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Police warn about utility worker scam

Police are searching for a scam artist who pretends to be a city utility inspector. So far, the thief has targeted older women
in locations including Clinton County north of Indianapolis, Cicero, Zionsville and Speedway. Investigators say the scammer
gets the victims to go behind their homes with him, instructs them to wait outside, then goes inside and steals valuables.

Business inventories rise unexpectedly

Businesses unexpectedly increased their inventories in October, halting a slide of 13 consecutive declines. The small gain,
along with a fifth straight increase in sales, raised hopes that businesses will begin restocking their depleted shelves,
helping support the economic recovery.

Police probe possible murder-suicide

Police are investigating an apparent murder-suicide that happened Thursday night at the John Marr Apartments on the north
side of Indianapolis. A man and woman died of gunshot wounds. Names were not disclosed. Police are awaiting the coroner’s
findings before releasing further details. Fox 59 will have more at 4 p.m.

Dormir acquires two sleep companies

Carmel firm using $12 million in venture capital for buying spree is now nation’s second-largest operator of sleep centers.

‘Kirkus’ killed

“Kirkus Reviews,” one of the leading sources of book criticism, has folded. Why you should care.

General Growth deal would extend Simon’s mall dominance

Wall Street analysts have described the potential sale of Chicago-based General Growth Properties as a “once-in-a-lifetime
opportunity” for a company to make “the deal of the decade” in the shopping-mall business.

Arts group names president

David Lawrence, who has been acting president at Arts Council of Indianapolis since July, continues the task of leading an organization that has seen its
funding fall dramatically in the past year.

Retail sales rise more than expected

The government’s report came as a surprise because the nation’s retailers have been reporting generally lackluster results
for the start of the holiday shopping season.

Steel Dynamics expects drop in 4Q earnings

Steel Dynamics Inc., the nation’s fifth-largest producer of carbon steel products, said Thursday it expects fourth-quarter
earnings to decline from third-quarter levels due to lower shipments and weaker profit margins at its metal recycling operations.

Basketball tournament expansion could pay off for NCAA

The NCAA might expand its annual men’s tournament from the current three-week, 65-team format
to one featuring an added week and a whopping 96 teams. Proponents of the plan say it will generate a bigger
television rights-fee deal for the not-for-profit NCAA, which disperses 95 percent of the income to member institutions.

NCAA discusses expanding basketball tournament

Talk of expanding the NCAA tournament is almost always done in public, most notably by Syracuse coach Jim Boeheim in 2006.
Now, the Indianapolis-based NCAA is looking into it behind closed doors—at least preliminarily.

Obama reforms not necessarily dire for Sallie Mae in Indiana

The plan to nationalize the federal student loan program threatens to force Sallie Mae
to hack its network of 26 offices down to five. Yet the company’s Indiana operations have several advantages that could
help weather the cuts.