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Dynamics in place to mint public companies aplenty

Indianapolis attorneys say numerous local private firms are on the IPO sidelines, mulling whether to try to capitalize on the strengthening economy and improving investor appetite for new issues.

Breeders rescue alpaca program

Two weeks after a barn fire near Greenfield killed nearly two dozen alpacas, breeders from around the state have donated animals and preserved a 4-H youth program. Susi and Wayne Melton provided the animals for the Hancock County 4-H Llama and Alpaca Club for 17 years. Then, the couple’s barn burned down and all 23 of their alpacas died. Alpaca breeders from as far away as Santa Claus and Terre Haute have donated animals to keep the program alive.

 

IU, Purdue ready for tourney tipoffs

The Indiana University men's basketball team is in Portland, Ore., getting ready for Thursday’s NCAA tournament game against New Mexico State. The No. 4-seeded Hoosiers will face the Aggies at 9:35 p.m. Purdue University starts tournament play Friday at 7:27 p.m. against St. Mary’s in Omaha, Neb.   
 

Police arrest 16-year-old in murder case

Indianapolis police said Wednesday that they have arrested a 16-year-old suspect in connection to the murder of a south-side man. Michael Evans, 31, was shot to death Tuesday morning in the 1800 block of Dawson Street. Detectives believe the suspect and the victim were involved in an argument before the shooting. The suspect is being held at the Marion County Juvenile Detention Center.
 

Colts fans need to take a deep breath and relax

Every move—whether it’s cutting Peyton Manning or dangling defensive end Dwight Freeney as trade bait—is being treated by fans as a referendum on the new leadership duo of Colts owner Jim Irsay and General Manager Ryan Grigson.

Big Brothers Big Sisters lands $1M from Taco Bell owner

Taco Bell owner Charlie Brown is topping off his longtime support of Big Brothers Big Sisters of Central Indiana with a $1 million gift. The gift is the largest by an individual in the not-for-profit’s history.

Supreme Court rejects Democrats’ election-chief challenge

The Indiana Supreme Court ruled unanimously Thursday that ousted Secretary of State Charlie White had been eligible to run for office in 2010, rejecting a Democratic challenge and clearing the way for Republican Gov. Mitch Daniels to appoint a replacement.

Carmel councilors want final say on city’s debt

Carmel City Councilor Eric Seidensticker on Thursday morning proposed an ordinance that would require the council to sign off on any additional debt. The ordinance is backed by at least five of the seven councilors.

Indiana Live parent seeks Chapter 11 loan extension

Indianapolis Downs LLC, parent company of Indiana Live horserace track and casino in Shelbyville, wants lenders to grant a one-year extension of financing for the Chapter 11 reorganization that otherwise would expire in April.

Life sciences firm plans to expand, add 46 jobs

Noblesville-based Helmer Inc. said it will invest $10.6 million to build a new manufacturing and headquarters facility at the Saxony Corporate Campus near Interstate 69. It plans to add the jobs by 2014.

Allison shares rise in first day after expanded IPO

Allison Transmission Holdings Inc. shares rose 1.7 percent in their trading debut Thursday after the Indianapolis-based manufacturer raised more than sought in its initial public offering.

Indiana panel passes new water quality rules

An Indiana regulatory panel passed new rules Wednesday aimed at protecting the quality of the state's waterways. The new rules are aimed at lowering the levels of pollutants released into waterways by companies.