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Anderson-based I Power Energy Systems, a spinoff of Remy International that makes co-generation power units for buildings, has raised $2 million from investors. The private placement managed by Chicago-based David A. Noyes & Co. sold 16,000 series B convertible units at $125 each. Proceeds will be used in part to introduce products, increase marketing and […]
The Salvation Army is rethinking a request to demolish an historic home it owns next to its headquarters at Michigan and Alabama streets. The not-for-profit…
A male-oriented salon and spa across from Keystone at the Crossing has closed its doors for good. Co-owner Bernie Combs sent an e-mail to 4:59 barberlounge customers yesterday, saying the upscale salon was closing immediately after weeks of deliberation. “It has become quite clear that, while the concept is great and our clients love what […]
An auto parts manufacturer in Columbus will continue operating after union members overwhelmingly voted yesterday to accept wage cuts and changes to insurance and retirement benefits. Columbus Components Group, which operates a former Arvin Industries plant, notified its 400 workers Feb. 9 that the company would close as early as March 1, unless they agreed […]
Locally based White River Capital Inc. posted an $880,000 profit in the fourth quarter of 2008 but lost $14.4 million for the full year. White River is the holding company for a pair of subprime auto-loan firms: locally-based Union Acceptance Co. LLC and Virginia Beach, Va.-based Coastal Credit LLC. The company’s fourth-quarter profit of $820,000, […]
An Indianapolis police officer faces felony charges after investigators say he choked his 11-year-old daughter. Officer Andrew Dodd, 35, attended an initial court hearing this morning after being charged with one count of strangulation and two counts of battery. According to investigators, Dodds became angry when his daughter spilled milk on the couch and refused […]
Anderson-based I Power Energy Systems, a spinoff of Remy International that makes co-generation power units for buildings, has raised $2 million from investors. The private placement managed by Chicago-based David A. Noyes & Co. sold 16,000 series B convertible units at $125 each. Proceeds will be used in part to introduce products, increase marketing and […]
A prison guard who helped a double murderer escape from Rockville Correctional Center last year has been sentenced to eight years in prison. Scott Spitler pleaded guilty to “aiding escape” after hiding Sarah Pender in a van in August and driving her off the prison grounds. Pender was captured in Chicago five months later after […]
A mobile-phone service launched last spring by Carmel-based company ChaCha Search Inc., the human-assisted Internet search engine, has scored a large corporate advertiser. Kansas City, Mo.-based H&R Block Inc. has launched a mobile advertising campaign using ChaCha’s mobile-phone service as the outlet. Terms of the deal were not disclosed. H&R Block is running the campaign […]
An Indiana soldier is dead after contracting meningitis while stationed at a Missouri Army base. Officials have identified the soldier as Pvt. Randy Stabnick, 28, of South Bend. Stabnick died yesterday at a hospital in Springfield, Mo. He is the second soldier stationed at Fort Leonard Wood to die of meningitis. An Alabama soldier died […]
Indianapolis-based electronics and appliances retailer HHGregg Inc. plans to appoint a new CEO in August, when Jerry W. Throgmartin becomes executive chairman. The company’s current president, Dennis L. May, will take over for Throgmartin, a 33-year veteran of the chain who has served as CEO since 2003, HHGregg said yesterday. May, 41, joined HHGregg in […]
Environmentalist Robert Kennedy Jr. will speak at Ball State University this evening. The son of the late Sen. Robert Kennedy wrote the book “Crimes Against Nature.” He has also been named one of Time magazine’s Heroes for the Planet. Kennedy is scheduled to appear at Emens Auditorium at 8 p.m. The event is free and […]
Indianapolis-based WellPoint Inc. has agreed to pay $10 million to settle a New York probe into how the health insurer reimbursed customers for out-of-network services. WellPoint also agreed to stop using the Ingenix database of reimbursement rates that New York Attorney General Andrew Cuomo has called “defective and manipulated.” “WellPoint acknowledges the conflicts of interest in […]
Lower crude-oil prices helped Indianapolis-based Calumet Specialty Products Partners LP increase its fourth-quarter profit to $18.5 million – up from $7.8 million for the same period in 2007. But volatile pricing throughout 2008 took a toll on full-year results, with profit reaching just $44.4 million, compared with $82.9 million the previous year. Calumet, which processes […]
Indianapolis-based WellPoint Inc. has agreed to pay $10 million to settle a New York probe into how the health insurer reimbursed customers for out-of-network services. WellPoint also agreed to stop using the Ingenix database of reimbursement rates that New York Attorney General Andrew Cuomo has called “defective and manipulated.” “WellPoint acknowledges the conflicts of interest […]
Danica Patrick didn’t quite bare all in her most recent Sports Illustrated swimsuit issue. While there was an abundance of skin on display, there was one thing that didn’t show up; a tattoo…
As just about everyone expected, General Motors and Chrysler are back asking for more bailouts. Instead of
$17.4 billion, they now want $39 billion.
As part of its turnaround plan, GM plans to jettison Saturn, the brand launched in…
Call it Expedia for hospital systems. Community Health Network has spent three years developing a computer interface that allows doctors and nurses to view all information and records on a patient in one viewing program. Community calls it a virtual single patient record, or vSPR. It works in the same way Expedia pulls together the […]
The Indiana Senate has passed a bill that could spur counties to revamp their local governments. The GOP-controlled Senate approved the proposal 30-19 yesterday, sending it to the Democrat-ruled House for consideration. Supporters of the bill say streamlining local government would make the system more efficient and responsive, but opponents don’t see a […]
