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ALTOM: Examining the pros and cons of Groupon

October 20, 2011

Even Groupon’s proponents sing its praises only warily, and its critics can be scathing in their condemnations. Yet, Groupon continues to grow.

Indiana making hay from Illinois’ tax mayhem

October 20, 2011

Many Illinois firms are serious about moving or expanding out of state—and Indiana economic development officials are racing to capitalize.

Local tech firm owner makes most of flexibility

October 20, 2011

About a year ago, Jon Arnold shuttered his technology firm’s office in Irvington, but not his company. He and his two employees now rely on technology to keep the company thriving as Arnold and his family spend a year traveling the country in a recreational vehicle.

NFP of NOTE: Society for Free Radical Biology and Medicine

October 20, 2011

The Society for Free Radical Biology and Medicine is an international association composed of scientists, investigators and clinicians with an interest in the research and medical application of free radical chemistry, redox biology and antioxidants.

Control of City-County Council hangs in balance

October 20, 2011

Several close City-County Council races this fall are expected to make the battle over which party controls Indianapolis’ legislative body fiercely competitive.

Marketing firm 5MetaCom focuses on clients with technical needs

October 20, 2011

Owner Chris Wirthwein insists the Carmel firm with growing billings serves Indiana companies within a two-hour drive.

Art museum CEO Anderson headed to Dallas

October 20, 2011

Achievements during Max Anderson's tenure included opening the 100 Acres art-and-nature park as well acquiring the Miller House and Garden in Columbus. However,  he also had to grapple with fiscal challenges that led to more than $7 million in budget cuts.

Honda undeterred by tepid Civic sales, reviews

October 20, 2011

Through September of this year, Civic sales were 167,384, down 15.5 percent from the 198,272 sold by the same point last year.

Salvage shop opening on East 10th Street

October 20, 2011

Two veterans of vintage ware are partnering to open the store on the near-east side corridor, which has seen a spate of redevelopment tied to the 2012 Super Bowl Legacy Project.

Jillian’s arcade games, bowling alley up for auction

October 20, 2011

An auction to liquidate the downtown entertainment complex will be held Oct. 26 to sell more than 100 arcade games, a nine-lane bowling alley and 12 pool tables. Jillian’s operators owed the landlord roughly $700,000 in unpaid bills.

Panel considering police entry law changes

October 20, 2011

An Indiana legislative committee plans to discuss proposals to change state law in reaction to a state Supreme Court decision that residents don't have the right to resist police officers who illegally enter their homes. The ruling drew protests that it violated homeowners' rights. A study committee appointed to look into the issue is to meet Thursday afternoon at the Statehouse in Indianapolis. Lawmakers said at previous meetings they wanted to better define when and how someone can resist police officers entering their home.
 

Two rescued from apartment fire

October 20, 2011

Indianapolis fire crews have contained a fire that broke out at Michigan Apartments at 3800 West Michigan St. in Wayne Township at 10:20 Thursday morning. Firefighters rescued two people from the third floor. No injuries were reported. One unit on the second floor sustained heavy damage. The cause is under investigation.
 

South-side accident clogs morning traffic

October 20, 2011

An accident involving a semitrailer clogged traffic Thursday morning on the south side of Indianapolis. Southbound lanes of Interstate 65 just north of the south split were closed for about two hours after the truck hit a bridge beam at Virginia Avenue at about 5:20 a.m. and spilled its load. No injuries were reported.
 

Kilroy’s gets liquor approval for Broad Ripple location

October 20, 2011

The Indiana Alcohol and Tobacco Commission voted 3-0 to give Kilroy’s a liquor permit for the location at 821 Broad Ripple Ave. despite protests from a neighborhood group.

BioCrossroads seeds upstart medical device maker

October 20, 2011

BioCrossroads’ Indiana Seed Fund has invested $300,000 in a startup company chaired by a former Eli Lilly and Co. executive developing an absorbable stent.

White’s request for Bayh investigation rejected

October 20, 2011

A prosecutor has turned down embattled Republican Indiana Secretary of State Charlie White's request for an independent investigation of his vote fraud allegations against former Democratic Sen. Evan Bayh.

LDI names new president as part of succession plan

October 20, 2011

J.A. Lacy, son of company chairman Andre Lacy, ultimately will ascend to CEO in 2013, when current chief executive David Shane is set to relinquish the top job.

ITT Educational’s enrollment, profit fall again

October 20, 2011

The Carmel-based operator of for-profit colleges posted a 27.8-percent drop in earnings while new-student enrollment fell 14.1 percent.

Profit falls at Lilly but meets Wall Street expectations

October 20, 2011

The Indianapolis-based drugmaker earned $1.24 billion in the three months ended Sept. 30, down 5 percent from the same quarter a year ago, even as revenue surged 9 percent.

Lilly diabetes drug wins approval for expanded use

October 20, 2011

Eli Lilly and Co. and Amylin Pharmaceuticals Inc.’s Byetta has received expanded approval for use with the world’s top-selling insulin to treat Type 2 diabetes.

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