Business news

Ben Loehrke /

After more than a year of delays, the Environmental Protection Agency has released numbers for the Renewable Fuel Standard, or RFS—the amount of biofuel which must be to be blended into the nation’s gas supply —for the years 2014, 2015 and 2016.

The numbers are up, and that’s big news in Indiana, one of the largest ethanol-producing states in the nation.

Flazingo Photos /

Indiana’s unemployment rate declined for the eighth consecutive month in October, hitting a 14-year low in the Hoosier State. 

The Indiana unemployment rate fell to 4.4 percent last month, the lowest level since August of 2001. 

The state’s private sector added jobs for the seventh time out of nine months in 2015 – though October’s additions were modest, merely 100 jobs. 

Gretchen Frazee / WFIU

Angie's List executives are betting on themselves, and not taking a proposed buyout.

The company’s board unanimously voted to turn down an offer from InterActiveCorp, agreeing that it wasn't in the best interest of shareholders. It was a decision they had seemingly reached before last week when IAC leaked details of its acquisition proposal to the public, in an effort to involve Angie's List stockholders in the decision.

Indianapolis Financial Advisor Pete Dunn says it’s typical for companies to ramp up pressure when their initial offers don't seem to have much traction.

Holy Meatballs! IKEA Coming To Indiana

Nov 10, 2015

Hoosiers should start fishing out their allen wrenches from the back of the junk drawer…because Indiana is getting its own IKEA.  Indiana residents have had to trek north to Chicago or east to Cincinnati to buy a bed with an difficult-to-pronounce name and enjoy the chain's signature Swedish meatballs, but in two years they’ll be able to visit the Scandinavian furniture behemoth’s new location in Fishers.

IKEA Spokesman Reed Lyons says they chose Fishers because they needed a large plot of land in an area that would draw customers statewide.

Subaru of Indiana Automotive

A fourth vehicle model is set to be manufactured at Lafayette’s Subaru of Indiana Automotive plant beginning in 2018.

SIA officials announced Monday that a new larger three-row crossover model will be added to the production line, effectively replacing the Tribeca, which is no longer manufactured.

Beyond that, little is known about the unnamed vehicle, including how the plant will expand to increase production or how many jobs might be created.