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Waterworks proposes 35-percent rate hike

The Indianapolis Department of Waterworks today unveiled a capital-improvements proposal that would raise water rates for
the average residential customer by 35 percent, or $8 a month.

London hedge fund sues Brightpoint over failed acquisition

A London-based hedge fund has sued Brightpoint Inc. over a $10 million loan it alleges the Indianapolis-based cell phone distributor
fraudulently brokered in anticipation of an acquisition in France that never materialized.

Dow Agro to become Purdue research tenant

Officials of Purdue University and Dow AgroSciences unveiled a collaboration Wednesday in which the Indianapolis-based company
will become one of the largest tenants at the Purdue Research Park in West Lafayette.

Renovation planned for former Buick showroom

Builder and developer Shiel Sexton is renovating an historic former Buick showroom that most recently served as a self-storage
facility into LEED-certified office space.

Indy housing market getting some traction

The grueling years of the housing downturn in the Indianapolis area appear to be over, a real estate veteran says, but a full
recovery is one to two years away.

Purdue student-inventor nabs VC on TV show

A Purdue University student who invented a soy-based modeling dough walked away with a $300,000 investment after appearing
Tuesday on the ABC show “Shark Tank.”

City becomes hub of ‘cryo-cooling’ for truck trailers

Indianapolis is the new operating headquarters of a Ukrainian-American venture producing refrigeration units for semi trailers.
The move comes with the naming this spring of Thomas Roller as president and CEO of Ukram Industries. Roller is known locally
as former CEO of Indianapolis-based Norwood Promotional Products and of Fruehauf Trailer, which was based here in the 1990s.

Indiana hospitals settle Medicare lawsuit

Six hospital systems, including three in Indiana, have agreed to pay the federal government $8.3 million to settle a whistleblower
lawsuit alleging the hospitals deliberately overcharged Medicare for routine back surgeries.

Economy dipped less than expected in 2nd quarter

The recession faded in the spring with economic activity shrinking at a pace of just 0.7 percent, a better-than-expected showing
that buttressed beliefs the economy is now growing.

Panel discusses possible changes in redistricting

An interim legislative committee is likely to recommend that new guidelines be established for Indiana lawmakers to follow
when they redraw legislative and congressional maps in 2011, a state senator said Tuesday.

Indiana mine operations to close, costing 80 jobs

Peabody Indiana Services LLC notified the Indiana Department of Workforce Development on Monday that it will close its surface
mine operations at Francisco in southwestern Indiana, putting about 80 employees out of work.

Connecticut gets $25 million from Zyprexa lawsuit

Connecticut officials say Eli Lilly and Co. has agreed to a $25 million settlement with the state over claims the drug maker
marketed its anti-psychotic drug, Zyprexa, for unapproved uses and harmed patients.

Conditions placed on Indiana’s welfare rollout

A federal food stamp administrator has told Indiana’s human services chief that his staff must be consulted before the
state rolls out its troubled welfare-automation program to additional regions.

Regions Bank joins skyline

The Regions name and logo are joining the city’s skyline atop One Indiana Square.

Toll road operator among water-utility suitors

Among 23 firms that have expressed interest in operating Indianapolis’ water and sewer systems is Macquarie, the Australian
firm that operates the Indiana Toll Road under a 75-year, $3.8 billion lease. In July, the city asked companies to express
interest in operating the systems.