Life sciences panel pegs bright spots in Indiana
Leaders tackle issues ranging from research to cold storage to the future of Eli Lilly and Co.
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Marine tech unit to fill four floors at struggling M&I Plaza
A 10-year, $20 million deal for a civilian division of the U.S. Marine Corps to occupy four floors of the 28-story M&I
Plaza building downtown will push
the city’s sixth-largest office tower from a woeful 30-percent occupancy rate to about 50 percent.HICKS: When it comes to migration, people follow the money
Folks tend to migrate to warmer, sunnier and more tax-friendly places.
More economy woes: Retail sales sink, jobless claims rise
For the year, retail sales fell 6.2 percent, the biggest decline on government records that go back to 1992.
First Indiana Future Fund off to a slow start
More than half of the venture capital fund’s original investors took a pass on its $58 million successor, the newly launched
INext.HETRICK: My Washington day in the war for health reform
I awoke long before the alarm sounded Tuesday. It’s not every day one testifies before Congress, so I was eager and
anxious.MARCUS: Economic slump inspires platitudes galore
If the problem is that consumers and businesses
are not spending because banks aren’t lending, then government making it easier for banks to lend and consumers to spend
is a good thing. The stimulus plan is right on target.Irwin loses $94 million in first quarter-WEB ONLY
Columbus-based Irwin Financial Corp. said today it lost $94 million, or $3.07 per share, in the first quarter due to costs related to the company’s restructuring. The deficit compares with a loss of $22 million, or 77 cents per share, in the same period a year ago, but is less than the $104 million it […]
Auditors raise concerns about Irwin’s health-WEB ONLY
Columbus-based Irwin Financial Corp. said this morning that auditors have raised doubt about the bank’s ability to remain in business while it restructures operations. The company, which operates Irwin Union banking branches in Indianapolis, Carmel, Avon, Franklin and Shelbyville, said it lost $104 million, or $3.54 per diluted share, in the fourth quarter and $340 […]
Auditors raise concerns about Irwin’s health-WEB ONLY
Columbus-based Irwin Financial Corp. said this morning that auditors have raised doubt about the bank’s ability to remain in business while it restructures operations. The company, which operates Irwin Union banking branches in Indianapolis, Carmel, Avon, Franklin and Shelbyville, said it lost $104 million, or $3.54 per diluted share, in the fourth quarter and $340 […]
Athenaeum will launch awareness campaign
The Athenaeum is seeking better name recognition in the community, with the help of a grant from the Indianapolis Foundation.
Local engineering firm backing effort to turn garbage into ethanol
Indianapolis-based engineering and consulting giant RW Armstrong has become lead investor in an upstart ethanol firm that
would apply novel technology to make the automotive fuel without using corn as the key ingredient. It would be the first big
commercial plant in Indiana to make the alcohol fuel with so-called cellulosic material–the holy grail, of sorts, in the
ethanol
industry.VOICES FROM THE INDUSTRY: New tax break makes Indiana more attractive than ever
Rapid growth in the high-tech fields of biotechnology and life science has made Indiana a shining example of how promoting emerging industries can transform an agricultural and manufacturingbased economy into a national leader in innovation. It has done so by creating an environment in which knowledge-based businesses can thrive. Building on this success, Indiana continues to position itself as a leader in emerging technologies. A new tax law that took effect this year will present another major step toward this…
EYE ON THE PIE: Should we consolidate libraries?
At last, we have a commission working to see if we can improve government in Indiana through reorganization. Former Gov. Joe Kernan and Supreme Court Justice Randy Shepard are leading the effort. Some of us are concerned that the commission has been established to find ways not to improve government services, but to cut local property taxes. The two goals might not work in the same direction. Public libraries are often cited as ripe for consolidation. There are 238 of…
Martin University to lose its founder, but not his philosophy
In an 80-grit patch of the city fluent in poverty and despair, the Rev. Father Boniface Hardin lectures a visitor on how businesspeople need to learn the language and culture of countries where they operate. If not out of deference, then do it for practical reasons, he says, painting a picture of foreign business partners who “bow their heads and say, ‘This guy is one big sucker and we can rip him off,’ in their language.” What at first sounds…
IRSAY’S ODYSSEY: Owner learned from life in NFL to build winning team
The Indianapolis Colts' evolution from perennial patsy to Super Bowl favorite is a body of work with a seldom-told—and often misunderstood—history. It's easy to see the hues all-pros Peyton Manning, Marvin Harrison and Edgerrin James painted on this masterpiece season. President Bill Polian and Coach Tony Dungy certainly colored the landscape. And Offensive Coordinator Tom Moore added his creativity. But theirs aren't the only signatures on this canvas.