Bernard ousted as CEO of IndyCar, sources say
IndyCar Series owners have fired CEO Randy Bernard, sources familiar with the situation told IBJ on Friday afternoon. IndyCar officials are denying the firing.
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Motorcyclist killed in collision
A motorcyclist died after an accident at about 10 p.m. Thursday on the southeast side of Indianapolis. Investigators say the cyclist crashed into the back of a Volkswagen Jetta that was stopped in traffic in 1900 block of South Emerson Avenue. Police don’t believe the man was wearing a helmet.
School locked down after robbery
A bank robbery sparked a lockdown for Franklin Community Schools on Friday morning. Police set up a perimeter to search for the robber after a MainSource Bank branch on Banta Street was held up at about 9:45 a.m. He was not found. The same bank was held up by an armed man Oct. 17.
Man shot after apartment break-in
A man was fatally shot at about 6 a.m. Friday after breaking into his ex-girlfriend's apartment on the west side of Indianapolis. Police say the woman received a protective order requiring the man to stay away after a January break-in. The woman, her four children and another man were in the Wyckford Commons apartment, near Interstate 465, at the time of the shooting.
Republic Airways inks aircraft deal with Caesars
Republic Airways Holdings Inc. said Friday that it had agreed on a three-year deal with casino giant Caesars Entertainment Corp. to operate five Embraer E190 aircraft that will provide more than 1,500 flights each year for Caesars' customers.
Developer gets OK for second phase of apartment project
Trinitas Ventures of West Lafayette plans to break ground next spring on a $20 million student housing project on Indiana Avenue with 214 units. The developer already has built 253 units on the site.
U.S. economic growth shows only slight improvement
The U.S. economy grew at a slightly faster 2-percent annual rate from July through September, buoyed by more spending by consumers and the government. Still, growth remains historically anemic, and exports and business spending are weakening.
Ballard to nix parts of council budget
Mayor Greg Ballard plans to sign a $1 billion budget plan approved by the Indianapolis City-County Council earlier this month, but only after using his line-item veto powers to kill major portions of it.
Owner rejects bids for western Indiana historic site
The owner of western Indiana historic site Billie Creek Village has decided to not sell it to any of the top bidders from last week's auction.
Florida payroll provider moving to Indianapolis, adding 59 jobs
Beyond Payroll LLC, which said it will add the jobs by 2106, is leasing 2,000 square feet of space in the downtown Stutz Building.
ExactTarget eyed as attractive takeover target
Indianapolis-based ExactTarget Inc., the fast-growing e-mail marketer that went public in March, is likely being looked at as a possible takeover target by software giants including Microsoft, Oracle and SAP, according to industry experts.
City paying $2.3 million to 2 hurt in officer’s crash
The city of Indianapolis will pay $2.3 million to two people seriously injured when their motorcycle was struck by a police cruiser driven by an officer allegedly driving drunk.
Gregg tries to tie Pence to Mourdock in debate
Democratic gubernatorial candidate John Gregg worked to score political points at Thursday night’s debate by trying to tie Republican opponent Mike Pence to embattled U.S. Senate nominee Richard Mourdock.
Zoo building impressive fundraising record
The Indianapolis Zoo has reeled in $25 million of the $30 million it’s seeking for a capital campaign that will pay for a new orangutan facility, among other projects.
Church caught up in nightmare after life insurance scheme sours
The Lindberg Road Church of Christ in Anderson has filed for bankruptcy protection because of a failed plan to finance construction on its properties. The plan involved buying life insurance on elderly members, with the intent to sell the policies later on the secondary market.
Indiana manufacturers see momentum vanish
The state lost an estimated 1,400 manufacturing jobs in September, the U.S. Bureau of Labor Statistics reported, and a wave of layoff announcements in recent weeks suggests steeper declines are coming in the year’s final quarter.
PROXY CORNER: Shoe Carnival Inc.
Evansville-based Shoe Carnival Inc. operates 345 shoe stores in 32 states and Puerto Rico, in addition to selling through its website, shoecarnival.com.
Small businesses share space to find efficiencies
Popular waxing spa The Naked Monkey is set to open its third location Nov. 1—a “Mini Monkey” inside MDG Salon | Studio’s new space downtown. The independent businesses are sharing space to cut costs.
Construction
-Capitol Construction has completed a 14,400-square-foot office build-out for VMS BioMarketing at 10333 N. Meridian St., Carmel.
-Capitol Construction has completed a 7,200-square-foot office build-out for Spotfreight at 445 N. Pennsylvania St.
-Capitol Construction has completed a 2,000-square-foot interior renovation of a Bob Evans restaurant at 7525 E. 96th St.
-Capitol Construction has completed a 2,000-square-foot interior renovation of a Bob Evans restaurant at 159 S. Marlin Drive, Greenwood.