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The University of Massachusetts Board of Trustees on Thursday tapped Robert Caret to lead the the five-campus UMass system, choosing him over IUPUI Chancellor Charles Bantz and Philip Clay, chancellor of the Massachusetts Institute of Technology.
The West Lafayette-based drug development firm intends to sell 6.15 million shares for $13 to $15 apiece. That would fetch $80 million to $92 million.
Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006, RealtyTrac said Thursday.
The man convicted of shooting an Indianapolis police officer will stay behind bars after the Indiana Court of Appeals denied Brian Reese’s attempt to appeal. Reese was sentenced to 59 years in prison for shooting officer Jason Fishburn in 2008. Judges on the panel rejected Reese’s claims that prosecutors failed to prove their case. Fishburn is back on the job, but suffers from partial paralysis as a result of the shooting.
Police in Lawrence and Indianapolis caught a 19-year-old suspected of robbing and abducting a motorist Tuesday night. David Miller told police he had stopped his van at Harrison Point Apartments in Lawrence when he was approached by an armed man who ordered him out of the vehicle and demanded his cash. Then a second suspect showed up and ordered Miller back into the van, which they drove to a nearby bank. They then forced the victim to withdraw another $100 before setting him free and fleeing in his vehicle. Investigators tracked down the van in Indianapolis using the GPS feature on the victim’s stolen cell phone. After a short chase, police used a Taser to subdue and arrest Antonio Love, 19. They are still looking for the second suspect, who was not identified.
A truck driver was killed early Thursday after rear-ending another semi on northbound Interstate 65 in northwest Indianapolis. Police said the unidentified driver struck a truck that was pulling onto I-65 from the shoulder just before 5 a.m. A passenger in that semi was transported to a local hospital with unknown injuries. Authorities closed the northbound lanes of I-65 to traffic from 71st Street to the I-865 merge during the cleanup, which officials described as difficult because the violent force of the crash left the two trucks interlocked.
Emmis Communications’ share price soared 42 percent on Wednesday, a day after the company reiterated that it is “actively pursuing” the sale of some assets. CEO Jeff Smulyan says it's impossible to call a station sale imminent, but shares gained another 13 percent on Thursday.
The famed singer brought her A-game to Wednesday’s concert with the ISO.
The collection of superhero memorabilia, once displayed at a downtown Indianapolis museum, is being auctioned to satisfy a court order.
Gleaners Food Bank is wrapping up an ambitious capital campaign, announcing Wednesday that it has exceeded its goal despite the difficult economic environment.
Ceremony at Indiana Roof Ballroom on Feb. 17 will honor Michael G. Browning, David R. Frick, Stephen Russell and the late Eli Lilly.
Goldman Sachs & Co. analyst Jonathan Habermann expects a return of 5 percent to 10 percent this year after last year’s 29-percent total return for REIT stocks.
A report suggests allowing judges to sentence people convicted of lesser felonies to community corrections, which would help free up prison space for the state’s worst offenders and potentially saving more than $1 billion that would otherwise go toward building new prisons.
Neighboring states are plotting to take advantage of what they consider a major economic blunder and lure business away from Illinois.
Eli Lilly and Co. failed to win an FDA advisory panel’s recommendation to introduce the first pancreatic enzyme that isn’t derived from pig parts.
Indiana should take advantage of the opportunity to build a comprehensive exchange.
Anthem Blue Cross and Blue Shield’s share of the Indianapolis area has leveled off, even though it still insures more than half the commercial market—or three times as much as its nearest competitor.
Local companies are embedding stealthy video messages for high school and college students.
Another challenging year is in store for commercial real estate thanks to high unemployment, a still-struggling housing market and an unforgiving credit environment, Cassidy Turley plans to report Thursday at its annual State of Real Estate event.
A Minnesota judge has signed off on a plea agreement that calls for Boston Scientific Corp.'s Guidant unit to pay $296 million for failing to properly disclose changes made to some implantable heart devices, but added three years of probation to the deal.
