ISTA insurance fund sues ex-officials
The Indiana state teachers union’s insurance fund has filed a lawsuit alleging former officials, financial advisers and consultants
mismanaged a long-term disability insurance trust.
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Purdue business school dean to step down
Richard A. Cosier, dean of Purdue University’s Krannert School of Management for the past decade, plans to leave the post
June 30, 2010, the university announced today.
Humane Society eyes city for $3M clinic
The Humane Society of Indianapolis is shopping for donors to support construction of a $3 million spay/neuter clinic in the
Fountain Square area.
Steak n Shake chief snaps up more shares
Steak n Shake Co. CEO Sardar Biglari revealed in regulatory filings this week that he spent $1.1 million buying shares in
the locally based burger chain, an apparent vote of confidence in his own turnaround plans.
Shoe Carnival’s profit flat in second quarter
Evansville-based Shoe Carnival Inc. today reported flat profit and declining same-stores sales in its fiscal second quarter.
Ivy Tech saving facade for classroom building
Ivy Tech Community College plans to save the facade of a historic former hospital along Fall Creek Parkway and build a new
150,000-square-foot academic building behind it.
Saturday Evening Post looks to its past in effort to spark revival
The Indianapolis-based magazine, which
publishes every other month, launched a redesign in July reminiscent of its glory days, with a retro masthead, narrative cover
art and fiction writing.
Noble Roman’s wins latest round in fight with franchisees
A group of former franchisees of Noble Roman’s Inc. has hired a new attorney to represent them in a case against
the chain after a Hamilton County judge tossed their old lawyer.
Bloomington’s Kilroy’s opening downtown Indianapolis outpost
Restaurateur Paul Murzyn has signed a lease for the 8,700-square-foot, first-floor
space at 201 S. Meridian St., a historic building with luxury condos upstairs.
MainGate Inc. racks up revenue with NFL deals
When Brett Favre signed with the Minnesota Vikings Aug. 18, cheers could be heard at MainGate Inc.’s 7900 Rockville
Road headquarters. Predictably, Favre jerseys went flying off the shelves—about 6,000 in the first 72 hours—and
MainGate gets to keep a portion of those sales. The Vikings are one of six teams the Indianapolis-based merchandising
specialist has signed deals with in 2-1/2 years, making MainGate one of the biggest retail players in the goliath of professional
sports leagues.
HHGregg, other retailers await stimulus jolt
Appliance retailers are poised to take a page from the car dealership playbook in promoting a new government program offering
rebates on energy-efficient washers, refrigerators and air conditioners.
HICKS: Clunkers popularity went beyond consumers
The Cash for
Clunkers program has seriously challenged my high-mindedness. It is time for a bit of soul searching.
MZD to market volleyball sponsorships
Locally based MZD Advertising has signed a contract to market sponsorships and a trade show for the Mizuno Volleyball Mid
East Qualifier, to be held in 2010 in Indianapolis and St. Louis.
HAUKE: Some lessons to share as personal milestones approach
This September
will give me 15 years as a professional in the securities industry. My firm will celebrate 10 years this November.
Fitch strips Indianapolis of prized AAA bond rating
Fitch and other rating agencies are concerned that the phase-in of property tax caps will further strain the city’s finances.
Two businesses open at Flagship Enterprise Center
The Anderson-based Flagship Enterprise Center is on a roll. In the last two months, the small-business incubator
and growth-stage accelerator signed up two new clients: software developers Soveryn Inc. and Coeus Technology.
Venture firms recapitalize Advanced Physical Therapy LLC
Locally based venture capital firms Cardinal Equity Partners and Centerfield Capital Partners have joined with Chicago-based
bank Harris NA to recapitalize the state’s largest independent physical therapy provider.
Indianapolis Monumental Marathon hires executive director
Julie Patterson, a former radio personality who’s been working for WISH-TV, will lead the marathon, which will be a qualifying
event for the Boston Marathon in 2010 and 2011.
Kahn’s wine emporium plans store on 86th Street
Kahn’s Fine Wine & Spirits plans to open a second location in a former O’Malia Food Market at the northeast
corner of 86th Street and Township Line Road.