RIP J. Gumbo’s. Who’s next?
In a move that probably won’t surprise anyone who tried the food, J. Gumbo’s is closing after a six-month run on the first floor of the Hampton…
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UPDATE: Dan Laikin indicted, arrested
National Lampoon Inc. CEO Dan Laikin was arrested at his southern California home this morning, the same day criminal and civil investigators unveiled charges that he participated in a scheme to fraudulently manipulate the company’s stock. The U.S. Attorney’s Office in Philadelphia announced that a grand jury had indicted Laikin, 46, on felony counts of […]
BREAKING: Dan Laikin accused of stock scheme
The Securities and Exchange Commission today filed a civil lawsuit charging that Dan Laikin, an Indianapolis businessman before taking the helm of Los Angeles-based National Lampoon Inc. in 2005, participated in a scheme to fraudulently manipulate the company’s stock. Laikin, 46, is one of four defendants in the suit, which was filed in federal court […]
Eight donors help Common Goal hit target
An effort to raise the high school graduation rate in Indiana has attracted an additional $937,500 in corporate contributions, the Indianapolis Chamber of Commerce said today. The contributions bring to $1.7 the total raised for Common Goal, a Greater Indianapolis Chamber of Commerce program aimed at boosting the graduation rate to 80 percent by 2012. […]
Wabash, Emmis suspend dividends
Trailer-maker Wabash National Corp. and broadcaster Emmis Communications Corp. are suspending dividend payments as the economy deteriorates. Their announcements in recent days follow a September decision by Evansville-based Integra Bank Corp. to cut its dividend to a penny in order to build capital that had suffered from the housing downturn. Lafayette-based Wabash National Corp. said […]
Struggling Fortune narrows focus
Fortune Industries Inc. said this morning that it has sold all its businesses outside of human resources, a shift in strategy aimed at reducing the company’s debt and making financial results less volatile. Indianapolis-based Fortune had operated as a conglomerate, with holdings in fields ranging from wireless services to ultraviolet printing. Financial terms of the […]
Indians score hefty profits
In good times and bad, the Indianapolis Indians continue to be a hit with local sports fans. The Indians scored a $1.23 million profit this year on $8.7 million in revenue, according to…
Nearly free money on the way?
The Federal Reserve this week is expected to drop the rate at which banks loan money to each other below
1 percent. That means interest rates on loans for just about everything, from cars to housing, eventually
would fall further.
The…
Deflecto to close Indianapolis, Fishers plants
Locally based manufacturer Deflecto Corp. has told the state that it will close a plant in Indianapolis and another in Fishers, throwing a total of 219 workers out of jobs. However, the company said it may keep a small service office with about 11 employees in the Indianapolis area. Details of Deflecto’s plans were not […]
You-review-it Monday
This weekend, I finally got to see “On Thin Ice: A Very Phoenix Xmas 3” (the best yet). I also hopped over to opening weekend of Actors Theatre of Indiana’s “A Year with Frog and Toad” (as wonderful as last year….
New retirement savings law means new biz for AUL
In order to comply with stricter rules from the Internal Revenue Service, schools and other not-for-profits are making changes
and consolidations to retirement plans, creating growth opportunities for companies like Indianapolis-based American United
Life Insurance Co.
Recession forces Shelby County’s largest employer to cut workers
Knauf Insulation is cutting 11 percent of its work force in Shelbyville as the recession prolongs the housing downturn that
began two years ago.
Group plans special-needs sports complex in Martinsville
A not-for-profit group led by an account executive at Clayton-based Ray’s Trash Service is raising money to build a sports
complex designed for people with special needs.
City of Lawrence, billboard firms tangle with Marion County planners
What started as a dispute over a pair of digital billboards in Lawrence has evolved into a battle with broad implications
for Marion County.
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION Total ’07 Salary Stock and All other compensation Bonus option grants (1) pay (2) % change (3) Paul E. Hassler $785,875 $323,687 $257,023 $205,165 118% CEO, president $0 Andy L. Nemeth $602,789 $204,451 $257,023 $141,315 156% CFO, secretary, treasurer $0 Todd M. Cleveland $412,748 $246,565 $0 $166,183 N/A Chief operating officer $0 Gregory […]
A health plan for job hoppers
Indianapolis-based Golden Rule Insurance Co. has launched a plan aimed at people who move in and out of jobs that don’t offer
health insurance.
Banks’ ‘food fight’ to restock pantries
In response to Mayor Ballard’s Citywide Food Initiative, banks in our community have combined forces to help restock food
pantries.
Cincinnati construction company sues Indy airport for failure to pay
A suburban Cincinnati construction company known for airport and interstate projects alleges the Indianapolis Airport Authority
has failed to pay on a $14.7 million contract to build aircraft parking spaces.
‘Smoke free’ needs to be the law in all Hoosier public places
If Indianapolis is going to be a first-class city, it needs to have a comprehensive smoke-free workplace law.
FUND-RAISER
FUND-RAISER The Light Their Future Gala is a night of dinner and dancing, live and silent auction, and cash raffle. The eighth annual gala, April 8, sold out at 500 guests and raised $157,000. The next gala, April 17, 2009, will be held at a larger location, the Marriott hotel downtown.