WellPoint Holliday Park?
Indianapolis was one of the first cities to sell naming rights for sports venues when RCA in 1994 was allowed to pay $10 million to puts its name on the Hoosier Dome.
The dome has been demolished and the Colts have…
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Richmond CD plant closure to hit 330 workers-WEB ONLY
Cinram Inc., a Toronto-based manufacturer and packager of CDs and CD-ROMs, plans to close its Indiana plant, costing 330 workers their jobs, according to the Richmond Palladium-Item. Company officials told workers and Richmond city officials that the plant would close this summer in phases, with the first phase on June 16, the second on June […]
Weighty bills look doomed as session nears end-WEB ONLY
Keep hope alive. That’s the stance Rep. Charlie Brown (D-Gary) is taking in hopes of reviving a bill that would impose a statewide smoking ban in enclosed public places. A version of the bill passed the House but went nowhere in the Senate. Now Brown hopes it finds new life in late-session conference committees, where […]
GM exec says 1,600 set to lose jobs-WEB ONLY
GM North America President Troy Clarke said in an e-mail to employees sent today that the layoffs are needed to ensure the company’s long-term viability. “In these unprecedented times, GM is reinventing every aspect of our business, including our organizational size and structure, to create a lean and agile company,” Clarke wrote in the e-mail […]
Lilly posts $1.3B profit, topping expectations-WEB ONLY
Eli Lilly and Co.’s profit soared above analysts’ expectations in the three months ended March 31. The Indianapolis-based drugmaker reported earnings per share of $1.20 this morning, well above the 99 cents Wall Street analysts had predicted, according to a survey by Thomson Financial. Lilly said first-quarter profit was $1.3 billion, up 24 percent from […]
Mayor hopes to fix budget by offering naming rights to city-owned properties
City officials want to raise money by selling sponsorships, advertising and possibly even naming-rights deals for city-owned
properties as they attempt to chip away at a projected $23 million deficit in the municipal budget.
Exports rise despite recession
Indiana’s growing shipments to China averts a reversal in exports for the state, but core transportation equipment takes a
hit.
De-manufacturing can save resources
An industrywide bar-code identification system should be developed so that component objects used in manufacturing can be easily devolved and reused.
Simon layoffs would jeopardize HQ incentive deal
During one of the worst markets for real estate in decades, at a time when developers of all sizes are shedding employees, officials with Simon Property Group Inc. continue to insist they have had zero layoffs.
Emmis creates option to sell, lease back HQ
Would embattled Emmis Communications Corp. sell its Monument Circle headquarters, a prized development that opened a decade
ago at what then-Mayor Steve Goldsmith called "the most important site in the city and the very center of Indiana?"
A Persian Gulf excursion gives hint of locals’ opinions of America
Throughout our visit to five countries in the Mideast, we found the people friendly and helpful.It is not our purpose on these trips to argue with the locals or try to convert them to our way of thinking, but simply to learn about them, their culture and ideas.
Simon family’s interests helped city thrive, but taxpayers paid the price
The Simon family’s role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.
Traveling abroad for business can be tricky
Familiarity with a foreign culture and its traditions can mean the difference between success and failure, or at least avoiding embarrassment.
BOARD OF DIRECTORS
BOARD OF DIRECTORS Patricia Milner, chairwoman Jane Keller Richard Seaver, vice chairman Jerry Langley Kevin Mandrell, immediate past chairman Stan Phariss Steve Warner, treasurer Mike Rupprecht Marianne Marsh, secretary Diana Ruschhaupt Barry Bilger Patrick J. Schaefer Darlene Degener Bill Staples Chuck Hartle Todd G. Vare Amy Havens Bruce Wright Gordon Hughes
Universal health care? Bring it on!
With American ingenuity, we can achieve universal health care coverage without the bloated administrative costs found in our
system of private insurance companies.
New cabaret theater is a different animal
I think it is a mistake to call this American Cabaret Theatre when it really is in the piano bar tradition of cabaret that is popular in New York and Las Vegas, and not the vision that Claude McNeal brought to his American Cabaret Theatre when he first came to Indianapolis in 1990.
NOTEWORTHY CONTROL
NOTEWORTHY CONTROL Candice and Peter T. Kissinger Number of common shares:1,275,967 Percentage of common shares: 26
LOU’S VIEWS: Two ambitious shows yield mixed results
This week, two ambitious shows—a new musical at Beef & Boards and magic realism at the Phoenix
FUND-RAISERS
FUND-RAISERS This year’s Hollywood-themed Arthritis Walk will be held at twilight, June 20, at the Central Canal. The 2008 event raised $62,000. The Jingle Bell Run/Walk presented by OrthoIndy will be Dec. 12. The 2008 event raised $125,000.
Joy’s House hopes registry will click with donors
Joy’s House has created a registry at www.spreadingjoy.org. Donors can choose an item as expensive as a new sofa, or as
modest as a cookie sheet with the assurance that their money will be used specifically to buy that item.