Dispute clouds Sky buyout of Union Federal
Union Federal Bank’s Fort Wayne-based parent is locked in a dispute that could put in peril the Indianapolis financial institution’s $330 million sale to Bowling Green, Ohio-based Sky Financial Group Inc.
Union Federal Bank’s Fort Wayne-based parent is locked in a dispute that could put in peril the Indianapolis financial institution’s $330 million sale to Bowling Green, Ohio-based Sky Financial Group Inc.
After Kelly Sernau earned an associate in arts degree in hospitality at Michigan State University, she began researching schools that offered a bachelor’s degree in the field. She considered staying in her home state, then researched schools in Chicago and other places. Ultimately, she opted to transfer to IUPUI’s Department of Tourism, Conventions and Event Management within the School of Physical Education and Tourism Management. “I wanted to focus on meeting planning, [but] most programs focus on the hotel aspect…
Whether you prefer a Chardonnay or Merlot, or you’re simply trying to recall the opening lyrics to “Scenes From an Italian Restaurant,” one thing is certain: Indiana wineries are hardly withering on the vine. The Hoosier State now boasts 32 wineries and should add two more by the end of fall, according to the Indiana Wine Grape Council at Purdue University. Moreover, the winemakers are helping drive the state’s fledgling agri-tourism efforts. “Nobody wants to tour a hog farm, but…
No matter how many bold and italicized words scholars cram into textbooks, nothing compares to students rolling up their sleeves and testing a theory themselves. For years, Indiana University’s Kelley School of Business has offered its Bloomington MBA candidates real-world experience through so-called “academies” focused on specific industries. Now Kelley Indianapolis’ evening MBA program is set to launch a scaled-back version for its students. This fall, it will offer three such “enterprise” programs, including one with an entrepreneurial emphasis. The…
Landing the Honda plant is a great coup for Indiana. Gov. Mitch Daniels deserves congratulations. Not only will Honda employ an estimated 2,000 Hoosiers, it appears the governor secured the facility at a bargain price for Indiana’s taxpayers. While the plant brings much-needed employment, future wealth created from Honda’s production accrues to its primarily Japanese shareholders. This is only fair, as Japanese automakers have innovated, invested and expanded over the past 30 years. They have earned their success and deserve…
SMALL BUSINESS PROFILE JP PARKER CO. Business blooming for specialty florist Flower farm, retail shop feed green thumb’s growth More than 300,000 sunflowers are in various stages of growth on Needham, Ind., farmland, where a third generation carries on the family tradition with a modern twist. These tall summer annuals follow a spring where 1,000 blooming peony plants yielded at least 11,000 stems for a Chicago broker. Smaller plots of delphiniums, larkspur, zinnias, coneflowers, mints, herbs and other greenery also…
The Race 2 Replace bicycle race at the Indianapolis Motor Speedway at first appeared to be just another local fund-raiser. Now, the Lance Armstrong-backed event put on by the professional cycling team he co-owns appears to be rolling up enough momentum to have a significant economic impact on Indianapolis. IMS President Joie Chitwood is calling the Aug. 12 race a “historic day at the track.” Race 2 Replace promoters said the IMS’ first-ever bicycle race is poised to become an…
Indiana Ice owner Paul Skjodt is rolling out a plan to build a 5,000-seat hockey arena in Hamilton County to keep his team skating into the black. If he pulls it off, he could be the first franchise owner to achieve long-term financial stability in Indianapolis’ seven-decade hockey history. To fortify his effort, Skjodt recently hired a vice president of sales and marketing-someone with experience launching new arenas-and launched a grass-roots marketing campaign he hopes to parlay into profitability. Skjodt,…
Team USA gathered in Las Vegas this past week to begin its attempt to reclaim America’s rightful place-which would be first place-in international basketball. Imagine, American hoopsters with a hill to climb. Who’d a thunk it? Well, me, for one. Anyone who was paying attention to international hoops-and I happen to be an aficionado-could see that America’s dominance, so pronounced when the 1992 Olympic Dream Team pounded hapless opponents on its way to the gold medal, was slip, slip, slipping…
Ball State University is preparing to stake a big claim in downtown Indianapolis, where it will offer classes and graduate degree programs at a new satellite facility.
The idea of rapid transit is popular locally, but there’s no consensus on how to finance it. For construction alone, it would cost at least $546 million for suburban express bus service up to $1.4 billion for an "automated guideway" system similar to a monorail. And that's for only one corridor.
I recently called my doctor’s office hoping he could squeeze me in to diagnose a minor, but annoying, health problem. His nurse informed me I wouldn’t be able to get an appointment for at least three days. She suggested I go to an immediate-care facility if I needed attention right away. I was surprised the doctor couldn’t see me, but I appreciated the nurse’s candor. She knew better than to cheerfully suggest an appointment days in the future, by which…
Imagine a vaccine that kills salmonella bacteria in chickens long before they reach the food-processing center, possibly reducing the chance of a food-borne illness landing on your dinner plate. That’s one of the possibilities researchers are thinking about on the northwest side of Indianapolis, where Dow AgroSciences has become a pioneer in the new frontier of plant-based vaccines. Earlier this year, the subsidiary of Dow Chemical Co. received the world’s first regulatory approval for a plant-made vaccine from the U.S….
Health care experts don’t predict a surge in specialty hospital construction after a federal moratorium expires next month. Even so, the rift between competing industry interests is expected to intensify. Moratoriums on new physician-owned heart, orthopedic and surgical specialty hospitals dating back to the Medicare Modernization Act of 2003 temporarily stalled the rapid growth of the facilities. In Indianapolis, three such hospitals-the Heart Center of Indiana, the Indiana Heart Hospital and the Indiana Orthopaedic Hospital-opened between December 2002 and March…
In late June, IndyGo announced plans to build a massive transit center on a 14-acre parcel in downtown Indianapolis where bus and future rapid transit lines would cross and people could park their cars and wait in comfort for transfers. But the U.S. Postal Service, which leases facilities there, might not be interested in moving. And the landlord the main post office rents from said he hasn’t been contacted and is irked the city is eyeing his property. “Frankly, I…
The Indianapolis Airport Authority has begun listing at www.indianapolisairport.com homes it acquired under its nearly decade-old “purchase assurance/sound insulation program.”
St. Elmo Steak House was the top-selling restaurant in 2005, ringing up $11.3 million in sales, but the Cheesecake Factory, Oceanaire, Maggiano's Little Italy, Sullivan's Steakhouse and P.F. Chang's, among others, all topped $5 million.
Black business owner Bob Logan is one of four entrepreneurs chosen by the Indiana Business Diversity Council as inaugural tenants of its unusual new incubator, which caters solely to minority-owned businesses.
Officials for the WTA, which represents women professional players, and the ATP, which represents men, are considering shortening the lengthy tennis calendar by imposing a short offseason-possibly a three-week, midyear respite that would collide with the RCA Championships.
Linda Malkas’ arrival at the Indiana University School of Medicine four years ago is beginning to look like a coup for the city’s life sciences initiative. Armed with promising cancer research, Malkas helped found CS-Keys Inc., which last month received a $285,000 infusion from BioCrossroads’ Indiana Seed Fund and is poised to net a similar investment July 17 from Triathlon Medical Ventures in Cincinnati. The additional capital is critical to the startup’s continuing development of a biomarker that detects breast…