Brickyard 400 profitable despite falling crowds, experts say
Despite sharp attendance declines in recent years at the Brickyard 400, the NASCAR event remains hugely profitable for the Indianapolis Motor Speedway, motorsports industry experts say.
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Lilly braces for decline in Europe
Austerity and upheaval in Europe have not hurt Eli Lilly and Co.’s $4 billion-a-year drug business there, but the company is moving forward with plans to survive a coming swoon anyway.
School back in session for several districts
Summer vacation is ending this week for several local school districts. Warren Township students returned for their first day of school Monday morning. The school uses a so-called “balanced calendar,” which means shorter summer vacations. School in Perry Township resumes Tuesday. Decatur and Franklin townships head back on Wednesday, and Wayne Township resumes on Friday. Indianapolis Public Schools starts it new year next Monday.
City cop arrested on drunk-driving charge
Indiana State Police confirmed Sunday that they arrested an off-duty Indianapolis police officer for driving while intoxicated. Officer Daniel Kepler was arrested after a traffic stop at 3 a.m. Saturday near East Southport and Shelbyville roads. Police did not release any other details about the arrest.
Man arrested after fatal accident on I-465
An Indianapolis man was arrested after the death of a motorcyclist on Interstate 465 late Sunday night on the north side. Kevin Scott Davis, 24, was charged with operating a vehicle while intoxicated, causing serious bodily injury or death. Police say Davis was traveling at a high rate of speed in the center lane of westbound I-465 between Meridian Street and Michigan Road at about 11:30 p.m. when his Honda passenger car rear-ended a motorcycle driven by Todd Klebes, 41. Klebes, of Indianapolis, was forced off the road and died at the scene.
Old National reports higher profit, revenue
Loan growth in the consumer and real estate sectors helped Evansville-based Old National Bancorp report higher profit and revenue in the second quarter, the company said Monday morning.
Fashion Mall landlord suing tenant over unpaid rent
A division of Simon Property Group Inc. is suing Brisbane, Calif.-based Bebe Stores Inc., claiming the women’s clothing retailer owes it $64,000 in unpaid rent.
Ivy Tech revs up for new automotive program
An Indiana college is revving up an intense new automotive program designed to increase graduation rates and help students earn technical certificates in less time.
Legal drama over Duke Energy merger lingers
The investigations into whether regulators and consumers were misled in the run-up to the merger of North Carolina's two Fortune 500 energy companies could continue quietly for months after a deadline arrives next week.
Employee benefits firm plans Indianapolis expansion
Apex Benefits Group plans to invest $1 million and add 25 jobs paying an average of $44 an hour.
Budget questions could easily eat at $2.2B reserve
With $2.2 billion in the bank, improving tax collections and extra tax refunds on their way to Hoosiers, it would be easy to assume Indiana’s leaders could coast for a while.
Rebounding RV industry sees smoother roads ahead
The recreational industry whose collapse during the recession made northern Indiana the poster child for the ailing economy is expecting solid growth in the next 18 months as the industry continues its rebound.
Rising use of part-time faculty sparks worries
Some advocacy groups argue that an overreliance on part-time faculty can weaken the academic experience for students on campus.
2 quit Duke Energy board, say new CEO needed
Two riled directors of America’s largest electric company resigned Friday, complaining they were blindsided by a surprise CEO switch that has put pressure on Duke Energy Corp.’s credit rating and stock price.
Star putting downtown headquarters on market
The Indianapolis Star plans to sell its headquarters building at 307 N. Pennsylvania St. and seek modern office space elsewhere downtown, the newspaper said Friday afternoon.
McKesson to pay $151M to settle drug-pricing suit
Twenty-nine states, including Indiana, have reached a $151 million settlement in a lawsuit alleging one of the country's largest drug wholesalers inflated prices for hundreds of prescription drugs, officials said Friday.
SMAGALA: Drought lessons from Phoenix
As I drove to the airport recently, I couldn’t help but notice all the sprinklers watering lawns in front of houses, businesses and sports fields.
Former IU player Reed dies at 37
Former Indiana University basketball player Neil Reed, famously known for being the player that Coach Bob Knight choked in a 1997 team practice, died on Thursday. Reed, 37, passed away in his house in Nipomo, Calif. of cardiac arrest. He played three seasons at IU, averaging 9.8 points before transferring to Southern Mississippi. A video of Knight manhandling Reed led to disciplinary action against the coach, who was fired later that year after another incident. Reed was a high school physical education teacher and girls golf coach.
Bystander killed in police shootout
An innocent bystander was killed Thursday night in Pendleton when a gunman opened fire on police officers responding to a reported domestic disturbance. Police identified the victim as John Neal Shull Jr., 48, who owned N.S. Painting Co. Shull was in a truck when he was hit by gunfire exchanged by 59-year-old Jim Kenneth Bailey of New Castle and police officers. Two police officers suffered non-life-threatening bullet wounds and a police dog was killed in the incident, which took place about 11 p.m. Bailey was found dead about six hours later of an apparent self-inflicted gunshot.