Durham firm departing top floor of Chase Tower
Tim Durham’s Obsidian Enterprises Inc. plans to vacate the top floor of the state’s tallest building next month, real
estate sources say.
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Cash-flush Finish Line likely to open new stores
With an improved balance sheet and $150 million in its pocket, the athletic-gear retailer is looking at new locations and
improving its online shopping hub.
Area voters to decide on Greenwood merger
Greenwood and White River Township officials advance a plan that would create Indiana’s sixth-largest city, if residents
approve it May 4.
Slump sets Hoosier job levels back 14 years
The 131,000 jobs lost
in the 12 months ended in November amounted to a 7.2-percent decline and were nearly equivalent to the combined populations
of Carmel and Fishers.
Indy airport expects less travel than last year
The Indianapolis International Airport is expecting to be busy this week and next despite an average 8 to 10 percent decline
compared to the same period last year.
College cuts will favor some schools over others
The Indiana Commission for Higher Education said state colleges and universities need to find new ways to be efficient—without
new tuition hikes—to cope with spending cuts ordered by Gov. Mitch Daniels.
Finish Line profit exceeds analyst expectations
The Finish Line Inc. barely eked into the black in its fiscal third quarter, but even that exceeded analysts’ expectations.
Sweet Things keeps same flavor with new owner
Candy store on north side of Indianapolis changes hands, but new owner Cassandra Schuchman keeps chocolate recipe intact.
The shop has stores at North Willow Mall and River Crossing.
Engineer doubles as inventor
Hidden Toilet Paper, a small business in Fishers, patented a device that installs toilet-paper rolls into walls, keeping paper
safe from pets and children.
SBA loan approvals – November 2009
SBA loan approvals above $100,000 for the Indianapolis area for November 2009
Safis Solutions speaks ‘FDA’
Indianapolis regulatory compliance consultant Safis Solutions snares contracts with Eli Lilly, other big clients. CEO Ping
Poulsen has built company to 20 employees.
Estate tax confusion leaving family businesses in limbo
Federal estate taxes are set to expire next year, but increase in 2011. Confusion is leaving family businesses like Greenwood-based Byrd Enterprises in limbo. Vice President Jonathan Byrd II is still sorting through the aftermath of his father’s August death.
Conseco raises nearly $223 million in stock offering
The Carmel-based life and health insurer immediately applied $161 million of the funds to its bank loans.
College cuts will favor some schools over others
The Indiana Commission for Higher Education says state colleges and universities should find new ways to be efficient—without
raising tuition—to meet spending cuts ordered by Gov. Mitch Daniels.
Bank buys part of property targeted for Fishers water park
A high-profile piece of land in Fishers that is part of a proposed hotel and water park project has been bought by the bank
that foreclosed upon it.
Company news
AIT Laboratories is doling out another $1 million to its employees, its second round of profit-sharing payouts this year. The Indianapolis-based clinical, forensic and pharmaceutical testing company paid employees $2 million in bonuses in June, right before CEO Michael Evans transferred ownership of the firm to its workers as part of an employee stock-ownership plan. […]
People
David Simon and Larry Glasscock were named among the 50 best-performing CEOs by Harvard Business Review. Simon has been CEO of Indianapolis-based mall developer Simon Property Group since 1995. Glasscock, who is now chairman of locally based health insurer WellPoint Inc., was CEO of the company from 1999 to 2007. Dr. Javier F. Sevilla Martír […]
“Sherlock Holmes”
Dec. 5
A theater near you
As many of you know, IBJ was one of the hosts of a sneak preview of
this film just a few days before its opening. And while this may not be anything like your father’s—or even grandfather’s—Holmes,
it is a rollicking adventure in the “National Treasure” vein. While there’s little chemistry between Holmes
(Robert Downey Jr.) and the underwritten Irene (Rachel McAdams), the sense of lifelong friendship between the sleuth and his
doctor pal Watson is palpable. “Sherlock Holmes” may not discover anything new, plot-wise, but it’s sure
fun along the way. For future ticket giveaways, watch this page and pay frequent visits to IBJ’s arts and entertainment
blog Lou Harry’s A&E.
Conservatives, liberals unite in criticizing health bill
We talk about the spectrum of political ideology, but last week on health care reform, it became more of a circle as liberals
joined conservatives in criticizing the Senate health reform bill.
Laughin’ on the Avenue
Dec. 29
Madame Walker Theatre Center
In need of some laughs to shake off the holiday blues?
Indianapolis has its share of comedy clubs, but there’s also this monthly series at the Madame Walker, which isn’t
taking time off just because the weather outside is frightful. Note: Performances are labeled as “uncut, uncensored,
off-the-hook.” Details here. Answers to Chris Isaak quiz, above: 1. “Eyes Wide Shut.” 2. “Blue
Velvet.” 3. “Married to the Mob.”