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Cardinal Wireless Inc. bought a 12,000-square-foot building at 6925 Hawthorne Park Drive. The price wasn’t disclosed. The seller, Newman Enterprises LLC, was represented by Keith Dedrick of Corporate Commercial Group. The buyer represented itself.
U.S. corn stockpiles are poised to be the smallest in 16 years by August and soybean reserves will be lower than the government expected, potentially accelerating food-price inflation in an election year.
A man who was shot in his car before driving into a house Sunday afternoon was likely the victim of multiple shooters, Indianapolis police say. William Newton, 30, was traveling south in a Dodge Charger on Indianapolis Avenue about 2 p.m. when he stopped at 28th Street. Witnesses say they heard as many as 10 shots erupt from another vehicle. A passenger in Newton’s car suffered minor injuries. Police said the shooters likely fled in a silver or gray Ford Fusion with Illinois or New York plates.
Former University of Notre Dame and Indianapolis Colts quarterback Blair Kiel died Sunday at age 50 after being rushed from a relative’s home to Columbus Regional Hospital. Kiel won a state football championship at Columbus East High School and was a four-year starter for Notre Dame beginning in 1980. He played in the National Football League for seven seasons, including the 1986 and 1987 seasons with the Colts. A coroner said Kiel died of natural causes, but tests are pending.
A suspect in a Broad Ripple gas station robbery was taken into custody following a short police pursuit Monday morning. Indianapolis police say the suspect robbed a Marathon gas station and store in the 2000 block of Broad Ripple Avenue about 7 a.m. before fleeing on foot. The suspect was apprehended a short while later in the 5900 block of Hillside Avenue, less than a mile from the station.
After the recession forced a freeze in its professors’ pay, IU’s flagship Bloomington campus boosted faculty salaries roughly 6 percent this year, vaulting its top professors’ pay past Purdue’s professors.
While some have argued that Reggie Miller doesn't have the resume to take over as Pacers' basketball operations boss, others think he would be the connection that draws fans back to the Fieldhouse in droves.
City officials are recommending that construction of the $15 million parking garage and retail project be denied because the property sits 4 feet below a flood plain.
Union attorneys are using a U.S. Supreme Court ruling that gave corporations and unions the green light to spend unlimited sums of cash on campaign ads as part of a legal effort to overturn Indiana's new right-to-work law.
The agent, called Amyvid, is not expected to produce high-dollar sales for Lilly, but it could help to identify patients with Alzheimer’s—and those without it—earlier, perhaps improving treatment and focusing research efforts.
Georgetown University Associate Provost and Dean Robert L. Manuel will become president of the University of Indianapolis in July, succeeding Beverley J. Pitts, who is retiring after seven years at the school.
For all the arguments in favor of school vouchers, there are opponents who say vouchers erode public schools by taking away money, violate the separation of church and state by giving public dollars to religious-based private schools, and aren't a proven way to improve test scores.
Until now, Indiana's Senate Republican primary race between longtime U.S. Sen. Richard Lugar and Indiana Treasurer Richard Mourdock has been dominated by television ads, millions of campaign phone calls and foment among Indiana's strong base of conservative voters:
A new state law that merges three longtime rule-making boards into a single panel is stoking concerns among business and environmental groups about what the shift could eventually mean for Indiana's environmental regulations.
Amelia Clark has been named vice president of community health at Meridian Health Services, a Muncie-based chain of primary and behavioral health care providers. She was executive director for the Jane Pauley Community Health Center in Indianapolis, which is part of Indianapolis-based hospital system Community Health Network. Clark holds a bachelor’s degree from IUPUI and a master’s degree from the Indiana University Center on Philanthropy.
West Lafayette-based Bioanalytical Systems Inc. did not renew the contract of Chief Financial Officer Michael Cox, instead replacing him with Jacqueline Lemke. Cox, who had been Bioanalytical’s CFO since 2007, will receive severance equal to his annual salary of $165,000, plus the value of his unused vacation days. Lemke, 49, previously served as Global CFO of Pendleton-based Remy International Inc. Prior to that, she was the finance chief of a division of Illinois-based Motorola Inc.
Warsaw-based Biomet Inc. has offered to buy the trauma products business of DePuy Orthopaedics Inc. for $280 million in cash. DePuy, a unit of New Jersey-based Johnson & Johnson since 1998, also is based in Warsaw. Biomet, which designs and manufactures orthopedic products for surgical and non-surgical uses, said the deal would greatly expand its sports, extremities and trauma business. DePuy makes artificial joints and other orthopedic devices. J&J is attempting to spin off DePuy’s trauma products business as it seeks to finalize its planned $21.3 billion acquisition of Swiss medical device maker Synthes Inc. The European Commission opened an expanded probe last November of J&J's bid to buy Synthes in a deal that would make J&J the leader in the $5.5 billion trauma device market. The Brussels-based regulator is expected to rule on the acquisition by April 26. Biomet’s offer to DePuy expires June 1 but could be extended under certain circumstances.
Carmel-based CNO Financial Group Inc. has agreed to pay $9.9 million to settle allegations by regulators in four states that its Bankers Life subsidiary acted as an investment adviser and broker-dealer without proper licensing. Bankers Life sells a mix of life insurance, annuities and Medicare supplement policies to middle-income earners near or in retirement. It has 1.3 million policyholders across the U.S. and 5,600 agents in 250 U.S. locations. CNO Financial will take a $10 million first-quarter charge related to the settlement, which calls for CNO to make payments to the states of Maine, New Hampshire, Vermont and Missouri and also cover "certain costs of the investigation." An audit revealed Bankers Life was operating in some states where it was not licensed by affiliating with licensed brokers and then steering customers into its annuity products, Maine's Office of Securities said in a statement to Reuters. CNO agreed to surrender the license for its broker-dealer subsidiary, BLC Financial Services Inc, to both the SEC and regulators in Illinois, where it is based. Financial advisers working for independent broker dealers will continue to sell Bankers Life products in the settlement states.
Nyhart, an actuarial and benefits consulting firm, has opened an office in St. Louis, its third expansion in 15 months. In 2011, Nyhart merged with an Atlanta public pension firm and prior to that acquired a business group in Kansas City, Mo. Nyhart has more than 1,000 clients in 48 states, managing $14 billion in pension plan assets. Heath Merlak, an actuary at Nyhart, will head up the new office.
Arizona-based Synergy HomeCare has established a new franchise in Indianapolis. Owners George and Denise Wright will provide 24-hour non-medical care to residents in Indianapolis, Carmel and Fishers. The company typically serves the elderly, those who are recovering from significant surgery and sickness, and new mothers. The new franchise has 10 caregivers but hopes to expand to 25. Synergy HomeCare now has 138 franchises in 37 states.
Waning demand for gasoline is putting the United States on course to miss a target for ethanol use for the first time, signaling no let-up in the slide in prices.
