Meijer to invest $400M in new, remodeled stores this year
Midwest retailer Meijer plans to open nine new stores this year, including one in Indianapolis. It also plans to remodel numerous stores.
Associated Press and IBJ Staff
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UPDATE: Proposal to raise payday lending rates fails
The proposed amendment would have made it legal for payday companies to offer six-month loans of up to $1,000 at an annual interest rate of 180 percent.
Supreme Court puts Obama’s Clean Power Plan on hold
The surprising move is a blow to the administration and a victory for the coalition of 27 mostly Republican-led states, including Indiana, and industry opponents that call the regulations “an unprecedented power grab.”
Allison tops expectations despite drop in profit, revenue
The Indianapolis-based manufacturer realized earnings of $13 million in the fourth quarter, down from $50.5 million in the fourth quarter of 2014.
Interactive posts loss, but rakes in record revenue
Interactive Intelligence Group Inc. on Monday reported a loss of $3.5 million in the fourth quarter, but the financial results topped the expectations of analysts.
Indiana’s unemployment rate holds steady
Indiana’s unemployment rate fell from 5.9 percent in December 2014 to 4.4 percent over the past year, the state Department of Workforce Development said Tuesday.
U.S. home purchases rebound as 2015 sales reach 9-year high
Steady job growth and low mortgages drew more buyers into the market, causing both sales and prices to climb steadily.
Max & Erma’s closures include one local restaurant
Restaurant chain Max & Erma's has closed 13 Midwest locations, including one in the Indianapolis area, in an effort to streamline operations and deal with underperforming outlets.
Duke Energy reports increase in billing scams
The utility says that customers are being threatened with having their power cut off unless a quick payment is made.
Ringleader in $90M fuel scam sentenced to 20 years
A New Jersey man pleaded guilty to running a massive scheme involving biofuels and tax credits out of a small town east of Indianapolis.
Legislative leaders back money for third Regional Cities grant
Republicans who control the Indiana Senate are supporting a request from Gov. Mike Pence for an extra $42 million toward the new state grant program. And House Speaker Brian Bosma says it will likely pass.
Veteran state senator Rogers announces retirement
Sen. Earline Rogers, D-Gary, announced Tuesday that she has decided to retire after serving 26 years in the state Senate and eight years in the House.
Archaeological finds boost transit center costs, delay opening
Construction work on the IndyGo transit center, which is expected to become a hub for most of Indianapolis’ bus lines, has been delayed by seven months. The project’s estimated cost has risen from $20 million to $26.5 million.
Chipotle tweaking cooking methods in wake of outbreaks
The fast-but-fresh restaurant chain plans to change the way it handles its meats, vegetables and cheese to combat a hit to its image from incidences of foodborne illness.
U.S. existing home sales tank in November
The introduction of a new disclosure form in October likely prevented many homebuyers from closing on sales in November. Home values are also rising at more than double the pace of wages.
Governor backing Ellspermann for Ivy Tech presidency
The lieutenant governor says she's been approached about becoming president of Ivy Tech Community College, and Gov. Mike Pence's spokesman says Pence has encouraged her to seek the job.
Battle looms over restriction on cold medicine used for meth
Indiana lawmakers have yet to gather for the 2016 legislative session, but a fight is shaping up over a proposed law that would require a prescription to buy a common cold medicine also used to make methamphetamine.
Plainfield shopping center closes early after online threat
The Shops at Perry Crossing in Plainfield was evacuated Friday night after bomb threats were posted on Facebook targeting the mall and its JC Penney store, police said.
Church group brings Syrian family to Indiana over Pence wish
The Roman Catholic Archdiocese of Indianapolis says it has brought a Syrian refugee family into the state despite Indiana Gov. Mike Pence's request that it not do so.
Monarch keeps up fight to overturn state alcohol sales law
The largest beer and wine wholesaler in Indiana is asking a state appeals court to find a law unconstitutional that prohibits beer wholesalers from seeking a permit to also distribute liquor.