Regulator suspends City Securities investment broker
The Financial Industry Regulatory Authority suspended a local broker for 20 days for allegedly executing client trades under his own discretion without written client consent.
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Hotel-record inspection law tossed out by U.S. Supreme Court
A divided U.S. Supreme Court threw out a Los Angeles ordinance that lets police inspect hotel registries without first getting a judge’s permission. Similar laws are in place in Indianapolis, Atlanta, Detroit, Seattle, St. Louis and Cincinnati.
A&E priority list includes PopCon, an original musical, more
At Conner Prairie, the Symphony plays “Pictures at an Exhibition” while pictures are created for an exhibition.
Company news
Eli Lilly and Co.’s shares have risen more than 5 percent this month—and more than 20 percent so far this year—as its pipeline has delivered a string of positive results. This month alone, the Indianapolis-based drugmaker has reported positive results from clinical trials of four experimental drugs. And next month, Lilly will release more data […]
Noblesville firm piling up phenomenal record at College World Series
In the three years since it was founded with $200 in startup capital, the three-person company has counted five of six of the teams making the College World Series final as clients. Could massive growth be far off?
Obamacare driving merger talk among big insurers
Driving the consolidation is the 2010 health law that put tougher rules on the industry, demanding more covered services, better care and a ceiling on profits.
Indiana sues Indianapolis-based test-preparation company
Attorney General Greg Zoeller's complaint alleges The College Network made personal loans for customers at high interest rates with payments beginning immediately, but that relatively few people actually complete its program and earn a college degree.
Cigna rejects $47B offer from Anthem as ‘inadequate’
Anthem on Saturday offered to buy the smaller health insurer, which responded Sunday with a litany of concerns and criticisms.
Long-time chairman of Lilly Endowment dies at age 86
Thomas Lofton, who died Friday, provided legal counsel to the Indianapolis foundation for decades before becoming its chairman in 1993.
Anthem goes public with $47B offer for Cigna
One of the stumbling blocks to a deal has been Cigna’s insistence that its CEO, David Cordani, serve as CEO of the merged company.
Cummins among winners in U.S. truck efficiency plan
U.S. regulators have delivered a victory for engine makers such as Indiana-based Cummins Inc. in a battle over greenhouse-gas emissions regulations for heavy-duty trucks.
State jobless rate drops to 5.1 percent for May
The Indiana unemployment mark is below the national rate of 5.5 percent for April and down from the state’s 6.0 percent mark in January.
Report: Simon attempts to sell holdings in rival Macerich
If true, the move could signal that Indianapolis-based Simon Property Group no longer is interested in acquiring the rival shopping-mall owner.
Rockstone pizzeria opens downtown, with Nora locale coming
The Rockstone is operated by Sahm’s restaurant chain owner Ed Sahm, who is expanding the wood-fired pizza concept beyond downtown and Fishers.
Office Depot shareholders approve $6.3B sale to Staples
The deal is part of a rapid consolidation in the office supply sector that has been hammered by technological changes in the workplace and by competition from online retailers.
Ball from Deflategate game heads to auction for $25K
The price tag for a football from last season’s infamous AFC Championship game between the Colts and Patriots has been inflated.
Pence defiant on religious objections law in campaign launch
Gov. Mike Pence launched his re-election campaign Thursday night by insisting he does not discriminate against anyone and taking a defiant stance against critics of the state's new religious objections law.
No 1,000-percent markups at Indy’s hospitals
But hospitals’ list prices in Indiana are more than three times what the federal Medicare program pays.
Judge tosses Angie’s List suit, but gives investors chance to refile
The lawsuit claimed the company’s 2013 reduction in membership fees undermined its previous claims about its business model, but a federal judge said the complaint was devoid of facts showing the damage from those cuts.