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This St. Patrick’s Day, Tru-Foods LLC executive Gary Occhiogrosso got an object lesson in why his company’s acquisition of Ritter’s Frozen Custard either could be a great opportunity or a royal pain-or both. He visited the chain’s ill-starred 10450 Allisonville Road location on a blustery March day. The shop, which sits in the middle of […]
Indy Racing League founder Tony George dropped a bombshell in December when he told an industry group that he would shut down the open-wheel series if it didn’t break into the black soon. When pressed about the possibility of being profitable by 2013, George responded, “It has to be, or or there won’t be a […]
As I write this, the swine flu epidemic is well on its way to being classified as a pandemic, having spread from its apparent epicenter in Mexico throughout North America, to Europe, Asia, and beyond. In fact, it was confirmed just a short time ago that a student at Notre Dame has been the first […]
The Legislature’s plan to shore up the insolvent Indiana Unemployment Insurance Trust Fund places the bulk of the financial burden on already ailing businesses with the least ability to pay. That’s the assessment of the Indiana Chamber of Commerce and Indiana Manufacturers Association, which are howling in protest at Gov. Mitch Daniels’ refusal to veto […]
It took Pete and Candace Kissinger 33 years to build West Lafayette-based Bioanalytical Systems Inc. into one of the largest contract research firms in Indiana’s life science sector. It took just a year and a half for them to turn against the company’s new management. The Kissingers quietly stepped down from the management team in […]
No matter how the Capital Improvement Board funding mess plays out, we’re left with resentment coming from all directions and an unprecedented splintering of the long-standing bipartisan cooperation that helped propel our city forward. I have to think that the late Larry Conrad and Jim Browning, two of the visionaries who sought to bring Indianapolis-and […]
Though plagued by debt, Allison Transmission recently plowed millions of dollars into experimental technology that could lead to new products. The company entered a $10.4 million deal in March with Torotrak plc, a British firm that’s been trying for more than a decade to bring its gearless transmission to market. “When I saw Allison tie […]
People will always make the case that Indianapolis doesn’t need any more chain or franchised restaurants. I understand the
big-picture argument. I understand the desire for a greater regional culinary identity and the wish for a more adventurous
restaurant clientele. To be honest, though, a good meal can temporarily dismantle my regional pride.
Lawmakers sometimes do their best work right after an election, when they have a fresh victory in hand and can think beyond their political self-interest. Same goes for the chief executive. Gov. Mitch Daniels won big last year in what was presumably his last political campaign. All of which adds to our disappointment at the […]
Barbara Hoffman plans to close her bait shop along Fall Creek Parkway after 42 years in business. She has agreed to…
While Indy Racing League driver Danica Patrick was driving her new race car up and down a runway at the Indianapolis International Airport this morning, Andretti…
Charitably speaking, not much got done in the legislative session that ended Wednesday. Now Gov. Daniels plans
to call a special session to force passage of a budget, the only bodyâ??s only legal requirement.
Should anything else be put on the…
Missed the Stephen Sondheim/Scott Simon chat that occurred on the stage at IU Auditorium last night? Sorry to hear that. It’s not the same thing as being there, but I’ll empty the notebook for those who weren’t part of the sizable crowd…
Chrysler LLC said in its bankruptcy filing today that it owes Cummins Inc. $43.9 million, placing the southern Indiana company among its top unsecured creditors. A Cummins spokesman said some of that money will be covered by the U.S. Treasury Department’s new Supplier Support Program, which the company entered earlier this month. “It’s our belief […]
Federal authorities have filed mortgage fraud charges against seven local residents, including the owner of Charter Homes, the subject of an IBJ investigation last year. The U.S. Attorney’s Office for the Southern District of Indiana today charged Jerry J. Jaquess and six others with crimes connected with 149 fraudulent loan transactions totaling $19.7 million between […]
Federal authorities have filed mortgage fraud charges against seven local residents, including the owner of Charter Homes, the subject of an IBJ investigation last year. The U.S. Attorney’s Office for the Southern District of Indiana today charged Jerry J. Jaquess and six others with crimes connected with 149 fraudulent loan transactions totaling $19.7 million between […]
Chrysler LLC filed for Chapter 11 bankruptcy protection in New York today and will form an alliance with the Italian carmaker Fiat Group SpA in an effort to revive the nation’s ailing third-largest automaker. The move will idle Chrysler production workers across the nation for 60 days or more, including about 6,000 employees in Indiana […]
Big news out of Bloomington … basketball coach Tom Crean is Twittering. Pardon me, he’s tweeting. He began about two weeks ago. Actually, it is rather cool, and pretty forward thinking too. Crean…
