News & Analysis

Tech firm Powerway seeking rebound

Powerway Inc., the Indianapolis-based maker of manufacturing quality-control software that grew like gangbusters in the 1990s and aimed for an initial public offering, has endured a dog of a half-decade. But that soon could change. Powerway just hired an IT industry turnaround expert as CEO.
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Generator-maker finding new ways to get energy

I Power Energy Systems, which makes natural-gas-powered electric generators that are the primary power source of corporate and college campuses, is a novelty in Indiana. After all, coal is still a cheaper source of electricity than is natural gas. But I Power is developing applications for electric generators that burn biogas from sources ranging from garbage to ground-up corn.
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Super Bowl win not necessarily profitable

If the Indianapolis Colts win the Super Bowl Feb. 4, team owner Jim Irsay will be going deep into his pocket. Contrary to popular belief, winning the Super Bowl is not a huge financial windfall--at least not in the near term for the team and its owner.
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Flurry of fitness chains takes aim at Indianapolis

At least five companies are scouting locations for dozens of new health clubs in a blitz that could help the city shed its reputation for high rates of obesity. The fitness club business is booming nationwide, and several chains are betting Hoosiers are among those looking for more convenient opportunities to get in shape.
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IMS Productions joins Web video network

IMS Productions, the Indianapolis Motor Speedway's video production arm, has agreed to be one of the primary content providers for The Venice Project, a collaboration of big-name Internet entrepreneurs intent on shaking up the television industry by launching a 30-plus-channel, TV-like network online.
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