Cutting corners on the I-69 extension
Gov. Mitch Daniels is raising eyebrows in the Evansville area for ramrodding a section of the Interstate 69 extension ahead
of schedule by a whopping three years.
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Fishing license sales up in Indiana, nation
A report issued this week showed that fishing license sales in Indiana so far this year are up 8.1 percent.
Steak n Shake nearer to merger with steak chain
Under terms of the deal, Steak n Shake will pay Western Sizzlin shareholders $22.9 million and Western will pay its shareholders
a $15.9 million stock dividend, making the total deal worth about $38.8 million.
Haunted houses avoid recessionary letdown because they offer escape
Even in bad times
people want to be entertained.” Nationwide, roughly 2,000 haunted houses, hayrides and other attractions
rake in $1 billion annually of the $7 billion consumers spend on Halloween, according to St. Louis-based trade group Hauntworld
Inc.
I-465 bridges remain closed pending tests
State highway engineers plan to take steel samples from two Interstate 465 bridges damaged in Thursday’s propane tanker explosion
to determine whether it is safe to reopen the highway on the northeast side of Indianapolis.
Experts: Feds’ antitrust move poses few risks to health insurers
Democratic lawmakers are seeking to stir up competition by stripping health insurers like Indianapolis-based WellPoint of
their protection from certain federal antitrust laws, although experts shrug off the effort as largely symbolic.
Bankruptcies, store closings help Halloween shops scare up space
Like zombies coming to life in a low-budget horror flick, the Halloween specialty shops that invade empty store fronts are
groaning with activity.
FSSA chief due to reveal more on post-IBM welfare changes
Indiana human services chief Anne Murphy is expected to reveal more details on how the state will handle welfare intake after
its contract with IBM Corp. runs out.
Huntington Bancshares posts third-quarter loss
Huntington Bancshares Inc. says it lost money in the third quarter as the regional bank built up fatter reserves to cover
bad loans.
PNC profit rises despite growing loan losses
Shares of PNC Financial Services Group Inc. soared Thursday after the nation’s fifth largest bank said its profit grew sharply during the third quarter, even as loan losses rose.
Related-party loans pile up at Durham-owned finance firm
Indianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven
years ago, and now he, his partners and related firms owe it more than $168 million, records show.
WTHR, WISH in dog fight for 11 p.m. news ratings
The disappointing debut of “The Jay Leno Show” at 10 p.m. on NBC has hammered ratings for the 11 p.m. newscast
of local affiliate WTHR-TV Channel 13, cutting its average audience by nearly half. But the Indianapolis NBC affiliate says
it will rebound in the fight with its CBS rival because the Leno show has fresh programming year around.
Circle City Classic must boost attendance, sponsorship revenue to survive
Dramatic decreases in sponsorship and ticket revenue this year and the recent resignation of the Circle City Classic’s
new executive director have some questioning if the event can survive. Now Classic leaders are considering a bevy of bold changes.
Gas City dealer offers electric versions of Cadillacs, Hummers
Of all the inappropriate postmarks for the largest distributor of plug-in electric vehicles in Indiana,
Gas City, about an hour north of Indianapolis, takes the prize. But Steve Mitchell, proprietor of Electric Cars
and Carts, figures he’s in the right place as far as business prospects go. Despite a stalled economy, Mitchell’s
electric vehicle sales are up 35 percent over the same month last year.
Opportunists hunt deals in commercial real estate
Just about every player in the real estate business—whether individual investor, private-equity fund or publicly
traded company—is trying to raise capital to take advantage of what they see as an inevitable shakeout in commercial
property.
Indianapolis-based FAST Diagnostics gets funding from BioCrossroads’ seed fund
Money will help the company refine its tool to treat acute kidney injury.
New not-for-profit coffee shop in Fletcher Place will raise money for charities
The new coffee shop named for Calvin Fletcher, one of the city’s first lawyers, will give money to groups such as Second Helpings.
Gregory & Appel celebrates anniversary by writing 125 checks to charity
The awards of $500 each total $62,500. “In lieu of doing a party, it was more
appropriate and more the corporate culture of Gregory & Appel to do something charitable,”
Vice President Steve Appel said.