SKARBECK: Facebook flop casts doubt on remarkable valuations
After a year of escalating hype, Facebook’s May 18 initial public offering failed to come anywhere near Wall Street’s glorified expectations.
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HICKS: UL model could fix financial regulation morass
We need a compromise that preserves innovation and mitigates the tendency for the sort of moral hazard that fueled the last recession.
PNC economists think local recovery will take hold
Second-quarter forecast for Indianapolis is positive in spite of Lilly, small business concerns.
Former MTV anchor’s photos on display at Indianapolis Museum of Contemporary Art
IMOCA has history of building exhibits around pop-culture figures.
Judge hears fight to sex offenders’ Facebook ban
A federal judge said Thursday she plans to rule within a month on the constitutionality of an Indiana law that bans registered sex offenders from using social networking websites where they could prey on children.
Police beefing up canal security
Indianapolis police announced Wednesday that they will move two downtown security cameras to the area on the Central Canal where a couple was attacked and beaten over Memorial Day weekend. Police are considering adding more patrols in the area after an 18-year-old woman and her 23-year-old male friend were badly beaten Saturday by a group of five to seven males in their late teens or early 20s.
State fair seeking 500 workers
The Indiana State Fair plans a job fair Thursday afternoon in order to fill hundreds of positions for the fair in August. More than 500 hourly positions are available. Officials said most of the jobs are temporary positions that cover the duration of the fair, which runs from Aug. 3 until Aug. 19. The job fair will take place at the Pioneer Our Land Pavilion at the fairgrounds from 3 p.m. to 7 p.m. Lines can begin forming at 2 p.m. Officials said applicants may wear informal attire.
IPS second-grader brings beer to school
A second-grader has been suspended and faces expulsion from Indianapolis Public Schools for bringing three bottles of beer to school. The principal at Eliza A. Baker School 55, 1349 E. 54th St., heard clanking inside the boy's book bag as he was leaving the cafeteria early Wednesday morning. She found three unopened bottles of Budweiser. The boy admitted he brought the beer to school, but didn't say why. School police and Child Protective Services were called to the scene to investigate.
Struggling BlackBerry maker could be drag on BrightPoint
BlackBerry maker Research In Motion Ltd., which said it wouldn’t turn a profit this quarter, accounts for about 10 percent of BrightPoint’s distribution business.
Area company rolls out inventive wellness benefit
EMC Precision Machining in Sheridan will give each of its 93 employees a new bicycle Friday for exceeding company cost-cutting goals.
Cinema Grill shuts down, Just Judy’s reopens & more
The combination movie theater and restaurant Cinema Grill has closed after almost 13 years at the southeast corner of West 86th Street and Ditch Road.
Emmis restructuring plan to be heard by federal judge
Whether the company can strip preferred shareholders of their right to collect millions of dollars in dividends will be decided in court. Shareholders have filed suit in an attempt to stop the proposal from being voted on.
Reports of owner discord circulate around IndyCar CEO Bernard
A Speed.com report claims IndyCar founder Tony George and a handful of team owners are behind a charge to have Randy Bernard fired. Also listed were team owners John Barnes, Kevin Kalkhoven, Michael Andretti and his father, Mario.
Former Kentucky amusement park in bad shape
The new partners who are working toward reopening the former Kentucky Kingdom amusement park say the facility is in bad condition and may not reopen until 2014.
Johnson County considers more fees for revenue boost
A central Indiana county is looking at a wide range of new or increased fees to make up for what officials say are declines in tax revenue.
Local sales tax could aid economic development
Most local economic development organizations rely on private contributions and some government money to support their efforts. But an unstable economy has led to some belt-tightening and soul searching on alternative ways to fund the associations.
Job held by Purdue president’s husband being cut
An administrative job at Purdue University held by the husband of school's president France Cordova is being eliminated as she leaves the school this summer.
