SKARBECK: Use caution with ventures turning to crowd for cash
When social media meets finance, society births a technique for small business to raise capital called “crowdfunding.”
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HICKS: The problems with polling and predictions
Just days before a presidential election, there’s no doubt we will be bombarded with poll results and election models designed to predict winners and losers. It is useful to explain how these work without technical jargon.
Two charged with furniture thefts
Fishers police have arrested two people who may be connected to a series of thefts at merchants in Hamilton and Marion counties. Rogar Simmons, 34, and Michelle Doehring, 53, both of Cleveland, face preliminary charges of theft after police say they were caught using fraudulent information to buy furniture at the Kittle’s Furniture distribution center. A possible accomplice who was driving their U-Haul truck fled the scene on foot. Police said more charges may be filed.
Chemical spill at local plant contained
Authorities say workers were evacuated from a Rolls-Royce facility near Indianapolis International Airport early Thursday because of an acid spill. A fire official said a valve failed, causing three types of acid to mix in an aluminum drum and eat through the drum. A hazardous materials team contained and neutralized the spill. No injuries were reported.
Local reservoirs back to normal
After a dry summer that sparked water restrictions across central Indiana, area reservoirs are back to normal. Citizens Energy Group said Morse, Geist and Eagle Creek are full and their underground aquifers are recharged. The company credited water restrictions and steady rainfall.
Settlement talks afoot in Mel Simon estate brawl
Attorneys for Mel’s daughter Deborah asked a Hamilton County judge to put discovery deadlines on hold and vacate the July 2013 trial date while the parties negotiate a “memorandum of understanding.”
Donnelly took same stance as Mourdock in abortion bill
What Democratic Congressman Joe Donnelly doesn’t bring up in attack ads against Richard Mourdock is that last year he backed a measure that would have denied federal abortion funding even in cases of rape and incest.
Luck’s first local sponsorship starts with one short pass—and one brave kid
Andrew Luck’s toss of a few yards to 8-year-old Holden Harless, a Riley Hospital for Children spinal cord patient, made a special connection.
Lilly to spend $140M on new insulin cartridge plant
About 100 workers will staff the new plant, which will be constructed by spring 2014 and ready for operations in 2015. But only “some” of that number will be new hires.
Lids buying 12 stores from Florida-based Fanatics chain
The purchase includes nine FansEdge locations in the Chicago area and one in Oklahoma, in addition to two Football Fanatics stores in Jacksonville, Fla.
Judge approves Shelbyville racino sale to Centaur
A bankruptcy court judge has approved Centaur Holdings LLC's purchase of the Indiana Grand racetrack and casino in Shelbyville for $500 million. The deal still requires regulatory approvals.
Duke loss narrows, quarter meets expectations
Indianapolis-based Duke Realty Corp. on Wednesday reported a third-quarter loss of $28.2 million, smaller than a loss of $32 million in the same quarter of 2011.
PulteGroup plans new neighborhood in Anson
PulteGroup Inc. has purchased 24 acres in the Anson development near Whitestown in Boone County and plans to build 36 homes. Long-range plans call for 255 homes on 145 acres.
Indianapolis accounting firm settles with Fair Finance trustee
Somerset CPAs PC will pay $500,000 to settle litigation brought by the bankruptcy trustee of Fair Finance Co., the Ohio-based firm that convicted financier Tim Durham used to conduct a major Ponzi scheme.
Baldwin & Lyons profits rise on fewer storm losses
Indianapolis-based Baldwin & Lyons Inc. continues to improve on its 2011 results, recording after-tax profit of $11.7 million, or 78 cents a share, for the third quarter.
Deylen offers another vision for Mass Ave redevelopment
A little post-Halloween candy for Property Lines readers: Check out the renderings of an unsuccessful Mass Ave redevelopment proposal from locally based Deylen Development.
Republic Airways profit jumps on Frontier restructuring
Third quarter earnings at Republic Airways Holdings Inc. soared 186 percent over a year ago in the wake of restructuring its Frontier Airlines unit, the Indianapolis-based company announced late Wednesday.
Durham lawyer balks at proposed 225-year sentence
The attorney for convicted Ponzi schemer Tim Durham argues that the presentencing report miscalculates the losses suffered by investors, includes a range of allegations that weren’t proven at trial and blames his client for events outside his control.