CityWay sells out first phase of apartments
Developer Buckingham Cos. has taken deposits for all 100 apartments in the first phase of its $155 million CityWay project at Delaware and South streets in downtown Indianapolis.
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Former state senator Clark picked to lead law firm
J. Murray Clark takes over at Faegre Baker Daniels LLP for Jacqueline Simmons, who became general counsel of Indiana University on July 1. Clark is former chairman of the Indiana Republican Party and served as a state senator for 11 years.
Dow Agro sales surge to record in second quarter
The Indianapolis-based division of Dow Chemical Co. posted record second quarter sales of $1.7 billion, up 12 percent from the year-ago period, due to a small increase in prices and the introduction of new products.
ITT stock sinks after profit plunges 42 percent
ITT Educational Services Inc.'s stock took a licking Thursday after its quarterly earnings report badly missed expectations of Wall Street analysts.
Duke takes smaller loss despite falling revenue
Indianapolis-based Duke Realty Corp. on Wednesday reported a second-quarter loss of $28.5 million, slightly smaller than a loss of $29 million in the same quarter of 2011.
Agency blames caseworker turnover on pay, scrutiny
Indiana's Department of Child Services on Wednesday blamed a combination of low pay and job stress stemming from media coverage of the agency for an increasing turnover rate among child caseworkers.
Hill-Rom stock swoons after $400M acquisition
Investors reacted negatively Thursday after medical equipment and hospital bed maker Hill-Rom Holdings Inc. on Wednesday said it was acquiring Aspen Surgical Products for $400 million.
CNO Financial reports big earnings gain on higher sales
Earnings at Carmel-based CNO Financial Group Inc. jumped 42 percent in the second quarter on higher sales of its insurance products, the company announced Wednesday afternoon.
Angie’s List shares plunge after wider quarterly loss
Angie's List Inc. saw revenue jump 74 percent in the second quarter, but the Indianapolis-based contractor-ratings service continued to see growing losses as the result of higher marketing expenses. The company’s stock fell more than 10 percent Thursday.
Indiana Blood Center tapping new vein of revenue
Group sees role in cellular therapy as growth area with profit margins higher than core business.
Indiana life sciences companies rethink innovation
Research and development comes under pressure in an age of austerity.
Indianapolis Symphony launches CEO job search
The Indianapolis Symphony Orchestra wants a CEO with a medley of artistic vision and business finesse in order to reverse financial woes and reach out to new audiences, according to a job description posted online Wednesday.
Bauer says he won’t resign, urges Democratic unity
House Minority Leader Patrick Bauer held a Statehouse news conference Wednesday amid reports his caucus would meet Thursday in Lafayette to vote to remove him as its leader.
Audit of $526M in state tax errors could take months
Representatives of the accounting firm Deloitte told Indiana budget leaders their assessment of what needs to be audited could last through August. The audit itself could take months longer after that.
OSHA investigates worker’s death
The Occupational Safety and Health Administration is looking into a construction accident that killed an Indianapolis worker. Ronald Davenport, 53, was climbing the ladder of a skid loader Monday in the parking lot of the Lafayette Landings Apartments on the northwest side. A worker driving the skid loader didn't know Davenport was on the equipment when he lowered the arms, crushing him. Police said there was no indication of foul play.
Man killed in Bloomington
A man was fatally shot early Wednesday, one block away from where hundreds of people gathered to apply for low-income housing in Bloomington. Police responded to the scene in the 1000 block of North Illinois Street at 2:19 a.m. and found 28-year-old Ulysses Goethe lying in the street, suffering from a gunshot wound. Witnesses said the shooting victim was in the Section 8 housing line not long before his death. They said he had been talking to the shooter, walked away and was tracked down minutes later and shot to death.
Woman, 24, drowns in Broad Ripple
A 24-year-old woman drowned Tuesday night after she and a male friend went swimming in the White River Canal in Broad Ripple. Investigators said the victim, Jessica Adkins, was in the water about 8 p.m. behind the McDonald's on Broad Ripple Avenue when she went under. Witnesses said the victim’s friend, James Petersen, 25, ran inside the McDonald’s and asked them to call 911. He told them he and Adkins were “skinny dipping” when the woman started to struggle in the water. Police said the man showed “indications of being under the influence of narcotics.” He was arrested on several charges, including battery and resisting arrest.
Committee passes domestic partner benefits proposal
The plan to offer health-care benefits to domestic partners of Indianapolis city workers passed a City-County Council committee by a 7-0 vote on Tuesday. The full council could consider the measure as early as Aug. 13.