Private equity investor CID seeking $150 million
CID Capital hopes to raise $150 million for its latest private equity fund in a market that has been tough on similar funds.
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Buckingham Cos. nabs downtown Zionsville site
The prolific developer behind Indianapolis’ $155 million CityWay project is working on a plan to transform a key parcel in the heart of downtown Zionsville.
Could airport gambling idea take off?
Two gambling-industry lawyers see untapped potential in Indianapolis International Airport, which they argue is the ideal place to roll out wireless gambling technology and rake in revenue to support more nonstop flights, like the one United Airlines will launch in January to San Francisco.
Pacers land IEDC as court sponsor
The Indiana Pacers have brokered a deal with an unusual sponsor—the Indiana Economic Development Corp.—to become the first of 30 National Basketball Association teams to sell courtside ads emblazoned on the hardwood.
Kim: Rising confidence should lift stocks and economy
The primary impact of confidence on the economy is simple. If people think the economic future will be good, they’ll spend and invest. Thus, things will be good.
Ratings surge after Buchman arrives at WTHR
The debut of popular meteorologist Angela Buchman at WTHR-TV Channel 13 last month coincides with its newscast ratings' soaring like a cumulonimbus cloud on a hot afternoon.
Hicks: Welcome this debate, even if it ain’t pretty
Voters’ expressing only anger and frustration over D.C. politics simply won’t do. It is intellectually lazy, cowardly and un-American to wish that everyone should settle their argument like this is a school playground.
Daniels admits judgment error in think tank speech
Purdue University President Mitch Daniels admitted Thursday he made an error in judgment by delivering a paid speech at a fundraiser for a conservative Minnesota think tank after promising to avoid partisan politics while at the helm of the university.
Shutdown talks heat up, but no resolution yet
President Barack Obama and congressional Republicans groped inconclusively Thursday for a compromise to end the 10-day-old partial government shutdown.
Colts’ Luck signs with tech startup selling skullcap that rates impact
Indianapolis Colts quarterback Andrew Luck got an equity stake to join the sports advisory board of MC10, a technology startup that released its first commercial product in July.
Chicago firm building spec warehouse in Plainfield
HSA Commercial Inc. plans to break ground later this month on the 220,000-square-foot building in the Gateway Business Park near Columbia Road and Ronald Reagan Parkway.
Stonegate snares less than expected in IPO
The Indianapolis firm debuted Thursday on the New York Stock Exchange at $16 per share, well below the anticipated range of $20 to $22. In total, Stonegate’s 7.1 million shares garnered $114 million.
IndyCar’s de Silvestro not getting props she deserves
Despite having one of the greatest seasons for a woman behind the wheel of an American open-wheel race car, the 25-year-old Swiss driver isn't getting much attention this year.
Former Simon executive faces fraud charge
Federal prosecutors in Pittsburgh have charged Mark Palombaro of Carmel with a single count of mail fraud in connection with a kickback scheme.
CIK Enterprises changes name, plans more growth
The Indianapolis-based marketing technology firm now calls itself Perq LLC after consolidating its three companies into one.
New forms aim at voter fraud
Indiana Secretary of State Connie Lawson says she hopes the state's new voter registration forms will help curb voter fraud. Lawson unveiled the new forms Wednesday, saying they should help election officials track who registered each voter. The change comes after South Bend Democratic leader Butch Morgan was sentenced to jail in a vote-forgery scandal.
Residents escape apartment fire
Residents safely escaped a fire that damaged Abington Apartments on the northwest side Thursday just before 4 a.m. Investigators say the fire started in a kitchen in the complex near Georgetown Road and Interstate 65, causing heavy smoke.
Man injured in Circle Centre fall dies
A Texas man who was severely injured nearly four years ago while visiting Indianapolis for an FFA convention has died. Phillip Caler, 20, of Booker, Texas, died Sept. 29 and his funeral was Oct. 3, an obituary said. Caler had been in a coma since suffering head trauma and several broken bones in an Oct. 22, 2009, fall at Circle Centre mall. He was 16 when he fell 41 feet over a third-floor escalator railing.
Emmis dials up improving sales, but profit slows
The Indianapolis media firm’s radio and publishing divisions saw healthy increases in revenue in its latest quarter. The company also posted a profit, although much less than in the same period last year.