Local ad firm does all-nighter for charities in need
Vision3, a local advertising and marketing firm, is offering free creative services to area not-for-profits Aug. 27. Application deadline for Vision3’s third annual CreateAthon is July 20.
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Diversifying into life sciences-WEB ONLY
As one of the city’s most prominent minority business owners, Bill Mays built his chemical distributorship largely on the backs of domestic automakers. In 1980,when he founded Mays Chemical Co. Inc., the Big Three accounted for nearly 75 percent of all new-car sales. But that number has dwindled to less than half of all new […]
Ex-pastor jailed in multimillion-dollar fraud-WEB ONLY
A former pastor and his sons charged with multimillion-dollar scheme aimed at church members are being held on $1.5 million cash bond in a western Indiana jail. Sixty-five-year-old Vaughn Reeves and three of his sons were at the Sullivan County Jail today. Initial court hearings for all four men have been set for July 8. […]
U.S. unemployment hits 26-year high-WEB ONLY
U.S. employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy’s road to recovery will be bumpy. The Labor Department report, released today, showed that even as the recession shows some signs of easing, companies likely will want to keep a […]
U.S. unemployment hits 9.5 percent-WEB ONLY
U.S. employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy’s road to recovery will be bumpy. The Labor Department report, released today, showed that even as the recession shows some signs of easing, companies likely will want to keep a […]
George’s departure creates racing uncertainty-WEB ONLY
Indianapolis Motor Speedway and Indy Racing League corporate partners are wondering what the future holds after Tony George suddenly vacated his roles as boss of both of those organizations yesterday. IMS and IRL officials were working the phones this morning to reach out to constituencies and allay fears about massive changes, said Speedway spokesman Fred […]
George’s departure creates uncertainty-WEB ONLY
Indianapolis Motor Speedway and Indy Racing League corporate partners are wondering what the future holds after Tony George suddenly vacated his roles as boss of both of those organizations yesterday. IMS and IRL officials were working the phones this morning to reach out to constituencies and allay fears about massive changes, said Speedway spokesman Fred […]
Panera plans outdoor dining
Panera hopes to include sidewalk and atrium seating for its new restaurant under construction at Claypool
Court. The bakery cafe, which is taking second-floor space next door to Weber Grill, has asked…Ex-Indiana pastor charged with securities fraud-WEB ONLY
A former pastor accused of bilking thousands of investors out of millions of dollars in a Ponzi scheme aimed at their Christian beliefs has been charged with securities fraud. The Indiana secretary of state’s office says warrants on 10 felony counts each were issued today for Vaughn Reeves of Sullivan and three of his sons. […]
It’s a buyer’s market for apartments-WEB ONLY
When the market for single-family houses began to fall apart last fall, the prevailing wisdom was that the crash would be good for the owners of apartment complexes. But the recession is taking its toll on multi-family housing as well, putting the brakes on new developments and driving down prices of existing complexes. Projections at […]
Tipton County off hook for Getrag loan-WEB ONLY
Tipton County won’t have to repay Getrag Transmission LLC a $5.5 million loan it received from the company for infrastructure improvements relating to its failed transmission plant, a judge has ruled. A U.S. Bankruptcy Court judge from the Eastern District of Michigan signed a motion Friday that lets the county off the hook, according to […]
New $336M casino opens in southern Indiana-WEB ONLY
Opening ceremonies are being held today for a new $336 million casino in southeastern Indiana. The new Hollywood Casino on the Ohio River at Lawrenceburg opened up to its first gamblers on Thursday, replacing the 13-year-old Argosy Casino. The new boat is more than twice the size of previous one and has about 4,400 gambling […]
King Tut crowds not necessarily bonanza for Children’s Museum
The gilded exhibit, a happy byproduct of the museum’s close relationship with an Egyptian institution, is more of a gift than
a major moneymaker.King Tut crowds not necessarily bonanza for museum-WEB ONLY
The Children’s Museum of Indianapolis’ King Tut exhibit comes with an extra charge, but it won’t necessarily create a windfall for the venue. Proceeds from “Tutankhamun: the Golden King and the Great Pharaohs” first will go to the show’s for-profit producer, Arts and Exhibitions International of Aurora, Ohio. Only after it recoups its costs will […]
Fire destroys house under construction-WEB ONLY
Crews are to trying to determine the cause of a fire at a home under construction on Promise Road between 136th and 141st streets in Fishers. A neighbor noticed the flames just after 5 a.m. and called for help. The home was engulfed by the time firefighters arrived, and it’s being called a total loss. […]
Ohio architectural firm acquires Kienle & Associates-WEB ONLY
Columbus, Ohio-based architectural firm Moody Nolan Inc. has recruited veteran Indianapolis architect Jim Kienle to spearhead its historic preservation practice. Kienle operates James T. Kienle & Associates Inc., which has been acquired by Moody Nolan, the firms announced yesterday. Terms of the deal were not disclosed. Moody Nolan, which has seven U.S. locations, appointed Kienle […]
Ohio architectural firm acquires Kienle-WEB ONLY
Columbus, Ohio-based architectural firm Moody Nolan Inc. has recruited veteran Indianapolis architect Jim Kienle to spearhead its historic preservation practice. Kienle operates James T. Kienle & Associates Inc., which has been acquired by Moody Nolan, the firms announced yesterday. Terms of the deal were not disclosed. Moody Nolan, which has seven U.S. locations, appointed Kienle […]
Red Roof Inn in talks with lenders-WEB ONLY
Budget hotel chain Red Roof Inn Inc. has defaulted on $361.4 million of mortgage debt, a rating agency that tracks mortgage defaults said yesterday.The hotel chain fell 30 days delinquent on four securitized loans for which the collateral was 131 Red Roof properties, said Frank A. Innaurato, managing director of Realpoint LLC, a debt rating […]
Ice Miller still in merger talks with Louisville law firm
The city’s third-largest law firm is poised to tie the knot with Kentucky’s Greenebaum Doll & McDonald. But differences in the way the firms compensate partners are taking longer than expected to sort out.
Boomtown on hold: Recession delays Honda’s full impact on Greensburg
Jobs created by the new manufacturing plant have been offset by losses elsewhere in the community, and related development
remains scarce. But local officials remain optimistic about Honda’s long-term impact.