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The National Basketball Association got an assist from an Indianapolis sponsorship consultancy, who oddly, works solely in the motorsports realm.
NBA officials recently decided to loosen its rules on hard liquor sponsorships, to allow…
This afternoon, I’ll be sitting down with IBJ reporter Kathleen McLaughlin and a panel of
More than 750 workers at the General Electric refrigeration plant in Bloomington will keep their jobs after all now that GE has decided to keep the facility open beyond 2010. GE said in March it would close the plant next year because high labor and material costs have made the side-by-side refrigerators produced there uncompetitive. […]
Even after Eli Lilly and Co. wiped out its 2008 profit to buy ImClone Systems, CEO John Lechleiter said his company still has plenty of powder for more purchases. But Lechleiter said he has no plans to do a mega-deal on par with Pfizer Inc.’s acquisition of Wyeth, announced this week. Instead, Lechleiter wants to […]
Conner Prairie continued to draw more visitors and donor support in 2008, ending the year with a $299,000 surplus, CEO Ellen Rosenthal reported last night at the living-history museum’s annual meeting. But like all of central Indiana’s major cultural institutions, the Hamilton County museum’s multimillion-dollar endowment suffered major market losses, which may reduce operating revenue […]
Upscale Broad Ripple restaurant L’explorateur, which prides itself on an avant-garde menu built around locally grown food, is closing Saturday. Owner Neal Brown, who opened the restaurant in May 2006, informed customers of his decision this week on his blog. Plans for a downtown location are still in the works, however. Brown could not be […]
Center Township Trustee Carl Drummer intends to resign from his post to take a lobbying job with Ice Miller LLP, according to a WISH-TV Channel 8 report.
Indianapolis-based Duke Realty Corp. exceeded analysts’ expectations in the fourth quarter, generating funds from operations of 69 cents per share – more than a nickel better than the consensus estimate. Funds from operations is a common measure of financial performance for real estate investment trusts like Duke. Excluding one-time items, funds from operations were 71 […]
Heavy snow is being blamed for a west-side roof collapse. The roof caved in at the Knights of Columbus hall at 5350 Allied Blvd. About 150 people were supposed to be there at the time, but the organization canceled its scheduled bingo event due to the bad weather. Leaders of the Knights of Columbus say […]
Conner Prairie continued to draw more visitors and donor support in 2008, ending the year with a $299,000 surplus, CEO Ellen Rosenthal reported last night at the living-history museum’s annual meeting. But like all of central Indiana’s major cultural institutions, the Hamilton County museum’s multimillion-dollar endowment suffered major market losses, which may reduce operating revenue […]
Indianapolis’ 2012 Super Bowl host committee is getting a firsthand look at what it takes to put on the big game. The group is leaving for Tampa today as official observers of this weekend’s Super Bowl festivities. Members will have in-depth access to parties, functions and planning. They will also work with Tampa police to […]
Ford Motor Co. said today it lost $5.9 billion in the fourth quarter as auto sales slumped, but it has no plans to seek federal aid unless economic conditions worsen. The second-largest U.S. automaker said it burned through $5.5 billion in the quarter, less than the $7.7 billion it used in the third quarter. The […]
Upscale Broad Ripple restaurant L’explorateur, which prides itself on an avant-garde menu built around locally grown food, is closing Saturday. Owner Neal Brown, who opened the restaurant in May 2006, informed customers of his decision this week on his blog. Plans for a downtown location are still in the works, however. Brown could not be […]
Starbucks Corp. plans to slash 6,700 more jobs during a new round of store closures and other cuts, the company said yesterday as it reported that its profit dropped by more than two-thirds in its fiscal first quarter. The gourmet coffee chain plans to close 300 underperforming stores around the world – including 200 in […]
So many people in Evansville are dealing with power outages that the Indiana National Guard has been called in. Vectren Energy reports about 65,000 southern Indiana customers are without power. Hoosier National Guard soldiers are helping first responders take people to warming centers. Fox 59 will have more at 10 p.m.
Even after Eli Lilly and Co. wiped out its 2008 profit to buy ImClone Systems, CEO John Lechleiter said his company still has plenty of powder for more purchases. But Lechleiter said he has no plans to do a mega-deal on par with Pfizer Inc.’s acquisition of Wyeth, announced this week. Instead, Lechleiter wants to […]
Rahal Letterman Racing has pulled out of the 2009 IndyCar Series because it cannot find a sponsor to support its program. RLR becomes the latest racing team to be affected by the reeling economy. The team won the Indianapolis 500 with Buddy Rice in 2004 and brought Danica Patrick to the IndyCar Series. “At this […]
Despite today’s announcement that Rahal Letterman Racing—the team that gave Danica Patrick her start—is leaving the Indy Racing League, series officials are still “bullish” on next season.
“Bobby Rahal and Dave Letterman have been good…
At the tail end of an IBJ piece I wrote last week on Xscape, the amusement center at Lafayette Square Mall, I lamented the absence of pinball machines at the facility.
Growing up in the boardwalk town of Wildwood, NJ,…
Orthopedic implant maker Zimmer Holdings Inc. today said its fourth-quarter profit dropped 37 percent due to slowing sales and the cost of buying Abbott Spine. Warsaw-based Zimmer said its profit decreased to $167.5 million, or 75 cents per share, from $263.8 million, or $1.12 per share, in the prior-year period. Revenue fell 4 percent to […]
