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Colts got milk (sponsor)

Indianapolis Colts officials this morning announced they signed a deal to make Fair Oaks Farms Milk the Official Milk of the team. Financial terms of the deal were not disclosed. 

“They will be supplying…

Midwest governors set up high-speed rail group-WEB ONLY

Midwest governors met in Chicago today in a show of unity as they push for an eight-state, high-speed rail network – agreeing to set up a group that will coordinate the states’ bid for a share of $8 billion in federal stimulus cash for such projects. The one-day gathering, billed as a Midwest High Speed […]

Allstate ends Brickyard 400 sponsorship-WEB ONLY

Allstate Corp. is ending its five-year run as the lead sponsor of the Allstate 400 at the Brickyard NASCAR race in Indianapolis, company officials announced today. The announcement comes one day after this year’s race at Indianapolis Motor Speedway suffered a 20-percent attendance drop from last year’s event. Allstate spokesman Raleigh Floyd told the Associated […]

Allstate ends Brickyard 400 deal

Officials for Allstate today announced they are ending their sponsorship of the Brickyard 400 NASCAR race after five years.

The timing comes after a 20 percent attendance drop from last year, though Allstate officials…

125 workers at local GM plant take buyout-WEB ONLY

More than 125 people at General Motors Corp.’s metal-stamping plant in Indianapolis have signed up for buyouts or early-retirement packages that are worth as much as $115,000 in cash per worker, a union official said this morning. July 24 was the deadline for accepting the offer. The buyout is the second that GM has offered […]

Regulators hike Irwin Union’s capital requirements-WEB ONLY

Regulators have told Irwin Union Bank FSB that it must boost its capital by the end of next month or face the possible suspension of its business. The bank is the thrift subsidiary of Columbus, Ind.-based Irwin Financial Corp., which has been struggling for more than a year. The order to boost capital from the […]

Old National profit falls, but beats expectations-WEB ONLY

Second-quarter profit for Old National Bancorp fell 50 percent from the same period a year ago, but the company still managed to exceed analysts’ expectations. The Evansville-based parent of Old National Bank this morning announced profit of $9.6 million, or 15 cents per share, beating analysts’ estimates by 9 cents. Revenue of $111.9 million was […]

Southern Indiana town considers bankruptcy-WEB ONLY

A southern Indiana town board is considering filing for bankruptcy protection over a potential $1.45 million debt even though officials say state law doesn’t allow that action. The 3,000-person community of Georgetown faces the debt to a contractor and the nearby city of New Albany over stalled plans to build its own sewage treatment plant. […]

You-review-it Monday

For me, the weekend included closing night at the Indianapolis International Film Festival featuring the deserving-national-release documentary “Racing Dreams” (and subsequent party and award presentation), a Saturday visit with the “Smoke on the Mountain” crew at Beef & Boards’ “Sanders…

Former jail up for sale

The owner of a former Community Corrections jail facility at the southwest corner of Delaware and Maryland streets has put the building up for sale,…

Indiana University expects smaller freshman class-WEB ONLY

Indiana University officials are expecting several hundred fewer freshmen to show up next month at the Bloomington campus than last year’s record-largest freshman class. Officials expect about 7,100 freshmen when the fall semester starts in late August. IU vice provost Roger Thompson said that would be a good enrollment figure because the school plans on […]

State panel to hear about tuition increases-WEB ONLY

A state committee has set tomorrow as the date that officials from Indiana’s public colleges and universities must explain their decisions to raise tuition. The State Budget Committee, which includes four fiscal leaders in the General Assembly and the state budget director, wants the colleges to justify the increases when so many students and families […]

‘Racing Dreams’ & more win IIFF

“Racing Dreams,” an outstanding documentary about competitive karting, took the Audience Award at the Indianapolis International Film Festival earlier this evening. Its three charming teen subjects and its director were all on hand to bask in the acclaim.

Other feature winners…

Barley Island taking SI space

Noblesville’s Barley Island Brewing Co. is planning to open a second restaurant and brewhouse in the former home of Scholar’s Inn Bakehouse at the corner of…

Economy biting into IRL future

I know new Indy Racing League boss Jeffrey Belskus can count to 16. By all accounts, the former chief financial officer is an accounting whiz. So he should realize he has a problem.

This…

St. Francis buys big cardiology practice

As concern grows among medical providers that health care reform augurs lower payments, St. Francis
Hospital & Health Centers has agreed to absorb a large group of cardiologists that bring lucrative heart patients to its
facilities.

Indianapolis hotels feel pain of national slump

Hotel occupancy rates are way down in Indianapolis, as they are elsewhere, but local operators and national analysts think
the city is in a good position to bounce back when the economy improves.