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The flow of life sciences venture capital tailed off in Indiana last year compared with 2007, but the state still attracted twice as many dollars as in 2006. Hoosier life sciences firms pulled in a combined $75.4 million in venture capital last year, according to data compiled by BioEnterprise, a Cleveland-based life sciences development group, […]
Emmis Communications Corp. announced growing losses this morning in its fiscal third-quarter financial statements. The Indianapolis media company said it lost $125.6 million in the period ended Nov. 30, compared to a loss of only $2.1 million in the same quarter a year ago. Emmis cited a non-cash impairment charge of $3.51 per share for the […]
Ten of Indiana native George Rickey’s towering kinetic sculptures are coming to downtown Indianapolis in May. The downtown exhibit will overlap this summer with a career survey of the influential artist’s work, hosted by the Indianapolis Art Center in Broad Ripple. Then pieces from both shows will travel to South Bend, where Rickey was born […]
Bloomington-based Author Solutions Inc. has purchased another provider of self-publishing services, more than doubling the Indiana firm’s employee base to 900. The acquisition of Philadelphia-based Xlibris, announced today, reflects further consolidation in the growing industry. In September 2007, Author Solutions bought Nebraska rival iUniverse. Terms of the deal were not disclosed. Xlibris employs 500 people […]
Could losing three of four anchors in a year’s time actually have a bright side for Lafayette Square Mall? Broker Clint Fultz thinks it might.
Macy’s decision to close its store at Lafayette Square could deal a devastating
blow to a mall already reeling from the loss of other major tenants.
Locally based race track designer Paxton Waters’ engine is burning white hot despite the freezing temperatures outside. While the race season is dormant, Waters’ business is pedal to the metal. “It doesn’t matter…
The British TV channel Sky Arts will be broadcasting English National Opera’s production of “La Boheme.” Nothing new there.
The twist is that it will, simultaniously, broadcast a live, behind-the-scenes, view. See story here.
If both were offered here, I’d guess that…
The restaurant, bar and concert venue Music Mill plans to shut down next month after a four-year run at 3720 E. 82nd St. near the Fashion Mall at Keystone. Music Mill’s lease was up and the sour economy has been taking a toll, said Nick Davidson, one of the owners. For more information or to weigh […]
The real estate market hasn’t been pretty, but there’s reason for optimism, the local office of Colliers Turley Martin Tucker says in its annual State of Real Estate Market Report. The firm reports that although investment sales have slowed to a crawl, office vacancies are rising and retail developments are on hold, there are plenty […]
The restaurant, bar and concert venue Music Mill plans to shut down next month after a four-year run at 3720 E. 82nd St. near the Fashion Mall…
Indiana University President Michael A. McRobbie ordered the school’s vice presidents, chancellors and deans to find $4.9 million in budget cuts immediately, in response to Gov. Mitch Daniels’ decision to trim IU’s state operating funds by that amount for the current fiscal year. The cut represents 0.2 percent of IU’s $2.6 billion annual budget. State […]
Indy Racing League team owner and driver Sarah Fisher this week signed an endorsement deal with SimCraft Racing Simulators. Fisher will appear at the company’s booth Jan. 8-11 at the 2009 International Consumer…
Tony Mason is leaving his post as executive director of the Circle City Classic to become senior vice president of the 2012 Indianapolis Super Bowl Host Committee. Mason, 42, is set to join the Super Bowl Host Committee in April and is expected to work closely with the John H. Boner Community Center to launch […]
Gov. Mitch Daniels said yesterday he wants to spare schools and public safety from the scalpel as he looks
to prepare an honestly balanced budget during a time of declining tax revenue.
But Democrats accuse the Republican of crimping…
Even as the economy tanks, locally based MainGate Inc. continues to ink major merchandising deals. This week, MainGate signed a deal with the Kansas City Chiefs. This comes on the heels of a…
The Finish Line Inc. had a rough holiday season as traffic and sales fell and customers flocked to lower-priced merchandise, squeezing margins. Same-store sales for the Indianapolis-based retailer fell 6.8 percent in December, CEO Glenn S. Lyon said in a conference call with Wall Street analysts this morning. The company yesterday reported third-quarter results that […]
PITTSBURGH Aluminum producer Alcoa Inc. says it’s cutting about 13 percent of its global work force and slashing spending and output due to the economic downturn. The Pittsburgh-based company says 1,700 contractors also will be cut and that it’s implementing a global salary and hiring freeze. As a result of its actions, Alcoa expects fourth-quarter […]
For this post, I turn the blog over to IBJ reporter Kathleen McLaughlin.
If you thought car salesmen had the lock on limited-time offers and blowout prices, check the blue light flashing over Hilbert Circle Theatre. The Indianapolis Symphony Orchestra is…
The Finish Line Inc. reported today that its sales fell 4.4 percent to $257 million in the third quarter, but the locally based athletic retailer still managed to reduce its inventories and narrow a quarterly loss compared to the same period last year. Same-store sales fell 3.3 percent for the chain of 700 stores in […]
