Articles

Adesa to acquire online auction firm for $210M

Adesa said it plans to acquire Redwood City, Calif.-based OpenLane Inc. for $210 million in cash. OpenLane expects to sell more than 300,000 vehicles to dealers this year and generate about $100 million in revenue.

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Local bar ordered to pay $45,000 to fired worker

The Wild Beaver Saloon in Broad Ripple agreed to the payment as part of a settlement reached Thursday. The U.S. Equal Employment Opportunity Commission sued the bar for allegedly firing the female employee because of her pregnancy.

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IndyGo seeks funding traction

The Indianapolis Public Transportation Corp. has budgeted expenses of $57 million for 2012, but officials expect a revenue shortfall of $6.4 million because of drops in federal, state and local funding.

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Glick support boosts IU eye research

A $10 million research endowment at the Eugene and Marilyn Glick Eye Institute has attracted seven new researchers to the Indiana University School of Medicine’s Ophthalmology Department.

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EDITORIAL: Economy is weak, but this is no 2008

When the stock market plummeted on Aug. 8 and did so again two days later, many of us found ourselves having flashbacks to 2008, when every bleak day in the market seemed to be followed by another and then another.

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Home-sale deals tick up in Indianapolis area

Home-sale agreements in the nine-county Indianapolis area rose 3.6 percent in July from the same month a year earlier, marking the third straight month of year-over-year increases after 14 months of declining sales.

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