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Chamber to merge with economic development groups
The Greater Indianapolis Chamber of Commerce will lead economic development efforts for central Indiana by merging with Develop Indy, Indy Partnership and Business Ownership Initiative, the groups announced Thursday.
IPS says it must cut $27 million from budget
The proposed cuts represent about 5 percent of Indianapolis Public Schools’ current budget. IPS Superintendent Eugene White will detail his spending-reduction plan on May 24 at the IPS’ central office building.
Good cholesterol may not lower heart risk, study suggests
Raising good cholesterol, a goal pursued by Eli Lilly and Co. as the next milestone in cardiac care, may not cut heart-attack risk, says a study that challenges the development of drugs that may someday generate billions of dollars in sales.
Greenwood sues bank to collect $917,000 letter of credit
The City of Greenwood says a Minnesota bank owes it more than $900,000 to pay for street and sewer improvements left undone by the bankrupt developer of a mobile home park along U.S. 31.
Pacers becoming locals’ dream, NBA’s nightmare
In terms of TV viewership and media coverage, there could be nothing worse for the NBA and its big-city sponsors than a Pacers-Spurs final. Naturally that makes Hoosiers smile all the more.
Fire damages Ransom Place garages, homes
Two garages and their adjacent homes were damaged by a fire Thursday morning in the historic Ransom Place neighborhood of Indianapolis. Multiple callers at about 3:45 a.m reported smoke and fire coming from two garages behind homes in the 800 block of California Avenue. Resident Michelle Kavanaugh and her two children, ages 5 and 10, safely escaped the home while the fire destroyed their garage, housing a 1992 Camaro convertible and family belongings. Fire officials estimate total damage at about $75,000.
Man found guilty of murdering musician
An Indianapolis jury on Wednesday found Allen Parker, 26, guilty of the murder of a well-known local musician. John Butsch, 59, was found dead in his Woodruff Place home in April 2011. Parker strangled Butsch while he slept and then showered, ate, drank and spent hours hanging out in the apartment. He faces up to 135 years in prison when he is sentenced later this month.
Man dies in Morgan County fire
A man was killed early Thursday morning by a fire that destroyed his Morgan County home. Firefighters were called to the home south of Mooresville along State Road 67 at about 2:40 a.m. and found heavy smoke and fire. A male in his 50s was found near the front door and pulled from the house, but he died a short time later. His identity hasn’t been released. The cause of the fire is under investigation.
New warehouse ends drought of spec industrial development
Construction on the 794,608-square-foot warehouse will begin in the next two weeks in the AmeriPlex Business Park, officials of Atlanta-based developer Industrial Developments International said. They hope to complete construction in December.
U.S. losing drug-research jobs to other countries
Eli Lilly and other big pharmaceutical companies are creating thousands of research jobs overseas as countries led by Singapore, Ireland and South Africa boost incentives.
Bloomington greeting card company closing plant
Sunrise Greetings said it will move operations by the end of the year to the Kansas City, Mo., headquarters of parent Hallmark Cards Inc., resulting in the loss of 93 jobs.
Lilly unlikely to gain from Plavix patent loss, analyst says
Indianapolis-based Eli Lilly and Co. and London-based AstraZeneca Plc aren't expected to have an easier time gaining more of the market for blood thinners dominated by Bristol-Myers Squibb Co.’s Plavix after the drug loses U.S. patent protection Thursday.
Signature Inns founder plans auto-care franchises
Honest-1 Auto Care hopes to open as many as 20 shops in Indiana over five to seven years and has tapped the founder of the Signature Inns chain to help lead the effort.
U.S. jobless claims hold steady for second straight week
The number of people seeking unemployment benefits was unchanged last week, suggesting some gains in the job market.
Indiana issues call for external audit of tax agency
Indiana budget leaders are looking for an external auditor to review the state Department of Revenue after workers discovered $526 million in errors in recent months.
Pacers’ Bird named NBA’s executive of the year
Indiana Pacers President Larry Bird was voted National Basketball Association Executive of the Year on Wednesday, becoming the first person to win the award after also receiving the league's MVP and Coach of the Year honors.
Indiana lottery seeking ideas from private firms
The Indiana State Lottery Commission endorsed a plan Wednesday to seek out private companies to take over some operations of the Hoosier Lottery, a state agency whose income has shrunk in recent years.
