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Tiny bank claims Stifel Nicolaus duped it on securities

The Peoples State Bank of Ellettsville says it was duped three years ago into investing more than $13 million into auction-rate securities just before those markets froze up. Now it’s suing its broker, Stifel Nicolaus & Co., to get the money back.

California Pizza Kitchen to replace Alcatraz & more

California Pizza Kitchen plans to replace Alcatraz Brewing Co. on the first floor of Circle Centre mall. Alcatraz has occupied the space at the southeast corner of Illinois and Maryland streets since the mall opened in 1995. The Los Angeles-based chain does not currently have any restaurants in Indiana.

Lilly’s Solpura may lack data to prove effectiveness

Outside advisers to the FDA will meet Jan. 12 to review whether the drug should be approved for people with pancreas insufficiency caused by cystic fibrosis, chronic pancreatitis or other conditions.

Kokomo plant closure affects 75 workers

Kansas City-based Milbank Manufacturing Co. said it will close its Howard County plant sometime between March 8 and March 22. Milbank makes electric meter sockets.

You-review-it Monday

What did you see, hear or otherwise experience on the A&E front last weekend?

Duke Energy plans acquisition, new CEO

Duke Energy Corp. announced Monday an agreement to buy Progress Energy Inc. and put Progress CEO William Johnson in charge of what will be the largest U.S. utility.

Push for sweeping school changes picking up steam

Leaders of a school choice group and the Indiana Public Charter Schools Association are slated to be at the Statehouse Monday to talk about public support for proposals such as vouchers that would use taxpayer money to help send children to private schools.

Classroom

Legislators to debate bans on smoking, mobile phones

Lawmakers who want to ban smoking statewide and prohibit drivers from using handheld mobile phones have worked for years to sway opponents who denounce the bans as too much government intrusion. Now supporters say those arguments may be diminishing.

Arizona congresswoman shot, at least 5 killed

U.S. Rep. Gabrielle Giffords of Arizona was shot in the head Saturday when an assailant opened fire outside a Tuscon grocery store during a meeting with constituents, killing at least five people and wounding several others in a rampage that rattled the nation.

WTHR hires news director

Television news veteran Keith Connors will join WTHR-TV Channel 13 as news director Jan. 12, the local station announced Friday.