EDITORIAL: Time to dispense of one-off highway funding schemes
Gov. Mike Pence's proposal is the latest example of the state using stop-gap measures to maintain basic infrastructure.
IBJ Staff
Articles
Ameriana shareholders set to vote on merger
Muncie-based First Merchants Corp. is to acquire Ameriana for $69 million under the deal.
Veteran of Indy banking to lead Lake City division
Warsaw-based Lake City Bank appointed Bill Redman to lead its Indianapolis commercial banking team.
Umbaugh acquires Ohio advisory firm
The municipal finance advisory firm is buying Ohio-based Prism Municipal Advisors LLC,which bolsters its Midwest presence.
Indiana bank branches drop for sixth straight year
Banks operating in Indiana have been cutting branches since 2009, and the pruning continued in 2015.
Area home deals drop again as prices rise, selection dips
Home-sale agreements in central Indiana slid for the sixth straight month in September as prices climbed and inventory declined, according to F.C. Tucker Co.
Indianapolis Motor Speedway to host top amateur racing event
The SCCA National Championship Runoffs will take place on the Speedway's road course Sept. 29-Oct. 1, 2017.
Area builders see 2nd straight bump in permit filings
Area home builders saw an 8-percent increase in buyers in September, according to the latest permit numbers from the Builders Association of Greater Indianapolis.
EDITORIAL: Governor must back full LGBT rights
Had Pence never pushed the Religious Freedom Restoration Act, it’s likely he could have won support for some kind of law like one passed in Utah.
Lilly Endowment pegs $1.4M grant for attracting tech talent
TechPoint, an Indiana technology advocacy group, intends to use the money for internship and fellowship programs that create career connections in the state.
Indiana Supreme Court upholds state’s synthetic drug law
The court said the law banning K2, Spice and other chemical compounds meant to cause intoxication are not too vague. The law’s author, Sen. Jim Merritt, said the court ruling should help “keep our children safe and stop the spread of these harmful drugs.”
Herron targets historic armory on White River for new high school
Herron High School hopes to raise enough money to turn an abandoned armory in Indianapolis into a new high school, according to Indiana Landmarks, which is trying to save the property.
UIndy to offer two engineering degrees in 2016
Students will choose between undergraduate degrees in industrial engineering and software engineering, specialties that are not as widely available in central Indiana.
Lilly Endowment commits $50M to UNCF initiative
The Lilly Endowment has pledged $50 million to the United Negro College Fund to launch the UNCF Career Pathways Initiative—an effort to improve employment rates and wages for African-American college graduates.
Rolls-Royce lays out plan to spend $600M on Indy operations
Rolls-Royce Corp. is planning a wide-scale modernization of its Tibbs Avenue jet-engine plant in Indianapolis that would be part of an overall goal to invest nearly $600 million in its local operations over five years.
Trucking firm Celadon sells tractor portfolio for $13.6M
Celadon Group Inc. sold a portfolio of semi tractors and their associated leases for $13.6 million to a joint venture controlled by a private-equity firm, Indianapolis-based Celadon announced late Friday.
Rolls-Royce to announce ‘significant’ Indianapolis investment
Rolls-Royce did not provide details of the Monday morning announcement, but IBJ reported this spring that the company was in discussions with the city and state on a project that would modernize its Tibbs Avenue jet-engine factory and likely to cost at least $500 million.
UPDATE: McGee put on leave; his lawyer blasts book
Andre McGee's attorney said his client denies hiring strippers and prostitutes to entertain University of Louisville recruits. McGee's current employer, the University of Missouri at Kansas City, has placed him on paid leave.
IU says it didn’t know about controversial University of Louisville book
IU officials say they did not know about a controversial book that accuses the University of Louisville of recruiting violations when they passed on a message from IBJ Book Publishing owner Mickey Maurer.
UPDATE: Louisville’s Pitino expresses shock, skepticism
The Louisville coach and the school’s athletic director appeared to try to cast doubt on the independence of the book publisher, Indianapolis-based IBJ Book Publishing, pointing out that it is owned by one of Indiana University’s biggest boosters, Michael Maurer. Maurer said the suggestion is "ludicrous."