Longtime CEO of Acorn Group real estate firm dies
Albert M. Donato Jr., 70, founded the Indianapolis commercial real estate and property management firm in 1988 and most recently served as CEO and board chairman.
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Albert M. Donato Jr., 70, founded the Indianapolis commercial real estate and property management firm in 1988 and most recently served as CEO and board chairman.
Two teenagers were injured when the car they were traveling in was hit by a train late Tuesday night on the northeast side of Indianapolis. The accident happened north of the intersection of Massachusetts Avenue and Rural Street. The car was driven by an 18-year-old girl who failed to beat the crossing gates, then was struck by the train as she tried to back up. The driver and a 15-year-old female passenger were taken to a hospital with unknown injuries.
Several residents of a west-side Indianapolis apartment complex were rescued from their balconies after a fire broke out Wednesday morning. Heavy flames were showing when fire crews arrived at Cambridge Station Apartments at about 6:45 a.m. All eight units, six of which were occupied, sustained fire and smoke damage. None of the residents were injured, but a firefighter was treated for minor injuries and two cats died.
More than 17,000 west-side customers were affected by a power outage at 8:30 Wednesday morning, and about 10,000 were without power a half-hour later. Indianapolis Power & Light Co. said the problem stemmed from a substation issue in Pike Township. IPL expected the power to be resolved by 11 a.m.
The bank said it will terminate all 450 employees at its office on the northeast side of Indianapolis as the troubled residential mortgage servicing provider prepares to sell a large portion of its assets.
Supreme Court justices strongly suggested Wednesday that they are ready to allow Arizona to enforce part of a controversial state law requiring police officers to check the immigration status of people they think are in the country illegally.
The complaints were quieter but still firm during the latest public hearing about plans for the Interstate 69 extension through southern Indiana.
Sales are brisk for Pacers playoff tickets. Not so much for Larry Bird on Broadway.
Ball State University plans to build a $25 million hotel in a building that will also have student-housing space, conference rooms and two restaurants.
RepuCare said the additional jobs will support growth in its staffing business as well as its business providing on-site health care to employers.
Lilly’s quarterly sales and profit fell due to lost patent protection on Gemzar and Zyprexa. But sales of antidepressant Cymbalta, blood thinner Effient, animal health products and sales in China grew by 20 percent or more.
The Indianapolis-based health insurer posted first-quarter earnings of $857 million, down from $927 million in the same period a year ago.
Chicago-based Selected Furniture LLC is planning to move its operations to Indiana, the manufacturer said Tuesday, creating up to 100 new jobs by 2014.
Celadon Group Inc. saw higher revenue and profit in its latest fiscal quarter, the Indianapolis-based trucking firm announced Tuesday night.
Former Indianapolis Airport Authority CEO John Clark has landed a six-month job in a business development role at Gary Chicago International Airport.
Indiana University Health announced Tuesday that it will give $75 million in additional funding over the next five years to ramp up research at the Indiana University School of Medicine and launch more clinical trials around the state.
Newgarden has been impressive through the first three races this season, and started on the front row of last week's race at Long Beach.
The Indianapolis-based not-for-profit network of health care centers said J. Cornelius Brown, who arrives from Swope Health Services in Kansas City, Mo., will replace the retiring Booker Thomas.
The Zionsville school board voted Monday to cut programs and lay off staff members in an effort to close a $2.5 million deficit in the school district’s general fund for the 2012-2013 school year. About 15 teachers were laid off, including elementary teachers and media specialists. Several programs also were eliminated: foreign language in middle school; band, orchestra and choir in fifth and sixth grades; and year-long art classes in the seventh and eighth grades. The teachers and programs may be restored if more funds are found. The district plans a referendum for more funding on the May 8 ballot.