TV move: Genius or desperation?
My reaction to last year’s announcement that the Indy Racing League was parting ways with ESPN for lesser known cable channel, Versus, was the same as a lot of the readers of this…
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Renewal planned for towers
Developers are working on plans to build new residential or commercial space adjacent to two public-housing towers near Mass Ave downtown. The Indianapolis Housing Agency…
Loan losses lower Old National’s profit-WEB ONLY
Evansville-based Old National Bancorp today reported fourth-quarter profit of $6.6 million, down from $22 million in the same period the prior year. Earlier this month, the company told the U.S. Securities and Exchange Commission that its quarterly results would be affected by higher-than-expected loan losses of $17 million and the write-off of a check fraud […]
Liberty Homes closing Syracuse plant-WEB ONLY
Manufactured housing maker Liberty Homes Inc. has tentative plans to close its plant in Syracuse, eliminating about 80 jobs in the process. The Goshen firm filed a closing notice with the state last week, saying layoffs could begin about March 20. Liberty has seven manufacturing facilities nationwide. The closure is another blow to northwest Indiana’s […]
Housing market may have hit bottom
Here’s something that passes as good news for central Indiana’s moribund housing market: Prices might hold steady this year,
after falling nearly 7 percent from their 2006 peak.
SBA loan approvals
These businesses have received loans from financial institutions with
a guarantee
from the SBA. Not all funds are disbursed immediately. Furthermore, some approved loans are subsequently canceled.
More high schoolers enrolling in college
Fall Creek Academy is among a growing number of high schools that enroll their students to take classes at colleges, earning
credit toward both a high school and a college degree.
Financial crisis, recession hammer deal flow
Companies searching for a merger or acquisition partner had one heck of a time finding a match last year. Place much of the
blame on the credit crunch that rattled the nation’s economy and sent deal-making into a downward spiral.
You-review-it Monday
Greetings from New York.
My weekend included catching three Broadway shows (I’ll be reviewing them in the print IBJ this week) and reading a chunk of Dennis Lahane’s novel “The Given Day” while on the trains back and forth to New…
NOTIONS: Thumbing a ride on America’s ‘Revolutionary Road’-WEB ONLY
On my bookshelf, there’s an old copy of Richard Yates’ “Revolutionary Road.” The cover illustration shows a pristine countryside with puffy white clouds on an azure sky. Above the hills fl oats a stoppered glass jar. Inside, a woman stands before a house and church, her arms crossed, impatient. Outside, a man climbs toward her […]
SMALL BUSINESS PROFILE: KERNS INTERNATIONAL LLC-WEB ONLY
Once recruited for a high-level management position at a major soft drink company, John Kerns is now the recruiter, searching for presidents, vice presidents and directors for a number of Fortune 500 fi rms. But with the economy nosediving and companies laying off workers by the hundreds and thousands, Kerns calls this the most difficult […]
Suit boosts Hilbert’s foul-play fears-WEB ONLY
Indianapolis businessman Steve Hilbert fears foul play in the recent death of his mother-in-law-a suspicion fueled by a new federal lawsuit alleging a woman by the same name was caught up in a $15-million life insurance fraud scheme. Though he acknowledges having no hard evidence, Hilbert said he has asked law enforcement authorities to reopen […]
A&E Xscape to Lafayette Square-WEB ONLY
Ever since Xscape took over a sizable chunk of Lafayette Square Mall late last year, I’ve heard speculation about what goes on behind its walls. Most of that guesswork came from people jumping to conclusions based on the decline of its shopping center surroundings, combined with nightmare experiences at the likes of Chuck E. Cheese. […]
Towers eyed for renewal-WEB ONLY
Two concrete public-housing towers near Mass Ave downtown can seem like a world apart from the bustling, pedestrian-friendly urban neighborhoods nearby. The Indianapolis Housing Agency is hoping to change that. The group is asking developers to pitch plans to build new residential or commercial space on land surrounding the 21-story John J. Barton Apartments at […]
EDITORIAL: Private gifts give city a lift-WEB ONLY
State and local governments in Indiana aren’t known for pouring tax money into so-called progressive causes. Private money often has to step in. A shining example is the $15 million Gene and Marilyn Glick gave to the Indianapolis Cultural Trail, a $50 million alternative-transportation project that’s getting most of its money from the private sector. […]