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State’s unemployment rate declines to 9.5 percent
The decline marks the third straight month that Indiana’s unemployment rate has fallen, but private-sector jobs actually dropped in December.
Historic Chadwick building coming down after fire
Workers are tearing down what’s left of an historic downtown apartment building after a two-alarm fire this morning.
Poll shows rising optimism; will profits follow?
Americans turned optimistic almost overnight, a new, expansive survey shows.
Brenwick turns over commercial sales, leasing at Village of West Clay
Ambrose Property Group, a commercial leasing and development company headed by former Duke Realty Corp. broker Aasif Bade, took over for Brenwick, which is primarily a residential developer, at the beginning of the year.
Auction of superhero memorabilia nets $70,000
The mementos were owned by Fishers collector Dane Nash, who operated the American Super Heroes Museum downtown.
Head of Lilly’s oncology unit resigning
John H. Johnson has been hired as CEO by East Brunswick, N.J.-based biotechnology company Savient Pharmaceuticals Inc.
Steel Dynamics profit drops, but outlook brightens
Fort Wayne-based Steel Dynamics' fourth-quarter profit tumbled 71 percent, but shares rose Monday after the company predicted that the economic recovery would fuel greater industrial demand.
Arizona-style immigration bill slated for hearing
The proposal from Sen. Mike Delph of Carmel would require police to ask for proof of citizenship or immigration status if they had a reasonable suspicion that a person is illegally in the country.
Remy International considering stock offering, CEO says
Pendleton-based Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, is considering a public offering of its stock this year, CEO John Weber says.
State lawmakers to take on unemployment insurance
Businesses with a history of laying off employees would pay more in unemployment insurance costs, and workers in industries where layoffs occur regularly would receive lower benefits under a bill Indiana lawmakers are preparing to take up.
St. Louis firm pursuing local retail, industrial properties
Bianco Properties has purchased its fourth Indianapolis property in less than five years and is pursuing more deals here.
State House exempts bars from smoking ban bill
Casinos were already exempt from the proposal, but on Monday the House voted 56-33 to also exempt bars that don't allow anyone under age 21 to enter.
Construction
-Charles C. Brandt Construction Co. recently completed a 3,000-square-foot office expansion for Commonwealth Engineers Inc. at 7256 Company Drive.
-Kort Builders has started construction of a 1,600-square-foot retail space for Diva Nails at 11434 Olio Road, Fishers.
-Kort Builders has started construction of a 2,060-square-foot restaurant space for Boondogglers Restaurant at 65 Boone Village, Zionsville.
Residential
On a seasonally adjusted basis, the pace of mortgage loan activity increased 5 percent for the week ended Jan. 14, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.77 percent from 4.78 percent the previous week. The rate for 15-year mortgages increased to 4.16 percent from 4.15 percent.