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Kmart closing Martinsville store

Kmart Corp. has notified the Indiana Department of Workforce Development that its Martinsville store will close Nov. 30, costing
48 employees their jobs.

Celadon manages profit amid tough conditions

Indianapolis-based Celadon Inc. said yesterday that it eked out a small profit in its fiscal fourth quarter, as the struggling
economy continues to batter the trucking industry.

Cook predicts blockbuster with new stent

Bloomington-based Cook Medical has won European approval for a new artery-opening device for the legs that it predicts will
be a blockbuster.

Denver group trying to lure Republic Airways HQ

Indianapolis-based Republic Airways Holdings Inc. and Southwest Airlines Co. will battle it out in a bankruptcy court auction
today for the rights to acquire Denver-based Frontier Airlines Holdings Inc.

Deal returns Steak n Shake to steakhouse biz

The Steak n Shake Co.’s announcement this morning that it plans to purchase Western Sizzlin Corp. for about $23 million
puts the Indianapolis restaurant company back in the steakhouse business for the first time since exiting it nearly a decade
ago.

DailyMed sales trim Arcadia losses

Arcadia Resources Inc. narrowed its losses in its most recent quarter as it started to accelerate sales in its highly-touted
DailyMed program, the company said today.

Republic Airways wins Frontier auction

Republic Airways Holdings won the bankruptcy court auction for Frontier Airlines today, buying the Denver-based carrier
for almost $108.8 million after rival Southwest Airlines Co.’s bid was rejected.

WellPoint stock bucks market plunge

News that the Obama administration might be willing to drop the idea of a government-run health insurance plan has given a big boost to Indianapolis-based insurer WellPoint Inc.

Developer’s fraud trial enters second day

Marion County prosecutors this morning began making their case that Christopher P. White knowingly wrote a bad check for $500,000
last year in a desperate attempt to save his Indianapolis-based development firm, Premier Properties USA Inc.

Dodson Group CFO to plead guilty to wire fraud

A former chief financial officer for The Dodson Group has agreed to plead guilty to wire fraud after admitting to stealing
$422,539 from the Indianapolis-based firm.

New health center to carry Jane Pauley’s name

Community Health Network and the Metropolitan School District of Warren Township will open a new community health center inside
the Renaissance School, at 30th Street and Post Road in Indianapolis, the two organizations announced today.

Lilly drops osteoporosis pipeline drug

Eli Lilly and Co. pulled the plug on yet another drug in its pipeline that was in the late stages of testing, further complicating
the company’s attempts to find revenue before losing patent protection on its bestseller.

BREAKING: Jury finds Premier’s White guilty

A Marion County jury this evening found Christopher P. White guilty of three Class C felonies related to a $500,000 bad check
he wrote last year in a last-ditch attempt to save his locally based development firm, Premier Properties USA Inc.

Indy Fringe part 3

Third in a series of blogs on experiences at Indy Fringe 2009. For more, click here and here.

I knew I had to hit the wall eventually.

That wall came in the form of what should have been a slam dunk on a kiddie basketball court. How hard is it to engage a willing
audience in a fun game of Bingo while playing a pair of silly characters?

BREAKING: Schrenker sentenced to 51 months in prison

Indiana money manager Marcus Schrenker was sentenced to 51 months in federal prison today in Florida on charges that he deliberately
crashed his plane to fake his own death and flee financial ruin, according to the Pensacola News Journal.