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Development groups form alliance

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.

Flaherty nears deal for Cosmopolitan investment

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

Alex Slabosky, who ran the M-Plan HMO for 20 years, is retiring from IU Health and has been replaced by the hospital’s treasurer, Ryan Kitchell.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

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

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

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.

Also this week

“Christmas at the Zoo” opens Nov. 25 and runs through Dec. 30. Details here. 

A new group of artists has moved into the expanded arts space at the Circle City Industrial Complex. A preview Nov. 30 will give you a chance to see the space and introduce yourself to their work. More details on the south-side gallery here. 

 “Is That Your Reel Hair” returns to the Indy Fringe Building Nov. 25-Dec. 3. Details here.  

“Dorothy and the Wizard in Oz”

Nov. 25-Jan. 8

Children’s Museum of Indianapolis

 With all that goes on upstairs at the Children’s Museum, you might have forgotten that the museum has its own theater operating in the basement, with shows most days offered free with admission to the museum. You can find details of the Dorothy show here. 

“Heidi”

Nov. 25-26

Artcraft Theatre, Franklin

 Yes, it’s the old Shirley Temple film. No, it’s not brilliant filmmaking. But if your family is overstuffed and looking to get out after Thanksgiving Day, this is an opportunity to take the kids to see a film they probably haven’t already seen. And the Artcraft experience, as always, includes pre-show skits, prizes, a cartoon, and fresh popcorn. If you don’t make it this weekend, consider a Franklin visit Dec. 2-4 for “A Christmas Story,” Dec. 9-10 for “White Christmas” or Dec. 16-17 for “Christmas Vacation.”  Details here. 

“A Christmas Carol”

 

Nov. 25-Dec. 24

Indiana Repertory Theatre

You know the story. You probably even know the quality of the Indiana Repertory Theatre’s annual production. But you may not know about the “Oh! What Fun!” nights that may include live reindeer, live lobby music, cast talk-backs, marshmallow tasting, carolers and more. Details here.

Residential

The average rate for 30-year mortgages dipped from 4.25 percent to 4.24 percent for the week ended Nov. 16, according to Bankrate.com. The rate for 15-year mortgages fell to 3.47 percent from 3.5 percent.

Construction

Capitol Construction Services has completed the renovation of a 30,000-square-foot HHGregg store at 10101 E. U.S. Highway 36, Avon.

Dow drops after debt panel fails to reach deal

The Dow Jones industrial average lost almost 250 points after the special committee of Congress assigned to come up with $1.2 trillion in deficit cuts over 10 years indicated that there would be no deal.