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APPEL: Mergers and acquisitions will accelerate by midyear

Savvy Indiana business owners rightly wonder about the merger-and-acquisition and capital market outlook for 2013. Unfortunately, it is likely mixed, with a sluggish outlook for the first half of the year. However, many hope that, by midyear, there will be a pickup to end the year strong.

Blast suspect seeks venue change

The woman charged in the Richmond Hill subdivision explosion that killed two people wants her trial moved outside Marion County. James Voyles, defense attorney for Monserrate Shirley, filed a motion Thursday morning for a change of venue. Shirley, boyfriend Mark Leonard and his brother Bob Leonard were charged in December with murder and arson in connection with the Nov. 10 explosion that destroyed more than 30 homes. Dion and Jennifer Longworth died in the blast.

 

Ammo complicates house fire

Indianapolis firefighters faced an extra hazard late Wednesday night while battling a Franklin Township house fire when ammunition in the garage began exploding. Homeowner Nina Gregory and her three children escaped the fire without injury and warned emergency workers about the ammo. The home, in the 7800 block of Ithaca Way, suffered more than $200,000 in damage.
 

First lady undergoing surgery

The governor's office says Indiana first lady Karen Pence is having emergency gall bladder surgery Thursday. Gov. Mike Pence canceled a planned trip to southern Indiana to stay with his wife. A spokeswoman didn't have details about the surgery, but said she would provide updates later Thursday.
 

United Way lands $11M in grants from Lilly Endowment

United Way of Central Indiana will receive more than $11 million from the Lilly Endowment to boost its capital fund, combat poverty and provide professional development, the groups announced Thursday morning.

Republic to fly for American, buy up to $4B in aircraft

American Airlines has signed a 12-year agreement for Republic Airways Holdings Inc. to operate 76-seat regional jets. It also agreed to purchase up to 94 new aircraft from Brazilian plane maker Embraer.

ITT suffers tough quarter on enrollment drop, loan losses

ITT Educational Services Inc. shares swooned Thursday morning after the private educator reported sinking revenue and a $9.5 million loss in the fourth quarter. But the stock rebounded strongly later Thursday.

Lawmakers press Pence aide on school dollars

The Pence budget calls for roughly $6.4 billion in education spending in each of the next two years, with another $64 million for high-performing schools beginning the summer of 2014, at the start of the 2015 budget year.

Bill aimed at boosting Indiana casinos advances

The Senate Public Policy Committee voted 9-0 in support of a bill that would overhaul the state's casino taxes, along with allowing Indiana's 10 riverboat casinos to move inland to adjacent property and permit live table games at the two horse track casinos.

Unions suffer sharp decline in membership

Union membership plummeted last year to the lowest level since the 1930s. In Indiana, where a new right-to-work law took effect last March, the state lost about 56,000 union members.

Body found on northwest side

Indianapolis police officers discovered a dead body about 4:45 a.m. Wednesday after being called to a home in the 4500 block of Golden Meadow Court on the northwest side of the city. Police are withholding the identity of the deceased and cause of death in the early stages of their investigation.