One of Shelby County’s largest employers is suing NatCity Investments Inc. to try to recover nearly $8 million in losses on
auction-rate securities. Knauf Insulation filed suit in Shelby Superior Court in March, saying NatCity should repay the money
in accordance with a settlement the bank reached with federal regulators in March 2009.
The turmoil that now engulfs Junior Achievement of Central Indiana likely was spawned by questions that arose in 2008 about
the handling of a scholarship fund worth about $200,000.
The $16.5 million worship auditorium that Northview Church in Carmel opened last month may be the last major church-related
project completed in central Indiana for years. Although many projects were finished before the recession, churches, which
usually pay for much of construction in cash, struggled to collect pledges.
Marion County Superior Court Judge Stanley Kroh sentenced Brandon Benker to three years in prison and two years in a Community
Corrections program, in which he may be assigned to work release or home detention. Benker stole more than $380,000 from the
group in 2008.
The Indianapolis Museum of Art expects its upcoming Andy Warhol exhibit to draw 40,000 people, helping it offset a drop in
funding from its endowment.
The prices hogs are fetching this year will help farmers begin to climb out of the crater of 2008 and 2009. Average pork prices
may approach record levels this year, Purdue University agricultural economist Chris Hurt predicted, up to $53.63 per hundred
pounds. The record is $55.44 per hundred pounds, set in 1982.
The Indiana Arts Commission revamped the way it allocates money out of concern about future state budget cuts, which would
further reduce grants available to arts organizations.
Beverly Hills, Calif.-based entertainment company says lease gives it the right to change venue’s name to Old National Centre.
The convention bureau has shelved its plan to attract a full-service hotel and instead will boost spending on tourism marketing.
Historic Landmarks' endowment is down sharply, but executives believe they can afford to take on the cultural-events-center
project.
Philanthropist Bill Cook will manage a $7 million restoration of the former Old Centrum building at
12th Street
and Central Avenue in Indianapolis, and the newly renamed Indiana Landmarks will move its headquarters there.
Historic Landmarks Foundation of Indiana is expected to announce Tuesday that it will move its headquarters to the Old Centrum
at 12th Street and Central Avenue in Indianapolis.
Verdure Sciences, a botanical-extract distributor, has invested more than $1 million in marketing and research,
and hopes to see its product in more
foods and drinks, perhaps even mouthwash.
The findings may come as a surprise to not-for-profit executives who think the Internet generation doesn’t require a
personal touch.
The locally based battery maker serves as collateral on the financing lined up by its New York-based parent, Ener1.
The Indianapolis-Marion County Public Library could close up to six branches or reduce their hours in order to close a budget
shortfall.
The Women’s Fund of Central Indiana recently completed an endowment drive that raised $7 million, making the endowment one
of the largest of its kind in terms of assets.
Gleaners Food Bank is set to announce Wednesday that it is relocating to the former Monarch Beverage Co. warehouse on the
southwest side of Indianapolis, and it hopes to raise $11.6 million for the move.
A professional ballet company that formed in the wake of Ballet Internationale's collapse has closed its own doors.
Bill Simpson’s Impact Racing LLC reached an agreement Thursday with an industry-certification group that will allow the company
to continue selling race car safety gear made this year and last.
