The deal also calls for CNO to make general account investments of about $250 million over an undisclosed period of time. It also agreed invest $30 million in TCP's publicly traded business development company, TCP Capital Corp.
Shares in Indianapolis-based Calumet Specialty Products Partners fell 30 percent in after-hours trading Friday and dropped another 53 percent Monday morning.
Indianapolis police say they were notified that Republican presidential hopeful Donald Trump is planning an event in the city, but they received no details.
Launching a $22 million fundraising campaign on Friday, Ivy Tech officials announced that more than two-thirds already had been pledged, including the largest gift in the system’s history.
Hundreds of admirers took to Facebook to remember Helen Wells, who started her agency in 1980 and provided talent to many of Indiana's top companies.
Indiana’s unemployment rate jumped to 5 percent in March as a surge of jobless Hoosiers declared themselves ready to find work.
The Indiana Bar Foundation will only be able to use its settlement funds for programs covering mortgage foreclosures and community development, foundation leaders said.
Marian University has raised $15 million through several donations that it will use as part of a $30 million plan to build new facilities on its Indianapolis campus, school officials announced Thursday.
From a policy perspective, dropping the provision from the Indiana Republican Party platform would simply be an acknowledgement that the issue is settled.
Indianapolis-area residential builders are off to their best start in almost a decade thanks to a big surge in new-home buying the past two months.
The Ken and Audrey Beckley Studio will serve as a facility for TV broadcast news classes and production workshops, as well as for IUSTV, the student-run television station, for coverage of basketball and football.
Indiana Composites, a fledgling maker of fiberglass components for the boating, RV and specialty vehicle markets, plans to buy, renovate and equip a 75,000-square-foot manufacturing facility.
Former U.S. Rep. Julia Carson was instrumental in securing funding for an Indianapolis public transportation hub.
The Carmel-based company has a hired a president and promoted longtime exec Erik Helding to chief financial officer. The company also announced the departure of its chief business officer.
First Merchants Corp. operates 116 branches in 27 Indiana counties, two Ohio counties and two Illinois counties.
A jury convicted David Garden on 22 counts, including 11 counts of forgery and 10 counts of theft, for defrauding homeowners and renters.
Longtime civic and political leader Carolene Mays-Medley will replace Robert Whitt, who is stepping down to become president of Indianapolis-based Sun King Brewing Co.
Sensient Flavors LLC, which battled regulators for years over safety issues, plans to permanently close its plant at 5600 W. Raymond St., ending employment for 86 local workers.
The Indianapolis Museum of Art has given CEO Charles Venable a contract extension that will keep him in the position for another 10 years, the IMA announced Tuesday.
Amber R. Van Til joined the Indiana Bankers Association in 2002 as a lobbyist. She’s the first woman to hold the title of president.
