Articles

Bar owners challenging smoking ban seek injunction

The 10 Indianapolis business owners want a federal judge to prevent the city of Indianapolis from enforcing new public smoking restrictions until a ruling is made on their lawsuit. Their original complaint claims the ordinance violates parts of the U.S. Constitution.

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Area home-sale agreements show June increase

Home-sale agreements in the nine-county Indianapolis area were up nearly 5 percent in June compared to a year ago, the F.C. Tucker Co. announced Monday afternoon. Year-to-date sales contracts through the first six months are up 13.4 percent.

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Lilly Endowment awards Butler biz accelerator $3M

The gift will enable the accelerator to keep providing consulting services to mid-size Indiana businesses using the experience of consultants, as well as Butler University faculty and students. It launched in 2005 with the help of a $22 million grant from the endowment.

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Meridian CPAs folding into larger Somerset firm

Four principals and about a dozen other staff accountants and support staff at Meridian will join Somerset in August. Somerset is Indianapolis’ seventh-largest accounting firm, based on the number of local full-time employees.

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Quarterly profit, revenue slides at Emmis

The Indianapolis-based media company reported a larger loss on falling revenue in its fiscal first quarter, mostly due to the sale of a group of radio stations and cheaper advertising rates.

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PROXY CORNER: BrightPoint Inc.

Indianapolis-based BrightPoint Inc.provides worldwide distribution and integrated logistics services to the wireless communications industry. The company announced July 2 that it had agreed to be acquired by California-based Ingram Micro for $650 million in cash and the assumption of $190 million in debt.

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