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Indiana companies prepping for burst of acquisitions
Conditions are ripe for a barrage of mergers and acquisitions to take place this year.
Former Allison exec settles suit alleging bribery
A former China-based executive of Allison Transmission has agreed to drop a lawsuit that claimed the company won business by bribing foreign officials. But it's likely that the firm still must deal with scrutiny from the Department of Justice, according to one legal expert.
DeCoudreaux leaving Lilly for top job at Mills College
Alecia DeCoudreaux, the top attorney for Eli Lilly and Co.’s U.S. unit and an active community volunteer, will leave to become president of Mills College in California on July 1.
ChaCha lands $3M investment
The Carmel-based company said the latest round of financing extends a $20 million investment it received in October to fund an expansion of its signature mobile service.
UPDATE: ITT Educational profit gives shares a boost
Shares of ITT Educational Services Inc. rose the most in a year Thursday after the for-profit educator reported a fourth-quarter profit that beat analysts’ estimates.
Purdue planning new campus residence hall
Purdue University officials are pushing ahead with plans for a new campus residence hall that would house between 200 and 300 students and include a cafe and retail space.
BREAKING: Backhaul Direct plans expansion, 325 new jobs
Indianapolis logistics firm Backhaul Direct LLC will invest $1.7 million to grow its downtown operation, adding nearly 325 jobs over the next four years. State officials announced the expansion plans Thursday morning.
Brightpoint to re-enter the Polish market
Indianapolis-based Brightpoint Inc., which helps cell phone makers manage their supply chains, said Wednesday that it is re-entering Poland, a market it exited two years ago at the height of the global downturn.
Statewide smoking ban bill clears House committee
The Indiana House Public Health Committee voted 9-3 to endorse the bill prohibiting smoking in public places and indoor work sites—after it exempted casinos and pari-mutuel horse tracks from the ban.
Indiana House panel backs texting ban for all drivers
Drivers wouldn’t be allowed to send or read text messages on cell phones under a bill approved by an Indiana House committee.
Man gets 3 years in cemetery scheme
Mark Singer, who was convicted of scheming to steal as much as $27 million set aside to maintain the graves of people who had paid in advance for their funerals, has been sentenced to three years in prison.
Bill would make Indiana schools start after Labor Day
Republican Sen. Mike Delph of Carmel said it makes sense to start school after Labor Day because families would have more summer vacation time together.
UPDATE: Biden touts advanced vehicles in Greenfield
Vice President Joe Biden was in Greenfield, about 25 miles east of Indianapolis, on Wednesday morning to visit an EnerDel plant that received a $118.5 million Recovery Act grant in 2009 to expand its lithium-ion battery production.
Daniels’ budget proposal wouldn’t cut hearing aids
State budget director Adam Horst said he misspoke when he told the State Budget Committee last week that Daniels&’ proposal would eliminate Medicaid coverage for hearing aids.
GOP lawmakers push plan to expand charters
The House Education Committee is considering a bill to allow more charter schools, which are public schools that are free of certain state regulations. The bill also allows charters to share state transportation funds with traditional public schools.
Couple arrested in 2-year-old’s death
A mother and her boyfriend have been arrested and face charges in the death of the woman’s 2-year-old daughter. Tyneise Quiller was found dead inside their home at 201 Parkview Ave. in Indianapolis on Dec. 7. An autopsy revealed Quiller died of multiple blunt-force injuries. Her mother, 21-year-old Tiara Peoples, and 24-year-old Terrence Taylor are in custody, charged with neglect of a dependant causing death, a class A felony.
Sledding accident puts woman in coma
Noblesville resident Holly Jones, 20, is in critical condition and in a medically induced coma after a sledding accident on a hill in Forest Park. Jones was airlifted from Noblesville's Riverview Hospital to Methodist Hospital in Indianapolis Sunday night after the accident. Jones and her cousin were riding an inflatable tube and hit a dip in the hill, propelling her from the tube. She landed on the back of her head, causing a basal skull fracture. Jones’ parents said emergency workers told them there have been numerous sledding accidents on the hill in the past.
Icy conditions close area highways
Police say icy roads are causing accidents in parts of Indiana following a night of freezing drizzle. Traffic was moving slowly along Interstate 70’s eastbound lanes about 30 miles east of Indianapolis at 10 a.m. Wednesday after being closed earlier because of crashes. State police said traffic was moving slowly along Interstate 69 north of Indianapolis in Hamilton and Madison counties following several crashes and slide-offs. Portions of the highway had been closed for a time overnight due to the slick conditions. I-69 at the 10 mile-marker in Fishers was shut down until crews could clean up an accident, while more crews were assisting drivers sliding off the 116th Street exit ramp into a ditch.
Will Peyton Manning really be NFL’s highest-paid player?
Expect Colts quarterback to a sign back-loaded contract that he has no intention of playing out.