Articles

Adesa parent turns profit, beats expectations

KAR Auction Services reported a profit of $5.3 million in the fourth quarter after sustaining a loss in the same period in
2008. The company's CEO attributed the turnaround to several factors, including the completion of an initial public offering.

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IU names basketball center after billionaire Cooks

Indiana University's new basketball training complex will be named after billionaire entrepreneur Bill Cook and his wife.
IU athletic director Fred Glass says the Cooks gave $15 million—the single largest gift in IU athletics history—toward
the nearly $20 million basketball training center.

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Indiana-made Humvee could soon be an Army relic

The Army provided no new money for the Humvee in the service’s recent budget proposal, and a spokesman says the 2,620 vehicles
ordered from Mishawaka-based AM General will be the last as the Army moves on to newer designs.

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East-west rail line could boost Indianapolis’ core

With traffic congestion growing, the idea of sending streetcars zipping down Washington Street—from
far-east-side Cumberland to Indianapolis International Airport on the west—is making a return. And
the route could offer the best bang for the buck in spurring transit-oriented development.

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