Ex-prosecutor helps Ball State avert future fraud
The university first learned in September 2011 it had been the victim of an $8.1 million securities fraud, although officials say it began in 2008.
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Arts Council creates new $100K fellowships
Initiative pushes artists and arts organizations into community development projects with an emphasis on transformation.
City’s public works director leaving for engineering firm
Indianapolis Department of Public Works Director Lori Miser will join the local office of engineering firm HNTB Corp. as associate vice president of planning, the mayor's office said Friday.
ITT Educational shares soar on loan agreement
The Carmel-based, for-profit educator announced Thursday that it had secured a much-needed, $100 million loan.
Hamilton County man arrested for investment scheme
John K. Marcum, 50, was taken into custody Thursday after a federal grand jury indicted him on charges of criminal wire fraud, securities fraud and money laundering.
State’s Christmas tree growers celebrate strong season
After a crippling drought that was felt for several years, local growers are crowing about their first good season in recent memory.
IU trustees to vote on Assembly Hall renovations
Plans for the arena call for replacing the existing south lobby, adding a box seat club on the concourse level, improved lighting, and renovated concessions and restrooms.
IU’s proton therapy center closes after 2,079 patients
John Kerstiens, the center's chief operating officer and chief financial officer, said the staff's mood on the final day of the center's operation was fraught with emotion.
U.S. adds 321,000 jobs, the most in nearly 3 years
Hiring last month was broad-based but particularly concentrated in retail, temporary services and transportation and warehousing.
Growth-minded Vertellus buys Dow Chemical unit
Indianapolis-based chemical producer Vertellus Specialties Inc. has announced its second big acquisition in as many months, in a deal believed to be worth as much as $200 million.
Avanir’s Takeover Price Leaves Room for Counteroffers
Avanir Pharmaceuticals Inc. has reached a The Aliso Viejo, California-based company, which makes a drug to control symptoms of Alzheimer’s disease, this week agreed to sell itself to Japan’s Otsuka Holdings Co. for $3.2 billion, or $17 a share. That’s 4 percent lower than analysts’ average projection for where the stock would have traded in […]
Ice Miller names new managing partner
Steven Humke is set to take the helm of the city’s third-largest law firm Jan. 1, assuming duties from outgoing chief managing partner Phil Bayt.
School district closes funding gap with help from Fishers, township
Hamilton Southeastern Schools is selling three parcels of surplus land to the town of Fishers and Fall Creek Township, raising much-needed cash for the growing school district’s operations.
Ponzi scheme operator gets 20 years in prison
A former OneAmerica Securities Inc. representative who is already serving five years in federal prison for running a Ponzi scheme received a much tougher sentence Thursday in a local courtroom.
GE Global Research to invest $10 million in Purdue
Among the goals of the partnership are to lower manufacturing costs, improve speed and drive innovation. The partnership also will create educational opportunities for Purdue students.
Pence’s Board of Education overhaul wins backing
Indiana Gov. Mike Pence's call to overhaul the State Board of Education won the support of the two top legislative leaders Thursday, setting up what could be one of the most acrimonious education fights the state has seen.
Local business leader Bill Mays dies at 69
William G. Mays, who built one of the nation's largest minority-owned companies and saved one of its oldest African-American newspapers, died Thursday in Indianapolis on his 69th birthday. “Indianapolis has lost a titan of industry and philanthropy,” Mayor Greg Ballard said.
Regrets of ending an employer health plan
This spring, Keith Pitzele ended his company’s health plan and sent his workers to the Obamacare exchange. It was a bumpy experience he’s glad he won’t have to repeat next year. Does that mean most employers won’t follow suit?
Veteran Indy convention planner launches new division
One of the city’s best-known corporate meeting and convention planners, Meeting Services Unlimited Inc., is launching a division focused on smaller, high-end private parties.
Indiana Rail Road founder to retire next year
Thomas G. Hoback will retire from the Indiana Rail Road Co. on June 30, 2015, and CSX Transportation executive Peter Mills will take his place.