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Articles

IU leader’s goal: global integration: CIBER director wants center’s work to influence all areas of business education

April 21, 2008

Barbara Flynn, a veteran of academia who arrived at Indiana University in 2006, is director of the IU Center for International Business Education and Research. CIBER, founded in 1981, creates business research and study opportunities for IU faculty and students, with the ultimate goal of preparing graduates to compete in today’s global economy. The center mostly is funded federally and operates on a $500,000 annual budget. The 55-year-old Flynn has a degree in psychology from Ripon College in Wisconsin and…

A&E: Take your seats: Best of the fest

April 21, 2008

OK, so maybe what follows isn’t the absolute best of the Indianapolis International Film Festival. After all, with 137 movies in the lineup, it would be a full-time job to screen everything being shown at this year’s event, which runs April 23-May 3. However, we did get our eyes on many of this year’s offerings and picked films well worth your festival time. Think of these widely varied films as strong anchors for your IIFF experience this year. Look for…

Janitors’ contract falls short of Columbus, Cincy

April 21, 2008

The 1,500 local janitors covered under a new union agreement ratified Saturday will earn at least $9 an hour by 2012, less than similar pacts signed in recent months in Ohio. Like the Indianapolis contract, the Ohio pacts end in 2012. Under contracts negotiated by Washington, D.C.-based Service Employees International Union, the minimum for that […]

Sponsors pump up Danica-mania

April 21, 2008

Sponsors of Danica Patrick, who became the first woman to win a major open-wheel race with her Indy Racing League victory in Japan Saturday, have been quick to capitalize on the exposure.

AirTran Airlines quickly put huge photos of Patrick on…

UPDATE: Investors unfazed by WellPoint results

April 23, 2008

Shares of WellPoint Inc. were up slightly this morning, despite the company’s news that profit fell below expectations in the first quarter. Profit at WellPoint Inc. fell below the company’s already lowered expectations in the first quarter and company officials for a second time lowered their profit forecast for the year. The Indianapolis-based health insurer […]

Centerplate secures key catering contracts

April 23, 2008

The Indiana Convention Center, the Indianapolis Zoo and White River State Park have agreed to transfer their catering contracts to Connecticut-based Centerplate Inc., a move that clears the way for Centerplate to purchase locally based Crystal Catering. Crystal, central Indiana’s largest caterer, had held all those contracts. Jack and Dan Bayt founded Crystal in 1987 […]

BREAKING: Centerplate lands key catering contracts

April 23, 2008

The Indiana Convention Center, the Indianapolis Zoo, White River State Park and Murat Theatre have agreed to transfer their catering contracts to Connecticut-based Centerplate Inc., a move that clears the way for Centerplate to purchase locally based Crystal Catering. Crystal, central Indiana’s largest caterer, had held all those contracts. Jack and Dan Bayt founded Crystal […]

Safeco to be acquired by Liberty Mutual

April 23, 2008

Liberty Mutual Group said Wednesday it has agreed to acquire publicly traded Safeco Corp. and take it private in an all-cash, $6.2 billion deal to create the nation’s fifth-largest property and casualty insurer. Boston-based Liberty Mutual and Seattle-based Safeco said the boards of both companies approved the deal, which is subject to approval by Safeco […]

Commentary: Do we need a disaster to wake us up?

April 28, 2008

About 20,000 historic properties were damaged in the storm, and Gay, executive director of Preservation Resource Center of New Orleans, has led the charge to save them. “We never felt like throwing up our hands,” Gay said. “We don’t do that.” The Preservation Resource Center contacted owners of the nearly 4,000 historic properties that were condemned after the hurricane. About 600 of them have been spared to date. The PRC also has been helping review the planned demolition of buildings…

Patrick victory scores for series, sponsors: Historic triumph earns more attention than unification

April 28, 2008

Almost everyone involved with the Indy Racing League expected a firestorm of publicity after Danica Patrick won her first open-wheel race. But few predicted just how hot a commodity the 26-year-old driving diva would become following her April 19 win in Japan. “It’s not like we got caught unprepared. We had a plan in place for over a year,” said Terry Angstadt, president of IRL’s commercial division. The victory blueprint included a list of contacts to be made, interviews to…

BEHIND THE NEWS: Is it time for investors to bite on Steak n Shake?

April 28, 2008

It takes courage, but sometimes the best time to invest in a stock is when almost no one else is. That strategy paid off royally with Finish Line Inc., whose shares are up 180 percent this year. Now, is the time right to dive into The Steak n Shake Co.? To be sure, naysayers can find plenty of reasons to steer clear of Steak n Shake, which helps explain why shortsellers-investors who make their money when shares fall-have flocked to…

Pumped-up business leaders give big sums to Clinton, Obama

April 28, 2008

Indiana’s business community is divided in its support during this presidential election. Many Republicans are disenchanted,
which has contributed to slow contributions to their candidate, Arizona Sen. John McCain. But those looking to support Democrats
are torn this year, as the fierce competition between Clinton and Obama has made Indiana’s normally sleepy May primary a battleground.

Soaring cost of gas makes ethanol blend more competitive

April 28, 2008

Prices of an alternative fuel that’s had patriotic and environmental appeal–but not an economic one for motorists–have been
flirting this month with gasoline on an energy-equivalent cost basis. The sudden but often fleeting price appeal of fuel “E85,”
a blend of ethanol with a dash of gasoline, is due largely to gas prices soaring to nearly $4 a gallon.

Criminal charges possible in Premier blowup: Bankruptcy puts slew of creditors’ lawsuits on hold

April 28, 2008

Authorities are considering pursuing criminal charges against Christopher P. White and other executives at Premier Properties USA Inc. in connection with deepening troubles at the local development firm, sources familiar with the matter said. Possible charges include check fraud and criminal mischief stemming from a $500,000 bad check White deposited into an account with The National Bank of Indianapolis in January. Accusations also are flying over whether White and Premier paid payroll taxes and properly credited employee 401(k) and health…

SPORTS: How big was Patrick’s win? Let the debate begin

April 28, 2008

Like most of the rest of the sporting world and to some extent beyond, I had awakened on that Sunday morning to the delightful news that, overnight in faraway Japan, Patrick had broken through to secure her first Indy Racing League victory in 50 tries. She now is something more than a pretty face and, to some, a sexual object who also just happened to drive race cars. She is a champion. Now this isn’t, as one gearhead suggested, along…

Stadium walkway attracts events

April 28, 2008

Details of a crucial aspect of the Lucas Oil Stadium-Convention Center project could be revealed today as city and stadium construction officials meet to discuss the project.

The construction timeline on the $10 million connector…

Dome demolition details announced

April 28, 2008

The signs of the 25-year-old RCA Dome are coming down next week. The building which helped lure the Indianapolis Colts here from Baltimore will follow. 

The Indiana Stadium and Convention Building Authority this afternoon announced detailed plans for demolishing the RCA Dome…

Sommer Barnard merging into Cincinnati firm

April 29, 2008

Indianapolis will lose one of its largest law firms May 1 when the Cincinnati-based Taft Stettinius & Hollister LLP absorbs Sommer Barnard PC. Neither firm would confirm or deny the deal, but several sources in the local legal community say the deal will be announced today. When reached by phone, Taft Stettinius Managing Partner Thomas […]

UPDATE: Sommer Barnard approves merger

April 29, 2008

The 64 partners of Sommer Barnard PC unanimously voted today to approve the firm’s merger with Cincinnati-based Taft Stettinius & Hollister LLP. The vote means Taft Stettinius & Hollister will absorb Sommer Barnard on May 1, meaning Indianapolis will lose one of its largest law firms. Sommer Barnard was founded in 1969 and has 103 […]

Polian looks for wrestlers, pitchers

April 30, 2008

While a lot of National Football League presidents and general managers are looking closely at college prospects’ football pedigree, Indianapolis Colts President Bill Polian takes his background check a step further. Sure, Polian wants to know…

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