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ITT suffers tough quarter on enrollment drop, loan losses

ITT Educational Services Inc. shares swooned Thursday morning after the private educator reported sinking revenue and a $9.5 million loss in the fourth quarter. But the stock rebounded strongly later Thursday.

Lawmakers press Pence aide on school dollars

The Pence budget calls for roughly $6.4 billion in education spending in each of the next two years, with another $64 million for high-performing schools beginning the summer of 2014, at the start of the 2015 budget year.

Bill aimed at boosting Indiana casinos advances

The Senate Public Policy Committee voted 9-0 in support of a bill that would overhaul the state's casino taxes, along with allowing Indiana's 10 riverboat casinos to move inland to adjacent property and permit live table games at the two horse track casinos.

Unions suffer sharp decline in membership

Union membership plummeted last year to the lowest level since the 1930s. In Indiana, where a new right-to-work law took effect last March, the state lost about 56,000 union members.

Body found on northwest side

Indianapolis police officers discovered a dead body about 4:45 a.m. Wednesday after being called to a home in the 4500 block of Golden Meadow Court on the northwest side of the city. Police are withholding the identity of the deceased and cause of death in the early stages of their investigation.
 

Train derails on west side of city

A train derailed near Rockville and Girls School roads early Wednesday morning, sending about 18 cars off the tracks. Emergency officials said all of the cars remained upright and no chemicals or dangerous materials leaked from the train. No crossings were blocked and nobody was injured.
 

Flu claims 40th victim in Indiana

Five people have died from the flu in Marion County over the past week, health officials said Wednesday, bringing the total death toll in the state this season to 40. The Indiana State Department of Health said 38 of the victims had underlying medical conditions such as heart disease, diabetes, asthma or renal disease. Thirty-three of the individuals were older than 65 and two were younger than 18.
 

Indiana bill to overturn school standards delayed

The chairman of the Indiana Senate's Education Committee says he's working on a compromise to a bill that would pull the state from the Common Core State Standards national education initiative.

Lampoon paid for Durham’s defense, trustee alleges

Fair Finance bankruptcy trustee Brian Bash, charged with recovering funds for Fair investors, alleges in a court filing that National Lampoon funded convicted Ponzi schemer Tim Durham’s defense. Durham is a former CEO of the film company.

Local leaders letting glow from 2012 Super Bowl fade

Though Allison Melangton has been tagged to lead the effort to bring the Super Bowl back to Indianapolis in 2018, she has no plans to take a page—or even a paragraph—from the 2012 bid.

Marion County assessor bracing for more tax appeals

Marion County property-tax appeals from the 2012 assessment are due Monday and will add to a backlog of roughly 27,000 existing appeals from previous years that the office is continuing to wade through.

Verge on verge of growing up

With more than 2,000 members attending monthly events organized by chapters in Indianapolis, Bloomington and West Lafayette, tech entrepreneurship group Verge is poised to expand, outgoing executive director Matt Hunckler says.