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Top News & Analysis Indiana

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  • COLUMBUS, Ohio— Ohio motorists can expect to have plenty of company on the roads this Labor Day weekend. The AAA Auto Club says 1.5 million Ohio residents are expected to be among the 35.3 million people in the U.S. taking trips of at least 50 miles from home this weekend. Last year, the average price for a gallon of regular gas in Ohio was $3.49 during Labor Day weekend,...

  • BOSTON— Horse track operators and breeders are concerned the good times might be trotting to a close. Some states are looking to rein in a lucrative subsidy that's helped prop up their long-suffering industry. But industry experts say lawmakers in West Virginia, Iowa, Indiana, Delaware and elsewhere are pushing changes as their states face budget deficits and...

  • NEW YORK— China's economic problems have been a windfall for some U.S. small businesses— and pose a threat to others. Fucci is heading to China this weekend on a sales trip, optimistic that she'll find more buyers. But U.S. small businesses overall may feel little impact from the weakness in China's economy, says Ravi Madhavan, a professor at the University of...

  • FORT WAYNE, Ind.— Sweetwater Sound Inc. will invest $8.8 million in expanding its Indiana headquarters and creating up to 285 new jobs by the end of 2018, the online musical instrument and audio gear retailer announced Thursday. The company currently has a 320,000- square-foot campus near of Fort Wayne. The Indiana Economic Development Corp. offered...

  • Republic shares tumble after union blocks contract vote Wednesday, 2 Sep 2015 | 11:20 AM ET

    INDIANAPOLIS— Shares of regional airline operator Republic Airways tumbled Wednesday after the Teamsters union declined to let pilots vote on the company's latest contract offer, raising the prospect of a bankruptcy filing. Republic Airways Holdings Inc. shares were down 60 cents, or 19.8 percent, to $2.43 in midmorning trading. In a statement, Republic CEO...

  • Vera Bradley shares soar as it boosts outlook Wednesday, 2 Sep 2015 | 8:09 AM ET

    ROANOKE, Ind.— Vera Bradley, the seller of handbags with colorful patterns, surprised Wall Street with better-than-expected financial results for its fiscal second-quarter and boosted its earnings outlook for the year. Vera Bradley reported second-quarter net income of $5.7 million, or 15 cents per share, surpassing Wall Street expectations.

  • Shoe Carnival misses 2Q revenue forecasts Tuesday, 1 Sep 2015 | 4:21 PM ET

    EVANSVILLE, Ind. _ Shoe Carnival Inc. on Tuesday reported fiscal second-quarter earnings of $4.8 million. Shoe Carnival expects full-year earnings to be $1.42 to $1.48 per share, with revenue in the range of $977 million to $991 million. Shoe Carnival shares have declined slightly since the beginning of the year.

  • INDIANAPOLIS— The former director of a foundation created by longtime Subway spokesman Jared Fogle has agreed to plead guilty to 12 counts of child exploitation and one count of child pornography, federal prosecutors said Tuesday. Taylor until earlier this year led the Jared Foundation, which raises awareness and money to fight childhood obesity.

  • INDIANAPOLIS— Former Subway pitchman Jared Fogle is suing the incarcerated former head of his charitable foundation for allegedly defaulting on a $191,000 personal loan to buy an Indianapolis home. Fogle claims in the lawsuit filed last week that Russell Taylor since May has not made monthly payments of $850 that were called for in a land contract dated...

  • CINCINNATI— The new leader of the Frisch's Restaurants chain wants to flex Big Boy's brand muscle with franchise expansion, new restaurant shapes and sizes, menu and beverage additions, and doing more to court younger customers. Atlanta- based NRD Capital has taken over after shareholder approval last week of its $175 million acquisition that ended family...

  • EPA: Clean water rule in effect despite court ruling Friday, 28 Aug 2015 | 2:37 PM ET

    The EPA says the rule, which took effect Friday in more than three dozen states, will safeguard drinking water for millions of Americans. The House has ignored a White House veto threat and passed a bill to block it, and a Senate committee has passed a measure that would force the EPA to withdraw and rewrite it. The senators— two Democrats and two Republicans— said in an...

  • *Soybeans firm on dry U.S. weather outlook. *Corn clings to modest gains in choppy trade. Soybeans rose on worries about dry weather in parts of the Midwest and spillover support from a strong rally in crude oil.

  • After Fogle began talking about paying for sex with minors, the lawyer said Mills alerted a regional Subway contact in Florida where her stores were based. Subway had little say in the fund, but gained control of it in 2010 after a lawsuit, he said. Subway did not respond to a request for comment late Thursday.

  • *Corn firm on U.S. export data, broad commodities strength. *Wheat lower on dollar strength, fresh Black Sea sales. CHICAGO, Aug 27- Benchmark U.S. soybean futures rose 1.5 percent on Thursday as equity markets stabilized in China, the world's top soy buyer, and on outlooks for dry weather as the U.S.

  • *Wheat lower on dollar strength, fresh Black Sea sales. CHICAGO, Aug 27- U.S. soybean futures rose 1.5 percent on Thursday as equity markets stabilized in China, the world's top soy buyer, and on concerns about dry weather as the U.S. At the Chicago Board of Trade as of 1:10 p.m. CDT, the benchmark November soybean contract was up 13 cents at $8.78 a bushel.

  • INDIANAPOLIS— The parkland surrounding Indiana's towering dunes was intended to keep industry away from a geological marvel molded over thousands of years at the southern tip of Lake Michigan. "On its face, it looks suspicious," Antony Page, vice dean of the Indiana University law school in Indianapolis, said of the deal by Williams' Pavilion Partners.

  • Labor trouble with pilots deepens at Republic Airways Wednesday, 26 Aug 2015 | 7:18 PM ET

    DALLAS— The Teamsters group representing pilots at Republic Airways is balking at allowing a vote on the company's contract offer, deepening the rift between labor and management at the regional airline. He said the Teamsters national organization could override the local and order a ratification vote. Shares of Indianapolis- based Republic Airways...

  • INDIANAPOLIS— Shares of Eli Lilly rose Wednesday in premarket trading a day after the drugmaker said a federal court upheld a patent protecting one of its top-selling drugs, the cancer treatment Alimta. The Indianapolis company said Tuesday after markets closed that the U.S. District Court for the Southern District of Indiana ruled in Lilly's favor...

  • Back from death's door, Resorts casino is now profitable Wednesday, 26 Aug 2015 | 2:14 AM ET

    ATLANTIC CITY, N.J.— As recently as five years ago, Resorts Casino Hotel was near death, struggling to survive against bigger, newer Atlantic City casinos. In December 2009, Resorts' then-owners Colony Capital were within hours of handing over the keys to lenders and walking away from the casino. Months later, veteran casino executive Dennis Gomes and New York real...

  • Urban areas where commuters endure the most extra hours Wednesday, 26 Aug 2015 | 12:01 AM ET

    Traffic congestion nationally reached a new peak last year and is greater than ever before, according to a report by the Texas A&M Transportation Institute and INRIX Inc. Their analysis is based on federal data on the number of cars on the road and on traffic speed data collected by INRIX on 1.3 million miles of urban streets and highways. 1. Washington, D.C.-...