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MARCUS: A penny is not worth a cent anymore

October 21, 2010

Ordinary saving by the ordinary citizen became a self-destructive activity in the 1970s and has shown only little improvement since then.

Developer tied to Ponzi slides into bankruptcy

October 21, 2010

Sydney "Jack" Williams earned commissions by persuading dozens of investors, many with Indiana ties, to lend millions of dollars to a business that turned out to be fake.

Firm that ignored lawsuit now paying a hefty price

October 21, 2010

Tax-resolution firm JK Harris did not defend itself against a lawsuit and got pummeled as a result. Now, it’s brought in an attorney who’s trying to undo the mess.

NFP of NOTE: The Lawrence Township School Foundation

October 21, 2010

The Lawrence Township School Foundation ignites the power of community, connecting philanthropy and education to provide the resources needed for all children to excel.

Prospects for City Market brightening at last

October 21, 2010

New tenants include fresh-item vendors such as a florist and produce shop, in addition to more healthful prepared foods such as juice, crepes and freshly prepared soup.

MORRIS: Not all economic news is bad news

October 21, 2010

If we listen too much to the financial channels, it will make us want to bury our money in a hole in the yard and get a Rottweiler to guard it.

EDITORIAL: State can’t afford to keep townships

October 21, 2010

Indiana lawmakers are gearing up for another legislative session, and township government reform will return to the agenda. We hope proponents can finally hit a home run.

Gleaners Food Bank names new CEO

October 21, 2010

After a national search, Cindy Hubert, CEO of Indianapolis-based Second Helpings, will take the reins from longtime Gleaners leader Pamela Altmeyer in November.

State sues foreclosure consultants, alleging scams

October 21, 2010

Indiana’s attorney general is suing 10 companies for allegedly taking advantage of homeowners who turned to them for help saving their homes from foreclosure.

Analysts grill Lilly execs on strategy after setbacks

October 21, 2010

Wall Street analysts on Thursday demanded to know what new things Eli Lilly and Co. is planning since the company’s vaunted pipeline has failed to produce a drug that will boost revenue after a wave of patent expirations. The answer: Not much.

National jobless claims fall, but still elevated

October 21, 2010

Fewer people applied for unemployment benefits last week, but the drop wasn't enough to reverse a big increase the previous week.

Review: Max Weinberg Big Band

October 21, 2010

The drummer behind Bruce Springsteen and Conan O’Brian took center stage at Jazz Kitchen set.

Vera Bradley shares off to impressive start

October 21, 2010

Stock in the Fort Wayne-based company began trading Thursday morning at $16 but climbed as high as $23.90.

Cop fired for excessive force

October 21, 2010

An Indianapolis police officer is out of a job after the police merit board voted 4-1 this week to fire him for using excessive force during an arrest. Witnesses say Officer Nhat Nguygen choked a suspect he was trying to arrest during a domestic dispute in May. The merit board followed the recommendation of Chief Paul Ciesielski, who agreed Nguygen did use excessive force.

Armed man holds up gas station

October 21, 2010

Metro police are investigating an armed robbery of a northeast-side gas station.  Authorities received a hold up alarm about 3:15 a.m. Thursday from inside the Speedway gas station near 71st Street and Binford Boulevard. The clerk described the suspect to police as a black male, about 5 feet tall, dressed in all black, wearing a black bandana around his face and carrying a black semi-automatic hand gun. The suspect got away with an unknown amount of money and was last seen running toward Avalon Lakes Apartments across 71st Street.

Toyota recalls more vehicles

October 21, 2010

Toyota is recalling 1.53 million cars and SUVs, including about 740,000 in the United States, for brake fluid and fuel pump problems. The majority of the vehicles have a problem with the brake master cylinder, which could lead to weaker braking power, said spokesman Paul Nolasco in Tokyo. He said no accidents have been reported. The models affected by the latest recall include the 2005 and 2006 Avalon, 2004 through 2006 non-hybrid Highlander and Lexus RX330, and 2006 Lexus GS300, IS250 and IS350 vehicles, the company said in a news release. Over the past year, the automaker has recalled more than 10 million cars and trucks worldwide for a variety of problems, dealing a major blow to its reputation for quality.

INSIDE DISH: Entrepreneur eschews MBA, opens French cafe

October 21, 2010

Emilie Watch VideoEmilie Myers is getting all the practical experience she can handle as she and her mother (owner of Zionsville’s late The Pie Safe) try to push La Mie Emilie into the black.

Watchdog groups ask U.S. attorney to probe utility case

October 21, 2010

Two private watchdog groups have asked the new U.S. attorney in Indianapolis to investigate an ethics flap that has embroiled the Indiana Utility Regulatory Commission and Duke Energy.

Duke Energy

IU offering master’s degree in event tourism

October 21, 2010

The Indiana University School of Physical Education and Tourism Management at IUPUI will begin accepting students for the program next fall. The chairman of the school says the new degree fits well with Indianapolis’ mission to be a convention destination.

Home Health Depot acquires Arcadia subsidiary

October 21, 2010

The division purchased by Home Health Depot markets and sells home health related items via mail and online. Terms of the deal were not disclosed.

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