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Heat blamed for local deaths

July 9, 2012

Authorities attributed at least three Indianapolis-area deaths to near-record temperatures. Saturday’s 105-degree temperature was 1 degree shy of the city’s all-time high, set July 14, 1936. Marion County health officials blamed heat for the deaths of a 92-year-old man and a 54-year-old man Saturday. The older man was found dead inside his unventilated home with only a fan. The other man was found dead outside, near his residence.

Skull found in White River

July 9, 2012

A skull was found Sunday night in White River on the south side of Indianapolis. A fisherman said he found the skull about 6 feet from the east bank near West Raymond Street and Bluff Road. The skull was turned over to the coroner’s office.

Bioanalytical taps accountant for turnaround

July 9, 2012

With spending running well ahead of revenue, West Lafayette-based Bioanalytical Systems Inc. ousts its CEO in favor of its CFO.

Hauke receiver files suit against his former accounting firm

July 9, 2012

The lawsuit accuses convicted money manager Keenan Hauke’s former accounting firm of negligence for failing to monitor Hauke’s bank accounts, enabling him to use investor funds for his personal use. Hauke was sentenced in March to 10 years in prison.

WellPoint shares jump after $4.9B deal for Amerigroup

July 9, 2012

Investors and analysts like the fact that WellPoint is playing more aggressively in government-sponsored health plans, such as Medicaid and Medicare, which are projected to be the key sectors for growth for the next several years.

Rolls-Royce wins $183M Army contract

July 9, 2012

The British manufacturer, which produces aircraft engines in Indianapolis, has scored a $183 million contract to service engines for the U.S. Army’s OH-58D Kiowa Warrior scout helicopters, the company announced Monday morning.

You-review-it Monday

July 9, 2012

What did you hear, see or do this weekend? And what do you think the crowd of sci-fi fans at InConjunction picked as the favorite end-of-the-world/dystopia movie?

Shelbyville racino operator settles with ex-manager Cordish

July 9, 2012

The operator of Indiana Grand Casino and Indiana Downs horseracing track in Shelbyville has reached a $3.5 million settlement with the property’s former manager, The Cordish Co., that helps pave the way for its reorganization.

WellPoint buying managed care firm for $4.9B

July 9, 2012

The Indianapolis health insurer is buying Virginia-based Amerigroup Corp. to expand in managed care for poor and elderly patients in the Medicare and Medicaid programs.

Sudden Duke Energy CEO shift puts Rogers in spotlight

July 9, 2012

Three former board members of Progress Energy Inc. said they would have voted against Duke's $17.8 billion takeover offer had they known Rogers would remain in charge of the combined companies.

Medicaid official rules against Indiana abortion law

July 8, 2012

Indiana's decision to deny Planned Parenthood Medicaid funds because it performs abortions denies women the freedom to choose their health care providers, a federal hearing officer said.

Pence goes on air with $1.4M in ads in governor’s race

July 8, 2012

Pence has not only hit the airwaves first, but he has hit them three times, with a series of touchy-feely pieces detailing his courtship with his wife, his history growing up in Indiana and a devastating storm which struck his hometown of Columbus.

Cousin wins minor damages in Mike’s Carwash lawsuit

July 6, 2012

A Hamilton County judge has ruled that a former co-owner of Mike’s Carwash Inc. receive just $140,000 in damages in a civil case that sought close to $30 million.

Hofmeister files bankruptcy reorganization plan

July 6, 2012

Hofmeister Personal Jewelers Inc. plans to pay off its creditors over seven years as part of the well-known Indianapolis retailer’s bankruptcy restructuring.

Burglaries on rise in Carmel

July 6, 2012

Carmel Police are warning residents about an increase in burglaries in the city. The city has received reports of at least 17 burglaries since June 1, including four over the July 4 holiday. In many of the burglaries, intruders knocked on the front door before breaking into unoccupied homes. If somebody answered the door, the suspects claimed to be selling magazines or looking for a lost pet.

Apartments damaged by fire

July 6, 2012

An apartment fire early Friday morning temporarily displaced two residents. Indianapolis firefighters quickly brought the blaze at Shadeland Court Apartments in the 3900 block of North Shadeland Avenue under control about 1 a.m. The fire damaged two units, but the residents were relocated to unoccupied units by apartment management. Damage was estimated at $25,000.

Person dies in south-side blaze

July 6, 2012

One person died in a fire on the south side of Indianapolis late Thursday night. Firefighters called to the 900 block of East Southport Road about 11 p.m. found fire coming from the northeast corner of a building that is used as a business and residence. The name of the victim was not released. Officials are investigating the cause of the blaze, which resulted in an estimated $175,000 in property damage.

Lilly gets 6-month Cymbalta marketing extension

July 6, 2012

Eli Lilly and Co. said Friday that it has received an extra six months of marketing exclusivity on the antidepressant Cymbalta, its biggest selling drug. The extension could mean more than a billion dollars in sales for the Indianapolis drug maker.

KIM: Compounding, Rule of 72 work for you if you let them

July 6, 2012

Saving/investing more and earlier is a simplistic strategy, but it requires discipline, patience and hard work.

Gubernatorial candidates agree to 3 debates across state

July 6, 2012

Republican Mike Pence, Democrat John Gregg and Libertarian Rupert Boneham are vying to succeed Republican Gov. Mitch Daniels, who is term-limited from seeking re-election in November.

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