Lucas: Stadium worth the cost
There have been a fair number of complaints about the new home of the Indianapolis Colts since its opening in August, from the temperature inside the stadium to traffic flow in concourses and…
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Offers made for former site of Wells dealership
Several potential buyers submitted bids today for a handful of properties near Meridian and 16th streets that once housed the Payton Wells car dealership. Colliers Turley Martin Tucker Auctioneer Bob Getts confirmed bids were submitted but declined to identify the bidders. He said property owners are reviewing the submitted bids. The auction had originally been […]
Pacers give away free gasoline
The Indiana Pacers—in conjunction with sponsor Kia Motors—today are giving away free gasoline. You heard that right.
From 5 p.m. to 6 p.m., Pacers players will be at gas stations at 7751 S. Meridian St. in Greenwood, 11544 Allisonville Rd. in…
Cummins to buy $25M of Irwin stock
Engine maker Cummins Inc. said Tuesday it will buy $25 million of stock of Irwin Financial Corp. to support the Columbus bank’s restructuring plan. The investment is contingent upon regulatory approval of the purchase and the restructuring plan, a Cummins spokesman said. Irwin Financial said earlier this month that it planned to raise a total […]
St. Francis would cancel Anthem contract early
The St. Francis hospital system threatened to terminate its contract with Anthem Blue Cross and Blue Shield of Indiana on Nov. 2-well before the contract expires next September, saying Anthem has been slow at paying claims and has not granted St. Francis terms similar to other area hospitals. If no deal is reached before Nov. […]
Lilly commences ImClone tender offer
Eli Lilly and Co. has commenced its tender offer for New York-based ImClone Systems Inc., the Indianapolis-based drugmaker announced today. Lilly agreed on Oct. 6 to pay $70 a share in cash to acquire ImClone, for a total purchase price of $6.5 billion. Two of ImClone’s largest shareholders-ImClone Chairman Carl Icahn and New York-based Bristol-Myers […]
WellPoint’s Braly boosts United Way giving
United Way of Central Indiana is hoping that a matching gift of $300,000 from WellPoint CEO Angela Braly and her husband, Doug, nets $1 million in additional giving over the next three years. “We feel it’s important to challenge others to continue to give, or increase their giving, during this uncertain economic time,” Braly said […]
Son of ex-Pacer chronicles change
Game of Change, a documentary directed by Jerald Harkness, will be featured at the 2008 Heartland Film Festival in Indianapolis, beginning Oct. 18. Harkness, who is the son of Jerry Harkness, a two-time…
More ISO ‘Guys and Dolls’ thoughts
At some point, I will write about something besides the Indianapolis Symphony Orchestra’s presentation of “Guys and Dolls in Concert” last weekend.
But that point isn’t here yet.
I blogged on one aspect of the show on Saturday. (Find it here, along…
Insurer settles state lawsuit for $16.5M
A legal malpractice insurance carrier has agreed to pay $16.5 million to Indiana ‘s insurance department, settling a federal lawsuit stemming from the multi-million-dollar collapse of a health insurance trust. Alabama-based ProNational Insurance Co. agreed to make the payment to settle a bad-faith and breach-of-contract lawsuit filed by the department four months ago. ProNational was […]
Like a new skyscraper
The new curtain wall is almost done on the north and south faces of One Indiana Square. What do you think so far? (IBJ Photo/Robin Jerstad)
…
Report: Area home sales up 5 percent
Central Indiana home sales rose 5 percent in September, compared with a year earlier, according to a report released today by Landrigan & Co., a residential real estate firm. Landrigan said September sales in 13 area counties, including Marion, totaled 2,192, up from 2,084 in the same month a year earlier. The report offered a glimmer […]
State stocks rally after grim week
Stocks in Indiana and across the globe shot higher this morning, wiping out some of the devastating losses of last week, one of the worst in the history of Wall Street. In late morning trading, the Dow Jones industrial average was up more than 450 points, or 5.5 percent. The S&P 500, meanwhile, had advanced […]
Colts fans sweating it out
Lucas Oil Stadium yesterday afternoon was too hot to handle for some Indianapolis Colts fans—and even players. And I’m not talking about the action on the field.
While the Colts were getting their first…
Seymour drug-maker to hire 150
Schwarz Pharma Manufacturing Inc. today announced a $12 million expansion of its Seymour manufacturing plant and distribution center, a move that’s expected to increase the company’s employment in the southern Indiana city from 366 to 516 by 2011.The drug maker-a unit of Schwarz Pharma AG of Monheim, Germany-said it plans to begin hiring managers, business […]
You-review-it Monday
What a weekend.
For me, it included the Indianapolis Symphony Orchestra’s once-in-a-lifetime production of “Guys and Dolls” (Okay, so I saw it twice), Butler University Theatre’s “Phedre,” Theatre on the Square’s “Evil Dead: The Musical” and reading through most of Walter…
More small businesses allowed to jump in pools: Law lets employers join together for cheaper rates
Small businesses in Indiana stung by rising health care costs now can band together to broker better deals from insurance providers. The rule from the Indiana Department of Insurance took effect in late August and is the final piece of a 2007 health care expansion state lawmakers financed with a 44-cent increase in the cigarette tax. The pooling program is open to businesses with two to 50 employees and is meant to give them strength in numbers so, in essence,…
Economy-minded Honda bucks auto-industry slump
Fueled by its line of gas-sipping economy cars, Honda is expanding in Indiana as car manufacturers almost everywhere else
are shrinking. And the 2,000 jobs the Japanese automaker is promising in Greensburg by 2010 could be just the beginning.
NOTIONS: The perils and pitfalls of pulling the party lever
My sister-in-law is a deputy county prosecutor in Michigan. By all accounts, she’s good at her job. But that may not matter. You see, my sisterin-law’s boss is up for re-election next month. And because his job is on the line, so is hers. So in addition to her day job, my sister-in-law has been working nights and weekends on the campaign. My sister-in-law is passionate about putting away bad guys. She’d like to keep doing it. But it’s not…
Commentary: White deserves praise and support
Chris Katterjohn has the week off. In his absence, this column, which appeared on Oct. 2, 2006, is being reprinted. It’s been a little more than a year since Indianapolis Public Schools Superintendent Eugene White took over the job of battling the flames at IPS. We should all be grateful he did. He is a special man. “It was like going into a burning house,” White told a group of business leaders at a recent breakfast. “I don’t know too…