KAR Auction Services shares inch up after IPO
Shares of KAR Auction Services Inc. Friday inched above prices set by the vehicle auctioneer in its initial public offering.
Associated Press
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KAR Auction Services shares open lower after IPO
Stock in Carmel-based KAR Auction Services Inc. on Friday morning traded below prices set by the vehicle auctioneer in its
initial public offering.
Business inventories rise unexpectedly
Businesses unexpectedly increased their inventories in October, halting a slide of 13 consecutive declines. The small gain,
along with a fifth straight increase in sales, raised hopes that businesses will begin restocking their depleted shelves,
helping support the economic recovery.
Retail sales rise more than expected
The government’s report came as a surprise because the nation’s retailers have been reporting generally lackluster results
for the start of the holiday shopping season.
Steel Dynamics expects drop in 4Q earnings
Steel Dynamics Inc., the nation’s fifth-largest producer of carbon steel products, said Thursday it expects fourth-quarter
earnings to decline from third-quarter levels due to lower shipments and weaker profit margins at its metal recycling operations.
Convention Center expansion more than half completed
The project will nearly double the convention center’s size and put Indianapolis 16th among U.S. cities in convention space.
NCAA discusses expanding basketball tournament
Talk of expanding the NCAA tournament is almost always done in public, most notably by Syracuse coach Jim Boeheim in 2006.
Now, the Indianapolis-based NCAA is looking into it behind closed doors—at least preliminarily.
Lilly charity gives $1M to new IU health school
The Eli Lilly and Co. Foundation has given Indiana University $1 million to start a school of public health at Indiana University-Purdue
University Indianapolis.
UPDATE: KAR Auction IPO raises less than hoped
The Carmel-based auctioneer had expected to raise $340.9 million through its IPO, but the company said it would sell 25 million common shares at $12 each for total proceeds of $300 million.
Jobless claims rise unexpectedly
The number of newly laid-off workers seeking jobless benefits rose more than expected last week, after falling for five straight
weeks.
Indiana regulators order greater conservation push
The Indiana Utility Regulatory Commission’s goal is annual statewide energy savings of 2 percent within a decade.
Lilly forecasts growth in earnings next year
Eli Lilly and Co. said it still expects its earnings per share to grow in the double-digit range through 2011.
Study panel outlines options to keep gambling competitive
The Gaming Study Committee’s report said allowing riverboat casinos to relocate inland could be helpful.
Panel sends tax bills to state Senate
Bills aimed at adding caps on property tax bills to the state constitution and delaying increases on unemployment insurance
taxes are now before the full Republican-controlled Senate, weeks before the entire Legislature convenes on Jan. 5.
Indiana’s corn harvest is latest since 1972
Indiana’s farmers are facing their latest corn harvest in nearly 40 years because of a long stretch of bad weather that’s
kept them out of their fields.
Muncie mayor plans closing of animal shelter
Muncie’s mayor says she’s planning to close the city animal shelter because budget cuts would leave it understaffed.
Rose-Hulman trustees elect new school president
The Rose-Hulman Institute of Technology’s board of trustees have elected interim school president Matt Branam the college’s
new full-time president.
Indiana house panel takes up property-tax caps
If approved by the full Legislature during the session that gets under way in earnest in January, voters would decide whether
the caps should be constitutional.
Danica Patrick reaches NASCAR deal, source says
Last week, Patrick signed a three-year contract extension with Andretti Autosport to stay in the IndyCar series, but its schedule
gives her enough time to also try NASCAR.
Indiana State Police cut 42 motor carrier jobs
The layoffs of half the division’s inspectors were blamed on the state’s financial troubles.