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More job losses coming at doomed manufacturing plant

Automotive Components Holdings, which makes hydraulic steering systems for Ford Motor Co., notified the state this week that it plans to permanently lay off 26 employees during the first two weeks of 2011.

Lender Oak Street acquired by New York firm

Carmel-based insurance lender Oak Street Funding LLC announced Thursday that it has been purchased by private equity funds managed by New York-based Angelo Gordon & Co.

Oaks Academy pondering how to fund a second location

Local leaders are encouraging The Oaks Academy to duplicate its successful urban private school model at a second location as part of the massive investment in near-east-side redevelopment spurred on by Indianapolis’ successful bid for the 2012 Super Bowl.

City seeks privatization of Velodrome

City officials are hoping that privatizing the Major Taylor Velodrome, which now is in disrepair, will breathe new life into the cycling venue built in 1982 as a key part of Indianapolis’ efforts to become a sports capital.

Di Rimini violations reveal holes in process that relies on trust

Brazen violations of city design guidelines and state building codes by the developer of the Di Rimini apartments cast a spotlight on what is essentially an honor system of regulation for developers once they win approval for their projects.

Local Fox affiliate fattens up on news

Since 2004, WXIN-TV Channel 59 in 2004 has gone from airing 18-1/2 hours of live local news a week to 54-1/2 hours. And if everything goes as planned, by the end of 2012 it will add a 6-7 p.m. newscast weekdays, bringing the total to an astonishing 59-1/2 hours.

SKARBECK: Changes on horizon for mutual fund fees

The U.S. Securities and Exchange Commission is proposing significant changes to the structure of the annual marketing or distribution fee on mutual funds known as a 12(b)-1 fee.

Critics say state ethics panel too lenient

The Indiana State Ethics Commission, which has been under fire for allowing a state regulator to take a job with a utility, has a long history of lenient decisions.

This election, take note of ‘opportunity cost’

I think it is an idea that separates those who make decisions from those who want to talk about them and, in application, is an idea that distinguishes serious from unserious people.

Eli Lilly will have to beat odds to meet drug-rollout goals

Eli Lilly and Co. executives have said repeatedly that the company’s bulging pipeline will produce two new drugs per year, beginning in 2013. But only three times in the past six decades has Lilly been able to launch two or more new drugs in back-to-back years.