Articles

ChaCha secures $14M investment to expand services

The latest round of funding will enable ChaCha to make “significant” investments in new products to expand both mobile and online services, CEO Scott Jones said. Internally, the project is dubbed “Go Big.”

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Lampoon paid for Durham’s defense, trustee alleges

Fair Finance bankruptcy trustee Brian Bash, charged with recovering funds for Fair investors, alleges in a court filing that National Lampoon funded convicted Ponzi schemer Tim Durham’s defense. Durham is a former CEO of the film company.

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State jobless rate climbs despite increase in jobs

Indiana’s unemployment rate rose to 8.2 percent in December even though the state added 8,300 private-sector jobs during the month. Officials attributed the increase to the more than 7,000 unemployed Hoosiers who resumed searching for work.

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Leader of fraud scheme pleads guilty to 20 counts

Michael Russell faces between 57 and 71 months in prison for defrauding an Indianapolis investor of $1.7 million. Two associates, Paul Bateman, a former City-County councilor, and Manuel Gonzalez, have pleaded not guilty and are set for trial Feb. 11.

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Downtown Arvey store reopens under new ownership

Arvey Paper & Office Products at 1021 N. Pennsylvania St. began serving customers again in December after closing for six months. A former executive of Arvey’s previous parent company bought the name and has reopened five stores nationwide.

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City’s tourism agency reports strong 2012

Indianapolis’ hosting of the Super Bowl last February seems to be paying off for Visit Indy, which says the exposure the city received from the game is translating into more visitor interest.

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