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Attorney, sports marketer takes on new challenges

Milton Thompson, president and CEO of Grand Slam Cos., recently agreed to work with Indianapolis law firm SweetinBleeke and as vice president of corporate affairs for PinPoint Resources, an Indianapolis-based employment agency. Thompson previously worked with Barnes & Thornburg LLP for nearly three years. Thompson will continue to operate Grand Slam, a locally based sports […]

Planning for U.S. 31 rebuilding continues

State and federal highway agencies have approved the final environmental impact statement for the 13-mile rebuilding of U.S.
31 from Interstate 465 to 216th Street.

Feltman to pursue law, business in Indianapolis

Outgoing state Commerce Secretary Nate Feltman said that he likely will return to practicing law and become involved in business
after leaving the post at the end of the month.

Layoffs slated for Indy Racing League, IMS

Indy Racing League and Indianapolis Motor Speedway are planning staff cuts, likely before year end, to become more efficient during a difficult economic environment, according to sources within both organizations who are familiar with the decisions. The number of layoffs was not immediately available. The IMS also has instituted a hiring freeze. The sources referred […]

IRL, IMS making staff cuts

If you’re an open-wheel racing fan, should you be concerned that Detroit cancelled its 2009 Indy Racing League race, reducing the IRL schedule to 17 races? You bet.

Sure, Detroit—with all the tumult surrounding…

Skjodt resigns from embattled Lampoon

Indianapolis businessman Paul Skjodt said today he is resigning from the board of National Lampoon Inc., a move that follows the Monday arrest of its CEO on charges of securities fraud. In a statement, Skjodt said he was stepping aside “to better focus on my other business interests.” Skjodt, owner of the Indiana Ice, teamed […]

Bayh aims for piece of stimulus

Sen. Evan Bayh’s campaign efforts on behalf of Barack Obama may soon pay off for Indiana’s alternative power industry. A Bayh spokeswoman said the Democrat will stage a press conference at 1 p.m. at Indianapolis Motor Speedway. He’s expected to announce efforts to secure part of President-elect Obama’s economic stimulus package on behalf of Indiana’s […]

State takes over troubled Standard Life

Standard Life Insurance of Indiana has been taken over by Indiana regulators after massive investment losses threatened its obligations to policyholders. Indiana Insurance Commissioners Jim Atterholt won an order of rehabilitation from Marion County Circuit Judge Theodore Sosin yesterday, granting him management authority over the company. Standard Life is owned by Kentucky-based Capital Assurance Corp., […]

IMS, Foyt ink sponsor deals

Four companies signed deals to be presenting sponsors for the Indianapolis Motor Speedway’s Centennial Gala: Just Marketing International, Old National Bank, the Indiana Pacers and Honda. Financial terms of the deal were not…

UPDATE: Feltman to pursue law, business

Outgoing state commerce secretary Nate Feltman said today that he likely will return to practicing law and become involved in business after leaving the post at the end of the month. Feltman said he plans to stay in Indianapolis, though he wouldn’t divulge details of his plans. “This is a place my family and friends […]

Allison workers to be offered buyouts

Allison Transmission will offer early retirement to those of its 2,200 hourly workers who are eligible in order to cope with the dramatic economic slowdown. The company plans to unveil details of the offer in meetings with employees tomorrow, and declined to say how many workers might be eligible or the size of work force […]