Constantino’s and City Market reach settlement
City Market has agreed to forgive Constantino’s $27,000 in unpaid rent if the meat and produce stand shuts down by Dec.
24.
Peter Schnitzler
Articles
Former Huntington National Bank exec alleges age discrimination
Michael Lewis, 53, filed a complaint with the Indianapolis office of the U.S. Equal Employment Opportunity
Commission Aug. 13 and sued Huntington Oct. 15 in Marion Superior Court.
Small businesses changing hands despite recession
Even in recession, entrepreneurs buy and sell local small businesses. Plenty of Indianapolis-area companies are for sale.
Ballard set to shake up CIB with staff moves
CIB Treasurer Ann Lathrop will become board president, replacing Bob Grand at the helm of the organization that oversees the city’s professional sports stadiums and the Indiana Convention Center.
Heavyweights may vie to manage venues for troubled CIB
An aide to Mayor Greg Ballard says he hopes a private operator can find “operating and maintenance savings in the millions."
Falling property prices fuel new wave of bank woes
The second and third quarters were brutal for Indiana banks, as they set aside big reserves to cover losses on commercial
real estate loans.
Top local money managers hedge against stagflation
Faced with the potential for another bout with stagflation, investment managers are scrambling to decide how to face a future when markets may again be thrown into turmoil by the two-headed monster of frisky price increases and crummy economic conditions.
Some observers fear return of rising prices, stagnant growth
In the 1970s, stagflation—the unprecedented combination of stagnant economic growth and inflation—threatened to ruin financial institutions. Now some fear it might make a return.
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Rokita builds rep as tough enforcer of securities laws
Secretary of State Todd Rokita has relied on fines and fees to greatly increase his office’s firepower without a tax hike.
City Market gets OK to evict anchor Constantino’s
The cash-strapped, half-vacant City Market is playing legal hardball with five current or former tenants that are behind
on rent, a move that’s led to the imminent eviction of Constantino’s Market Place.
Struggling Bioanalytical Systems adds outsider to board
Shareholders are starting to make inroads in their effort to turn struggling West Lafayette-based Bioanalytical Systems Inc. in a new direction.
City Market board sought 3-year closure for redevelopment
Board president says he quit after Indianapolis Mayor Greg Ballard declined proposal to shut down historic landmark until
2013 for major renovation.
Economic turmoil hasn’t shaken up local banks’ market shares
One of the toughest runs for the finance industry since the Great Depression didn’t lead to a major shakeup in Indianapolis’
banking landscape. Substitute PNC’s brand for National City’s, and the top eight positions remain unchanged.
Anderson gas-station chain sues BP after 32-store deal sours
Ricker Oil’s Oct. 22 suit claims British petroleum giant BP is charging unjustified royalty fees while delivering no boost
from its national advertising, its proprietary IT system or its bulk purchase pricing.
Hoosier Park owner misses $13.4M loan payment
Indianapolis-based Centaur LLC, owner of Anderson’s Hoosier Park horse track and casino, missed a $13.4 million interest payment due Tuesday on its more than $400 million in outstanding debt, putting the company in default with its lenders.
Debt collectors try soft approach
Recession forces entrepreneurs to rework bills. Cracking down on small businesses doesn’t help bills get paid faster.
City official: ‘We’re obligated’ to weigh privatizing some stadium, convention duties
Mayoral Chief of Staff Paul Okeson said the city isn’t sure it makes sense to privatize operations now handled by
the Capital Improvement Board, “but we’re obligated on behalf of the taxpayer to find out.”
City seeks ideas to privatize stadium, convention center operations
The city of Indianapolis is considering ways to get out of the professional sports stadium and convention center management
business.
TV ratings show Fever firestorm more than mirage
The Indiana Fever may have lost the WNBA finals. But they scored 50 percent more hometown TV viewes than their on-court rival,
the Phoenix Mercury.