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Ex-ABA team seeks more from old TV-rights deal with Pacers

November 22, 2011

The Spirits of St. Louis Basketball Club LP, a defunct American Basketball Association team, claims it is owed even more TV revenue from the Indiana Pacers and three other NBA expansion teams than the teams are currently paying as part of a 1976 settlement.

JONES: Patent reform is mixed bag for life sciences companies

November 22, 2011

For Indiana’s life sciences sector, the change both raises hopes and creates challenges for continued growth.

IU Health is national player in multi-organ transplants

November 22, 2011

Unusual surgeries bring certain amount of prestige, but not a lot of profit.

Decatur Vein Clinic branches out

November 22, 2011

In little more than a decade, former Conseco director Dr. David Decatur has turned his single-office family practice into a multistate chain of vein clinics. A 14th location is planned.

Regulators approve deal on $2.65B gasification plant

November 22, 2011

Indiana regulators have approved plans for a $2.65 billion coal gasification plant at the Ohio River city of Rockport and a state agency's 30-year contract to buy its synthetic natural gas.

Muncie mom gets 4-year sentence

November 22, 2011

A Muncie mother who pleaded guilty to neglect of a dependent after nearly starving her infant son to death was sentenced Monday to four years in prison. Danielle Shrack, 24, blamed the crime on her postpartum depression and abuse she suffered during her childhood. Her 6-month-old son weighed just 8 pounds when he was taken from her home last November. Shrack’s husband, William, also pleaded guilty to the same charge and will be sentenced in January.
 

Interstate clogged by six-car crash

November 22, 2011

A multi-vehicle crash Tuesday morning closed northbound lanes of Interstate 65 between West 71st Street and Interstate 865 for about an hour. Police said six cars were involved in the accident, which occurred about 6:30 a.m. No injuries were reported.

Shelter overwhelmed with pets

November 22, 2011

Officials with the Humane Society for Hamilton County say they are in a crisis situation. The facility is already operating above capacity with nearly 600 animals, and more pet owners are dropping off animals as Thanksgiving nears. Rebecca Stevens, executive director of the shelter, said some people surrender their pets before the holiday because they plan to travel or host guests and don’t want to deal with an animal. The shelter is so full that it has animal cages in its lobby, kitchen and in offices. It plans a Black Friday adoption event featuring fees as low as $15 from 8 a.m. to 11 a.m. for any animal that has some black fur.
 

Ripken eyes Indy for major youth baseball complex

November 22, 2011

Officials for Ripken Baseball Inc., which operates two of the country’s top youth baseball facilities, are considering Indianapolis as a location for a major complex that could cost up to $20 million to build and draw thousands of players and spectators each year.

Study: State loses millions annually in online sales taxes

November 22, 2011

The report from the Indiana Fiscal Policy Institute says the state loses $40 million to $114 million every year in sales tax revenue from sales to online retailers such as Amazon.

Development groups form alliance

November 22, 2011

Business Ownership Initiative of Indiana has big plans for its 15th year, including a new location, a new partner and a new strategy for delivering its services.

Local software upstart sold after less than year in business

November 22, 2011

Indianapolis-based MyJibe LLC, an up-and-coming budgeting and personal finance software firm that was launched by two 20-something entrepreneurs last January, has already been acquired.

Flaherty nears deal for Cosmopolitan investment

November 22, 2011

The developer of downtown’s Cosmopolitan on the Canal is nearing a deal to sell a stake in the building to an investor in a move that could free up capital to launch a $24 million second phase.

Slabosky retiring from IU Health Plans

November 22, 2011

Alex Slabosky, who ran the M-Plan HMO for 20 years, is retiring from IU Health and has been replaced by the hospital’s treasurer, Ryan Kitchell.

Third-quarter economic growth revised downward

November 22, 2011

The Commerce Department said Tuesday that the economy grew at an annual rate of 2 percent in the July-September quarter, lower than an initial 2.5-percent estimate made last month. The government also said after-tax incomes fell by the largest amount in two years.

State unemployment rate inches up to 9 percent

November 22, 2011

Indiana’s jobless rate rose to 9 percent in October, up from 8.9 percent the previous month, marking the fifth straight month the state’s unemployment rate has risen.

UnitedHealth to acquire Medicare insurer XLHealth

November 22, 2011

UnitedHealth Group Inc. said it will acquire XLHealth Corp., a provider of managed care for chronically ill Medicare members. Indianapolis-based WellPoint Inc. had been considering a possible acquisition of the company.

Central Indiana district hires law firm to defend bus fee

November 22, 2011

The Franklin Township board voted 3-2 Monday night to fight a parent lawsuit aimed at forcing the district to restore free school bus service.

Union members rally at Statehouse against GOP plans

November 22, 2011

The Indiana AFL-CIO organized the rally to coincide with the General Assembly's pro forma "Organization Day" on Tuesday.

East Chicago casino pit manager charged with theft

November 22, 2011

Edward Rau III of Munster is accused of defrauding the Ameristar Casino by ordering dealers to give chips to a Chicago man who would cash them in and split the money with Rau.

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