IBJ Staff

Risk has a bad name these days, for understandable reasons. In recent years, many corporate executives managed as if the boom times never would end, along the way ratcheting up debt to unfathomable levels. Many bankers, meanwhile, doled out loans to the lowliest of borrowers, and traded complex securities few truly understood. Yet a strong […]

Health officials have confirmed that an Anderson University student has the first case of the H1N1 virus in Madison County. It was one of 13 new flu cases confirmed in the state yesterday, bringing the total to 28. Fourteen of those case have been in Marion County. The virus has also appeared in Lake, St. […]

Police are investigating the murder of a Lawrence woman in the 4300 block of Clinton Street. The victim has been identified as Amenda Yang, 43. Yang’s children discovered her body yesterday afternoon when they arrived home from school. Police say she died of blunt force trauma to the head. They also say they’ve interviewed and […]

The Indiana University men’s basketball team could face more penalties from the NCAA due to poor Academic Progress Rate scores. IU’s score ranked 325 out of 341 Division I men’s basketball programs. The program could lose practice time and scholarships if it falls below a minimum score in the next three years. This is just […]

Shopping mall giant Simon Property Group Inc. plans to sell another 20 million shares of common stock to raise money for “general corporate purposes” in a new attempt to shore up its balance sheet. The company had announced it was selling 14 million shares yesterday, but increased the number this morning. The Indianapolis-based real estate […]

A police officer was injured on the northwest side early this morning while trying to assist in a chase that started at 38th Street and Gemco Lane. But an SUV T-boned the police cruiser at 38th Street and Lafayette Road, causing the SUV to flip upside down. Its driver was treated and released from a […]

Normal 0 false false false MicrosoftInternetExplorer4 Shopping mall giant Simon Property Group Inc. plans to sell another 20 million shares of common stock to raise money for “general corporate purposes” in a new attempt to shore up its balance sheet.   The company had announced it was selling 14 million shares yesterday, but increased the […]

Kimball International Inc. turned a profit in its fiscal third quarter after reaping proceeds from the sale of undeveloped land, reversing a loss experienced a year earlier. The Jasper-based furniture and electronics manufacturer today reported profit of $4.1 million, or 11 cents per share, for the period ended March 31, compared to a loss of […]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 Shopping mall giant Simon Property Group Inc. plans to sell another 14 million shares of common stock to raise money for “general corporate purposes” in a new attempt to shore up its balance sheet, the company said yesterday.   The Indianapolis-based real estate investment trust did […]

Blackboard Inc., a Washington, D.C.-based education-technology firm, has agreed to acquire Indianapolis-based software developer Angel Learning Inc. for about $95 million, the companies announced yesterday. The transaction, composed of $80 million in cash and $15 million in stock, has been approved by both companies’ boards of directors and Angel Learning’s shareholders. It is expected to […]

Normal 0 false false false MicrosoftInternetExplorer4 Normal 0 false false false MicrosoftInternetExplorer4 Indianapolis-based ExactTarget Inc. announced today that it has signed a $70 million financing deal with three venture capital firms.   Led by Boston-based Battery Ventures, the VC infusion includes investments from Silicon Valley’s Scale Venture Partners and Baltimore‘s Montagu Newhall Associates. The investment […]

It’s opening day for the Indianapolis 500. Gates at the Indianapolis Motor Speedway opened at 9 a.m. Rookie orientation runs until 2 p.m. and practice from 2-6 p.m. Admission is $5, with children 5 and under free. The Indianapolis 500 is scheduled for May 24.

Indianapolis-based ExactTarget announced today that it has signed a $70 million financing deal with three venture-capital firms. Led by Battery Ventures, the round of financing includes investments from Silicon Valley’s Scale Venture Partners and Baltimore’s Montagu Newhall Associates. The VC infusion is one of the largest venture-capital investments in the nation this year. IBJ.com will […]

Investigators are trying to figure out what sparked a fire that damaged an east-side Indianapolis nightclub called Club Escalade in the 6700 block of East 38th Street. Repair men noticed the smoke late yesterday. No one was inside the building at the time of the fire.

Administrators plan to reopen two local schools ahead of schedule after they were closed when students there were diagnosed with the H1N1 virus, better known as swine flu. Spring Mill Elementary School and IPS School 60 were expected to remain closed until next Monday, but children attending those schools will now be allowed to return […]

Norwood Promotional Products Inc., an Indianapolis-based supplier of customized items like awards and logo-imprinted coffee cups, filed for Chapter 11 bankruptcy protection yesterday in Delaware. The company, the nation’s second-biggest seller of promotional products, plans to get back on its feet by selling out to Aurora Resurgence, a Los Angeles-based private equity firm, through a […]