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Two months after reopening under new owners, the Music Mill restaurant, bar and concert venue has closed its doors again. Formerly a Discovery Zone children’s amusement center, the 700-person venue at Clearwater Crossing in Indianapolis is owned by locally based The Broadbent Co., which posted a “no trespassing” sign on the Music Mill’s locked doors […]
Columbus, Ohio-based architectural firm Moody Nolan Inc. has recruited veteran Indianapolis architect Jim Kienle to spearhead its historic preservation practice. Kienle operates James T. Kienle & Associates Inc., which has been acquired by Moody Nolan, the firms announced yesterday. Terms of the deal were not disclosed. Moody Nolan, which has seven U.S. locations, appointed Kienle […]
The Central Indiana Corporate Partnership, which has about as many economic development initiatives as General Motors has car brands, has hatched yet another, this time under its BioCrossroads life sciences arm. “Exibhit Indiana,” at www.exibhitindiana.com, will promote the state’s leadership in the use of health information technology to improve patient care, BioCrossroads announced today. The […]
WellPoint Inc. has signed a deal with cross-town company Arcadia Resources Inc., promising to use Arcadia’s DailyMed service for the Medicaid patients that WellPoint handles in five states.The Indianapolis-based health insurer will launch the DailyMed program this month in Virginia, Indianapolis-based Arcadia said today in a press release.Programs in Kansas, New York, South Carolina and […]
Tony Bennett, the stateâ??s new education chief, has said children who canâ??t read or write before reaching
middle school years are all but doomed to struggle through the rest of their academic careers.
So, IBJ reporter J.K. Wall notes…
The Formula One civil war has been averted. Late yesterday, F1 officials and teams came to an accord to keep everything together. Teams, upset over a proposed spending cap, had threatened to leave…
Marsh Supermarkets Inc. has resolved its legal dispute over a pharmacy-supply agreement with Skokie, Ill.-based Topco Associates LLC and Chesterbrook, Pa.-based AmerisourceBergen Corp. Topco is a private purchasing cooperative. AmerisourceBergen is one of three drug-distribution companies that dominate the U.S. pharmacy market, along with San Francisco-based McKesson Corp. and Dublin, Ohio-based Cardinal Health Inc. Through […]
The Children’s Museum of Indianapolis is hoping to make a big splash with its about-to-open King Tut exhibition. (For details, click here.)
But are artifacts from the boy king a big enough draw to get you to part with $25…
The Carmel office of A.J. Gallagher & Co. kept the local consolidation of benefits brokers rolling with two more deals this month. But Gallagher is now shifting its buying spree away from health insurance while the health care reform debate plays out in Washington. Locally based The Benefits Group and Louisville-based Creative Benefits Solutions came […]
Orders to U.S. factories for big-ticket manufactured goods rose sharply for a second straight month in May, and a key indicator of business investment surged by the largest amount in nearly five years. The Commerce Department said today that demand for durable goods rose 1.8 percent last month, far better than the 0.6-percent decline that […]
Budget hotel chain Red Roof Inn Inc. has defaulted on $361.4 million of mortgage debt, a rating agency that tracks mortgage defaults said yesterday.The hotel chain fell 30 days delinquent on four securitized loans for which the collateral was 131 Red Roof properties, said Frank A. Innaurato, managing director of Realpoint LLC, a debt rating […]
Scale Computing, a California-based developer and manufacturer of data storage technology, said today it has received state grants to help relocate its headquarters to Indiana. The company will move from Silicon Valley and begin building its operations in a yet-to-be-determined location in Indianapolis, with the help of a $2 million grant from Indiana’s 21st Century […]
First-time homebuyers continued to help buoy sales of previously occupied homes in the Midwest last month but not enough to offset continued concern over the unstable economy, according to two reports released yesterday. Overall sales in the Midwest fell 8.5 percent from a year ago, the National Association of Realtors said, and the median sales […]
Indiana House and Senate fiscal leaders are set to begin serious negotiations on a new state budget. Senate Republicans passed their version of a budget yesterday, setting the stage for House-Senate conference committee negotiations to begin during a public meeting scheduled for this morning. House Ways and Means Chairman William Crawford says he hopes the […]
Republic Airways Holdings said today it will buy struggling Midwest Airlines for $31 million in cash and debt, the second time in two days it has sought to rescue an ailing airline. Yesterday, Republic said it would bid $108.8 million to take Frontier Airlines out of bankruptcy. Republic Chairman and CEO Bryan Bedford said he […]
Indianapolis-based Republic Airways Holdings plans to acquire Midwest Airlines for $31 million, the local airline announced today. Republic will buy Milwaukee-based Midwest from TPG Capital, a Fort Worth, Texas-based private equity firm. The transaction is subject to regulatory approvals and is expected to close in four to six weeks. Republic will pay TPG $6 million […]
Indianapolis-based Republic Airways Holdings plans to acquire Midwest Airlines for $31 million, the local airline announced today. Republic will buy Milwaukee-based Midwest from TPG Capital, a Fort Worth, Texas-based private equity firm. The transaction is subject to regulatory approvals and is expected to close in four to six weeks. Republic will pay TPG $6 million […]
Kokomo Mayor Greg Goodnight will travel to Italy next month for meetings with executives of Fiat Group, which now controls Chrysler and its four factories in his city. A city spokesman said Goodnight expects two days of meetings with Fiat executives and hopes to meet with other businesses during the trip July 12-18. Chrysler had […]
The Indiana Senate has approved legislation that would keep state government running if lawmakers don’t enact a new budget by the time the current spending plan expires at the end of the month. The bill approved today would allow the administration of Republican Gov. Mitch Daniels to continue spending at current levels if the new […]
Just when you thought Hoosier icon Jared Fogle was being pushed aside by the $5 footlong ad campaign, he turns up in Manhattan playing hoops with soon-to-be NBA No. 1 draft pick Blake…
