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IBJ wins 9 national journalism awards
IBJ won eight awards at the Alliance of Area Business Publications’ summer conference June 26 in Indianapolis.
LOU’S VIEWS: The King without kitsch and other Brown County pleasures
It didn’t occur to me on the drive down Interstate 65 for a Brown County getaway that I’d be returning with praise
for an Elvis impersonator.
Biglari invests $41M in Steak n Shake parent over 2 months
The CEO of the parent company of Steak n Shake spent $40.8 million to acquire more than 134,000 shares in May and June. He
now controls about 202,000 shares, or 14 percent of the 1.4 million shares outstanding.
Smart plug-in is audibly different from conventional model
The future of electric-powered automotive transportation is already sitting in the showroom of the Indianapolis Smart car
dealership at 4000 E. 96th St. It’s a European version of the plug-in Smart.
Central Indiana aims to become electric vehicle powerhouse
Central Indiana might be in line to tap hundreds of millions of dollars in federal grants and loan guarantees to energize
the rollout of plug-in electric cars and trucks. Both chambers of Congress are considering measures that would require the
Department of Energy to select up to 15 cities nationwide to participate in a national electric vehicle deployment program.
Thirst rises for liquor licenses in Marion County
Finding the golden ticket of a liquor license in Indianapolis can be tricky—and costly. All 321 permits allowed in Marion
County under a state quota have been allotted. Unless a restaurant is opening in an “off-quota” district, the
owner has to find someone willing to transfer an existing license.
Radio warrior Amos Brown’s style boosts ratings, influence
The WTLC-AM 1310 personality’s penchant for asking tough questions has made him one of Indianapolis’ most influential
community activists
and made his daily radio show—“Afternoons with Amos”—one of the city’s most popular talk shows.
Bond swaps cost city units $93M in penalties
Wall Street bankers for decades sold municipalities like Indianapolis on debt instruments called swaps as a safe way to reduce
borrowing costs and hedge against rising interest rates. In reality, the swaps were complicated bets that relied
on misguided assumptions, and taxpayers paid.
Delta Faucet adaps to new normal in homebuilding
The company's total employment is 1,345, down 43 percent from 2007.
Vera Bradley files for $175M IPO
The 28-year-old company reported profit in its latest fiscal year of $43.2 million on $288.9 million in sales.
NFP of Note: ACLU of Indiana
The ACLU of Indiana promotes, protects and defends the rights, liberties and freedom guaranteed to all people in our state
by the U.S. and Indiana constitutions.
Richmond factory being closed by new owner
Engineered Plastic Components decision will cost 75 workers their jobs at the former Innatech plant.
Daniels appoints trustees to IU, Purdue boards
Former chair of the National Endowment for the Humanities among IU appointments.
Toyota says 270,000 vehicles have faulty engines
Luxury Lexus sedans have potentially faulty engines, in the latest quality issue to confront the Japanese automaker after a string of massive recalls.
Canadian company buying Kruse auto auction
A long-running classic car auction in northern Indiana will continue under a Canadian company that is taking it over from
its founder who has faced financial troubles.
ArcelorMittal throws down gauntlet on gun law
Steelmaker’s decision to forbid guns at work despite Indiana’s new statute will likely spark a lawsuit.
Local union boss on GM talks: ‘They’re forcing this upon us’
Negotiations for wage cuts meant to grease the sale of a General Motors stamping plant slated for closure will proceed over
public protest of 650 local union
workers.
Police looking for men who tried to kidnap boy
Metro police are looking for two armed men who they said tried to kidnap a 10-year-old boy. The boy told investigator two
men were wearing black masks approached him and told him to come with them while he was walking home Tuesday near East 40th
Street and Guilford Avenue. When he refused, he said one of them took out a knife, asked to see his hand and then poked him
with it. The boy's hand injury was minor.
Police: Father shoots knife-wielding stepson
Investigators said it appears a man was protecting himself from his stepson when he fatally shot the 41-year-old Wednesday
night. Police said David Black, 41, suffered from schizophrenia and hadn’t been taking medicine. When police arrived,
the older man told investigators he had shot his stepson in the chest during an argument after Black approached him with a
knife and refused to drop it. The shooting happened in the 5100 block of Pin Oak Drive on the northwest side. Black was pronounced
dead at Wishard Memorial Hospital.