Repairs being made after Indianapolis crane crash
The Rathskeller opened for lunch Tuesday, and the YMCA branch inside the Athenaeum Building will reopen in a limited capacity on Wednesday.
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Health costs surge despite weak inflation
Ben Bernanke may be worried about deflation in the economy, but there’s certainly no chance of it in health care and
insurance. Employers’ health plan premiums surged another 8 percent this year, according to results from a massive survey
by Indianapolis-based United Benefit Advisors.
Robberies strike Waffle Houses
Lawrence police are investigating a possible connection in two armed robberies at separate Waffle House restaurants in Indianapolis.
A man armed with a handgun stole the cash register at the Waffle House at 7290 Pendleton Pike about 1:30 a.m. Tuesday. Officers
stopped a black Ford Taurus that may have been used as the getaway car, but did not find the man matching the robber’s
description. Police wonder whether the crime is related to Monday’s robbery of a Waffle House near East 21st Street
and Post Road.
Rathskeller reopens after crane accident
The Rathskeller restaurant in downtown Indianapolis has reopened a day after a 30-ton crane collapsed on its patio, setting
off the sprinkler system. Water damaged parts of the building, but the manager said workers have been able to clean up the
mess. It's still unclear when the YMCA at the historic Athenaeum would reopen. That part of the building suffered structural
and water damage.
Straub: No intention of resigning
Indianapolis Public Safety Director Frank Straub said Tuesday morning that he has no intention of resigning. Straub said the
department will get through the current turmoil brought on by several high-profile cases involving police misconduct or mistakes.
Over the weekend, Straub announced the demotion of three high-ranking police officers, citing lack of leadership in the botched
investigation of officer David Bisard. Members of the Baptist Alliance called for Straub’s resignation at Monday night's
City-County Council meeting. Fox59 will have more at 4 p.m.
Penn Arts developer buys another historic Indy apartment building
A prolific developer of urban apartments has acquired another building near downtown and plans to turn it into an affordable
artists' community.
O’Reilly Auto Parts wants to kill ORP racetrack moniker
Auto parts retailing giant bought the naming rights to the NHRA facility in Indianapolis, and it wants its money's worth.
But the transition could be challenging.
Noble expands into eastern Indiana
Provider of employment services for people with disabilities expands services to six more counties in an effort to grow revenue.
ExactTarget acquires Australian distributor
E-mail marketing firm’s purchase of mPath gives company a presence in Australia, New Zealand and Asia. The acquisition is
the third for ExactTarget in the past year.
Couple makes home in Ulen mansion built by town’s founder
The talk of the town back in 1929, the Mediterranean-style house at 118 Ulen Blvd. is now simply home for husband and wife
Gary Katona and Jennifer Jones-Katona, former Indianapolis city dwellers who retreated to the quiet “town within a town”
15 years ago.
Two reasons for optimism about a local housing recovery
Pending sales are shooting up this month, and list prices are edging up over the long haul, a broker notes.
SHEATS: Make sure you’re treating your windows right
Well-designed window treatments can provide a multitude of benefits.
Ward, Vargas take top All-Star Agent spots
IBJ has compiled its All-Star Agents lists annually since 1997. Agents are ranked by their sales volume over a two-year
period.
Purdue University staff could get early-retirement offer
A university committee said an early-retirement offer could reduce salary and benefit costs, and eliminate the need for layoffs.
Elwood Staffing expands with Alabama acquisition
Purchase of Multi Staffing Services Inc. in Mobile, Ala., enables Columbus, Ind.-based Elwood Staffing to grow to 45 locations
in 10 states and to more than $200 million in annual revenue. Founded in 1980, the company has 22 offices in Indiana.
Indiana seeing education progress despite lean times
Indiana's top school official says more students are graduating high school and many schools have closed the achievement
gap between white students and their black peers despite lean funding.
Plea hearing set for defendant in $880M fraud case
Prosecutors say 41-year-old Miami Beach resident Nevin Shapiro left at least 60 investors in Florida, Indiana and New
Jersey with about $80 million in losses after his Ponzi scheme collapsed.
Industrial market shows strength but faces challenges
About 2.5 million square feet of industrial space is expected to hit the market between now and the end of the year, most
of it in the Plainfield area.
Construction
-Kort Builders has completed a 1,300-square-foot retail space for Fuzziwig’s Candy Factory at 13971 Town Center Blvd. in Hamilton Town Center.
-Kort Builders has completed a 2,000-square-foot retail space for Sally Beauty at 2007 E. Greyhound Pass, Carmel.
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Housing
On a seasonally adjusted basis, the pace of mortgage loan activity increased 13 percent for the week ended Aug. 13, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.6 percent from 4.57 percent the previous week. The rate for 15-year mortgages grew to 3.99 percent from 3.95 percent.