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Spate of banking mergers may be just the beginning
First Merchants Corp. CEO Michael Rechin thinks a wave of bank mergers is coming—driven by financial institutions’ quest to increase profits in an environment where super-low interest rates continue to squeeze margins.
MORRIS: I’m from the government, and I’m here to help
Obama’s troubles might save us from his heavy-handed, second-term agenda.
ALTOM: When it comes to big purchases, don’t follow the crowd
The most popular tech product isn’t necessarily the one that is best for your business.
Athenaeum weighs bids for surface lot redevelopment
Three developers are competing to build a mixed-use project likely to include a parking garage on a surface lot adjacent to the historic Athenaeum building.
LOU’S VIEWS: In Indy Opera’s ‘Flying Dutchman,’ strong voices almost drowned by overdone visuals
Season closer tackled Wagner’s large-scale seafaring tale. Plus, thoughts on ‘4000 Miles’ at the Phoenix Theatre.
DINING: Sandwich shop Fresco no mere supermarket sidebar
Third in a month-long series of Cultural Trail restaurant reviews.
BENNER: Cricket-loving Mayor Ballard might be ahead of his time
The stakes are lower, but the odds higher, compared with previous mayors who took risks with sports.
Oesterle sells land to Angie’s List, reaping millions
Angie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property for its campus along East Washington Street. Now, the landlord and chief executive is pocketing millions more by selling Angie’s the property, at well above its assessed value.
Airport considers more parking changes
Indianapolis International Airport plans to tweak another parking area, this time designating 260 spaces closest to the terminal for people who intend to spend a short time inside.
Firms ladle trips, car allowances on top of rich pay packages
Senior executives at Indiana's public companies last year received, on average, more in perks than the typical Hoosier earned all year, IBJ found after reviewing Securities and Exchange Commission documents for more than 60 Indiana companies.
Critical questions follow reviewer’s departure from Indy Star
The state’s largest newspaper is mum on whether reviews will continue after the Friday resignation of its fine arts critic. Arts organizations are taking a wait-and-see attitude.
Canada’s Supreme Court won’t hear Lilly appeal on Zyprexa
Eli Lilly claims recent decisions by Canadian courts invalidating 17 drug patents have made the country an outlier among major developed countries.
Court upholds Indiana’s limit on civil damages
The Indiana Supreme Court has upheld the state law limiting punitive damages awarded in civil lawsuits and directs most of that money to a state victims fund.
Report: Roche mulls sale of blood-glucose monitor business
Roche Diagnostics Corp. is considering a sale of its blood-glucose meter business, a move that would cast uncertainty over the nearly 1,000 people working for its diabetes business in Indianapolis.
Herff Jones acquisition to form $1B company
Dallas-based BSN Sports will join the Herff Jones portfolio of companies and continue to operate as its own branded entity. Combined annual revenue is expected to top $1 billion.
Man arrested after threats
Police on Wednesday arrested an Indianapolis man whom they believe left a suspicious package at an alcohol and substance-abuse treatment center. Danny Anderson, 36, is accused of threatening employees at Fairbanks Recovery Center, 8102 Clearvista Parkway. Investigators say he left an envelope containing a crystalline substance that is being tested. Anderson was charged with making terroristic threats and intimidation.
Lottery jackpot hits $475M
The PowerBall jackpot has climbed to about $475 million, the second-largest in the game’s history, after the $360 million jackpot went unclaimed Wednesday night. However, an Indianapolis couple bought a $1 million ticket, the Hoosier Lottery said Thursday. The next drawing is Saturday night.
Boy critical after hit-and-run
A 7-year-old boy was critically injured in a hit-and-run incident Wednesday night on the southeast side of Indianapolis. Family members said they were preparing to cross East Troy Avenue at South Walcott Street just before 9:30 p.m. when the boy stepped into the road and was struck by a dark red older-model Oldsmobile Delta 88. The vehicle continued east on Troy. The boy was still in critical condition Thursday morning at Riley Hospital for Children.
Workers allege improper collection of union dues
The Indianapolis operations of a Canadian paper company and a Teamsters-affiliated local union violated Indiana’s right-to-work law, according to the allegations of six men who want out of the union.