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IndyCar executive’s fast exit leaves unanswered questions

The loss of IndyCar Series Chief Operating Officer Marc Koretzky doesn’t rate up there with Danica Patrick defecting for NASCAR, but it certainly doesn’t appear to be a positive development for the open-wheel series.

Fugitive ‘Outlaw’ surrenders to police

The last of 42 alleged gang members indicted by federal authorities is in custody after police said he turned himself in Friday morning. Terrell Lamont Adams, 28, was wanted on racketeering, drug and fraud charges. On Tuesday, investigators raided several locations tied to the Outlaw Motorcycle Club, serving warrants on alleged gang members. U.S. Attorney Joseph Hogsett said the raids were part of the largest organized crime investigation in Indiana history.

Motorcyclist dies after hit-and-run crash

Indianapolis police are looking for a driver who was involved in an accident that killed a motorcyclist traveling south on North Meridian Street late Thursday. Officers responded to the crash near 12th Street at about 9:30 p.m. Witnesses said a green Oldsmobile Delta ’88 turned into the unidentified motorcyclist’s path, triggering the accident. The vehicle may have damage on the passenger side, police said.

USDA declares state disaster areas

More than half of Indiana’s counties are considered natural disaster areas because of this summer’s drought, the U.S. Department of Agriculture said Thursday. The designation allows farmers and ranchers in the 55 affected counties, mainly in the northern and southern portions of the state, to apply for low-interest federal emergency loans. The designated counties have been in a severe drought for at least eight weeks during the growing season. About 30 percent of the state is experiencing extreme drought.

BrightPoint settles two suits against rival Brightstar

Both lawsuits involved former BrightPoint executives hired by Brightstar who had access to the local firm’s innermost workings and strategies. The suits, filed in Marion Superior Court, were dismissed Wednesday.

Lilly Endowment awards Butler biz accelerator $3M

The gift will enable the accelerator to keep providing consulting services to mid-size Indiana businesses using the experience of consultants, as well as Butler University faculty and students. It launched in 2005 with the help of a $22 million grant from the endowment.

JPMorgan says bad trade has ballooned to $5.8B

JPMorgan Chase said Friday that a bad trade had cost the bank $5.8 billion this year, almost triple its original estimate, and raised the prospect that traders had improperly tried to conceal the blunder.

Meridian CPAs folding into larger Somerset firm

Four principals and about a dozen other staff accountants and support staff at Meridian will join Somerset in August. Somerset is Indianapolis’ seventh-largest accounting firm, based on the number of local full-time employees.

After 2011 tragedy, state fair expands offerings

The Indiana State Fair is raising admission prices and adding a parking charge as it tries to recover from a big hit to its bottom line caused by last year’s tragic stage collapse.

Finish Line’s high-tech store prototype still has kinks

A prototype store launched by athletic shoe and apparel retailer The Finish Line Inc. on May 25 aims to use technology to marry brick-and-mortar to the company’s online operation. But interactive tablets that are a centerpiece of the so-called omnichannel strategy are not yet up and running.

WellPoint using deals to prep for new era in insurance

The buying spree is back on at WellPoint Inc., with a twist. A decade ago, the insurer consolidated Blue Cross and Blue Shield plans that catered to employers. Today, it is making deals to grow the non-employer part of its business.

Laikin blazed trail

I cut my teeth after college in the early years at BrightPoint working for Bob Laikin's enterprise.