Friday, May 24 2013 9:36 PM EDT2013-05-25 01:36:11 GMT
Indiana Attorney General Greg Zoeller says state residents who bought E-books published by Penguin Group would receive $1.15 million in refunds as part of a multistate investigation into price-fixing andMore >>
Indiana Attorney General Greg Zoeller says state residents who bought E-books published by Penguin Group would receive $1.15 million in refunds as part of a multistate investigation into price-fixing and collusion.More >>
Friday, May 24 2013 9:25 PM EDT2013-05-25 01:25:25 GMT
Two people are in custody after an incident where an IMPD officer fired his duty weapon. Police say officers were investigating an incident in the 3200 block of Boulevard Place when a suspect failed toMore >>
Two people are in custody after an incident where an IMPD officer fired his duty weapon.More >>
Friday, May 24 2013 9:04 PM EDT2013-05-25 01:04:37 GMT
The Indiana Pacers are trying to even the Eastern Conference finals in Miami. Indiana has opened up a 12-point lead late in the first quarter. Roy Hibbert leads the Pacers with eight points. LeBron JamesMore >>
The Indiana Pacers are trying to even the Eastern Conference finals in Miami.More >>
Friday, May 24 2013 7:55 PM EDT2013-05-24 23:55:55 GMT
A Greenfield police officer is fighting to keep his vanity license plate. Rodney Vawter has owned the personalized Fraternal Order of Police license plate "0INK" for the past three years. A class actionMore >>
A Greenfield police officer is fighting to keep his vanity license plate after it was revoked by the BMV.More >>
Friday, May 24 2013 6:44 PM EDT2013-05-24 22:44:52 GMT
Andretti Autosport has five cars in the top nine in Sunday's Indianapolis 500. Any of them could win the race. The team has already won three out of four INDYCAR races this season. One of the AndrettiMore >>
I'm picking Marco to finally add another win to the Andretti legacy at Indianapolis.More >>
Friday, May 24 2013 6:32 PM EDT2013-05-24 22:32:12 GMT
One of our city's best-known landmarks could soon see some changes not just in the way it looks, but in the way it's used. Friday's Memorial Day service is one of many events that takes place on MonumentMore >>
One of our city's best-known landmarks could soon see some changes not just in the way it looks, but in the way it's used.More >>
Friday, May 24 2013 6:15 PM EDT2013-05-24 22:15:26 GMT
Could it be year of the woman? It's as good a time as any for a woman to win the Indy 500. With four women in the field, this year ties the record for the most female drivers in the big race. The rumbleMore >>
Could it be year of the woman? It's as good a time as any for a woman to win the Indy 500.More >>
Friday, May 24 2013 5:58 PM EDT2013-05-24 21:58:56 GMT
East side residents are questioning the safety of a crosswalk where a pedestrian was killed by an IMPD cruiser Thursday night. Richard Allen Moore died after he was struck by IMPD Ofc. Jason Rauch atMore >>
East side residents are questioning the safety of a crosswalk where a pedestrian was killed by an IMPD cruiser Thursday night.More >>
Friday, May 24 2013 5:49 PM EDT2013-05-24 21:49:53 GMT
St. Vincent Health's restructuring announcement this week did not come as a surprise. The 22-hospital system currently employs more than 3,000 physicians and 16,000 other employees. St. Vincent CEO VincentMore >>
The St. Vincent announcement is really the latest installment by hospitals trying to deal with the uncertainty to come.More >>
Friday, May 24 2013 5:30 PM EDT2013-05-24 21:30:44 GMT
Fans headed to the Indianapolis Motor Speedway this weekend will face increased security aimed at keeping them safe. The eyes are on the cars, the part and the people at IMS. This year, more than everMore >>
Fans headed to the Indianapolis Motor Speedway this weekend will face increased security aimed at keeping them safe.More >>
Longtime Ford executive Mark Fields was named chief operating officer of the company on Thursday, putting him in line to replace CEO Alan Mulally as soon as 2015.
Mulally, 67, said Thursday that he plans to remain CEO at least through 2014, putting to rest - for now - the swirl of speculation about his retirement plans. Fields will become COO on Dec. 1.
Fields, 51, will lead day-to-day operations and head up the company's weekly business reviews with senior leadership. All of the company's business units will report to him. Mulally will lead the company's long-term strategy and product plans. He'll also support and mentor his new leadership team.
Ford announced the moves before the stock market opened Thursday. Shares fell nearly 2 percent on the news in early trading, but began climbing. They were down 1 percent to $11.02 in late morning trading.
Ford Executive Chairman Bill Ford said Fields has managed the transformation of the company's North American operations, which were losing billions of dollars when Fields took over that key region in October 2005. The company closed plants, laid off thousands of workers, streamlined its vehicle development process and introduced strong new vehicles like the Explorer and Fusion. Earlier this week, Ford reported a record $2.3 billion pretax profit in North America.
"I put Mark in that job seven years ago. The growth that we've all seen in him has been remarkable," Bill Ford said.
Ford's board decided on the leadership changes at its regular meeting Oct. 19. Bill Ford stopped short of saying Fields would definitely be named CEO when Mulally retires, but he did say he would prefer Ford's next CEO to come from inside the company.
"I always look at talent, not only internally but externally. But I'm very happy with the team we've put together," he said.
Joe Hinrichs, who is now head of Asia Pacific and Africa, will replace Fields as head of the Americas. Hinrichs, 45, who ran Ford's manufacturing operations before taking over Asia, has also been frequently mentioned as a successor to Mulally.
David Schoch, currently chairman of Ford China, will become head of the Asia Pacific region.
Stephen Odell, group vice president of Europe, was named executive vice president and president of Europe, Middle East and Africa. He also was among the candidates to succeed Mulally.
Jim Farley, who is currently head of global marketing, will also become the head of Ford's luxury Lincoln brand. Lincoln has been struggling in recent years, and Ford is trying to revive it with new products. It's also introducing Lincoln to China in 2014.
Ford hasn't had a COO since 2006, when former President and COO Jim Padilla retired. Mulally said he has never worked with a COO, either at Ford or at Boeing Co., where he spent 36 years before coming to Ford.
"I'm really looking forward to nurturing Mark and supporting this team," Mulally said.
Mulally is highly respected at Ford for saving the company from financial collapse. Shortly after Bill Ford hired him in 2006, he mortgaged all of Ford's assets for a $23.5 billion loan, paid for a restructuring and helped keep Ford out of bankruptcy protection. Ford reported its best-ever third quarter pretax profit of $2.2 billion earlier this week.
"We not only survived but we have created a company that is healthy and is growing and has a clear vision for the future," Mulally said in a phone call with analysts and media.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Friday, May 24 2013 11:46 AM EDT2013-05-24 15:46:25 GMT
A woman faces sentencing Friday for her part in the shooting death of a female basketball star. The shooting happened last July at Ben Davis Park on the city's west side. Witnesses say Vincennes UniversityMore >>
A woman faces sentencing Friday for her part in the shooting death of a female basketball star.More >>
Friday, May 24 2013 11:19 AM EDT2013-05-24 15:19:14 GMT
Police are seeking criminal charges against two missing campers who were found on the Indiana National Guard's Camp Atterbury. Bartholomew County sheriff's Maj. Todd Noblitt says the two men, ages 19More >>
Bartholomew County sheriff's Maj. Todd Noblitt says the two men, ages 19 and 20, were found Wednesday after a ground and air search for several hours by police officers and soldiers of the Atterbury grounds near Edinburgh.More >>
Friday, May 24 2013 5:02 PM EDT2013-05-24 21:02:40 GMT
A pedestrian was seriously hurt after being struck by a police officer on the east side of Indianapolis. The accident happened around 9:30 p.m. Thursday near the intersection of 42nd Street and EmersonMore >>
The family of Richard Allen Moore told Eyewitness News that he was killed in the accident.More >>
Friday, May 24 2013 11:29 AM EDT2013-05-24 15:29:00 GMT
Authorities say a cat might have started a central Indiana house fire by knocking over a lamp. The fire happened Thursday in the town of Chesterfield just east of Anderson. Chesterfield deputy fire chiefMore >>
Authorities say a cat might have started a central Indiana house fire by knocking over a lamp.More >>
Friday, May 24 2013 11:22 AM EDT2013-05-24 15:22:46 GMT
It will likely be months before a judge rules on whether a new trial should be granted to a man convicted of killing an Indiana University student who disappeared during a 2000 bike ride. A Morgan CountyMore >>
It will likely be months before a judge rules on whether a new trial should be granted to a man convicted of killing an Indiana University student who disappeared during a 2000 bike ride.More >>
Thursday, May 23 2013 4:20 PM EDT2013-05-23 20:20:10 GMT
One of Indiana's largest health systems says it's cutting an undisclosed number of jobs by June 30 because of increasing economic and competitive pressure on the health care industry. Indianapolis-basedMore >>
One of Indiana's largest health systems says it's cutting an undisclosed number of jobs by June 30 because of increasing economic and competitive pressure on the health care industry.More >>
Friday, May 24 2013 3:37 PM EDT2013-05-24 19:37:35 GMT
An act of credit card fraud has been traced back to a downtown Indianapolis restaurant. Some workers upstairs love walking downstairs for a bite at Ike and Jonesy's downtown. But they say the bite isMore >>
The owner of Ike & Jonesy's downtown says he is working to find out how the credit and debit cards of several customers and employees could have been compromised.More >>
Friday, May 24 2013 10:26 AM EDT2013-05-24 14:26:01 GMT
Officials with the Indianapolis Motor Speedway tell Eyewitness News that 35 runners from the Midwest who did not complete the Boston Marathon because of the tragedy there will be finishing that race atMore >>
The Speedway invited runners to cross the finish line on race day morning before the start of the race. They will be running from Turn Four across the historic Yard of Bricks.More >>