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Lost funding puts brakes on commuter buses

The expiration of a federal grant will halt a popular suburban commuter bus service at year’s end, but central Indiana transit advocates say it may be just a temporary stoppage.

IU surgeon Pescovitz dies in accident

Dr. Mark Pescovitz, a surgeon at the Indiana University School of Medicine, died Sunday in a car accident outside Ann Arbor, Mich., after visiting his wife, Dr. Ora Hirsch Pescovitz.

CIB finances faring better than expected

The Capital Improvement Board, through the first nine months of the year, was running $12.3 million ahead of budget, by posting $6.5 million more revenue than planned while cutting $5.8 million in expenses.

Murderer of 7 appealing sentence

The man convicted in the Hamilton Avenue murders is appealing his life sentence. The Indiana Supreme Court will hear Desmond Turner's appeal on Thursday. He was convicted in November 2009 of killing four adults and three children during a home-invasion robbery. Turner waived his right to a jury trial to avoid the death penalty. A judge sentenced him to life in prison without parole. "The judge was wrong in admitting certain evidence, and there is insufficient evidence to sustain the convictions,” Turner said.
 

Woman shot to death at gas station

A homicide investigation got under way Monday morning after a woman was shot and killed at a southeast-side gas station in Indianapolis. The shooting happened at the Marathon station near Southeastern Avenue and Sherman Drive. Police say someone drove the injured woman to another location on Albany Road where she was found. She was taken to St. Francis Hospital in Beech Grove, but died as a result of her injuries.
 

Weather brings delays, closings

Road crews were busy Monday morning, spreading salt and trying to prevent roads from becoming ice-covered. The Indiana Department of Transportation had more than 60 snow plows out on patrol trying to keep interstates clear, while Indianapolis had a full fleet of 75 trucks working the secondary roads and side streets. Fox59 News received more than 250 notices of closings and delays, as frigid temperatures along with blowing and drifting snow made travel dangerous for school buses.
 

Pacers’ attendance still lagging

Despite an improved team from last year, Indiana Pacers fans are showing up at Conseco Fieldhouse in smaller numbers this season.

Steak n Shake’s annual profit sizzles

The Indianapolis-based restaurant chain grew pretax profit in fiscal 2010 to $37.7 million, a 331-percent increase compared with the previous fiscal year.

Area home sales continue downward spiral

Home-sale agreements in the nine-county central Indiana region dropped 17.5 percent in November compared to the same month a year ago, the seventh straight month that year-over-year home sales have slumped.

Brightpoint making $80M acquisition

Indianapolis-based Brightpoint Inc. said Monday it has agreed to acquire Touchstone Wireless Repair and Logistics LP in an $80 million deal expected to close by the end of the year.

British mall owner rejects Simon financing plan

Capital Shopping Centres Group Plc, Britain’s biggest shopping-mall owner, rejected a financing plan that would have given potential suitor Simon Property Group Inc. a larger stake in the company.

Insurer Baldwin & Lyons names new CEO

Indianapolis-based Baldwin & Lyons Inc. has named Joseph J. DeVito its new CEO, replacing Gary W. Miller, who has led the insurer for 13 years.

You-review-it Monday

This week, I traded in live performances and galleries for movie screenings. How about you?