Angie’s List shares plunge to record low after lockup ends
Shares in Indianapolis-based Angie’s List Inc., the consumer-review website company, plunged to a record low after a ban was lifted on stock sales by some of the company’s biggest investors.
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LEADING QUESTIONS: Music promoters grow gig schedule
In four years since begging indie acts to hit Indianapolis, MOKB Presents has become a ubiquitous name on the city's marquees. The concert-promoting duo expects to have a hand in 150 shows this year, a 50-percent increase from 2011.
Police investigate east-side stabbing
Indianapolis police are investigating a stabbing on the city's near-east side. Officers dispatched to the 1600 block of Woodlawn Avenue, near Fountain Square, about 1:45 a.m. found a man suffering stab wounds to his chest. The victim was taken to Wishard Hospital in critical condition. Police said a dispute between a boyfriend and girlfriend turned violent, resulting in the stabbing.
Summer Celebration attendance slips
Attendance fell 2.5 percent for this year's Indiana Black Expo Summer Celebration, organizers said Monday, but more money was taken in during the 12-day event due to higher concert-ticket sales and sponsorships. A total of 235,654 people attended events this year, down from 241,727 in 2011. The Summer Celebration ended July 22.
Playoffs?! CIB predicts Colts won’t host postseason game
The city entity that owns Lucas Oil Stadium, where the Colts play their home games, budgeted $1 million less in admission-tax revenue for 2013 for one reason: The board does not expect the Colts to host any playoff games.
CIB plans $5M repair to Capitol Commons plaza
The project is part of a $63.9 million operating budget board members approved for 2013, which is lower than the current year’s budget because it doesn’t include Super Bowl costs or special payments to the Indiana Pacers.
Hamilton County hotels report stronger occupancy
Helped in part by the Super Bowl, the county’s occupancy rate increased 8.4 percent, to 63 percent, compared with the first six months of 2011, according to a report by Tennessee-based Smith Travel Research.
ICVA eyes funds from sale by CIB of downtown’s Ober building
The Capital Improvement Board wants to plug a $2 million funding hole that will open up next year for the Indianapolis Convention & Visitors Association with the expiration of a $5.9 million grant from the owner of the JW Marriott hotel downtown.
MainGate inks 3-year merchandise deal with Lucas Oil
MainGate has developed the LucasOilGear.com website to sell apparel and novelties, including T-shirts and outerwear featuring the Lucas Oil Stadium, Lucas Oil and Lucas Oil Racing Series brands.
Ivy Tech planning new central Indiana site
Indianapolis-based Ivy Tech Community College is planning to open a new classroom site in the central Indiana city of Frankfort.
Conrad’s top suite gets $350K fine art makeover
The Conrad Indianapolis this year completed a $350,000 renovation of its most luxurious suite, landing the 2,000-square-foot Gallery Suite on an Elite Traveler magazine list of the top 23 hotel suites in the U.S.
Steak n Shake customer traffic up in latest quarter
Biglari Holdings Inc., parent of Steak n Shake, said Friday that customer traffic to the restaurant chain grew 2.2 percent during the quarter ended July 4, boosting same-store sales 2.9 percent.
Colts nearing season sellout, DeltaWing wants in IndyCar
In this new video segment on The Score, IBJ sports reporter Anthony Schoettle offers insight and analysis on the latest happenings with the Indianapolis Colts and IndyCar Series.
City-County Council OKs domestic partner benefits
Mayor Greg Ballard said he hasn't decide whether he will veto the measure. The mayor said he would prefer coverage be provided only to same-sex partners because he believes offering it to heterosexual couples is a "disincentive to marry."
Vincennes turkey plant expected to employ hundreds
Gov. Mitch Daniels plans to attend the groundbreaking for Farbest Foods' $70 million factory. The state dangled $3 million in incentives to attract the company.
Indiana fair remembers stage collapse 1 year later
The Indiana State Fair came to a standstill Monday night to honor the victims of a deadly stage collapse one year ago that prompted sweeping overhauls of the fair's emergency plan and new regulations for temporary stages.
Entergy faces hurdle to joining transmission pact
Arkansas regulators want guarantees that their authority will be preserved if Entergy Corp.'s utilities join Carmel-based regional transmission group MISO, raising questions about whether the deal will go through.
Indiana Landmarks still trying to save pre-Civil War home
The Cotton-Ropkey House was built in 1850 and features Greek Revival and Italianate features, including six-over-six windows, walnut floors and crown moldings.
Q&A
Alph Bingham spent more than 28 years at Eli Lilly and Co. and from there co-founded InnoCentive Inc., a Massachusetts-based organization that organizes crowdsourcing to help companies solve internal challenges. The Carmel resident spoke about the challenges now facing pharmaceutical companies, which are buckling under ever-rising costs to develop drugs with lower rates of success and worsening prospects for reimbursement. Bingham’s solution is for pharma to embrace crowdsourcing and other “open innovation” concepts in order to spread the risk of R&D among more partners.