O N T H E R E C O R D First Merchants Corp. of Muncie announced Sept. 3 that it has agreed to buy Lincoln Bancorp of Plainfield for about $75 million. The acquisition expands First Merchants’ presence in the Indianapolis area from the northern suburbs into other fast-growing suburbs on the west and south sides. Announcement of the deal sparked a 37-percent runup in the value of Lincoln shares. Elanco, the animal-health division of Eli Lilly and Co.,…
Republican Gov. Mitch Daniels is building his campaign for re-election in part on another attempt to cash in a jackpot on the Hoosier Lottery. This time, he’s hedging his bet. In case leasing the Hoosier Lottery outright to a private operator is politically impossible, Daniels is exploring a major bond issue backed by its future revenue.
Republic Airways Holdings will operate a dozen 76-seat Embraer aircraft for Milwaukee-based Midwest Airlines, Midwest announced yesterday. Indianapolis-based Republic will operate the planes until Midwest can move the fleet under its own Federal Aviation Administration operating certificate. Midwest will have the option of leasing the Embraer 170 aircraft from Republic. Republic also said it is […]
Sarah Palin won rave reviews for her speech last night at the Republican National Convention, as did Barack
Obama when he closed the Democratic convention last week.
This morning, the Associated Press quoted Democratic Party leaders in Indiana as saying Palin…
Doors to the Columbus Inn bed-and-breakfast have been chained and padlocked, according to The Republic of Columbus. The 113-year-old, Romanesque building once housed city hall and now is on the National Register of Historic Places. The newspaper was not able to reach the owners for comment.
For the first time in its 22 year history, the season-kickoff Start with Art luncheon (being held this Thursday) won’t include a visit from the Indianapolis’ mayor.
Greg Ballard, as has been reported elsewhere, will be at the Republican National Convention.
The…
Commentary Summer mega-events consume us Just when I thought I could start getting to bed at a decent hour again after the 2008 Olympics were over, up pops the Democratic National Convention from Denver. I’m not a television watcher. About the only things I find worthwhile on the boob tube are sports, PBS, movies, and arts or cultural programs. The occasional exception might include a cooking show. Like many Americans, I found myself watching the Beijing games late into the…
Just when I thought I could start getting to bed at a decent hour again after the 2008 Olympics were over, up pops the Democratic National Convention from Denver. I’m not a television watcher. About the only things I find worthwhile on the boob tube are sports, PBS, movies, and arts or cultural programs. The occasional exception might include a cooking show. Like many Americans, I found myself watching the Beijing games late into the night for most of two…
Republican Mayor Greg Ballard has replaced the last of the top economic development officials lingering from the Democratic administration of former Mayor Bart Peterson. This morning Ballard announced new leadership for both Indianapolis Economic Development Inc. and the Indianapolis Private Industry Council. Scott Miller, the former president of business landscaping firm Mainscape Inc., replaces Jeb […]
Record flooding on June 7 has claimed a downtown Columbus furniture and interior business. Montage Furniture & Design will close after 16 years in business, The Republic newspaper of Columbus reported. More than $100,000 of merchandise was lost when flood waters hit a Montage warehouse. Montage, owned by Trent and Cinde Wirth, will close in […]
The Mayor’s Office has quietly agreed to consider selling some of the city’s more than 1,100 properties, including police stations, maintenance buildings and parks, in a bid to raise cash to help balance the budget. The city awarded the potentially lucrative no-bid contract to Venture Real Estate Services, a politically connected real estate firm led by John Bales.
Barack Obama named Sen. Joe Biden of Delaware as his vice presidential running mate early Saturday, passing over Indiana Sen. Evan Bayh, who was informed yesterday that he was not the pick. The selection of Biden balances Obama’s ticket with a seasoned congressional veteran well-versed in foreign policy and defense issues. Obama announced the pick […]
MONROE COUNTY Bloomington gets a debate, but not the presidential one Indiana University in Bloomington failed to land the presidential debate it hoped for, but it will host a gubernatorial debate between incumbent Republican Gov. Mitch Daniels, Democratic challenger Jill Long Thompson and Libertarian Andy Horning. The debate is slated for Oct. 14 at the […]
From 1979 to 1982, IUPUI inherited three world-class athletic facilities that have since hosted Olympic trials and world-record performances by top-flight amateur and professional athletes. But that inheritance has turned into a financial albatross around the university’s neck. It’s grappling with how to pay for their upkeep and the improvements necessary to keep the facilities–and the city–in the hunt for high-profile sporting events.
From 1979 to 1982, IUPUI inherited three world-class athletic facilities that have since hosted Olympic trials and world-record performances by top-flight amateur and professional athletes. But that inheritance has turned into a financial albatross around the university’s neck. It’s grappling with how to pay for their upkeep and the improvements necessary to keep the facilities-and […]
The 500-employee office complex Cummins Inc. is building near its headquarters in downtown Columbus might have ended up in another state had the city not offered to pay for a new parking garage. The claim came Tuesday during Mayor Fred Armstrong’s mid-year State of the City report, according to The Republic of Columbus. Armstrong’s remarks […]
Nearly half the layoff and closing notices registered with the Indiana Department of Workforce Development this year have involved car and truck parts manufacturers, companies making mobile homes and recreational vehicles, and businesses involved in air service. The common thread across the industries is rising fuel prices, according to The Times of Munster. More than […]
Second-quarter net profit soared 49.3 percent for Republic Airways Inc., the Indianapolis-based carrier said late yesterday. Republic’s $28.4 million in profit was bolstered by a one-time gain of $6 million resulting from an interest-rate swap. Without the swap, Republic still turned a profit of $22.4 million, up nearly 18 percent from the same quarter last […]
After Mayor Greg Ballard’s upset victory at the polls last November, local arts leaders were in a panic. They worried the
no-nonsense former Marine would put public safety on a pedestal and slash Indianapolis’ funding for cultural groups.
As fans of the late Milton Friedman gather at the Conrad Hotel tomorrow night to celebrate the libertarian
economist, theyâ??ll have plenty to crow about.
Ironically, though, Friedmanâ??s ideas about turning education over to market forces have failed to gain much…
