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Local business bank parent reports third-quarter profit
Indiana Business Bancorp attributed its profit of 9 cents per share to higher non-interest income a lower loan-loss provision expense.
IndyCar has had ups, downs since Wheldon’s death
IndyCar officials have reason to smile with recent developments. Series CEO Randy Bernard also has reason to be very concerned.
Greenwood getting new police chief
Greenwood mayor-elect Mark Myers has named police veteran John Laut as police chief. Sgt. Laut serves in the department’s investigative division and has more than two decades of experience in law enforcement. The graduate of the FBI National Academy and IUPUI will take over Jan. 1 for Rick McQueary, who will return to the rank of lieutenant.
Burglars hit north-side phone store
A Sprint store on the north side of Indianapolis was burglarized early Friday morning. Police say two men used a rock to smash open the front door of the store at 71st Street and Binford Boulevard at about 12:30 a.m. Surveillance video shows the men breaking into filing cabinets, and taking cell phones and other electronic devices. The owner told police more than $20,000 of electronics were stolen.
City cutting 29 public safety workers
Indianapolis plans to cut 29 employees from the Department of Public Safety in an effort to save $1.1 million. The employees include two communication officials and 27 transcriptionists who compile police reports and other documents. Employees learned of the staff reduction Thursday.
IPS student arrested for gun possession
A 16-year-old Indianapolis Public Schools student was arrested Thursday for bringing a gun to school, according to police. The student was apprehended by Emmerich Manual High School security at about 2 p.m. after finding a .38-caliber handgun in his pants pocket. A school administrator called police after two male students were caught smoking in a restroom and searched. The student was charged with possession of a firearm and possession of a firearm on school property.
Former Colt opening downtown event venue
Former Indianapolis Colt Gary Padjen is turning a vacant 18,000-square-foot building near Lucas Oil Stadium into a venue he is hopeful will host everything from Super Bowl and other corporate parties to concerts and mixed martial arts bouts.
New renderings: $5M plan for amphitheater, trail in Fishers
The Town of Fishers this week unveiled plans to build a new outdoor amphitheater and multipurpose trail in its downtown district along 116th Street.
Oktoberfest organizers face bill for unpaid fairgrounds rent
Board members of the German-American Klub of Indianapolis could be personally on the hook for more than $20,000 in unpaid rent at the Indiana State Fairgrounds.
Downtown’s Nestle Inn under new ownership
Nearly 12 years after opening Nestle Inn Bed & Breakfast, Steve and Barb Tegarden decided to sell the business at 637 N. East St. to marketing and hospitality veteran Leesa Smith and her husband.
Republic Airways hires GE unit to cut fuel bill
Indianapolis-based Republic Airways Holdings Inc. said it has hired GE Aviation to help it analyze and reduce its spending on fuel.
Shoe Carnival quarterly earnings rise 15 percent
The Indiana-based footwear and accessories company reported Thursday that its earnings rose to $10.5 million for the period ended Oct. 29, up from $9.1 million a year ago.
Packaging company plans to add 63 jobs in Lawrenceburg
Toronto-based IntraPac said it will move operations from New Jersey to the southeastern Indiana town and build an 80,000-square-foot plant that should open in February.
Venture firm set to score on Angie’s List, Groupon IPOs
Battery Ventures’ investments in Angie’s List Inc. and Groupon Inc. have produced more than $440 million in paper profit after the Internet-commerce companies sold shares to the public this month.
IU unveils $15M donor for biz-school expansion
Bigger and better surroundings for undergrads at Indiana University’s Kelley School of Business will be named Hodge Hall, in honor of an alumnus James Hodge, who is giving $15 million for the project.
State lets Occupy Indy protesters keep small camp
Indiana officials are declaring détente with Occupy Indy demonstrators after the protesters removed much of their camping equipment from the Statehouse lawn.