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Shareholders of both companies today approved the $5.6 billion merger between National City Bank and PNC Financial Services Group Inc., formally sealing a deal that is expected to close Dec. 31.Pittsburgh-based PNC announced plans to buy National City on Oct. 24, with help from a $7.7 billion infusion from the federal government’s financial industry bailout plan.The merger […]
Regulators in Florida are threatening to suspend or revoke Conseco Life Insurance Co.’s license to do business in the state over allegations the company underfunded its policies. The Florida Office of Insurance Regulation alleged this week that Conseco Life misled Florida consumers and withheld vital information from regulators. “Florida consumers deserve to know that the […]
Former Indianapolis Star editor Tim Franklin, 48, yesterday announced he is leaving his post as editor of the Baltimore Sun to head the new IU sports journalism center. Franklin was hired as the…
Jim Cramer, the host of CNBC’s “Mad Money” television show, said yesterday that Eli Lilly and Co. stock is “one that will help investors sleep at night” because of its 5.2 percent dividend yield, which he called “juicy.” The popular TV host has shied away from Lilly in the past because of the company’s huge […]
The editor and senior vice president of the Baltimore Sun will join the Indiana University School of Journalism in January to direct a new sports journalism program in Indianapolis and Bloomington.Tim Franklin, who graduated from IU in 1983, served as a jurist for the Pulitzer Prize in 2006 and 2007 and was previously editor of […]
Steak n Shake Co. has recorded its 14th consecutive quarter with a same-store sales decline. The locally based chain reported a 1.4 percent drop in same-store sales for the first quarter, which ended Dec. 17. The chain saw its revenue fall 6.7 percent in fiscal 2008, for a fiscal year loss of about $23 million. […]
Former IU basketball coach Dan Dakich is doing his daily sports-talk radio show barefoot through January 17 to draw awareness to Samaritan’s Feet (www.samaritansfeet.org), an organization dedicated to providing shoes to kids…
In January, more than a dozen Broadway productions will be shutting down, including “Spring Awakening,” “Gypsy,” “Hairspray” “13,” and “Young Frankenstein.” And there’s little on the horizon to replace them. (Are you really anxious to see “Shrek: The Musical”? Didn’t…
Some of the nation’s largest commercial real estate trade groups are asking the federal government to come to the industry’s aid-a push that, if successful, could give a boost to Simon Property Group Inc. and other Indianapolis-based developers. The Wall Street Journal reported today that the commercial real estate industry is asking to be included […]
Noodles & Co. plans to open in the long-vacant former home of Hard Times Cafe, which is just west of Houlihan’s and Steak n Shake on Maryland Street. The Colorado-based chain…
Troubles this year for the Indy Racing League—and the Indianapolis Motor Speedway—that led to layoffs last Friday, started with a NASCAR event.
“We started seeing a downturn in revenue with the Allstate 400,” said…
November was another bleak month for the Indianapolis-area housing market, with the number of units sold tumbling 29 percent compared with a year earlier. Sales in the 13-county Indianapolis area totaled 1,448 for the month, compared with 2,028 in November 2007, according to the Metropolitan Indianapolis Board of Realtors. The latest month was weak by […]
I like to think of myself as a realist.
So I know that this is unlikely to have been the busiest weekend for arts activity. Still, there may be some of you who warmed themselves by the light of the ISO,…
Good luck getting people to buy from local vendors or manufacturers.
The newly organized MLK Business Revitalization Association aims to bring new life to the neighborhood west of downtown by
uniting area business owners behind a common goal — cleaning up the community to attract other entrepreneurs.
Indianapolis Mayor Greg Ballard has notified the City Market that the financially strapped city is phasing out its subsidies
to the historic downtown fixture, which account for one-quarter of the market’s nearly $1 million budget.
Now expecting $935 million less in annual revenue than they did a year ago, legislators will spend the next four months arguing
over budget cuts.
I think about the economic crisis, the housing crisis, the climate crisis, the energy crisis, the automotive crisis, the Middle
East crisis, the education crisis, the college affordability crisis and all the other crises — real, imagined and manufactured
— and I wonder whether they’ll drive us to the precipice, or even the apocalypse, and whether we’ll change at the last
minute, and, should we survive, whether we’ll remember what we want to forget or forget what we want to remember.
Property-tax caps should help Hoosier homeowners save a bundle next year.
In January, St. Paul, Minn.-based 3M will release “Clinpro 5000,” a specialty toothpaste Indiana Nanotech developed.
