Indiana OKs 26-percent Indianapolis water increase
Regulators have approved a 26-percent rate increase for Indianapolis water customers, the Indiana Utility Regulatory Commission announced Wednesday, less than the 33.4-percent increase requested.
IBJ Staff and Associated Press
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Area businessman considers run for governor
Jim Wallace of Fishers wrote in a letter to state and local GOP officials that his experiences in business and in public service have trained him for the challenges of leading Indiana.
Home building suffers another bad year, locally and nationally
Building permits filed for new homes in the nine-county Indianapolis area rose just 2.6 percent in 2010, to 3,720. That’s just 95 more homes than in 2009—the worst year for local home construction in more than a quarter century.
Indiana senator set to propose lower corporate tax
Republican Sen. Brandt Hershman of Lafayette, who chairs the Senate Tax Committee, says Indiana’s corporate income tax is seen as a hindrance to job creation.
Indiana businessman agrees to $3M fraud settlement
Indiana businessman Lowell Hancher has agreed to pay $3 million and never run a public company again to settle allegations by regulators that he carried out three separate fraud schemes over 5 years.
IUPUI’s Bantz passed over for UMass president’s job
The University of Massachusetts Board of Trustees on Thursday tapped Robert Caret to lead the the five-campus UMass system, choosing him over IUPUI Chancellor Charles Bantz and Philip Clay, chancellor of the Massachusetts Institute of Technology.
HHGregg shares slide on lower earnings outlook
The Indianapolis-based appliance and electronics retailer attributed its lower outlook to weak demand for new video technology products. Sales of LED and 3-D televisions were less than expected while sales of lower-priced TVs were higher than anticipated.
Embattled prosecutor Brizzi plans new business
Marion County Prosecutor Carl Brizzi said he plans a new business in reputation management. He will also work as an attorney from offices in Hamilton County and Indianapolis.
Software firm Aprimo to be sold for $525M
Indianapolis-based marketing software maker Aprimo Inc. will be sold to an Ohio data-storage company for $525 million, Teradata Corp. said Wednesday. Aprimo, led by co-founder Bill Godfrey, pulled plans to go public two years ago.
Credit card processor plans Jeffersonville expansion
Heartland Payment Systems said Tuesday it will spend more than $6.2 million to expand its operations in southern Indiana and hire up to 140 more workers by next summer.
U.S. home construction up after two months of declines
Locally, building permits were up 17 percent in the nine-county area, from 222 in November 2009 to 259 in November 2010.
Whistleblower suit cites Rolls-Royce engine flaws
Rolls-Royce Corp. concealed repeated defects at an aircraft engine plant in Indianapolis and fired a safety official for reporting the problems, according to a lawsuit filed in federal court.
Man gets 40-year sentence for lawmaker attack
A man found guilty but mentally ill for an attack on Indiana state Rep. Ed. DeLaney was sentenced to 40 years in prison Thursday.
Central Indiana software firm faces engineer crunch
A software company based in central Indiana is going on a 10-city recruiting tour in search of applicants to fill 150 engineering jobs by next spring.
Greenwood airport board ends contract with private operator
The Greenwood Board of Aviation Commissioners will replace Indy Jet Center Greenwood, which had only managed the airport since January, effective Nov. 25.
State gives Speedway $2.9M for blight cleanup
Indiana Lt. Governor Becky Skillman says the grant will pay to demolish old building foundations, deteriorated pavement and concrete slabs in the downtown business district.
Court upholds Lilly patent on cancer drug Alimta
A U.S. District Court judge on Monday upheld Eli Lilly and Co.’s patent on the cancer drug Alimta, protecting the compound until July 2016. It was a welcome win after a difficult few months for Indianapolis-based Lilly, which is facing a wave of patent expirations in coming years.
Arson ruled out in $7M fire at airport hangar
The Indianapolis Airport Authority leases the hangar to ComLux Aviation Services, which uses it to maintain and refurbish business aircraft.
Duke fires Indiana chief, lawyer after ethics flap
Duke Energy Corp. has fired the president of its Indiana operations and a staff attorney following an ethics flap over its dealings with state utility regulators.
Republic Airways profit soars on acquisitions
Indianapolis airline plans a public offering of 12 million shares of common stock that could raise $100 million or more.