When I was growing up, a bunch of other kids from the neighborhood and I would play touch football on the street in front of our homes. At least once a game, the ball would take a weird bounce, go out of bounds and someone would yell, “do over!” Then we would all line up again and do it over. Treasury Secretary Henry Paulson and Congress just called for a “do over,” but you don’t get them in real life….
A popular northside wine bar will close at the end of October to move to a smaller space behind Castleton Square Mall. D’vine a wine bar moved from Woodfield Crossing…
The helmet that Graham Rahal wore during the Honda Indy 200 at Mid-Ohio is up for auction on the online auction site eBay. This one-of-a-kind helmet was designed as a tribute to Paul…
The Indiana Pacers are running into a pick even before their pre-season tips off tomorrow at the Indiana State Fairgrounds. The Secret Service—preparing for presidential candidate Barack Obama’s appearance at the Fairgrounds’ grandstand—is…
The woman chosen as president and CEO of the city’s Super Bowl host committee isn’t exactly a household name, but those who hired her think she’ll make Indianapolis the best host city ever. Allison Melangton, 46, is the first paid member of the 2012 Indianapolis Super Bowl Host Committee, and is expected to throw planning and organization into overdrive over the next 30 days.
Turmoil on Wall Street-including Merrill Lynch’s $50 billion sale to Bank of America Corp.- could throw into play some of Indianapolis’ biggest-producing stockbrokers. Charlotte, N.C.-based Bank of America recognizes the risk and is preparing to roll out retention bonuses for its arsenal of 17,000 brokers, 136 of whom work out of the Indianapolis area. “We have the capacity to do that, and would plan to do something because it’s the crown jewel of the company,” Ken Lewis, Bank of America’s…
Comrades, welcome to the new world order! Please, get in line so we can process your papers. Remember, in the new world, there is no pain. Your benevolent leaders have outlawed all problems. In 1984, I read ”1984,”George Orwell’s novel. I was a little young to grasp the full flavor of the book, but the theme hit a chord with me. I turned to Orwell’s “Animal Farm” a few years later, though, and that work was as clear to me…
The Anderson money manager known as “Big Joe” got his start as an independent insurance agent in Lafayette. He had been on the job just two weeks before Black Monday struck Wall Street in October 1987. The market shed more than 22 percent of its value, the largest one-day decline in U.S. history. With no clients and no money, the 20-year-old temporarily left the insurance industry and landed a job at AT&T’s old Western Electric division, helping rewire Ball State…
Before the Indianapolis Colts beat the Minnesota Vikings on the field Sept. 14, they were schooling them off the field.
Vikings owner Zygi Wilf and his top lieutenants spent two days the week before…
As Congress began debating a $700-billion bailout plan for institutions stung by loose lending practices, C.P. Morgan sent this e-mail last week:
And in a separate…
Paul Shoopman could have sat on the sidelines savoring the fact that he sold his homebuilding firm in 2004, just months before the market began a calamitous slide. But that’s not Shoopman, who’d been building houses since 1971, the year he graduated from high school. His dad loaned him the money for his first lot, and co-signed for the construction loan. Shoopman built Dura Builders Inc. into Indianapolis’ fifth-largest homebuilder before selling it to Los Angeles-based KB Home. A little…
A local real estate developer has emerged as a top contender to buy the 28-story M&I Plaza–potentially at half the
$50 million price the building fetched a decade ago. Paul Kite Co. confirmed it is in talks with Maryland-based
CapitalSource Inc., which took over the struggling office tower in June after foreclosing on a $5 million
mezzanine loan.
Here’s a well-worn saying about businesses that engage in risky behavior: “You only find out who has been swimming naked when the tide goes out.” If so, we are nearing low tide and the biggest nude beach on the planet is on display in lower Manhattan. These recent events are historic. Lehman Brothers, a 158-year-old firm that survived the Depression and world wars, was forced into bankruptcy due to leveraged bets on subprime securities and risky loans made over the…
As stock prices of Wachovia Corp. and other big names in banking take massive hits, regional banks like Integra and Old National in Evansville are quietly racking up large gains. An analysis of the best-performing Indiana stocks since Sept. 1 reveals regional banks atop the list. Integra Bank Corp. has seen its shares soar nearly […]
Lilly Endowment Inc. is still on its journey to sell off $2 billion of its Eli Lilly and Co. shares. But after a slow start and a few stops for rest, it may take a little longer to get there than originally thought. The endowment, the single largest holder of Lilly stock, announced its plan to diversify its holdings back in July 2006. For nearly 70 years, the not-for-profit held its wealth almost exclusively in the pharmaceutical company’s stock. So…
Regional economic development experts say cities must woo talented people while they’re young–in
their 20s or early 30s–because, after that age, people tend to hunker down. The Indianapolis area apparently appeals to at
least two key groups of young people–particularly those already married, according to a new study by researchers at IUPUI.
The Wellness Community of Central Indiana was established in 1995 as a not-for-profit organization to provide free support, education and hope to individuals and families affected by cancer. At The Wellness Community, cancer patients can share experiences and lend one another encouragement informally or through programs facilitated by professional counselors. The Wellness Community also provides a haven to grieve together in those instances when cancer is the ultimate victor. Today, the folks at The Wellness Community are grieving over a…
Fans walking into the Indianapolis Motor Speedway for the First MotoGP race there Sept. 14 likely won’t recognize the place. Sponsor ads will hang on the inside walls of the track. There will be a host of companies in the hospitality area–including Yamaha, Kawasaki, Ducati and Repsol–that have never set foot inside the Speedway’s grounds. The motorcycle-specific nature of the Red Bull Indianapolis GP will permeate every facet of the event and affects all elements of the host city’s planning.
An Atlanta firm is hoping to revive the development of a Whole Foods grocery at the northwest corner of 86th Street and Keystone Avenue. Dominion Capital, which took over the site…
Organizers of the inaugural World Class Driving Festival at the West Baden Springs Hotel Sept. 3-7 hope to put Indiana
on the map when it comes to exotic cars and potentially lucrative business opportunities surrounding the accompanying lifestyle.
