EDITORIAL: Indianapolis Public Schools must rebuild trust
If any local organization needs the public’s trust, it’s Indianapolis Public Schools, considering the challenges the district faces educating often-disadvantaged students.
IBJ Staff
Articles
Former CEO sentenced for federal tax evasion
Joseph C. Scott, 54, the former CEO at KSM Profit Advisors LLC, was convicted of underreporting his income taxes from 2005 to 2009, resulting in unpaid taxes of nearly $600,000.
Ponzi scheme leader gets 10 years in prison
Rudolf “Rudi” Pameijer, a former Johnson County insurance agent who pleaded guilty to scamming $1.8 million from two dozen investors, was sentenced Monday to 18 years in prison, with eight of those years suspended.
Calumet acquires $25M stake in Louisiana plant
Calumet Specialty Products Partners LP plans to spend $25 million acquiring a 22-percent stake in a gas-to-liquids plant in Louisiana.
North Central grad returns to anchor WTHR weekend news
Naomi Pescovitz will helm the Saturday and Sunday editions of “News Sunrise,” beginning July 9.
PROXY CORNER: Cummins Inc.
Columbus, Ind.-based Cummins Inc. designs and manufactures diesel engines for automotive and industrial markets. It also provides filtration, exhaust and electronics systems, natural gas engines and engine components.
IU taps chamber executive to lead public-policy institute
R. Mark Lawrance is scheduled to take over as head of the Indiana University Public Policy Institute.in July, succeeding John Krauss, who is retiring.
EDITORIAL: Students need more advice
If you’re not certain whether a school counselor’s primary duty is to review college-application letters, work with troubled students, or proctor AP testing, you’re not alone.
Indy lands Big Ten championships through 2022
Football will stay at Lucas Oil Stadium, and basketball will alternate with Chicago. The move allays suspicion that the conference intended to shift championship play to East Coast venues.
Jury convicts Fishers man on 10 counts of fraud
Hrond Arman Gasparian, 67, was involved in two separate but related schemes, according to prosecutors. One involved stealing $400,000 from an Indianapolis church.
Old National scoops up Lafayette Savings Bank for $42M
The purchase of LSB Financial Corp., parent of Lafayette Savings Bank, will add $366 million in assets and five branches to Old National’s portfolio.
Council votes to support $30M Broad Ripple project
Developer Browning Investments Inc. plans to use $5.7 million from the bond issue to help finance the apartment/retail project along the Central Canal.
Online grocer plans 238 jobs in Indianapolis
Peapod Inc., an online grocery-delivery service, is seeking city tax incentives to help it with an expansion that would create 238 jobs by 2018. The jobs would pay about $15 per hour.
PHILANTHROPY
King Park Development Corp., a community development corporation on the near-north side, has hired Steven A. Meyer as executive director. Meyer, who has been assistant administrator of brownfield redevelopment for the city since 2011, joins King Park effective June 16. He replaces longtime leader Janine Betsey, who left in October. Meyer is a 2009 graduate […]
Indianapolis cancels cricket championship
“Deteriorating” communications with the sponsoring organization forced the decision, the city of Indianapolis announced Friday afternoon.
NFP of NOTE: Hawthorne Community Center
Hawthorne Community Center provides or facilitates services and programs that meet the economic, financial, social, educational, recreational and civic needs of the entire Hawthorne community, on the near-west side of Indianapolis.
Shares of Simon spinoff dip in early trading
Simon Property Group has revised its earnings forecast with the Thursday launch of spinoff firm Washington Prime Group.