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IU success spurs Big Ten tourney ticket sales

Officials are confident attendance at the Big Ten men’s basketball tourney will top last year’s total of more than 86,000 and could surpass 90,000 for the first time since 2006.

ExactTarget looks to raise $145 million with IPO

Indianapolis-based ExactTarget Inc., which announced an initial public offering in November, said it is seeking to raise as much as $145 million. The company is offering 8.5 million shares for $15 to $17 apiece, according to a regulatory filing made Wednesday.

Simon Property Group goes on $3.5B mall spending spree

The Indianapolis mall owner is expanding its global profile, agreeing to buy a controlling stake in a French firm with a 271-property European portfolio. Simon also is buying out a partner in its Mills portfolio closer to home.

Still no decisions on Indiana smoking, police-entry bills

Legislators finished work Wednesday without an agreement yet on just how comprehensive a statewide smoking ban they might adopt and without the support of a major police group for a proposal laying out when residents might be legally justified in using force against police officers.

Carbon Motors says DOE won’t give it $310M loan

Carbon Motors Corp., which hoped to create hundreds of jobs and thousands of high-tech, fuel-efficient police cars in Indiana, said the U.S. Department of Energy is not going to give the company a critical $310 million loan.

Air Force proposes cutting 152 jobs in Fort Wayne

The Air Force is proposing to eliminate 152 jobs at the Indiana Air National Guard base in Fort Wayne as part of its plan to replace A-10 fighter jets there with reconnaissance aircraft.

Utility says water odor should subside

Citizens Water customers who noticed a chlorine odor to their tap water should begin seeing improvement, the utility said Tuesday. Customers have complained of the odor since January. Citizens said it has changed the type of chlorine it uses to disinfect the water. It might take a few days for some customers to notice the difference, Citizens said.

Councilman caught by fake hooker

A Beech Grove councilman was arrested for allegedly trying to solicit a prostitute Tuesday morning. Paul David Mobley, 63, was charged with patronizing a prostitute, a misdemeanor. According to police, Mobley approached an undercover female officer in the 3000 block of East Washington Street and agreed to pay $20 for oral sex. The undercover officer said she told Mobley to meet him behind a building, but Mobley changed his mind and drove off. Police stopped Mobley, who said he “just had a moment of weakness.” Beech Grove Mayor Dennis Buckley said he sent Mobley a letter asking him to resign. Mobley was elected on Jan. 1 as an at-large councilman.

Pedestrian killed on east side

One pedestrian was killed and another was injured Tuesday night in an accident on the far-east side of Indianapolis. A 49-year-old woman was killed by an eastbound Mercedes Benz in the 7200 block of East Washington Street at about 8:15 p.m. A 50-year-old man she was walking with suffered minor injuries to his leg. Investigators don't believe alcohol was a factor.

Battle for students raises financial concern for turnaround schools

Just 62 percent of the students at four IPS schools being taken over by turnaround operators have chosen to remain at the schools, a situation that could shrink funding. The operators say the district has stymied their ability to inform students and their parents about their plans.

Local businesses open wallets for tornado relief

Spurred by fundraising campaigns by local television stations, more than $1 million has been raised to help victims of last week’s devastating tornadoes in southern Indiana. In addition to doing a good thing, the stations are getting a marketing boost from their efforts.

Anderson eyes improvements to I-69 corridors

Improvements to two major corridors from Interstate 69 to downtown Anderson, reconfigurations of complicated interchanges, and changing one-way streets to two-way streets are among Mayor Kevin Smith's goals.