Senate OKs Indianapolis Motor Speedway funding plan
A plan providing up to $100 million in state funding toward improvements at the Indianapolis Motor Speedway has won approval from the Indiana Senate.
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High court seems to favor Monsanto in patent case
The U.S. Supreme Court appeared likely Tuesday to side with Monsanto Co. in its claim that an Indiana farmer violated the company's patents on soybean seeds that are resistant to its weed-killer.
One injured in apartment fire
A person was critically injured in an apartment fire on the city’s west side late Monday. The blaze broke out about 10 p.m. in the 3000 block of Watergate Road, near 34th Street and Moller Road. Investigators say the fire started as a result of unattended cooking. Nine residents in neighboring apartments escaped without injury. The victim suffered severe smoke inhalation.
Police probe likely shooting death
Indianapolis police are investigating a likely shooting death on the city’s east side. A body of an unidentified female with an apparent gunshot wound was found about 4:30 a.m. Tuesday in the 2800 block of North Hawthorne Lane. Police received a call about gunshots being fired in the area about an hour before they discovered the body, but the caller hung up before providing much information.
Ambulances line up to honor fallen medic
Ambulances and emergency vehicles lined up Tuesday morning for a funeral procession honoring Timothy McCormick, one of the two Indianapolis medics who died over the weekend in a crash involving their ambulance. McCormick, 24, and Cody Medley, 22, were killed after a car ran a flashing red light and collided with their vehicle on Saturday, investigators said. A private funeral for Medley is set for Friday. A public memorial service for both victims is scheduled for 10 a.m. Wednesday at Butler University’s Clowes Memorial Hall.
First Internet plans 48 jobs in $4.3M Fishers office
The $4.3 million expansion will go toward purchasing and refurbishing a building near Interstate 69 and 116th Street that formerly housed the St. Vincent Health medical center.
Allison Transmission cuts 2013 sales outlook
Allison Transmission Inc. predicted 2013 sales declines after it closed 2012 with an inflated $514.2 million annual profit and a massive slide in sales for a key market during the fourth quarter.
Remy International reports $138M annual profit
A one-time tax benefit more than doubled Remy International Inc.’s annual profit to $138.6 million, the Pendleton-based manufacturer reported late Monday.
NCAA fires VP of enforcement after botched Miami investigation
An internal report found the NCAA violated its own practices and policies by paying the attorney for convicted Ponzi-schemer Nevin Shapiro thousands of dollars to help with the Miami case.
Indiana panel advances $30B budget on partisan vote
A pair of Republican senators argued Tuesday for the personal income tax cut that Indiana Gov. Mike Pence has made his top priority, while House Republicans across the hall advanced a budget that swaps that cut for education and roads spending.
Lilly’s Alzheimer’s effort may gain from brain-mapping plan
Roche AG and Eli Lilly and Co., two drugmakers racing to develop treatments for some of the least understood brain disorders, may gain the most from a U.S. government boost in funding to fully map the human brain.
High-stakes fight over soybeans at high court
The court case poses the question of an Indiana farmer’s actions violated the patent rights held by Monsanto, which developed seeds that survive when farmers spray their fields with Roundup weed-killer. The seeds dominate agriculture, including in Indiana, where more than 90 percent of soybeans are Roundup Ready.
Legislature backs delay for Indiana farmland tax hike
New calculations for property taxes on Indiana farmland would be delayed for a year under a proposal approved by the state Legislature.
REI, Chicago partner picked to build office building at IUPUI
The five-story, $22.9 million building would be constructed on university-owned land at the northeast corner of New York Street and University Boulevard.
Purdue hopes huge donation first of many under Daniels
Purdue University has high hopes that former Gov. Mitch Daniels’ new role as president and donation pitchman eventually will help double charitable contributions to the school.
Indiana school voucher expansion scaled back
The House Ways and Means Committee removed a provision that would have opened the voucher program to current private school students by not requiring them to first spend at least one year in public schools.
Residential
The average rate for 30-year mortgages rose from 3.76 percent to 3.79 percent in the week ended Feb. 13, according to Bankrate.com. The rate for 15-year mortgages rose from 3.00 percent to 3.02 percent.
Construction
-Kort Builders has completed a 3,120-square-foot retail space for Scrubs & Beyond at 6810 S. Emerson Drive.
-Kort Builders has completed the exterior and interior renovation of an 8,860-square-foot Cort Furniture at 4904 Century Plaza Road.
People
The local office of Jones Lang LaSalle has promoted John Robinson from executive vice president to managing director, Adam Broderick from vice president to senior vice president and Stacy Hofinger from senior associate to vice president.
IU docs in middle of Community-Wishard deal
The new partnership between Community Health Network and Wishard Health Services could put a third health care entity in an awkward position: the Indiana University School of Medicine. Virtually all of the nearly 1,100 physicians who practice at Wishard Memorial Hospital and its community clinics come from the IU medical school.