Columbus-based mutual fund shines in 2012
Kirr Marbach’s ‘mid-cap blend’ outpaces similar Indiana-based investments.
Scott Olson
Articles
Developer loses fraud appeal
The Indiana Court of Appeals affirmed Christopher White’s 2009 conviction, resulting from a $500,000 bad check he wrote as he tried to save his real estate development firm.
Former Lifestyle gym building target of foreclosure
The owner of the building at 4225 E. 82nd St. owes $4.9 million on a $7.4 million loan, according to the suit. The tenant, Lifestyle Family Fitness, closed the location in November 2011.
Sensient settles over use of ‘popcorn lung’ chemical
The locally based flavor maker has agreed to reduce its usage of diacetyl, which had prompted fines from the state. The deal significantly reduces the amount of the penalty—from $325,500 to $99,000.
State’s unemployment rate holds steady at 8 percent
Indiana shed 9,800 private-sector jobs in November, mainly due to losses in the construction industry, according to state officials.
Slinky maker’s owner buys bankrupt Fundex for $1.7M
Private equity firm Propel Equity Partners is acquiring Fundex following a court-ordered auction in which a surprise bidder surfaced, driving up the price of the company.
Saturday Evening Post moving news operations to Philly
Based in Indianapolis since 1970, The Saturday Evening Post is searching for office space in Philadelphia to return news operations back to the historic publication's roots.
Carmel poised to gain HQ of new public company
Ingersoll-Rand PLC said it plans to spin off its commercial and residential security unit, which is headquartered in Carmel, into a separate public company. The security division has $2 billion in annual revenue and 1,300 employees in the Indianapolis area.
Former NBA player Henderson gets city OK to build home
Former Indiana University and NBA basketball player Alan Henderson got approval to build a home on Indianapolis’ north side in spite of fierce opposition from neighbors.
Housing group sues Buckingham over apartment accessibility
The National Fair Housing Alliance alleges in a lawsuit that four of the local apartment developer’s properties violate Fair Housing Act accessibility requirements.
Angie’s List commits to 850 new jobs by 2017
The pledge from the provider of online consumer reviews came as part of a larger announcement Tuesday, in which nine companies operating within the state said they will add a total of 2,550 jobs by 2018.
Deadline looms to refile for homestead tax break
The law, passed in 2009, says Hoosier homeowners will lose their deduction beginning in 2013 if they don’t complete and return a homestead verification form by Jan. 1.
Trustee settles for $3.5M with former Fair Finance owner
Donald R. Fair, the former owner of Fair Finance Co. who sold the business to fraudsters Tim Durham and James Cochran, agreed to the settlement Thursday.
Strong finish to year giving home builders optimism
The number of single-family building permits filed in the nine-county area climbed 43 percent in November, the fifth straight month of year-over-year increases, according to the Builders Association of Greater Indianapolis.
Study: Motorsports industry contributes 23,000 jobs
Purdue University says jobs created by the racing sector in Indiana pay an average annual wage of nearly $63,000, well above the $39,700 state average.
East-side biz incubator’s new owner is old owner
The Indianapolis Enterprise Center on the near-east side has been acquired by a local investor group led by the former owner of the troubled business incubator.
First Internet Bancorp seeking to list on NASDAQ
The Indianapolis-based company said it has filed with the Securities and Exchange Commission to make the move from the over-the-counter board to the more active NASDAQ exchange.
Big Ten football title game crowd disappoints organizers
Organizers of the Big Ten football championship played in Indianapolis say they’ll consider making changes for next year’s game in an attempt to boost attendance.
Slinky maker hoping to purchase bankrupt Fundex
Plainfield-based Fundex Games Ltd., which filed for bankruptcy protection in September, said Poof-Slinky Inc. is the only potential purchaser that has shown interest in acquiring the company’s assets.
Successful Durham appeal unlikely, outside lawyers say
Local criminal defense lawyers who tracked the trial of Tim Durham and his accomplices say chances are slim that they would prevail on appeal. One said Durham would have a better chance of winning the lottery.