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.
Associated Press and IBJ Staff
Articles
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.
Pence faces ACLU lawsuit for blocking Syrian refugees
The suit filed on behalf of the Indianapolis-based not-for-profit Exodus Refugee Immigration accuses Pence of violating the Equal Protection Clause of the Constitution and Title VI of the Civil Rights Act.
NCAA moving March Madness selection meeting from Indy to NYC
Next March's move from Indianapolis is intended to raise the profile of the session with more media exposure for the selection process.
Anderson store on Target’s national closure list
Target Corp. plans to close 13 stores nationwide, including one in Anderson, the retailer announced Wednesday.
Celadon’s quarterly results beat Wall Street expectations
Indianapolis-based trucking company Celadon Group Inc. topped Wall Street expectations with big increases in quarterly revenue and profit.
CNO Financial reports lower earnings, revenue
Adjusted earnings of 34 cents per share missed the expectations of analysts who follow the Carmel-based insurance holding company.
Pence decides to pay off federal unemployment loan
Indiana businesses will save $327 million next year by paying off a federal loan that propped up the unemployment program during the Great Recession.
UPDATE: UAW passes new labor contract with Fiat Chrysler
Workers overwhelmingly approved a new four-year contract in voting that ended Wednesday night. UAW represents more than 7,000 Fiat Chrysler workers in central Indiana.
State jobless rate continues slide, hitting 4.5 percent
Indiana’s unemployment rate dropped to its lowest point in eight years in September as the private sector added 6,600 jobs.
Pacers exec Morris to receive Daniels leadership prize
James Morris, vice chairman of Pacers Sports & Entertainment, has been chosen for the biennial prize. As part of the honor, he will recommend a recipient for a $100,000 grant.
Growth allows Oliver Winery to invest in big equipment
This year’s grape harvest—a process which typically runs from the end of August to the second week of October—promises to be a bit less anxiety-inducing thanks to a decision that has been slowly processing over the past five years.
IU to receive up to $46M for effort to boost patient care
The university will lead a consortium of eight institutions that will use the money to create a system of coaches embedded in medical practices.
Federal suit: College prep firm insolvent, owes millions
A credit union that holds loans on thousands of prospective college students is suing an Indianapolis-based college-test-preparation company, alleging that it owes it more than $12 million.
Railway shipper to cut 193 jobs in Indiana by end of year
Norfolk Southern Corp. has announced plans to cut the jobs by the end of the year at its Triple Crown Services subsidiary in Fort Wayne.
Raided nursing home company says it’s cooperating in probe
Indianapolis-based American Senior Communities, which was raided by federal agents Tuesday, said it will fully comply with a government investigation.