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Lender takes action on Renaissance Bay project

December 29, 2010

An incomplete $150 million development that was supposed to feature 305 luxury condominiums along a 25-acre lake on the north side of Indianapolis has been placed in receivership.

State awards $70M contract for Interstate 69 project

December 29, 2010

Indiana Department of Transportation spokeswoman Cher Goodwin says that with the new contract, the state has so far awarded eight contracts for building about 45 miles of the new $3 billion, 142-mile highway between Indianapolis and Evansville.

Indiana prisons chief heading to Florida

December 29, 2010

Florida Gov.-elect Rick Scott, who takes office on Jan. 4, on Tuesday named Indiana corrections chief Ed Buss to run Florida’s massive prison system.

Indiana-based mutual funds stage comeback

December 28, 2010

Funds ride resurgent market after taking a beating in the financial crisis.

Mayoral contender Kennedy to leave day job

December 28, 2010

Democratic mayoral candidate Melina Kennedy will leave her attorney job at law firm Baker and Daniels on Friday to begin campaigning full-time next month.

Emmis pitching in on breach-of-contract lawsuit

December 28, 2010

Emmis Communications Corp. will contribute $200,000 toward legal fees in a lawsuit that company founder Jeff Smulyan’s JS Acquisition LLC filed over its failed effort to take the Indianapolis-based media company private.

State GOP leaders weigh banning required union dues

December 28, 2010

Bills filed in the Indiana House would ban workers from being required to pay union dues.

Woman hospitalized after stabbing

December 28, 2010

A woman was stabbed four times in an east-side Indianapolis home early Tuesday morning by a man she fought with earlier in a bar, police say. She was taken to Wishard Hospital to be treated for her injuries. According to police, the victim was threatened by a 24-year-old man named Aaron at the Blind Pig tavern and restaurant in Greenwood. Later, about 3:15 a.m., the suspect showed up at the victim’s home, broke down her door and attacked her while she was in bed with her mother and a young child. The suspect left the scene in a green Cadillac Escalade.

Apartment blaze considered suspicious

December 28, 2010

An apartment blaze that started early Tuesday is being considered suspicious by Indianapolis Fire Department investigators. The fire started about 4:15 a.m. at The Orleans apartment complex at 255 N. Shortridge Road on the east side. No one was hurt, but the fire did $10,000 in damage.

Gas prices climb again

December 28, 2010

Prices at Indianapolis-area gas stations are up again, hitting an average of $3.17 a gallon for regular unleaded, according to Indygasprices.com, with a high of $3.20 and a low of $2.89. Prices in Indianapolis averaged $2.60 a gallon a year ago, according to Gasbuddy.com.

Post office issuing Indianapolis 500 anniversary stamp

December 28, 2010

Ray Harroun, winner of the 1911 Indianapolis 500, will be featured on a U.S. postage stamp this year to commemorate 100 years of racing at the famed Brickyard.

Water employee: Veolia falsified records to get bonuses

December 28, 2010

Testimony is part of effort to deny Veolia Water $29 million contract termination fee as part of utility sale. Group claims salaried employees owed millions of dollars.

Hoosier Park parent set to emerge from bankruptcy

December 28, 2010

Hoosier Park Racing & Casino’s parent company could emerge from bankruptcy early next year if creditors approve a reorganization plan that’s set for a court hearing in Delaware on Feb. 1.

Many big companies are hiring, just not in the United States

December 28, 2010

American companies have created 1.4 million jobs overseas this year, compared with less than 1 million in the U.S.

Baby boomers near 65 with retirements in jeopardy

December 28, 2010

Starting in January, more than 10,000 baby boomers a day will turn 65, but many are facing a personal finance disaster just as they’re hoping to retire.

Rolls-Royce scores $49M military contract

December 28, 2010

Rolls-Royce Corp.’s Indianapolis operation is finishing the year out the way it started—racking up lucrative military deals.

Santa feeling stays with shoppers after Christmas

December 28, 2010

People hit the stores after Christmas to buy, indulging the rediscovered retail appetite that may have made 2010’s holiday shopping season the biggest ever.

Art museum closing design-centered gift shop

December 27, 2010

The Indianapolis Museum of Art will close its design-centered gift shop next year to make way for a display about the Miller house and gardens in Columbus, Ind.

Lawmakers seek to fix state’s unemployment fund

December 27, 2010

Indiana businesses and the unemployed are both worried about changes that legislators could make to the state's insolvent unemployment insurance program during the upcoming General Assembly.

‘Grandma’ found dead in burning home

December 27, 2010

A Sunday afternoon fire claimed the life of an 88-year-old woman living in a home in the 5400 block of Southport Road, fire officials said. Crews saw heavy smoke coming from the home when they arrived shortly after 3:30 p.m. Upon entering the house, they found resident Dorothy Wright’s body. Decatur Township fire officials say a family member visiting from Illinois called for help after pulling up to find smoke and flames pouring from the home. Neighbors tell Fox59 that Wright—whom they came to know as “Grandma”—was well-liked. She had lived in the home about 65 years.

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