U.S. stocks mounted milestone-shattering run in 2017
The S&P 500 index finished the year with a gain of 19.4 percent, more than double its increase in 2016. The index notched 62 record highs this year.
Associated Press and IBJ Staff
Articles
Two ex-nursing home execs to plead guilty in kickback scheme
Former American Senior Communities CEO James Burkhart and former Chief Operating Officer Daniel Benson have agreed to plea deals in a kickback scheme involving millions of dollars.
Area residents rush to prepay property taxes to try to secure deduction
But it’s unclear whether some of the people prepaying will actually be able to claim the deduction, as the IRS has issued guidance that limits what qualifies.
Train museum revives Polar Bear Express on different set of tracks
The Noblesville-based Indiana Transportation Museum recently lost a court battle that would have allowed it to revive the annual Polar Bear Express from Fishers to Indianapolis. But the museum has found a new route for the holiday excursion.
Owner of Indy-area newspapers merging with broadcast firm
A media group that owns more than a dozen newspapers in Indiana—including publications in Zionsville, Avon, Lebanon and Anderson—has announced it is merging with a company with dozens of TV and radio stations.
Pence spokesman Lotter to leave the Trump administration
Vice President Mike Pence's press secretary is leaving the Trump administration to serve as an outside surrogate for the White House's political efforts.
Longtime Indianapolis TV news anchor Caldwell dies at 92
Howard Caldwell, a fixture on Indianapolis television news for more than 35 years, died Monday.
Gap to close some signature stores, open more Old Navy, Athleta locations
The company said Wednesday that it wants to shift focus to its growing brands Old Navy and Athleta while jettisoning hundreds of stores under the Gap and Banana Republic flags.
NBA fines Lakers $500,000 for tampering with Pacers’ George
The NBA is punishing the Los Angeles Lakers for violating the league’s anti-tampering rule by expressing interest in former Indiana Pacers star Paul George while he was under contract.
IUPUI gives hoops coach Gardner contract extension through 2020
Jason Gardner is 37-58 in three seasons at the school. But with the 1999 Indiana Mr. Basketball Award winner in charge, the Jaguars have improved their victory total each successive season.
Auto parts firm plans Fort Wayne expansion, adding 313 workers
Android Industries provides components for the nearby General Motors truck assembly plant.
Amazon plans warehouse on former Simon shopping mall site
E-commerce giant Amazon plans to build a massive warehouse outside Cleveland on the site of a closed shopping center that was once owned by Indianapolis-based Simon Property Group. The former mall was once billed as the world’s largest.
Indiana governor to lead trade mission to Japan
Tthe trip is intended to strengthen relationships and encourage continued investment and trade with the state's largest foreign investor.
English luggage firm to relocate U.S. headquarters to Greenwood
IT Luggage is investing nearly $1.8 million to purchase and renovate a 33,000-square-foot facility.
Cummins misses expectations with earnings despite big jump in revenue
Cummins Inc. missed Wall Street expectations with its bottom line, but raised its outlook for the full-year.
Security products maker Allegion reports rising profit, revenue
The Ireland-based parent of Schlage Lock Co. LLC and Von Duprin LLC has its Americas headquarters in Carmel.
Lawsuit settlement means more refunds for motorists
The Indiana Bureau of Motor Vehicles has agreed to repay motorists more than $62 million it collected in excessive fees to settle a class-action lawsuit.
Indiana health care providers indicted as part of national crackdown on fraud
An Indianapolis-area chiropractor is among more than a dozen people in Indiana-based investigations and hundreds of people nationwide charged in health care fraud and opioid scams worth $1.3 billion.
National children’s retailer closing five Indiana stores
Children's clothing retailer Gymboree Corp. is closing 350 stores—including multiple shops in Indiana—as its works to restructure in bankruptcy. The Indianapolis area did not avoid the closure list.
UPDATE: Pacers trade George to Oklahoma City; Oladipo will come to Indiana
Reports say the Pacers will get former IU star Victor Oladipo and forward Domantas Sabonis, who will be entering his second season, in exchange for Paul George.