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The Indiana Venture Center, a local not-for-profit that mentors Hoosier entrepreneurs and startup companies, is shutting its doors. President Jim Eifert announced today that it will end operations Dec. 31. Founded in 2003, the center focused on stimulating high-tech deal flow and connecting entrepreneurial people. Eifert said it helped more than 100 local companies, 40 […]
Plastic film maker Bemis Co. Inc. plans to lay off 100 workers, or about 10 percent of its labor force, next month, according to The Tribune-Star of Terre Haute. Customers that normally allow Bemis to produce packaging in advance during the seasonal slow period of October to December haven’t renewed those contracts. Demand for the […]
Muncie-based Cardinal Health System and Indianapolis-based Clarian Health will merge on Jan. 1, the two organizations announced today. Officials from the two hospital systems signed an integration agreement on Wednesday after receiving unanimous approval from their respective boards of directors. The two systems announced their intention to merge in September. After the merger, Clarian will […]
A recent article in The Economist predicts a deep recession next year if we Americans abandon our spendthrift
ways and swing back to a savings lifestyle. What other nation, the magazine wonders, would buy enough things
to keep…
Rather than further test Indianapolis’ tolerance for edginess, public art guru Mindy Taylor Ross is taking a different tack in 2009 by bringing in the widely known kinetic sculpture of the late George Rickey. Installation of an untold number of Rickey sculptures will begin on April 4, said Ross, public art director for the Arts […]
How can it be that Circuit City is bankrupt and HHGregg is still going strong? Both companies sell electronics
to consumers, though Gregg also deals in appliances.
Part of the reason may be found in how they treat their sales staffs.
Circuit…
At an Indianapolis Colts team meeting held yesterday, coach Tony Dungy asked how many players didn’t know an NFL game could end in a tie. About 15 players raised their hands, according to…
Profit in Shoe Carnival Inc.’s third fiscal quarter plummeted 38 percent from the same period a year ago, the Evansville retailer reported today. The $2.6 million, or 21 cents per share, in net income fell far short of the 30 cents anticipated by analysts surveyed by Thomson Financial. CEO Mark Lemond said customers are buying […]
Target, the primary sponsor of 2008 Indy Racing League champion Scott Dixon and his teammate Dan Wheldon, secured $16 million of exposure value during race broadcasts this past season, more than twice the…
For its next major public exhibition, the Arts Council of Indianapolis plans to bring the moving, geometric sculpture of the late George Rickey. Rickey’s time in Indiana played a key role in developing the tall, sweeping sculptures that won him acclaim in the 1960s. He was born in 1907 in South Bend, but his father, […]
OneAmerica Financial Partners Inc. has signed a letter of intent to acquire Virginia-based Shenandoah Life Insurance Co. Shenandoah would become a subsidiary of Indianapolis-based OneAmerica, whose other subsidiaries include American United Life Insurance Co. and The State Life Insurance Co. OneAmerica disclosed no details about the financial terms of the deal. Shenendoah is much smaller […]
Precise Path Robotics Inc., a Carmel company started by tech entrepreneur Scott Jones and other investors, is about to unveil its first product – a lawnmower guided by technology developed for the battlefield. Precise Path plans to display the RG3 at the Golf Industry Show in New Orleans in February, and anticipates selling 50 units […]
Indianapolis will host the 2015 men’s Final Four basketball tournament, the NCAA announced today. A men’s Final Four is considered a financial coup, bringing in $50 million for the host city, the NCAA estimates. Other winners announced today are New Orleans, 2012; Atlanta, 2013; Dallas/Fort Worth, 2014; and Houston, 2016. The sites were selected from […]
Smoking in public places is in retreat across the country, and now Charlie Brown, the state representative
from Gary, wants to ban it in bars, casinos and other enclosed places in Indiana.
Brown plans to introduce a bill during…
A prominent state senator filed a bill this week that would require retiring legislators to wait at least one year before they could lobby members of the Indiana General Assembly. Under the legislation proposed by Sen. Patricia Miller, R-Indianapolis, lawmakers who retire after June 2009 couldn’t register as a lobbyist before June 2010. The state […]
Efforts to land an Indy Racing League title sponsor have turned to 2010. Just two months ago, IRL officials said a deal appeared imminent. In October, the economy stifled negotiations. Now, almost all…
You know how, when you’re gathered in the living room filling out you Academy Award ballot with friends and there are the inevitable jokes about nobody having any idea what the nominated documentaries are about?
Well, this year, it could be…
Economic turbulence has prompted Great Dane Trailers to severely curtail operations at its Terre Haute plant, but another plant in western Indiana operated by the truck-trailer maker has dodged a massive closing. Great Dane Trailers plans to lay off about 115 employees at its Terre Haute plant, leaving 115 workers, according to The Tribune-Star. Two […]
Indianapolis Museum of Art has decided to acquire the landmark home and gardens of late Cummins Inc. Chairman J. Irwin Miller and his wife, Xenia. The Columbus house, designed in 1957 by architect Eero Saarinen and considered one of the best examples of the international Modernist aesthetic, will be donated to the museum by the […]
Months after receiving a $35 million injection of venture capital, Angie’s List has raised $18 million in venture debt, this time from a different firm. The Indianapolis company announced this afternoon that it has received $18 million from Lighthouse Capital Partners, a Menlo Park, Calif., firm specializing in secured loans to early-stage and expansion-stage technology, […]
