INSIDE DISH: St. Elmo stakes out expansion plan
Co-owner Craig Huse's designs to create a 3,000-square-foot bar above the landmark eatery is just another example of Elmo's tradition-based evolution.
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Lottery giving away tickets
The Hoosier Lottery is trying to add to the excitement of Friday night's $312 million estimated Mega Millions jackpot by giving away hundreds of free tickets at three central Indiana retailers. The first 304 people at each location will receive a free shot at the jackpot. The giveaways started this morning and end Friday afternoon at the Village Pantry at 86th Street & Ditch Road.
Two arrested in Carmel after chase
A high-speed chase in Carmel early Friday morning ended in a crash and two people taken into police custody. Officers spotted a red Kia rental vehicle driving 100 mph on Keystone near 106th Street at about 3 a.m. They tried to pull the car over, but the driver took off. The car crashed at 146th Street and Greyhound Pass, where the road dead-ends. Police say the 57-year-old driver and a 29-year-old passenger appeared to be intoxicated.
Teen in custody after school shooting
A teenage boy was shot at a central Indiana middle school shortly before classes began Friday and a fellow student is in custody, state police said. The victim and a 15-year-old suspect are both students at Martinsville West Middle School, where the shooting took place. The victim was airlifted to Methodist Hospital about 30 miles away in Indianapolis and is “assumed to be in serious condition,” police said. The suspect had been suspended or expelled from school earlier in the week.
Sluggish demand for electric car forces layoffs at Ener1
Battery maker Ener1 has laid off about 3 percent of its 770 employees worldwide, partly because of lower-than-expected demand from the Think electric car being assembled in Elkhart. It had about 380 workers in central Indiana.
State unemployment rate drops to 8.8 percent
The February decline marks the first time the state’s jobless rate has been below 9 percent since December 2008. Still, the state lost 1,600 private-sector jobs and 6,300 government jobs in February.
Brightpoint settles lawsuit with vendor
The distributor of wireless phones agreed to drop its complaint, which accused a Massachusetts software provider of fraud and negligence in addition to breaching its agreement and warranty.
Butler University to close 102-year-old dance academy
Butler University said Thursday that it plans to close its Jordan Academy of Dance due to economic reasons. The academy, which has more than 200 students, ages 3-17, will shut down May 31.
Finish Line reports rise in quarterly earnings, sales
The Indianapolis-based retailer earned $34.3 million in its fiscal quarter, compared with $30.6 million a year ago. Revenue rose 2.7 percent, to $384.6 million.
High-rise living in midtown Indianapolis
Author Lorene Burkhart remains grounded despite her penthouse surroundings
Toning-shoe trend fading, but doesn’t trip up Finish Line
The toning trend in athletic shoes apparently has run its course. Sales of the oddly shaped shoes fell more than 45 percent in the fourth quarter for The Finish Line Inc., but the local retailer still posted improved profit and revenue.
Deputy prosecutor suggested fake attack on Wisconsin gov.
Johnson County Prosecutor Brad Cooper said one of his deputies resigned Thursday after admitting he sent an email to Wisconsin Gov. Scott Walker suggesting the Republican fake an attack on himself to discredit the public employee unions protesting his plan to strip them of nearly all collective bargaining rights.
No breakthrough in talks to end Indiana House walkout
Legislators from both parties threw cold water Thursday on optimism about a breakthrough ending the month-long boycott by Indiana House Democrats.
Maturing Chinese market gives WellPoint new prospects
Premiums for private health insurers in China are expected to rise to $90 billion by 2020 from $9 billion now, and WellPoint Inc. is angling for a big piece of that pie.
Demographic shift steers Lilly’s Asian operations
China remains a small market for Eli Lilly and Co. It generated $320 million in sales for the company in 2010, just 1.3 percent of its $23 billion in sales worldwide. But Lilly has big ambitions in China and is racing to capitalize on its rapid economic growth.
Cummins’ early start revs growth in China
Columbus-based engine maker Cummins Inc. has been building business in China for 30 years, long before many U.S. companies had even begun formulating a China strategy.Cummins now employs 8,000 people in China and racked up 2010 sales of $3.1 billion.
Can China maintain pace of economic growth?
People talk about China’s continued economic growth almost as if it is a foregone conclusion, but not all economists are so sure.
SPECIAL REPORT: Indiana companies charge into China
With economic growth in the United States sluggish, Indiana companies are joining the race to capitalize on the fast-growing Chinese economy—even as hundreds of millions of Chinese move into the middle class and adopt a Western-style thirst for goods and services.
IU Health cancels $73M project, acquires Gateway Plaza
Indiana University Health has canceled its plans for a $73 million administrative office building at 16th Street and Capitol Avenue and has instead purchased the Gateway Plaza tower at 10th and Illinois streets.
Hamilton County resource center aids entrepreneurs of all ages
Spun off from the Hamilton County Alliance as a separate not-for-profit in early 2010, the Entrepreneurship Advancement Center offers assistance to county residents who aspire to own a business.