Refinery purchases bring big gains to Calumet
Better profitability in crude-oil refining has prodded Calumet Specialty Products Partners LP into a $1 billion flurry of acquisitions over the past year.
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Out-of-the-way telecom company to branch into Indy
Smithville Telephone, headquartered in Ellettsville, near Bloomington, is the state’s largest independently owned phone company. Its Smithville Digital division, which provides fiber-optic communications to businesses, hospitals and schools in 17 Indiana counties, mostly in the south, has quietly been growing on the periphery of Indianapolis.
Life sciences finance pro heading to startup
If a biotech startup were akin to a rock band, Kristin Sherman might be the keyboardist. She’s not front-and-center on the stage, but the ballad wouldn’t be as dynamic without her pounding the chords.
Battered Broadbent climbs back from brink
One of the city’s best-known retail developers is alive and kicking again after a harrowing real estate downturn and protracted legal battle with two lenders.
BENNER: Big Ten hoops begin, but eyes are still on football mess
At media day, four out of five questions dealt with gridiron mess.
KIM: Consider value proposition of various college choices
Two-thirds of bachelor’s degree recipients borrow to attend college. The average debt is $26,500, but some is much higher.
HICKS: Inspired leader needed to survive next big crisis
The potential for widespread municipal bankruptcies and the effective bankruptcy of as many as a dozen states will present historic difficulties for the nation, and much will depend on effective leadership from the president.
Schools locked down during chase
Indianapolis police were unable to find a suspect who ran off following a traffic stop, sparking a lockdown at several Indianapolis schools Thursday morning. Officers stopped the suspect at North Kiel Avenue and West 38th Street, but when they tried to talk to the driver, he ran from the vehicle. Saint Gabriel School, Northwest High School, Gambold Preparatory Magnet High School and Meredith Nicolson Elementary School were placed on lockdown at about 10:30 a.m. while police looked for the suspect. The lockdown order has been lifted.
Armed man steals drugs from store
An armed man escaped with pharmaceuticals after a robbery late Wednesday night at a Greenwood drugstore. A pharmacist at the Walgreens at 1290 N. State Road 135 said a man initially posed as a customer before pulling a gun and demanding the pain reliever Roxicodone and anti-anxiety medication Xanax. He then made the pharmacist lay on the floor before fleeing.
Two men shot outside tavern
Indianapolis police are seeking suspects after two men were shot Thursday morning outside Bud’s Tavern on the northwest side. The victims were found in a parking lot after shots were heard at about 2 a.m. in the 3000 block of Lafayette Drive. One was in critical condition and the other was described as serious. Police said they found about two dozen shell casings in the area of the shooting.
Health insurance stocks flop after Obama wins second term
Health insurance stocks sank deeper than the broader market Wednesday after President Barack Obama's re-election helped clarify the future of his health care overhaul, a sweeping law that some investors fear will pinch profits.
Billionaire Cuban to visit Indiana alma mater
Dallas Mavericks owner and billionaire entrepreneur Mark Cuban will be visiting his alma mater Indiana University for a public talk next week.
Duke Energy earnings hurt by mild weather
Duke Energy Corp., the nation's largest electric utility by market value, reported stronger-than-expected earnings for the third quarter, but company executives said the outlook for strong economic growth in the U.S. is dim.
U.S. jobless benefit applications fall slightly
The number of people seeking unemployment benefits fell last week by 8,000, but the figures were distorted by Superstorm Sandy. The four-week average of applications, a less volatile measure, rose by 3,250.
Farm fatalities fall in Indiana; no children die
A new Purdue University report says farm-related deaths in Indiana fell to 16 last year and none involved children for the first time in 13 years.
Music education group to remain in city through 2023
Indianapolis-based not-for-profit Music for All, which puts on the annual Bands of America competition, announced Thursday that it plans to keep its headquarters and events in Indianapolis through 2023.
$12M apartment project serving homeless veterans planned for former foundry
City and local not-for-profit officials plan to break ground Thursday (Nov. 8) on the city's first supportive housing facility for homeless veterans.
Investor accused of defrauding burned-down church
Federal prosecutors have filed fraud charges against an investor who they say misspent nearly $400,000 that leaders of an Indianapolis church gave him as it tried to raise more money to rebuild from a fire.
Pacers snag highest TV ratings since 2007
Still juiced from last season's playoff run, Pacers fans packed Bankers Life Fieldhouse for the team's home opener and are watching games on TV in bigger numbers than they have in years.