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Rolland given 2012 Sachem Award
Indiana Gov. Mitch Daniels on Wednesday presented civic leader and former Lincoln National Corp. Chairman Ian Rolland of Fort Wayne with the 2012 Sachem Award, the state's highest honor. Daniels said Rolland has led "the sort of life you'd like your kids to emulate. He has constantly searched for the right thing to do and then done it." The Sachem is given annually to recognize a lifetime of excellence and moral virtue that has brought credit and honor to Indiana. Previous recipients include John Wooden and philanthropist Bill Cook.
Lightning strike causes Carmel fire
A multimillion-dollar home in Carmel caught fire after lightning struck Wednesday night. Eight fire trucks were called to the home in the Laurelwood neighborhood near 106th Street and Ditch Road at about 7:30 p.m. The homeowners were able to escape but the home sustained significant damage.
Convicted coach to be released
A former Lawrence North High School swim coach who was sentenced to eight years in prison for molesting a 14-year-old female swimmer is expected to be released next week after serving less than two years of his sentence. In 2011, Chris Wheat was convicted of two counts of sexual misconduct. Wheat had four years shaved from his sentence for good behavior and another year wiped away after he earned an associate’s degree. An additional 489 days were credited when he completed a bachelor’s degree. The victim’s father, a legislator and the prosecutor’s office are trying to see if more can be done to keep Wheat behind bars.
Emmis inks two deals for $92.5 million infusion
The news sent Emmis stock soaring 21.5 percent Thursday morning, to $1.05 cents per share. It's the first time Emmis shares have traded above $1 since July.
Royal Spa owner accused of sexual harassment
A sexual harassment lawsuit filed by a former executive of Royal Spa Corp. reads like a pornographic novel, filled with salacious charges that a co-owner of the company wrongfully fired him after becoming heavily involved in the plaintiff's swinging lifestyle.
Death of coach doesn’t quiet echoes of his call
Thomas Jefferson Hathaway told everyday people—lawyers and nurses, wrench turners and paper pushers—“you are athletes,” and so they were.
Mourdock will keep energy stocks if elected to Senate
Indiana Treasurer Richard Mourdock, who is challenging Republican Sen. Richard Lugar in the May 8 primary, held six different energy-related stocks last year, according to his most recent filing with the state.
Indianapolis lands nonstop air service to Myrtle Beach
Indianapolis International Airport has landed seasonal, nonstop service to Myrtle Beach, S.C., starting May 31. Vision Airlines said Thursday that it will fly the route using Boeing 737s through Oct. 31.
Interactive Intelligence shares fall on smaller profit
Shares of Interactive Intelligence fell as much 10 percent in early trading Thursday after the Indianapolis-based software maker reported lower earnings.
Duke Realty’s quarterly results in line with expectations
Indianapolis-based Duke Realty Corp.’s financial performance in the first quarter met analyst expectations even though the company suffered a $36 million loss and saw revenue decline by $65 million.
Profit plummets at ITT Educational, but tops analyst expectations
First-quarter profit and revenue plunged at Carmel-based ITT Educational Services Inc. as enrollment of new students declined for the seventh straight quarter.
Dow Agro sales surge on healthy ag market
Sales at Indianapolis-based Dow AgroSciences grew 14 percent in the first quarter, to $1.8 billion, helped by an early planting season in North America and a buoyant agricultural market.
Republic reports smaller loss on higher revenue
Republic Airways Holdings Inc. on Wednesday reported higher revenue and a smaller loss in the first quarter compared to the same period a year ago.
WellPoint sees $100 billion ‘duals’ market as care shifts
Indianapolis-based WellPoint Inc. sees a $100 billion market in the states it serves to provide managed care for poor, elderly patients in the Medicare and Medicaid programs.
Candidate Gregg proposes lifting state’s gas tax
Democratic gubernatorial hopeful John Gregg's first bite of Hoosier populism is likely to run up against some hard economic realism: $540 million is a lot of money to account for.
IUPUI Honors College goes from dreary to dazzling
Renovation of library space creates academic attraction.
Indianapolis expects savings from sweeping energy project
The city is guaranteed $7.5 million in savings over 15 years from a $18 million upgrade of city facilities, and the savings are expected to accumulate further.