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Shareholders sued to temporarily block the sale of the public company, which is set to be acquired by JS Acquisition LLC,
a private
company formed by Emmis Chairman and CEO Jeffrey H. Smulyan.
July 30-31
Conner Prairie
Symphony on the Prairie returns to the classics with Russian conductor Andrey Boreyko and cellist Zuill Bailey sitting in
for a set that includes Tchaikovsky’s Fifth Symphony, Saint-Saens’ First Cello Concerto and Rimsky-Korsakov’s
“Russian Easter.” Details here.
July 29-31
Indiana Repertory Theatre
One of Terre Haute’s most notorious residents was Oklahoma City bomber Timothy McVeigh. Playwright Edmund White, fascinated
by the correspondence between the killer and writer Gore Vidal, created a fictional drama in which two similar men meet. The
result: his 2006 play “Terre Haute.”
Crossroads Repertory Theatre—a company based in the real Terre Haute—is bringing its Midwest premiere production
to Indianapolis for a one-weekend run. Details here.
Aug. 2
Hilbert Circle Theatre
The Heartland Film Festival doesn’t get rolling until Oct. 14. But that hasn’t stopped Heartland Truly Moving
Pictures from arranging for Rob Reiner’s latest film, “Flipped,” to get a special screening here before
its national opening. The director, along with actors Penelope Anne Miller, Anthony Edwards, and John Mahoney, are expected
to attend.
A Q&A session and dessert reception will follow the presentation.
The nostalgic PG film about first love also stars Aidan Quinn and Rebecca DeMornay as well as teens Madeline Carroll (“Swing
Vote”) and Callan McAuliffe.
For details, click here.
Pennsylvania’s tax revenue from commercial casinos approached $1.1 billion in the fiscal year that ended June 30. Indiana
was second with $878 million and Nevada third with $831 million.
Johnson County investigators say a 3-year-old girl died after choking on a hot dog. The little girl was being watched by a
17-year-old sitter at a home in Bargersville when she started choking. Someone called 911, but paramedics were unable to save
the toddler's life. The girl's name has not been released.
Police are looking for the person who drove into a 15-year-old riding a bicycle Monday night near West 71st Street and Georgetown
Road, then took off. The boy was taken to Wishard Hospital in critical condition with head injuries and a broken leg. Investigators
found the driver’s silver Volkswagen parked at Westview Hospital on Guion Road with the license plate removed. Investigators
say they have video of the driver leaving the scene and a blood sample from the steering wheel of the vehicle.
Two teenage males are being treated for gunshot wounds they received while traveling on Interstate 465 on the northwest side
of Indianapolis about 2:30 a.m. Tuesday. One victim was shot in the chin; the other shot in the arm. A third teen in the car
escaped injury. The group drove to a friend's house in the Royal Run neighborhood in Zionsville to call for help after
the shooting. It is unclear if the victims knew the shooter. Fox59 will have more at 4 p.m.
Economists watch the Consumer Confidence index closely because consumer spending accounts for about 70 percent of U.S. economic
activity and is critical to a strong recovery.
There are key issues not directly related to players' salaries that could derail negotiations between the NFL owners and
players for a new collective bargaining agreement, and Indy's 2012 Super Bowl.
Shoppers are demanding price cuts on already-discounted merchandise. And young adults are showing up in droves.
Financially troubled developer Lauth Group Inc. is looking for new office space after the company’s largest investor took
control of the building it now calls home.
Columbus-based diesel engine manufacturer raised its full-year earnings forecast after second quarter profit rose to $246
million.
The Indianapolis-based company reported second quarter profit of $2.5 million on increased sales of
its business communications software.
BP PLC says Tony Hayward will step down as chief executive officer on Oct. 1, to be succeeded by American Robert Dudley.
The state Department of Workforce Development says about 80,000 Hoosiers will get restored eligibility covering about 250,000
weeks of payments thanks to a federal law signed last week.
City-County Council members voted 19-10 Monday night to approve Republican Mayor Greg Ballard’s $1.9 billion plan to
transfer Indianapolis’ water and sewer utilities to Citizens Energy Group.
Clarian Health won approval to extend its network of contracted providers to 15 new counties as part of an expansion of its
Medicare Advantage insurance plan for seniors. A story in last week's Health Care & Reform Weekly implied the geographic
expansion was part of a different Clarian effort to launch a new health insurance plan for employers.
Riley Children’s Foundation received a $1.5 million pledge from the Jeff Gordon Children’s Foundation
to create a cancer research fund. The gift will create a $1 million endowment to fund collaborative research at Riley
Hospital for Children and the Wells Center for Pediatric Research at the Indiana University School of Medicine.
The remaining $500,000 will address immediate research needs at Riley hospital.
Indiana Spine Group will break ground on a 60,000-square-foot facility in Carmel on Aug. 2. The Indianapolis-based
physician practice says it will be able to provide care for any spinal disorder at the center. Located just south of the St.
Vincent Carmel Hospital, the facility will open in the fall of 2011. Indiana Spine Group will relocate its practice, which
is currently near St. Vincent Indianapolis Hospital.
Eli Lilly and Co.’s profits spiked 16 percent in the second quarter to $1.3 billion, or $1.22 per
share, handily beating expectations of Wall Street analysts. Revenue at the Indianapolis-based drugmaker rose 9 percent to
$5.7 billion in the quarter. The company raised its year-end profit forecast by a dime a share, to a range of $4.50 to $4.65,
excluding special items.
Zimmer Holdings Inc. also topped Wall Street expectations for second-quarter profit. The Warsaw-based maker
of orthopedic implants turned a profit of $165.5 million, or 82 cents per share. But it spent $86.5 million on legal claims
and an acquisition. Excluding those costs and special tax savings, the company would have earned $221.2 million, or $1.09
per share—four cents above analysts’ expectations, according to Thomson Reuters. Sales rose 3 percent to $1.06
billion.
