The Federal Deposit Insurance Corp. has filed suit against four former officers of defunct Irwin Financial Corp. banks, alleging they “closed their eyes to known risks” in approving loans that contributed to the banks’ 2009 takeover by regulators.
When Michael Harris resigned abruptly last September as chancellor of Indiana University’s Kokomo campus, he did not go quietly, according to a series of emails he exchanged with IU administrators.
A company that had hoped to open a high-tech police car plant employing as many as 1,500 workers in eastern Indiana has cleared out its plant amid the resignation of a key official.
With fewer state dollars coming with more strings, Indiana’s public universities are altering their strategies in big and small ways to receive as much money as possible from the state.
A central Indiana county has given the go-ahead to a proposed $300 million wind farm while also approving restrictions that address concerns about the project's impact on property values.
The 500 Festival Mini Marathon in May will once again focus Hoosier attention on distance running—a sport where shifting demographics and rising interest have combined to generate strong sponsorship revenue.
Contech Castings LLC has suspended certain operations at plants in Auburn and Pierceton and laid off more than 200 employees after losing a customer to a competitor.
Chrysler Group LLC plans to invest a total $374 million and add 1,250 jobs in Kokomo and Tipton, the company confirmed Thursday.
Oerlikon Fairfield officials announced Wednesday that the indefinite layoffs will take effect March 4.
As legislators brace for a $250 million annual transportation spending gap down the road, the Indiana Department of Transportation has designated more than one-third of its entire federal highway aid this year toward building 27 miles of Interstate 69 between Crane and Bloomington.
The jury trial in South Bend for real estate developer John Bales and his general counsel, William E. Spencer, is scheduled to begin Jan. 28 and last up to two weeks. Bales and Spencer, both 45, are facing 13 counts, including wire and mail fraud.
An 11-page utility bill in the Indiana Senate that a consumer group likens to “a money grab” would hasten and expand a utility’s ability to recover additional costs from customers.
Indiana Beach Amusement Resort on Lake Shafer neglected to pay an estimated $180,000 in innkeeper’s taxes and about $167,000 in 2011 property taxes, according to White County officials.
A synthetic natural gas plant proposed downstate need only tweak its contract with would-be gas purchaser Indiana Finance Authority to comply with an October court ruling and to proceed with the project, Indiana Gasification said in a recent filing with the Indiana Court of Appeals. But opponents of the plant, led by Evansville-based gas and electric utility Vectren, immediately objected.
The leaders of 18 central Indiana cities and towns have formed a group that intends to address regional concerns, starting with a proposed $1.3 billion, 10-year mass transit plan.
Chrysler Group LLC is betting on huge sales gains to justify the more than $374 million it is considering investing in Kokomo and Tipton to make a new line of nine-speed transmissions.
Tipton officials approved a 10-year tax abatement worth $2.5 million to help the company launch production in a nearly 800,000-square-foot plant at U.S. 31 and State Road 28, about 25 miles north of Carmel.
The Elkhart County Council on Saturday approved tax incentives for four companies seeking to expand in the county where the jobless rate topped out at nearly 19 percent in March 2009.
A deal struck 25 years ago brought Subaru-Isuzu to Indiana. Toyota followed in 1996, and Honda came in 2008. The three Japanese automakers now collectively employ 10,000 and support thousands more jobs at suppliers across the state.
State lawmakers and Indianapolis officials are looking to regulate the gold-buying business, which police say provides an easy outlet for stolen goods. Cash-for-gold stores have multiplied as prices more than doubled since 2007.
