger Dave’s expanding area presence

Bagger Dave’s leads the Retail Roundup, with plans to open a restaurant in Avon next month and another in Greenwood in October. The Michigan-based chain’s lone location is on Indianapolis’ northwest side.

Former Q-95 executive lands gig in Chicago

Marty Bender, who spent more than 20 years guiding local classic-rock radio powerhouse WFBQ-FM 94.7 as program director before his abrupt firing in 2010, has been hired as at WILV Chicago.

Marian has waiting list for very first medical class

Marian University in Indianapolis has announced it has reached its self-imposed limit of 162 students for the incoming class of its new college of osteopathic medicine. It will be the first medical school to open in Indiana in more than 100 years.

IEDC rolling out $1M diversity investment fund

Fund managers will seek to invest in companies owned by minorities, women and veterans that have sustainable competitive advantages, scalable business models and the potential for meaningful job creation.

Carmel council clashes over support of Midtown project

The Carmel City Council will not support Pedcor Cos.’ application for a state tax credit to help pay for a $100 million redevelopment project—a contentious decision Mayor Jim Brainard called “unusual and illogical.”

Buckingham set to redevelop Carmel shopping center

The Carmel Marketplace on East Carmel Drive is directly south of the Mohawk Hills apartment complex, which Buckingham hopes to start redeveloping as part of its long-awaited Gramercy project late this year.

Indiana Blood Center cuts staff, scales back work

The not-for-profit blood center announced Monday that demand from hospitals has fallen 24 percent over the past year, forcing it to take steps that also include freezing management salaries, eliminating 45 positions and discontinuing a therapeutic phlebotomy program.

Simon to buy $569M stake in European mall operator

Simon will gain an ownership stake in six McArthurGlen properties in Austria, the Netherlands, Italy and the United Kingdom, and become a partner in the London-based firm’s real estate management and development business.