IU lands $8.5 million grant to renovate Riley hospital
Gift will be used for a pediatric research facility to better identify how genetic and environmental factors contribute to
diseases in children.
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Arrest made in Pizza Hut shooting
Police say an anonymous tip led to the arrest of two people in connection with the robbery and shooting of a Pizza Hut employee
Tuesday night. The suspects, Dustin Avant, 22, and Karlos Ward, 21, were arrested Friday morning. They face charges of robbery
with injury and criminal confinement for the shooting at the North Michigan Road restaurant. The victim, Terry Justice, remains
in stable condition at Wishard Hospital.
Girl assaulted in apartment
Indianapolis police are looking for a man they say sexually assaulted an 11-year-old girl. Investigators say the girl was
attacked in her Heather Ridge apartment complex near West 34th Street and Interstate 74 by a man with a semi-automatic handgun.
Police say the girl lived in the building. She is being treated and examined at Riley Hospital.
Gunmen shoot McDonald’s employee
Police say a woman was shot Friday morning while making a deposit at a bank on the northeast side of Indianapolis. The shooting
happened about 9:45 in the 2800 block of North Gale Street, near a fire station. Several firefighters witnessed the incident.
Investigators think the McDonald’s employee may have been cased by the suspects. Police said she was alert when they
arrived. Fox59 will have more at 4 p.m.
Shareholders sue to block deal to take Emmis private
The lawsuits, filed in Marion Superior Court, say board members have breached fiduciary duties by making no recommendation
on deal that, they say, will enrich Chairman Jeff Smulyan at the expense of minority shareholders.
Bioanalytical Systems names new chief executive
West Lafayette-based Bioanalytical Systems Inc. has promoted Anthony S. Chilton to CEO following the retirement of top executive
Richard M. Shepperd earlier this year.
Local businesswoman re-elected as chair of national group
Jean Wojtowicz will serve another one-year term leading the board of the National Association of Development Companies.
Chatham Tap owners ink deal for Fionn MacCool’s space
The owners of the popular Chatham Tap on Mass Ave have agreed to lease the 4,200-square-foot former home of Fionn MacCool's
on 116th Street in Fishers.
Weather, sponsors should boost Broad Ripple Art Fair
In its 40th year, event will feature 225 artists in a format expanded to two days.
Business inventories rise for third straight month
Total business sales rose 2.3 percent, the best showing in four months and the sixth straight gain in sales.
INSIDE DISH: Real estate deals central to success for Santorini
Shrewd moves have allowed restauranteur Taki Sawi to cement Santorini Greek Kitchen in Fountain Square and pave the
way for future expansion.
Lilly, others cut U.S. tax bills through transfer pricing
U.S. companies, including Eli Lilly, amassed at least $1 trillion in foreign profits not taxed in the U.S. as of the end of
last year. That cumulative total increased 70 percent over three years.
Duke Energy: Stimulus funds will save or create 1,000 jobs
Duke Energy has signed the agreement to formalize the $204 million in economic stimulus funds it will receive from the federal
government, the power provider said Thursday.
Work on northern Indiana hospital could start June 1
Community Health Systems plans to build a five-story, 250-bed hospital at the corner of U.S. 6 and Indiana 49 in Vaparaiso.
Construction is expected to cost about $225 million.
Renamed Conseco OK with less-flashy future
CNO Financial Group Inc., known as Conseco Inc. until May 11, has become almost the polar opposite of what it was under flashy co-founder
Steve Hilbert. Instead of high-octane growth driven by merger deals, CNO Financial has returned to profitability
by selling low-dollar products and emphasizing low-cost operations.
Duke Energy downsizes smart-grid plans
Duke Energy has dramatically scaled back its proposed “smart” electric grid rollout, five months after regulators rejected
an initial, $445 million plan.
IU targets tech-transfer gap
Indiana University is showing signs that it’s finally serious about translating research into commercial product, through
grants it is awarding via its $10 million Innovate Indiana Fund and by developing a computing technology mini-campus.
MZD wins account to market new diesel fuel product
The Indianapolis agency will start by producing Prime Lube’s materials for the upcoming Atlantic Regional Energy Expo trade
show.
Simon biding its time after failed bid for rival
Analysts predict Simon Property Group Inc. will pay off debt and wait patiently for its next opportunity after withdrawing
separate offers to either acquire General Growth Properties or finance its exit from bankruptcy. A New York judge had endorsed
a rival plan that allows General Growth to stay independent.