Emmis gains extension on NASDAQ listing
Emmis Communications Corp. shares will remain listed on the NASDAQ exchange at least until Aug. 27 under an extension granted by the well-known stock index.
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IUPUI to close University Place hotel and event center
In a stunning move, IUPUI has decided to close the University Place Conference Center and Hotel on West Michigan Street and will use the space for student housing, dining and classrooms.
Purdue gets $10 million gift for leadership center
Purdue University will use a $10 million anonymous gift to help build a facility dedicated to encouraging student excellence and leadership.
Local attorney charged with defrauding clients of $2.5M
William F. Conour, 64, turned himself in to federal authorities Friday morning, accused of engaging in a scheme from December 2000 to March 2012 to defraud his clients, using money obtained from new settlement funds to pay for old settlements and debts.
Indianapolis public safety chief leaving position
Frank Straub is resigning after more than a year of criticism over the city police department's handling of evidence in a fatal crash involving an officer.
Fishers man accused of sexual misconduct
A Fishers man was arrested Thursday for allegedly engaging in sexual activity with a minor he met on the Internet. Adam Carlisle, 30, was charged with four counts of sexual misconduct with a minor and two counts of child solicitation. According to Fishers police, the male juvenile said he met Carlisle through the website Grindr, which offers users a mobile phone application that locates gay or bisexual males for dating. The victim said he had a sexual encounter in his Fishers home with Carlisle in March. Police began investigating the incident the next day, after the boy’s parents contacted them.
Straub to leave city safety post on Aug. 1
Indianapolis Public Safety Director Frank Straub today submitted his resignation from the position, and Mayor Greg Ballard accepted it. Straub’s three-page letter of resignation enumerated many accomplishments over his 28-month tenure, but did not address reasons for his departure, which will be effective Aug. 1. The news comes a month after the department led by Straub announced a $15 million budget deficit. Straub has been criticized for hiring Altegrity Inc. to investigate police internal affairs. Altegrity is led by the man who recommended Straub for his job. A recent report shows violent crimes up 15 percent and property crime up 13 percent in Indianapolis.
Single-minded super-PACs work to beat one candidate at a time
Super-PACs are playing a heavy role in this year’s election campaigns, including the race between Indiana Sen. Richard Lugar and challenger Richard Mourdock in the Republican primary.
Republic Airways charts rebound for small jet unit
While turnaround plans at Frontier Airlines capture most of the attention, Republic Airways Holdings Inc. is also trying to revitalize its smaller Chautauqua Airlines unit.
Bird refutes report that he’s leaving Pacers
CBSSports.com is reporting that Larry Bird is ready to step down as president of the Indiana Pacers, but the NBA legend says he’s not yet made a decision on his return. Bird’s contract with the team is up at the end of the season.
Purdue ends $100M deal with research foundation
Purdue University has ended its dealings with a foundation that pledged a $100 million donation five years ago to help the school find commercial uses for its research.
Simon boosts dividend after gains in sales, occupancy, rent
Simon Property Group Inc. said sales at its U.S. malls jumped 11.2 percent in its most recent quarter, to $546 per square foot. Simon malls were 93.6-percent occupied, up from 93 percent.
As expected, Colts make quarterback Luck No. 1 pick
Six weeks after saying goodbye to Peyton Manning, the Indianapolis Colts handed Andrew Luck a blue and white jersey and the daunting task of leading a rebuilding team as its quarterback for the next decade.
Report: Rebates from health care law will top $1B
More than 3 million health insurance policyholders and thousands of employers will share $1.3 billion in rebates this year, thanks to health care reforms, a research group said Thursday. Indianapolis-based WellPoint Inc. is expected to return $94 million.
Indiana fairs, festivals await stage rigging rules
Organizers of some of Indiana's county fairs and small festivals are anxiously awaiting new rules governing the type of rigging involved in last summer's deadly State Fair stage collapse.
Zimmer profit up slightly, meets expectations
Indiana-based orthopedic implant maker Zimmer Holdings Inc. on Thursday reported a fractional increase in first-quarter profit on higher sales in all global regions, particularly the Asia Pacific.
Best Buy’s turnaround may pinch HHGregg
The struggling electronics chain Best Buy has launched a turnaround strategy that borrows more than a few pages from the playbook of competitor HHGregg.
Canal Walk popular, but full of opportunities missed
City leaders once envisioned the Canal Walk as a bustling pathway lined with restaurants and shops, but residential and office buildings have sprouted instead on most of the parcels along the meandering 1-1/2-mile stretch–making it more of a local amenity than a visitor attraction.
Plant upgrades might cost IPL nearly $1 billion
New federal mercury-reduction regulations may force Indianapolis Power & Light to spend nearly $1 billion to upgrade its coal-fired electric plants scattered around Indiana. Duke Energy is mulling everything from plant upgrades to shutting down older units.
Firm finds opportunity helping employers with hiring
Rushville-based Barada Associates Inc. specializes in helping business clients make good hiring decisions—services that have become more popular as companies find themselves inundated with eager applicants looking for work.