Articles

Browning ordered to testify over Duke Energy CEO’s ouster

Indianapolis real estate developer and Duke Energy Corp. director Michael Browning has been ordered to appear Friday before the North Carolina Utilities Commission, which is investigating the unexpected ouster of the utility’s new CEO just hours after the company merged with Progress Energy Inc.

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Area home-sale agreements show June increase

Home-sale agreements in the nine-county Indianapolis area were up nearly 5 percent in June compared to a year ago, the F.C. Tucker Co. announced Monday afternoon. Year-to-date sales contracts through the first six months are up 13.4 percent.

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Finish Line’s high-tech store prototype still has kinks

A prototype store launched by athletic shoe and apparel retailer The Finish Line Inc. on May 25 aims to use technology to marry brick-and-mortar to the company’s online operation. But interactive tablets that are a centerpiece of the so-called omnichannel strategy are not yet up and running.

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More U.S., Indiana homes facing foreclosure risk

More than 1 million properties experienced foreclosure filings in the first half of 2012. Twenty states saw a first-half rise in foreclosure activity from the same time a year ago. Indiana had the biggest rise on a percentage basis, with a 32-percent increase in foreclosure activity.

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Massive unused Tipton plant goes back on the market

The never-occupied 781,500-square-foot facility is on the market for $39.5 million, a steep discount from the original cost of roughly $100 million. The plant was built to manufacture auto transmissions. A plan to make solar panels at the site also collapsed.

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